Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, September 11, 2014
Gold, Crude Oil and U.S Dollar Link Intensifies / Commodities / Crude Oil
On Monday, the Federal Reserve Bank of San Francisco published a report, which indicated that central bank is growing closer to raise interest rates. As a result, the US Dollar Index, which tracks the performance of the greenback against a basket of six other major currencies, climbed to a 14-month high. Since then, ongoing expectations that U.S. interest rates will be rise sooner rather than later have been supportive for the U.S. dollar, making crude oil and gold more expensive for holders of other currencies.
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Wednesday, September 10, 2014
China Food Crisis ? / Commodities / China
China is having the worst drought in half a century, which will result in a devastating harvest.
Or: China is going to have a record crop this year.
Those are the two stories coming out of China in just a two-week time span.
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Wednesday, September 10, 2014
Gold Bugs Shifting Sentiment / Commodities / Gold and Silver 2014
Warning… Condescension ensues… NFTRH 307’s opening segment, dated 9.7.14:
From a post on the HUI at the site last week:
“There are worse things that could happen than filling a gap and scattering the wrong kind of gold bugs back out. Then it would be up to the longer-term charts to do the heavy lifting if the daily does fulfill this downside potential.”
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Wednesday, September 10, 2014
Russia And Iran Put Oil-For-Goods Deals Into Motion / Commodities / Crude Oil
Russia-Iran Oil-for-Goods Contracts
Representatives of the Russian and Iranian governments met in Tehran yesterday for the 11th meeting of the Iran-Russian Trade Council, where details of a ground breaking oil-for-goods swap between the two heavily sanctioned countries were revealed.
With both countries now sanctioned by the West, Russia and Iran have been in extensive negotiations on how to facilitate Iranian oil exports without breaching the UN Security Council nuclear deal that was agreed between Iran, Germany and the five UN Council permanent last January.
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Wednesday, September 10, 2014
Strong U.S. Dollar Weakens September Gold Price / Commodities / Gold and Silver 2014
Last week I wrote about the historic correlation between the month of September and the strength of gold. Now it appears that this September might be shaping up as one not to remember but forget.
Based on data reaching back to 1969, gold rises 2.1 percent on average in September. Ten days into this year's month, however, the precious metal has lost 2.6 percent, slipping from $1,288 to $1,254.
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Wednesday, September 10, 2014
Crude Oil Price Downtrend Continues / Commodities / Crude Oil
Crude Oil fell to a new low on Monday so we see prices now already in fifth wave and labeled wave (iv) as a flat correction. As such price may go even lower by the end of the week, to 90.00 area where we will be looking for some evidences of a low as this psychological level may turn into a technical support.
this bearish move was already anticipated on our past updates
Tuesday, September 09, 2014
The Price Of Gold And The Art Of War Part I / Commodities / Gold and Silver 2014
If you wait by the river long enough, the bodies of your enemies will float by Sun Tzu, The Art of War, Fifth century BC
Only fools and the ideologically impaired believe that today’s capital markets are free. In free markets, prices are determined by supply and demand. In capital markets, supply and demand considerations are subordinated to capitalism’s increasingly dysfunctional monetary menses, i.e. credit flows, emanating from central banks. Of all markets, today’s gold markets are the least free.
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Tuesday, September 09, 2014
Macro Factors Dominating Gold Price As US Dollar Outweighs Physical Demand And Investor Flows / Commodities / Gold and Silver 2014
With gold trading in a narrow range below $1,300 and remaining relatively weak, it is worth pausing at this juncture to look at the combination of factors that are affecting its price formation.
A current snapshot of the world gold market and its near term outlook can be gauged by examining four sets of influences on the market, namely the macro/geopolitical environment, investment demand flows, physical demand in the major markets (using India as an example), and finally the technical picture.
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Tuesday, September 09, 2014
Gold and Silver Potential Price Meltdown Scenario / Commodities / Gold and Silver 2014
I believe last week marked an important turning point for the precious metals stocks. After two months of chopping in a tight trading range GDM, which I'm going to us as a proxy for the big cap precious metals stocks, finally broke below the critical brown shaded support and resistance zone. This was a big deal for me as now all those bottoms that had been holding support should now offer important resistance on any backtest.
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Monday, September 08, 2014
Gold Price at $1,500 by Christmas? / Commodities / Gold and Silver 2014
Gold and silver prices are being repressed by central banks, but Sprott Asset Management's Charles Oliver argues that demand pressure will cause this dam to burst sooner rather than later. As a result, he expects big increases in the prices of gold and especially silver, with a corresponding recovery of small- and mid-cap precious metal equities. In this interview with The Gold Report, Oliver discusses several companies likely to prosper thereby, most of which will be profitable now, even at current bullion prices.
The Gold Report: Gold continues to languish under $1,300 per ounce ($1,300/oz), even as full economic recoveries in the U.S. and the European Union (EU) have yet to occur, despite trillions in new debt and stimulus. Meanwhile, we have two wars in the Middle East that could escalate, as well as reports that Russian troops are in Ukraine. With all that in mind, do you think that gold's fundamentals are less important than they once were, or is the price of gold being held back by other factors?
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Monday, September 08, 2014
No Power, No Peace - It’s the Lack of Energy That Shapes the World and Moves the Markets / Commodities / Energy Resources
Dr. Kent Moors writes: As everyone remains focused on the price of crude, the wider energy market is headed for a serious shortfall.
In fact, in the course of my global work, it's impossible not to recognize that there is a new energy crisis quickly developing in other parts of the world.
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Monday, September 08, 2014
Gold and Silver Stuck Inside of the CME with the COMEX Blues Again / Commodities / Gold and Silver 2014
Precious metals prices remain range-bound over the short-term after a devastating three year run.From a technical standpoint, it doesn't look great; we are stuck in this limbo of tightly controlled price limbo while the world continues to melt apart for the 99.9%.
Monday, September 08, 2014
Gold and Silver Price Ready To Go BOOM / Commodities / Gold and Silver 2014
The wait for the next leg up in both gold and silver has been excruciating. Many bulls are losing hope and the number of bears appears to be increasing. As for me, I remain rock solid. I hold long silver positions and I must say I am not worried one iota. Of course I could be wrong. I seriously doubt it though. Let's see why.
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Sunday, September 07, 2014
Gold And Silver New World Order of Deceit, Debt, and War. PMs A Casualty / Commodities / Gold and Silver 2014
[Last week, we said, "Next week, we will cover a brief history, a track record of the Rothschild banking dynasty that has controlled all Western countries for a few centuries." See Elite's NWO Losing Traction. Expect [More] War, at least as it pertains to the US.]
If you want to know why your holdings of physical gold and silver have remained under suppression, it is because both are anathema to paper fiat currencies, and the ones who are in control, the moneychangers, will not tolerate competition against their fiat Ponzi monopoly scheme. Not until the elite bankers lose control of the fiat US "dollar" can you expect to see dramatic price increases for gold and silver, irrespective of any and all fundamentals and more widely recognized efforts of manipulation.
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Saturday, September 06, 2014
Gold and Silver Miners Break Down as U.S. Dollar Soars / Commodities / Gold and Silver Stocks 2014
Briefly: In our opinion no speculative positions in gold, silver and mining stocks are now justified from the risk/reward perspective. However, day-traders might consider a small speculative long position in silver.
Even though gold didn't react strongly to Mario Draghi's comments, a lot happened in the precious metals market yesterday. We finally saw a breakdown in mining stocks and we saw an extreme daily rally in the USD Index. As you know, the USD Index very often triggers significant moves in gold. Even though the last 2 days didn't bring any changes, the situation has just become very tense for the precious metals investors and traders. What are the implications for your precious metals investments and trades?
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Saturday, September 06, 2014
The Truth About Where Gold Price Is Headed / Commodities / Gold and Silver 2014
I will be honest, it has been a long time since I have been excited about gold, but I am starting to like gold once again. I had grown too bored to care what gold did. With the bull market top in 2011, and four years later price continues to founder can you blame me?
Let me start out by painting a picture for you. This is my technical analysis overlaid on the price of gold. This simply gives you a visual of were the price of gold is trading.
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Saturday, September 06, 2014
Palladium Hitting New Highs While Gold and Silver Test Lows / Commodities / Palladium
Summary
- Gold, Silver and the junior miners are undervalued hitting three year lows.
- US dollar, stocks, bonds and equities hitting major highs trading at high valuations as a supposed safe haven.
- Beware of Black Swan events which come out of nowhere. This could cause capital to flow out of equities into hard assets.
- Palladium is in a major uptrend in 2014, outperforming all the precious metals.
Friday, September 05, 2014
The Great Silver Price Subsidization / Commodities / Gold and Silver 2014
Understanding precious metal price reality is like walking through a house of mirrors.
I spend a lot of time examining eyeballs. The magnification required to focus light on the retina is very strong. This causes an inverted image.
What I see in the lower right of my view is actually the upper left area of the patient's eye.
Friday, September 05, 2014
Short-Sellers Driving Gold and Silver Prices / Commodities / Gold and Silver 2014
Gold and silver had a bad week, with gold falling $25 to a low of $1262 by the Comex close yesterday, and silver by $0.50. This morning UK-time prices opened a little better on overnight physical demand, no doubt stimulated by those lower prices. The background to this poor performance was dollar strength relative to weak currencies, with the yen, euro and pound all declining sharply.
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Friday, September 05, 2014
Gold, Silver Market Strong Reversal Augurs for Rough September / Commodities / Gold and Silver 2014
In recent weeks we wrote about the ongoing consolidation in precious metals miners. We touched on the history of September, not as a bullish month but as an important inflection point. With the miners holding up well and Gold still holding its lows we thought a breakout could be coming. Yet we've been whipsawed before. Several times over the past year (and as recently as late July) we've written about the possibility of a final low in Gold to precede the next impulsive advance in the miners. These scenarios came to a major head this week and the nasty decline across the entire sector suggests the bears are back for one last time.
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