Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, April 29, 2013
Gold And Silver Coin And Bar Global Shortage / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,472.50, EUR 1,125.51 and GBP 947.80 per ounce.
Friday’s AM fix was USD 1,462.25, EUR 1,123.43 and GBP 947.79 per ounce.
Monday, April 29, 2013
CRUDE OIL Turns Bullish, Could See $95.00 / Commodities / Crude Oil
OIL accelerated higher on Thursday, and more importantly closed well above the upper parallel trend-line of a base channel. That's a very strong indication of an impulsive recovery, as this break (circled) usually occurs in the middle of a wave three of a five wave rally.
Read full article... Read full article...
Sunday, April 28, 2013
Bad News for Copper Bulls, Trouble in China / Commodities / Copper
Jason Jenkins writes: There’s been a lot written about gold over the past two weeks and with good reason. But let’s be clear about something…
In our current environment, governments printing absorbent amounts of money will not translate into high inflation. And if you play gold strictly as an inflation hedge, you will get burned.
Read full article... Read full article...
Sunday, April 28, 2013
Gold Bugs Fantasizing About Disconnect Between Paper and Physical Gold / Commodities / Gold and Silver 2013
Gold's post-plunge rally of the past 9 trading days has been quite impressive, given what preceded it, but it has not vitiated the implications of the support failure and plunge, and it won't until either a substantial base pattern forms, or the price breaks back above the strong support that has now become strong resistance. The chance of the latter happening over the short-term is low, and with the price now up within sniffing distance of the resistance, gold is viewed as being at a good point for traders to short it for a retreat back towards the recent lows, at the least.
Read full article... Read full article...
Sunday, April 28, 2013
Silver Price Breakdown on Heavy Volume Does Not Look Good / Commodities / Gold and Silver 2013
After being stuck in a tight range following its plunge about 9 trading days ago, silver finally responded to gold's creeping advance and 'popped' on Thursday, but it was not that impressive and was followed by a rather negative 'spinning top' candlestick on Friday, meaning that it could have been a 1-day wonder especially given that gold's relief rally looks to be about done.
Read full article... Read full article...
Sunday, April 28, 2013
War on Gold and Silver / Commodities / Gold and Silver 2013
War [unofficially] declared on gold and silver!
The gloves are off, and central bankers are on a full frontal assault against all [paper] holders of gold and silver. Ironically, that very overt assault is the biggest clue of how fearful those in power really are. Fear, a sign of weakness, and the New World Order does not want anyone snooping behind their curtain of Oz.
Read full article... Read full article...
Saturday, April 27, 2013
Gold Stocks Warning - Sell in May and Miss a Chance to Buy Cheap / Commodities / Gold and Silver Stocks 2013
What is up—the Dow Jones Industrial Average and Standard & Poor's 500—will come down and what is down—gold equities—will go up fast, predicts the ultimate contrarian investor, Bob Moriarty. In this interview with The Gold Report, the president of 321 Gold proclaims that while all gold stocks are cheap right now, he talks about some favorites that he expects to jump when the junior market turns. Those who turn their back on the market over the summer just might lose their best chance to get in at historic lows.
Read full article... Read full article...
Saturday, April 27, 2013
The Truth about Gold / Commodities / Gold and Silver 2013
Alexander Green writes: Investors worldwide have watched gold take a precipitous plunge in recent weeks. And, for reasons I’ll explain, the selling may not be over.
But the longtime gold bulls never change their tune. Here’s why…
Ten years ago, I made a strong case for buying gold. I pointed out that the dollar was weakening, inflation was rising, jewelry demand was surging in India and China, there were supply constraints in the industry, and the trend was definitely our friend.
Read full article... Read full article...
Friday, April 26, 2013
Gold Stocks Driven Down to Panic Levels / Commodities / Gold and Silver Stocks 2013
Gold stocks have to be the most despised sector in all the markets. Mainstreamers barely even know they exist, while even the vast majority of so-called contrarians scorn them. The sheer contempt for this sector is amazing considering gold stocks were almost certainly the best-performing sector of the past decade. This universal antipathy has driven them to panic levels, by far the markets’ best fundamental bargains.
Gold stocks weren’t always held in derision. From November 2000 to September 2011, the flagship gold-stock index known by its symbol HUI catapulted an astounding 1664.4% higher! This was over a very long 10.8-year secular-bear span where the broad stock markets as measured by the mighty S&P 500 fell 14.2%. After multiplying their investors’ wealth by 18x, they should have been the most-popular sector.
Read full article... Read full article...
Friday, April 26, 2013
Arizona's Hard Currency: How Much Gold Does it Need? / Commodities / Gold and Silver 2013
Miguel Perez-Santalla writes: How much gold & silver might Arizona, Utah and the other states now involved in hard-currency laws come to need...?
Arizona is moving to allow gold and silver coin to be used to pay debts, and - effectively - go shopping.
This has already been approved in the state of Utah, and there is an assortment of other states that are moving in this direction as well. However, Utah's gold currency law has been on the books for more than a year. But it has not yet made any headway into how to manage gold and silver being used as currency. Nor will payees be obliged to accept bullion as payment. As a result, many pundits are pooh-poohing Arizona's gold idea, acting as obstacles to its possible success.
Read full article... Read full article...
Friday, April 26, 2013
Silver Prices Underperformance Against Gold / Commodities / Gold and Silver 2013
What happened on Friday, April 12 and Monday, April 15 on gold and silver markets looked like a gigantic earthquake – a drop of about $200 (13%) for the yellow and almost $5 (18%) for the silver metal. There has been a lot of hyperbole going on. We even heard it said that a move of that scale would statistically only be expected “once every 4,776 years.” Going even further, John Kemp of Reuters calculates that, based on a normal distribution (by the way, market returns are not normally distributed), movements like this can be expected once in every 500 million trading days, or two million years. Sounds far-fetched?
Read full article... Read full article...
Friday, April 26, 2013
Silver Market Manipulation - Then and Now / Commodities / Gold and Silver 2013
The recent price drop in silver was severe, but not exactly like silver’s Black Thursday in 1980. It was different this time, but some aspects of the decline seemed the same.
This time, a different demand character prevailed. Also, the overall level of market awareness and underlying sentiment was stronger.
Read full article... Read full article...
Friday, April 26, 2013
Little Silver Markets and the Big Box Warehouses / Commodities / Gold and Silver 2013
What the precious metals market has seen over the last week in both silver and gold is a worldwide surge in physical demand as prices fell. This is what happens when the management of perception backfires.
It seems poetic justice that a drive by smash-down of precious metal prices would actually trigger the beginning of the last phase of this bull market. Nevertheless, these are exactly the kinds of consequences that occur when a market has been prevented from discovering its true value.
Read full article... Read full article...
Friday, April 26, 2013
Gold Bullion Shortage Seen in Asia / Commodities / Gold and Silver 2013
GOLD drifted lower towards $1460 an ounce Friday morning in London, having climbed to its highest level since last week's price drop at $1485 during Asian trading.
"The next resistance level is $1487," says a note from technical analysts at Scotia Mocatta published late Thursday.
Read full article... Read full article...
Friday, April 26, 2013
Gold to Rebound on the Back of Economic Recovery That Never Was / Commodities / Gold and Silver 2013
John Whitefoot writes: Once again, the proof is in the numbers. On one hand, the Dow Jones Industrial Average and the S&P 500 are doing amazing! But on the other hand, few seem to be benefiting. You don’t really hear about the latter on the evening news, even though the amount of supporting data is overwhelming.
Read full article... Read full article...
Friday, April 26, 2013
The Crude Oil Price Crash Of 2013 / Commodities / Crude Oil
GOLD, OIL AND THE "SURPRISINGLY STRONG" DOLLAR
To this heavyweight trio for deciding investor sentiment in the commodities space, we can add sovereign debt, interest rates and currency valuations, in a cocktail mix that reads badly for oil above $85 per barrel - for Brent.
Exactly like gold, market manipulation to generate a Fool's Bounce and drag in latecomer investors to shred and shear, is heavily evident in the oil market. Now traditional, the short term bounces in commodity prices driven by the Eurozone merry-go-round of ECB rate easing, and the linked but totally irrational strengthening of the euro, are able to be promoted as "realistic" or "fact based".
Read full article... Read full article...
Friday, April 26, 2013
Gold’s Flash Crash: BUBBLEOMIX Analysis / Commodities / Gold and Silver 2013
There was a letter in the local rag Tuesday about how a couple in Dubai had tried to buy gold bars (physical) at the spot price then about $1,400; the bullion dealer told them he was out of stock. They suspected he was lying…and they were complaining, “Can’t SOMEONE force the scoundrel to sell?”A friend asked me what I thought. I told him if I had some I wouldn’t sell, but I wouldn’t buy either. He said he had bought at $900 and as far as he was concerned gold is the only “safe haven” so he was not selling.
Read full article... Read full article...
Friday, April 26, 2013
Gold Bullions Investors Best Storage Safe Haven Switzerland or Canada? / Commodities / Gold and Silver 2013
Despite the well-engineered 'bear raid' conducted by some U.S. banks together with some hedge funds -which knocked the gold price back on its heels down to $1,344--the demand for gold from all over the world remains unabated. The fall in the gold price caused the physical buying of gold to surge everywhere and the gold price has begun to recover.
The dilemma facing most gold investors remains.
Read full article... Read full article...
Friday, April 26, 2013
Crude Oil Targets Rally to $93 / Commodities / Crude Oil
Crude Oil Is Looking Impulsive On the Intra-day Basis; Could See $93.00
Oil is forming an impulsive price action from an 87.87 swing low. The reason is recent strong reaction towards the 92.00 figure yesterday - very strong and sharp in a short period of time. That’s the personality of a third wave, so we think that the market is forming a five wave pattern. With that in mind, be aware of more upside, this time towards the 93.00 mark.
Thursday, April 25, 2013
Silver Price and COT Data / Commodities / Gold and Silver 2013
The Commitment of Traders data is published every Friday. It lists the reportable positions of the commercial and non-commercial traders for silver contracts on the COMEX.
STOP! Yes, I know
•The data is manipulated. The same people who brought us LIBOR, flash crashes, high frequency trading, and the most recent gold and silver crash are the people who report the data.