Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, January 30, 2015
Impending US Dollar Peak Should be Catalyst for Gold Price / Commodities / Gold and Silver 2015
Gold has performed very well under the circumstances of declining inflation and a surging US$ index. Since 2014 the US$ index is up nearly 18% while Gold is up 3%. Since Gold's November low the US$ index is up over 10%. Had we known that at the time, we'd have thought Gold would be headed for $1000 and not the $1300 it recently hit. At present, the US$ index appears ripe for a correction or major pause in its uptrend. Given that Gold is priced in US$ and that Gold has shown strength in real terms, sustained US$ weakness could be a major boon for Gold and precious metals as a whole.
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Friday, January 30, 2015
Silver and Other Precious Metals To Manipulate / Commodities / Commodities Trading
Here is a quick update for the silver surfers out there.
I mentioned today that the Australian Dollar was taken out to the woodshed and given a sound thrashing. Silver must have been dragged out there as well because it was beaten with the proverbial ugly stick.
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Friday, January 30, 2015
Silver Investor David Morgan: Industrial Demand, Looper (Film), Dividends & Oil / Commodities / Gold and Silver 2015
How long have you been investing in silver?
Since my early 20’s, once I had a job and some sort of cash flow that was the real beginning. I did buy a few silver coins as a kid but nothing of significance.
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Friday, January 30, 2015
Seen the Energy Downturn Movie Before, and Not Worried / Commodities / Energy Resources
With oil and gas prices down, it's time to cull the herd, sell marginal producers and double down on the strong ones in your portfolio, says Michael Waring, founder of Galileo Global Equity Advisors Inc. In this interview with The Energy Report, Waring explains that this kind of correction happens every 10 years in this space. It presents opportunities for companies to improve and investors to profit—and he names four companies he considers most likely to succeed.
The Energy Report: Michael, you said in November that the Organization of the Petroleum Exporting Countries (OPEC) expected the U.S. to share in reducing production growth to help stabilize the oil market. Have events justified that expectation?
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Thursday, January 29, 2015
Increasing Demand For Refined Products Will Increase Crude Oil Prices / Commodities / Crude Oil
Dan Steffens writes: In last week's article I posted a chart from the International Energy Agency'srecent Oil Market Report that shows global demand for refined products catching up to supply by the 3rd quarter of this year. My opinion is that all of the analysts who are now blaming the sharp drop in oil prices on a "glut" of supply could change their tune quickly as consumers adjust to lower fuel costs. Just as higher costs reduce demand for any commodity, lower costs will increase demand. This is especially true for a commodity that has a direct impact on standard of living, like oil does.
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Thursday, January 29, 2015
Saudi Arabia Changes Kings, But Not its Oil Policy / Commodities / Crude Oil
Dr. Kent Moors writes: Last Friday, I appeared on CNBC’s “Closing Bell” to discuss the new Saudi King Salman and his impact on oil prices.
The interview was set up on a flight back to Pittsburgh, and took place via satellite feed almost as soon as I landed.
Now, these hastily put together appearances can be somewhat trying if the anchors are not up to speed on the material.
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Wednesday, January 28, 2015
Crude Oil Price Bulls vs. Resistance Zone / Commodities / Crude Oil
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
On Tuesday, crude oil gained 1.55% after mixed U.S. data weakened the greenback. As a result, light crude climbed above $46, but the nearest resistance still keeps gains in check. Will we see higher values of the commodity in the coming days?
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Wednesday, January 28, 2015
The Great "inflated" Expectations for Gold, Oil, Commodities -- and Now Stocks / Commodities / Gold and Silver 2015
What's Bigger Than a $1.4 Billion Mortgage Ratings Scandal?
Last chance to get prepared for the major moves in U.S. stocks, commodities, gold, USD and more for 2015 and beyond -- Elliott Wave International's free State of the U.S. Markets online conference ends Wednesday! Register now and get instant access to a free video presentation from market legend Robert Prechter plus all of the great insights from our most recent publications and presentations from our key analysts.
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Wednesday, January 28, 2015
There’s More to the Gold Price Rally Than European Market Fears / Commodities / Gold and Silver 2015
Gold was down 1.72 percent at the end of 2014, but things are looking up for the yellow metal. Last week I returned from presenting at the Vancouver Resource Investment Conference, where sentiment for gold was through the roof.And with good reason. Even though gold was down last year, it still ranked as the second-best-performing currency following the U.S. dollar. The metal has risen about 10 percent year-to-date, and last Tuesday, for the first time since mid-August, it broke through the $1,300 mark.
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Tuesday, January 27, 2015
Gold's Time Has Come / Commodities / Gold and Silver 2015
December 1987 to March 1993: Gold fell 36% in 5.3 years
February 1996 to July 1999: Gold fell 40% in 3.4 years
August 2011 to November 2014: Gold fell 40% in 3.3 years
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Tuesday, January 27, 2015
Gold and Silver Stocks Investing Basics / Commodities / Gold and Silver Stocks 2015
Investing in mining equities can get rather complicated but Heiko Ihle, managing director at H.C. Wainwright & Co., says precious metals equity investors need to focus on just three criteria: jurisdiction, management and asset viability. In this interview with The Gold Report, he explains his rationale and discusses several of his preferred gold and silver names.
The Gold Report: Do you have a price forecast for gold and silver for 2015?
Heiko Ihle: Our long-term prices for gold and silver are $1,200/oz and $17.50/oz, respectively. We recently lowered those prices from $1,300/oz and $20/oz given current market prices.
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Monday, January 26, 2015
Is the Gold Price Rally Over? / Commodities / Gold and Silver 2015
Briefly: In our opinion speculative short positions (half) are currently justified from the risk/reward perspective.
Gold’s rally took place along with the U.S. dollar’s rally and this was encouraging for gold bulls, but gold’s reaction after the 1,140 billion euro QE program was announced was very disappointing. Is the rally over and will the gold market plunge once again?
In short, it’s possible, but not imminent. Let’s move right to the charts (charts courtesy of http://stockcharts.com).
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Monday, January 26, 2015
Risk of New Debt Crisis After Syriza Victory In Greece / Commodities / Gold and Silver 2015
The crushing victory of the Greek opposition party Syriza in yesterday’s Greek elections has added to jitters in already jittery financial and foreign exchange markets.
The euro tumbled and gold in euros surged to its highest level since April 2013, at €1,167.94/oz as markets opened in Asia. The euro has since stablised but remains near a 11 year low against the dollar and is now down 16.7 per cent against gold in January alone.
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Monday, January 26, 2015
Comprehensive Silver Price Chart Analysis / Commodities / Gold and Silver 2015
Five days ago silver broke out of an inverse H&S bottom that has temporarily reversed the downtrend. I measured the more conservative price objective using the higher low instead of the Swiss spike low which comes in around the 19.80 area on the log chart. It will be interesting to see if the Swiss spike low will be the ultimate low for the bear market or just a short to intermediate low. Sometimes big trends can end with one last shake out of the weak hands similar to the Swiss spike low.
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Monday, January 26, 2015
Decoding the Gold COTs: Myth vs Reality / Commodities / Gold and Silver 2015
Over the many years that I have been writing about the commodity futures markets, I have tried to make a point of homing in on the fact that it is the presence of high-powered speculative money flows that drive market action.
Whenever commentators speak of fundamental factors that should go into determining the price of any commodity, they tend to generally speak in terms of demand for the physical product versus the amount of supply for that same product. More often than not, omitted from the discussion is the role that speculators play.
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Sunday, January 25, 2015
Gold And Silver Timing Is Most Important Element / Commodities / Gold and Silver 2015
"Excuse me, sir, do you have the time?"
In a Clinton-esque response: "It depends on what the definition of "time" is."
Throughout much of 2013 and all of 2014, there were numerous stories/reports out on what would have to be considered as very bullish prospects for the prices of gold and silver. There were calls for gold to rally anywhere from $3,000 to over $25,000 the ounce, $100 to over $500 the ounce for silver. Almost no one called for both metals to make new recent lows by the end of 2014, where gold was $1,180 and silver $15,50. This was a far cry from even the most conservative bullish calls for much higher prices by the end of 2014.
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Sunday, January 25, 2015
Gold Price Maintains Strength while Large Miners Reach Resistance / Commodities / Gold and Silver Stocks 2015
In recent days and weeks we noted key levels for Gold at $1250 as well as $1270-$1280. Over the past two weeks Gold easily cleared $1250 and continued to $1300. Today it is trading around $1290 and will close above its 80-week moving average for the second consecutive week. That last happened in late 2012. Gold continues to show strength and far more bullish than bearish signs.
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Saturday, January 24, 2015
Bitcoin Price Rebound Might Be Coming to an End / Commodities / Bitcoin
Briefly: no speculative positions.
News broke that the Winklevoss brothers, twins who battled Facebook founder Mark Zuckerberg in court, are out there to create a fully-regulated Bitcoin exchange. As a matter of fact, they're already working on it and their team seems to have made some progress, we read in a DealBook article:
Read full article... Read full article...Now two of the biggest boosters of the virtual currency, Cameron and Tyler Winklevoss, are trying to firm up support by creating the first regulated Bitcoin exchange for American customers -- what they are calling the Nasdaq of Bitcoin.
Saturday, January 24, 2015
Stock Traders Flock to Gold GLD ETF / Commodities / Gold and Silver 2015
Gold surged this week on massive buying from stock investors and speculators. This critical group of traders and their vast pools of capital utterly abandoned gold in the past couple years. So to see them start to flock back is a watershed event, heralding a major reversal in gold’s fortunes. And with their gold exposure remaining near extreme lows, they have vast buying left to do to restore prudent portfolio diversification.
Successful investors have always practiced this essential concept of not putting all their eggs in one basket. This great wisdom is ancient, stretching back at least three millennia to King Solomon’s reign in ancient Israel. In the Biblical book of Ecclesiastes he advised, “Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.” Portfolio diversification is absolutely critical.
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Saturday, January 24, 2015
Gold in Euros Surges As ECB To Print Trillion Euros and Greek Election This Sunday / Commodities / Gold and Silver 2015
Stocks, bonds and precious metals surged yesterday as markets cheered the latest wave of money printing on a grand scale.
Gold surged 3 per cent in euro terms (see chart below) after Mario Draghi in the ECB announced a massive quantitative easing or QE programme of over EUR 1 trillion from March 2015 to September 2016.
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