Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, August 30, 2013
New Contagion Brewing Means Gold New Mega-Highs Possible / Commodities / Gold and Silver 2013
By: Michael_J_Kosares
Gold could see new mega-highs according to two prominent international bank economists by Michael J. Kosares
While all eyes have been on Syria, what might turn to be a much more insidious problem for the world economy has been bubbling below the surface – and for the most part out of the public eye – in what we used to call the “third world.” In the end, what amounts to a new currency and debt debacle in the emerging world could undermine the world’s stock markets, including Wall Street, the value of those country’s currencies as well as the debt denominated in those currencies. The list includes China, India, Brazil, Argentina, Indonesia, South Africa, Russia and Mexico – just to name a few (and we won’t even get into the problems in the southern rim of Europe). Some see the developing situation as a repeat of the 1996-1997 Asian contagion, but it goes beyond the Pacific Rim, as just noted, to include most of the southern hemisphere.
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Thursday, August 29, 2013
Gold and Silver Drop as Syrian Military Strike Delayed / Commodities / Gold and Silver 2013
By: Adrian_Ash
BENCHMARK physical gold prices retreated 2% from yesterday's 3-month high of $1433 per ounce early Thursday in London, hitting $1405 per ounce before rallying $10 and shrugging off a stronger-than-expected revision to US economic growth.
World stock markets rose for the first time in four sessions, whilst crude oil eased 0.5% lower from this week's new 6-month highs.
Thursday, August 29, 2013
Gold Price is Going Higher Whether or Not FED Tapers / Commodities / Gold and Silver 2013
By: Jason_Hamlin
The Federal Reserve is in a very tough position. Despite unprecedented amounts of stimulus, GDP growth is anemic, unemployment remains historically high, durable goods orders have plunged and rising rates are harming the housing rebound. If this is all that can be accomplished with record low rates and trillions in quantitative easing, the underlying health of the economy must be magnitudes worse than believed.
Thursday, August 29, 2013
Gold, Silver and Mining Stocks Flash Short Sell Signal / Commodities / Gold and Silver 2013
By: Chris_Vermeulen
It has been a bumpy ride for precious metal investors over the past couple of years and it unfortunately I do not think its over just yet.
The good news is that the bottom has likely been put in for gold, silver and gold miners BUT the recent rally in these metals and miner looks to be coming to an end. While we could see another pop in price over the next week or so the price, volume and momentum see to be stalling out.
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Thursday, August 29, 2013
Another Chance Coming to Buy Gold Mining Stocks / Commodities / Gold and Silver Stocks 2013
By: Jordan_Roy_Byrne
Last week we wrote: “Technically, the gold stocks continue to follow a typical post-bottom rebound path and look very strong. The daily RSI of GDX is at a 10-month high as GDX consolidates around $30. We’d love to see GDX consolidate for a few weeks but it may break above $31 within days.” On Monday and Tuesday GDX traded up to $31 but failed to close above it. Tuesday we saw a nasty bearish reversal which confirms that GDX over the very short-term will correct and consolidate its gains. This is good news as it will alleviate the overbought condition and put the market in position to launch a sustainable breakout around the end of September.
Wednesday, August 28, 2013
Gold Mining Stocks Write-Downs: Death Sentence or Opportunity? / Commodities / Gold and Silver Stocks 2013
By: Jeff_Clark
For many primary gold producers, Q213 was a breathtakingly bad quarter. It wasn't so much the massive drop in earnings many reported—those had been, for the most part, expected—but the so-called "impairment charges" announced.
(Impairment is the opposite of appreciation, that is, the reduction in quality, strength, amount, or value of an asset. "Impairment charges" means that a company reduces or "writes down" the value of the assets on its books.)
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Wednesday, August 28, 2013
Silver Prices Back to April Crash Levels , "Flight to Safety" Seen Driving Gold / Commodities / Gold and Silver 2013
By: Adrian_Ash
The WHOLESALE price of gold touched its highest level since mid-May in London Wednesday morning, trading briefly at $1433 per ounce before edging $10 lower as European stock markets extended yesterday's losses.
US crude oil added another 1.2% to hit 2-year highs above $110 per barrel, while silver prices touched $25 per ounce – the best level since this April's gold crash, when the white metal dropped $4 in two days.
Wednesday, August 28, 2013
Gold and Crude Oil Ready For A Pull-back / Commodities / Gold and Silver 2013
By: Gregor_Horvat
We know that after every five wave move correction follow in three waves. And that’s exactly what is happening on OIL; we see a completed five wave move from 105.50 to 112.20 so market is now forming a pull-back; an a)-b)-c) move back to former wave four zone placed at 108.57.
Wednesday, August 28, 2013
Gold and Silver Ratio Signals Much Higher Silver Prices / Commodities / Gold and Silver 2013
By: Hubert_Moolman
It is natural to compare the current precious metals' bull market with that of the 70s, since there are many similarities between the two. Below is a comparison which illustrates some of the similarities between the two bull markets:
Tuesday, August 27, 2013
Crude Oil, Oil Stocks and the Gold Link / Commodities / Oil Companies
By: Nadia_Simmons
The second half of the previous week brought interesting pieces of economic data and disturbing geopolitical news.
On Wednesday, weekly inventory data from the U.S. Energy Information Administration (EIA) showed that crude oil inventories declined in line with forecasts. Traders had expected inventories to decline by 1.5 million barrels, while the actual decline came in slightly lower - at 1.428 million barrels. Taking into account another weekly inventory decline, current crude supplies are at their lowest level since Aug. 31 last year.
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Tuesday, August 27, 2013
Why Silver Prices Will Double / Commodities / Gold and Silver 2013
By: Profit_Confidential
Michael Lombardi writes: As gold bullion prices declined in the period from April to June of this year, so did silver prices. And just like gold bullion, the bullish case for the white metal’s prices continues to build.
Demand for the white precious metal is not just robust; it is rising. The chart below compares sales of silver coins at the U.S. Mint in the months of January to July of 2012 and 2013.
Tuesday, August 27, 2013
GOLD Five Waves Up Suggest A Corrective Retracement / Commodities / Gold and Silver 2013
By: Gregor_Horvat
Gold broke to a new high on Friday as expected after recent sideways price action above 1350 area, which was a fourth wave so now market is in wave five, final leg of an impulsive move which means that reversal in price may follow in this week.
Tuesday, August 27, 2013
Gold and Silver Pop Like Coiled Springs / Commodities / Gold and Silver 2013
By: Jesse
Gold and Silver Pop Like Coiled Springs
Gold in particular was under pressure since yesterday evening, with a concerted effort being made to hold the line on price around the $1400 level.
This is a big week for gold and silver, with COMEX option expiration tomorrow, and the end of August delivery on Friday, with available inventory at record low levels for this bull market. There was intraday commentary on this here.
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Monday, August 26, 2013
Gold Price Forecast 2014... Another Brick in the Wall ? / Commodities / Gold and Silver 2013
By: Rambus_Chartology
In this Weekend Report I would like to show you gold from the short term perspective to the long term look and everything between. As you know gold made a bottom back in June of this year that is still the low point for this two year correction. The question on everyone’s mind is this THE BOTTOM? There is never a way to know absolutely for sure until time passes but we can use some Chartology and see what it is showing us.
Saturday, August 24, 2013
COMEX Gold Stocks Plunge To New Low as s JPM Takes a Large Delivery / Commodities / Gold and Silver 2013
By: Jesse
Registered (deliverable) gold on the COMEX fell to a new low as JPM took delivery of 28,809 ounces from Scotia Mocatta.
There were a few transfers from the Eligible to Registered category with the only one of note being 4,605 ounces at Scotia Mocatta.
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Saturday, August 24, 2013
Gold And Silver – Those Heeding Market Activity Are Being Rewarded / Commodities / Gold and Silver 2013
By: Michael_Noonan
Last week was an homage commentary to the market forces, what we always attribute as being the most reliable source of information. For the first time in many months, we began recommending the long side in futures, starting on 7 August: 19.42 for silver and 1308 for gold. We have been in and out a few times but continue to remain long, adding on Friday's strong rally.
The "news" has not changed all that much, with many PM proponents still promising the substantially higher prices. More articles are beginning to assert "Gold/Silver is ready for a substantial move higher," type-of-hype. Of course, these are the same people who have been singing the same tune for well over a year. The sin in lack of timing gets glossed over in the [old]"new" drumbeat.
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Saturday, August 24, 2013
A Quest For Gold and Silver Profitability / Commodities / Gold and Silver 2013
By: Richard_Mills
There's an interesting interview done by Geoff Candy over on mineweb. com. In the interview Geoff asks Gold Fields CEO, Nick Holland "What went wrong with the gold industry?" Holland's reply is very informative.
"I think if you go back to the late '90s when gold was at a low of about $250 per ounce the industry at that time was really hanging on by its teeth and in order to do so was high grading and if you look at the average grades companies were mining it exceeded the reserve grade and that was never sustainable.
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Saturday, August 24, 2013
Stock Market Ready for Further Growth? What Impact on Silver Price? / Commodities / Gold and Silver 2013
By: P_Radomski_CFA
According to Bloomberg, the Fed stimulus helped in pushing the S&P 500 up as much as 153% from its March 2009 low, as better-than-estimated corporate earnings also fueled equity gains. Of the 483 companies in the S&P 500 that have reported quarterly earnings this period, 71 percent surpassed profit estimates.
Saturday, August 24, 2013
Nanofiber and Silver Production / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
Silver production tends to center around two often unknown factors. First of all, many people seem unaware that byproduct mining is the primary source of new silver supply.Secondly, the broken price discovery mechanism for silver has resulted in artificially low prices that have led to the demise of many primary silver producers.
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Friday, August 23, 2013
Using Gold to Forecast Silver’s Final Blow-Off Rally / Commodities / Gold and Silver 2013
By: Hubert_Moolman
I have previously written about how gold can be used as a leading indicator for silver. Using this principle, there is an indication that we are at or close to the period for a 1979/1980 style rally in silver. The following is a simple concept but can make for some intense reading (a lot of concentration and possibly re-reading is required). Below is gold chart from 1968 to 1975: