Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, April 26, 2013
Gold Stocks Driven Down to Panic Levels / Commodities / Gold and Silver Stocks 2013
By: Zeal_LLC
Gold stocks have to be the most despised sector in all the markets. Mainstreamers barely even know they exist, while even the vast majority of so-called contrarians scorn them. The sheer contempt for this sector is amazing considering gold stocks were almost certainly the best-performing sector of the past decade. This universal antipathy has driven them to panic levels, by far the markets’ best fundamental bargains.
Gold stocks weren’t always held in derision. From November 2000 to September 2011, the flagship gold-stock index known by its symbol HUI catapulted an astounding 1664.4% higher! This was over a very long 10.8-year secular-bear span where the broad stock markets as measured by the mighty S&P 500 fell 14.2%. After multiplying their investors’ wealth by 18x, they should have been the most-popular sector.
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Friday, April 26, 2013
Arizona's Hard Currency: How Much Gold Does it Need? / Commodities / Gold and Silver 2013
By: Adrian_Ash
Miguel Perez-Santalla writes: How much gold & silver might Arizona, Utah and the other states now involved in hard-currency laws come to need...?
Arizona is moving to allow gold and silver coin to be used to pay debts, and - effectively - go shopping.
This has already been approved in the state of Utah, and there is an assortment of other states that are moving in this direction as well. However, Utah's gold currency law has been on the books for more than a year. But it has not yet made any headway into how to manage gold and silver being used as currency. Nor will payees be obliged to accept bullion as payment. As a result, many pundits are pooh-poohing Arizona's gold idea, acting as obstacles to its possible success.
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Friday, April 26, 2013
Silver Prices Underperformance Against Gold / Commodities / Gold and Silver 2013
By: P_Radomski_CFA
What happened on Friday, April 12 and Monday, April 15 on gold and silver markets looked like a gigantic earthquake – a drop of about $200 (13%) for the yellow and almost $5 (18%) for the silver metal. There has been a lot of hyperbole going on. We even heard it said that a move of that scale would statistically only be expected “once every 4,776 years.” Going even further, John Kemp of Reuters calculates that, based on a normal distribution (by the way, market returns are not normally distributed), movements like this can be expected once in every 500 million trading days, or two million years. Sounds far-fetched?
Friday, April 26, 2013
Silver Market Manipulation - Then and Now / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
The recent price drop in silver was severe, but not exactly like silver’s Black Thursday in 1980. It was different this time, but some aspects of the decline seemed the same.
This time, a different demand character prevailed. Also, the overall level of market awareness and underlying sentiment was stronger.
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Friday, April 26, 2013
Little Silver Markets and the Big Box Warehouses / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
What the precious metals market has seen over the last week in both silver and gold is a worldwide surge in physical demand as prices fell. This is what happens when the management of perception backfires.
It seems poetic justice that a drive by smash-down of precious metal prices would actually trigger the beginning of the last phase of this bull market. Nevertheless, these are exactly the kinds of consequences that occur when a market has been prevented from discovering its true value.
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Friday, April 26, 2013
Gold Bullion Shortage Seen in Asia / Commodities / Gold and Silver 2013
By: Ben_Traynor
GOLD drifted lower towards $1460 an ounce Friday morning in London, having climbed to its highest level since last week's price drop at $1485 during Asian trading.
"The next resistance level is $1487," says a note from technical analysts at Scotia Mocatta published late Thursday.
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Friday, April 26, 2013
Gold to Rebound on the Back of Economic Recovery That Never Was / Commodities / Gold and Silver 2013
By: DailyGainsLetter
John Whitefoot writes: Once again, the proof is in the numbers. On one hand, the Dow Jones Industrial Average and the S&P 500 are doing amazing! But on the other hand, few seem to be benefiting. You don’t really hear about the latter on the evening news, even though the amount of supporting data is overwhelming.
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Friday, April 26, 2013
The Crude Oil Price Crash Of 2013 / Commodities / Crude Oil
By: Andrew_McKillop
GOLD, OIL AND THE "SURPRISINGLY STRONG" DOLLAR
To this heavyweight trio for deciding investor sentiment in the commodities space, we can add sovereign debt, interest rates and currency valuations, in a cocktail mix that reads badly for oil above $85 per barrel - for Brent.
Exactly like gold, market manipulation to generate a Fool's Bounce and drag in latecomer investors to shred and shear, is heavily evident in the oil market. Now traditional, the short term bounces in commodity prices driven by the Eurozone merry-go-round of ECB rate easing, and the linked but totally irrational strengthening of the euro, are able to be promoted as "realistic" or "fact based".
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Friday, April 26, 2013
Gold’s Flash Crash: BUBBLEOMIX Analysis / Commodities / Gold and Silver 2013
By: Andrew_Butter
There was a letter in the local rag Tuesday about how a couple in Dubai had tried to buy gold bars (physical) at the spot price then about $1,400; the bullion dealer told them he was out of stock. They suspected he was lying…and they were complaining, “Can’t SOMEONE force the scoundrel to sell?”A friend asked me what I thought. I told him if I had some I wouldn’t sell, but I wouldn’t buy either. He said he had bought at $900 and as far as he was concerned gold is the only “safe haven” so he was not selling.
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Friday, April 26, 2013
Gold Bullions Investors Best Storage Safe Haven Switzerland or Canada? / Commodities / Gold and Silver 2013
By: Julian_DW_Phillips
Despite the well-engineered 'bear raid' conducted by some U.S. banks together with some hedge funds -which knocked the gold price back on its heels down to $1,344--the demand for gold from all over the world remains unabated. The fall in the gold price caused the physical buying of gold to surge everywhere and the gold price has begun to recover.
The dilemma facing most gold investors remains.
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Friday, April 26, 2013
Crude Oil Targets Rally to $93 / Commodities / Crude Oil
By: ForexPros
Crude Oil Is Looking Impulsive On the Intra-day Basis; Could See $93.00
Oil is forming an impulsive price action from an 87.87 swing low. The reason is recent strong reaction towards the 92.00 figure yesterday - very strong and sharp in a short period of time. That’s the personality of a third wave, so we think that the market is forming a five wave pattern. With that in mind, be aware of more upside, this time towards the 93.00 mark.
Thursday, April 25, 2013
Silver Price and COT Data / Commodities / Gold and Silver 2013
By: DeviantInvestor
The Commitment of Traders data is published every Friday. It lists the reportable positions of the commercial and non-commercial traders for silver contracts on the COMEX.
STOP! Yes, I know
•The data is manipulated. The same people who brought us LIBOR, flash crashes, high frequency trading, and the most recent gold and silver crash are the people who report the data.
Thursday, April 25, 2013
Gold Forecasts Split Between $10,000 and $1000 as ETFs Sell and Central Banks Buy / Commodities / Gold and Silver 2013
By: Adrian_Ash
WHOLESALE GOLD rose to an 8-session high just shy of $1450 per ounce in London trade Thursday morning, recovering 45% of this month's near-record slump.
Asian stock markets also ticked higher, but European shares were flat while commodities extended their rally.
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Thursday, April 25, 2013
Why Silver Price will Soar to $250 an Ounce / Commodities / Gold and Silver 2013
By: Money_Morning
Peter Krauth writes: All bull markets go through periods of consolidations and corrections. And precious metals are no exception.
There has been plenty about gold's swan dive, but less talk about silver. And at this point there's more potential for silver than gold...significantly more.
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Thursday, April 25, 2013
Why I Still Believe in Gold / Commodities / Gold and Silver Stocks 2013
By: The_Gold_Report
After the extreme volatility of gold in the last few weeks, OCM Gold Fund Manager Greg Orrell is more convinced than ever of the necessity of owning gold assets. In this interview with The Gold Report, Orrell lays out the rationale for buying these cheap gold stocks around the world, including California of all places.
The Gold Report: How has your bullish view on the gold sector evolved as a series of crises has jolted both the international stock market and the price of gold?
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Thursday, April 25, 2013
Fed Fails to Crush Gold Price, Bullion Demand Triggers Strong Bounce / Commodities / Gold and Silver 2013
By: Robert_M_Williams
There’s an awful lot of noise that passes as news out there, and most of it is related to just how good the stock market looks and just how bad gold looks. Bloomberg did another ten minutes on fifty reasons not to buy the yellow metal this morning. They are negative pieces on gold every single day, and sometimes two or three times a day. I’ve been around a long tome and I’ve never seen anything quite like it, except when the media was pushing stocks back in 1999 with “Dow 25,000,” and we all know how that turned out. Maybe it’s just me but when everybody tells me to go one way, I have to take a good look at what’s in the other direction.
Thursday, April 25, 2013
Gold Parabolic Bull Market Rise, On the Verge of a New Monetary Order / Commodities / Gold and Silver 2013
By: Hubert_Moolman
The last three major bull markets of the Dow were followed by some type of economic crisis and a major bull market in gold. This is no coincidence, since these massive bull markets have been mostly driven by the huge expansion of the money supply. When this expansion of credit is exhausted, which always happens, the confidence in all things (like stocks) inflated by this expansion of credit fails, causing a massive economic crisis and a rush to gold. We are still in the midst of last one's crisis.
Wednesday, April 24, 2013
US Mint Suspends Sales Of Small Gold Coins - Premiums Rising / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,424.50, EUR 1,095.52 and GBP 932.63 per ounce.
Yesterday’s AM fix was USD 1,417.25, EUR 1,091.70 and GBP 931.05 per ounce.
Wednesday, April 24, 2013
Worldwide Silver Shortage Pushes Premiums On Silver Eagle Coins to 40% / Commodities / Gold and Silver 2013
By: Jason_Hamlin
COMEX silver prices once again dipped below $23 today. My previous article entitled Ignore COMEX Pricing – Silver Eagles Sold Out at Dealers, $33 on Ebay detailed just how divorced from reality the COMEX price has become. So with another dip today, I decided to try to get my hands on some more silver coins. I realized before I picked up the phone that it would be difficult, but I have a few dealers in Colorado and California that have consistently been able to find supply at reasonable premiums.
Wednesday, April 24, 2013
U.S. Mint Runs Out American Eagle Gold Coin; Smells of Shortage of Physical Gold / Commodities / Gold and Silver 2013
By: Mike_Shedlock
Demand for gold coins has surged following the record price plunge in gold last week. Demand is so high that the U.S. Mint Runs Out of Smallest American Eagle Gold Coin.
Read full article... Read full article...The U.S. Mint ran out its smallest American Eagle gold coin after demand surged following the biggest drop in futures prices in 33 years.