Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Monday, March 04, 2013
Gold Upside "Limited" Despite Comex Repositioning / Commodities / Gold and Silver 2013
THE SPOT gold price dropped to $1575 per ounce Monday morning in London, broadly in line with where it ended last week, while stocks ticked lower and the Euro held steady near two-month lows against the Dollar ahead of this Thursday's European Central Bank policy meeting.
"For gold, the trending and momentum indicators are pointing lower," says a note from UBS, "indicating any upside in the near-term must be limited."
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Monday, March 04, 2013
Reasons to Sell Gold and Silver Now / Commodities / Gold and Silver 2013
Sell or hedge a portion of your physical. Sell all mining stock asap.
Gold may dive below $1200 and silver below $21 ($1400 is very likely), due
to fact that USA $1.2 trillion fiscal cuts are going to occur. Obama wants
to use this to make the public hate the Republicans, so he can get a
majority in Congress at the mid-term elections, so then he can run the
country like a dictatorship his last 2 years.
Monday, March 04, 2013
A detailed look at Bank of England Gold / Commodities / Gold and Silver 2013
The London Bullion Market is the global trading centre for physical gold, and the Bank of England holds gold on behalf of other central banks. There are a number of historical reasons the Bank has this privileged role, but the most important are that the Bank is trusted, and it oversees the largest bullion market by far. Therefore a significant portion of the world’s monetary gold should be stored at the Bank of England.
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Sunday, March 03, 2013
Gold Set for Next Major Uptrend to Break to New All Time Highs / Commodities / Gold and Silver 2013
COTs, sentiment and public opinion and a raft of technical indicators are all at low extremes that continue to indicate that gold is marking out a major low here and set to reverse to the upside before long. So you can safely ignore all the fair weather pundits who are coming out of the woodwork to proclaim gold's bullmarket dead, and also the plethora of bearish articles appearing in the mainstream media at Big Money's behest in order to squeeze the last drop of blood out of the little guy before the next big rally starts.
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Sunday, March 03, 2013
Silver Believed to Have Bottomed Ahead of Major Uptrend / Commodities / Gold and Silver 2013
The big story with silver is that the Commercials are continuing to unwind their earlier massive short position at a very rapid rate, and of course booking massive profits in the process. We had pointed out in the last update that until their short positions eased further, silver was likely to back and fill and that's what happened last week, as after a 4-day rally into Tuesday, silver dropped back for the rest of the week to make a new intraday low on Friday.
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Sunday, March 03, 2013
Why Gazprom Will Bite The Bullet - Soon / Commodities / Natural Gas
WHEELS WITHIN WHEELS
One of the most classic-possible rent situations exists in Europe, with its overpriced energy markets. Sometimes the rent is only created inside the bloc, and consumed there by its owners - the corporate, bankster State price fixing fraternity. But in other cases like oil and especially gas, the rent is shared with foreign partners of the elite crowd: for gas price gouging, this is now unsustainable.
Saturday, March 02, 2013
HUI Gold Bull Market Elephant in the Room! / Commodities / Gold and Silver Stocks 2013
The Elephant in the room that nobody see’s. The monthly charts shows the price actions closing for the month of February below the neckline.
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Saturday, March 02, 2013
Silver Prices and the Mortgage Market — A Tale of Two Interventions / Commodities / Gold and Silver 2013
A comparison of two types of intervention has become interesting with respect to silver. First of all, Central Planning support of the mortgage and housing markets has already reached the supernova stage.
There seems nowhere left to go, as real interest rates are already negative. Furthermore, over 90 percent of the mortgage market is now backed by Federal agencies.
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Saturday, March 02, 2013
Hope is Fear Gone Bad for Paper Silver Shorts / Commodities / Gold and Silver 2013
The price pattern in silver and gold remains intact. It shows that each time these precious metals are pushed below a key technical moving average, new buyers come into the market.
Most are weak hands, speculators or amateur traders who have fallen in love with the idea of a futures contract, although the original longs have still refused to trade their valuable metal for intrinsically worthless paper dollars.
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Friday, March 01, 2013
The Importance of Silver Price Breakdown / Commodities / Gold and Silver 2013
Investors sentiment for precious metals and gold and silver mining stocks has deteriorated quite substantially recently. And silver is no exception here, which can be seen on the white metal charts. However, the situation in the whole sector is extreme – the oversold readings on many technical indicators and the fact that very important support lines are currently in play in virtually any asset in the sector form a setup as (or even more) encouraging for potential buyers as what we saw in 2008. To see what we can expect on the silver market, let us move into today’s technical part – we will start with the white metal’s very long-term chart (charts courtesy by http://stockcharts.com.)
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Friday, March 01, 2013
Gold Bullion and Miners' Race to the Bottom / Commodities / Gold and Silver 2013
Since equities had reached bottom in June 2012, major indices have rallied 21% to today, compared to -1% for gold bullion and -20% for the Gold Bugs index - An index of the 16 most popular gold mining companies.
The Gold Bugs index has fallen 31% from its September high, while the yellow metal dropped 13% from its October high. A similar 2.5-1 disparity in GoldBugs-Bullion Sell-off was seen during the 2008 crisis, when bullion fell 33% from its 2008 peak to its 2008 trough, while Gold Bugs fell 71% during the same period.
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Friday, March 01, 2013
Gold Down In February As Weak Hands Sell On Poor Sentiment; Whilst Smart Adds / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,570.00, EUR 1,203.99 and GBP 1,043.74 per ounce.
Yesterday’s AM fix was USD 1,591.00, EUR 1,213.39 and GBP 1,049.20 per ounce.
Gold fell $16.70 or 1.05% yesterday in New York and closed at $1,580.40/oz. Silver slid to a low of $28.40 and finished with a loss of 1.66%.
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Friday, March 01, 2013
Too Early to Proclaim Gold Bull Market Over / Commodities / Gold and Silver 2013
SPOT MARKET gold bullion fell to one-week lows below $1570 per ounce Friday morning, on course for a third straight weekly loss, having ended February down 5.9% as gold exchange traded funds saw their biggest calendar month bullion outflows on record.
"ETFs will probably contribute negatively to investment demand for the first time in eight quarters," says today's Commerzbank commodities note.
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Friday, March 01, 2013
Will We See Consolidation in Gold Stocks Mining Industry? / Commodities / Gold and Silver Stocks 2013
As the gold mining sector plunges to the end of a cyclical bear market, one wonders if this ongoing selling climax will precipitate a catalyst for more mergers and acquisitions in the industry. The last 12 years tells us that these transactions tend to follow the market itself but with a lag. Peaks in M&A activity (in global mining) in terms of number of transactions and value occurred in 2006-2007 and 2010-2011 while troughs occurred in 2002 and 2008-2009. According to Ernst & Young, 2012 had the lowest number of global mining deals since 2008 and the lowest in terms of value since 2009. On a smaller microeconomic level, the current depths of the junior mining industry and low share prices across the board should provide a catalyst for more deal flow. Going forward I believe we will see industry consolidation but in two separate different phases which will produce different winners.
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Friday, March 01, 2013
Gold Teetering on the Brink, The Bubble of Fear Pops! / Commodities / Gold and Silver 2013
I posted something about gold early last September when the price was $1,750; the message was “Be Wary”. http://seekingalpha.com/article/854061-oil-and-gold-still-joined-at-the-hip-be-waryAs expected I got some deliciously abusive comments thrown like rotten-eggs; from behind the safe anonymity of pen-names; my favorite this time was:
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Friday, March 01, 2013
Gold Investors Checking the Exits in the Roach Motel / Commodities / Gold and Silver 2013
What is liquidity, and why does it matter...?
Gold investors were selling this month. Some have found it easy, getting top price albeit in a falling market.
But others will have hit problems, struggling to find enough potential buyers to do anything besides take what they could get.
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Thursday, February 28, 2013
How to Profit from High Gasoline Prices / Commodities / Gas - Petrol
David Fessler writes: If you live in a major city, there’s a good chance you rely on some form of public transportation to get around. The rest of us, however, are stuck visiting the gas pumps.
Since the beginning of 2013, it’s been anything but a happy New Year, at least as far as gasoline prices are concerned. Since January 1st, the average price for a gallon of regular gas is up about 45 cents.
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Thursday, February 28, 2013
Volatility In Silver and GDX / Commodities / Gold and Silver 2013
I recently wrote an article describing the daily volatility in gold and concluded that:
- Even in powerful bull markets, the gold price will probably go down about 40% of time, based on daily prices, and 30% based on weekly prices.
- The “bull” will do everything it can to buck you off and force you out of the market.
- Bull markets never make it easy. By the time it looks easy (say early 2000 in the NASDAQ), it is too late to buy and it is time to exit.
Thursday, February 28, 2013
"Patience Thin" for Gold Investors on Worst Price-Drop in 9 Months, ETF Liquidation / Commodities / Gold and Silver 2013
The PRICE of gold slipped again below $1600 per ounce on Thursday – a level first reached on the way up in July 2011 – to head for its worst one-month drop since May as world stock markets rose.
Broad commodity markets were little changed, while silver bullion crept back above $29 per ounce.
Down 4.5% in Dollar terms since the end of January at $1590 per ounce, gold for Euro investors was headed for a 1.8% monthly drop at €1212.50.
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Thursday, February 28, 2013
Five Commodity ETFs to Invest in Right Now / Commodities / Commodities Trading
Tony Daltorio writes: One of things all investors should know for 2013 is how to invest in commodities, as the prices of many of these products head for huge gains.
One of the reasons they will soar is because institutional investors have quickly abandoned them in the current risk on/risk off investment climate. There is right now roughly $424 billion invested in commodities, but that is a mere fraction of 1% of all global investment assets.
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