Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Saturday, October 15, 2016
The Gold Manipulators Not Only Will Be Punished, They Have Been Punished / Commodities / Gold and Silver 2016
I have not gone off the deep end and joined the “community” of boosters, promoters, pompom waving cheering squads and general cult figures who you can just tell not only want you to adore gold, but in some cases need you to act on your adoration and buy gold or gold stocks. Read into that what you will, but the history of investors burned by the pitch, which tugs at peoples’ morals, sense of right and wrong and plain old common sense, is a long and storied one.
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Saturday, October 15, 2016
Gold is Oversold on Misplaced Expectations of a 2016 Rate Hike / Commodities / Gold and Silver 2016
Gold investors know that the metal has been under pressure due to expectations of a FED rate hike in 2016. Many believe that an increase in the FED funds rate would support the dollar and send prices for precious metals lower. This has been a key driver of the decline in the gold price to support at $1,250, the 200-day moving average.
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Saturday, October 15, 2016
Gold Stocks Corrections in Bull Markets / Commodities / Gold and Silver Stocks 2016
The gold stocks are clearly in correction mode. The large caps (HUI, GDX) have corrected 30% while the juniors (GDXJ) have held up well in comparison by correcting the same amount. Given a number of factors (the size of the previous advance, the recent technical damage, stronger US$ index and rising yields) the gold stocks should continue to correct and consolidate in a larger sense. To gauge a potential path forward we present a new analog chart and compare the current correction to those from past markets.
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Friday, October 14, 2016
Gold Stocks Screaming Buy / Commodities / Gold and Silver Stocks 2016
The gold miners’ stocks are suffering from universal and overwhelming bearishness today, with nearly everyone expecting further selling. That’s the natural reaction following this sector’s recent massive correction, which climaxed in one of its biggest daily plummets ever witnessed. But within bull markets, there’s no better time to buy aggressively than deep in a major selloff that’s riddled with great doubt and fear.
The core mission of speculation and investment is so simple even children can easily grasp it, buy low sell high. The great challenges arise not from understanding, but execution. Actually buying low then selling high in real markets is exceedingly unnatural and uncomfortable. It requires traders to overcome their own greed and fear to do the exact opposite of everything their own instincts are screaming to do.
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Friday, October 14, 2016
“Gold Is A Great Hedge Against Politicians” – Goldman Sachs / Commodities / Gold and Silver 2016
Gold has risen another 1.7% in British pound terms this week and is 1.8% higher in euro terms and is again acting as a hedge against currency devaluations, Brexit, eurozone and heightened political and geo-political risk in the UK, EU, U.S. and most of the world.
Gold is marginally higher in dollar terms this week after surging on the open in Asia on Sunday night. Gold quickly rose 1% from $1,251/oz to $1,264/oz as China and the Shanghai Gold Exchange (SGE) began trading again after being closed for the Chinese Golden Week.
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Friday, October 14, 2016
How Could Helicopter Money Affect the Gold Market? / Commodities / Gold and Silver 2016
Since the NIRP has not yielded the expected results – it could have actually weakened the condition of the banking sector and its ability to expand lending – a hot debate about the use of another weapon in the central banks’ heroic struggle with the deflationary pressure started. We mean of course helicopter money, also called monetary finance or money-financed fiscal programs. Supporters argue that it is a necessary option to revive economic growth and generate inflation, while opponents consider it a fancy name for printing money and monetizing fiscal deficits. Who is right and what does it imply for the gold market?
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Thursday, October 13, 2016
Tiptoeing Back into the Gold Miners / Commodities / Gold and Silver Stocks 2016
Precious metals expert Michael Ballanger explains why he sees a "bottom in the cards," and outlines a trading plan to capitalize on the turnaround.
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Thursday, October 13, 2016
The Structure and Future of Gold in the Investment and Monetary World / Commodities / Gold and Silver 2016
This article looks at factors that will affect gold and silver prices as we go forward. We have to say they are considerable and will lead to our conclusion that while the gold price has fallen through support below $1,300 and now stand at $1,250, we see the fundamentals taking the price back higher and much higher over time. Indeed we do see it rising through its all time peak in the next year and beyond. We will also highlight the fact that such a rise will occur in all currencies as they weaken against the gold price.
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Thursday, October 13, 2016
Sell Gold Now – Time To Liquidate Gold ETF, Pooled and Digital Gold / Commodities / Gold and Silver 2016
Sell Gold Now – A Note from GoldCore CEO Stephen Flood
It has never been more important to own gold as part of a diversified portfolio. The form your gold investment takes is just as important as owning it in the first place. ETFs and pooled gold may not be functional in extreme markets and may themselves be subject to systemic risk events.
We are living in extraordinary times and key to any investment plan that can weather the coming global financial storm is access to all important – liquidity.
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Wednesday, October 12, 2016
Gold and Crude Oil - General Stock Market Links / Commodities / Crude Oil
Without a doubt the most important event of the recent month (or even the recent years) was unexpected OPEC’s decision to limit its production to a range of 32.5-33.0 million barrels per day. The agreement reached in Algiers (which is expected to be implemented this year) improved oil investors’ sentiment and pushed the price of crude oil above the barrier of $50. But is it enough to break above the Jun peak? Is it possible that the relationships between crude oil, gold and the general stock market give us more clues about future crude oil’s moves?
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Wednesday, October 12, 2016
Gold and Silver Metals Show Strength Relative to the USD Index / Commodities / Gold and Silver 2016
Gold, silver and mining stocks moved higher yesterday, but the size of the rally was not huge and it was another day during which the PM sector didn’t decline. The back and forth movement and decreased volatility appear to be temporary as this kind of performance is something that we’ve seen during both consolidations and bottoms. Which way will the precious metals sector go?
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Tuesday, October 11, 2016
For How Long Can OPEC Talk Up Oil Prices? / Commodities / Crude Oil
Not a day passes without OPEC making oil and gas headlines, and today is surely no exception. Seemingly in lockstep with OPEC, the market is once again pacified on the promise that changes to the global oil supply glut are a' comin'.Yesterday, the Wall Street Journal quoted anonymous sources close to the matter who had it on good authority that the Saudi's were willing to cut "up to" 400,000 barrels per day (and that they had planned to do so all along, with or without an OPEC agreement). We can assume this figure is off August or September levels, which are near-record highs for the oil-rich country.
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Tuesday, October 11, 2016
Presidential Election and Bear 'Super-Cycle' Stifle Growth in Markets / Commodities / Gold and Silver 2016
Contrary to what a number of gold bugs have observed, other experts believe recent drops in the gold price are not a bull market correction, but rather reflect a market stuck in a commodity bear "super-cycle." Coupled with a gloomy end-of-year outlook for stock markets, precious metals and miners could be in for a rough Q4.
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Tuesday, October 11, 2016
What in the World Happened to Gold and Silver Prices Last Week? / Commodities / Gold and Silver 2016
By Clint Siegner : Gold and silver prices charged higher during the first 6 months of the year. They fell into a rut over the summer, and then hit the skids last Tuesday. Lots of bullion investors are wondering what in the world happened. There are three primary factors driving this price correction.Read full article... Read full article...
Monday, October 10, 2016
This Past Week in Gold / Commodities / Gold and Silver 2016
Technical analyst Jack Chan charts the latest movement in the gold and silver markets, noting the cycle has reversed down.
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Monday, October 10, 2016
Gold Trading COT Report “Means Lower – Then Much Higher – Prices Coming” / Commodities / Gold and Silver 2016
The gold trading Commitment of Traders (COT) report, released Friday, shows the peculiarly timed gold sell off and much needed wash out of speculative longs out of the gold futures market last week sets gold up for lower prices, prior to moving higher again.
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Monday, October 10, 2016
Gold and Silver PM Stocks Indices at an Emotionally Challenging Juncture / Commodities / Gold and Silver Stocks 2016
This past week there was some panic selling in the PM complex which is what we need to see happen to put in an important low. The HUI hit the 50% retrace at 195 for this first leg up in its new bull market, just under 200, which is an important physiological round number. Many times investor will place their sell/stops just under a round number like 40, 50 or 200 for instance, thinking if a stock drops below that important round number it’s time to exit that position. Many times a drop below these round numbers can be the reversal point for the next rally in the case of an uptrend.
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Monday, October 10, 2016
Gold – Commitments of Traders – hedge fund longs liquidate / Commodities / Gold and Silver 2016
Fortunately for we traders, the Commitments of Traders report did at least catch the big move lower on Tuesday of this week so we were able to get a peek inside the market to see what happened to those massive hedge fund long positions during this week’s meltdown in the gold price.
Here is the first chart. Hedge fund outright positions.
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Sunday, October 09, 2016
Gold Bull Markets Have Corrections / Commodities / Gold and Silver 2016
Human nature is nothing if not consistent. I’ve seen this dozens of times. At every single intermediate cycle low traders begin to doubt. No matter how strong the bull signals are, when a correction occurs traders find, or make up reasons for why the bear market is still in force or a new bear market is starting.
Folks, bull markets have to have corrections. They don’t signal the end of the bull, they are just profit taking events when price gets stretched too far above the mean, or when sentiment becomes too bullish.
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Saturday, October 08, 2016
Gold Bugs Great News - COT Report Playing Out As Usual, Means Lower Then Much Higher Prices Coming / Commodities / Gold and Silver Stocks 2016
This year’s recovery in precious metals prices – and the sudden spike in gold/silver mining stocks – convinced a lot of people that a new bull market had begun. Last week’s brutal smack-down scared the hell out of many of the same folks.
The latest commitment of traders (COT) report implies that we should all relax. Things are playing out pretty much according to a script that’s been in place for decades — and which points to happy times by early next year.
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