Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, May 21, 2015
The US Dollar and the Precious Metals Complex / Commodities / Gold and Silver 2015
The first chart I would like to show you today is the long term monthly chart for the US Dollar I showed you a week or two ago. It was coming into contact with the top rail of a massive 30 year falling wedge at 93.50. I also drew in a neckline extension rail taken from the H&S top that formed back in 2000 which came in at 92. I put the little brown box to show you where I was hoping to find support. So far the top rail is doing its thing by reversing its role to what had been resistance to now support once it was broken to the upside. This is a critical test taking place right here which so far the US dollar bulls are winning.
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Thursday, May 21, 2015
Gold GLD ETF Drawdown Continues Unabated / Commodities / Gold and Silver 2015
The giant gold ETF, GLD, reported yet another drawdown in its holdings this afternoon. This time around it was a 3 tons reduction bringing the total holdings to 715.26 tons. That is now up a mere 6.24 tons since the start of the year levels, a far cry from its peak in February of a 64 ton increase on the year.
There is no way to spin this to make it the least bit friendly for the cause of gold.
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Wednesday, May 20, 2015
It’s Time to Hold More Cash and Buy Gold / Commodities / Gold and Silver 2015
- Bank of America advises owning gold
- Markets in “Twilight Zone” transition period
- Fed policy normalisation poses risks
- Own gold and cash to protect against “cleansing drop in asset prices”
- Data show markets disconnected from reality
- Fragile system vulnerable to shock
- Gold is hedge against systemic risks
Wednesday, May 20, 2015
Are US Shale Oil Drillers Actually Making A Comeback? / Commodities / Oil Companies
Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. There is a newfound bullishness in the oil markets – net long positions on Brent crude have hit multi-year highs in recent weeks on a belief that US supply is on its way down.Read full article... Read full article...
Wednesday, May 20, 2015
Three Hidden Forces Pushing Crude Oil Price Back Up / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: The overall trajectory for oil prices remains upward, despite taking a breather today. I still see prices reaching $65-68 for West Texas Intermediate (WTI, the benchmark traded on the NYMEX) and $73-78 for Dated Brent (the other major benchmark set daily in London).
But this is hardly going to be a straight, linear rise. Rather, it’s going to occur in what I call a “ratcheting” pattern: occasionally jerking downward along the way.
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Wednesday, May 20, 2015
Now Is the Time to Own the Oil & Gas Leaders / Commodities / Oil Companies
U.S. shale oil producers have responded to the oil price collapse so quickly, and with such discipline, that they've shown they are able to turn production on and off as if with a light switch. As Keith Schaefer tells The Energy Report, that means it's time to be nimble, and to keep small positions until oil finds a stable new price level.
The Energy Report: Keith, the first U.S. grassroots refinery in nearly 40 years just began operation in North Dakota. Is the growth in U.S. oil production going to catalyze refinery construction?
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Tuesday, May 19, 2015
History Shows A Gold Bull Market Is Fast Approaching / Commodities / Gold and Silver 2015
Yearning for sunnier skies for your gold investments? How’s this sound…
- Gold in a decisive bull market, with the price steadily rising
- Silver soaring and outpacing gold’s gains
- Gold stocks rocking, erasing underwater positions and racking up the profits
Tuesday, May 19, 2015
Trading Gold and Silver along with the Pros / Commodities / Gold and Silver 2015
For a number of years the market presence of commercial traders has dictated the direction in the price of gold and silver. With deep pockets and by trading contracts in the futures market without having to back up their contracts with metal, commercial traders acting in concert, can raise the price after a pullback, and cap a rally when their computer trading programs signal that price is ripe for a quick drop.
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Tuesday, May 19, 2015
Gold Ticks Higher as London Housing Market Crash Looms? / Commodities / Gold and Silver 2015
- London property falls most in nine months in May
- Falls possibly due to pre-election fear of Labour housing policy
- Surge in sterling dampens demand
- Tory victory has led to surge of new sales
- London market still overheated
- Investors look for stores of value
Tuesday, May 19, 2015
Switzerland: Ultimate Safe Haven For Liberty, Wealth And Gold / Commodities / Gold and Silver 2015
At Global Gold, I am often asked what we would do if, for example, the US comes out with a confiscation order. My reply is: We would do nothing whatsoever! Why? Quite simply, because no one in Switzerland has the political power to execute such an order! Even if Swiss politicians would support such a confiscation order, the Swiss people would likely have the final vote. I am confident that any such confiscation order wouldn’t have any chance to reach a majority in Switzerland, especially when it concerns assets held outside the banking system such as physical precious metals. Even in the unlikely case that it would be accepted, the vote would take at least twelve months, thereby giving the persons affected enough time to move their assets. In my view, this is the main advantage of a direct democracy, it assures that the people and not the politicians in power have sovereignty. The federalist structure of Switzerland additionally guarantees that political power is reduced to a minimum. “Confederation Helvetica” might be the old name for Switzerland, but it is just as valid today as it was in the past.
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Tuesday, May 19, 2015
Crude Oil Trading Alert - Price Drops to Neck Line / Commodities / Crude Oil
Trading position (short-term; our opinion): Short positions with a stop-loss order at $65.23 are justified from the risk/reward perspective.
On Friday, crude oil gained 0.49% as a weaker greenback supported the price. As a result, light crude bounced off the neck line of a bearish formation. Will we see further improvement in the coming days?
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Tuesday, May 19, 2015
Gold Price Trend Forecast / Commodities / Gold and Silver 2015
Now that Gold has pushed to a three month high, it's clear that my bullish read of the Gold tape is at least partially correct. In the face of recent negative price action, I had managed to remain cautiously bullish given Gold's position in a new Inv7estor Cycle - it was far too early for Gold to be rolling over, even if it remained locked in an extreme bear market. But now, after this week's action, Gold is in a much better position, and with the possibility of upside ahead. (Glossary of Cycle terms)
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Monday, May 18, 2015
Are Gold and Interest Rates About To Take Off Higher? / Commodities / Gold and Silver 2015
- Major bullish breakout in precious metals and commodities on weak US economic data.
- Rising interest rates and a declining US dollar could be the catalyst.
- General Equity market may be topping after four year rally along with US bonds.
- Commodities, Energy and Metals may attract value bargain hunting investors.
- Two Junior Miners led the entire OTCQX exchange of over 10k companies spanning all the major sectors.
Monday, May 18, 2015
Silver Price Projections For 2020 / Commodities / Gold and Silver 2015
I recently published an article projecting possible prices for gold in the year 2020 based on the S&P 500 Index and the ever increasing population adjusted US national debt. I assumed three scenarios and three different gold projections. Time will tell regarding gold prices, but what is nearly certain is that national debt will exponentially increase. Further, over 30 years, the sum of the S&P and gold have increased similarly to the population adjusted national debt.
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Sunday, May 17, 2015
China Stockpiles 30,000 Tons of Gold to topple US Dollar / Commodities / Gold and Silver 2015
China is waiting for the right moment to remove the US dollar from economic reign. Once the US dollar loses its leadership, China plans to make the yuan world's first currency.
According to Duowei News, to ensure its domination, China is saving up gold. According to unconfirmed reports, China already has about 30,000 tons of the precious metal. If this is true, it means that China will be capable of brining the US dollar down in an instant.
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Sunday, May 17, 2015
Gold, Silver Distorted Markets, Financial Sophistry, and Moral Hazard / Commodities / Gold and Silver 2015
There was intraday commentary here that included an interesting perspective from the audacious one percent and their enablers.
And there was another about the current state of political discussion in Britain, a recent awkwardly stated reflection by the Prime Minister that may have revealed the mindset of their powerful, and its possible relationship with the continuum of politics and 'statism' here.
Oddly enough, both seem to have some implications for another question that was raised by a reader who shared this from another site. It was in reference to a posting earlier this week at Le Café that showed that the number of potential claims on actual available gold at the Comex was back to a record high.
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Saturday, May 16, 2015
Gold And Silver - Elite's Game Of Jenga In Place. Your Move / Commodities / Gold and Silver 2015
Last week, we addressed how China's growing leadership and economic dominance is raising more questions than answers. A Part II, of some sort was planned, but instead, the focus is on the ultimate reptilian society builders, aka the New World Order. By reptilian, we mean cold-bloodedly treacherous, a rather apt description of the stealth and essentially invisible movers of the world.
There was a disturbing comment made by NWO-sycophant Harlan K Ullman, a high-level advisor to major Western world policy makers. In his myopic but upper echelon pervasive point of view [POV], it is not rising powers like China and Russia that pose the biggest threat to the NWO [New World order], but "non-actors" like Edward Snowden, Bradley Manning. We will add Julian Assange, among the better known, and include all other anonymous "hackers" who actually pose a more direct threat to the Westphalian system because they are encouraging individuals to become self-empowered, eviscerating state control.
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Saturday, May 16, 2015
Are Gold and Silver Stocks Breaking Out? / Commodities / Gold and Silver Stocks 2015
There is some talk among traders about precious metals breaking out. Silver broke a trendline dating back to summer 2011 and will make its highest weekly close in more than three months. Gold will make its highest weekly close in three months and gold miners had a very strong week. However, do these moves really register as breakouts? Not quite yet say the charts.
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Saturday, May 16, 2015
Silver Buying Only Starting / Commodities / Gold and Silver 2015
Silver has enjoyed a fantastic week, awakening from its bottoming slumber to surge with gold. And this strong silver investment demand is likely only starting. American stock traders and futures speculators control two of the world’s largest pools of capital active in the silver market. And the former group still remains woefully underinvested in silver, while the latter still has massive short positions left to cover.
The global leader in fundamental silver analysis is the venerable Silver Institute, a think tank primarily funded by the world’s biggest and best silver miners. Every year, it publishes excellent comprehensive data on global silver supply and demand. Last year, total worldwide silver demand ran 1067m ounces. But investing in silver coins, bars, and ETFs only accounted for 197m, less than 1/5th of total demand.
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Friday, May 15, 2015
This “Bubble” Is Set to Kick Off New Energy Profits / Commodities / Oil Companies
MoneyMorning.com Dr. Kent Moors writes: The tide is beginning to turn for crude oil prices.
Following some nice recent gains and despite leveling out yesterday, the market currently remains at just above $60 a barrel for West Texas Intermediate (WTI) crude oil futures in New York.
The recent rise in prices would seem to be just what the smaller operators in the U.S. need to avoid a sector meltdown.
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