Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, November 11, 2014
Switzerland - Vote Yes on Gold Initiative / Commodities / Gold and Silver 2014
By: Axel_Merk
On November 30th, the Swiss are voting whether to amend their country's constitution on an initiative entitled 'Save our Swiss Gold.' The Swiss gold initiative appears widely misunderstood, both inside and outside of Switzerland. We discuss implications for gold, the Swiss franc and Switzerland as a whole.
Monday, November 10, 2014
Gold Price Rigging Settlement With UBS - Other Banks To Follow / Commodities / Gold and Silver 2014
By: GoldCore
Suspicions that the price of precious metals are frequently manipulated by a few international banks were further confirmed over the weekend. UBS agreed to settle with various international regulatory bodies investigating rigging in foreign exchange and precious metals markets.
While failing to admit wrongdoing one person familiar with UBS's internal probe said that the bank found “a small number of potentially problematic incidents at its precious metals desk," reports the Financial Times:
UBS is expected to strike a settlement over alleged trader misbehaviour at its precious metals desks with at least one authority as part of a group deal over forex with multiple regulators this week, two
people close to the situation said. They cautioned that the timing of a precious metals deal could still slip to a date after the forex agreement.
Sunday, November 09, 2014
A Major Low in Gold Price? / Commodities / Gold and Silver 2014
By: WavePatternTraders
It's been a while since I have written an article on Gold, but the recent price action could well be the very clue we have been looking for. I have been very bearish Gold for a number of years/months, month by month the market has slowly moved towards the $1150 target we have been looking for.
Saturday, November 08, 2014
Gold And Silver - Charts Show Power Of Elite's Central Bankers / Commodities / Gold and Silver 2014
By: Michael_Noonan
When considering Precious Metals fundamentals do not apply, and that is key to understanding how to relate your holdings of physical and/or interest in gold and silver. Nothing else matters. There are many sites that give minute details of the depletion of gold and silver stocks on the COMEX and LBMA; many that report on the demand for and scarcity of both metals; just last week, the news flash heard around the PM community on how silver American Eagles were sold out...shades of 2013-type news that dominated for several weeks. [Yawn].
Consider this: everything you have heard, including information of which you have not heard but others have is already priced into the market! Compile every sort of bullish news available, and almost all of it is true, yet gold and silver hit recent 4 year lows. How are all those news events working out, and not just for fundamentalists? So far, none of this information has mattered, at least with respect to current price levels. Ultimately, all of these known factors will have an impact on price. For now, all anyone can conclude is that legitimate demand is not a market-driver.
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Saturday, November 08, 2014
Did Gold and Silver Just Get Their Greenspan Put? / Commodities / Gold and Silver 2014
By: John_Rubino
The world's central banks and derivatives traders have been having their usual fun with gold and silver lately, dumping huge volumes of futures contracts into thin markets to produce massive declines -- just when precious metals SHOULD have been soaring in response to near-global debt monetization.
But something interesting happened as this latest smack-down really got going. Physical buyers -- who goldbugs have for years been expecting to ride to the rescue, finally did. Chinese and Indian gold imports, which had trailed off earlier in the year, soared in response to the recent price declines. There's some debate about exactly how much these guys are buying, but it certainly looks like they're talking all that's being produced by the world's mines, and then some.
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Saturday, November 08, 2014
What Crude Oil's Ratios Are Saying About Future Price Moves? / Commodities / Crude Oil
By: Nadia_Simmons
Without a doubt, Oct was the worst month for oil bulls since May 2012. In the previous month, the commodity lost over 11% as the combination of a stronger greenback, rising supplies and weaker demand weighted on the price. Additionally, the first days of the new month have been very negative for oil investors. After the breakdown below the psychologically important barrier of $80, oil bears pushed the price lower and light crude hit a four-year low of $75.84, breaking under long-term support lines. In this way, the commodity posted its sixth weekly loss in a row. Will light crude drop any further in the nearest future? Is it possible that crude oil's ratios will give us some interesting clues?
Friday, November 07, 2014
Gold and Silver Hit By Strong U.S. Dollar / Commodities / Gold and Silver 2014
By: Alasdair_Macleod
The dollar continued its upward path against the major currencies this week, and gold and silver prices suffered accordingly. The bears have maintained the upper hand, as shown in the following charts of Comex prices and Open Interest.
Friday, November 07, 2014
Gold's Fundamental Supply Picture / Commodities / Gold and Silver 2014
By: Richard_Mills
Demand
Global gold demand was 964t in Q2 2014, significantly reduced from the record high in Q2 2013.
ETF outflows slowed sharply.
Central Banks continued to buy gold for the 14th consecutive quarter in Q2 2014. CB's purchased 118t in Q2 2014 up 28% over Q2 2013. The announcement of a fourth CBGA in the second quarter also reiterated that sales will not be forthcoming from some of the largest holders.
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Friday, November 07, 2014
Silver Price and Powerful Forces / Commodities / Gold and Silver 2014
By: DeviantInvestor
Example 1: When a golfer hits a shot to the green he often yells “sit” as he orders the ball to slow or stop near the flag. Even professionals indulge in this bit of satisfying self-delusion. However, the ball responds to powerful forces, such as wind, the undulations of the green, its own momentum, and gravity.
Example 2: A mother demands that her teenage son clean his room. Instead he responds to powerful forces, such as testosterone surges, cute girls, and teenage rebellion.
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Friday, November 07, 2014
Gold Bug Psychology Must be Neutered / Commodities / Gold and Silver 2014
By: Gary_Tanashian
The precious metals bear market, beginning with silver’s blow out in early 2011 and the general top in the commodity and ‘inflation trade’ along with gold’s lesser blow out later that summer amidst Euro crisis hysterics, has been all about psychology. Well, every bear or bull market is about psychology, but the intensity of this dynamic has been something to behold in the gold sector over these last few years.
Friday, November 07, 2014
Marc Faber Warns Not to Hold Any Gold in the U.S. / Commodities / Gold and Silver 2014
By: GoldCore
Dr Marc Faber has again urged people in the world to be diversified, own physical gold and to be their own central bank.
In another fascinating interview with Bloomberg, Dr. Marc Faber covered Japan's massive QE experiment, the slump in oil prices and the importance of diversification and owning physical gold.
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Friday, November 07, 2014
The Silver Mining Cartel / Commodities / Gold and Silver 2014
By: Dr_Jeff_Lewis
The silence of the precious metals producers in the face of blatant, ongoing, illegal, and seemingly never ending price suppression has been deafening. How could the primary gold and silver producers sit by and watch as the price of their product is fixed by an illegal pricing mechanism? But just when it seemed it couldn't be any darker, we got a glimpse of the dawn.
Last month Keith Neumeyer, the celebrated CEO of First Majestic, changed the game. He made a shocking and graceful statement that should cause shock waves to reverberate across the sector.
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Friday, November 07, 2014
Gold and Silver Bear Markets Close to the Bottom but Not There Yet / Commodities / Gold and Silver 2014
By: Jordan_Roy_Byrne
The selloff in precious metals intensified over the past week. GDXJ declined 25% in seven days while Gold plunged below $1180 to $1140 and Silver plunged below $16 and to as low as $15.20. Precious metals are becoming extremely oversold and the bear market is clearly in the 9th inning. Be on alert for a snapback rally to repair the extreme oversold conditions. Although we are likely very close to the bottom in the miners, Gold’s current position continues to leave me skeptical.
Friday, November 07, 2014
Silver Price Extremes! / Commodities / Gold and Silver 2014
By: Investmentscore.com
To identify “buying opportunities” in “extreme” situations, we identify historical extreme situations and use them for a benchmark. Provided that a correction occurs in an active bull market, the insights from this kind of analysis can be very helpful.
Most should agree that the credit crisis was a major economic event that pushed nearly all assets down to an extreme low. We have used this kind of extraordinary market action as a comparison for the current commodities correction.
Friday, November 07, 2014
$80 Crude Oil Price is the New Normal Minimum / Commodities / Crude Oil
By: The_Energy_Report
Saudi Arabia has nothing to do with falling prices at the pump, argues Bob Moriarty. He sees falling demand as the culprit, driven by economic slowdown in China, Europe and the U.S. In this interview with The Energy Report, Moriarty explains why increased consumer spending won't solve our problems, and discusses why he's still a fan of North American energy stocks—even though he hates shale oil.
Friday, November 07, 2014
Why the Saudis are Fighting a Losing Battle Over Crude Oil / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: For the second time in a month, Saudi Arabia has grabbed the headlines in the oil markets. The kingdom is cutting prices again in its global oil feud.
In its latest version, Saudi Aramco (the national oil company) has restored an earlier price cut to Asia, but reduced its price to U.S customers.
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Friday, November 07, 2014
Could Gold Stocks Bottom at 2008 Credit Crisis Low Prices? / Commodities / Gold and Silver Stocks 2014
By: Jeb_Handwerger
The commodity equities are selling off as The Fed halts QE3. However, we are reaching oversold levels and support areas where short covering could soon begin. Commodities, metals and the junior miners are hitting multi year lows and falling below 2008 credit crisis levels. This crash is not based on fundamentals only on an artificially inflated dollar due to Yen and Euro weakness.
This is not a time to panic but continue to accumulate as the bear market may be reaching the final capitulation stage. This decline may be a sign that the quantitative easing may have lifted stock market indices, but it did little to improve demand and growth in the economy reflected by demand for energy and metals.
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Thursday, November 06, 2014
The Driving Force Behind the US Oil Boom / Commodities / Oil Companies
By: OilPrice_Com
The shale revolution’s sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play’s economics.Behind the stardom of the explorers and producers who have put themselves on the revolutionary shale map and absorb most of the risk—are the service providers who make up a highly lucrative market segment.
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Thursday, November 06, 2014
U.S. Mint Sells Out of Silver Eagle Coins as Buying Surges / Commodities / Gold and Silver 2014
By: GoldCore
The gulf between the physical precious metals markets and the paper or electronic gold and silver markets is growing again and risks becoming as broad as it has ever been. Demand for gold and particularly silver bullion has been very high across the world in recent weeks.
The sharp price falls in recent days has led to even greater demand and concerns about supply and rising bullion premiums. Now the U.S. Mint is sold out and the Canadian Mint is rationing supplies.
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Thursday, November 06, 2014
The Swiss Gold Initiative and Why it May Affect Gold Prices / Commodities / Gold and Silver 2014
By: Bob_Kirtley
The people of Switzerland go to the polls on 30th November to vote on the gold initiative. The proposal requires the Swiss National Bank to hold gold reserves of at least 20% of the value of the assets of the Swiss National Bank. The initiative also wants no further gold sales by the SNB and all Swiss Gold to be stored in Switzerland.
If the yes vote is successful then they would be required to buy 1500 tons of gold over a period of five years, in order to achieve the 20% target. This acquisition would then be held indefinitely as they would not be allowed to sell it. However, in the case of a yes vote, the referendum would still have to run the gauntlet in the Swiss parliament in order to gain ratification.