Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, May 15, 2017
Gold Stocks Poised to Soar Sharply Higher! / Commodities / Gold and Silver Stocks 2017
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Friday, May 12, 2017
GDX Gold Mining Stocks’ Q1’17 Fundamentals / Commodities / Gold and Silver Stocks 2017
The gold miners’ stocks have been slammed by a sharp gold pullback in recent weeks, spawning today’s bearish sentiment. Traders often get caught up in the emotional swings generated by this volatile sector. But once a quarter earnings season arrives, revealing gold mining’s hard fundamental realities which dispel the obscuring sentiment fogs. The major gold miners’ profitability actually just exploded higher in Q1!
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Companies trading in the States are required to file 10-Qs with the US Securities and Exchange Commission by 45 calendar days after quarter-ends. Canadian companies have similar requirements. Some companies in other countries with half-year reporting instead of quarterly even follow suit.
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Friday, May 12, 2017
Will Crude Oil Stocks Breaks above Medium-term Resistance Line? / Commodities / Crude Oil
In recent weeks crude oil came back below the barrier of $50, which triggered declines and resulted in a drop to almost six-month lows. Despite this move, oil bulls pushed the commodity higher, which resulted in an invalidation of the breakdowns under important support levels. What happened at the same time with oil stocks? Will we see higher values of the XOI in the coming weeks?
Let’s jump right into charts (chart courtesy of http://stockcharts.com) and find out what can we infer from them about future moves.
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Friday, May 12, 2017
Gold Price in May 2017 / Commodities / Gold and Silver 2017
The mining stocks moved higher yesterday and this move can be explained neither by a move higher in gold or silver, nor by a substantial rally in the main stock indices. Does the miners’ strength indicate a looming turnaround?
Quite likely yes, but the emphasis should be put on “looming” and on the fact that any turnaround here is not likely to be very significant. Let’s take a look at the charts for details (charts courtesy of http://stockcharts.com) and check the outlook for gold price in May.
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Friday, May 12, 2017
A Look at the Silver/Gold Ratio, Inflation/Deflation and the Yield Curve / Commodities / Gold and Silver 2017
An email from a reader (of the eLetter, I think) calling me out on trying to make too many correlations in a dysfunctional market (I think that was his bottom line point, and he’s got a good point) got me thinking about the Silver/Gold ratio and some pretty interesting post-2011 dysfunction (so it seems) in the markets.
Markets that made sense in certain ways prior to 2011 no longer make sense in the same ways. For instance, the S&P 500 used to be correlated to the Silver/Gold ratio, which itself was positively correlated to inflation and/or inflationary economic growth. Gold also liked for silver to be leading it, not the other way around.
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Friday, May 12, 2017
The Bearish Gold Bull / Commodities / Gold and Silver 2017
The Bearish Gold Bull was the title of my presentation last weekend at the Metals Investor Forum in Vancouver, British Columbia. While the title could be ascribed to me personally for my recent tendency towards conservative and cautious views, it more importantly describes the current dichotomy in the gold sector. The mining sector saw its fundamentals hit rock bottom in 2014-2015 and became “bombed out” at the end of 2015. However, while parts of the industry have performed well, as a whole it has been unable to push higher after a torrid recovery in early 2016. A big reason is the outlook for metals prices suggests lower prices before any large advance. Until metals prices are ready to rise, the miners may find themselves in a bearish bull.
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Friday, May 12, 2017
Gold is About to Shine Again! / Commodities / Gold and Silver 2017
My Bias: short in wave 3 blue.
Wave Structure: downward impulse wave 1, 2 blue
Long term wave count: lower in wave 3 blue
Important risk events: EUR: G7 Meetings, German Prelim GDP q/q, USD: G7 Meetings, Prelim UoM Consumer Sentiment, CPI m/m, Retail Sales m/m.
Friday, May 12, 2017
The Blockchain: A Gold and Silver Launchpad? / Commodities / Gold and Silver 2017
A new day is dawning for precious metals. Gold and silver – the world's oldest money – are "connecting" with the newest money, digital cryptocurrencies. The final outcome of this nexus is unpredictable, but it is foolhardy to ignore what is taking place.
Central governments around the globe have waged, against their own citizens, a virtual "War on Cash." Efforts by Sweden to become "cash-free;" progressive "downsizing" of Eurozone currency units; a currency recall in India that affected 1.3 billion people; solemn talk about eliminating $100 and even $50 bills in the U.S. - all in the supposed fight against "drug dealing and tax evasion."
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Thursday, May 11, 2017
Could Breakthrough Cancer Treatments Raise Industrial Gold Demand? / Commodities / Gold and Silver 2017
Shannara Johnson : Precious metals aren’t just used as investments and for jewelry—some of them have a wide range of industrial applications as well.
Silver, for example, is used (and used up) in a multitude of products, from solar panels to glass coatings, LED chips, semiconductors, touch screens, water purification, and more.
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Thursday, May 11, 2017
Gold Exports From U.S. – Something Big Is Happening / Commodities / Gold and Silver 2017
by SRSRoccoReport.com : Most Americans didn’t realize it, but something BIG changed in the U.S. gold market in the beginning of 2017. While precious metals sentiment and buying in the U.S. has dropped off considerably in the first quarter of 2017, the East continues to acquire gold, HAND OVER FIST.
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Thursday, May 11, 2017
Gold’s Big Move / Commodities / Gold and Silver 2017
Gold is currently trading near a critical level, from where a massive move up or down is imminent. One of the measures that illustrate we are a close to a big move, is the following resistance line on the gold chart that I have previously highlighted. Below, is a gold chart (from tradingview.net) with the resistance line indicated:
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Wednesday, May 10, 2017
Arizona Legislature Ends Income Taxation on Gold & Silver / Commodities / Gold and Silver 2017
By Jp Cortez : Phoenix, Arizona (May 10th, 2017) – Sound money advocates scored a major victory today when the Arizona state senate voted 16-13 to remove all income taxation of precious metals at the state level. The measure heads to Governor Doug Ducey, who is expected to sign it into law.
Under House Bill 2014, introduced by Representative Mark Finchem (R-Tucson), Arizona taxpayers will simply back out all precious metals “gains” and “losses” reported on their federal tax returns from the calculation of their Arizona adjusted gross income (AGI).
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Wednesday, May 10, 2017
Gold False Reversal? / Commodities / Gold and Silver 2017
Gold likes to print false reversals to sucker in longs too early. I'm not convinced the daily cycle has bottomed yet.
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Wednesday, May 10, 2017
Precious Metals Bottoming In The Upcoming Week? / Commodities / Gold and Silver 2017
By Avi Gilburt : First published on Saturday May 6 for members of ElliottWaveTrader.net: Last week, I noted that we still likely have lower levels to strike in this complex, but that I expect the market to set up a bottom very soon. I still maintain that expectation as I write this.
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Wednesday, May 10, 2017
Gold: A Tsunami of Selling, Gold Stocks Buying Opportunity of the Decade / Commodities / Gold and Silver Stocks 2017
A chain reaction is forming the last great gold stock buying opportunity of the decade, says Lior Gantz, editor of Wealth Research Group.
want you to take a close, hard look at this chart:
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Wednesday, May 10, 2017
5 Clean Energy Innovations That Could Transform Our World / Commodities / Renewable Energy
By Zainab Calcuttawala - Innovations in energy storage, smart grid, and electricity generation technologies will affect every part of the source-to-consumer supply chain for powering the planet. Energy storage tech improves the viabilities of wind and solar power – two energy sources that remain cost prohibitive due to expenses related to batteries that would store generated energy. Smart grids will regulate the movement of energy throughout a city or state, insuring the areas from crippling blackouts. Developments in electricity generation make sure we make the most out of fossil fuels and other energy sources to improve efficiency.
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Tuesday, May 09, 2017
How Much Is Gold Really Worth? / Commodities / Gold and Silver 2017
How much is gold really worth? The answer we get depends on who we ask and what their opinion is.
Everyone has an opinion as to what something is worth, whether the object of consideration is their home, a late grandfather’s pocket watch, or a specific stock. In that respect, gold is no different.
The price of a specific item or asset at any given time is a reflection of all those varying opinions. Some are based on fundamentals, some are based on technical factors. But the combination of all the opinions, and the resulting expectations (some expect the price to go up, others expect it to go down or remain the same), plus all of the other known factors at the time that might possibly impact the price, provide us with the clearest possible indication of current value for the item in question: its market price.
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Tuesday, May 09, 2017
Commodities Trading and Investing: Inside Look at 18+ Top Markets / Commodities / Commodities Trading
Dear reader,
Our partners at Elliott Wave International, the world’s leader in Elliott wave analysis since 1978, have some exciting news!
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Tuesday, May 09, 2017
Bull Run for Gold Sheer Fantasy or is it Forming the Base for the Next Up Leg? / Commodities / Gold and Silver 2017
A complex system that works is invariably found to have evolved from a simple system that works. John Gall
The Gold bugs and Gold experts must be going through hell; almost seven years later and the Gold Markets refuse to follow the path these individuals have laid out for it. Proclamation after proclamation has failed, and the detested dollar much to their angst and surprise has continued to trend higher. Inflation has not taken off as they expected; well at least based on the distorted figures the government issues. The masses believe this data is real and that is all that matters in the end. Truth or a lie is based on a perception and perceptions are driven by emotions, which means that everything is up for debate. What holds true today might not hold true tomorrow or what is deemed valid today might be deemed as rubbish tomorrow.
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Tuesday, May 09, 2017
Gold Will Soar to $8000 as We Return to the 1970's Style Inflation / Commodities / Gold and Silver 2017
By Peter Ginelli : In 1977 I started my first year in college. Our newly elected president Jimmy Carter, had been sworn into office just a short time earlier and things were pretty normal. America was still trying to put President Nixon and Ford's Watergate era behind and start fresh with a newly elected president who had no connection with that national scandal. Much like today with the election of president Donald Trump, the American people were filled with hope that Jimmy Carter will bring in the much needed change after a long period of uncertainty and national crisis.
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