Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, November 21, 2014
Junior Gold Miners (GDXJ) Breaking Three Month Downtrend? / Commodities / Gold and Silver Stocks 2014
For several weeks I have been expecting a major secular bottom in precious metals and the junior miner. I told you to watch for the accumulation after a shakeout. See the full article from several weeks ago by clicking on the following link.
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Friday, November 21, 2014
Better Tone for Volatile Gold Price / Commodities / Gold and Silver 2014
Gold has had a volatile week, but rose from $1147 last Friday afternoon to a high of $1205 on Tuesday. On Wednesday the price moved between down $25 on the latest opinion poll on the Swiss referendum, then recovered to $23 before falling again on the release of the Fed's FOMC minutes. However, despite these unsettling swings gold rose on the week by about $30 overall, making it two weeks in a row as shown in our first chart.
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Friday, November 21, 2014
Swiss Gold Poll Likely Tighter Than Polls Suggest / Commodities / Gold and Silver 2014
By Ronan Manly: There is just over one week to go before the Swiss gold initiative referendum on Sunday 30 November. The release of the latest opinion poll earlier this week shows a strengthening of opposition to the initiative at the expense of the yes camp, with the level of undecided voters still a significant component of the equation. Taking the ‘maybes’ into account, there are still, according to the latest poll, 37% of voters who are not definitely yes or definitely no at this stage.
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Friday, November 21, 2014
Gold's Volatility and Other Things to Watch / Commodities / Gold and Silver 2014
Gold's reversal from $1130 to $1200 combined with sharp rebounds in the gold miners has given precious metals bulls some hope that the bottom may be in. A few weeks ago we noted that the sector was extremely oversold and a snapback rally could begin. Gold has been the tell for the bear market and a real bull market throughout the precious metals complex may not begin until Gold's bear has ended. In this editorial we dig deeper into some things to watch as they pertain to Gold.
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Friday, November 21, 2014
Gold Price Now What? / Commodities / Gold and Silver 2014
Gold has been volatile in recent weeks. It broke down, then it bounced back up. So where does it currently stand?
Gold's timing will help us in identifying the lows and the steps upward towards a new bull market.
Chart 1 shows our favorite gold timing tool. As our older readers know, gold has had recurring cycles going back for years.
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Thursday, November 20, 2014
The Secret Advantage Gold/Silver Owners Have Over Everyone / Commodities / Gold and Silver 2014
Guy Christopher writes: A lot of folks took advantage of recently falling gold and silver prices to beef up their precious metals holdings.
Those adding to their portfolios understood the old adage of buying low and selling high. Unfortunately, others wait until dollar values of gold and silver have zoomed before deciding to convert their paper money.
Thursday, November 20, 2014
Iran Nuclear Negotiations, OPEC Meeting Loom For Oil Markets / Commodities / Crude Oil
As November draws to a close, there are two major events that could profoundly change the oil markets.
With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program. The two sides have made substantial progress, but some difficult issues remain unresolved ahead of the November 24 deadline.
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Wednesday, November 19, 2014
Gold Manipulation - Efficient Markets Driven By Symmetrically Available Information - Algorithic! / Commodities / Gold and Silver 2014
"What a piece of work is a man, how noble in reason, how
infinite in faculties, in form and moving how express and
admirable, in action how like an angel, in apprehension how like
a god! the beauty of the world, the paragon of animals." - William Shakespeare, Hamlet
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Wednesday, November 19, 2014
Gold Rises After Unusual Russian Central Bank Gold Buying Announcement / Commodities / Gold and Silver 2014
Russia’s central bank bought about 150 metric tons of the metal this year, announced Governor Elvira Nabiullina yesterday. The pronouncement immediately created buying in the market, prompting gold to rise to a two week high at $1,200 an ounce.
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Wednesday, November 19, 2014
Why Gold and U.S. Dollar Do Not Always Move Inversely? / Commodities / Gold and Silver 2014
Arkadiusz Sieron writes: The strength (or weakness) in the U.S. dollar is one of the most important drivers of price of gold. However, this is not always true and there are times when they rise or fall simultaneously. The positive correlation between U.S. dollar and gold occurred, for instance, from May through December 1993, from May until November 2005, and at the turn of the 2008 and 2009.
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Wednesday, November 19, 2014
Gold & Silver Timing and Flexibility is the Key to a Successful Trade / Commodities / Gold and Silver 2014
Background
Gold has not glistened since the summer of 2011 when a substantial rally took it to an all-time record price of $1900/oz.
Since then however it has been a one way trek south punctuated by an occasional weak rally or head fake. Gold’s inability to sustain a meaningful move to higher ground has been damaging to any portfolio that has acquired gold, silver or the associated mining stocks over the last 3 years or so. Gold’s bull market lasted for 10 years from 2001 to 2011 before its rally came to an end. One can be forgiven for expecting such a rally to continue indefinitely as the same data which supported the precious metals surge were more or less still in place. Gold’s fall from grace can be attributed to many reasons including the attraction of a roaring stock market, resurgence of the US dollar, cost of storage, poor sentiment, etc. Depending on the time that one entered this market determines ones current p/l position. Those who purchased gold, silver and the producers in the early years of this bull market will be sitting on handsome profits, assuming they had a buy and hold strategy. For those who are relatively new to this sector of the market it has been a roller coaster of a ride with values being in a progressive state of deterioration.
Wednesday, November 19, 2014
Forget About Crude Oil Price Testing 2009 Low / Commodities / Crude Oil
Oil has hit a slick recently with price sliding over 30% in the last five months. There are now calls for price to potentially test the 2009 lows. While I think this is a bit extreme, let’s investigate the charts to see what the evidence there suggests.
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Tuesday, November 18, 2014
How to Profit From Oversold Crude Oil Price / Commodities / Oil Companies
Christopher Rowe writes: There's a seismic macroeconomic shift going on right now. It's happening on a global scale, and it will shake up investment portfolios everywhere in the world.
Mistakes will be made, but fortunes will be made, too.
The price of oil is at a four-year low, and investors are asking these questions:
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Tuesday, November 18, 2014
ECB Buy Gold Bullion? Japan's Monetary Policy Dubbed "Ponzi Scheme" / Commodities / Gold and Silver 2014
Concerns about deflation, recession and a return to the Eurozone debt crisis, may see the ECB follow Japan and print money to buy assets including shares, exchange traded funds and physical gold.
Counter intuitively, gold prices fell on the quite bullish news. In marked contrast to the sharp falls gold saw on the mere rumour of small Cyprus selling their miniscule gold reserves. Such odd trading leads to continuing concerns that the precious metals markets are still being manipulated.
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Tuesday, November 18, 2014
Gold, Silver, Crude and S&P Ending Wedge Patterns / Commodities / Gold and Silver 2014
Gold and silver prices have been trading in declining wedge patterns since 2011. Crude has traded in a flat to down wedge pattern for five years, and the S&P has been moving inexorably higher since early 2009 in a contracting wedge.
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Tuesday, November 18, 2014
GOLDZILLA / Commodities / Gold and Silver 2014
“History shows again and again how nature points out the folly of man” –Blue Oyster Cult, Godzilla
I would have written off the gold sector long ago in its ongoing bear market had I thought for one moment that gold’s utility as insurance against the acts of monetary madmen/women in high places had been compromised in any way. On the contrary, the monetary metal is simply having its price marked down in a bear market while its value, especially given its current price and all that has gone on in the financial system over the last 3 years remains just fine.
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Tuesday, November 18, 2014
Has the Gold Bear Trap Been Set / Commodities / Gold and Silver 2014
We finally have some movement within the gold complex, and for a welcomed change, it’s to the upside. It has been dicey lately, as the back and forth daily swings have been unnerving. It’s not common within bear markets to see an asset form a Cycle Low and then just take off to the upside. This is why anyone trading the precious metals sector needs to understand that the Long traders carry with them a lot of anxiety. Past experiences have them guarded, which is why we see these frequent quick intra-day reversals…they’re spooked far too easily.
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Monday, November 17, 2014
Are Crude Oil's Bears Over? / Commodities / Crude Oil
Trading position (short-term; our opinion): Long positions with a stop-loss at $72.78 are justified from the risk/reward perspective.
Although crude oil hit a fresh four-year low on Friday, the commodity rebounded sharply as upbeat U.S. data and speculations that OPEC countries may consider cutting output supported the price. As a result, light crude closed the day above $75 and invalidated the breakdown below important support lines. Is it enough to trigger a trend reversal?
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Monday, November 17, 2014
Gold Price and Miners Soar on Huge Volume / Commodities / Gold and Silver 2014
Briefly: In our opinion no speculative positions are currently justified from the risk/reward perspective.
Gold moved substantially higher on Friday and the volume was huge. The session was both significant and bullish, but the question remains if such show of strength can be a start of the next big move. As we promised in Friday's second alert, we analyzed the situation thoroughly over the weekend and are reporting to you today.
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Monday, November 17, 2014
Gold Standard - We Are Never Going Back / Commodities / Gold and Silver 2014
It has always fascinated me to hear the mainstream's interpretation of the gold standard. The great majority - including many who are part and parcel to the financial elite - elicit a knee-jerk response to its mere utterance.
Many see the return to the most recent Bretton-Woods-based "imposed standard", not one based on market value. Furthermore, the knee-jerk is detached from the main reasons why they "should" oppose.
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