Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Friday, October 07, 2016

Sterling Gold Surges 5% In One Minute “Flash Crash” – Up 1.7% In Week As Gilts Sell Off / Commodities / Gold and Silver 2016

By: GoldCore

Sterling gold surged 5% in less than a minute overnight in Asia with prices rising from £994/oz to £1,043.40/oz as sterling had a massive “flash crash.” Sterling plummeted in the second biggest fall in its history – only slightly less than the collapse after the Brexit vote.

Despite gold’s peculiar, sharp fall in dollar terms on Tuesday and 4.1% loss for the week, sterling gold is another 1.7% higher this week – from £1,010/oz to £1,027/oz –  again showing gold’s importance in hedging against currency devaluation.

Friday, October 07, 2016

Gold Bull Still Intact, Use Pullback to Accumulate / Commodities / Gold and Silver 2016

By: The_Gold_Report

This week's drop in the gold price has spooked many investors, says money manager Adrian Day, who provides his perspective on the volatility.

Friday, October 07, 2016

Gold Mining Shares in a World of Hurt / Commodities / Gold and Silver Stocks 2016

By: Dan_Stinson

The HUI is coming unglued on the charts with the index falling below long term chart support at the 200 day moving average in today’s session. It had not been below that key technical indicator since early February of this year.

We are also now seeing the 50 day moving average and the 100 day both moving lower.

Thursday, October 06, 2016

Gold’s Second Waterfall Drop this Week / Commodities / Gold and Silver 2016

By: Michael_J_Kosares

We do not often find ourselves jogging the same track as the redoubtable Dennis Gartman who commands untold premiums for his advice, but now, it seems, he is verifying our suspicion of two days ago (Please see “Gold’s waterfall drop might be associated with the big drop in British sterling”) that something is amiss in London gold trading circles.  Here is today’s chart – a second waterfall move in the gold market coincident with a second swan dive for the pound and Gartman’s take (snipped from ZeroHedge).

Thursday, October 06, 2016

Crude Oil Price Double Top or Further Rally? / Commodities / Crude Oil

By: Nadia_Simmons

Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective. In other words, we think that taking profits off the table and closing the previous long positions is a good idea.

On Tuesday, crude oil gave some of earlier gains after news that Iran and Libya have continued to increase production. In these circumstances, light crude slipped to the previously-broken resistance zone, but then closed the day above it. Is this a verification of the breakout?

Thursday, October 06, 2016

Gold Price to Rally $80 into October 14th? / Commodities / Gold and Silver 2016

By: Brad_Gudgeon

I admit I missed the GDX move down to 22.93 today, but at the same time it has presented itself with a great opportunity. The chart below is predicting GDX 29.84 by October 14. I am now leveraged, extremely leveraged with options for a strong rally ahead in gold and GDX.

A lot of negative bias now in the precious metals complex has me thinking the other way: and that is a massive short covering rally ahead. The e-wave look and cycles suggest the same. The "nonfarm payrolls report" on Friday could be (likely) the catalyst.

Thursday, October 06, 2016

Projecting The Consolidation in Precious Metals Mining Stock Indices / Commodities / Gold and Silver Stocks 2016

By: Rambus_Chartology

Tonight I would like to start off the Wednesday Report by looking at our current bull market in the HUI. I’m going to try and show you how our current setup is what one would expect in a bull market.

A stock or stock market does one of three things. First, it’s building out a reversal pattern that will reverse the current trend. Second, it’s building out a consolidation pattern that is consolidating the current trend. Third, the price action is impulsing after breaking out of either a reversal pattern or consolidation pattern. This is how markets works.

Thursday, October 06, 2016

Gold for When Markets Go Bump in the Night / Commodities / Gold and Silver 2016

By: Michael_J_Kosares

“Gold has worked down from Alexander’s time. . .When something holds good for two thousand years, I do not believe it can be so because of prejudice or mistaken theory.” – Bernard Baruch

We should not be surprised that the long-standing troubles at Deutsche Bank would appear to be coming to a head now. For global financial centers, October is often the cruellest month – a time when stock markets and whole economies have been known to go bump in the night. The Panic of 1907, the Crash of ’29, Black Monday 1987, the Friday the 13th crash 1989, the Asia Crisis of 1997, the downturn of 2002 and the launch to bear market in 2007 – all took place in the month of October.

Wednesday, October 05, 2016

Gold Buying ‘Opportunity’ After Surprise 3.4% Drop / Commodities / Gold and Silver 2016

By: GoldCore

“Gold rebounded after the biggest drop in more than a year as investors reminded themselves of a world that’s beset by risk, from the prospect of further currency weakness to the final stretch of the U.S. presidential election,” according to Bloomberg today.

Wednesday, October 05, 2016

Gold Price Plunges on Rate-Hike Fears / Commodities / Gold and Silver 2016

By: The_Gold_Report

Gold fell below $1,300 today for the first time since the Brexit vote in June, as the dollar index rose to a two-month high.

Gold fell below $1,300 today for the first time since the Brexit vote in June, as the dollar index rose to a two-month high. At press time, gold was down $42, at $1,270.

Tuesday, October 04, 2016

Key Breakdowns after Silver’s Final Reversal / Commodities / Gold and Silver 2016

By: P_Radomski_CFA

The end of the previous week was rich in signals as gold, silver and mining stocks all reversed along with the USD Index. Gold closed the week below the rising support line and the implications should not be ignored even by those who usually focus on fundamentals alone.

Why? Because in the short- and medium term, the important technical developments will shape the price – not the fundamentals. Why should one care? In early 2008 silver was priced above $20 and in late 2008 it was priced below $10, even though the fundamental outlook didn’t change. Similar price swings can make a lot of money for those who pay close attention to what’s going on – but knowing about positive fundamentals is not enough.

Tuesday, October 04, 2016

Assessing the Short-Term Outlook for Gold and Silver and the Miners / Commodities / Gold and Silver 2016

By: The_Gold_Report

Precious metals expert Michael Ballanger assesses the gold-silver ratio and its ramifications for the market.

I want to go on the record and state categorically that, in my opinion, technical analysis is of limited value when trying to predict the short-term movements of precious metals. However, there are millions of traders and investors out there who believe that it does work despite interventions, manipulations, and the ability of the bullion banks to fabricate a surrogate for actual physical gold by way of paper futures. In light of that, the short-term technical set-ups for gold and silver and the miners are all different in that after Friday's month-end bombardment, which originated in the London options market, that formidable uptrend line that began in December 2015 has finally been vanquished.

Tuesday, October 04, 2016

NIRP is the Fuel that Will Rocket Gold Price to $5,000 or Higher / Commodities / Gold and Silver 2016

By: Graham_Summers

For decades, the primary argument by Warren Buffett and other financial elites for not owning gold was that “gold doesn’t pay you anything.”

Once the ECB took interest rates to NIRP in 2014, this argument became null and void. In a world in which bonds are charging you to hold them, gold with its ZERO yield has become attractive as an investment.

Tuesday, October 04, 2016

Are U.S. Banks Safer Today Than They Were In 2008? / Commodities / Banking Stocks

By: Chris_Vermeulen

Although the seeds of the 2008 ‘financial crisis’ were sown at a much earlier period of time, the banking institutions continued to reap the benefits of ‘easy money’ until the financial crisis of 2008 negatively impacted the economy. The damage would have been much larger had U.S. taxpayer’s money not been used to bail out a large number of struggling banks and companies.

Monday, October 03, 2016

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By: EWI

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Monday, October 03, 2016

Gold Price Reversal / Commodities / Gold and Silver 2016

By: Bob_Loukas

The Gold market continues to be lethargic.  Two weeks ago, negative rumblings about Deutsche Bank pushed Gold higher out of the Half Cycle Low.  But the move quickly stalled on a gold price reversal, ensuring that the current Daily Cycle (DC) would remain Left Translated.

Gold’s current sluggishness is not unexpected, however.  18 weeks into any Investor Cycle should see sellers largely controlling the action, and I’d expect that to be the case with Gold until it finds an Investor Cycle Low (ICL).

Monday, October 03, 2016

Sterling Gold Rises 1.3% as Sterling Slumps On ‘Hard Brexit’ Concerns, Up 36% YTD / Commodities / Gold and Silver 2016

By: GoldCore

Sterling gold rose 1.3% today as sterling slumped again after the UK set a March deadline to start their ‘Brexit divorce’ proceedings from the European Union and on deepening nervousness regarding a ‘Hard Brexit’.

Sunday, October 02, 2016

Gold And Silver – Qrtly, Monthly Charts. Last Weekly Commentary / Commodities / Gold and Silver 2016

By: Michael_Noonan

This will be our last weekly commentary on the markets. What we know for certain is that the globalists have a stranglehold on the markets, and more importantly, a stranglehold on all Western nations to the point where life has become a theater of the absurd, negatively and without an end in sight.

We have been leaning in this direction for some time. Time off at the end of August, when access to a computer and news was limited to an hour a day, and we chose to use only a small portion of the allotted time, drove home the point, or more appropriately the pointlessness of what is going on all around the world.

Sunday, October 02, 2016

Precious Metals Complex Monthly Charts Argue for Lower Prices / Commodities / Gold and Silver 2016

By: Jordan_Roy_Byrne

The trading month doesn't always end on a Friday but when it does we like to take a look at the monthly charts. Generally, I prefer daily and weekly charts because they have more data points. However, monthly charts carry more significance than weekly charts which carry more significance than daily charts. You get the point. One reason and a good reason we expect the current correction to continue is the sector monthly charts.

Friday, September 30, 2016

Silver Way Undervalued / Commodities / Gold and Silver 2016

By: Zeal_LLC

After rocketing higher mid-year, silver has spent most of the third quarter drifting sideways to lower.  This has naturally weighed on sentiment, with investors and speculators alike growing more bearish during recent months.  Yet silver remains way undervalued relative to its primary driver gold, so silver’s young bull market is far from over.  This metal’s upside from here is still massive as it mean reverts higher with gold.

Silver has always been exceptionally volatile, which is partially a function of this market’s relatively-small size.  The world’s leading authority on global silver supply and demand is the venerable Silver Institute.  It reported total worldwide silver demand of 1170.5m ounces in 2015.  At last year’s average silver price of $15.68, that works out to an annual market value of $18.3b.  That’s practically a rounding error!