Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, November 26, 2013
Stocks to Oil Ratio Implications for Crude Oil Price / Commodities / Crude Oil
In our commentary from Nov. 14, you could read about the connection between oil stocks and the general stock market. Back then, we wrote the following:
(…) we clearly see that the XOI and the S&P 500 have moved roughly in the same direction in the recent years (…) a strong positive correlation remains in place also on a short-term basis.
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Tuesday, November 26, 2013
Gold Bulls Get Another Shock / Commodities / Gold and Silver 2013
Gold bulls got another shock last week (assuming they're still watching the 'golden anchor'). Gold has breached the neckline of a head-and-shoulders pattern which has been five months in the making. On the chart below, readers can see the left shoulder in July, the head in August, and the right shoulder in October.
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Tuesday, November 26, 2013
Gold Brief Pause or Final Bottom / Commodities / Gold and Silver 2013
Something may have changed today in the gold market. For one I think gold probably formed a minor daily cycle bottom today. But what I'm really talking about is the complete recovery from another middle of the night attack. For most of the last year these late night attacks have worked wonders for sending gold crashing through technical levels and triggering stops. Today however it simply didn't work for the first time.
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Tuesday, November 26, 2013
Gold Bullion ETF and Fund Drain - Comex Registered Stocks at 69 to 1 / Commodities / Gold and Silver 2013
This chart shows the amount of gold that has been taken out of the vaults of various funds and ETFs since the beginning of this year.
The number in black is the total number of tonnes that have been removed from their vaults, presumably to be sold off into the market, most likely heading for points East.
Tuesday, November 26, 2013
The Uranium Race Is Set to Resume – Price Surge Could Begin in Days / Commodities / Uranium
Peter Krauth writes: One in every 10 lightbulbs in the United States gets its power from Russian fuel. It's been that way ever since 1993, when the Megatons to Megawatts program began.
Under this agreement, the highly enriched uranium (HEU) contained in ex-Soviet nuclear weapons was downblended and converted into nuclear fuel.
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Monday, November 25, 2013
How to Cash In on Deflationary Forces / Commodities / Gold and Silver 2013
It's been a pretty rotten year for gold equities, and most investors can't wait for a fresh start in 2014. There's plenty to look forward to, according to Jay Taylor, publisher and editor of Gold, Energy & Tech Stocks and host of the radio show "Turning Hard Times into Good Times." Taylor, who is speaking at the Metals & Mining Conference in San Francisco, is forecasting a staggering rise in the real gold price, and profits for small-cap gold companies in the new year. In this interview with The Gold Report, Taylor identifies the best and brightest in his portfolio as he positions for a gold run.
The Gold Report: Jay, you're presenting "Deflationary Forces in the Midst of an Inflationary Monetary Regime," at the San Francisco Metals & Minerals Conference Nov. 25 and 26. How can that concept affect gold investors?
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Monday, November 25, 2013
Platinum and Palladium - Hitch a Ride on the Supply Crunch / Commodities / Metals & Mining
Can you name a commodity that's currently in a supply deficit—in other words, production and scrap material can't keep up with demand? How about two?
If you find that difficult to answer, it's because there aren't very many.
When you do find one, you might be on to a good investment—after all, if demand persists for that commodity, there's only one way for the price to go.
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Monday, November 25, 2013
Gold Shorts Risk "Overstretch" as Technicians Target $1180 / Commodities / Gold and Silver 2013
LAST WEEK's losses of 3.6% in gold were extended Monday morning, with silver also falling again as world stock markets rose yet again.
Priced in Dollars, gold dropped below $1230 per ounce for the first time since the first week of July.
Silver added to last week's 4.5% drop against the Dollar to hit 3-month lows at $19.61.
Monday, November 25, 2013
Losing Faith in Gold? Read This Before You Sell / Commodities / Gold and Silver 2013
Moe Zulfiqar writes: Faith in Gold“The sky is falling, sell;” “It’s useless, run away;” “There’s going to be deflation, so it won’t serve any purpose to your portfolio”—these are a few of the ways gold bullion is being described these days. The yellow metal is facing scrutiny, and those looking for it are gasping for air.
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Monday, November 25, 2013
Gold Big Picture - Old Necklines Never Die… / Commodities / Gold and Silver 2013
In this Weekend Report I’m going to show you the Chartology of gold, from my perspective, for the last 17 years or so. As you know I don’t pay lip service to the cycle guys, Elliot Waver’s or the many different disciplines that folks use to analyze the markets. My goal is to give you an unbiased look at the markets strictly from a Chartology perspective that is unique for our site.
In this look at gold I’m going to use several different concepts that I’ve shown you in the past to try to give you a feel of where we maybe headed. We’re going to look at neckline symmetry rails, neckline extension rails, reverse symmetry and just your everyday support and resistance points on a chart. I hope to paint a fairly accurate picture of where the gold market may find an important low based on the charting concepts listed above.
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Monday, November 25, 2013
Silver, Gold and Miners ETF Trading Strategy / Commodities / Gold and Silver 2013
Precious Metals ETF Trading: It's been a week since my last gold & silver report which I took a lot of heat because of my bearish outlook. Friday's closing price has this sector trading precariously close to a major sell off if it's not already started.
On a percentage bases I feel precious metals mining stocks as whole will be selling at a sharp discount in another week or three. ETF funds like the GDX, GDXJ and SIL have the most downside potential. The amount of emails I received from followers of those who have been buying more precious metals and gold stocks as price continues to fall was mind blowing.
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Saturday, November 23, 2013
Gold And Silver Price Decline Not Over / Commodities / Gold and Silver 2013
However important underlying fundamentals are, in terms of supply v demand, they have been and continue to be of little to no use in determining when reality will reenter the market. When that happens, price will adjust and reflect the true picture of gold and silver's record [demand]accumulation.
All that matters for now is the political situation involving the moneychangers and their puppet government regimes giving them cover during the end game of their world-wide theft. Just last Thursday, we saw once again another "smash-down" in gold futures. At one of the best possible times to assure liquidity and excellent execution, 1,500 contracts were sold around 5:30 a.m., CST. Who needs to worry about getting good fills when the only objective is to intentionally move the market lower?
Saturday, November 23, 2013
Gold Premium's to No Purpose / Commodities / Gold and Silver 2013
Stockmarket up, precious metals down. Will the final 'bugs' now throw in the towel...?
YET MORE money managers threw in the towel on gold this week, pulling the big gold trust-funds' holdings down to new four-year lows as the Dow closed at new record highs.
Typically in the grand sweep of things, markets need a final surrender to mark the end of such trends.
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Saturday, November 23, 2013
Why Gold and Silver are Having a Tough Time / Commodities / Gold and Silver 2013
Ben Bernanke provided some clarity to the recent confusion surrounding the Fed’s QE stimulus program. He indicated on Tuesday 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...
Friday, November 22, 2013
Gold QE Tapering Hysteria / Commodities / Gold and Silver 2013
Already beleaguered, gold suffered another sharp drop this week. When the minutes from the Federal Reserve’s latest policy meeting implied it might slow its QE3 bond-buying campaign “in coming months”, futures speculators responded with heavy selling. But their extreme gold bearishness is highly irrational, they are missing the forest for the trees. Taper or not, quantitative easing remains super-bullish for gold.
Quantitative easing is the fancy name for the Fed’s massive and unprecedented bond-buying programs of recent years. In order for normal investors to buy bonds, they first have to raise the necessary cash by selling something else. But when central banks like the Fed buy bonds, they conjure the cash out of thin air! The Fed pays the bond sellers with new money that never existed before, which is then immediately spent.
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Friday, November 22, 2013
Stock Market Boom Sees Gold Down 25% in 2013 / Commodities / Gold and Silver 2013
FOUR-MONTH lows in gold continued vs. the Dollar and Euro in London on Friday, with the metal heading for its lowest weekly finish in British Pounds since early August 2010.
World stock markets rose meantime, extending 2013's 30% gain on the MSCI index, as did commodities and government bond prices, after the Dow Jones index in New York ended last night above 16,000 for the first time.
Friday, November 22, 2013
Gold 2014 - U.S. Dollar 30 Year Slide May Be Gold's New Life / Commodities / Gold and Silver 2014
Today’s AM fix was USD 1,241.75, EUR 918.59 and GBP 766.75 per ounce.
Yesterday’s AM fix was USD 1,248.50, EUR 929.64 and GBP 775.76 per ounce.
Gold fell $1.50 or 0.12% yesterday, closing at $1,243.20/oz. Silver climbed $0.14 or 0.71% closing at $19.99/oz. Platinum rose $4.60 or 033% to $1,389.50/oz, while palladium climbed $3.78 or 0.53% to $714.75/oz.
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Friday, November 22, 2013
Final Plunge in Gold and Silver is Underway / Commodities / Gold and Silver 2013
Two weeks ago we penned Gold Bear to end with a Bang, and noted the increasing probability that precious metals could be headed for a plunge to new lows ahead of a final major bottom. Two weeks later we continue to hold that view. The forthcoming charts present levels at which the more than two year old cyclical bear market could end. At the least, these support levels can provide a point at which short positions and hedges could be liquidated.
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Thursday, November 21, 2013
The Coming Bust of the Great Bakken Oil Field / Commodities / Oil Companies
There has been a lot of Fanfare on the huge increase of oil production coming from the Bakken Field located in North Dakota. There are many stories of people moving to the state to take advantage of the new OIL BOOM. It seems like everyone is going there to start a new life and make it rich in one of the coldest areas in the United States.
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Thursday, November 21, 2013
Bad News Bias Sees Gold Price Near 3-Year Lows / Commodities / Gold and Silver 2013
LONDON dealing in gold saw prices retreat towards last night's new 4-month lows Thursday morning, failing to rally above $1250 per ounce as world stocks markets held flat – and major government bonds continued to slip – following publication of minutes from the US Federal Reserve's last policy meeting.
For Dollar investors, gold came within 5% of end-June's 3-year low at $1182, and stood only 2% above that level for Eurozone traders.
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