Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, October 25, 2013
Gold Best Week in 11 for on US Short-Covering / Commodities / Gold and Silver 2013
The PRICE of wholesale gold slipped but held near 1-month highs Friday morning in London, heading for the strongest week-on-week gain since mid-August at $1343 per ounce.
Rising 1.7% from last Friday's finish, gold prices lagged silver – up 2.3% for the week – as European stock markets held flat and Asian stock markets fell hard.
Friday, October 25, 2013
China's Gold Reserves At Least 2.5 Times Higher Than Reported, ‘De-Americanisation’ Continues / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,341.75, EUR 971.79 and GBP 827.58 per ounce. Yesterday’s AM fix was USD 1,336.25, EUR 968.79 and GBP 825.76 per ounce.
Gold climbed $12.10 or 0.91% yesterday, closing at $1,345.40/oz. Silver inched up $0.11 or 0.49% closing at $22.67. Platinum rose $15.45 or 1.1% to $1,445.75/oz, while palladium fell $0.53 or 0.1% to $743.47/oz.
Read full article... Read full article...
Friday, October 25, 2013
Silver in a Deflationary Crash / Commodities / Gold and Silver 2013
Silver may be the good news metal, but it's about to have a serious retest of its “bad news” capacity.
The 1970’s
It's been a long while since we've witnessed visible inflation.
Friday, October 25, 2013
Silver and Gold - Lone Options in an Exponential World / Commodities / Gold and Silver 2013
Monetary inflation, by whatever euphemism and at multiple stages in its cycle, has clear benefits to some but major disadvantages for the majority. Sadly, the impact of the final leg of the century- long monetary experiment may be far uglier than many would like to imagine.Read full article... Read full article...
Friday, October 25, 2013
12 Reasons Why Gold Price Will Rebound and Make New Highs in 2014 / Commodities / Gold and Silver 2014
Investor sentiment towards precious metals is at the lowest level in over a decade. Many analysts believe the bull market is over and are calling for sub-$1,000 gold in 2014. Even diehard gold bugs are losing faith, as the correction has been longer and more severe than most had anticipated.
So, is it time to throw in the towel? Is the bull market in precious metals really over?
Read full article... Read full article...
Friday, October 25, 2013
Precious Metals: Gold, Silver and Miners Are Trapped / Commodities / Gold and Silver 2013
The precious metal market has been stuck in a strong down trend since 2012. But the recent chart, volume and technical analysis is starting to show some signs that a bottom may have already taken place.
This report focused on the weekly and monthly charts which allow us to see the bigger picture of where the precious metals sector stands in terms of its trend.
Read full article... Read full article...
Thursday, October 24, 2013
US Dollar Valued In Gold Since 1718 / Commodities / Gold and Silver 2013
How many ounces of gold can $1000 buy?
The answer over time is instructive. Here is some knowledge about money.
It is remarkable how few economists really understand this, and what it means, what it implies.
Thursday, October 24, 2013
Technicians Turn "Gold Bulls" as SocGen's Edwards Warns of "Financial Bubbles" / Commodities / Gold and Silver 2013
The PRICE of gold gained $10 per ounce in London trade Thursday morning, gaining 2.2% for the week so far to trade at $1346 as several analysts said they were "turning bullish".
World stock markets ticked higher, while the Euro slipped from 2-year highs vs. the Dollar after weaker-than-expected PMI economic data, led by a sharp in services sector growth.
Thursday, October 24, 2013
Gold Stocks Continue Bottoming Pattern / Commodities / Gold and Silver Stocks 2013
A month ago we noted that the gold stocks were headed lower and to a potential double bottom that would create another great buying opportunity. After seven straight weeks of price declines, the gold stocks rebounded last week and are off to a good start this week. We can't be sure if a double bottom or some complex head and shoulders pattern is developing. Regardless of the specific pattern, a bottom seems to be developing and another great buying opportunity could be at hand.
Read full article... Read full article...
Thursday, October 24, 2013
Gold Prices Still Dependent On The US Dollar / Commodities / Gold and Silver 2013
Background
We will begin by taking a look at some of the factors that usually drive investors into the arms of ‘safe haven’ gold and other precious metals.
We are all aware that the world is in a chaotic state at the moment with a number of friction points that could spark and get of hand at any time. The debt ceiling has been raised in the United States paving the way for more government spending. Bond buying programs remain in place and currency creation by a number of governments continues unabated as each nation attempts to boost exports by debasing their own currency. The production of gold from mining activities is slowing. The demand, especially from China appears to be in overdrive. On a seasonality basis the fall is usually a time when gold does very well, but that is not happening this year, at least not just yet.
Thursday, October 24, 2013
Oversold Gold Does The Trick, Bulls Get The Treat / Commodities / Gold and Silver 2013
In what started as a depressing month for gold investors has turned positive with metals and mining stocks posting their best performances since August.
Investors may have dreaded October heading into the month for various reasons - not the least of which was the U.S. government shutdown and debt ceiling showdown. But the "scariest month" is turning out to be nothing more than a phantasm heading down the final stretch. In this commentary we'll examine where gold is likely headed thanks to a historic technical condition mentioned in previous commentaries.
Read full article... Read full article...
Wednesday, October 23, 2013
Gold, Silver and the Debt Ceiling / Commodities / Gold and Silver 2013
To paraphrase William Shakespeare, “the debt ceiling drama is a tale told by idiots, full of sound and political fury, signifying nothing.” We now have a reprieve for three months – the 11th hour deal, complete with payoffs and the usual corruption, will keep the world safe for more ineptitude, deficit spending, administrative hypocrisy and the guarantee of a sequel. All is well! Celebration! Champagne! Cut to a prime-time commercial promoting big government and Obamacare…
Read full article... Read full article...
Wednesday, October 23, 2013
Delay in Fed Taper Sees Gold "At Key Juncture" / Commodities / Gold and Silver 2013
The PRICE of GOLD slipped 1.1% from yesterday's sudden 3-week high in London on Wednesday, holding above $1330 per ounce as the US Dollar rallied from new two-year lows on the currency market.
Falling to $1.3790 per Euro, the Dollar had dropped almost 1% after September's US jobs data showed much weaker hiring than analysts forecast.
Wednesday, October 23, 2013
Gold Strategies for Success in a Flat Commodity Price Market / Commodities / Gold & Silver Stocks
It could be 2017 before the commodity supercycle is evident again, but stormy weather in the mining space has a silver lining: It is encouraging miners to develop new, innovative approaches to their business. In this interview for the first edition of The Mining Report, John Kaiser of Kaiser Research Online outlines 10 strategies that are setting certain companies apart. Discover the companies that are redefining their business, as well as miners with the goods in the ground to continue come rain or shine.
The Mining Report: John, you have characterized the current resource market as a bear market unlikely to have higher metal prices in the next year, with the possible exception of zinc. Why are you drawing a different conclusion than other analysts who believe we are in a resource supercycle?
Read full article... Read full article...
Wednesday, October 23, 2013
What's Your Gold Plan for Getting Punched in the Mouth? / Commodities / Gold and Silver 2013
Miguel Perez-Santalla writes: Planning to win is where you should start. But what if your opponent hits back...?
MIKE TYSON may be launching his autobiography, but he isn't famed for his eloquence.
Still, while he's no Mohammed Ali perhaps, Iron Mike's best boxing tip – that "Everyone has a plan until they get punched in the mouth" – is much deeper a comment than the former world heavyweight champion may have intended.
Read full article... Read full article...
Tuesday, October 22, 2013
Gold Market Tremors and Warnings / Commodities / Gold and Silver 2013
Here are three charts that capture the somewhat uniquely dangerous situation in the gold futures market on the Comex.
The first chart shows all gold in storage at Comex certified private warehouses. The major bullion banks control the vast majority of this storage. Among these are JPM, HSBC, Scotia Mocatta. Storage and delivery services are also provided by Brinks and Manfra, Tordella, and Brookes, a large NYC coin and bar dealer.
Tuesday, October 22, 2013
Crude Oil and Its Connection with the U.S. Dollar / Commodities / Crude Oil
The recent months have been tough for the U.S. currency. Since July the greenback has lost 6% and dropped to a new eight-month low on Friday. Investors avoided the dollar, firstly after the Fed opted against cutting its stimulus in September and then as the budget spat in Washington pushed the country close to a default. Despite this decline, yesterday, the dollar pulled back from an eight-month low as investors awaited delayed U.S. jobs data.
Read full article... Read full article...
Tuesday, October 22, 2013
Crude Oil Teeters On The Brink – Of $100 A Barrel / Commodities / Crude Oil
MEMORIES OF THE 1986 PRICE CRASH
Like the US debt ceiling saga – with the only possible result being more debt - the ultra-magic triple-digit dollar price of US WTI, and of course more for European Brent, needs extraordinary measures to stay that overblown. In the case of the US debt mountain the Fed does the extraordinary (over)blowing, but for oil WTI counts on heavy lifting by leading members of Wall Street's oil market manipulator clique – sometimes called “investors” - who not so long ago forecast WTI as easily able to attain $125 per barrel by December 31st.
Tuesday, October 22, 2013
Gold Traders Lack Conviction / Commodities / Gold and Silver 2013
WHOLESALE gold held in a tight $5 range Tuesday morning in London, drifting around $1315 per ounce ahead of delayed data on US unemployment.
The monthly Non-Farm Payrolls report had been due more than two weeks ago. It was set for release Tuesday after Congress's 3-month deal on the $16.7 trillion debt ceiling ended the shutdown of government services.
Tuesday, October 22, 2013
On the Frontlines of the Global Shale Gas Revolution / Commodities / Fracking
Dr. Kent Moors write: TJ is one of those functionaries in the British Foreign Office (FO) who tend to keep their heads down and out of the line of fire. He has been my liaison for several years now.
Usually, he only opens his mouth to answer questions or give me the latest revision in my schedule.
So it was a bit unusual to hear him to express his opinions so vividly yesterday. Clearly, he was frustrated.
Read full article... Read full article...