Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, September 17, 2014
Can Gold Price Finally Recover? / Commodities / Gold and Silver 2014
Gold recently fell to its lowest level in seven-and-a-half months as the dollar rose to a 14-month high. Easing tensions in Ukraine and the Middle East also acted as a drag on gold and silver prices. Investors have been asking the obvious question as to whether gold can recover from here and if a bottom of at least short-term duration is imminent?
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Wednesday, September 17, 2014
The Energy Prices at Risk with Scottish Independence / Commodities / Energy Resources
Dr. Kent Moors writes: This isn’t the first time the devolution movement has threatened to break up the United Kingdom.
Scotland and Wales were considering their independence when I was living in London and lecturing at the London School of Economics almost forty years ago.
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Tuesday, September 16, 2014
U.S. Dollar and Gold Elliott Wave Projection / Commodities / Gold and Silver 2014
Gold is now at a key juncture and it should reveal its price action structure in the coming weeks. The first chart is my main Elliott Wave count and shows a Double Three Corrective Pattern (W)-(X)-(Y) in process from the top in 2011. You can see that Gold is currently in a corrective channel and should end soon a Wave (ii) which is also composed of a Double Three Corrective Pattern. If that scenario plays out Gold should enter a Wave (iii) that should send it to around $1550 which would be the minimum target.
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Tuesday, September 16, 2014
The Collapse Of U.S. Silver Stocks As Public Debt Skyrockets / Commodities / Gold and Silver Stocks 2014
The U.S. Empire is in real trouble. This is due to its idiotic business model of selling quality assets while acquiring massive liabilities and debts. Of course, the U.S. Government realizes this is not a sustainable way to do business, but at least for now.... we continue to have our Bread & Circuses, McDonalds & NFL Football for a bit longer.
Furthermore, Americans have no clue that the role of the U.S. Dollar as the world's reserve currency continues to disintegrate each passing day as more countries elect to by-pass the Dollar and trade in other currencies... especially the Chinese Yuan.
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Tuesday, September 16, 2014
Don't Miss This Gold Buying Opportunity / Commodities / Gold and Silver 2014
Brien Lundin, founder of Jefferson Financial, producer of the New Orleans Investment Conference and Gold Newsletter, believes at least a small amount of the massive liquidity produced by loose monetary policy in Western economies will find its way into mining equities following a summer pullback in equity prices—but don't wait long. Lundin expects the "buying opportunity" to last for two, maybe three weeks before seasonal gold demand pushes prices higher. In this exclusive interview with The Gold Report, Lundin discusses a select group of gold and precious metals equities that he expects to perform well as near-term news reaches the market.
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Monday, September 15, 2014
Why ECB QE Is Bearish For Gold Prices / Commodities / Gold and Silver 2014
The recent action by the ECB appears to have caught many gold bulls off guard. A common interpretation of the impact that a potential quantitative easing program would have on gold prices was that it would be very bullish. This argument was based on the concept that money printing is bullish for gold, and that QE1 and QE2 by the Fed triggered major rallies in the yellow metal. Whilst we do not dispute that QE1 and QE2 by the Fed were indeed bullish for gold, we strongly disagreed that the ECB would introduce a program that would spark a major rally. In fact we went further, predicting that what the ECB was going to do was in fact highly bearish for gold, and in this article we will endeavour to explain why.
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Monday, September 15, 2014
Junior Miners Breaking Out Higher Forecasting Gold and Silver Price Bottom? / Commodities / Gold and Silver 2014
Summary
• Despite post Labor Day sell-off in precious metals, junior miners maintain uptrend.
• The junior miners are usually a leading indicator. Is this outperformance forecasting an inflection point for the precious metals?
• Going into the overbought US equity, bond dollar and real estate market is dangerous, while precious metal stocks are trading at pennies on the dollar.
• Major generalist funds may soon enter the precious metals market as QE ends. A large cash position is waiting on the sidelines.
• US dollar rally may not last as QE expires. Inflationary pressures could pick up.
Monday, September 15, 2014
The Silver Price Sentiment Cycle / Commodities / Gold and Silver 2014
The following chart shows:
Silver Prices: 1972 – 1979
- Silver moved upward from about $1.40 in 1971, rallied to about $6.40 in March 1974, and fell to about $4.30 in August 1977.
- The March 1974 peak took about 3 years and ended about 4.55 times its starting point.
- The August 1977 low took another 3.5 years and fell about 33% from the peak price.
Monday, September 15, 2014
Why Goldman Sachs is Wrong on Gold / Commodities / Gold and Silver 2014
Wall Street powerhouse Goldman Sachs has recently reiterated its negative view on gold, which it has held for the past year. However, it is now doubling down on this view and advising clients to actually go short the metal. Jeff Currie, head of commodity research at Goldman noted "Our target is really driven by the view that we think that the Fed will ultimately be the dominate force here and put more downward pressure [on prices]".
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Monday, September 15, 2014
Marc Faber - “I Want To Be Diversified, I Want To Own Some Gold” / Commodities / Gold and Silver 2014
Veteran investor Marc Faber, author of The Gloom, Boom and Doom Report, reiterated the need for gold in a diversified portfolio when interviewed last week on CNBC.
Faber, a resident of Thailand, is an advocate of gold storage in Singapore, and believes that a diversified portfolio will help protect against future market corrections which he believes are on the horizon.
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Monday, September 15, 2014
Will The Swiss Vote to Get Their Gold Back? / Commodities / Gold and Silver 2014
On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB's assets. Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland's central bank.
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Monday, September 15, 2014
Analysis And Price Projection Of The Uranium Market / Commodities / Uranium
Dr. Volkmar Hable writes: I travel a lot for the purpose of identifying new investment opportunities. In that process earlier this year I was offered by the governments of two countries Uranium exploration concessions of outstanding quality and location, and was told that no one would be interested in Uranium in these days. This caught my attention and we started to investigate. And sure enough, as a matter of fact, in these days it seems to be extremely easy to pick up Uranium concessions anywhere between Greenland and South-Africa.
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Sunday, September 14, 2014
Two Strikes Against Light Crude Oil Prices / Commodities / Crude Oil
Following the August 26, 2014 Market Minute titled "WTIC prices break down", Light crude oil prices has fallen 5.9% since late August.
Abundant supply from the U.S. and the Middle East plus a rising U.S. dollar has sent oil prices down to the first support level at $92.
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Friday, September 12, 2014
Last Stand Approaching for Gold / Commodities / Gold and Silver 2014
Gold ended its 10-year bull market in 2011 when it topped out at $1,900 an ounce. It was a spectacular run from $250 an ounce in 2001.
Since then it rallied back several times only to have those rallies fail at lower highs.
Its most recent rally attempt, beginning in January, looked to have a better chance of succeeding. On the technical side, gold was oversold beneath its important 30-week m.a. again, and it was rising from a frequently bullish double-bottom formation.
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Friday, September 12, 2014
Is Geothermal Power About to Become The Next Great Battleground Over Fracking? / Commodities / Renewable Energy
Dr. Kent Moors writes: Of all the renewable energy sources, geothermal power remains by far the smallest.
But that may not prevent it from becoming the next energy “hot potato.”
A good example of its potential can be found in Iceland, where the entire country runs on geothermal power. Of course, it does help to have a string of active volcanoes to tap.
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Friday, September 12, 2014
Strong U.S. Dollar Undermines Gold and Silver / Commodities / Gold and Silver 2014
Precious metals have had to endure a week of gathering dollar strength, which is at least partly the result of problems specific to the euro, yen and sterling. The result is gold has fallen a further $30 over the week, and silver by about $0.70c. The first chart is of gold and open interest on Comex.
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Friday, September 12, 2014
Will The Real Silver Commercials Stand Up? / Commodities / Gold and Silver 2014
One of the more persistent flaws in the world's most important price discovery mechanism comes down to a simple question.How did it come to pass that banks were given access to the commercial category of traders?
It's a given that the market is rigged to high heaven. And it’s completely obvious by now how it is accomplished. They only folks left in denial about it have a direct incentive for ignoring it - usually an obvious one.
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Thursday, September 11, 2014
China Holds “Gold Congress” - Positioning Itself As Global Gold Hub / Commodities / Gold and Silver 2014
The China Gold Congress is currently in full flight in Beijing. The three day Congress is China’s biggest gold industry event of the year, drawing in participants from across the Chinese and international gold sectors including central banks, mining companies, bullion banks and refiners.
The event, co-sponsored by the World Gold Council (WGC) and the China Gold Association, showcases China’s gold industry and acts as a focus point for what is now the world’s largest gold market in terms of demand and product innovation.
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Thursday, September 11, 2014
Fire Ice Could be Energy's Magic Bullet or a Planet-killing Catastrophe / Commodities / Energy Resources
Dr. Kent Moors writes: During the height of the Deepwater Horizon tragedy four years ago, I had my graduate students monitor the flow of oil from the sunken platform in the Gulf of Mexico.
Most of their work involved rather straightforward calculations based on undersea camera footage.
But from time to time, flimsy protoplasmic-like structures would float across the screen. The students called them "ghosts."
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Thursday, September 11, 2014
A Supply Crunch Points to Higher Uranium Prices / Commodities / Uranium
Dr. Kent Moors writes: With nuclear power bouncing back worldwide, and the number of global uranium mines declining, the signs are building that uranium prices are poised to head higher.
After stabilizing under $30 per pound, prices have begun to rebound, posting their largest gain in more than 30 months. Since August 4, the cost of uranium has climbed by 13.91%.
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