Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, December 03, 2013
Prepare for Gold and Silver Price to Lift Off / Commodities / Gold and Silver 2013
The end of the year is in sight, and many investors will soon be forced to take painful losses. David H. Smith, senior analyst at The Morgan Report, says that smart investors will take care to cull the weakest mining stocks from their portfolios and reinvest the proceeds in truly undervalued companies. In this interview with The Gold Report, Smith contends that once the market has worked through this process, a rejuvenated bull market in precious metals will eventually lead to a vertical rise in equities, with platinum group metals leading the way.
The Gold Report: With not many weeks left in 2013, gold remains under $1,300/ounce ($1,300/oz). Is this a bottom, or will it fall lower still?
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Monday, December 02, 2013
Gold, Silver Reverse Rally on US Data / Commodities / Gold and Silver 2013
FRIDAY'S late 1.1% rally in gold was reversed in Asian and London trade Monday morning, with the metal trading back below $1240 per ounce as world stock markets also slipped with commodities.
Silver tracked gold lower, falling from $20 per ounce at the start of Asian dealing to hit near 1-week lows $19.63.
Monday, December 02, 2013
Let’s Examine Some Facts About Gold and Silver, Precious Metals / Commodities / Gold and Silver 2013
Mark Evans writes: I thought it would be instructive to examine some real concrete factual data rather than rely on the musings, conjectures, assertions, speculations and opinions from the masters of Newspkeak, Fedspeak and Doublespeak, that are nearly devoid of facts. The misinformation, disinformation and white noise is deafening.......mission accomplished, but not in the rest of the world!
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Sunday, December 01, 2013
GOLD Technical Analysis Charts / Commodities / Gold and Silver 2013
Thomas Clayton writes: I have adjusted the variable parameters to titrate to the best signal .. Cross of stochastic rsi below 0.8 or above 0.2 and, slow stochastics 80 & 20, macd line cross works well on this daily chart. Price outside of bollinger band top or below.. Liquidate long or short positions repectively.
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Sunday, December 01, 2013
Comex Registered Gold Inventory Levels Leveraged At 65 Potential Claims Per Ounce / Commodities / Gold and Silver 2013
"A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its own laws and rules." Jorge Mario Bergoglio, Francis I
Here are the latest inventory figures of registered (deliverable) gold in Comex approved warehouses.
I am not sure approved can really apply, given the distancing that the Comex recently instituted in the disclaimer on their inventory report.
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Saturday, November 30, 2013
Brent-WTI Crude Oil Premium - Strangers In The Night / Commodities / Crude Oil
STRANGERS IN THE NIGHT
'Oil & Gas Journal' in an article by RBN Energy in its July 23, 2013 edition, when the premium or differential for Brent grade oil against US West Texas Intermediate collapsed to nearly zero from highs above $25 in 2011 and 2012, and a 2013 peak of $23 to date, said that despite the rebounds and recoveries, the premium has to decline. Its fundamentals are bad, the logic is bad, and the premium has strong headwinds. For oil brokers and traders, however, the heavily traded “premium trade” is still good for a flutter on the markets. Brent's premium shook itself out of bed and jumped from $14.64 to $16.21 in the week ending Nov 22, in two days trading but fell back the following week.
Saturday, November 30, 2013
Gold And Silver Reverse Bubble. Huge Rally When Broken. Note Bitcoin / Commodities / Gold and Silver 2013
Gold and silver are in reverse bubbles, if you will, where price has been both severely distorted and suppressed by central banks, the visible tools of the otherwise hidden moneychangers, those on the top of the population pyramid who want to control and enslave the entire world in a totalitarian state of existence. Ironically, the best and only hope for the [not so] free world comes from China and Russia. It is a twisted world in which we live.
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Saturday, November 30, 2013
Soaring U.S. Crude Oil Storage - Set to Pass 400 Million Threshold / Commodities / Crude Oil
Trend is to Store more Oil
A year ago oil in storage stood at 274 million barrels, and with another robust year of domestic production, and despite curtailed imports, the US Oil Inventory stands at 391 million barrels and climbing.
We are still technically in the building season for oil supplies which peaked in late May just shy of 400 Million Barrels, before the drawing season kicked off with the exporting of gasoline through increased refinery utilization led by the gulf coast refiners with their increased capacity to take advantage of the spread differential and cheaper operational energy in natural gas to export refined products more competitively than peer nations.
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Friday, November 29, 2013
Junior Gold Stocks Rabbit Hole / Commodities / Gold and Silver Stocks 2013
Lewis Carroll’s Alice in Wonderland is a timeless tale that chronicles the journey of a young girl into a psychedelic fantasy land. This tale is one that turns logic upside down, and takes us into a bizarre world that defies reality. To get to this world Alice falls down a precarious rabbit hole, perhaps the same one that has swallowed the junior gold stocks.
The juniors have seen so much carnage lately that investors have completely disregarded their sector. And this disregard has sent them down a proverbial rabbit hole, into a world that is bizarre and illogical to say the least. Though these stocks certainly don’t have much support with gold prices so weak lately, popular consensus that their sector is dead is pure fantasy.
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Friday, November 29, 2013
U.S. Dollar, Euro and Their Influence on Gold and Silver / Commodities / Gold and Silver 2013
In our essay on precious metals from Nov. 22, we focused on the markets from the long-term perspective. As we wrote in the summary:
(...) the final bottom for the decline in gold, silver and mining stocks doesn't seem to be in just yet.
On the next trading day, after the essay was posted, gold, silver and mining stocks declined and dropped to their fresh monthly lows. Although we've seens some improvement in recent days, precious metals still have been trading in the narrow range.
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Friday, November 29, 2013
Gold Worst November for 35 Years / Commodities / Gold and Silver 2013
WHOLESALE London prices for gold pushed higher in quiet trade Friday morning, on course for the largest November drop since 1978 in US Dollar terms.
Down 5.9% from the last London Fix of October, Dollar gold this morning touched $1249 per ounce.
Friday, November 29, 2013
Is This The Right Time To Get Into Gold? / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,245.25, EUR 915.29 and GBP 763.07 per ounce.
Yesterday’s AM fix was USD 1,241.75, EUR 913.12 and GBP 760.46 per ounce.
Yesterday the markets were closed in the U.S. for the Thanksgiving national holiday.
The closing fix in London was USD 1,245.50, EUR 915.54 and GBP 761.59 per ounce.
Friday, November 29, 2013
Silver and Gold as Currency Commodities / Commodities / Gold and Silver 2013
Gold and silver have a 6000 year history for their use as a currency, and until the last century, the price of gold and silver maintained a healthy valuation ratio of 1 ounce of gold to every 15 ounces of silver.
This purchasing power ratio is strengthened by the fact that there are 17 ounces of silver for every 1 ounce of gold in the earth's crust, although physical silver stocks have dwindled as the metal is used in a wide variety of industrial applications.
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Friday, November 29, 2013
What the Iranian Nuke Deal Means for the Crude Oil Markets / Commodities / Crude Oil
Dr. Kent Moors writes: The big news over the weekend was the apparent “breakthrough” with Iran.
I say “apparent” because we don’t know much about the substance of the deal. The reason is because the substance doesn’t exist yet.
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Thursday, November 28, 2013
Gold At a Crossroads / Commodities / Gold and Silver 2013
Despite its recent weakness, the world is still viewing gold as a store of value.
Overall demand remains strong. As Eric Sprott points out, " It's staggering to think demand for gold is twice global mine production."
China is now the largest gold buyer and producer in the world. And with their economy looking better, gold continues getting a big boost from this area.
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Thursday, November 28, 2013
HUI Gold Stocks Has Penetrated Its June Lows, Bullion and Silver To Follow / Commodities / Gold and Silver Stocks 2013
The June low for the gold mining sector was believed to the bottom for gold miners and as such presented a buying opportunity for the precious metals community. At the time we greeted this event with some trepidation and described the capitulation as a capitulation of sorts, but not a final one.
In any bull market we have to climb the wall of worry and gold and silver did exactly that in the first phase of this bull market as many objectors denounced its progress. This wall of worry will always be with us as gold clings on in the hope that there is a U-turn coming and the bull returns with a vengeance.
Thursday, November 28, 2013
Why Gold and Silver Hate Easy Money / Commodities / Gold and Silver 2013
Ben Bernanke recently provided some clarity to the confusion surrounding the Fed’s QE stimulus program. He indicated that the near-zero Fed Funds rate will likely remain at that level long after ending asset purchases under quantitative easing (QE). This satisfied Wall Street and provided much relief, allowing a mini-rally to transpire in equities but providing additional selling pressure for gold and silver.Read full article... Read full article...
Thursday, November 28, 2013
Gold’s Organized Retreat, Who Benefits? / Commodities / Gold and Silver 2013
“There are insiders here who are in a position because of their inside knowledge to benefit from this intentional manipulation that is ongoing. These people, I suspect, are accumulating physical gold at artificially depressed levels.
Certainly we’ve noticed some of these suspects converting at very attractive prices their holdings of GLD into physical. This typically gets reported in the mainstream media as Soros, or name another elite, selling or reducing their stake. And this just isn’t right. For the most part these entities are converting their (paper) gold into physical (gold) in lots of 100,000 (shares of GLD). They have the wealth to do that.
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Wednesday, November 27, 2013
Crude Oil Price Balancing Act For The Trader Community / Commodities / Crude Oil
MODERATION AND EXCESS
In the immediate wake of the Iran sanctions-unwinding agreement thrown together with many unanswered question in Geneva, Sunday night, Brent crude fell $2.29 or about 2.7% to settle at $108.76 a barrel, while US-traded West Texas Intermediate was down $1.44 to $93.40, in response to the agreement. Analysts were however quick to warn that Iranian exports are unlikely to jump in the short term because key limitations on sales – including a ban on crude oil but not finished product exports to the EU – will remain in place until a comprehensive deal is reached, starting six months from now.
Wednesday, November 27, 2013
The Iran Nuclear Deal: What the Big Six Really Have to Gain / Commodities / Crude Oil
Over the weekend, the world changed.
Officials from Iran made a deal with six countries (the US, Russia, China, England, France, and Germany)—in exchange for suspending the world's sanctions on Iran, Iran will curb its nuclear weapons program.
Though it's only a six-month interim agreement for now, it's an important first step toward bringing Iran economically closer to the rest of the world.
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