Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, September 13, 2016
Sorry, You Can’t Have Your Gold - Own Physical, Allocated Gold / Commodities / Gold and Silver 2016
“Sorry, You Can’t Have Your Gold” by Jeff Thomas via InternationalMan.com
In this publication, we warn regularly of the risk involved in storing wealth in banks. They’ve made the removal of your deposits increasingly difficult in addition to colluding with governments to allow them to legally freeze or confiscate your money.
To add insult to injury, they’re creating reporting requirements with regard to the contents of safe deposit boxes and restricting what can be stored in them – again, at risk of confiscation.
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Tuesday, September 13, 2016
Gold Boom! End Game Nears As Central Banks Buying Up Gold Mining Companies! / Commodities / Gold and Silver 2016
When you watch mainstream media or listen to central bankers, gold is constantly deemed to be the redheaded stepchild of the investment industry.
Just that alone, is unbelievable, considering that gold has been one of the best performing investments of the 21st century. On December 31st, 1999, gold closed at $290.25. As of today it is trading at $1327.80.
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Tuesday, September 13, 2016
Correction in Gold and Silver Markets Continues / Commodities / Gold and Silver 2016
Technical analyst Jack Chan charts the latest moves in the multiweek correction in the gold and silver markets.
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Tuesday, September 13, 2016
Gold and United States Imported Oil / Commodities / Crude Oil
The US has imported crude oil for many decades. The following data (1970 – 2015) comes from the Energy Information Administration of the US government. This data shows reported barrels of crude oil imported into the US.
(Note: This is not a comprehensive analysis of imported energy, nor does it compensate for exports of crude oil, imports or exports of coal, natural gas or other energy sources.)
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Tuesday, September 13, 2016
Silver Will Be A Top Performing Asset In The Next Financial Crisis / Commodities / Gold and Silver 2016
The much awaited Jackson Hole speech by the Fed Chair Janet Yellen – and the subsequent nonfarm payrolls data failed to ignite the prospects of a rate hike this September of 2016. The market now forecasts only a 21% probability of a rate hike in this month, according to the CME FedWatch Tool. The probability of a rate hike in December of 2016 stands at just above 50%.
Time and again, I have explained why the Fed cannot hike rates in 2016. Contrary many market experts, my view has stood the test of time and has come to fruition. According to my research, the chances of a rate hike in December of 2016 are also very bleak. Nonetheless, the Fed speakers will continue to “jawbone” the dollar, the way they have been doing for the whole year.
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Sunday, September 11, 2016
Gold vs Stocks: The New Normal / Commodities / Gold and Silver 2016
Stock prices have always been deemed to have an inverse relationship with the price of gold mainly because unlike the yellow metal, investors tend to fancy them when global economies are doing well. Gold is often seen as a fallback plan when things go caput in the stock market.
Stocks are income driven and if the economy is doing well, then equity prices are likely to improve to mirror the change in the overall economic outlook. Income driven investments tend to provide better returns than currency investments in a strong economy.
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Sunday, September 11, 2016
Gold and Gold Stocks Correction Continues / Commodities / Gold and Silver Stocks 2016
The failure of Gold and gold stocks to sustain recent gains coupled with a strong selloff to close the week dashes any hope that the correction ended last week. The charts and probabilities argue that the sector remains in a larger correction and perhaps has started the C portion of a typical A-B-C (down-up-down) correction.
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Saturday, September 10, 2016
GDX Stocks Update.. : Welcome to “The Zone” / Commodities / Gold and Silver Stocks 2016
Welcome to PM Trader’s Nightmare.
We’ve been following the GDX as a proxy for the rest of the PM stock indexes which is showing the on going correction or consolidation phase of the first big move up off the January low. This first daily chart shows the unbalanced double top which is the first reversal point in this new consolidation phase. The double top has a price objective down to the 24.50 area which was almost touched late last week. As you can see the double top trendline has held resistance on two separate occasions with the second one taking place this week. At this point we still don’t have a confirmed low which could launch the second reversal point to the upside yet. The price action is in the middle of no man’s land presently.
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Saturday, September 10, 2016
Gold And Silver Are Money. Everything Else Is Debt. Globalist’s Biggest Scam / Commodities / Gold and Silver 2016
Last week, in “Fiat ‘Dollar’ Says Gold And Silver Will Struggle,” we said the following:
[See 4th paragraph]
Money does not exist in this country. In fact, money does not exist anywhere in the world. What is money? So few people know, and many who profess to know do not. Money is a commodity with a recognized value. Gold and silver remain the last known standard of real money. Remember J P Morgan’s famous words: “Gold is money. Everything else is credit.”
The globalists, through their creation of the Federal Reserve, have sold the biggest lie ever to the world and continue to get away with it. People everywhere believe the fiat-created Federal Reserve Note, falsely called the “dollar,” is actually a monetary dollar. We have often stated how Federal Reserve Notes are evidences of debt issued by the Fed. We also always add that debt is not and can never be money, yet almost every American wrongly believes debt is money because they believe the Fed “dollar” is money.
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Friday, September 09, 2016
Gold Stocks Massive Price Correction / Commodities / Gold and Silver Stocks 2016
Gold stocks have suffered a terrible month, plunging in a serious selloff. The resulting carnage has left investors and speculators shaken, wondering if this red-hot sector’s blistering new bull this year has already run out of steam. These fears are misplaced, as massive corrections are common in major gold-stock bulls. They create bulls’ best buying opportunities in sentimental, technical, and fundamental terms.
It’s easy to understand why gold-stock sentiment is so bearish today, as this sector has been trashed since early August. In less than a month the gold miners went from 2016’s overwhelmingly-dominant top-performing sector to bear-market-grade losses! Falling from heroes to zeroes in such a short span of time is enough to test the resolve of even the most-hardened contrarians. It’s a tough turn of events to weather.
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Friday, September 09, 2016
Gold During Presidential Election Cycle / Commodities / Gold and Silver 2016
Let’s analyze the chart below which shows how gold performed each year of the presidential election cycle. The first year of a presidency is a post-election year, the second is called the midterm election year, the third is the pre-election year, and the last year is an election year. For the yellow metal, the post-election year is the worst, as it gains only 2.27 percent, on average. On the contrary, the second year of the presidency is the best for the price of gold, as the shiny metal rallies 12.82 percent, on average. The pre-election (11.21 percent) and election (8.99 percent) years are between, but gold’s highest performance is evidently closer to the midterm year.
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Friday, September 09, 2016
Sugar Price Set To Correct / Commodities / Agricultural Commodities
The sugar price has experienced a solid move up off the lows putting in a high back in July at $21.10. Since then price looks to be in a process of distribution and I expect a more substantial correction to take place.
Let's take a bottom up approach to the analysis beginning with the daily chart.
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Friday, September 09, 2016
Gold Has Biggest One Day Rally Since Brexit As Elites Rush Into Gold / Commodities / Gold and Silver 2016
The multi-day Brexit gold surge back in June was the biggest upward move since 2008 with gold rallying 4.5% the day after the vote. Yesterday, gold had its biggest one-day rally since, rising 1.6%.
This came on the back of Goldman Sachs revising its September rate hike odds down to 40% from its previous 55% prediction just a few days earlier, and the release of deteriorating manufacturing numbers.
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Thursday, September 08, 2016
The Next Sector To Recover From The Oil Price Crash / Commodities / Crude Oil
Oilfield services, shipbuilders and other industries that rose with the pre-2014 oil price boom have had it hard. Since barrel rates fell, their previous patrons have become uninterested in doling out major purchase orders, leaving oil and gas equipment manufacturers without revenues.
A recent report by Arkansas Online says the energy industry’s support sector could feel the effects of low oil prices for up to two years after the current bear market recovers.
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Thursday, September 08, 2016
Three Large Gold Miners That Are Still Inexpensive / Commodities / Gold and Silver Stocks 2016
Money manager Adrian Day profiles three large miners in his portfolio that have had success solving problems yet are still inexpensive.
Goldcorp Inc. (G:TSX; GG:NYSE 16.02) has had a tough year. After reporting a year-end loss of $4.1 billion due to writing off and down various projects—a supposed clearing of the decks for the new CEO David Garofalo—the recent results were not so positive. Production was down year-on-year, due to shortfalls and problems at its two largest mines, Peñasquito and Cerro Negro.
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Thursday, September 08, 2016
The Sidelines Could Be More Dangerous for Investors Than Getting on the Field / Commodities / Gold and Silver 2016
A year ago at this time, it was hard for investors to find available inventory for the most popular silver products – as well as some gold coins. Premiums for the silver American Eagle reached nearly $6.00 per coin. Mints and refiners couldn’t keep up with demand, and long lead times became par for the course across the silver product line.
Today, retail buying of physical silver has slowed considerably. There is lots of inventory in dealer vaults and the number of bullion investors looking to sell is on the rise.
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Wednesday, September 07, 2016
Silver Bullion Surges 3.5% To Over $20 Per Ounce / Commodities / Gold and Silver 2016
Silver surged 3.5% yesterday rising 65 cents and closing at $20.04/oz and gold rose by 2% or by $23 to close at $1,348.80/oz after poor economic data in the U.S. underlined deepening concerns about the economic and indeed the monetary outlook.
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Wednesday, September 07, 2016
Gold Price In Excess Of $8000 While US Dollar Collapses / Commodities / Gold and Silver 2016
The US Dollar Index is not a measure of the value of the US dollar relative to gold. However, there is a relationship between the US Dollar Index and gold price rallies.
The best gold price rallies came during periods where the US dollar index was in a declining trend.
During the 70s, for example, the US dollar index was in decline during the major gold rallies (1971 to 1974, and 1976 to 1980).
Wednesday, September 07, 2016
Despite Downturn, Silver Market Looks Positive / Commodities / Stock Markets 2016
Technical analyst Clive Maund charts the recent downturn in silver, but also sees reason to be optimistic about the market going forward.
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Tuesday, September 06, 2016
David Morgan Emphatically Makes Case for Owning Real Money outside the Banking System / Commodities / Gold and Silver 2016
Mike Gleason: It is my privilege now to be joined by our good friend David Morgan of The Morgan Report. David, I hope you've been having a good summer and welcome back. It's always a pleasure to talk to you.
David Morgan: Thank you very much, and yes, I have been having a wonderful summer. Thank you.
Mike Gleason: Well, as we begin here, David, please give us your thoughts on the recent pullback in the metals. We've maybe been overdue for a correction for a while now. I know in following your work, you've been calling for one, and we're getting it here. And after a fantastic first six or seven months of the year for gold and silver, we're finally starting to see some real selling pressure emerge. What is your take… what have you noticed during this mini-correction, and what are some of the reasons for the pullback?
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