Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, February 09, 2015
Crude Oil Price Capitulation Phase / Commodities / Crude Oil
After a long and relentless decline, the Crude market has finally enabled us to anchor its Cycles. Up until 2 weeks ago, Crude was locked in a clear crash Cycle, which made it impossible to expect anything other than a continuation of the crash. But now that Crude has reversed with a 20% rally, its moves are clearly the start of a new intermediate term Cycle.
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Monday, February 09, 2015
Gold Price Consolidation Continues / Commodities / Gold and Silver 2015
This week precious metals continued to consolidate January's gains in volatile financial markets, with both gold and silver range-bound. Platinum and palladium are up on the week, noticeably stronger than gold and silver. Physical and paper markets appear to have been behaving differently, with prices tending to be firm in London (where physical deliveries take place) and weaker in New York (which is overwhelmingly derivative trading), though at the close of trading in New York prices appeared more often than not to steady ahead of the Asian markets opening.
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Sunday, February 08, 2015
Gold and Silver Precious Metals Sector Pitchfork Analysis / Commodities / Gold and Silver Stocks 2015
Bryan Post writes: Gold and Silver had become overbought in recent weeks along with many of the mining stocks. On Friday the sector took a turn lower with Gold and Silver both dropping through major support levels.
Our trading plan doesn’t allow for shorting the precious metals sector so at this point we are waiting for the pullback to complete before taking new positions.
If you are accumulating the sector on weakness these symbols are displaying relative strength: NEM, SLW, CDE, HL and PAAS.
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Sunday, February 08, 2015
Has Crude Oil Price Finally Bottomed? / Commodities / Crude Oil
Has oil finally bottomed? I think yes… well at least temporarily. Let me explain.
The main culprit driving the CRB and oil down over the last 7 months has been the powerful surge in the dollar.
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Sunday, February 08, 2015
Gold Commitments of Traders and More / Commodities / Gold and Silver 2015
The COT report explains the reason we saw such a dramatic drop in the gold price ( along with all of the other safe havens such as bonds and the Yen) today once the payrolls number hit the wires.
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Saturday, February 07, 2015
Gold And Silver – Forget The News. Silver $12 – 14? Gold $1,000 – 1,100? / Commodities / Gold and Silver 2015
How are all them facts and figures about gold/silver accumulation by China, Russia, India, et al, shortages at the COMEX, LMBA for delivery of the [non-existent]physical metal, drainage of GLD, unprecedented public demand for coins, accompanied by pretty graphs and charts, working out?
Question – where are the results of all, and we mean all of the above considerations, and more? Have these factors [and they are legitimate], driven the price of gold and silver to unprecedented levels? If not unprecedented levels, have they driven the price of gold and silver to $1,400 and $25? If not, why not?
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Saturday, February 07, 2015
Gold Chartography 101 - The Case for Gold Ownership in Ten Charts / Commodities / Gold and Silver 2015
... you will never see on CNBC.
"What's past is prologue." – William Shakespeare, The Tempest
These charts summarize gold's impressive performance during the tumultuous first fourteen years of the 21st century. Investors fearing some future Black Monday, a general bank or currency collapse, a 1930s-style economic depression, or a sudden and virulent inflation took precautions by purchasing gold coins and bullion as a form of portfolio insurance. Gold Chartography 101 is a record of that past. At the same time, though, it could very well be a glimpse of the future.
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Friday, February 06, 2015
Is Russia Planning a Gold-Based Currency? / Commodities / Gold and Silver 2015
Marcia Christoff-Kurapovna writes: The “perfect-storm” of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow's international standing, and possibly for the long-term. Yet, it is precisely such conditions that may push the country’s leadership into taking the radical step that will secure its world-player status once and for all: the adoption of a gold-exchange standard.
Though a far-fetched idea at first glance, many factors suggest that remonetization in gold may be a logical next step for Moscow.
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Friday, February 06, 2015
Gold Stocks Volume Growing / Commodities / Gold and Silver Stocks 2015
There’s no doubt the gold-mining stocks remain deeply out of favor, collateral damage from the Fed’s gross financial-market distortions of recent years. But sentiment is shifting, with stock traders starting to regain interest in this left-for-dead sector. Gold-stock trading volume is really growing as capital returns. And since higher volume is an essential precursor to major new uplegs, its growth is a very bullish portent.
The leading gold-stock sector benchmark these days is Van Eck Global’s Gold Miners ETF, which is better known by its symbol GDX. Its excellent basket of the world’s elite gold and silver miners, which are effectively market-capitalization weighted within this ETF, deftly mirrors the stock-market fortunes of this entire industry. And they’ve certainly been ugly thanks to the Fed’s artificial stock-market levitation.
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Friday, February 06, 2015
Silver Price Losing its Grip of the Recent Uptrend / Commodities / Gold and Silver 2015
Though still rising (for now) amid higher-highs and higher-lows, Silver is beginning to show signs of losing its grip on the uptrend established from its December low.
After peaking at $18.50 upon brief encounter with a well-established bearish and declining 200-day average, the dollar-price of silver today is breaching its short-term uptrend line.
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Friday, February 06, 2015
Gold & Gold Stocks Consolidate at Resistance / Commodities / Gold and Silver Stocks 2015
Gold and gold mining shares rebounded strongly from the end of December through the first three weeks of January. Over the past several weeks the sector has digested those gains while holding above rising 50-day moving averages. The sector is nearing a bit of a decision point where either a breakout could occur or further corrective activity.
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Thursday, February 05, 2015
Long-term Relationship Between Gold and Crude Oil Price Challenged / Commodities / Gold and Silver 2015
Wall Street breathed a sigh of relief this week after a case of the jitters the last couple of weeks. Fears over a deflationary plunge in the euro zone had sparked an increased demand for safe haven assets, including gold and silver. The decline to multi-year lows in the crude oil market as recently as a few days ago also fed into investors’ desire for safety. In the last couple of days, however, those fears have at least momentarily abated as the oil price has rallied while Treasury prices and the U.S. dollar have declined. Consequently, gold and silver safe haven demand has declined in recent days.Read full article... Read full article...
Thursday, February 05, 2015
HUI Gold Stocks Chartology... Past Present and Future / Commodities / Gold and Silver Stocks 2015
Today I would like to look at the precious metals complex and see how things are moving along. Consolidating would be an understatement. The PM complex has been in a very large consolidation pattern going all the way back to the June 2012 low where the HUI, GLD and SLV all bottomed together. From that low all three have been chopping in a falling type pattern making lower lows and lower highs. The combo chart below shows the three distinct but slightly different 18 month consolidation patterns starting at the June of 2013 low. The top chart shows the HUI that has yet to put in a 6th reversal point in it's big consolidation pattern. It doesn't have to have a 6th reversal point as it already has enough but if it does the top rail would come in around the 240 area.
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Thursday, February 05, 2015
Coffee Market Brewing Something Big / Commodities / Coffee
The coffee price has held up at a critical juncture and is now set to explode higher. Let’s take a look at the charts.Read full article... Read full article...
Wednesday, February 04, 2015
Marc Faber says Short Central Banks and Buy Gold / Commodities / Gold and Silver 2015
Faber: “Only one way to short central banks and that is to buy gold”.
Marc Faber warned at the weekend that 2015 may be the year that investors will lose confidence in central banks and that investors will “suddenly realise what a scam that central banking is”.
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Wednesday, February 04, 2015
Gold GDX ETF Technical Analysis / Commodities / Gold and Silver Stocks 2015
The Market Vectors Gold Miners ETF (GDX) is an equity index that provides exposure to small, medium and large sized companies that generate most of their revenues from gold and/or silver mining. It is listed on the American Stock Exchange (AMEX) with price last trading at $22.45.
Let's take a top down approach beginning with the monthly chart.
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Wednesday, February 04, 2015
Bottom-Fishing Opportunities in Base Metals, Especially Zinc / Commodities / Metals & Mining
Copper is off to a rough start in 2015 and while other base metals have also shown price weakness, zinc could finish 2015 strong, says Stefan Ioannou, mining analyst with Haywood Securities. He estimates that over the previous two years about 12% of global zinc production ceased and more will end soon, ultimately leading to a run in the zinc price in late 2015 and into 2016. In this interview with The Mining Report, Ioannou discusses his top zinc pick and some high-grade, low-cost copper producers with zinc production profiles.
The Mining Report: Copper has fallen about 12% in 2015 and other base metals are seeing significantly weaker support after the World Bank said it expects the global economy to slow by as much as 1% this year. Is the bull market for commodities over or is this a pause in an otherwise bullish cycle?
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Wednesday, February 04, 2015
Gold and Silver - Playing Their Game / Commodities / Gold and Silver 2015
My Subscribers and I were prepared for Thursday’s and continuing assault on the Precious Metals – here is how we knew to expect a pullback:
In the long run we anticipate that gold and silver will offer reliable protection in an environment where governments are using the printing press to meet expenses.
Tuesday, February 03, 2015
Why Crude Oil Price Is Headed to $200 a Barrel / Commodities / Crude Oil
David Fessler writes: Editorial Note: As promised last week, here is David Fessler’s rebuttal to Sean Brodrick’s piece, “3 Reasons Why Crude Will Stay Under $50 Through 2015.” If you read the title of today’s article, you might think Dave and Sean have vastly differing opinions on the direction oil is heading. But to the contrary, both agree prices will move higher... the only question is, when? To help confirm his assertions, Dave reached out to an oil industry connection who served as president of one of the largest producers in the world.
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Tuesday, February 03, 2015
Exponential Explosions in Debt, the S&P, Crude Oil, Silver and Consumer Prices / Commodities / Gold and Silver 2015
In 1913 the US national debt was less than $3 Billion, gold was real money, and a cup of coffee cost a nickel.
By 2015 the US national debt had increased to over $18,000,000,000,000 ($18 Trillion), the gold standard was called a “barbarous relic,” most currencies had devolved into fiat paper and digital symbols backed by insolvent governments, and a Grande soy cinnamon latte, double pump, triple shot, extra hot, with sprinkles cost about five bucks.
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