Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Sunday, November 05, 2017
Gold Speculators Refuse To Give Up; Another Drop Likely / Commodities / Gold and Silver 2017
Normally winter is a good time for gold, with men buying their significant others jewelry for Christmas and lots of New Years Day marriage proposals. Here’s an overview of the dynamic from Adam Hamilton of Zeal Intelligence:
Read full article... Read full article...Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year. While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals. We humans are creatures of habit and herd, which naturally colors our trading decisions. The calendar year’s passage affects the timing and intensity of buying and selling.
Saturday, November 04, 2017
Analyzing the Mainstream Analysts: Are Silver SLV ETF Holdings Really Plummeting? / Commodities / Gold and Silver 2017
Jeff Clark : It was a headline designed for shock value. The title screamed, Investors Dumping SLV at Fastest Pace in 6 Years!
The headline came from Bloomberg, the epitome of “mainstream” news in my opinion. The article reported that investors were “dumping” holdings in SLV, the largest silver exchange-traded fund. They claimed the silver market had been “hit by a gale force, spurring an exit from ETFs backed by the metal.”
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Friday, November 03, 2017
Gold Stocks Winter Rally / Commodities / Gold and Silver Stocks 2017
The gold miners’ stocks have largely ground sideways this year, consolidating their massive 2016 gains. That lackluster trading action, along with vexing underperformance relative to gold, has left gold stocks deeply out of favor. But these uninspiring technicals and resulting bearish sentiment should soon shift. The gold stocks are just now entering their strongest seasonal rally of the year, the super-bullish winter rally.
Gold-stock performance is highly seasonal, which certainly sounds odd. The gold miners produce and sell their metal at relatively-constant rates year-round, so the temporal journey through calendar months should be irrelevant. Based on these miners’ revenues, there’s little reason investors should favor them more at certain times of the year than others. Yet history proves that’s exactly what happens in this sector.
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Friday, November 03, 2017
Gold Price Reacts as Central Banks Start Major Change / Commodities / Gold and Silver 2017
– Bank of England raised interest rates for the first time in ten years
– President Trump announces Jerome Powell as his choice to lead the U.S. Federal Reserve
– Most investors outside the US Dollar and Euro see gold prices climb after busy week of central bank news
– Inflation now at five-year high of 3%
– Inflation, low-interest rate, debt crises and bail-ins still threaten savers and pensioners
Friday, November 03, 2017
We Have A Bifurcated Precious Metals Market / Commodities / Gold and Silver 2017
First published on Sunday Oct 29 for members of ElliottWaveTrader.net: There is no doubt that the action we have experienced in the metals complex in 2017 has been exceptionally frustrating, especially as the market presented us with several break out set ups that did not follow through. And, when a larger bullish structure presents you with break out set ups, probabilities suggest you have to favor those set ups, as I did in 2017.
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Friday, November 03, 2017
Analyzing the Mainstream Analysts: Are Silver SLV Holdings Really Plummeting? / Commodities / Gold and Silver 2017
Jeff Clark : It was a headline designed for shock value. The title screamed, Investors Dumping SLV at Fastest Pace in 6 Years!
The headline came from Bloomberg, the epitome of “mainstream” news in my opinion. The article reported that investors were “dumping” holdings in SLV, the largest silver exchange-traded fund. They claimed the silver market had been “hit by a gale force, spurring an exit from ETFs backed by the metal.”
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Thursday, November 02, 2017
Invest In Gold To Defend Against Bail-ins / Commodities / Gold and Silver 2017
– Italy’s Veneto banking meltdown destroyed 200,000 savers and 40,000 businesses
– EU bail-in rules have wiped out billions for savers and and businesses, with more at risk
– Bail-ins are not unique to Italy, all Western savers are at risk of seeing savings disappear
– Counterparty-free, physical gold bullion is best defence against bail-ins
Thursday, November 02, 2017
The Next Chair of the Fed and Gold / Commodities / Gold and Silver 2017
Janet Yellen’s term as Federal Reserve chair ends on February 3rd. President Trump is expected to announce the new Federal Reserve Chair very soon, perhaps even this week. He said that we’ll get to know his choice before a tour in Asia in early November. Since that has not taken place so far, we would like to prepare you for the outcomes of Trump’s possible decisions. Moreover, we will analyze which candidate would be the best for the gold market.
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Wednesday, November 01, 2017
Stumbling UK Economy Shows Importance of Gold / Commodities / Gold and Silver 2017
– UK economy outlook bleak amid Brexit, debt woes and rising inflation
– Confidence in UK housing market at five-year low
– UK high street sales crash at fastest rate since 2009
– Number registering as insolvent in England and Wales hit a five-year high in Q3
– UK public finance hole of almost £20bn in the public finances set to grow to £36bn by 2021-22
– Protect your savings with gold in the face of increased financial woes in UK
This week markets will be watching the UK with baited breath as the Monetary Policy Committee meets this Thursday to discuss a potential rate rise.
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Wednesday, November 01, 2017
How to Start Trading on Gold Commodity / Commodities / Gold and Silver 2017
Commodities and commodity trading have always been favorite instruments for many global investment managers. Automatically, the capital turnover that occurs in the commodity market is quite competitive. Commodities can be defined as goods that are physically substantial, such as agricultural and mining products. On the commodities, investors or traders can make a purchase or sale either through the futures market or a spot market. The commodity instrument is one of the few investment instruments in which participants with small capital can possibly earn decent profits in a relatively short period of time. CFDs on commodities are also popular, though finding a “place to trade” is something important, and capital.com is one of thereliabletrading platforms.Read full article... Read full article...
Tuesday, October 31, 2017
When Will Rising Yields Benefit Gold? / Commodities / Gold and Silver 2017
Over the past two years, Gold has been inversely correlated to bond yields. In a low inflation environment, falling bond yields drive real interest rates lower which benefits Gold. Conversely, rising yields are generally negative for Gold. When long-term yields exploded higher in the second half of 2016, Gold declined hard. Now with long-term yields threatening a potential major move higher, Gold and gold stocks have sold off and there is a risk of further losses. However, at somepoint rising yields can push Gold higher.
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Tuesday, October 31, 2017
All the Reasons Cryptocurrencies Will Never Replace Gold as Your Financial Hedge / Commodities / Gold and Silver 2017
Olivier Garret : The cryptocurrency craze continues.
Having seen the astounding rise in Bitcoin’s value, those who remained on the sidelines are now kicking themselves for not buying it when it was first released. Surely, they’d be millionaires by now.
But is the meteoric rise of Bitcoin and other cryptocurrencies really an indication of true value?
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Tuesday, October 31, 2017
Gold Price Moved In Price Channel On 4-hour Chart / Commodities / Gold and Silver 2017
XAUUSD moved within a bearish price channel on its 4-hour chart, indicating that the price remains in the downtrend from 1305.98. Near term resistance is at the top of the channel now at around 1278.50. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 1260.55. A breakdown below this level could trigger further decline to 1250 area.
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Sunday, October 29, 2017
Uranium URA Intermediate Cycle Update / Commodities / Uranium
Friday sure looked like a capitulation day for the Uranium sector and possibly a cycle low is forming but is it just a Trading Cycle Low (TCL/DCL) or perhaps also an Intermediate or Yearly Cycle Low (ICL/YCL) or as well? First, you may wish to review my last update on the sector.
https://surfcity.co/2017/09/21/uranium-ura-energy-cycle/
Six charts below on URA, CCJ and NXE each with two charts. The first for each is a 3 year Weekly showing Intermediate and Yearly Cycle Lows (ICLs & YCLs). These charts make a somewhat compelling case that Friday’s low may well be a longer ICL/YCL but we may also see an undercut low.
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Friday, October 27, 2017
China’s Importance in the Gold Market / Commodities / Gold and Silver 2017
China has been accumulating a lot of bullion over the past decade. It is also the largest producer of gold in the world and – along with India – one of the biggest consumers of the yellow metal. According to the World Gold Council’s data on the second quarter of 2017, China accounts for about 28.6 percent of the jewelry demand, and for about 26 percent of total bar and coin demand. And China – with its almost 1843 tons of gold – owns the fifth largest gold reserves in the world.
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Friday, October 27, 2017
Russia Buys 34 Tonnes Of Gold In September / Commodities / Gold and Silver 2017
– Russia adds 1.1 million ounces to reserves in ongoing diversification from USD
– 34 ton addition brings Russia’s Central Bank holdings to 1,779t; 6th highest
– Russia’s gold reserves are at highest point in Putin’s 17-year reign
– Russia’s central bank will buy gold for its reserves on the Moscow Exchange
– Russia recognises gold’s role as independent currency and safe haven
Friday, October 27, 2017
Bullish Opportunity in Crude Oil - Watch Out! / Commodities / Crude Oil
My Bias: topping in a large correction wave [4].
Wave Structure: Double combination higher in wave [4] red.
Long term wave count: wave [4] target $70
Thursday, October 26, 2017
Eurozone Crisis Is Back, Gold Will Be Safe Haven Again In Looming EU Crisis / Commodities / Gold and Silver 2017
– Gold will be safe haven again in looming EU crisis
– EU crisis is no longer just about debt but about political discontent
– EU officials refuse to acknowledge changing face of politics across the union
– Catalonia shows measures governments will use to maintain control
– EU currently holds control over banks accounts and ability to use cash
– Protect your savings with gold in the face of increased financial threat from EU
Thursday, October 26, 2017
XME Miners/Metals ETF Pushing Towards Significant Breakout / Commodities / Metals & Mining
The SPDR S&P Metals and Mining ETF (XME) could be on the verge of a surprising, very powerful upside breakout after completing a 6-month corrective accumulation period.
After Trump was elected last November, the XME climbed from just under 25 to a February 2017 high at 35.21, or a whopping 41%, in anticipation of the enactment of the Trump agenda, concurrent with lower taxes, stronger economic growth, and upward pressure on inflation.
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Wednesday, October 25, 2017
Is Clark Kent Transforming into Superman? The Buildup in Gold Trading Volumes / Commodities / Gold and Silver 2017
It was one of the coolest scenes in the Adventures of Superman show: Clark Kent ripping back his business suit to reveal the Superman outfit underneath while he sprints to save the day. Probably millions of people have seen that transformation.
Well, a similar transformation may be underway with gold, one that shows this market may be ready to fly…
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