Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, September 21, 2017
4 Reasons Gold is Starting to Look Attractive as Cryptocurrencies Falter / Commodities / Gold and Silver 2017
Gold is gradually regaining its shine after cryptocurrencies, particularly Bitcoin entered turbulent waters in the last couple of weeks. 2017 was already shaping up to be the year that gold went into oblivion as an investment and as a safe haven asset. The main reason investors weren't particularly interested in gold at the start of the year was the yellow metal seemed to have underperformed cryptocurrencies which are being marketed as digital gold.Read full article... Read full article...
Wednesday, September 20, 2017
Precious Metals Sector is on Major Buy Signal / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the latest moves in the gold and silver markets.
Our proprietary cycle indicator is up.
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Monday, September 18, 2017
Most Investors Won’t Be Buying Gold & Silver until AFTER Big Gains Occur / Commodities / Gold and Silver 2017
Physical demand for bullion rounds, coins, and bars remains somewhat soft in the U.S. This year’s run higher in prices as well as rising geopolitical tensions has whet the appetites of some investors, but it has not yet triggered broad participation.
With strong gains both this year and last, metals prices have been responding to a host of issues – from unrestrained federal borrowing to the prospect of nuclear exchange. But they haven’t moved up as much as many expect.
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Monday, September 18, 2017
Gold Price is Facing Trend Line Support / Commodities / Gold and Silver 2017
XAUUSD stays below a bearish trend line on its 4-hour chart and remains in the short term downtrend from 1357.45. As long as the price is below the trend line, the downside movement could be expected to continue.
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Sunday, September 17, 2017
Australian Dollar vs Japanese Yen Signalling Commodity Inflation / Commodities / CRB Index
The $AUD Australian Dollar continues to strengthen against the $JPY, Japanese Yen. All the commodity currencies are strong against the $USD also. Below is a weekly chart of $AUDJPY showing a break of the downtrend, a backtest and now price moving higher. We had a yearly cycle low last June, so the next yearly cycle low is not due until mid 2018, so there is plenty of TIME for the $AUDJPY to continue to strengthen.
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Sunday, September 17, 2017
Gold Up, Markets Fatigued As War Talk Boils Over / Commodities / Gold and Silver 2017
By Jan Skoyles:
- North Korea threatens to reduce the U.S. to ‘ashes and darkness’
- Markets becoming used to ongoing provocations from North Korea
- Russia and China continue to support watered down versions of sanctions on Kim’s regime
- Both NATO and Russia running war games on one another’s borders
- Putin says Russia will “give a suitable response” to NATOs threatening behaviour
- Gold set to climb as fears over economy and war will drive safe haven demand
Saturday, September 16, 2017
Gold And The Need To Explain Price Action / Commodities / Gold and Silver 2017
People are obsessed with the price of gold. And the demand for answers to the question “Why?” continues to grow. Why did gold go up/down $20.00 today? Why?
All too eager to provide the answer, journalists respond as follows:
Quote: “A weak U.S. inflation print may be just what gold prices need to finally stay above $1,300.” …WSJ Aug 2016
Seriously? I thought higher gold prices were the result of inflation.
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Saturday, September 16, 2017
Gold GLD ETF Investment Resuming / Commodities / Gold and Silver 2017
Gold has surged dramatically to major breakouts since its usual summer-doldrums lows. That’s naturally rekindled interest in this leading alternative investment, despite the record-high stock markets. Investors are starting to return to gold again to prudently diversify their stock-heavy portfolios. That’s very bullish for gold, as investment capital inflows can persist for months or even years. This shift is most evident in GLD.
The American SPDR Gold Shares is the world’s leading and dominant gold exchange-traded fund. Since its birth way back in November 2004, it has acted as a conduit for the vast pools of stock-market capital to migrate into and out of physical gold bullion. The marginal gold investment demand, and sometimes supply, via GLD can be big and varies wildly. Thus GLD-share trading is often gold’s primary short-term driver.
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Saturday, September 16, 2017
Will Eurozone Growth Boost Gold Prices? / Commodities / Gold and Silver 2017
The euro has appreciated about 13 percent against the U.S. dollar so far this year, as the chart below shows. Although it seemed ready to reach parity with the greenback or even to break up, the shared currency was the top-performing currency in the G10 in the first half of the year. Now, there is a hot debate about the future of the euro. As the EUR/USD exchange rate is one of the crucial drivers of gold prices (see the chart below), let’s analyze the outlook for the Eurozone and its currency.
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Thursday, September 14, 2017
The $10 Trillion Resource North Korea Can't Tap / Commodities / Metals & Mining
North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.
Of course, there are no official reports on how much North Korea’s mineral wealth really is, but according to rough estimates from earlier this decade, Pyongyang’s deposits of coal, iron ore, zinc, copper, graphite, gold, silver, magnesite, molybdenite, and many others, are worth between US$6 trillion and US$10 trillion, as per South Korean projections reported by Quartz.
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Thursday, September 14, 2017
Mike Maloney: The Top 10 Reasons I Own Gold and Silver / Commodities / Gold and Silver 2017
When the average investor thinks about gold, they may view it as an inflation hedge. Or maybe as crisis insurance. Or perhaps solely as a portfolio diversifier.
These are all good reasons to own gold—but those are always good reasons to buy precious metals. Mike Maloney’s reasons to own gold and silver at this point in history are very different than what passes as standard arguments.
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Wednesday, September 13, 2017
Massive Equifax Hack Shows Cyber Risk to Deposits and Investments Today / Commodities / Gold and Silver 2017
- 44% of US population affected by Equifax hack
- Hackers took names, birthdays and addresses, Social Security and driver’s license numbers
- Steve Mnuchin “concerned about the global financial system and keeping it safe,”
- Hacks is a reminder of the vulnerabilities created in a connected world
- Cyber security is a major threat to both banking and financial industry
- Investors should hold physical gold as insurance against hacking and cyber attacks
Wednesday, September 13, 2017
Precious Metals Bull Analogs Update / Commodities / Gold and Silver 2017
We started employing analog charts during the latter stages of the seemingly forever bear market in precious metals. Comparing current to past trends by using price data is not considered technical analysis but it is extremely valuable because history tends to repeat itself. It also helps us identify extremes as well as opportunities. For example, in 2015 it was clear the epic bear market in gold stocks was due for a major reversal. Today, precious metals appear to be in the early innings of a cyclical bull market and the analogs suggest there is plenty of room to run to the upside.
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Tuesday, September 12, 2017
Gold And The Coming Collapse: Are We Close To A Major Monetary Event? / Commodities / Gold and Silver 2017
It really should be clear that a major international banking crisis is inevitable, and likely to occur fairly soon. Due to the extreme debt levels, many banks are close to that point of failure.
An event like a stock market crash is likely to push many banks to that point of failure, since the pressure it would create (on cash resources), would expose their inability to fulfill their obligations.
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Tuesday, September 12, 2017
Crude Oil Price Invalidated Breakout – What’s next? / Commodities / Crude Oil
On Friday, crude oil moved sharply lower and lost over 3% after investors digested the EIA report and reacted to the increase in crude oil inventories. Thanks to these circumstances, light crude invalidated the earlier breakout above the resistance area and slipped well below $48. What does it mean for the commodity?
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Tuesday, September 12, 2017
Silver Lags Gold But Signs Point to End of Bear Market / Commodities / Gold and Silver 2017
Technical analyst Clive Maund finds that signs are emerging that silver is getting read to break out. On its long-term 10-year chart silver superficially looks like it may still be in a bear market, but on more careful inspection we can see that a large Head-and-Shoulders bottom pattern is completing, which is tilted compared to the similar pattern that is completing in gold, because silver tends to underperform gold at the end of bear markets and the beginning of bull markets. As we can see, unlike gold, it is still some way from breaking out of this base pattern, but should do so not long after the dollar breaks down from its Broadening Top, that we look at in the parallel Gold Market update.
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Tuesday, September 12, 2017
Is Gold in a Real Bull Market? This Chart will Show You / Commodities / Gold and Silver 2017
After climbing 9% in 2016, from $1050 to $1150 and another 10% gain during the first half of this year, in July and again in early August, gold dropped down to $1210, before rallying back up both times to $1290 and $1350 per ounce respectively. This back and forth price action has some investors worried if this is a real bull market in gold or yet another flash in the pan for the coveted yellow metal?
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Tuesday, September 12, 2017
Reverse H&S Pattern in Gold / Commodities / Gold and Silver 2017
Last week, we received quite a few messages in which readers asked about the long-term reverse head-and-shoulders pattern in gold and related ratios. In today’s alert we discuss this in greater detail.
Let’s jump right into the gold chart (charts courtesy of http://stockcharts.com).
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Tuesday, September 12, 2017
David Smith: Precious Metals Supply Pipeline “Getting Harder and Harder to Fill” / Commodities / Gold and Silver 2017
Mike Gleason: It is my privilege now to welcome back David Smith, senior analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, thanks for joining us again and how are you?
David Smith: I'm just fine, Mike. It's great to be back.
Mike Gleason: Well, David, not too long ago you wrote an article for our site about how gold and silver were getting ready for an historic run you called it. So, before we start discussing some of the market action here recently, fill our listeners in on why you believe things were set up and are set up for us to see a good run in the metals here.
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Monday, September 11, 2017
Precious Metals Sector is on Major Buy Signal / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the latest moves in the gold and silver markets.
Our proprietary cycle indicator is up.
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