Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, April 06, 2016
Crude Oil Price One-Day Rally or Something More / Commodities / Crude Oil
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
On Tuesday, crude oil moved lower after the market’s open weakened by an unexpected decline in monthly U.S. gasoline demand. Despite this drop, the commodity reversed and rebounded in the following hours. As a result, light crude gained 3.10% and invalidated earlier breakdown. What does it mean for oil bulls?
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Wednesday, April 06, 2016
Big Banks, Hedge Funds Key Factors in 2016 Gold Price Surge / Commodities / Gold and Silver 2016
Read full article... Read full article...I can remember only one other time when market factors lined up as favorably for gold as they do now and that was in the spring of 2008. There are a great many similarities to gold market dynamics between now and then, but there are also great differences. One of those differences is the huge influx of interest from institutional investors led by hedge funds and big banks. In 2008, institutional interest was light.
Tuesday, April 05, 2016
Fort Knox Gold Paradox / Commodities / Gold and Silver 2016
Officially the Fort Knox Bullion Depository contains 147.3 million ounces of gold. However, the last audit was performed over 60 years ago. According to reliable sources “audits” since then have been incomplete and inadequate.
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Tuesday, April 05, 2016
China’s Gold Intent – ICBC Bank Reclassified as an LBMA Market Maker / Commodities / Gold and Silver 2016
ICBC Standard Bank, China and the world’s largest bank, has been reclassified as a spot Market Making Member of the London Bullion Market Association (LBMA) with effect from today according to a note posted on the LBMA website last night at 2100 GMT.
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Tuesday, April 05, 2016
Fractal Analysis of US Dollar Index Suggests Massive Gold Rally Coming / Commodities / Gold and Silver 2016
Below, I have done a fractal analysis of the US Dollar index (generated on tradingview.com). It shows that the US Dollar index is likely to drop over the next years; however, it appears to have started a new uptrend (read deflation – deflation is great for gold and silver), from a long-term point of view.
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Monday, April 04, 2016
Epic Battle Rages Between the Bullion Banks and Gold Speculators / Commodities / Gold and Silver 2016
The battle raging between the Bullion Banks and Gold Speculators is every bit as spectacular as the Ali-Frazier fights of the 1970s, says precious metals expert Michael Ballanger.
As a young man of fourteen with my older brother Donny having introduced me to Ring Magazine a few year earlier, I can't remember ever being so hyped up for a heavyweight title fight than when Cassius Clay took on Sonny Liston and "whupped" him to take the title and then repeated in the rematch. From that point onward, the hero of my youth (excluding Bobby Orr, of course) in the world of sports became Cassius Clay-turned-Muhammad Ali, who became the greatest heavyweight fighter of all time and dominated the game for over a decade, despite being banned from boxing for refusing to join the army in 1967. Ali was a big man standing over 6'4" tall but he moved with the fluidity, speed and lethal grace of a jaguar.
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Monday, April 04, 2016
Silver Bullion Is Coiled Spring and Will “Explode Higher” / Commodities / Gold and Silver 2016
Silver bullion’s reluctant, sluggish participation in early 2016’s powerful gold rally has been glaringly obvious. Instead of amplifying the yellow metal’s big gains as in the past, silver largely failed to even keep pace. The lack of silver confirmation for gold’s big move has certainly raised concerns. But despite silver’s vexing torpidity in recent months, it is a coiled spring ready to explode higher to catch and surpass gold.
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Monday, April 04, 2016
The Pitfalls Of Buying Gold And Silver Online, And How To Avoid Them / Commodities / Gold and Silver 2016
Back in 2014, online bullion dealer Tulving shocked its many customers by suddenly failing. See Coinweek’s story: How does $40M of Gold and Silver Disappear: The Collapse of Tulving Company
Last week another one bit the dust:
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Sunday, April 03, 2016
The No Fresh Water Planet / Commodities / Water Sector
Our planet is 70 percent covered in ocean - 98% of the world's water is in the oceans. Which makes 98% of the world's water unfit for drinking, or irrigation.
Just 2% of the world's water is fresh. The vast majority of our fresh water, 1.64%, is in its frozen state and locked up in the polar ice caps, Greenland's ice sheet and glaciers. Once it melts its contaminated by seawater, either by melting directly into the oceans or running to the world's oceans through a stream or river.
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Sunday, April 03, 2016
Gold Getting Stale? – Charts and COTs / Commodities / Gold and Silver 2016
Notice on the very short term chart, a 2 hour run, gold has been in a steady decline since the middle of last month with rallies attracting selling at the key resistance levels noted on the chart.
Price is currently holding below $1212 – $1210.
Initial resistance begins near $1225 and extends higher towards $1228. Above that lies $1237-$1240.
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Saturday, April 02, 2016
Gold And Silver – Qrtly, Monthly Charts. No Change In Trends / Commodities / Gold and Silver 2016
“Nothing ever changes on Wall Street. Speculation is as old as the hills. What has happened before in the markets will happen again.” Jesse Livermore
Despite taking his life at the Sherry Netherland Hotel in 1940, at the age of 63, [he considered himself a failure], Livermore is revered by many as the consummate trader.
We often comment on the importance of rules, and our adherence to rules does not come from Livermore, but he always attributed his losses to the times when he failed to follow his rules.
Saturday, April 02, 2016
Gold Stocks Correcting Through Time Not Price / Commodities / Gold and Silver Stocks 2016
Gold Stocks enjoyed a fabulous, near vertical rebound into March yet were in extreme overbought territory. We and many others called for a correction. In recent weeks those other voices have worried excessively about the alleged bearish construction of the CoT. Although Gold and Silver have essentially consolidated with a little weakness, the gold stocks have continued to hold above even initial support. Over the past month they have corrected through time rather than price. The longer gold stocks hold above initial support, the greater the chance they are building a bullish flag consolidation.
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Friday, April 01, 2016
Silver Is Coiled Spring / Commodities / Gold and Silver 2016
Silver's reluctant, sluggish participation in early 2016's powerful gold rally has been glaringly obvious. Instead of amplifying the yellow metal's big gains as in the past, silver largely failed to even keep pace. The lack of silver confirmation for gold's big move has certainly raised concerns. But despite silver's vexing torpidity in recent months, it is a coiled spring ready to explode higher to catch and surpass gold.
Silver has always been something of an investing enigma, somehow combining attributes of a highly-speculative investment, a conventional industrial commodity, and an alternative currency. Silver trades like each from time to time, stymieing attempts to classify it. Silver tends to grind sideways boringly for long periods of time, and then skyrocket higher in bulls of such magnitude that they are celebrated for years.
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Friday, April 01, 2016
Gold Prices Rise 16% In Q1 – Best Quarter In 30 Years / Commodities / Gold and Silver 2016
– Gold prices gained 16% in Q1 – best quarterly performance since 1986
– Gains due to increasing global financial, macroeconomic and monetary risk
– Stocks come under pressure – Flat in U.S.; Falls in Europe and Asia
– Sterling fell 20% on BREXIT concerns and the euro fell 11% against gold
– Canadian dollar fell 10%, Aussie dollar fell 9% & Swiss franc fell 12% against gold
– Outlook positive as gold and silver remain undervalued
– Reasserted role as safe haven in Q1
Friday, April 01, 2016
The Gold-to-Silver Ratio: A Truly Generational PM Stocks Opportunity / Commodities / Gold and Silver Stocks 2016
This week's Gong Show in the global financial markets reminds me of the early 1980s before the advent of the Internet or online trading or blogs and especially before 30-something financial "advisors" were allowed to go on the national (and international) airwaves or Internet websites and babble on for what seem like days how "The Fed has our back!" as an excuse for buying stocks at 23 times forward earnings.
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Thursday, March 31, 2016
Silver Lows – Silver Ratios / Commodities / Gold and Silver 2016
Silver prices as this is written (March 23) are down 60 cents on the day. Scary … no, probably a normal correction.
Yes, paper silver prices on the COMEX are “managed” for the benefit of traders, banks and others large enough to manipulate the prices. It makes sense that if a bank, which owns the regulators and can “work” the prices to their advantage … will do so.
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Thursday, March 31, 2016
Gold Firms Up On Dovish Yellen Commentary / Commodities / Gold and Silver 2016
Precious metals prices have been on a tear higher since the outset of 2016 as concerns about the pace of US policy tightening combined with growing global uncertainty sent gold to the highest levels since February of 2015. Although commentary from more hawkish Federal Reserve members in the previous few weeks raised speculation that another US rate hike could come as soon as April, Chairwoman Janet Yellen extinguished those expectations with her more dovish tone. Citing the downside risks to the current pace of global economic expansion combined with reduced confidence in the outlook for monetary policy normalization, Yellen sent the US dollar tumbling with investors embracing gold, driving the precious metal nearly 1.65% higher over the session. A crumbling outlook combined with a drive towards data dependency in decision-making has seen hawkish sentiment shift more neutral, benefiting precious metals near-term.
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Thursday, March 31, 2016
Crude Oil Price Meets Support / Commodities / Crude Oil
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
On Tuesday, crude oil lost 2.06% ahead of the American Petroleum Institute's weekly inventory report. Thanks to this drop, light crude closed another day under $39, but reached important support zone. Will it encourage oil bulls to act in the coming days?
Thursday, March 31, 2016
Gold Royalty Companies Continue to Progress / Commodities / Gold and Silver Stocks 2016
The large gold royalty companies remain among our top holdings, notwithstanding the high valuations and our comments on the overall gold market and short-term concern on the gold stocks.
Osisko Gold Royalties Ltd. (OR:TSX, $12.90) is all cashed up, as its two core royalties proceed well. It has about CA$650 million available for investments (of which CA$260 million is cash), after spending about CA$220 million in the last year on several royalties.
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Wednesday, March 30, 2016
Believe it or Not, it’s happening to Gold / Commodities / Gold and Silver 2016
Tonight as I was going over my charts and running my end of analysis the charts jumped out at me with a trade setup and wanted to share my cycle chart for gold with you.
The price chart of gold below is exactly what my cycle analysis told us to look for last week WELL ahead of the today’s news and its things play out I as I feel they will then we stand to make some pretty good money as gold falls in value during the month of April.
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