Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Saturday, March 22, 2014
Suing JPMorgan and the COMEX / Commodities / Gold and Silver 2014
By: GoldSilverWorlds
Ted Butler writes: I’ve had some recent conversations with attorneys who were considering class-action lawsuits regarding a gold price manipulation stemming from reports about the London Gold Fix. I told them that while there is no doubt that gold and, particularly, silver are manipulated in price, I didn’t see how the manipulation stemmed from the London Fix. I wished them well and hoped that they may prevail (the enemy of my enemy is my friend), because you never know – if the lawyers dig deep enough they might find the real source of the gold and silver manipulation, namely, the COMEX (owned by the CME Group) and JPMorgan.
So I thought it might be constructive to lay out what I thought a successful lawsuit might look like, although I’m speaking as a precious metals analyst and not as a lawyer. I’ll try to put the whole thing into proper perspective, including the premise and scope of the manipulation as well as the parties involved.
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Saturday, March 22, 2014
Gold and Silver Stocks Failed Breakout Marks Interim Top / Commodities / Gold and Silver Stocks 2014
By: Jordan_Roy_Byrne
Unless you've been living under a rock then you have witnessed the now false breakout in Gold and gold stocks. Our expectation was that the breakout would take Gold to $1420 and the stocks up to their neckline resistance (GDX $30 and GDXJ $51) and then we'd see the first real correction since the December low. Before you send in the hate mail, as some already have, let me remind you that we've emphasized having an exit strategy and last week wrote, "You sit tight until you decide to take profits or something changes." Something clearly changed this week. The breakout was nullified and precious metals will finish this week with a nasty candlestick that implies an interim top.
Friday, March 21, 2014
Ukraine Crisis Implications For Gold / Commodities / Gold and Silver 2014
By: Alasdair_Macleod
There is a fascinating story from Robert Peston, the BBC's business editor about his interview with Hank Paulson, who was the US treasury secretary at the time of the Lehman crisis. Paulson said that he was told by the Chinese that they had a message from the Russians suggesting they club together to drive down the prices of Fannie and Freddie "to maximise the turmoil on Wall Street". The Chinese declined, but in doing so they made sure the Treasury was aware that China and Russia know that between them they have the power to break western capital markets.
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Friday, March 21, 2014
Gold Stocks Golden Cross / Commodities / Gold and Silver Stocks 2014
By: Zeal_LLC
The gold-mining sector is on the verge of flashing the fabled Golden Cross buy signal. This is one of the most powerful and revered indicators in all of technical analysis. When it arrives after the right conditions, it flags the critical transition from bear to bull markets. And today’s gold-stock environment is perfect to spawn such a pivotal Golden Cross. Seeing this milestone will accelerate capital flows back into gold stocks.
Friday, March 21, 2014
Gold and Silver Probability, Predictability, Price and Forecasting / Commodities / Gold and Silver 2014
By: Dr_Jeff_Lewis
Investors and observers watching the drama unfold in the Ukraine should not be surprised at the short price action of the precious metals, mainly gold and silver. Throughout the crisis (and as matter of record with practically every other crisis) the metals are driven down by a system that becomes more sophisticated each day.
The ramifications and consequences of events in the Ukraine and Crimea are dire and easy to imagine. These ramifications radiate and dovetail with the multitude of other potential and current hot spots in other energy strategic areas of the world.
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Friday, March 21, 2014
Gold Miners Red Alert Or All Clear? / Commodities / Gold and Silver Stocks 2014
By: GoldSilverWorlds
Its getting really bad when you can’t trust the criminals in power to do what you you think they are going to do!
Thursday, March 20, 2014
Gold & Silver Stocks Breakdown Alert / Commodities / Gold and Silver Stocks 2014
By: P_Radomski_CFA
Briefly: In our opinion short speculative positions in silver (half) and mining stocks (full) are justified from the risk/reward perspective.
The dollar’s rally and the precious metals’ decline were seen right after comments from the Fed about the planned $10 billion cut in asset purchases. They will now amount to “only” $55 billion per month.
The dollar’s rally and the precious metals’ decline had been already seen in the charts and the Fed comments served as a catalyst.
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Thursday, March 20, 2014
Gold and Silver - Another Triumphant FOMC Day / Commodities / Gold and Silver 2014
By: PhilStockWorld
There was intraday commentary on the Fed Statement here, and some comments on the nature of the Fed's policy error in the US equity charts and review here.
There is an option expiration for stocks on Friday, and I suspect that call option owners of the mining companies and various related metals products got quite a ride today.
Thursday, March 20, 2014
Bitcoin - My Two Bits / Commodities / Bitcoin
By: David_Morgan
Some have asked our view on Bitcoin, and my response is simply -- I view these things from a Free Market perspective. I have often stated that "The Market knows more than any of us". I would not want to be labeled a hypocrite by stating my conviction that the "real" free market is capable of making decisions that are in the best interest of masses, and then proceed to disparage Bitcoin through a personal bias.
However, I do have a personal bias as to the basic construct of money, or what I would prefer to think of as "real" money. Here the span of history has given us a very clear message that a fair exchange of value for value is the only ethical way for people to conduct a transaction that is mutually beneficial for both parties.
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Wednesday, March 19, 2014
Crude Oil Price Remains In Consolidation / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term, our opinion): Short. Stop-loss orders for crude oil and WTI Crude Oil (CFD): $102.95.
On Tuesday, crude oil gained 1.60% after information that a pipeline connecting Oklahoma storage with Gulf Coast refineries will be open sooner than previously expected. Thanks to this news, light crude rebounded, finishing the day above $99 per barrel.
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Wednesday, March 19, 2014
Mexico Oil Market About to Break Open for Investors / Commodities / Crude Oil
By: Money_Morning
Kent Moors writes: Marina and I are off again. Early tomorrow morning, I’m making my fourth trip to Mexico City in less than two years.
This time, I’ll be making a major presentation at a Bloomberg advisory session on the recent opening of the Mexican energy markets.
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Wednesday, March 19, 2014
China Economy Isn't Slowing Down, It's Buying Up Resources / Commodities / Metals & Mining
By: Metals_Report
Headlines about a Chinese economic slowdown may get good web traffic, but the real story is that China is buying up uranium and other resources around the world, says Gold Stock Trades writer Jeb Handwerger. Meanwhile, tensions in Russia highlight the massive country's resource dominance in natural gas, oil, uranium, platinum group metals, rare earths and nickel. Handwerger tells The Mining Report that North America is already acting to develop resources that can meet both domestic and international demand—and this global geopolitical uncertainty is an investment opportunity.
Wednesday, March 19, 2014
Copper Capitulation / Commodities / Copper
By: Ed_Carlson
Copper lost an additional 4.50% last week bringing the three week loss to a total of 9.68% - the biggest three week drop since October 2011. Thursday’s intra-day low of 2.99 was only 0.03 from my price target of 2.96.
The Coppock Curve (not shown) has reached a level seen at previous bottoms in copper. Given the proximity of last week’s low to my price target and the explosion of volume in the copper ETF, JJC, I’d say that was the bottom of the decline in copper. However, if 2.96 is broken, all bets are off!
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Wednesday, March 19, 2014
Gold and Silver Price Fall on Huge Volume / Commodities / Gold and Silver 2014
By: P_Radomski_CFA
Briefly: In our opinion short speculative positions (half) in silver and mining stocks are justified from the risk/reward perspective.
The precious metals sector declined yesterday, which was likely to happen regardless of many factors pointing to a different conclusion, or simply because the precious metals sector was overvalued. The question is if we (charts courtesy of http://stockcharts.com) think that lower precious metals values are likely:
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Tuesday, March 18, 2014
Gold and the Brave New Deviant World / Commodities / Gold and Silver 2014
By: DeviantInvestor
Consider our economic world from two perspectives:
- The Deviant View - as represented by those who visit deviantinvestor.com, read alternate media, are skeptical of the "official" news, and who critically examine the financial world.
Monday, March 17, 2014
Should You Buy Stocks Right Now Or Wait? / Commodities / Gold and Silver Stocks 2014
By: Submissions
Boris Dzhingarov writes: Every player in the stock market realizes that we are faced at real time highs. Whenever something like this is visible, it is hard to realize if it is smart to buy stocks or not. You might end up becoming rich over night or poor as the market crashes. While many believe that corrections will soon appear, others state that it is a great time to buy as markets will continue to grow. So, what are the options that we have?
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Monday, March 17, 2014
Why I’d Still Stay Away from Bitcoin / Commodities / Bitcoin
By: DailyGainsLetter
Mohammad Zulfiqar writes: “I think the stock market is getting into the overbought territory. Gold is due for a pullback. To be honest, I don’t see many opportunities out there other than bitcoins.” These were the words of wisdom from my good old friend Mr. Speculator. While most have forgotten about the virtual currency, Mr. Speculator thinks there’s an opportunity.
Monday, March 17, 2014
What’s Happening in the Copper Market Should Alarm You… / Commodities / Copper
By: DailyGainsLetter
Sasha Cekerevac writes: There is something going on right now in the copper market that should alarm you. Over the past week, the price of copper has plunged, recently hitting a four-year low.
Why should this matter?
Most investors and analysts are placing bets that economic growth is about to re-accelerate globally. Never before has the world been so interlinked, so we must pay attention to what is occurring internationally.
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Monday, March 17, 2014
Can Gold and Interest Rates Move Higher at the Same Time? / Commodities / Gold and Silver 2014
By: Matt_Machaj
Can the gold price be fundamentally related to some other economic variables? Can we use those variables successfully in trying to predict the future price of gold? Is gold highly correlated with any of those variables?
Last year a very insightful and interesting working paper was published in the webpages of the National Bureau of Economic Research by Claude Erb and Campbell Harvey. The paper is mostly about gold being perceived as either a safe haven or an inflation hedge. After a while it sparked various discussions about gold not being what it is thought of. And rightly so. As we have already mentioned many times in the Market Overviews, gold is not historically an inflation hedge device which will protect you against possible inflation. Of course the special case for the gold price could be a hyperinflationary scenario.
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Monday, March 17, 2014
Aging Stocks Bull Market Is Igniting Commodity Sectors Rally / Commodities / Resources Investing
By: Money_Morning
Peter Krauth writes: Markets clearly move in cycles, and commodities are no exception.
In fact, resources as an asset class are prone to the most extreme examples...
The good news is that recognizing and embracing these boom/bust cycles can make for huge profits.
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