Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, November 06, 2013
Massive Drawdown of Gold From the West Continues, Falling into the Abyss / Commodities / Gold and Silver 2013
"We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake.
Therefore at any price, at any cost, the central banks had to quell the gold price, manage it."
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Wednesday, November 06, 2013
Falling Gold Stocks Sector Set to Outperform Stock Market / Commodities / Gold and Silver Stocks 2013
Sasha Cekerevac writes: When it comes to the recent batch of corporate earnings releases, some investors might be cheering. But if you look a bit closer at the results, you will notice the underlying fundamentals aren’t as strong as they first appear.
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Wednesday, November 06, 2013
US Dollar and Euro Influence on Gold Prices / Commodities / Gold and Silver 2013
There are many factors that come into play when trying to determine the direction of gold and silver prices that go beyond supply and demand. As we know gold has an inverse relationship with the US Dollar (USD), although there are historical exceptions such as the one we witnessed in the gold bull market of the 80’s, when both were rising at the same time. We may well see both gold and dollar rise in tandem in the future, but for now they are tending to move in opposite directions.
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Wednesday, November 06, 2013
Stock and Commodity Market 60-Year Cycle Bottom Scenerios / Commodities / Cycles Analysis
With less than a year to go before the bottom of the 60-year Super Cycle many investors are wondering how the coming months will play out. There are at least two major possibilities that need to be discussed: the soft landing and the hard landing.
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Tuesday, November 05, 2013
What Can We Infer From the Crude Oil Price to Oil Stocks Ratio? / Commodities / Crude Oil
The first days of the new month have been hard for oil bulls. After the breakdown below the lower border of the declining trend channel the buyers didn’t manage to stop oil bears. The bears showed their claws on Thursday and pushed the price below the October low. This event resulted in a heavy decline, which took light crude below $95. On top of that, yesterday we saw further deterioration and crude oil dropped to a new monthly low of $94.06.
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Tuesday, November 05, 2013
Gold Price Cycle Low / Commodities / Gold and Silver 2013
In my September Commentaries I explained my expectation for no final low in gold prior 10/28/13. Based on “intervals of equidistance” (similar to cycles) I was confident that late October would see a turning point in gold and simply extrapolated the fact that because previous convergences of the two intervals (40 and 60-day) had always pointed to lows, 10/28/13 would see a low as well. It didn’t… but it did mark a turning point in gold.
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Tuesday, November 05, 2013
Gold Price at a Crossroads / Commodities / Gold and Silver 2013
At the moment gold is at a critical crossroads. If it can move above $1375 it will confirm that an intermediate degree bottom occurred last month at $1251, and start a pattern of higher highs. If however gold continues lower and breaks below the $1251 level it will confirm that an intermediate degree decline is still in progress and the recent bounce was nothing more than another bull trap to work off the short-term oversold levels.
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Tuesday, November 05, 2013
Gold Price Lacks Direction as Private Investors Buy, Whilst Indian Consumers Switch to Silver / Commodities / Gold and Silver 2013
LONDON wholesale gold was unchanged Tuesday lunchtime from yesterday or from last week's finish at $1317 per ounce, as European shares again defied a drop in Asian stock markets to tick higher.
Major government bond prices edged back, and commodities rallied from multi-month lows.
Tuesday, November 05, 2013
This Forgotten Metal Could Double in Price / Commodities / Metals & Mining
Peter Krauth writes: We looked at aluminum last time, where the profit potential remains unusually high. But now it's time to look at the other "forgotten" metal.
This one, as you'll see, is already the most-used metal in the world.
And shares of its best producer could double...
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Tuesday, November 05, 2013
Why Silver Prices Could Easily Double from Here / Commodities / Gold and Silver 2013
Michael Lombardi writes: In the first 10 months of this year, the U.S. Mint sold 39.2 million ounces of silver in coins. In the same period last year, the Mint only sold 28.94 million ounces of silver in coins. A general negativity by investors surrounding silver this year has not stopped people from buying silver coins. In fact, demand is up 35% so far in 2013. (Source: U.S. Mint web site, last accessed November 1, 2013.)
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Tuesday, November 05, 2013
Gold vs. Wall Street Program Traders / Commodities / Gold and Silver 2013
Gold ran into trouble last week after an encounter with its important 150-day (30-week) moving average. The 150-day MA, which is an important psychological resistance barrier that is programmed into many Wall Street trading algorithms, was touched by gold a few days ago and was unable to overcome it. I've long maintained that the 150-day moving average is a psychologically significant benchmark for the gold ETF, both as a line of support and resistance. GLD's performance in recent days has confirmed this observation.
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Monday, November 04, 2013
"Token Demand" for New Hindu Year Leaves Gold Waiting on US Data / Commodities / Gold and Silver 2013
WHOLESALE trade in London left the price of gold sitting at last week's finish of $1317 per ounce Monday morning, as European shares rose with government bond prices but commodities slipped.
Silver also held flat, trading near $21.90 per ounce – more than 5% below last Wednesday's 5-week high.
The Euro ticked higher from a 6-week low to the Dollar.
Monday, November 04, 2013
US Dollar and Crude Oil…The Inflation / Deflation Battle Rages On / Commodities / US Dollar
There were some interesting developments this week that I would like to focus on in the Weekend Report. The most important thing to happen was the rebound in the US dollar that was very impressive. Is the bottom in or is this just a short covering rally that will peter out when it's finished? Oil continues to fall at a rapid rate which could be signaling another deflationary event maybe on the horizon. There are still a lot of crosscurrents out there but if we can get a good read on the US dollar and Oil that should help us understand what is likely to take place over the intermediate term.
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Sunday, November 03, 2013
Disappearing Deliverable Comex Gold Bullion / Commodities / Gold and Silver 2013
There was a change in status of 48,652 ounces of gold bullion in the JPM warehouse which were withdrawn from the registered to the eligible category. Apparently someone had a change of heart.
Big change of heart. About one and half tonnes worth.
The claims per ounce of deliverable gold stand at 55. As I have explained before, this is a metric, a way of measuring inventory against potential ownership.
Sunday, November 03, 2013
How to Profit From Low Crude Oil Prices / Commodities / Oil Companies
Sean Brodrick writes: This Halloween season, the scariest story for energy investors is how the price of crude oil keeps sliding. But don’t worry – there are ways to profit when oil prices go down.
But first, why are oil prices slumping anyway?
Saturday, November 02, 2013
Gold And Silver Price – Fundamentals Do Not Matter / Commodities / Gold and Silver 2013
If fundamentals mattered, gold and silver prices would be substantially higher. They are not, and for a reason. It is not hard to define what factors are influencing price, for they are political, even criminal under normal circumstances. These factors are, in two words: central bankers. The money changers still have a stranglehold on the financial system, and nowhere it is more evident than in the price of gold.
Will it end? Yes, but as has been the biggest mystery, no one knows when?! While the golden grip continues, it is inexorably loosening. The United States, and by extension, the United Kingdom, is fast becoming more and more isolated. First, it was the natural opposition, Russia, China, morphing into the BRICS. Unable to sustain their no longer warranted arrogance, the Western alliances are now falling apart. Note the cover from Die Zeit, symbolic of the growing attitude of the rest of the world toward the US:
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Friday, November 01, 2013
Global Gold Mining Trends / Commodities / Gold and Silver 2013
In 2012 more gold was extracted from the Earth than ever before in history. And even with 2013’s anomalous gold panic devastating the mining industry, production is expected to rise for the fifth year in a row. The latest exploration cycle is no doubt bearing its fruit. And it’s fascinating to see the geographical trends of this harvest.
Gold’s 2000s bull market has prompted the miners to scour the world over in search the Ancient Metal of Kings. And over the course of this bull, they’ve indeed reached far and wide to find their glory. Now rather than only a small handful of countries responsible for the lion’s share of production, mine supply is truly a global affair.
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Friday, November 01, 2013
Gold and Silver Futures Beyond the Madness / Commodities / Gold and Silver 2013
World silver spot prices are determined by a once sacred, but now inept, process. While the evolution of futures contract for the modern age helped facilitate the industrial revolution, it has now been completely usurped and abused. This is especially the case in gold and silver, even to the point where confidence in this market threatens to turn the world financial system upside down.Read full article... Read full article...
Friday, November 01, 2013
Gold Markets Are Not Efficient, Don't Reflect Fundamentals and Understate Gold's Market Value / Commodities / Gold and Silver 2013
In this part and the next we will look at the prospects for the gold price for the rest of this year and beyond. These next parts are the critical parts. What we will try to do is to synthesize the factors playing on the gold market today and have done in 2013.
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Friday, November 01, 2013
Why Buy Fracking Stocks and Sell Gold Holdings / Commodities / Fracking
Chen Lin, author of What is Chen Buying? What Is Chen Selling?, goes wherever he sees returns. In the summer, he bought mining stocks when the yellow metal hit $1,200 per ounce. Now, he's trading in his gold names and moving into the fracking space after a three-year hiatus. In this interview with The Energy Report, Lin names the companies he's buying to play a likely energy sector bottom and tells investors to actively manage their portfolios in the coming stock-picker's market.
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