Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, November 13, 2014
Gold Long Short GDXJ, DGZ ETF Technical Analysis / Commodities / Gold and Silver Stocks 2014
The analysis includes GDXJ which is a long gold fund and DGZ which is a short gold fund.
GDXJ Market Vectors Junior Gold Miners ETF
The Market Vectors Junior Gold Miners ETF (GDXJ) is an equity index that provides exposure to small and medium sized companies that generate at least 50% of their revenues from gold and/or silver mining. It is listed on the American Stock Exchange (AMEX) with price last trading at $25.73.
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Thursday, November 13, 2014
Crude Oil Price Sinking Or Rebounding / Commodities / Crude Oil
Trading position (short-term; our opinion): Long positions with a buy limit order at $75.82 and a stop-loss at $73.47 are justified from the risk/reward perspective.
Although crude oil moved lower after the market's open, the commodity erased losses later in the day, hitting an intraday high of $78.04 as concerns over the situation in Libya supported the price. In this way, light crude gained 0.45% and bounced off the recent lows. Will we see a post double-bottom rally in the coming days?
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Wednesday, November 12, 2014
Silver and Gold Producers – a CALL TO ARMS! / Commodities / Gold and Silver Stocks 2014
How much longer are you going to let Wall Street determine the price you are permitted to charge for your product?
How much longer will you stand by and watch as computer traders raise and mostly lower the price of your product, by selling contracts in the futures market for metal they do not own, and do not produce?
(Bud Conrad at Caseyresearch.com has just written an excellent article, with a number of charts, on this subject titled: “Paper Gold and its effect on the Gold Price.”)
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Wednesday, November 12, 2014
The U.S. Dollar’s Crucial Role in the Commodity Cycle / Commodities / US Dollar
The U.S. dollar is falling and it’ll ultimately crash and go down to near zero. Not true… that’s what the gold bugs keep harping on but it’s not true.
This misinformation is very representative of what’s going on in the global economy and it’s almost as bad as the liberal economists and analysts who believe we should just print as much money as necessary to keep the economy growing.
Let’s just start with the truth.
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Wednesday, November 12, 2014
Swiss Regulator: “Clear Attempt To Manipulate Precious Metals ” … “Particularly Silver” / Commodities / Gold and Silver 2014
Further proof of manipulation of gold and silver prices - if any were needed - came overnight as Switzerland’s financial regulator (FINMA) found “serious misconduct” and a “clear attempt to manipulate precious metals benchmarks” by UBS employees in precious metals trading, particularly with silver.
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Wednesday, November 12, 2014
A Billionaire Insider Just Made a Bold Bet on Crude Oil / Commodities / Crude Oil
Dr. Kent Moors writes: There was a very dramatic development in the oil market last week. It involved a well-known insider and a bullish bet on crude.
Harold Hamm, the CEO of Continental Resources Inc. (NYSE:CLR), announced that his company – a major producer in the Bakken and other U.S. unconventional oil basins – had unwound its hedge positions.
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Tuesday, November 11, 2014
Silver to S&P Ratio: What It Tells Us / Commodities / Gold and Silver 2014
Take the price of silver, multiply by 100, divide by the S&P 500 Index and chart it for 30 plus years. What do we see?
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Tuesday, November 11, 2014
New Currency Wars Cometh - Gold To Be “Last Man Standing” / Commodities / Gold and Silver 2014
Currency wars are set to warm up again, after Japan's radical decision to further debase its currency through an intensification of already significant monetary easing. There was a palpable coldness from China's Premier Xi Jinping as he greeted Japan's President Abe at the APEC summit in Beijing.
Tensions are normally high between the two countries but are even more so in recent months.
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Tuesday, November 11, 2014
Switzerland - Vote Yes on Gold Initiative / Commodities / Gold and Silver 2014
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.
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Monday, November 10, 2014
Gold Price Rigging Settlement With UBS - Other Banks To Follow / Commodities / Gold and Silver 2014
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
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.
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Saturday, November 08, 2014
Gold And Silver - Charts Show Power Of Elite's Central Bankers / Commodities / Gold and Silver 2014
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
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
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?
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Friday, November 07, 2014
Gold and Silver Hit By Strong U.S. Dollar / Commodities / Gold and Silver 2014
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.
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Friday, November 07, 2014
Gold's Fundamental Supply Picture / Commodities / Gold and Silver 2014
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
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
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.
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Friday, November 07, 2014
Marc Faber Warns Not to Hold Any Gold in the U.S. / Commodities / Gold and Silver 2014
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
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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