Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, May 15, 2013
South Africa Starts Importing Gold to Meet Global Coins Demand / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,412.25, EUR 1,094.51 and GBP 926.67 per ounce.
Yesterday’s AM fix was USD 1,436.50, EUR 1,103.47 and GBP 938.15 per ounce.
Wednesday, May 15, 2013
Gold Swift and Violent Plunge to $1100 Possible / Commodities / Gold and Silver 2013
"It's not the size of the dog in the fight, it's the size of the fight in the dog."- Mark Twain (1835-1910)
The more I look at gold the more I realize that very few people understand what’s going on with the yellow metal. In part this is do to the fact that gold brings emotions to the surface faster than any other investment I can think of, and emotions have little or no place in the markets. Bringing a varied group of investors together to discuss the yellow metal is like sticking Protestants and Catholics together in a room and telling them to discuss birth control. It may be entertaining, but the discussion goes nowhere. Right now the folks who like gold are complaining that the Fed and the bullion banks, financial institutions like Citibank and J P Morgan, are manipulating the price of gold. I believe there’s more than a grain of truth to that, but if I’m long gold it’s of no conciliation.
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Tuesday, May 14, 2013
A Different View of the Silver Market / Commodities / Gold and Silver 2013
Miguel Perez-Santalla writes: Why does silver move so much further, and faster, than gold...?
The SILVER MARKET often gets a bum rap. The reason is that often its gyrations are much greater than those of the gold market.
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Tuesday, May 14, 2013
How Investors Should Diversify Beyond Gold / Commodities / Metals & Mining
Last month's landslide at Utah's Bingham Canyon, one of the world's largest copper mines, triggered significant discussion on possible copper shortages. Brent Cook, veteran geologist and publisher of Exploration Insights, puts the landslide into perspective in this interview with The Metals Report. And for investors who want to dig out profit potential beyond the yellow metal, Cook gives us a byproduct primer and suggests base metals are a great way to diversify.
The Metals Report: In April, a landslide shut down operations at one of the largest copper mines in the world, Rio Tinto Plc's (RIO:NYSE; RIO:ASX; RIO:LSE; RTPPF:OTCPK) Bingham Canyon mine. Thankfully, no one was injured. Are landslides always a threat at large, open-pit mines? Will this change the standards for how mines are built and their size?
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Tuesday, May 14, 2013
Stronger Dollar Means Gold Has Lost Safe Haven Appeal / Commodities / Gold and Silver 2013
SPOT GOLD fell towards three-week lows Tuesday, dropping as low as $1423 per ounce, as the Euro also fell against the Dollar after comments from those attending today's Eurozone finance ministers' meeting appeared to show disagreement over the creation of a banking union.
Days after Germany's DAX index set a new record high, European stock markets extended yesterday's losses this morning.
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Tuesday, May 14, 2013
Fed Gangsters Manipulating Gold and Silver Prices / Commodities / Gold and Silver 2013
There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.
My explanation that the sudden appearance of an unprecedented 400 ton short sale of gold on the COMEX in April was a manipulation designed to protect the dollar from the Federal Reserve’s quantitative easing policy has found acceptance among gold investors and hedge fund managers.
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Tuesday, May 14, 2013
Silver Prices to Soar, Like Gold on Steroids! / Commodities / Gold and Silver 2013
Diane Alter writes: It's hard not to get a bit nostalgic about silver prices.
I find myself reminiscing about April 2011 when the white metal ended the month at a sterling $48.70 an ounce after hitting an all-time intraday high of $49.51. That record surpassed the previous high of $49.45 set three decades earlier when the Texan Hunt brothers set out to corner the silver market.
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Tuesday, May 14, 2013
Gold Bulls vs. Bears: What’s the Best Strategy? / Commodities / Gold and Silver 2013
Moe Zulfiqar writes: Gold bullion has attracted a lot of attention lately from both the bull side and the bear side. The main reasons: the continuous decline in the prices since the yellow metal reached its highs in 2011, and the recent sell-off, which caused more pain to the investors. Will gold go down further? Or is it headed much higher?
Tuesday, May 14, 2013
Gold Price to Re-Test $1350 Low / Commodities / Gold and Silver 2013
Gold prices have started the week weaker in the southern hemisphere, dropping around $18.00 to trade at $1429.00/oz, despite the amount of physical buying that is taking place the paper market still calls the shots, for now at least. After what looks like a capitulation gold prices did bounce back, however, they have failed to break through $1500 and challenge the 50dma and now look set to test recent lows.
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Tuesday, May 14, 2013
When Will Gold Bull Market Resume? / Commodities / Gold and Silver 2013
While Gold has seen a decent rebound, Silver and the mining shares (the more speculative side of the complex) have failed to sustain any rebound despite tremendously supportive sentiment amid an extreme oversold condition. Is the failure to rebound bearish? Not really. This is a sector that is completely sold out but there are yet to be enough buyers to generate a sustained rebound. The combination of strength in conventional asset classes (stocks and bonds) and poor performance over the past two years is causing this sector to read like the heart rate monitor of a heart patient. The sellers are gone and the buyers are scant. We believe the bottom is in and a rebound should begin very soon. However, we are more concerned with what will be the driving force for a sustainable rebound which will evolve into a new cyclical bull market.
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Tuesday, May 14, 2013
Three Reasons to Buy Gold Stocks Today / Commodities / Gold and Silver Stocks 2013
A strong stomach and a tremendous amount of patience are required for gold stock investors these days, as miners have been exhibiting their typical volatility pattern.
That's why I often say to anticipate before you participate, because gold stocks are historically twice as volatile as U.S. stocks. As of March 31, 2013, using 10-year data, the NYSE Arca Gold BUGS Index (HUI) had a rolling one-year standard deviation of nearly 35 percent. The S&P 500's was just under 15 percent.
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Tuesday, May 14, 2013
Silver Price Lows: A Discernible Pattern / Commodities / Gold and Silver 2013
Unfortunately, there is not, that I can see, a simple pattern that predicts the next high or low in the price of silver. Markets seldom make it that easy. However, there are patterns that provide valuable information to help illuminate the “big picture” perspective of where the current price of silver lies in the up-down-up-down cycle of prices.
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Monday, May 13, 2013
Impulsive Gold and Silver Game Plan / Commodities / Gold and Silver 2013
Before we move on to the charts for this Weekend Report I would like to thank all the new subscriber who have joined us over the last several months. We are experiencing some growing pains at the moment that are being attending to by our wizard website designer audept. He is on top of the situation and we should be lightning fast once all the changes are made. Thanks for your understanding.
In this Weekend Report I want to get everyone up to speed and on the same page of what I’m seeing with the charts. I think there is a bit of confusion, especially with some of our new subscribers, on what the game plan is. Our game plan right now is fairly simple. As the longer term subscribes know we’ve been accumulating positions in some of the 3 X short etf’s like DUST which we started last December, DGLD & DSLV in the Kamikaze portfolio. The reason I have been recommending these trades, in the Kamikaze Portfolio, is because I think we are in a unique situation in regards to the precious metals complex. I have pointed out several different times that what we are experiencing right now isn’t normal and doesn’t happen many times in an investors career and that is to catch a big strong impulse move from the very beginning.
Monday, May 13, 2013
The Hidden Crisis in the Gold Business / Commodities / Gold and Silver 2013
Barrick CEO Jamie Sokalsky has some things to say about the gold mining business that will come as a revelation to many gold owners. In a speech at the London Bullion Market Association’s conference in Hong Kong last November, Sokalsky wades into a largely hidden crisis in the gold business — static mine production that has not responded positively to the rising prices over the last several years, and is unlikely to ramp up even if prices go higher from here.
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Monday, May 13, 2013
China’s Consumption of Gold and Acquisition of Gold Mining Stocks Continues / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,429.75, EUR 1,102.52 and GBP 931.19 per ounce.
Friday’s AM fix was USD 1,449.25, EUR 1,114.12 and GBP 941.62 per ounce.
Monday, May 13, 2013
Gold and Silver Price Crash is Not Over, New Bear Market? / Commodities / Gold and Silver 2013
As I write this email, gold is down more than 3% for the morning of Friday, May 10.
Major pullbacks like Friday's are often followed by big bounces, but as gold and silver threaten to breach the recent April lows, many investors have an important question in mind:
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Monday, May 13, 2013
Gold and Silver Fall as US Dollar Holds onto Gains / Commodities / Gold and Silver 2013
SPOT MARKET gold bullion prices fell to $1430 an ounce Monday, 1.2% down on where they ended last week, as stock markets also fell and the US Dollar held onto most of its gains from last week.
Silver fell to $23.70 an ounce – 0.8% down on last week's close – as other commodities also fell, with the exception of copper.
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Monday, May 13, 2013
The Catalyst That Could Cause Platinum Price to Skyrocket / Commodities / Platinum
Tony Daltorio writes: Thanks to the hit gold prices took in mid-April, other precious metals also got caught in the downdraft - but some still look to be among the best investments of 2013.
Take platinum, for example.
It is currently trading at about $1,500 an ounce, well off its 52-week high of $1,734 an ounce. During the height of the selloff last month, it touched a low of $1,381 an ounce.
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Monday, May 13, 2013
The Role of GLD and SLV Gold and Silver ETF's / Commodities / Exchange Traded Funds
In August 2011 I wrote to the Financial Services Authority to seek confirmation that the London-based custodians of SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) were being regulated as custodians, despite the fact that physical bullion is not a regulated investment. After some chasing on my part I finally got a response, kicking my letter firmly into touch. The FSA accepted that the custodians (HSBC Bank USA NA for GLD and JP Morgan Chase Bank NA London Branch for SLV) were regulated, but appeared to be unwilling to do anything about it other than to pass my letter on to "the supervisors of the relevant firms".
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Monday, May 13, 2013
The Big Fallacy Silver Trading More Like A Base Metal / Commodities / Gold and Silver 2013
The notion that silver has been recently trading more like a base metal is more a fallacy than fact. Some of the top technical analysts have been stating that the reason why the price of silver has not held up as well as gold is due to the fact that silver trades more like copper than gold. Basically, if the "King" of the base metals suffers... so will silver. While this makes good press, the reality is much different if we look at the data below.
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