Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Saturday, November 29, 2014
Crude Oil Price's Ups and Downs / Commodities / Crude Oil
By: John_Mauldin
Today’s Outside the Box is special, because I’m about to give you a preview of things to come at Mauldin Economics. For months now I have been saying to my partners that we need to develop a service for the professionals who read me – the financial advisors, portfolio managers, family offices… you know who you are. And I’m excited to tell you that we are very close to making this service a reality. It will be called Mauldin Pro, and it will feature global macro and geopolitical research and analysis, portfolio recommendations, monthly interviews with some of the best talent in the business, and quarterly seminars to help you improve your game.
Saturday, November 29, 2014
Black Friday for Gold and Silver / Commodities / Gold and Silver 2014
By: Jordan_Roy_Byrne
Black Friday has a few meanings. It has the retail connotation and interestingly also marks a Friday in September 1869 when the Gold price plummeted after two speculators attempted to corner the market. Today wasn't that bad for precious metals but it was a Black Friday given the severe selloff and the particular day and time of year. Gold declined over 2% and Silver lost nearly 7% while gold miners slipped 8% (GDX) and nearly 12% (GDXJ). Oil drove the decline but showed how vulnerable precious metals still are. Black Friday marked the end of the current rebound while raising the probability that Gold has yet to bottom.
Friday, November 28, 2014
Crude Oil Collapse, Gold’s Drop and Oil-driven Credit Collapse Worries / Commodities / Commodities Trading
By: Michael_J_Kosares
We all know that the major central banks around the world are on the same page when it comes to inflation: They want it higher. One member of the European Central Bank’s executive board, Yves Mensch, went so far as to suggest that Europe’s central bank might buy gold in an effort to ratchet up the inflation rate.
Today OPEC decided to take no action to stem the glut of oil depressing the price in global markets. The oil price is the chief driver of price inflation, thus with OPEC showing little interest in propping up the price, deflation starts to dominate market thinking. Thus the drop in various currencies – a miserable day for the British pound (the BoE is trying desperately to create inflation in the UK) – and the drop in gold.
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Friday, November 28, 2014
Now Might Be A Good Time To Sell Gold Short-Term Before The Bounce / Commodities / Gold and Silver 2014
By: Submissions
Nicholas Maithya writes: The price of gold has been on a gradual decline since hitting its best form and highest price ever in history in 2011 when it eclipsed $1,873 per ounce. The price of the yellow metal has experienced several dips and rebounds during this time, but at the end of the day, the main trend has remained the same all through, with the price falling to the current level of $1,193, the lowest level since 2010. This movement has been driven by a series of events that carry both fundamental and technical characteristics.
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Friday, November 28, 2014
Will The Swiss People Resist The Massive Anti-Gold Propaganda? / Commodities / Gold and Silver 2014
By: GoldSilverWorlds
In this article, Claudio Grass, Managing Director at Global Gold Switzerland, provides an update on the context in which the Swiss vote is taking place this weekend. On Sunday, November 30th, end of day, the world will know whether Switzerland is going back to a form of a gold standard or not. What are the key takeaways right before the results of the gold vote?
The most striking observation of the vote is probably the huge propaganda that has been going in November. Claudio Grass, being a Swiss citizen but also working in the precious metals industry, points out that in October there was no public debate whatsoever about the vote. The establishment has been very quiet on the topic and there were no plans for any exposure on TV or in other media.
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Friday, November 28, 2014
Dramatic Increase in Gold Flows into China / Commodities / Gold and Silver 2014
By: Submissions
David Smith writes: For over two thousand years, China practiced what came to be known as the “tributary system,” reflecting the view that it alone was the center of the civilized world. All who wished to do business with the Chinese were considered tributary states. Rulers and travelers from other lands had to follow certain procedures, including gift giving, in order to associate or do business with them.
When Japan ignored this policy, it brought about two invasion attempts by the Mongols under Kublai Khan.
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Friday, November 28, 2014
Netherlands, Germany Have Euro Disaster Plan - Possible Return to Guilder and Mark / Commodities / Gold and Silver 2014
By: GoldCore
The Dutch and German governments were preparing emergency plans for a return to their national currencies at the height of the euro crisis it has emerged. These plans remain in place.
Friday, November 28, 2014
Gold Waiting for Godot / Commodities / Gold and Silver 2014
By: Alasdair_Macleod
Alternatively, watching paint dry. That’s how it has felt this week with gold’s volatility slowing to a crawl ahead of Thanksgiving yesterday and the Swiss gold referendum on Monday. However, Open Interest[i] on Comex[ii], has suddenly collapsed for both gold and silver, indicating something interesting is going on.
Friday, November 28, 2014
Russia’s Gold Monetary Solution / Commodities / Gold and Silver 2014
By: Alasdair_Macleod
The hypothesis that follows, if carried through, is certain to have a significant effect on gold and the relationship between gold and all government-issued currencies. The successful remonetisation of gold by a major power such as Russia would draw attention to the fault-lines between fiat currencies issued by governments unable or unwilling to do the same and those that can follow in due course. It would be a schism in the world’s dollar-based monetary order.
Friday, November 28, 2014
Gold and Silver Price Discovery - When the Wrong Men Use the Right Means / Commodities / Gold and Silver 2014
By: Dr_Jeff_Lewis
I’m not a real farmer. But I suffer the lessons and I do my best when I talk with friends, neighbors, and families about the unintended benefits of ‘growing your own’…
..There is universal agreement about the problem of not really knowing where ‘the food’ comes from.
That may be at the core but is the basis for another fiasco of ignorance. The basic need for fair value underlies civil society; it is part and parcel to understanding where the food comes from.
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Thursday, November 27, 2014
Gold Price Would Soar on Possible Swiss Yes Vote / Commodities / Gold and Silver 2014
By: GoldCore
There are just 3 days left until the“Save Our Swiss Gold” referendum this Sunday. On November 30, voters in Switzerland will head to the polls to decide whether the Swiss National Bank (SNB) should back the Swiss franc with gold by increasing its gold holdings to 20% - up from current levels of 7%.
The conservative Swiss People's party proposed the initiative, called "Save Our Swiss Gold", with the intention of boosting the security and financial and monetary independence of Switzerland in these times of financial uncertainty. They believe that a 20% gold holding will protect the Swiss people from currency debasement, currency devaluation and an international monetary crisis.
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Thursday, November 27, 2014
Crude Oil Asset Bubble Trouble / Commodities / Crude Oil
By: Andrew_McKillop
Nothing Ikonic about the Gold / Oil Ratio
Assuming for discussion that a 15-to-1 ratio between the price of I Troy ounce of gold and 1 barrel of oil is a long-term average or “ikonic ratio”, ( http://www.zealllc.com/2005/gorex2.htm) this would apply for $2 oil and $30 gold as much as $120 oil and $1800 gold. But the asset bubbles built around oil and gold would be rather different, each time. Also, coming down and off highs for the gold price, or for the oil price, there would be major bloodshed among the related overpriced and now-irrational asset values, but in the case of oil assets this will include national budgets, national FX values and even global economic growth. Deflating an oil asset bubble has a lot more ramifying impacts than coming down from a high for gold.
Thursday, November 27, 2014
Silver Bear Still Looms Despte 10% Price Rally / Commodities / Gold and Silver 2014
By: Joseph_Russo
Rallying 10% from recent lows silver is nearing resistance
Per our last update, the prospect for some sort of pivotal turn-date occurring near Thanksgiving appears to be setting up as a plausible short-term pivot high rather than a long-term secular low. As I suggested weeks ago, this rally came as no surprise.
Wednesday, November 26, 2014
A Short Tale About the Grand Manipulation of Crude Oil Prices / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: Happy Thanksgiving from Dubai.
I’ll have much more to tell you about my meetings in Paris, Frankfurt, and here on the Persian Gulf coast next week.
But today I’d like to fill you in on an interesting wrinkle I’ve uncovered dealing with the ongoing saga of why oil prices are so low.
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Wednesday, November 26, 2014
China Secret Gold Buying ... How Could It Happen? / Commodities / Gold and Silver 2014
By: John_Mauldin
By Grant Williams
“How could it happen, Grandad?”
The old man’s eyes misted over as he looked down at his grandson, who sat at his feet, his young eyes alive with questions as he turned the heavy gold bar over in his hands.
”I’ve told you the story too many times to count,” said the man, half-pleading, but knowing full-well he’d soon be deep into the umpteenth retelling of a story he’d lived through once in reality and a thousand times more through the eager questioning of the young man now tugging at his trouser leg. “Why don’t I tell you the story of how I met your Grandma instead?”
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Wednesday, November 26, 2014
Gold and Silver Refreshing Resilience / Commodities / Gold and Silver 2014
By: Jesse
Gold and silver held their prices well today with silver actually gaining some ground. Not bad for the day after a Comex option expiration.
This Friday the December contract becomes active on first notice, so we might see some changes in open interest.
Not much to report in the delivery category, but the Comex warehouse show the continued drip, drip of bullion out of their domains.
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Wednesday, November 26, 2014
Nuclear Energy Returns to Japan, Forces Uranium to Step Up Its Game / Commodities / Nuclear Power
By: Jeff_Opdyke
A funny thing happened on the way to a nuclear-free world — Japan realized what a stupid idea that was.
You will probably recall that in the wake of the earthquake/tsunami/Fukushima nuclear disaster Japan shuttered its 50 nuclear power plants, which were supplying between 30% and 40% of the island-nation’s electricity needs. For the first time in more than three decades, Japan was totally dependent on non-nuclear fuels. The country became a poster-child for a nuclear-free future, and countries including Germany, Italy, Sweden and others followed suit, announcing they, too, would phase-out nuclear energy.
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Wednesday, November 26, 2014
Gold Price Spikes to $1,467.50/oz on Computer Glitch? / Commodities / Gold and Silver 2014
By: GoldCore
Gold spiked higher in many price feeds overnight and was $270 higher or more than 22% higher to $1,467.50/oz at one stage in what appears to have been some form of computer glitch.
There was speculation that the price spike which came while the COMEX was closed for 30 minutes was due to a series of charting errors or misprints, a bad price feed or a computer glitch. Another example of how technology is a great enabler but can also be a great disabler.
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Wednesday, November 26, 2014
Gold - So Bad It's Good: Surviving 2014 / Commodities / Gold and Silver Stocks 2014
By: The_Gold_Report
As we approach Thanksgiving in the States, Streetwise Reports reached out to some of our most popular experts for perspective on the natural resource market during this volatile time. While some thought 2014 was so bad it was good—for contrarian investors—others will be all too happy to see the year in the rearview mirror.
Streewise Reports: What is the 2014 development for which you are most grateful?
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Wednesday, November 26, 2014
Follow The Sand To The Real Fracking Boom / Commodities / Fracking
By: OilPrice_Com
When it takes up to four million pounds of sand to frack a single well, it's no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom.
Demand is exploding for "frac sand"--a durable, high-purity quartz sand used to help produce petroleum fluids and prop up man-made fractures in shale rock formations through which oil and gas flows--turning this segment into the top driver of value in the shale revolution.
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