Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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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Friday, May 15, 2015
German Gold Demand "Spikes"- Investment Demand Surges 63% / Commodities / Gold and Silver 2015
- Global gold demand marginally lower but robust – WGC
- Gold investment demand surges 63% as jewellery demand falls
- German gold demand spikes 20% in first quarter
- France, Switzerland and Austria see “double digit” rise in demand
- Fear of conflict with Russia, ‘Grexit’ and currency debasement
- Indian gold demand rises 15%
- Germany knows lessons of history and Weimar hyperinflation
Friday, May 15, 2015
Dry Bulk Shipping Index Chart Analysis Update 2015 / Commodities / Commodities Trading
In 2012 we thought we had identified a 13 year cycle in the shipping industry. Then in mid-2012 we published this report detailing the cycle and anticipating a rally in rates: https://caldaro.wordpress.com/2012/09/27/dry-bulk-shipping-industry/. The rally in rates did occur as the BDI more than tripled by late-2013. As a follow up to that we report we published an update in late-2013, which we got all wrong: https://caldaro.wordpress.com/2013/12/08/dry-bulk-shipping-update/.
Rates peaked a few days after that report and started to decline. The decline retraced much of the 2013 gains, but rates again turned higher in the second half of that year. Right around November 2014, as we were preparing to write an update, rates turned down again. This downturn took the Baltic Dry Index (BDI) to its lowest level since the index was created in the 1980’s, exceeding the 554 reading in July, 1986. Clearly the 13 year cycle had been usurped by market forces: diminishing demand and oversupply of worldwide tonnage.
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Thursday, May 14, 2015
The Next Gold Bull Market Starts Before October / Commodities / Gold and Silver 2015
I’m going out on a limb: I think the next bull phase in the gold market gets underway before October.
Why?
China.
But not due to runaway demand…
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Thursday, May 14, 2015
Gold and the Trouble with Cash / Commodities / Gold and Silver 2015
When interest rates are zero and it costs a bank to look after your money it becomes an unattractive asset. Banks in some jurisdictions (such as Switzerland, Denmark and Sweden) are even charging customers interest on cash and deposits. And if you go to your bank and withdraw large amounts in the form of folding notes to avoid these charges you will be lucky if you are not treated as a sort of pariah. For the moment, at least, these problems do not extend to sound money, in other words gold.
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Thursday, May 14, 2015
Commodities on the Rebound / Commodities / CRB Index
The last commodity update, https://caldaro.wordpress.com/2013/05/19/commodity-bear-market/, detailed our bearish view on most of the sectors. Since then many of the commodity sectors have sold off during 2013/2014. This update will suggest some sectors may have just started Primary wave counter-trend rallies that could last for a few years. First a look at commodities in general.
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Thursday, May 14, 2015
Lumber Lambasted / Commodities / Commodities Trading
Lumber has been punished lately with around 30% lopped off the price already this year. The bulls have walked the plank and exclaimed “Shivers me timbers!”
Alright, enough hijinx. Let’s analyse the technicals using the weekly, monthly and yearly charts.
Thursday, May 14, 2015
GOLD and Crude OIL Elliott Wave Analysis / Commodities / Commodities Trading
Gold is going higher following our 4 hour chart count to complete a wave C in ending diagonal pattern larger degree. We would like to see this metal to go through 1.213 price point which will confirm that current path is further up. If we measure A from last lows and project it to measure wave C, target for this move should be between 1.245-1.250 levels.
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Thursday, May 14, 2015
What Might be behind Gold Price Jump / Commodities / Gold and Silver 2015
Over the years, I have written occasionally about the connection between the demand for U.S. government debt and quantitative easing. My contention is straightforward. The primary determinant for quantitative easing is not, as we are constantly told, to keep the unemployment rate down, nor is it to stimulate the economy. (I emphasize the word “primary” as opposed to the word “only”) It is to support the government debt market and keep government in business – not just in the United States but wherever it is employed.
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Wednesday, May 13, 2015
Silver Bullion Buying Outstripping Supply – Solar Demand Ramps Up / Commodities / Gold and Silver 2015
- Silver one of most undervalued assets in world today
- Fundamentals for silver market very strong
- Total demand for silver outweighed supply by almost 22% last year
- Industrial demand set to surge as solar energy projects are expanded
- Artificially low prices have forced some mines out of business which may lead to a supply crunch
- Smart money including JP Morgan acquiring silver
- Silver to outperform assets including gold
Wednesday, May 13, 2015
Debunking the Newest Crude Oil Price Myth / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: We've seen massive shifts in crude oil prices in recent weeks.
Of course, this has brought back some rather specious arguments by talking heads on TV and pundits spinning the next Armageddon scenario.
The latest is about how rising oil prices will prompt more volume to come online from a particular type of well (called DUCs), sending oil into another tailspin.
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Wednesday, May 13, 2015
Saudi Arabia Continues To Turn Screws On U.S. Oil Shale / Commodities / Crude Oil
Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers.According to OPEC's latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a slight increase over the previous month's total of 10.29 million barrels. That was enough for the de facto OPEC leader to claim its highest oil production level in more than three decades.
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