Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, March 09, 2016
The Gold Bull Market Is Back... Will It Last? / Commodities / Gold and Silver 2016
Stefan Gleason writes: The gold bull is back. After trending downward for more than four years, gold prices have broken out to the upside with a gain of more than 20% off their December lows.
Gold’s crossing of the 20% threshold even caused the financial media to take notice. “Gold is now in a bull market,” reported CNNMoney (March 7, 2016).
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Wednesday, March 09, 2016
Gold Price Could Surge To $8,000/oz On Negative Interest Rates – Lassonde / Commodities / Gold and Silver 2016
The gold bull market has returned and gold could surge over 1,000% to $8,000 per ounce in the coming years according to legendary gold investor, Chairman of Franco-Nevada Corporation and former Chairman of the World Gold Council, Pierre Lassonde.
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Wednesday, March 09, 2016
Gold’s Next Move And Price Target / Commodities / Gold and Silver 2016
As discussed a couple of weeks ago, Rob Tovell outlined several price targets for gold. As the first ones are hit, the next target comes in around $1345. However, that target will not be met in a straight line, and volatility is entering the gold market right here right now.
The key challenge for gold is best visible in the weekly chart. That is the first chart discussed in the video which is embedded below.
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Wednesday, March 09, 2016
Commodities Jump on US Dollar Weakness / Commodities / Commodities Trading
With the U.S. dollar drifting lower over the past four months, most commodities are feeling a strong tailwind blowing their way.
Dollar bulls were hoping for a more aggressive program of interest rate increases, but instead the Fed dialed-back the number from four to two this year. The US$ pulled away from its high of $100.60 and formed a series of lower levels.
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Tuesday, March 08, 2016
Gold Market Overview / Commodities / Gold and Silver 2016
Despite gold's historical role as money, the contemporary gold market is rather young. Until March 15, 1968, when a two-tier market for gold was established, the price of gold was maintained at a predetermined level (or rather, national currencies were defined as unit weights of gold). From that time, the market forces shaped the price of gold. In 1971, the gold standard was abandoned and the two-tier market came to an end and central banks started transactions in gold at market prices. As the International Monetary Fund pointed out in the paper "The Structure and Operation of the World Gold Market", "since then, a global market for gold as an asset in its own right has developed, remaining open around the clock and using a full range of derivative paper instruments".
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Tuesday, March 08, 2016
Silver Price Rise Will Be Quick And Sudden / Commodities / Gold and Silver 2016
The rise of silver and the collapse of the monetary system is inescapably linked, since the monetary system is built upon the suppression of silver. Collapse by definition suggests: to break or fall suddenly. This is exactly what will happen to the international monetary system, very soon.
Therefore, silver's rise will likely be very quick or sudden. It is for this reason that one cannot really trade this coming silver bull market. The best option is to keep on increasing one's silver ounces. When the time comes, silver will explode higher suddenly; for example, it could be possible that it rises $10, $20, $100 a day, until you cannot buy it with fiat money.
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Tuesday, March 08, 2016
New Gold Bull Market Now Official; Breaking Point in Paper Gold? / Commodities / Gold and Silver 2016
Gold officially entered a bull market in last week’s trading with prices gaining more than 20% from their December lows. The silver price also put on some very nice gains, but the price needs to reach about $16.40 before watchers can make the same claim.
If the white metal can exceed last week’s gains of more than 5%, the silver market will reach official bull territory too.
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Tuesday, March 08, 2016
Gold and Lithium Companies Are Sizzling Hot / Commodities / Gold and Silver 2016
There wasn't much sizzle in the gold equities space in recent years, but that has recently changed. Paul Renken, chief geologist and analyst with London-based VSA Capital, says the recent uptick in the gold price—which he says should stay near current levels for a while—will boost the margins of already profitable gold producers. Renken is even more bullish on lithium, while remaining optimistic about uranium. In this interview with The Gold Report, Renken provides the gold, lithium and uranium names with sizzle.
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Monday, March 07, 2016
Gold Price Next 10% Move is Down, Not Up / Commodities / Gold and Silver 2016
Gold has been on a tear since the start of this year. It is the best performing asset with a 16% rise in 2 months, however, if you are planning to enter gold at these current levels, you are likely in for a big surprise. Gold is overbought and technical analysis is pointing to a drop in gold price to the $1150/oz. level, a good 10% lower from the current levels.
The equity markets are in a bounce/rally mode and likely to remain buoyant till end of March. Oil prices, which were causing a scare worldwide are also on the mend, the bottom is likely in place at $26/barrel.
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Monday, March 07, 2016
Future Gold Prices / Commodities / Gold and Silver 2016
The internet is filled with predictions for the price of gold, from $500 to $50,000 per ounce. It depends on your world view.
If you are a central banker or a powerful financial player which often supplies loyal employees to serve as Secretary of the U.S. Treasury, the low gold numbers look good.
Or, if you understand the incredible $200+ Trillion of debt the world has accumulated and realize it can’t be repaid, then gold at $10,000 probably looks inevitable. Crashes occur and sovereign debt markets look like paper bubbles with disastrous potential to send gold much higher.
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Monday, March 07, 2016
Gold ETF Suspends Issuing Shares Due To “Surge” In Demand / Commodities / Gold and Silver 2016
Gold ETF, the iShares Gold Trust, had to stop issuing new shares in its $7.7 billion on Friday as a “surge” in investment demand for gold caught out the provider of the ETF and the world’s largest money manager, BlackRock Inc.
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Monday, March 07, 2016
Gold GDX - What and where are the STRAITS of HELL, / Commodities / Gold and Silver Stocks 2016
and why does anyone care, anyway ?They are located and easily found btwn $HUI 280 and 300. Created by selling enough paper contracts to equal TWO (2) years of Newmont's production, in ONE DAY[1], THEY cleaned out all the bids from ceiling to floorboards, like a dust explosion. Clearly UN-Economic that was a signal from HELL that GOLD was doomed, from, in my opinion, THE POWERS THAT BE [ TPTB ]. We shall see.....
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Monday, March 07, 2016
Gold and Silver Not a Flag / Pennant, But a Top - New Longs About to be Fleeced... / Commodities / Gold and Silver 2016
Many analysts and writers have described the pattern forming in the past couple of weeks in gold as a "bull Flag or Pennant" with some appearing to be "playing to the gallery" - i.e. telling their audience what they want to hear, which is that gold will continue to go up. I, on the other hand, decided that the triangle that had formed was not a continuation pattern, but a top, and said so about a week ago. So, as you will readily understand, I was not looking good when gold seemingly broke out upside on Thursday, and came in for considerable flak. However, on Friday there were some dramatic developments across the sector which look set to vindicate my stance.
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Sunday, March 06, 2016
Gold and Silver - They Just Could Not Resist / Commodities / Gold and Silver 2016
Gold and silver were higher most of the day, with gold selling off a little after the markets closed in Europe and Asia. The wiseguys just could not resist taking it back down into the close. lol.
The handle on the potential cup and handle formation is not firmly set yet as gold failed to close over 1270, coupled with the initial weak retest of lower support in the early handle stages. Normally we would like to see a little arc, an interplay of buying and selling. This time it went straight down and then rallied steadily higher. It risks turning into more of an ascending wedge.
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Sunday, March 06, 2016
Gold Traders Caution / Commodities / Gold and Silver 2016
"I'm going to caution traders against shorting gold right here. I doubt we've printed a final intermediate top just yet"
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Sunday, March 06, 2016
Canadian Gold Stocks / Commodities / Gold and Silver Stocks 2016
Probably the number one concern for investors is resource nationalism.
Where gov'ts of the countries you, me, we invest in decide to take a huge piece of your business; one for me, one for you, one for me one for you, two for me, one for you…etc etc etc.
Canada is, compared to too many other places we invest in, politically stable. There's also disease, rebellion and a dozen other concerns that are not present in Canada.
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Sunday, March 06, 2016
Gold and Silver Note Of Caution (And Ambiguity) / Commodities / Gold and Silver 2016
Suddenly, gold and silver are good again. In two short months, they've morphed from targets of derision to shiny new toys on the financial playground.
Not surprisingly, questions have been pouring in from people who kind-of sort-of know the precious metals story and are wondering if they should jump in with both feet. A reasonable response: "If your time frame is the coming decade, sure, go for it. But if you're thinking in terms of months rather than years, you should be considering entry points and accumulation strategy."
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Sunday, March 06, 2016
Gold And Silver Charts Reviewed / Commodities / Gold and Silver 2016
In last week’s commentary, February Heralding End Of Down Trend?, we stated: The significance of February is its decided change in market behavior on the monthly and weekly charts.” We are seeing even more evidence to support that premise, and all that is required is to observe the next corrective reaction to see where, at what level, price tests prior to resuming the start of an uptrend that began last December.
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Saturday, March 05, 2016
Gold Stocks Reverse at Resistance Targets / Commodities / Gold and Silver Stocks 2016
Two weeks ago, regarding the miners we wrote:
If it (GDXJ) surpasses its 80-week moving average then its next target is $27-$28. Meanwhile, GDX is holding above previous resistance at $18. Its next strong resistance targets are $21 and $22.
Earlier today GDX and GDXJ came within pennies of $21 and $29 respectively while Gold touched $1280 before reversing. While Gold and gold stocks could continue a bit higher, their rebound may have ended Friday morning.
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Saturday, March 05, 2016
Gold Price and Gold Stocks Launch! / Commodities / Gold and Silver Stocks 2016
While at near-term risk, the gold sector is launching, not blowing off
Okay, the title of the post is a bit of a joke at this late stage of the rally because it sounds like hype and we have actually been calling the move in the gold sector a potential launch for weeks now, since gold and HUI each busted through their bear market limiters, the EMA 75 and EMA 55, respectively.
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