Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, January 17, 2017
Rally in Gold and Gold Stocks Has More Upside / Commodities / Gold and Silver 2017
Gold and Gold stocks have rallied as expected and the consolidation in the miners in recent days looks bullish. GDX and GDXJ have digested the recent recovery quite well as Gold is testing resistance around $1200/oz. While the price action portends to more gains so does the breadth in the miners as well as short-term structure in the US$ index and bond yields.
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Tuesday, January 17, 2017
Damage Inflicted by Precious Metals Manipulation Is in the “Multi Billions” - Keith Neumeyer / Commodities / Gold and Silver 2017
Mike Gleason (Money Metals Exchange): It is my privilege now to bring in Keith Neumeyer, founder and CEO of First Majestic Silver Corp, one of the top silver mining companies in the world. Keith has an extensive background in the resource and finance sectors and has also been an outspoken voice about the manipulation that has been occurring in the futures market pricing of silver.
It's a real privilege to have him on with us again today. Keith, thanks so much for joining us and welcome back.
Mike Gleason: It is my privilege now to bring in Keith Neumeyer, founder and CEO of First Majestic Silver Corp, one of the top silver mining companies in the world. Keith has an extensive background in the resource and finance sectors and has also been an outspoken voice about the manipulation that has been occurring in the futures market pricing of silver.
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Tuesday, January 17, 2017
Gold Price Forecast 2017 Update - Video / Commodities / Gold and Silver 2017
The gold price bottomed on the 15th of December 2016 at $1124.30 since which entered an uptrend that has taken the precious metal to its recent high of $1207, apparently catching many gold bugs asleep at the wheel, many of whom had publically thrown in the towel due to the failure of Gold to perform post Trump, but most recently have been busy scrambling to play catch up as the price homed on on $1200.
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Monday, January 16, 2017
New Oil Drilling Technology Will Soon Spark an Explosion of Oil Stocks Sector / Commodities / Oil Companies
Energy stocks have been tearing higher since the election on bets that the Trump administration will relax environmental restrictions and open more federal lands to oil and gas drilling. Crude oil’s staying north of $50 hasn’t hurt, either.
It is up there in part because OPEC threw in the towel and agreed to production limits. Unfortunately for OPEC, those limits don’t apply to US and Canadian shale producers. And the history of OPEC is that they all cheat like crazy, anyway.
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Monday, January 16, 2017
Physical Gold Market Will Trump Paper Gold / Commodities / Gold and Silver 2017
John Hathaway of Tocqueville Funds says the physical gold market will defeat the paper gold market leading to a much higher price for the monetary metal in the coming months and years in his Tocqueville Gold Strategy Investor Letter (Fourth Quarter 2016 Investor Letter):
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Monday, January 16, 2017
Gold Price 2017 Trending Towards $1375 as Forecast / Commodities / Gold and Silver 2017
The gold price hit bottom at $1124.30 on the 15th of December 2016 following which it entered an uptrend that has taken the precious metal to a recent high of $1207, all this whilst apparently many gold bugs were asleep at the wheel having publically thrown in the towel due to the failure of Gold to perform, and most recently have been busy scrambling to play catch up.
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Friday, January 13, 2017
Big Gold Buying Coming 2017 / Commodities / Gold and Silver 2017
Gold has hit the ground running in this young new year, a stark contrast to its brutal post-election selloff. Rather remarkably, these strong recent gains accrued despite literally zero buying from one of gold’s most-important constituencies. The American stock investors who almost single-handedly fueled gold’s strong bull market last year are still missing in action since the election. That means big gold buying is still coming.
All free-market prices, including gold’s, ultimately result from the balance between popular supply and demand. When supply outweighs demand as evidenced by investment-capital outflows, gold is forced lower. That’s exactly what happened after Trump’s surprise win in early November. When investors flee gold for any reason, including chasing record-high stock markets, the resulting oversupply really hits prices.
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Friday, January 13, 2017
A Bullish Case for Gold 2017 / Commodities / Gold and Silver 2017
Dear Parader,
This week, I am happy to present an article by dear friend and business partner Olivier Garret, who makes the case for gold under President Trump.
While Olivier is biased, given he founded the Hard Assets Alliance, I think you’ll find his logic is sound.
My personal concern remains the strength of the US dollar. “The Super-Dollar” is the lead story in the current edition of Compelling Investments Quantified, our premium—and very profitable—monthly investment letter.
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Friday, January 13, 2017
Gold and Silver Off To Shining Start to 2017 / Commodities / Gold and Silver 2017
Bitcoin stole the headlines in the first week of 2017, rising nearly $200 in the first two days of the year before swiftly giving back those gains and more since.
Quietly, however, gold and silver have gotten off to an excellent start to the year.
Gold began the year at $1,154 and has rarely looked back, rising to over $1,200 on Thursday.
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Friday, January 13, 2017
Gold Current Wave [B] – Long to 1550 / Commodities / Gold and Silver 2017
Enda Glynn writes: My Bias: Long towards 1550
Wave Structure: ZigZag correction to the upside.
Short term wave count: Upside from 1120~, target 1500
Long term wave count: Topping in wave (B) at 1500
Important risk events: USD: Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Core PPI m/m, FOMC Member Harker Speaks, Prelim UoM Consumer Sentiment.
Friday, January 13, 2017
Gold’s Fundamental Outlook for 2017 / Commodities / Gold and Silver 2017
Predicting, especially the future, is very difficult. Still, let’s try to figure out what investors should expect from the gold market next year. For sure, in the long run, the price of gold will mainly depend on the U.S. dollar, the real interest rates, and the market uncertainty. How will these factors develop and affect the gold market?
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Thursday, January 12, 2017
Gold Rallies To $1,207 After Trump Press Conference Shambles / Commodities / Gold and Silver 2017
Gold has rallied to $1,207/oz today as stocks globally have weakened after the first press conference of incoming President Trump turned into a bit of a debacle.
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Thursday, January 12, 2017
Crude Oil Prices Running Out Of Reasons To Rally / Commodities / Crude Oil
Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam.
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Wednesday, January 11, 2017
Gold Is Cheap Insurance No Matter What the Fed Will Do / Commodities / Gold and Silver 2017
By Olivier Garret : Gold prices have dropped from $1,340 an ounce in September to around $1,130 as of this writing. The cause is the strengthening USD and the recent rally in the US stock market that followed Trump’s surprise victory.
Plus, most people now expect at least a few rate hikes by the Fed. Gold rarely fares well in a rising real rates environment. Many investors wonder if gold has entered a lasting bear market. Or if this is the time to buy while prices are low.
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Wednesday, January 11, 2017
The Recent Up-Trend in Gold Price is Temporary… Overall Trend is Still Down for 2017 / Commodities / Gold and Silver 2017
Twenty-two radio interviews for the new book, 10 of them live.At this point, my voice is tired. So are gold sellers.
Gold peaked at $1,934 in September of 2011 – the last major commodity to peak in the 30-year cycle that first peaked in mid-2008.
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Wednesday, January 11, 2017
Prince Owned Land and Gold Bars Worth $800,000 / Commodities / Gold and Silver 2017
Gold Bars Worth $800,000 Owned By Prince
Prince, RIP, owned gold bars worth just over $800,000 according to the statement filed in a Minnesota court last Friday.
At the time of his death, Prince had taken delivery of and had in his possession 67 gold bars, 10 ounce gold bars, valued at $836,166.70. That’s according to an asset inventory compiled by Bremer Trust released by the Carver County District Court, as first reported by the Minneapolis Star Tribune.
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Tuesday, January 10, 2017
Gold Prices Are Being Hacked / Commodities / Gold and Silver 2017
By Clint Siegner : Major U.S. and international banks cheat their customers and rig markets. Revelations have been piling up since the 2008 financial crisis. Hundreds of billions have been paid in fines, penalties, and settlements. The fraud, price manipulation, lying, and theft – once considered conspiracy theories – are now incontrovertible conspiracy facts.
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Tuesday, January 10, 2017
Gold Price In GBP Rises 4% On Brexit and UK Economy Risks / Commodities / Gold and Silver 2017
– Pound fell 2% against gold yesterday after Theresa May created Brexit concerns
– May’s ‘Hard Brexit’ denial does not calm markets growing fears
– Investors concerned about lack of government strategy and uncertainty
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Tuesday, January 10, 2017
The No.1 Energy Stock To Buy Right Now / Commodities / Energy Resources
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Monday, January 09, 2017
Frank Holmes: Gold Rally Extremely Likely in January and February / Commodities / Gold and Silver 2017
Mike Gleason (Money Metals Exchange): We are fortunate today to be joined by Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Just recently Mr. Holmes received another award from the Mining Journal and was named America's Best Fund Manager for 2016, one of many awards he's received now in the mining industry for his fantastic track record. He is also the co-author of the book The Gold Watcher: Demystifying Gold Investing and is a regular guest on CNBC, Bloomberg, Fox Business, as well as right here on the Money Metals Podcast.
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