Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, June 30, 2016
Gold, Silver, Bonds and Stocks Path Towards Inflation / Commodities / Gold and Silver 2016
Yes, it’s another inflation post going up even as inflation expectations are in the dumper and casino patrons just cannot get enough of Treasury and Government bonds yielding 0%, near 0% and below 0%.
Feel free to tune out the lunatic inflation theories you’ve found at nftrh.com over the last few weeks. But if by chance you do want to look, here’s a visual path we have taken to arrive at the barn door, behind which are all those inflated chickens, roosting and waiting. All sorts of animals will get out of the barn if macro signals activate.
Read full article... Read full article...
Thursday, June 30, 2016
Silver Surges, Up 16% In Dollars In Month as Breaks Out Above $18 / Commodities / Gold and Silver 2016
Silver is another 0.5% higher today after yesterday’s 3% gains when silver flew through resistance at the $18 level to close at $18.26/oz. Silver has surged by similar amounts in euros and by 22% in beleaguered sterling.
Read full article... Read full article...
Thursday, June 30, 2016
Gold and Silver Precious Metals Bull Market Update / Commodities / Gold and Silver 2016
Tonight I would like to update some of the precious metals stock indexes as they have been basically consolidating for the last couple of months. This has been healthy for this sector which has been on fire since the middle of January of this year.
The first chart for tonight is one of the laggards but you couldn't tell it by looking at the daily chart. The $CDNX, which is a Canadian small cap index, is made up of many precious metal and oil stocks. We've been following this one since it broke above the S&R line back in February. In March it built out its first consolidation pattern for its new bull market which was the blue expanding rising wedge. The blue arrows measures the first impulse move up. After the initial price objective was hit in early May the $CDNX built out another bullish consolidation pattern which was the bullish rising wedge. The price objective for the blue bullish rising wedge is shown by the red arrows. On Monday of this week there was a fairly strong backtest to the top rail but today's price action has now cleared the top rail again after forming the red bull flag as the backtest. It's always a good sign when you see a consolidation pattern sloping in the direction of the main trend.
Read full article... Read full article...
Thursday, June 30, 2016
Silver Is Not Buying the Risk Asset Bounce / Commodities / Gold and Silver 2016
Precious metals remain elevated despite the recent rebound in risk assets as silver prices approach new post-Brexit vote highs amid concerning developments relating to the global outlook. As central banks in advanced economies rapidly test the limits of monetary policy, rising speculation of renewed accommodation in the United States is driving silver prices sharply higher. While risk assets have managed to bounce after the referendum sent shockwaves across global financial markets, silver prices have continued to gain momentum, not buying the optimism in stocks and reflecting a sense that haven assets will continue to benefit from growing volatility. Furthermore, more talk about a return to the gold standard could see precious metals reap the rewards of greater influence in the financial system.
Read full article... Read full article...
Wednesday, June 29, 2016
The True Nature of Gold Is Liberty / Commodities / Gold and Silver 2016
“Look at that screen,” exclaimed Fox Business Network's Stuart Varney, referring to the television graphic showing markets crashing across the globe. “The only thing going up is the price of gold!”
“It's always a dangerous thing when you leave democracy up to the people,” joked Varney's guest – venture capitalist and author Peter Kiernan, as they watched Britain vote Thursday night to escape the European Union.
Read full article... Read full article...
Tuesday, June 28, 2016
Greenspan Warns "Early Days Of A Crisis," Inflation Coming, Urges Return To Gold Standard / Commodities / Gold and Silver 2016
Alan Greenspan, the former Chairman of the Federal Reserve has warned that Brexit was a “terrible outcome in all respects” and that we are in the “early days of a crisis.” U.K. policy makers miscalculated and made a “terrible mistake” in holding a referendum on whether to quit the European Union, Greenspan said.
Read full article... Read full article...
Monday, June 27, 2016
Gold Surges 20% In GBP In 2 Days On Brexit Fallout / Commodities / Gold and Silver 2016
Gold has surged over 20% in sterling terms in the last two trading days due to the fallout of the UK’s monumental decision to leave the European Union. Gold has extended the biggest price gains since 2008 as market turmoil and sharp falls in stocks globally and especially bank stocks led to safe haven demand for bullion coins and bars, especially in the UK and Ireland.
Read full article... Read full article...
Monday, June 27, 2016
Gold-to-Platinum Ratio / Commodities / Gold and Silver 2016
The gold-to-silver ratio is the most popular ratio among the precious metals. However, we can also link gold prices to platinum prices. Mathematically, the gold-to-platinum ratio is the price of gold divided by the price of platinum. It describes how many ounces of platinum are needed to purchase one ounce of gold, indicating the relative strength of gold prices compared to platinum prices. The indicator works just as the gold-to-silver ratio, so we will not explain its mechanics, but move straight to analysis of the long-term trends in the ratio. Let’s examine thoroughly the chart below, which presents the number of platinum ounces it took to buy a single ounce of gold since 1975 (we use futures prices, as data series of London fix for platinum is available only from 1990).
Read full article... Read full article...
Monday, June 27, 2016
Major Debt and Dow Collapse Will Set Ideal Conditions For Silver / Commodities / Gold and Silver 2016
The current silver bull market is similar to the bull market of the 70s in many ways. Despite the similarities, silver will ultimately perform much better than during the 70s.One of the big reasons for this is the fact that debt levels are so much higher today, than during the 70s. Not only are debt levels higher on an absolute basis, but also on a relative basis. For example, Total Us Debt as a Percentage of GDP is about 360% today, whereas, in the 70s it was around 150%.
Sunday, June 26, 2016
Gold Price Weekly COT Update / Commodities / Gold and Silver 2016
We received a batch of astounding numbers in this weeks’ COT report for not only silver, but also for gold.
Guess what? Hedge funds are at a new all-time high on the long side exposure of gold.
Read full article... Read full article...
Saturday, June 25, 2016
Gold And Silver: Security, And BREXIT / Commodities / Gold and Silver 2016
We wrote the following article last Tuesday as a consequence of expanding on the key word "security" and what is its impact for most of us. Then BREXIT happened on Friday. Actually, BREXIT is all about security, concern about personal security for those who voted to get out of the elite spider trap called the EU. A few thoughts on that will be added following what was already prepared.
What is one of the most important feelings one can have for him of her self, for one's family? In a word, security. Security that one is safe in their daily existence, from the time they leave home in the morning until the time they return at the end of the day, and all the time in between. Security that their loved ones are always safe. Security that their efforts for making a life for themselves, for the betterment of their family will not be taken away. Security that what one accumulates in the process of life will always be there.
Read full article... Read full article...
Saturday, June 25, 2016
Resistance Holding Gold Stocks after Brexit / Commodities / Gold and Silver Stocks 2016
What a last 24 hours for markets! At one point Gold was up $100/oz, S&P futures were limit down and the British Pound was down over 8%! The volatility has subsided, perhaps temporarily and Gold settled around $1320/oz with Silver settling below key resistance at $18. The miners predictably gapped up but the strength was sold. As miners remain below 2014 resistance we expect Gold to retest $1300/oz before moving higher.
Read full article... Read full article...
Friday, June 24, 2016
Gold, Silver And PM Stocks Summer Doldrums Risk / Commodities / Gold and Silver 2016
Gold’s recent weakness has dampened bullish sentiment, but the entire precious-metals complex has actually enjoyed record early-summer strength. The summer doldrums have always been a vexing time for gold, silver, and the stocks of their miners. Without any recurring seasonal demand surges in June and July, sideways-to-lower drifts are common in this seasonally-weakest time before big autumn rallies.
Traders’ sentiment, their collective greed and fear, drives nearly all short-term price action. Most of the time, sentiment is heavily influenced by expectations. If gold rallies 5% in a month where traders expected 10% gains, disappointment and bearishness will flare. But if gold rallies that same 5% when the outlook was for no gains, traders will grow excited and bullish. Performance versus expectations colors reality.
Read full article... Read full article...
Friday, June 24, 2016
Gold Price Breaking the 200 Week Moving Average / Commodities / Gold and Silver 2016
Gold is breaking through the 200 week moving average this morning. Don’t forget the intermediate cycle is only on week 3. We should still have 12-15 weeks before the intermediate cycle tops.
Read full article... Read full article...
Friday, June 24, 2016
Brexit - Gold Note - Brexit Facts - Ramifications for UK, Ireland, EU - Conclusion / Commodities / Gold and Silver 2016
We have seen record online sales for this time of day and the phones are ringing off the hook. It is nearly all buying with a preference for gold over silver. We may have to restrict trading to existing clients if we continue to see this level of demand.
We are seeing more selling then expected and seeing some clients choosing to take profits after the very sizeable short term capital gains.
Read full article... Read full article...
Thursday, June 23, 2016
A New Balance Of Power In The Gold Market / Commodities / Gold and Silver 2016
Gold analyst Michael Ballanger just posted an article noting how much things have changed — perhaps for the better — in the gold market. Here’s an excerpt:
Read full article... Read full article...
Thursday, June 23, 2016
BREXIT Day – Markets Becalmed – Gold Panic Prelude / Commodities / Gold and Silver 2016
BREXIT Day and the UK EU referendum is upon us today and investors are expecting more choppy trading in financial markets in the coming hours. The City of London is bracing itself for potentially the most volatile night since the sterling devaluation on Black Wednesday.
Read full article... Read full article...
Thursday, June 23, 2016
What Billionaire Investors Are Doing with Gold While Your Not Watching / Commodities / Gold and Silver 2016
With each passing day, systemic risks in the financial system become greater. Smart money insiders and billionaire investors are taking note – and taking defensive actions.
Mega-billionaire Carl Icahn, whose long-term track record is unrivaled, recently warned that “there will be a day of reckoning unless we get fiscal stimulus.” Icahn’s hedge fund is betting on a day of reckoning scenario. He has gone 150% net short the stock market while holding commodity-related positions to the long side.
Read full article... Read full article...
Thursday, June 23, 2016
Why the Average Person Should Own Some Gold and Silver / Commodities / Gold and Silver 2016
"Ability is of little account without opportunity." ~ Napoleon Bonaparte
We live in a world where the main driving force behind this illusory economic recovery is hot money and data manipulation. According to Government stats, inflation is nonexistent, but anyone with a grain of grey matter understands that this is not the real case. Rents, education and medical costs are soaring, and salaries are dropping when inflation is factored in. In simple words, you are working more and more for less and less. This is not the American dream; in fact, it sounds more like the American nightmare. The purchasing power of the dollar has been eroded dramatically over the years. According to the website usinflationcalculator.com, an item that set you back $20.00 in 1913 would cost you over $485 in 2016, for a cumulative rate of inflation of 2320%.
Read full article... Read full article...
Wednesday, June 22, 2016
These Conditions Ensure That Gold Stocks Will Continue To Rise Over The Coming Years / Commodities / Gold and Silver Stocks 2016
Gold stocks need very specific conditions in order to perform well. The last time most of these conditions were present was during the Great Depression. However, conditions are currently shaping up to be even more ideal.
The performance of the Dow is one example of conditions that heavily influences how gold stocks fair.
Historically, gold stocks had some of the best rallies after significant Dow peaks. This was true for the 1929 and 1973 major Dow peaks.