Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Tuesday, November 19, 2013
Gold, Silver Prices and Mining Stocks About To Sell Off Again / Commodities / Gold and Silver 2013
By: Chris_Vermeulen
A couple weeks ago I posted these same charts talking about the pending breakout (in either direction) with silver, gold and mining stocks. Fast forwarding to this week its clear this sector continues its struggle to rally. Key support levels are now being tested and if these levels fail prepare for a sharp correction with mining stocks showing the most downside potential of roughly 25% for the GDX ETF trading fund.
Tuesday, November 19, 2013
Could Bad Data Be Depressing the Gold Price? Eric Sprott Says GFMS Stats Are Flawed / Commodities / Gold and Silver 2013
By: The_Gold_Report
Demand for gold bars, coins and jewelry increased to multiyear highs in the first half of 2013, but was offset by outflows from exchange-traded funds, according to the World Gold Council, which produces a quarterly Gold Demand Trends Report and recently released the first-ever Direct Economic Impact of Gold Report. Sprott Securities founder Eric Sprott questioned those statistics in a call-out on his website. He figures that the demand for gold is actually 3,000 tons more than the annual supply, and therefore the gold price will soon be much higher. What is the true demand for gold? How much is really available in any given year? Does supply and demand really determine the price of gold anymore? The Gold Report called Sprott and John Gravelle, global and Canadian mining leader for PwC, which produced the report for the World Gold Council, to find out.
Monday, November 18, 2013
Why is Crude Oil Overpriced? / Commodities / Crude Oil
By: Andrew_McKillop
POLITICAL RISK VERSUS ENERGY ECONOMICS
Expressed in terms of price for 1 barrel equivalent of oil energy at present market prices, world coal costs about $14.50 per barrel FOB (before transport costs), US domestic natural gas costs about $20.50 per barrel, while European and Asian natural gas is priced at more than $65 per barrel, but will surely and certainly decline in the next 3 – 4 years.
Monday, November 18, 2013
Bearish Bets on Gold Hiked Aggressively But Prices Move Sideways / Commodities / Gold and Silver 2013
By: Adrian_Ash
LONDON prices for gold reflected subdued dealing Monday morning, slipping 0.9% to $1279 by lunchtime as silver and other commodities also dropped but major government bond price edged higher.
European shares drifted lower as well, but the MSCI World index was pulled up to 6-year highs by a sharp rise in Chinese equities.
Monday, November 18, 2013
COMEX Gold Claims per Ounce Hit 69 to 1 / Commodities / Gold and Silver 2013
By: Jesse
Nothing much of note in the metals today as they continued to bump into overheard resistance.
There was little movement of gold bullion in or out of the Comex warehouses.
I had asked Nick Laird of Sharelynx to check his figures and it turns out that the 'claims per ounce' from yesterday were a bit light at 63. That did seem very little for a 51,000 ounce change in registered inventory.
Sunday, November 17, 2013
Gold And Silver When Fundamentals Fail And Charts Prevail / Commodities / Gold and Silver 2013
By: Michael_Noonan
There is a decline in the number of reads in our articles that do not provide a fully developed "fundamental" story about why gold and silver should be much higher in price, [but are not]. Relying upon charts to more accurately capture the developing "story" does not capture the imagination of as many readers, for whatever reason. We attribute this to Confirmation Bias where a reader wants to read an article that confirms his/her beliefs The accuracy/validity/truth may or may not be true, but is satisfies an emotional need for affirmation.
Saturday, November 16, 2013
Will Gold follow Gold and USD Higher? / Commodities / Gold and Silver 2013
By: P_Radomski_CFA
In our most recent article on gold, USD and Euro Indices we wrote that the outlook for the yellow metal was bearish just as the outlook for the Euro Index and just as it was bullish for the USD Index. At this time - since all of the above-mentioned markets moved in the opposite way - you might be wondering if we are sticking to the above analysis. In the medium-term, we do, but not in the short run. In fact, earlier this week we told our subscribers to cash in the profits from the short positions as the bullish correction was quite likely to be seen.
Friday, November 15, 2013
Gold Flows East As Three Pieces Of Bacon Sell For €105 Million / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,281.75, EUR 953.99 and GBP 797.65 per ounce. Yesterday’s AM fix was USD 1,266.00, EUR 951.25 and GBP 798.75 per ounce.
Gold rose $14.40 or 1.13% yesterday, closing at $1,294.07/oz. Silver hit a high $20.90 and closed the day with a gain of $0.25 closing at $20.81.
Read full article... Read full article...
Friday, November 15, 2013
Gold and Silver Wheels are Turning and You Can't Slow Down / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
We are aboard a speeding train that cannot speed up - neither can it slow down - due to fiat, default, and what will be remembered as the greatest credit fiasco in history. And the road is ending just up ahead. You can't go back and you can't stand still...
Read full article... Read full article...
Friday, November 15, 2013
Reasons to be Bullish on Gold / Commodities / Gold and Silver 2013
By: DailyGainsLetter
Mohammad Zulfiqar writes: Gold has gained a significant amount of negative attention lately, being called a “slam-dunk sell” not too long ago. While the bears have their reasons, I continue to be bullish on the shiny yellow metal for a few reasons of my own.
Read full article... Read full article...
Friday, November 15, 2013
Why the Sell-Off in Gold Bullion Is Based on Faulty Logic / Commodities / Gold and Silver 2013
By: InvestmentContrarian
Sasha Cekerevac writes: Over the last few days, gold bullion in U.S. dollars has been under selling pressure yet again. With the price of gold bullion pulling back, one obvious question arises: what’s the appropriate investment strategy at this point?
Many are pointing to talk that the Federal Reserve is about to reduce its monetary stimulus, and this has led some investors to adjust their investment strategy by reducing their gold bullion holdings.
Read full article... Read full article...
Friday, November 15, 2013
Gold - Will it Drop to $1000 or Was a Bottom Formed in Summer? / Commodities / Gold and Silver 2013
By: Toby_Connor
The blogosphere seems to have gotten the idea that I am predicting $1000 as a sure thing. Nothing could be further from the truth. I've said many times in the past that I think there are parties trying to push gold to that level. Will they succeed is anyone's guess, but I think they are clearly trying. I also believe that the bear market this past year was an artificial and manufactured move.
Thursday, November 14, 2013
Gold Bullion - Indian Paying Equivalent $1,565 Per Ounce For Physical Gold Bullion / Commodities / Gold and Silver 2013
By: Jesse
“Let us not, in the pride of our superior knowledge, turn with contempt from the follies of our predecessors. The study of the errors into which great minds have fallen in the pursuit of truth can never be uninstructive...
Hitherto no difficulty had been experienced by any class in procuring specie for their wants. But this system could not long be carried on without causing a scarcity. The voice of complaint was heard on every side, and inquiries being instituted, the cause was soon discovered. The council debated long on the remedies to be taken, and [John] Law, being called on for his advice, was of the opinion, that an edict should be published, depreciating the value of coin five per cent below that of paper.
Thursday, November 14, 2013
USD as a Percentage of Global Reserves Down, Then Up. What's next for Gold? / Commodities / Gold and Silver 2013
By: Julian_DW_Phillips
When the euro arrived on the scene, it took over around 32% of global foreign exchange reserves from the USD, with the tacit approval of the U.S. This dropped the USD's percentage of global reserves from 95% to around 63%. Since then [2000] its percentage of reserves dropped from 63% to 53% and now has risen back to 56%.
Arrival of the Euro
When the Euro arrived on the scene, gold continued to be held -- with the exception of the amounts sold under the Washington Agreement and the Central Bank Gold Agreements -- alongside the Yen, Sterling and the Swiss Franc.
Read full article... Read full article...
Thursday, November 14, 2013
Crude Oil Stock Index and Its Relationship with the Stock Market / Commodities / Oil Companies
By: Nadia_Simmons
In our previous commentary, we took a look at the situation in crude oil from the long- and the short-term perspectives to check whether they confirm the indications from the medium-term picture or not. As we wrote in the summary:
(...) light crude reached the declining long-term support line, which may trigger a bigger pullback. Additionally, it bounced off the lower border of the declining trend channel in terms of daily closing prices, which may result in further growth in the coming days (similarly to what we saw in the previous month).
Read full article... Read full article...
Thursday, November 14, 2013
Gold Price Corrective Rally Before Turning Lower / Commodities / Gold and Silver 2013
By: Gregor_Horvat
GOLD 4h
GOLD finally found some support and it seems that price is now at the start of a larger three wave retracement in wave ii) back to 1305-1326 region. As such, be aware of a slow and choppy recovery in the next few days before downtrend resumes. From a timing perspective, this wave ii) could complete the path on Monday or Tuesday.
Thursday, November 14, 2013
Investor Psychology Can Trump Gold Stocks Market Fundamentals / Commodities / Gold and Silver Stocks 2013
By: The_Gold_Report
With gold and silver equities markets as volatile as ever and assets of many miners valued at pennies on the dollar, Eric Muschinski, editor of the Gold Investment Letter, believes being on the right side of the emotional curve when investing is critical. He pays as much attention to investor psychology as he does to market fundamentals. In this interview with The Gold Report, Muschinski explains how investors can use knowledge of market cycles to their advantage and profiles undervalued companies flying under the radar.
The Gold Report: You have published a recent e-letter for investors called "Fighting Battles to Win the War." Please sum up the major themes of the issue, especially around how small-cap stock investors can combat impatience and deal with the emotional stress associated with temporary market downturns.
Read full article... Read full article...
Thursday, November 14, 2013
Platinum ‘Rich Man’s Gold’ is Palladium: Tomorrow’s? / Commodities / Palladium
By: David_Morgan
The Platinum Group Metals (PGMs) are a family comprised of 6 metals - platinum, palladium rhodium, iridium, osmium and ruthenium. But for our purpose today (and for most investors), we are only interested in the first two - platinum and palladium.
Platinum is usually more expensive than gold. But for well over a year, it actually traded for less - substantially less. One could purchase a troy ounce of platinum for $150 or so less than a troy ounce of gold. (As a side note, during the time of this unusual inverted pricing relationship, in expectation of the "norm" reestablishing itself, I placed a long platinum/short gold spread trade. Of course, this did indeed take place and I was able to make a good profit on the trade.)
Read full article... Read full article...
Wednesday, November 13, 2013
Gold & Silver vs. Hope & Change. Place Your Bets! / Commodities / Gold and Silver 2013
By: DeviantInvestor
The BIG Perspective: Examine the following “Point & Figure” chart from Ron Rosen. This type of chart plots price on the “y” axis while the “x” axis shows time but without uniform distance between years. The long term trend has been up since 1970 and 2001, while the intermediate trend has been down for the past 26 months.
Wednesday, November 13, 2013
China Gold Demand Weak as Prices Falls After Fed Comments / Commodities / Gold and Silver 2013
By: Adrian_Ash
ANALYSTS cited comments from a US Fed policymaker on a likely reduction next month in the pace of asset purchases for a new 1-month low in gold Wednesday morning, with prices eventually bouncing $15 from $1262 per ounce as world stock markets also slipped.
QE tapering "could very well take place" in December, said Atlanta Fed president Dennis Lockhart late Tuesday.