Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, June 14, 2017
In Gold we Trust: Gold Bull Market Charts and Research / Commodities / Gold and Silver 2017
In Gold we Trust Report: Bull Market Will Continue
The 11th edition of the annual “In Gold we Trust” is another must read synopsis of the fundamentals of the gold market, replete with excellent charts by our friend Ronald-Peter Stoeferle and his colleague Mark Valek of Incrementum AG.
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Wednesday, June 14, 2017
The #1 Gold Stock of 2017 / Commodities / Gold and Silver Stocks 2017
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Tuesday, June 13, 2017
Gold and Silver at Breakout Point from 6-Year Downtrend - David Morgan Exclusive / Commodities / Gold and Silver 2017
Mike Gleason: It is my privilege now to welcome in our good friend David Morgan of The Morgan Report. David, it's always a real pleasure to have you on with us and I'm especially excited to talk with you about some of the topics we've got on tap today. How are you?
David Morgan: I'm doing well Mike, thank you very much.
Mike Gleason: Well, as we begin here David, I want to talk to you about the danger of complacency because I think it's a very appropriate topic for the times we're in right now. To you and me and to many others in our space with a similar world view, we see a whole slew of reasons to own precious metals. We have threats of war in many places throughout the globe. We have a president here in the U.S. who the establishment hates and is hoping to oust if they get the chance. We have nation central banks printing new fiat currency at unprecedented levels all throughout the world.
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Monday, June 12, 2017
How The Smart Money Is Playing The Lithium Boom / Commodities / Lithium
Lithium is the hottest commodity on the planet right now, and investors trying to profit from it don’t understand how to invest in it.
MOST ARE MAKING A CRITICAL MISTAKE and investing in the wrong companies.
That’s because, in this game, lithium GRADE is the key to profitability.
Why? First, lithium...
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Monday, June 12, 2017
Gold Price Failed to Break above 1.295.44 Resistance / Commodities / Gold and Silver 2017
Under pressure by the resistance of the April 17 high of 1295.44, XAUUSD pulled back to 1265 and broke below the bullish trend line from the May 9 low of 1214.17 to the June 2 low of 1258.92 at 1270 on its 4-hour chart, suggesting that the short term uptrend from 1214.17 is complete.
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Sunday, June 11, 2017
Gold Breakout? Not Yet / Commodities / Gold and Silver 2017
Traders and investors noted and celebrated Gold’s alleged breakout from a its downtrend that began in 2011. Tuesday Gold closed at $1297/oz after nearly touching $1299/oz. Gold appeared to break its downtrend on the many charts that made the rounds. However, upon further inspection, there was no breakout from the 6-year downtrend on the weekly chart nor is Gold likely to sustain its strength in the days ahead.
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Saturday, June 10, 2017
Gold’s “Bearish Bulls” Addressed, Now What? / Commodities / Gold and Silver 2017
An NFTRH subscriber named Joe, who is a former fund guy and current chart cranking, idea generating maniac (←said with admiration) came up with the term “bearish bulls” recently, by which he meant that a whole lot of people were looking down in the gold sector, especially heading into this week as the dreaded ‘GDXJ rebalance’ and then next week’s FOMC loomed.
On the former, some bounce opportunities were created in oversold companies involved in the rebalance (with bearish bulls’ short covering providing the accelerant) and on the latter, I very much expect the Fed to raise the Funds Rate next week; and so does the futures market. From CME Group…
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Saturday, June 10, 2017
Gold Stocks Inflection Nears / Commodities / Gold and Silver Stocks 2017
The gold miners’ stocks remain deeply out of favor, largely shunned by traders. Since this sector just spent the better part of a year grinding sideways, such bearish sentiment isn’t surprising. But with a giant technical formation nearing a major inflection point, things look to be coming to a head in gold-stock land. A big breakout is nearing, and gold stocks’ deep undervaluation relative to gold argues it will be to the upside.
Every investor’s portfolio should always include a core position in gold bullion. As a rare asset that tends to move counter to stock markets, gold acts like insurance. It rallies strongly when stocks and bonds are falling in serious corrections or bear markets, mitigating overall portfolio losses. Gold certainly has risks of its own, but they pale in comparison to the additional layers of risk heaped on by gold-mining stocks.
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Saturday, June 10, 2017
Gold Trading Cycle Update / Commodities / Gold and Silver 2017
I have Gold on day 21 seeking out its next TC Low. My normal timing band, low to low is 23-29 days so I will be looking for the next low between mid-June to perhaps June 20-22.
My Blue Boxes on the Gold and GDX charts show you Time and Price possibilities. On Gold, the box should project at least a 38% retrace as a minimum but more likely a 50% retrace or lower.
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Friday, June 09, 2017
Is The Great Commodity Bear Finally Over ? / Commodities / Commodities Trading
There is something happening in the commodities complex that has been going on for awhile now that needs to be addressed tonight. A subtle change actually started earlier this year and has been gaining momentum especially in the energy sector. I know for a lot of you, with the weak US dollar, you are thinking, “how could commodities be declining,” which goes against everything you have learned about how the markets are supposed to work. If the markets always behaved like everyone thinks they should then there would be no markets, because everyone can’t be right. That’s the nature of the beast we’re trying to tame.
Tonight I would like to show you some bearish rising wedges which have formed all over the place in the commodities complex. Many of the rising wedges took over a year to build out so that sets up a healthy decline. The bigger the pattern the bigger the move.
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Friday, June 09, 2017
Precious Metals’ Reply to US Dollar’s Small Rally / Commodities / Gold and Silver 2017
Gold, silver and mining stocks finally moved lower after several days of higher prices and one can say the opposite about the USD Index. Was this just a pause or a beginning of a bigger downtrend?
The latter is quite likely and the reasons come from the precious metals charts as well as from the one of the USD Index. In short, the points that we made in the previous alerts this week remain up-to-date, especially those that we discussed yesterday regarding the “when” factor. We will move to this issue in a few minutes and in the meantime, let’s start today’s discussion with gold’s short-term chart (chart courtesy of http://stockcharts.com).
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Thursday, June 08, 2017
Geopolitical Risks in Retreat. Will Gold Drown? / Commodities / Gold and Silver 2017
In the previous edition of the Market Overview we wrote that “geopolitical risks clearly won with a hawkish Fed in a tug of war in the gold market” at the turn of March and April, as the yellow metal gained about 7 percent from mid-March to mid-April. However, the price of gold declined about 4.8 percent until May 9 when it started its rebound. As the chart below shows, at the beginning of July, the price of gold came close to the level of mid-April.
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Wednesday, June 07, 2017
Gold Price Breakout? / Commodities / Gold and Silver 2017
Gold actually broke its bear market trend line last year. There was never any doubt that a new bull market had begun.
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Wednesday, June 07, 2017
Gold Price Is Facing 1295.44 Resistance / Commodities / Gold and Silver 2017
After touching the ascending trend line from the January 27 low of 1180.51 to the March 10 low of 1194.94 on its daily chart, XAUUSD rebounded strongly from 1214.17 and the pair is now facing 1295.44 resistance.
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Wednesday, June 07, 2017
Gold Price Rallies / Commodities / Gold and Silver 2017
Gold futures have risen to 1298.65 thus far today. I have redrawn the chart to show a probable Broadening Wedge that may allow gold to rally to the Cycle Top at 1335.49. However, I would approach this projection with care, since today Wave 5 has reached equality with Wave 1 and the Cycles Model shows peak strength today, as well. The Broadening Wedge does not require the final rally to touch the upper trendline. Despite all this, should there be a flash crash in equities, gold may still rally higher.
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Tuesday, June 06, 2017
Gold and Silver on Major Buy Signals / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the latest moves in the precious metals markets, noting a new major sell signal in the USD, which supports metal prices.
Our proprietary cycle indicator is down.
Tuesday, June 06, 2017
UK Terrorist Attacks See Gold Price Stay Firm / Commodities / Gold and Silver 2017
A summer evening on London Bridge and in Borough Market ended in terror on Saturday as attackers killed seven people and injured 48.
This is the second terrorist attack on British soil in less than two weeks and the the third this year. The attack was immediately labelled as a terrorist attack. In the hours that followed police arrested a further 12 people who were suspected of having links to the horrendous incident.
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Tuesday, June 06, 2017
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Sunday, June 04, 2017
Gold Mining Stocks in 2017 Whipsaw / Commodities / Gold and Silver Stocks 2017
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.
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Saturday, June 03, 2017
Gold Miners Weak but not Oversold / Commodities / Gold and Silver 2017
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.
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