Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Tuesday, December 17, 2013

Dead Cat U.S. Dollar Outperforms Gold, Silver and The HUI / Commodities / Gold and Silver 2013

By: Bob_Kirtley

It has been a very hard year for the gold and silver bulls as this tiny sector has been sold off to an alarming extent by investors who are currently disillusioned by the demise of both gold and silver and the knock-on effect that they have had on the precious metals producers. Gold and silver have had a long run of ‘year on year’ gains and so the expectation was that 2013 should be more of the same. Alas, a correction arrived driving the precious metals down and decimating the price of a number of mining companies as the chart below clearly indicates.

Monday, December 16, 2013

Elliott Wave Suggests Bearish Gold Price Towards $1130 / Commodities / Gold and Silver 2013

By: Gregor_Horvat

Gold reversed sharply to the downside at the start of September, through the rising trend line of a corrective channel. As we know that's an important signal for a change in trend, which means that bearish price action is now back in play which is accelerating for the last couple of weeks from 1362 so we think that market is moving down in wave 3 that could reach 1130 region in the next few weeks. From a short-term perspective a break of 1210 opens door for 1180. On the other hand, if 1268 is broken then bearish reversal could be seen from second resistance placed at 1295.

Monday, December 16, 2013

Gold Analysts Split Over Fed's 2014 Impact on Gold Price / Commodities / Gold and Silver 2013

By: Adrian_Ash

The PRICE of gold bounced from a steady drop Monday lunchtime in London, trading back at $1234 per ounce as Asian stockmarkets ended sharply down but Europe ticked up ahead of this week's US Federal Reserve policy decision, due Wednesday.

China's gold premiums above international prices edged lower again, dropping to $6 per ounce at the close of solid trading on the Shanghai Gold Exchange.

Sunday, December 15, 2013

Gold, Frankincense and Myrrh / Commodities / Gold and Silver 2013

By: Investment_U

Sean Brodrick writes: Christmas is a season for many things… and it’s also a time for commodities. No, I don’t mean the jewelry you’ll inevitably buy your sweetheart. I’m talking the old-time commodities: gold, frankincense and myrrh.

Those were the gifts of the Magi to baby Jesus. In one form or another, these commodities or their replacements are still highly sought-after more than 2,000 years later.

Sunday, December 15, 2013

Debunking The 6 Key Myths About Gold / Commodities / Gold and Silver 2013

By: GoldCore

Here is how we respond to the myths of gold as propagated by some father-in-laws, some financial advisers and all Paul Krugmans.

Myth 1: Gold “Is A Barbaric Relic”
In fact, John Maynard Keynes never said gold was a “barbaric relic”. Actually, Keynes said that the gold standard monetary system was a barbaric relic.

Saturday, December 14, 2013

JP Morgan House Account Reveals Gold Selling then Buying Pattern for 2013 / Commodities / Gold and Silver 2013

By: Jesse

Here is a chart that I was able to construct from CME data that shows JP Morgan's Comex Gold Delivery activity for their 'house account' only.

I have marked the nominal price of gold on the chart for this year. The last data is as of December 10, 2013.

The months marked with boxes are 'active months' for the delivery process. December is also an active month.

Saturday, December 14, 2013

Silver Rigged Market Manipulation Coming To An End / Commodities / Gold and Silver 2013

By: Michael_Noonan

No one can question the fact that the demand for silver has grown exponentially in the past few years, record sales for American Eagle coins being one small example, record buying in India, another larger example. Demand has never been greater. Supply, on the other hand, keeps diminishing.

Global mining production is at its lowest in the past decade. The annual Consumption/ Production ratio is indicative of acute deficits. Whenever there is a situation where demand rises sharply, while supply commensurately declines, it is a recipe for higher prices, and usually, much higher prices. This is true, unless one is talking about the silver market. Under the conditions of record rising demand and considerably less supply, the price of silver is at its lowest levels in the past three years.

Saturday, December 14, 2013

Gold Price Drop Due to Market Manipulation or Lack of Demand? / Commodities / Gold and Silver 2014

By: The_Gold_Report

What is holding down the gold price? Fear of the end of quantitative easing? Manipulation by a few big players? Central banks leasing inventories? CPM Group Managing Partner Jeffrey M. Christian says forget about all of that. The bottom line is that demand is down as investors big and small wait to see where the price will settle before they start buying again. In this interview with The Gold Report, he explains the impact of new gold investors buying—and selling—ETFs, hedge funds, algo traders and central banks—all factors that could lead to an upward trend in gold equities in 2014 and reinforce the long-term case for owning gold.

Friday, December 13, 2013

Contrarian Gold Stocks Investing / Commodities / Gold and Silver Stocks 2013

By: Zeal_LLC

The gold-mining stocks have suffered a disastrous year, plummeting while the rest of the stock markets soared.  This vast performance gap has catapulted bearishness on this sector to epic extremes.  Few own gold stocks anymore, and everyone aware of them loathes them.  This has crushed their stock prices to unsustainable fundamentally-absurd levels.  They now offer the ultimate contrarian buying opportunity.

Friday, December 13, 2013

Signs of Gold's Upcoming Price Decline / Commodities / Gold and Silver 2013

By: P_Radomski_CFA

This week was full of action for precious metals investors and traders. Gold, mining stocks, and (especially) silver rallied in the first days of the week only to disappoint on Wednesday and Thursday. No wonder; the rally didn't have "strong legs" as gold's strength was meager compared to that seen in the euro - another USD alternative.

In today's essay we will provide you with 3 gold-related charts (courtesy of http://stockcharts.com), each will tell a different story about gold's performance, but ultimately, they will all point in the same direction - the direction of another move lower in the price of gold.

Friday, December 13, 2013

GOLD Bear Market Ending in December / Commodities / Gold and Silver 2013

By: David_Banister

Our Last major Elliott Wave Analysis of Gold came in early September when Gold had touched the 1434 area, and in that analysis we called for a re-test of 1271-1285 levels.  This was based on our Elliott Wave Analysis of the patterns involved since the 1923 spot highs in the fall of 2011.  Our clients of course were updated on a regular basis since that public analysis and we have been looking for clues to a bottom in this Gold bear cycle from the 2011 highs.

Friday, December 13, 2013

Critical Week Ahead for Gold Bugs as Bear Market Continues / Commodities / Gold and Silver 2013

By: Adrian_Ash

LONDON gold in Dollars terms traded flat for the week Friday morning, holding around $1230 per ounceafter what one analyst calls "a tumultuous few days."

Stockmarkets ticked higher but London's FTSE100 headed for a 1.5% drop on the week.

Silver also erased the last of its mid-week gains, which reached 5.0% yesterday morning, to trade back at $19.55 per ounce.

Friday, December 13, 2013

Gold Price Could Retest 1180 June Low / Commodities / Gold and Silver 2013

By: Gregor_Horvat

Gold reversed sharply to the downside at the start of September, through the rising trend line of a corrective channel. As we know that's an important signal for a change in trend, which means that bearish price action is now back in view that could accelerate to the downside soon if we consider recent break of 1251 swing low that confirms a completed wave 2 and wave 3 underway to the lows.

Friday, December 13, 2013

China and the Great Precious Metals Migration / Commodities / Gold and Silver 2013

By: Dr_Jeff_Lewis

The desire of gold is not for gold. It is for the means of freedom and benefit. ~ Ralph Waldo Emerson

The century-old fiat experiment is playing out its final stages. With instability rising, the massive shift in wealth is accelerating to the East. Precious metals are one vehicle leading the way.

Friday, December 13, 2013

Gold Opportunity Today Same as It Was for Stocks in 2009 / Commodities / Gold and Silver 2013

By: Profit_Confidential

Michael Lombardi writes: I turned bullish on gold bullion in 2002. At that point, gold bullion was trading around $300.00 an ounce. Now, it trades above $1,250. Simple math suggests this is an increase of about 260% in 11 years, or an average gain of about 23.6% a year.

Other asset classes, like stocks, haven’t performed this well. In 2002, the Dow Jones Industrial Average was trading near 10,000. Now, it hovers close to 16,000, up 60%, or an average of 5.45% per year, over the last 11 years.

Friday, December 13, 2013

Gold The “For Sale” Sign / Commodities / Gold and Silver 2013

By: DailyGainsLetter

Sasha Cekerevac writes: Do you feel wealthier today compared to last year?

According to the Federal Reserve, you should, as the household net worth of Americans rose 2.5% between the second and third quarters of 2013 for a total of $77.3 trillion. (Source: “Financial Accounts of the United States,” Federal Reserve, December 9, 2013.)

Friday, December 13, 2013

Has Shale Oil Broken OPEC's Grip? Oil Stocks Powerhouses of the Future / Commodities / Shale Oil and Gas

By: The_Energy_Report

The Shale Age is the age of the nimble junior, and exploration has revealed oil and gas resources that could forever alter the global production profile. Peter Dupont, oil and gas analyst for Edison Investment Research, tells The Energy Report how companies in North and South America, Australia, Africa and the U.K. are upending the oil and gas order and creating a whole new energy investment landscape.

The Energy Report: The price of Brent is holding steady above $100/barrel ($100/bbl) while West Texas Intermediate's (WTI) price is slipping back into the $90s. How are these prices and the spread between them affecting exploration and production of oil and gas?

Thursday, December 12, 2013

Oil Stocks - Change of Trend or Just a Correction? / Commodities / Oil Companies

By: Nadia_Simmons

In our last essay on oil stocks from Dec. 2, we checked the oil-stocks-to-oil ratio to find out what impact it could have on future oil stocks' moves. Back then, we emphasized the strong positive correlation between the ratio and the oil stock index in recent months. As we wrote in the summary:

(...) connecting the long-, medium- and the short-term pictures, we clearly see that the ratio reached a strong resistance zone created by the long-, medium- and short-term lines. Although we saw breakouts above them, they all were invalidated. This is a strong negative signal for oil stocks holders, which suggests that further declines are just around the corner.

Thursday, December 12, 2013

Gold Price Drops $20, "I'd Rather Buy Silver," Says Jim Rogers / Commodities / Gold and Silver 2013

By: Adrian_Ash

WHOLESALE LONDON gold tumbled more than $20 per ounce in quiet trade Thursday morning, falling with world stock markets after the week's "three-day rally [in gold] prompted some profit-taking" according to one dealing desk.

"The fact that India," said investor, fund manager and best-selling author Jim Rogers to BullionVault overnight, "which has been the largest buyer, has reduced its buying a lot is one of the main factors that's causing gold prices to go down."

Thursday, December 12, 2013

Gold Stocks Bear of a Lifetime Takes No Prisoners / Commodities / Gold and Silver Stocks 2013

By: Rambus_Chartology

Today I would like to update some of the Diamonds that have been in play for several months now. Chartology is giving us an edge over most of the other technical disciplines out there , in that it has been showing us the way lower to a T. Nobody but Rambus Chartology folks are seeing the precious metals stocks from this angle that got us short, for the first ride down, one year ago during the first impulse leg down. It was in the first week of December of 2012 that we took our first DUST position and added to it from there until the Kamikaze Portfolio was full. Here we are one year later and we have the exact same setup staring us in the face. This time we are one step ahead of the game by being fully invested in the Kamikaze Portfolio before things broke down.