Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, July 10, 2015
Silver at the Mercy of China’s Stock Market / Commodities / Gold and Silver 2015
Silver's fate will be determined over the next few weeks by the events unfolding around China's stock market.
If their equity markets stabilize, and if it looks as if the worst is over, silver will stabilize as well. If not, then neither will silver.
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Friday, July 10, 2015
Now Is A Good Time To Pick Up Some Oil Stocks / Commodities / Oil Companies
Oil's oversized reaction to negative news from Greece and China on Monday should really have come as no surprise with the value of 20/20 hindsight. I have been writing for some time now that the commodity would break out of its narrowing range and that the more times it failed to break the resistance point at $62, the more likely it was that that break would be in a downward direction. It is logical that the longer that it took, the more violent that break would be.
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Thursday, July 09, 2015
Why Exxon Mobil Is The Strong Oil & Gas Stock On The Market Today / Commodities / Oil Companies
The oil and gas market is a bit shaken at the moment; and understandably so. After last year's dramatic decline in oil prices and the less than appealing prices we've seen this year, companies in the sector just aren't producing profits like they once did. However, there is one company in the sector that's well worth taking a second look at. That company is Exxon Mobil. In summary, here's why I believe the value of the stock will climb exponentially over the long run...
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Thursday, July 09, 2015
Gold and Silver Stocks Game Plan / Commodities / Gold and Silver Stocks 2015
Tonight I would like to update you on some precious metals charts we've been following very closely to shed some light on where we're at and where we maybe heading. When investing in the markets we need to have a game plan to follow so that we know when the game changes we have to change. As long as the game plan is working you stick with it until you've reached your price objectives or the trend changes.
Believe me it's not at all easy to follow a game plan. There are things that happen to a stock or market on a daily basis, that we have no control over, that can affect our thinking. Without a game plan to follow we are at the mercy of every little wiggle a stock makes. One has to have a certain amount of confidence in whatever trading system they use to be able to ride out the wiggles that can whipsaw you to death if you act on every move a stock makes.
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Wednesday, July 08, 2015
Gold's Unsafe Haven and Yen's Comeback / Commodities / Gold and Silver 2015
Gold's accelerating sell-off since June 18 highlights the metal's deteriorating role as a safe haven amid Greece uncertainty as other factors take priority. Oil's 19% decline from its May highs at a time when central banks have barely begun seeing some sort of positive trend in inflation resurrects fears of deflation or prolonged disinflation.
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Wednesday, July 08, 2015
Gold and Silver Spot Prices Increasingly Detached from Reality / Commodities / Gold and Silver 2015
Clint Siegner writes: An insolvent Greece has defaulted. On June 30th, officials missed repayment of billions in lMF loans and declared a banking holiday. Predictably, many Greek citizens responded to the crisis and bought gold coins. So did a lot of people here in the U.S. and around the world. You just wouldn’t know it by looking at spot prices.
The regular disconnect between the futures markets, where spot prices are set, and the physical markets reveals a growing problem. The link between the spot price and physical demand is thin at best. That is why the base price for gold coins in an Athens coin shop can get cheaper, but the all-in cost of buying the coins goes up as the line of buyers grows.
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Wednesday, July 08, 2015
Don't Panic, Nothing Has Really Changed In The Oil Markets / Commodities / Crude Oil
Monday's 8% WTI crude decline is setting up a big opportunity for buyers. And there could be more to come. But this is driven by momentum, not by the fundamental conditions in the physical market.Read full article... Read full article...
Wednesday, July 08, 2015
The Three Events That Just Sent Crude Oil Price Sinking… and Why There’s No Need to Panic / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: Yesterday, three geopolitical crises converged, sending the price of oil sinking.
West Texas Intermediate (WTI), the benchmark for crude set in New York, was down 8%. Dated Brent, the internationally used benchmark set in London, slipped 6%.
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Wednesday, July 08, 2015
ALERT! U.S. Mint Suspends American Silver Eagle Sales / Commodities / Gold and Silver 2015
ALERT!
We have received word through an industry source that the U.S. Mint temporarily suspended sales of American Silver Eagles due to strong investor demand. It intends to resume sales in two weeks. The Mint sent out an announcement to this effect earlier today.
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Tuesday, July 07, 2015
Brent Crude Oil Price Breaks out of Bearish Wedge / Commodities / Crude Oil
Brent Crude broke down from a bearish rising wedge formation several weeks ago, trading relatively sideways thereafter, until the tail end of last week when it fell below and closed below $60.97. The 50% retracement at $57.41 was surpassed yesterday to the downside, with the next target being around the 61.8% Fibonacci retracement level at $54.53, followed by the most recent swing low (C) at $52.61.
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Monday, July 06, 2015
Silver Price Consolidating Ahead of Another Sharp Drop / Commodities / Gold and Silver 2015
Silver's cheerleaders are trying to keep their flocks happy by talking it up as usual, but the hard reality is that silver's charts continue to look awful, and like it is readying for another sharp drop, which fits with our view that the dollar is getting ready for another big upleg.
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Monday, July 06, 2015
Gold Price Gravitating Lower Towards $1000 / Commodities / Gold and Silver 2015
Gold has not even been able to muster a rally on the Greek crisis, which is a bad sign, especially as the dollar looks like it is preparing to break out upside from a large consolidation pattern.
On its 8-year chart we can see that gold is still in the large downsloping consolidation pattern that has been going on for 2 years now. Goldbugs like to think that this trading range is a pattern is a base pattern, and while it may be, this is viewed as wishful thinking. Instead it looks like the B-wave of a large A-B-C correction from gold's highs in 2011. If it is, then the C-wave, which is suspected to be imminent, will take gold down at least to the strong support in the $1000 area, and probably lower towards the lower boundary of its large downtrend channel shown - if it gets there we are looking at $850 - $870. The good news is that this should mark the end of gold's bearmarket, especially as a rising rate cycle is just over the horizon, and contrary to popular belief, gold thrives in a rising rate environment - anyone remember the late 70's??
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Saturday, July 04, 2015
Crude Oil Price Forecast to Plunge Below $40 / Commodities / Crude Oil
In the after hours trading on Thursday oil broke below the May daily cycle low indicating a failed daily cycle is in progress, and confirming the intermediate top occurred on May 6th.
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Friday, July 03, 2015
Gold and Silver Subdued / Commodities / Gold and Silver 2015
Gold and silver had a poor week, with no relief from drifting prices after the end of the second quarter. The gold price opened on Monday morning in the Far East at $1187 and fell to a low point at $1158 yesterday. Silver mirrored gold's move falling from $16.05 to $15.50. Both metals rallied yesterday afternoon with gold down slightly but silver up 14 cents. In early European trading this morning there were further small gains.
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Friday, July 03, 2015
How the New Iranian Nuclear Deal Will Impact Crude Oil / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: This week, reports emerged that a draft deal on Iran’s nuclear program would be reviewed by the Western negotiators. Crude oil prices plummeted – West Texas Intermediate (WTI) closed down 4.2%, at $56.96 a barrel, the lowest since April 22.
The concern spurring the decline is that an agreement would lift the Western sanctions and allow Iranian oil to flood into the market, propelling prices down.
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Friday, July 03, 2015
Gold Stocks Cheap to Buy but Not for Long / Commodities / Gold and Silver Stocks 2015
Fund Manager Adrian Day believes that the U.S. dollar is fundamentally overvalued and we can expect a devaluation at some point. This is good news for the price of gold. In this interview with The Gold Report, Day adds the even-better news for investors in gold equities is that so many good shares now sell for so little, and he discusses several companies that won't remain bargains for long.
The Gold Report: Despite the lack of an economic recovery and the reality of ever-increasing debt, the U.S. dollar and the equity markets remain strong, while gold (as denominated in U.S. funds) remains weak. Do you expect these conditions to change?
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Thursday, July 02, 2015
HUI Gold Stocks Most Destructive Bear Market in History / Commodities / Gold and Silver Stocks 2015
When this support zone breaks the bankruptcy phase will start in earnest.
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Wednesday, July 01, 2015
Gold Stocks Break Below 2008 Low / Commodities / Gold and Silver Stocks 2015
Briefly: In our opinion, short (half) speculative positions in gold, silver and mining stocks are justified from the risk/reward point of view.
Gold and silver declined yesterday, but the really profound action was seen in the precious metals mining stocks. Both key indices for this sector (the HUI and XAU) declined below their respective 2008 lows and managed to close below them. What’s next? Will gold and silver stocks bounce like they did in late 2014?
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Wednesday, July 01, 2015
Silver Tunnel Vision 'Experts' / Commodities / Gold and Silver 2015
Over the past month, we have been subjected to one breathless article after another predicting a huge upside blowout in silver as "the trapped shorts are forced out".
"The rise in open interest to a record high, even higher than when silver was trading near $50, tells us that some big money is going into silver and it is just a matter of time before the shorts are given a religious experience".
Thus would the summation be of the crux of the silver perma-bull "analysis".
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Wednesday, July 01, 2015
Gold And Silver - Monthly, Quarterly Ending Analysis / Commodities / Gold and Silver 2015
While not many pay any attention to these two larger time frames, especially the Quarterly, both are more controlling and receive greater attention from smart money players. These time frames are not at all used for market timing, but they do show the dominance of a trend. It also takes considerably more effort to effect changes on either or both.
There is no need to reference any news events because current events cannot alter the established trends, and the collective current events of the past several years have done nothing to change the trend. We take that back. For the last year, while the overall trend has been down, price has been relatively neutral in the sense of moving sideways instead of lower. That noted aspect is actually a change in behavior, and it is more evident on the silver chart.
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