Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, November 14, 2013
Gold Price Corrective Rally Before Turning Lower / Commodities / Gold and Silver 2013
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
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.
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Thursday, November 14, 2013
Platinum ‘Rich Man’s Gold’ is Palladium: Tomorrow’s? / Commodities / Palladium
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.)
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Wednesday, November 13, 2013
Gold & Silver vs. Hope & Change. Place Your Bets! / Commodities / Gold and Silver 2013
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.
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Wednesday, November 13, 2013
China Gold Demand Weak as Prices Falls After Fed Comments / Commodities / Gold and Silver 2013
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.
Wednesday, November 13, 2013
Gold, It’s Been Proven for 2,500 Years / Commodities / Gold and Silver 2013
It’s surprising how many people rudely interrupt me to say “Hey! Shut up for one minute about how the evil Federal Reserve is creating so much currency and credit that we are doomed to a horrible inflationary collapse, and just tell me if you want fries with your burger.”
On the other hand, none of them has ever asked me, “Okay, let’s see how smart you are in solving the economic mess, Mister Know-It-All who thinks he is so smart.”
Wednesday, November 13, 2013
Big Ideas on Gold and Resources in the Big Easy / Commodities / Gold and Silver Stocks 2013
For nearly four decades, curious investors have made their way to the Big Easy for a taste of New Orleans and several helpings of advice and perspective at the New Orleans Investment Conference.
Coincidentally, President Barack Obama was in the city recently, speaking at the Louisiana port, which was the setting to showcase his focus on the nation's economy.
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Wednesday, November 13, 2013
Gold Tops and Bots Cycles Analysis / Commodities / Gold and Silver 2013
In last week's Commentary I promised to share my forecast for the low of the 10/28/13 decline. I call my approach the Hybrid-Lindsay method as it uses the concept of Middle Sections which were developed by George Lindsay in his seminal paper "An Aid to Timing". Using Middle Sections tells us whether to expect the forecast date to be a high or a low. I combine this approach with what Lindsay called "intervals of equidistance". These are similar to cycles except that they can stretch from high-to-low or low-to-high and not just low-to-low as cycles are normally thought of.
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Tuesday, November 12, 2013
Junior Gold Mining Stocks Picking Winners in a Field of Losers / Commodities / Gold and Silver Stocks 2013
The airline tried to zap us with an overweight luggage fee on our flight home from the Casey Summit in Tucson. I was toting piles of notes and ideas to share with our readers, and I had to open two suitcases for the whole world to see. Your 73-year-old scribe was on his hands and knees moving clothes and folders between suitcases, but I managed to sneak in under the weight limit.
A few notes on the junior mining sector were among the stacks of paper I had to shuffle around. Lately the price of gold is seemingly going nowhere, and junior mining stocks are in the tank. Nevertheless, people had a tremendous level of interest in these companies, as evidenced by the crowds around their tables in the Map Room.
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Tuesday, November 12, 2013
Gold Buying Opportunity Like This Doesn't Come Along Often / Commodities / Gold and Silver 2013
Charles Rice writes: Gold prices are the honey badger of precious metals right now.
As 2011's very popular YouTube video showed us, the honey badger makes moves that don't make sense - it "don't care."
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Tuesday, November 12, 2013
Gold and Silver Diamonds..Half Way There ! / Commodities / Gold and Silver 2013
In this Weekend Report I would like to take a fresh look at the precious metals complex again as things are still evolving in this area. I want to look at the GDX as our proxy for the rest of the PM stock indexes as it trades with the most volume and probably gives us a better feel for where the big caps are headed. As you know we’ve looked at several different possibilities for our recent consolidation zone that are still valid as consolidation patterns. At the end of some if these more complex trading ranges one can end up with a lot of trendlines that can make things a little confusing at times. With that said lets strip away all the noise and see what is actually there from a Chartology perspective.
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Monday, November 11, 2013
Three Reasons Why Gold's Best Days Are Ahead / Commodities / Gold and Silver 2013
It may be hard to find someone as enthusiastic about precious metals mining as Sean Brodrick. A natural resource strategist with the Baltimore-based Oxford Club, an independent financial organization, Brodrick isn't only filling his own portfolio with gold miners, he's launching two new newsletters to research and vet resource stocks. While Brodrick might be putting his money where his mouth is, it's not without solid reasoning and deep research. In this interview with The Gold Report, Brodrick discusses the projects he's visited, the management he's met and the companies that are getting his attention.
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Monday, November 11, 2013
Time to Rethink Your Gold Investments? / Commodities / Gold and Silver 2013
Mohammad Zulfiqar writes: Is it time to rethink your gold investments? This question is being asked by those who have held on to their investments as the prices of the precious metal have come down significantly. It wasn’t too long ago when gold bullion prices soared beyond $1,900 an ounce; this year, they are facing scrutiny. Gold bullion prices witnessed plunges in April and June, and now sit close to $1,300—down more than 31% from their peak.
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Monday, November 11, 2013
How to "Democratize" Gold... and Give the Government a Black Eye / Commodities / Gold and Silver 2013
Peter Krauth writes: We all know that, so long as the Fed keeps the printing presses on, the risk of a worldwide currency crisis gets even higher.
Gold, of course, is the timeless hedge here - for all the reasons you and I know.
But are we truly prepared for a currency crisis?
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Sunday, November 10, 2013
Silver Price Technical Perspective / Commodities / Gold and Silver 2013
All people in the futures markets are there to make money, [hedgers excepted], or they would not subject themselves so unnecessarily to the risks. Even buyers of the physical, Stackers, want to get as low a price as they can. More people are fundamentally inclined than are technically driven. As a consequence, they like to read articles that provide a degree of psychological comfort in support of their own view of the market.
With the onslaught of bullish news/facts/figures about silver over the past year, one need only look at where the price of silver is and ask, "How is that bullish information working out for you?" This applies less to buyers of the physical, but even they need an occasional reminder that even though price has declined, their end game is still in process.
Saturday, November 09, 2013
Gold And Silver – Cognitive Disconnect Between Physical And Paper / Commodities / Gold and Silver 2013
When one understands the widely pervasive but narrowly understood phenomenon of cognitive dissonance that permeates most of the Western world, it is not so difficult to put into context the disparity between demand for physical gold and silver and supply for the faux paper market. There is a growing sense for many that everything in the financial world is out of line, and way out of line for many others.
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Saturday, November 09, 2013
Copper Demand Catch Up / Commodities / Copper
Until roughly 12,000 years ago - at least 90 percent of our history - we humans eked out a living by hunting and gathering. Our hunter-gatherer ancestors were replaced by farmers and herders who crowded into villages following the invention of agriculture.
Over the last 200 years a major resettlement pattern has emerged:
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Friday, November 08, 2013
Gold Futures Buying Returns / Commodities / Gold and Silver 2013
Heavy and relentless selling by American futures speculators has been one of the primary drivers of gold’s horrendous year. These traders abandoned gold on the long side while piling in on the short side, unleashing withering selling pressure. But just in recent weeks, these speculators have started buying gold-futures contracts again on the long side. This critical and long-awaited reversal is very bullish for gold.
Futures speculators have long been at odds with gold investors. With gold futures’ inherent extreme leverage and expiration dates, speculators must maintain a very-short-term perspective in order to survive. Their whole worldview is based on technicals and sentiment, with trades lasting hours, days, or maybe weeks on the outside. Gold’s supply-and-demand fundamentals are largely irrelevant at this short scale.
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Friday, November 08, 2013
U.S. Non-Farm Data Sinks Gold, Bond Prices Set for Fed Tapering / Commodities / Gold and Silver 2013
The PRICE of GOLD slumped $20 per ounce in 10 minutes Friday lunchtime in London, as the Dollar rose after much stronger than expected US jobs data.
Non-farm payrolls added 204,000 jobs net in October, the Bureau for Labor Statistics said, beating analysts' lowest prediction in a year of 125,000.
Friday, November 08, 2013
Stockholm Syndrome and the Precious Metals Price Discovery / Commodities / Gold and Silver 2013
The level of fraud in the financial system with utter lack of prosecution or accountability, combined with the ongoing love affair between the largest offenders and collective mainstream, results in financial media being a victim of the so-called Stockholm syndrome.Read full article... Read full article...