Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, June 21, 2013
Gold and Silver - A Great Day to be a Bear / Commodities / Gold and Silver 2013
In the wee morning hours before dawn on Thursday, June 20, the precious metals' rooster crowed, "*****-a-doodle-DOH!"
It was the ultimate wake-up call:
Read full article... Read full article...First, gold prices plummeted 4% then 5% then 6% below $1300 per ounce to their lowest level in nearly three years. Soon, silver followed in an even steeper drop below $20.
Friday, June 21, 2013
After the Gold Crash - Summer Rest for the Gods Or Gold? / Commodities / Gold and Silver 2013
After the Fed's gold crash, what might India's Chaturmas mean for prices...?
AFTER the import curbs came the Fed. Next will come Chaturmas. Might this 'closed season' for Indian weddings finally stem the subcontinent's frantic gold buying this summer?
It usually does. All Asian gold demand tends to ease off mid-year, but India goes dead quiet, thanks to the lack of auspicious days on the Hindu calendar. 2013's Chaturmas – literal meaning, "four months" – starts in mid-July. Although it starts later and is shorter than in 2012, the shutdown for Indian weddings will still run until early November as the Hindu gods and goddesses enjoy their Yogi Sleep.
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Friday, June 21, 2013
How to Profit from Seasonal Energy Cycles / Commodities / Energy Resources
For short-term traders, understanding cyclical markets is the key to profits. And with the hottest summer months ahead, natural gas could get a price boost when air conditioners start to hum, says Roger Wiegand, publisher of the Trader Tracksinvestment newsletter. In this interview with The Energy Report, Wiegand shares some promising names for investors who are ready to read the technical charts—and mark their calendars.
The Energy Report: How are the supply/demand fundamentals playing out for North American energy resources?
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Thursday, June 20, 2013
Will the U.S. Be Able to Dominate the Gold Price Both Ways? / Commodities / Gold and Silver 2013
In April the gold price buckled and fell $330, $200 of which took only two days. It was a well-engineered bear raid, initiated by over 400 tonnes of 'short' positions on the COMEX futures and options market. But the futures and options market is not likely to cause the price of gold to fall as only 5% of that market involves the physical delivery of gold and then only after the counterparty has been put on notice that physical delivery of gold is required.
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Thursday, June 20, 2013
Gold, Silver, Stocks, Bonds Plunge On Fed Noise And China Debt Crisis Risk / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,303.25, EUR 986.34 and GBP 842.38 per ounce.
Yesterday’s AM fix was USD 1,366.00, EUR 1,019.86 and GBP 874.91 per ounce.
Gold fell $16.10 or 1.18% yesterday and closed at $1,351.00/oz. Silver sank to $21.25 and ended down 1.25%.
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Thursday, June 20, 2013
Gold, Silver Fall to 3 Year Lows as Bernanke Says Fed Could Slow Asset Purchases This Year / Commodities / Gold and Silver 2013
SPOT MARKET gold and silver prices fell to their lowest levels since September 2010 Thursday, with gold dropping through $1300 an ounce during London trading and silver falling below $20 an ounce.
Stocks and commodities also fell and the US Dollar strengthened after US Federal Reserve chair Ben Bernanke told a press conference that "the underlying factors are improving" in the US economy, adding that the Federal Open Market Committee could begin to scale back its $85 billion-a-month asset purchases later this year, a process that has become known as 'tapering'.
Thursday, June 20, 2013
Gold and Silver Stocks Cold Hard Look at the Unfolding Carnage / Commodities / Gold and Silver Stocks 2013
Before we look at the charts tonight I just want to make it perfectly clear that I’m not a gold basher or wish for bad things to happen to the precious metals complex. I first found the bull market in the precious metals stocks in the spring of 2002 after having the ride of a lifetime trading the tech stocks up until the spring of 2000 where I cashed out based on a particular chart pattern that told me to either expect a decent consolidation period to begin or it was the end of one of the greatest bull markets in history. It didn’t take long to see a major top had formed and the place to be was on the sidelines. During that great run in the late 1990′s the precious metals stocks were not even close to being on my radar screen. It wasn’t until I looked at a long term chart for gold, in the spring of 2002, that I seen a beautiful inverse H&S base that I couldn’t ignore. I didn’t know anything about the precious metals stocks at that time but with that beautiful H&S base I knew some of the precious metals stocks had to have a bullish look to them as well. I learned about the little juniors that everyone, who was connected to the precious metal complex, were talking about. This was game on for me and I have traded exclusively in the precious metals complex for the last eleven years. The chart patterns that gold, silver and the HUI created during their bull market were some of the most beautiful patterns a chartists like myself could ever expect to see.
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Thursday, June 20, 2013
Get Ready for Really Cheap Silver Stock Prices / Commodities / Gold and Silver 2013
It's a jungle out in the silver markets. Investors are holding on for their lives as the price of metals swings to higher highs and lower lows and junior equities bounce along the bottom. In this interview with The Gold Report, David H. Smith, senior analyst at silver-investor.com's The Morgan Report, navigates the jungle by advising which explorers, midtiers, stalwarts and royalties to consider buying in tranches on the way down and selling on the inevitable way up.
The Gold Report: David, Silver Investor analyzes the long-term macro trends and specific stock catalysts in the silver market. What do you see as the risk/reward profile over the next 12 to 36 months in the space?
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Wednesday, June 19, 2013
What Lies Ahead for the Gold Price? / Commodities / Gold and Silver 2013
First, the bad news…
The selling is likely not over. The capitulation process may not be completed. Overall momentum remains down.
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Wednesday, June 19, 2013
How to Invest in Platinum in 2013 / Commodities / Platinum
Tony Daltorio writes: Anyone following how to invest in platinum this year has noticed the importance of South Africa to this metal's price.
That's because most of the world's platinum supplies come from South Africa. The country produces nearly 70% of the world's platinum and is home to 80% of the world's reserves.
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Wednesday, June 19, 2013
Why the Fed's QE Policy is Bullish for Crude Oil Prices / Commodities / Crude Oil
Dr. Kent Moors writes: Most investors have followed what the Fed's QE policy has done to gold, but few realize its impact on oil prices.
Recently, I talked about how crude was beginning to occupy a position as a store of market value ("Why Oil Is Becoming the New 'Gold Standard," May 20, 2013). The development has been a direct consequence of the flight from holding gold.
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Wednesday, June 19, 2013
Crude Oil Prices Start to Breakout / Commodities / Crude Oil
Following the May 25, 2013 Market Minute titled "Is oil about to breakout to higher levels?", Light crude prices have moved over a resistance level that have contain the commodity for over six months. As this transition is in its early stages, several additional days of price advancement will be required to confirm the breakout. Nevertheless, WTI prices are firming and signals a change in traders attitude toward this commodity.
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Wednesday, June 19, 2013
The Global Race for Shale Natural Gas Development / Commodities / Natural Gas
Guess who the US Energy Information Agency (EIA) says has 430% more proven gas reserves than the US?
Guess who has twice as much as the US in shale gas technically recoverable?
Guess who has over twice as much proven oil reserves as the US?
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Wednesday, June 19, 2013
Cocoa Investing - Where a Resources Manager is Uncovering a Sweet Find / Commodities / Cocoa
After traveling nearly 6,000 miles by plane, helicopter and jeep, Evan Smith, portfolio manager at U.S. Global, is walking along a dirt path in Kenema past dilapidated shops covered with rusted, corrugated metal. He can hardly believe he has arrived at his destination. Surrounded by hundreds of miles of forest and savannah, it's tough to imagine an agricultural diamond-in-the-rough nearby.Read full article... Read full article...
Wednesday, June 19, 2013
Will Silver Price Drop to $10? / Commodities / Gold and Silver 2013
A drop of the silver price to $ 10/ounce is highly unlikely in view of the sharply rising National Debt in the USA but also in Europe.
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Wednesday, June 19, 2013
Silver Price to Rise as Top Miner's High Grade Production Evaporates / Commodities / Gold and Silver 2013
One of the most insidious problems taking place in the gold and silver mining industry is the decline in falling yields. Not many realize, when yields decline, production evaporates and disappears. To offset the decline in metal yields, the mining companies have to add new mines and or increase the amount of processed ore.
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Tuesday, June 18, 2013
U.S. Gold Reserves, They Would Not Lie to Us, Right? / Commodities / Gold and Silver 2013
The official gold holdings (rounded numbers) of the US Treasury Department are as follows:
Fort Knox | 147,000,000 ounces |
West Point | 54,000,000 ounces |
Denver | 44,000,000 ounces |
Federal Reserve of NY | 13,000,000 ounces |
Other | 3,000,000 ounces |
Total | 261,000,000 ounces |
Tuesday, June 18, 2013
Gold, Silver Drift Lower, Market See's Paradigm Shift in Investor Attitudes / Commodities / Gold and Silver 2013
GOLD drifted to a one-week low below $1380 an ounce Tuesday morning, as silver dipped below $21.80 an ounce, with stocks and commodities broadly flat on the day ahead of tomorrow's US Federal Reserve decision, with analysts speculating on whether the Fed will give details of when and how it might slow down its quantitative easing program.
"The outlook for the gold price remains negative from a technical perspective," says Karen Jones, head of FICC technical analysis at Commerzbank.
Tuesday, June 18, 2013
Manipulated Crude Oil Market Malarkey – Welcome Greater Fools! / Commodities / Crude Oil
What complete BS the Futures are!
We started out last night, at 6pm, with the Dow Futures right at 15,000, flat to Friday's close. However, MIRACULOUSLY, by Asia's close at 4am, we were back to 15,130 (Friday's high) and you have to be high if you could read the weekend headlines we were going over in early morning Member Chat and thought that kind of move was justified! We concluded that oil futures (/CL) would be the best short at a ridiculous $98.50 so we called that line and, already, less than two hours later (8:17), we're back at the $98 line with $500 per contract profits! Maybe we should just take the rest of the week off and quit while we're ahead.
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Tuesday, June 18, 2013
The Hidden Costs of Gold and Silver Miners’ Optimism / Commodities / Gold and Silver Stocks 2013
By Andrey Dashkov, Research Analyst:
The junior resource sector is struggling financially, something most investors seem to agree on – and rightly be wary of. Here at Casey Research, we've analyzed both producers and explorers to see how profitable (or value-adding) they may be under current market conditions. The rather obvious conclusion, shared by many company executives, is that now is the time to be frugal.