Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Sunday, June 04, 2017

Gold Mining Stocks in 2017 Whipsaw / Commodities / Gold and Silver Stocks 2017

By: Gary_Tanashian

Ever since 2012’s failure of the ‘QE 3 rally’ in the precious metals it has not been fruitful to micro manage the gold sector, because that failure jump started a savage bear market that would need time to work out the excesses both in the sector’s investor base and in its mining businesses, which had become bloated and inefficient. That’s what bear markets do; they clean out the landscape to make it inhabitable for new investors one day. Here is a weekly chart showing the bear’s kickoff. HUI’s 55 week EMA then became the ball and chain that kept its fate sealed (red arrows) until January of 2016.

Saturday, June 03, 2017

Gold Miners Weak but not Oversold / Commodities / Gold and Silver 2017

By: Jordan_Roy_Byrne

If looking at Gold only in a vacuum, it looks good. Its uptrend since the start of the year remains intact and it has pushed above its 50 and 200-day moving averages. It closed the week at $1280/oz and could test $1300 next week. But looks can be deceiving. Considering the US Dollar index closed at a 7-month low today, Gold is lagging a bit. Moreover, both Silver and the gold miners have not confirmed Gold’s recent rise. In fact, the miners are lagging the metals “bigly.” At the moment the miners are not so oversold but a reversal in Gold could be the catalyst that pushes miners to oversold extremes.

Saturday, June 03, 2017

Gold Keep Calm and Carry On / Commodities / Gold and Silver 2017

By: The_Gold_Report

As precious metals expert Michael Ballanger ponders the current markets, he vows to "Keep Calm and Carry On." As I was walking through the shopping district of Kingston-on-Thames yesterday, I was wondering whether the locals had gotten the memo that the country remained on "High Alert" in light of the Manchester bombings. Here I was in the middle of an historic "village," walking across the Clattern Bridge (built in 1293) along with thousands of British shoppers, laughing and joking, sitting in pubs, talking about the rugby matches and generally going about their regular daily business as if nothing had happened. If I could have drawn little "thought balloons" above each and every person I observed, there would be one simple image of a raised middle finger everywhere. It was a wonderful, beautiful thing to witness.

Friday, June 02, 2017

Silver Short-Squeeze Potential / Commodities / Gold and Silver 2017

By: Zeal_LLC

Silver has suffered a lackluster year so far, really lagging gold’s upleg.  Sentiment is still reeling following silver’s crushing selloff from mid-April to mid-May.  But that plunge was largely driven by extreme silver-futures selling by speculators, including a blistering spike in short selling.  The resulting excessive shorts have left silver with excellent near-term potential for a short squeeze, which would catapult it rapidly higher.

Technically, silver ultimately acts like a leveraged play on gold.  The yellow metal has long been silver’s dominant primary driver.  Investors and speculators alike flock to silver when gold is rallying, forcing this tiny market to surge dramatically.  But when gold sentiment is weak due to lackluster price action, silver demand from traders dries up.  Thus silver drifts listlessly or grinds lower, compounding bearish psychology.

Friday, June 02, 2017

Silver and NASDAQ Strength Will Reverse / Commodities / Gold and Silver 2017

By: DeviantInvestor

Bubbles come and go.

Silver and gold – 1980

Japanese Nikkei – 1990

NASDAQ – 2000

Mortgages and Real Estate – 2006

Bonds, Debt, Stocks, Real Estate – 2017

Friday, June 02, 2017

Has Permian Crude Oil Productivity Peaked? / Commodities / Crude Oil

By: OilPrice_Com

The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into.

The sky is the limit, it seems. However, there are growing signs that the U.S. shale industry could be reaching the end of the low-hanging fruit. Or, more specifically, drilling costs are starting to rise and the enormous leaps in production that can be obtained by simply adding more rigs also appears to be running into some trouble.

Thursday, June 01, 2017

Gold Price Moves Higher but Miners Don’t  / Commodities / Gold and Silver 2017

By: P_Radomski_CFA

Yesterday’s session was yet another one in row when mining stocks underperformed the yellow metal, which continues to have bearish implications. Nonetheless, gold moved to new short-term highs and in today’s alert we’re going to discuss the implications of this move.

In short, there are no important ones. Let’s see why (charts courtesy of http:/stockcharts.com).

Thursday, June 01, 2017

Is the Energy Rally Running out of Gas ? / Commodities / Natural Gas

By: Rambus_Chartology

Today I would like to update some charts for Natural Gas and oil which appear to be building out a topping formation. If these patterns play out there is a lot of room to the downside we can take advantage of. There has been a lot of backing and filling, but it looks like this may be coming to an end and we may finally get the impulse move down.

$NATGAS has been building out a 1 year H&S topping pattern and just recently completed the high for the right shoulder. This daily chart shows a blue 5 point bearish rising flag that broke below the bottom rail today. A backtest to the underside of the 5 point bearish rising flag would come in around the 3.18 area which would represent a low risk entry point to go short natural gas. The possible neckline is still quite a bit lower which would be another low risk entry point if the neckline gives way.

Thursday, June 01, 2017

Gold Benefits from Uncertainty Thanks to Twitter and UK Election / Commodities / Gold and Silver 2017

By: GoldCore

• Gold hits five-week high
• Reaches $1,273.74/oz, highest since April 25th
• Sterling recovers after UK polls point towards a hung Parliament
• Expected Fed-tightening capped gains
• 90-dead in Kabul, further signs of increasing tension in Middle East
• Trump expected to pull out of Paris Accord and Trump’s anti-Iran axis already feuding

Thursday, June 01, 2017

How Low Could Crude Oil Price Go? / Commodities / Crude Oil

By: Nadia_Simmons

Although crude oil climbed above the level of $50 yesterday, this improvement was very temporary and the black gold closed the day below this barrier. In this way light crude invalidated the earlier breakout, which will likely trigger further declines. How low could the commodity go in the coming days?

Thursday, June 01, 2017

Kenadyr's Kyrgyz Region Gold Drilling Improves on Historic Results / Commodities / Gold and Silver Stocks 2017

By: WallStreetNation

Thursday, June 01, 2017

[TRADE ALERT] Write This Gold Stock Ticker Down Now / Commodities / Gold and Silver 2017

By: WallStreetNation

Wednesday, May 31, 2017

Silver Elliottwave Followup: Looking for 16.90 / Commodities / Gold and Silver 2017

By: Submissions

Hoag Trading : Talking Point:

Technical Strategy: Turning Bearish
Elliottwave View: Progressing reversal.

Wednesday, May 31, 2017

Gold Price Seasonal Low / Commodities / Gold and Silver 2017

By: Ed_Carlson

Gold rallied $14.90/oz. last week closing at 1,267.60. On Friday, gold printed a gravestone doji candlestick (bearish). Seasonality is bearish in June. The June/July period has a strong tendency to mark a low. In addition, a 40-wk cycle low is due in July. Despite a whipsaw in Nov-Jan, the 34mo moving average is a good indicator of trend. Currently, gold is above the moving average keeping the long-term trend bullish.

Tuesday, May 30, 2017

Preparing for THE Bottom: Part 1 - Gold / Commodities / Gold and Silver 2017

By: P_Radomski_CFA

If we look at gold from the long-term perspective, it’s clear that it hasn’t really done much in the recent months – it’s trading in the $1,200 - $1,250 range, which is where it was in the first half of 2016, first half of 2015, for most of 2014 and in the second half of 2013. Overall, despite short-term and medium-term price swings, not much has happened in the past few years.

Tuesday, May 30, 2017

Why Sharia Gold and Bitcoin Point to a Change in Views / Commodities / Gold and Silver 2017

By: GoldCore

• New gold-backed currency OneGram launched
• Backed by one-gram of gold, uses blockchain technology
• OneGram is first in wave of new Shariah, tech-savvy gold products
• 2017 sees big changes for gold thanks to Shariah gold and blockchain
• Gold investors should prepare for tightening in supply
• Bitcoin and shariah gold demand suggest change in retail investor thinking

Tuesday, May 30, 2017

Gold And Silver Price Seasonality…June Worst Month? / Commodities / Gold and Silver 2017

By: I_M_Vronsky

It is universally known that there are many, many sundry factors that can affect the price of gold and silver.  To name just a few: Political Environment, Value of the US Dollar and the Euro, Commitment of Traders, Possible Manipulation by the Fed, US Fed Policies Regarding the Level of Interest Rates, International Belligerent Turmoil, the Relative Value of the Stock Markets…and last but NOT LEAST THE SEASONALITY of Precious Metal Prices.

This analysis will only focus on THE SEASONALITY of Precious Metal Prices as there enumerable encyclopedic reviews of all the other factors affecting gold and silver prices. Specifically, what has been the average monthly price variance of the price of gold or silver for the 12 months over a period. In an effort to seek objectivity, we have selected Seasonality Charts from several pundit sources.

Tuesday, May 30, 2017

What Happened to Bitcoin? / Commodities / Bitcoin

By: GoldCore

• Bitcoin hits $2,700, a 500 fold increase in five years and doubling in price since May 1st.
• Previous surges – in 2011 and 2013 – have been followed by dramatic crashes
• Significant premiums seen in Asia, over USD price
• Total cryptocurrency market cap reached over $90bn, last week
• Market remains small and volatile
• Comparisons between bitcoin and gold are old, invalid and misleading
• Both bitcoin and gold offer opportunities to diversify away from corrupt financial system

Monday, May 29, 2017

Gold Broke Above Triangle Pattern on 4-hour Chart / Commodities / Gold and Silver 2017

By: Submissions

Franco Shao writes: XAUUSD broke above the triangle patter on its 4-hour chart last Friday and continued its short term bullish movement from the May 9 low of 1214.17, and the price extended to as high as 1269.37. Near term support is at around 1255, as long as this level holds, the bullish move could be expected to continue over the next several days.

Monday, May 29, 2017

Gold Proprietary Cycle Indicator is Down - 29th May / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Jack Chan charts the latest moves in the gold and silver markets, noting COT data supports higher silver prices.

Our proprietary cycle indicator is down.