Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, January 18, 2013
Gold Demand: East vs. West / Commodities / Gold and Silver 2013
Gold, as defined by the SPDR Gold Trust (GLD), has been a less than stellar performer of late. I’ve long maintained that the 150-day moving average is a psychologically significant benchmark for the gold ETF, both as a line of support and resistance. GLD’s performance in recent weeks has only confirmed this observation.Read full article... Read full article...
Friday, January 18, 2013
Technical Trading Charts for Dollar, Stocks, Gold, Oil and Bonds - 18th Jan / Commodities / Commodities Trading
January 18th, 2013 at 9:41 am Dollar index 4 hour chart is forming a bear flag. Until the lower blue support line is broken the flag will continue higher.
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Friday, January 18, 2013
The Character of the Gold Mining Sector is Changing / Commodities / Gold and Silver Stocks 2013
The big news for Thursday is that gold formed a weekly swing. Considering that the QE4 manipulation stretched the intermediate cycle way beyond its normal timing band, this weekly swing should confirm that the yearly cycle low is complete.
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Friday, January 18, 2013
Will Platinum Outperform Gold? / Commodities / Platinum
Platinum and gold have been playing a game of tag, and this week, platinum took the lead again regaining its rightful position up front, but for how long?
Looking back at history, platinum has been the front runner with an average $200 to $400 premium to gold. At times the difference was much greater. Before the 2008 Lehman Brothers crash, platinum was trading at more than $2,270 per ounce while gold was trading under $990 an ounce. The prices as of close of this week's issue were $1,686.50 for gold and $1,694.30 for platinum.
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Friday, January 18, 2013
Gold and Silver Touch 1-Month Highs / Commodities / Gold and Silver 2013
SPOT MARKET gold prices hovered around $1690 an ounce Friday morning in London, having touched a one-month high in earlier Asian trading, while European stock markets opened slightly higher after gains in Asia, following the release of the latest economic growth figures from China.
"[Gold] support is at $1625, the January 4 low," say technical analysts at bullion bank Scotia Mocatta.
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Friday, January 18, 2013
Gold Will Prove A Safe Haven From Currency Storms / Commodities / Gold and Silver 2013
Today’s AM fix was U.S.D 1,690.00, EUR 1,265.82, and 1,060.49 GBP per ounce.
Yesterday’s AM fix was U.S.D 1,683.25, EUR 1,260.11 and GBP 1,050.85 per ounce.
Silver is trading at $31.79/oz, €23.91/oz and £20.04/oz. Platinum is trading at $1,695.25/oz, palladium at $723.00/oz and rhodium at $1,150/oz.
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Friday, January 18, 2013
Gold Price January Effect, Forecast 2013 / Commodities / Gold and Silver 2013
In this essay we will present the expectation for the price of gold to rise during January and February, based on seasonal trends. Charts are courtesy Stockcharts.com unless indicated.The energy for a rise in gold prices comes from at least four different sources.
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Friday, January 18, 2013
Gold The Single Best Investment of 2013? / Commodities / Gold and Silver 2013
The amount of bearish sentiment towards gold prices these days on the part of investors is not surprising to me. Investors often work in herds, moving to “hot” sectors from “weak” sectors very quickly. But, as I have said all along, the “gold play” is a long-term one, not a speculative one.
Economics 101: if demand for an asset or item increases, prices rise. If supply of an asset or item increases above demand, prices fall.
Friday, January 18, 2013
Gold Price Setting Up for a Massive Breakout in 2H 2013 / Commodities / Gold and Silver 2013
This piece expounds upon what we covered last week. In that piece, regarding Gold, we concluded:
If Gold is able to firm up here and now then it has a good shot to rally back to $1750-$1800 over the next few months. If we get the bullish scenario and a fundamental catalyst shift then expect Gold to break past $1800 in Q3. That would mean that Gold consolidated for two years which would be its longest consolidation on record. The longer the consolidation, the more explosive the breakout.
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Friday, January 18, 2013
How Green Are Gold's Blue-Chip Mining Stocks / Commodities / Gold and Silver Stocks 2013
Andreay Dashkov writes: Disenchanted with gold's lackadaisical performance over the last year, some investors are losing interest in the equities that are supposed to provide leverage to the metal's price movements. The press has added fuel to the fire by increasingly attacking gold-mining CEOs for rising production costs and weak stock prices. This has driven some investors to pursue ETFs or other vehicles as a replacement for gold stocks, while others have simply thrown their hands up and left the precious-metals space. Is this overreaction or rational decision-making?
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Friday, January 18, 2013
Hugo Chavez: Dictator vs. Gold Investors / Commodities / Gold and Silver Stocks 2013
What’s really happening in Venezuela with gold properties?
Is Chavez, alive or dead? Will he return? How will these answers affect the gold properties in Venezuela?
From our friends at ResourceInvestingNews.com they reported in a January 7, 2013 article:
“Chavez seized 988 companies between 2002 and August 2011, according to a report from Conindustria, a Venezuelan industry chamber. He also nationalized the country’s gold mines in September 2011. At the time, the biggest foreign miner operating in Venezuela was Rusoro Mining (TSXV:RML), which had two producing mines in the country, along with 10 exploration properties. The seizure sent Rusoro’s stock tumbling 16.7 percent on the day the announcement was made, according to Mining.com.
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Thursday, January 17, 2013
German Gold Panic, What Do German Central Bankers Know That We Don’t? / Commodities / Gold and Silver 2013
Ben Bernanke and the rest of the US Federal Reserve bet the farm that they could engage in countless monetary interventions, keep interest rates at zero, and print over $2 trillion in new money without damaging the US’s credibility.
They were wrong. Indeed, Germany just fired a major warning shot to the US Federal Reserve.
On Monday, Germany announced that it will be moving a significant portion of its Gold reserves out of storage with the New York Fed and moving them back to Germany.
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Thursday, January 17, 2013
Germany Is Bringing It's Gold Back Home, You Should Too! / Commodities / Gold and Silver 2013
Dr. Steve Sjuggerud writes: Germany wants its gold back...
The European nation wants to bring home 300 tons of gold currently held at the U.S. Federal Reserve and all 374 tons held at the Banque de France.
Why does Germany want all of its gold OUT of France? Legendary investor Bill Gross has a thought about that... On Twitter, he asked, could it be that "central banks don't trust each other"?
Thursday, January 17, 2013
German Gold Story Distracts from Supply & Demand Data, $1900 Forecast by July / Commodities / Gold and Silver 2013
DOLLAR gold prices were little changed in London on Thursday morning, holding above $1682 per ounce as world stock markets, commodities and bonds were little changed.
Silver also held in its tight 2-day range, trading just shy of $31.50 per ounce.
Priced in Euros, the gold price edged 0.5% lower as the single currency rose.
Thursday, January 17, 2013
Gold, Silver, and Real Assets to Shelter from The Coming Storm / Commodities / Commodities Trading
What Storm?
- A hurricane of digital money created by central banks to purchase government debt and other dodgy assets from banks.
- A tidal wave of deficit spending by governments around the world. It continues, regardless of whether you call it business as usual, stimulus, payoffs, or bailouts.
- A perfect storm of derivatives – the weapons of mass financial destruction that continue to plague our financial system – but make $Billions (Maybe $Trillions) in profits for the huge banks.
- A tornado of bailouts, giveaways, loans, and currency swaps from the Federal Reserve to backstop banks, politically connected individuals and corporations, European governments and others.
- An approaching thunderstorm of new and higher taxes – perhaps a carbon tax, a VAT, and a wealth tax. We hope most of these will be downgraded to a hot air disturbance.
- A tsunami of Japanese Yen based on the election of Prime Minister Abe and his avowed intention to weaken the Yen
Thursday, January 17, 2013
Germany's Gold Repatriation Unlikely To Assuage Public Concerns / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,683.25, EUR 1,260.11, and GBP 1,050.85 per ounce.
Yesterday’s AM fix was USD 1,679.75, EUR 1,262.78 and GBP 1,047.55 per ounce.
Silver is trading at $31.53/oz, €23.68/oz and £19.75/oz. Platinum is trading at $1,687.50/oz, palladium at $725.00/oz and rhodium at $1,125/oz.
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Wednesday, January 16, 2013
Bundesbank Repatriates Gold From Federal Reserve and France Ahead of Systemic Crisis / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,679.75, EUR 1,262.78 and GBP 1,047.55 per ounce.
Yesterday’s AM fix was USD 1,681.00, EUR 1,257.67 and GBP 1,045.92 per ounce.
Silver is trading at $31.17/oz, €23.59/oz and £19.78/oz.
Platinum is trading at $1,671.50/oz, palladium at $706.00/oz and rhodium at $1,125/oz.
Wednesday, January 16, 2013
Gold Cycle "Could Turn This Year" Says Goldman Sachs / Commodities / Gold and Silver 2013
THE DOLLAR gold price eased back below $1680 an ounce Wednesday morning, though it remained well within its trading range for the past month, while stock markets extended their losses for this week and US Treasuries gained.
Silver hovered around $31.30 an ounce for most of this morning, also in line with its recent trading range, while other commodities were similarly flat.
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Wednesday, January 16, 2013
Platinum Overtakes Gold at Last / Commodities / Platinum
Platinum just rose above the gold price for the 1st time in 10 months...
And so, as if to mark the end of the Trillion-Dollar Coin nonsense, platinum just did something it hasn't managed in nearly a year.
Its price rose above the price of gold Tuesday morning for the first time since mid-March 2012.
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Tuesday, January 15, 2013
What Will Gold Do in 2013 / Commodities / Gold and Silver 2013
As we turn the calendar over, there are probably two dominant questions on the minds of most precious-metals investors: Will gold and silver have a better year than the last two? And will gold stocks finally break out of their funk?
2012 was an interesting year for our favorite metal. On one hand, gold was up only single-digit percentages for the second consecutive year: 8.3%, after rising just 9.1% in 2011. It was also outperformed by the S&P 500 Index, though this was the first time since 2004 and only the third since 1999. On the other hand, the price has now risen 12 consecutive years, overshadowing most other bull markets in modern history.
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