Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Sunday, February 24, 2013
Silver Back in Buying Territory Ahead of Powerful Uptrend / Commodities / Gold and Silver 2013
Even though the technical indications for silver are not as strongly bullish as those for gold, they are now sufficiently positive that silver is likely to take off higher before much longer, encouraged by the strength that we should soon see reappear in gold. Of course, it will probably take some weeks for sentiment to recover sufficiently to drive a significant rally after the latest sharp drop, so we may see some backing and filling before a sustainable uptrend can get going, but that is normal.
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Sunday, February 24, 2013
Copper – Huge Sell-Off. Who Is Doing The Buying? / Commodities / Copper
Market activity rules! It is the basis for understanding the motivation for all moves, up or down. If you want to know what smart money [controlling influences] is doing, watch when volume activity picks up, especially at highs and lows for that is when a transfer of risk from weak into strong hands occurs.
You do not have to pay attention to news, what others are saying about the market. You get far more accurate, and current information on where the market is headed by reading what the market is saying about others. This comes in the form of price/volume behavior. Smart money is very deft at hiding their hand. They move much larger positions, so it is during high volume activity when one can best determine when they are active, and what they may be doing.
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Sunday, February 24, 2013
Gold And Silver - Market Says Decline Not Over. Silver More Pivotal Than Gold / Commodities / Gold and Silver 2013
Developing market activity is the best and most reliable source for market information. All you have to do is follow what the activity is saying, and you will have the clearest idea of where the market is headed. For the near term, of heightened concern for many, the market says the current decline is far from over. Price may not be far from the low of the decline, but the trend is down, and it takes time to turn a trend around, so do not expect to see a dramatic rise in the price of either gold or silver.
Our downside target of $1600 gold has been exceeded, while the $28 target for silver has not been met, although in horseshoes, it would be a leaner. [See Decline Not Over, 1st and 3rd charts, click on http://bit.ly/WWXFlt]. Next week, who knows?
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Sunday, February 24, 2013
Gold and Silver Enhanced Investor Opportunities Loci / Commodities / Gold and Silver 2013
“Plus ça change, plus c’est la même chose.” French Wisdom Nugget
“Federal Reserve Policymaker’s late last month expressed explicit and detailed squeamishness over their monetary stimulus, which might be scaled back sooner than the Fed’s own guidance suggests, according to Minutes released Wednesday.” (emphasis added) IBD, 02/21/13
All Investment Cognoscenti know that The Fed’s “Communication Policy” is aimed at Financial and Market Ends, not at Truth. (Here, should we rely on The Fed’s earlier expressed “Guidance,” or this week’s “Scaling Back” Hint? They can not both be True.)
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Friday, February 22, 2013
GOLD Price Forecast - Should be Completing a Cyclical Low / Commodities / Gold and Silver 2013
Over the past 5 calendar years we have seen GOLD either complete an intermediate cyclical top or bottom in each February. My forecast was for February of 2013 to be no different and for Gold and Silver to make trough lows this month. With that said, I did not expect the drop in GOLD to go much below $1,620 per ounce at worst, but in fact it has. Where does that leave us now on the technical patterns and crowd behavioral views?
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Friday, February 22, 2013
Silver Price Backwardation, Corrections and Perception Shifts / Commodities / Gold and Silver 2013
The price of silver futures contracts have been regularly flirting with a state of backwardation ever since the 2008 Financial Crisis, which is a sign of a growing physical silver shortage.
A state of backwardation occurs when the front month silver futures contract commands a price premium to the subsequent months’ contracts.
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Friday, February 22, 2013
Gold Capitulation! / Commodities / Gold and Silver 2013
Gold got crushed this week in what can only be described as a capitulation. Cascading selling took on a life of its own as the yellow metal knifed through multiple key support lines. Newsflow exacerbated gold’s free fall, as extreme fear tainted everything with a heavy pall of bearishness. Gold bears were euphoric, coming out in droves to pronounce doom on the metal. But capitulations are actually very bullish events.
Capitulation is one of the ugliest words in the markets, it means surrender. Most of us are taught from a very young age to never give up, never stop striving. So traders are loath to admit they succumbed to a capitulation. Rather than acknowledging they gave into their own fears to sell low at the worst possible time, they try and rationalize their failing. They have to believe the capitulation marks the start of selling.
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Friday, February 22, 2013
How Close is Gold Price to the Final Bottom? / Commodities / Gold and Silver 2013
Gold roller coaster seems to go on and on without an end. But what we have seen this week was more of a bungee jumping. However, at this time there seems to be no more room for further declines, as major support lines have been reached already or are about to be reached. Does this mean that we are close to the final bottom and that a strong rally will emerge soon? Let us jump straight into the technical part of today's essay to find out - we'll start with the yellow metal's long-term chart (charts courtesy by http://stockcharts.com.)
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Friday, February 22, 2013
Gold Price Correction Separating the Men from the Boys / Commodities / Gold and Silver 2013
Is gold bullion becoming the commodity the mainstream media and analysts love to hate?
After all, views of the metal are becoming increasingly bearish. But I believe the most important factor as to why gold bullion is actually attractive at this point is being ignored; gold bullion becomes more valuable as the paper money created by central banks increases in circulation.
Friday, February 22, 2013
Why Would You Ever Want To Own Gold? / Commodities / Gold and Silver 2013
Stocks up another 53 points on the Dow yesterday. Gold down another $5.
The Dow is above its 14,000 peak; gold is below $1,600/oz.
I'll come back to this in a minute. First...
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Friday, February 22, 2013
Now is the Time to Buy Gold and Silver / Commodities / Gold and Silver 2013
Since the end of December we’ve been writing about the coming bottom in precious metals. Our forecast for 2013 was to see a low in Q1 and then continued consolidation until the end of the summer in which Gold could be in good position to break $1800. That forecast remains largely intact, although it appears the mining stocks will bottom quite a bit lower than we thought two months ago and even five months ago. Three weeks ago we noted that a potential final bottom was on the way. After beating around the bush we are ready to say that now is the time to begin buying and we’ll show you why.
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Friday, February 22, 2013
How Strong is Gold Demand? / Commodities / Gold and Silver 2013
Since hitting all-time nominal highs above $1,900 an ounce, the price of gold has declined and essentially traded sideways for over a year. The price action has discouraged some investors, but others are still purchasing the precious metal in record amounts.
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Friday, February 22, 2013
Junior Gold Stocks Flat Lining / Commodities / Gold and Silver Stocks 2013
Juniors are still in flat-line mode (on a good day). A bunch of new resource estimates were not enough to make much difference though in my experience they often don't. There are enough people tracking most stocks that the market tends to have a fair idea of what a resource estimate will look like. Weakening gold and silver prices dampened the impact of even good numbers.
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Friday, February 22, 2013
The Herd is Wrong About Gold, Wrong About Alaska / Commodities / Gold and Silver Stocks 2013
My message lately has been very simple: buy low.
And do it now.
The essential formula for investing, as you know, is to buy low and sell high. So easy to say, so hard to do.
It takes real mettle to be a successful contrarian, and it's precisely because so many investors are so nervous about our market today that it's a buyer's market.
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Friday, February 22, 2013
Gold Sitting at Ledge of Support Cliff / Commodities / Gold and Silver 2013
A Rough Start for 2013
Well Gold hasn`t had a particularly good start to the year, in fact, a good pairs trade would be going long the S&P 500 and short the Gold market for a nice 12% return in two months. But many Gold Investors are not yet ready to throw in the towel for 2013, and some even have targets in the 2000 an ounce area, and think this pullback, although significant, represents an excellent buying opportunity.
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Friday, February 22, 2013
Keep Your Head When Investing In Gold and Silver / Commodities / Gold and Silver 2013
"If you can keep your head when all about you Are losing theirs and blaming it on you...And--you'll be a Man, my son!" ~ If by Rudyard Kipling
Today a news item from the Wall St. Journal crossed my desk entitled, "A Fearful Time For Gold". Then I read another article entitled, "S&P500 In Longest Winning Streak Since 2004." These articles are an indication of what the majority is thinking and may be a contrarian buy alert for my readers.
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Friday, February 22, 2013
GOLD – In Your Self-Interest / Commodities / Gold and Silver 2013
It is in your self-interest to own gold and silver!
This may not have been true from 1982 - 2000, but it definitely is true today and will be true as long as central banks are aggressively monetizing debt ("printing money") and devaluing their currencies.
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Thursday, February 21, 2013
Gold and the Bankster Panic Crash of 2013 / Commodities / Gold and Silver 2013
TRASH ALL MONEYS
Normally this slogan comes from Anarchists or possibly Marxists, and more recently in Europe, since 2008, from Black Bloc groups which have moved on and extended their previous protest range which covered anti-nuclear action, protest against squatter evictions, civil rights protests, even gay marriage protest, either for or against. The Bankster Bloc is now onside and active, in the same quest. Its slogan is the same as the Black Bloc: Trash All Moneys.
Thursday, February 21, 2013
Gold Mining Stocks on the Cusp of a Major Rally / Commodities / Gold and Silver Stocks 2013
Jeff Clark writes: Mining stocks have suffered a rough few months.
Ever since running higher into September last year (a rally that allowed traders to take profits on several gold-stock positions) the mining sector has been trending lower. And the past month has been particularly brutal for the group...
Thursday, February 21, 2013
Gold Bounces Off 7-month Low as Stocks Drop / Commodities / Gold and Silver 2013
The PRICE of GOLD bounced off a fresh 7-month Dollar low on Thursday morning in London, rising after their worst 1-week drop since May 2012 amid what one analyst called "a proper sell-off on the precious metal markets."
Prices for Eurozone gold investors fell to a 16-month low at €1172 per ounce, despite a further 1¢ drop in the single currency to its own 6-week low of $1.3166.
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