Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, August 26, 2016
GDX Has Just Made a Powerful Bull Flag / Commodities / Gold and Silver Stocks 2016
The GDX daily chart below shows a powerful xyz e-wave bullish flat that is projecting to 35.42 by September 1, two trading days past the Mercury Stationary/Retrograde date of August 30. As of August 25th, GDX has closed at 27.31 off the earlier low of 26.64. A 29% increase on GDX and a nearly 90% increase on NUGT in one week seems likely based on the information on the chart from the August 25th close!
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Friday, August 26, 2016
Could A Lithium Shortage De-Rail The Electric Car Boom? / Commodities / Lithium
We’ve gone electric, and there’s no going back at this point. Lithium is our new fuel, but like fossil fuels, the reserves we’re currently tapping into are finite—and that’s what investors can take to the bank.
You may think lithium got too popular too fast. You may suspect electric vehicles are too much buzz and not enough real future. You may, in short, be a lithium skeptic, one of many. And yet, despite this skepticism, lithium demand is rising steadily and sharply, and indications that a shortage may be looming are very real.
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Friday, August 26, 2016
Gold Futures See Massive $1.5 Billion “Non Profit” Liquidation In “One Minute” / Commodities / Gold and Silver 2016
Gold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a “non profit” liquidation – a large seller trying to manipulate gold futures lower rather than maximise profits.
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Thursday, August 25, 2016
Need-to-Know Tips for Safeguarding Your Precious Metals / Commodities / Gold and Silver 2016
Gold and silver investors have strong opinions about third-party storage of metals. Privacy, the lack of counterparty risk, and precious metals’ role as “crisis money” are among the most attractive features of physical bullion. So it is no surprise that many investors are totally committed to storing metals at home or someplace else that is both private and accessible 24/7.
We wholeheartedly agree with that sentiment and always recommend personal possession when it comes to at least some of your metals. However, there are a number of circumstances where third-party storage makes a heck of a lot of sense. Let’s take a look at the most common…
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Thursday, August 25, 2016
OPEC’s Output Freeze: What Has Changed Since Doha? / Commodities / Crude Oil
It’s possible that OPEC is crying wolf with hints of an output freeze next month in Algiers; but it’s also possible that they are ramping up production to take the sting out of a freeze. This is a delicate balancing act that the Saudis need to play very carefully.
The official chatter is that the OPEC meeting in Algeria from September 26 to 28 could conclude with an agreement to freeze production by the member nations, with even Russia joining forces in a freeze that may prevent further oil price erosion. But everyone’s a bit gun-shy after the false hopes of the last round in Doha—even if a freeze at levels that existed then wouldn’t have meant much either—and it’s hard to blame them. The question is, how many times can the Saudis cry wolf without forever losing the ability to leverage this chatter to affect a rise in oil prices?
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Wednesday, August 24, 2016
Crude and the Commodity Cycle / Commodities / Crude Oil
Over the years we have written many times about the 34-year commodity cycle. Generally commodities rise as a group in a 13-year bull market, which is followed by a 21-year bear market. Each specific commodity has its own particular cycle which generally fits within the broader 34-year commodity cycle.
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Wednesday, August 24, 2016
Precious Metals and Financial Blasphemy, Part 2 / Commodities / Gold and Silver 2016
Fiat money does not have any intrinsic value. What value it has depends on public confidence in the currency's issuer. Legal tender is any currency declared legal by a government. Many governments issue a fiat currency and then make it legal tender by setting it as the standard for repaying debt. – “Investopedia”
Hedging against a currency collapse is one of the primary reasons to hold precious metals is physical form.
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Tuesday, August 23, 2016
Suspicious Reversal in Gold Price / Commodities / Gold and Silver 2016
Gold moved lower early during yesterday's session, but came back up later on and finally gold ended the session only less than $3 lower. Can we view such a reversal as a bullish sign? Not necessarily – a reversal should be confirmed by high volume and yesterday's session wasn't. Consequently, one needs to look at other parts of the precious metals sector for confirmations.
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Tuesday, August 23, 2016
Germans Warned To ‘Stockpile’ Food, Water and Cash In Case Of ‘War’ / Commodities / Gold and Silver 2016
The German government is warning its people to ‘stockpile’ food, water and cash in case of ‘war’.
For the first time since the end of the Cold War, the German government is set to tell citizens to stockpile food, water, medicine, fuel and cash in case of war, an attack, catastrophe or “national emergency”, the Frankfurter Allgemeine Sonntagszeitung newspaper reported on Sunday.
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Tuesday, August 23, 2016
Gerald Celente Sees Worst Market Crash, New Military Conflict, Gold Spike to $2,000/oz / Commodities / Gold and Silver 2016
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up we’ll hear from Gerald Celente of the Trends Journal. Gerald has some extremely interesting comments on the upcoming presidential election, the bizarre disconnect between some dismal economic reports and the roaring stock market, and the key level he’s looking for for gold to break through on its way to new all-time highs. Don’t miss our interview with the outspoken Gerald Celente coming up after this week’s market update.
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Tuesday, August 23, 2016
China Announces New Loan In International Reserve Asset…Which May Affect Gold Price / Commodities / Gold and Silver 2016
The People’s Bank of China (PBOC) has received approval from the World Bank allowing its’ issuance of bonds which are denominated in Special Drawing Rights (SDRs). The World Bank is the first entity to approve of it and consequently marks the launch of the SDR bond market of the worlds’ second-largest economy.
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Tuesday, August 23, 2016
Gold, Silver, Miners: One More Rally Left? / Commodities / Gold and Silver 2016
The charts below of GLD and GDX show remarkable differences, at the same time there are similarities. GDX is coming into the 22 TD low due August 24 and we have Mercury Stationary/Retrograde due August 30. In the past, Mercury Stationary/Retrograde has marked an important top within a 2 trading day range of the actual date. In May of this year, it topped right on the exact date, May 2nd.
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Tuesday, August 23, 2016
“A Date Which Will Live in Infamy:” President Nixon’s Decision to Abandon the Gold Standard / Commodities / Gold and Silver 2016
Franklin Delano Roosevelt called the Japanese “surprise” attack on the U.S. occupied territory of Hawaii and its naval base Pearl Harbor, “A Date Which Will Live in Infamy.” Similar words should be used for President Nixon’s draconian decision 45 years ago this month that removed America from the last vestiges of the gold standard.
On August 15, 1971 in a televised address to the nation outlining a new economic policy entitled, “The Challenge of Peace,” Nixon instructed the Treasury Department “to take the action necessary to defend the dollar against the speculators.”*
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Monday, August 22, 2016
WTI Crude Oil Pattern Still on Target for Higher Prices / Commodities / Crude Oil
Since our last article WTI has behaved perfectly, clearing all our daily hurdles. Our longer term patterns show the strong possibility of a rise to $60+ during the second half of this year before a further decline in to 2017.
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Monday, August 22, 2016
Precious Metals and Financial Blasphemy, Part 1 / Commodities / Gold and Silver 2016
“...legitimate powers of government reach actions only, & not opinions, I contemplate with sovereign reverence that act of the whole American people which declared that their legislature should 'make no law respecting an establishment of religion, or prohibiting the free exercise thereof,' thus building a wall of separation between Church & State. Adhering to this expression of the supreme will of the nation in behalf of the rights of conscience, I shall see with sincere satisfaction the progress of those sentiments which tend to restore to man all his natural rights, convinced he has no natural right in opposition to his social duties.” ― Thomas Jefferson, Letters of Thomas Jefferson
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Sunday, August 21, 2016
Another Billionaire Goes All In On The “Barbarous Relic” Gold While Mainstream Media Remains Silent / Commodities / Gold and Silver 2016
Billionaire Crispin Odey recently released a management letter to his hedge fund clients praising gold and explaining gold products constituted the next, great investment wave.
He is yet another in a wave of billionaires who have all, suddenly, been moving massive portions of their portfolio into gold… with one of the latest being George Soros, who moved a significant amount of his portfolio into gold just a few months ago.
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Sunday, August 21, 2016
Precious Metals Markets : Zoom Out / Commodities / Gold and Silver 2016
When looking at the short term minute charts things look very volatile in the precious metals complex but the further you look back in time the less volatile the price action becomes. If one is a day trader then the minute charts are the ones to focus in on but if you’re an intermediate term trader perspective is everything.
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Saturday, August 20, 2016
Silver Analysis / Commodities / Gold and Silver 2016
As I have been noting of late, both gold and silver have been trapped in sideways trading patterns for some time now, meaning that there really has not been a whole lot worth saying about the price action in either metal.
That MIGHT POSSIBLY be changing in regards to silver. The reason is simple – price is down at the very bottom of the sideways trading range that has been intact for nearly seven weeks.
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Saturday, August 20, 2016
Gold Stock Technicals During Dog Days of Summer / Commodities / Gold and Silver Stocks 2016
The gold stocks are trading around their highs but have failed to breakout this August. Is that due to the dog days of summer, the upcoming Fed conference or something else? We aren’t sure and don’t think it matters a great deal anyway. With that said, let’s delve into the current technicals.
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Friday, August 19, 2016
Gold Miners Q2 2016 Fundamentals / Commodities / Gold and Silver 2016
The gold miners’ stocks have skyrocketed this year as investors started returning to this long-abandoned sector. Many have tripled, quadrupled, or even quintupled since mid-January alone! But are such epic gains fundamentally justified? Much insight into this crucial question for investors can be gleaned from the gold miners’ latest quarterly financial and operational results. Their Q2 reports just finished coming in.
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