Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, September 08, 2017
When the United States Owned Most of the Gold on Earth / Commodities / Gold and Silver 2017
By: Michael_J_Kosares
Few Americans know that, just after World War II, the United States owned most of the gold bullion on earth – about 22,000 metric tonnes. In fact by 1945, it owned over 80% of the gold held by nation-states and central banks – an impressive display of economic power. Now it owns just over 8000 metric tonnes, which represents about 42% of the total global reserve.
The lost 14,000 tonnes were expended in defense of the $35 per ounce gold benchmark price established under the 1944 Bretton Woods Agreement. In addition to the fixed price of gold, the U.S dollar came to represent a fixed weight of gold, i.e., 1/35th of a troy ounce, and the rest of the world’s currencies were then pegged to the dollar. The United States agreed under Bretton Woods to redeem gold from the other signatories at the rate of $35 per ounce should any of the participants determine that gold might be a better alternative for a portion of their reserves than U.S. dollars. “The dollar,” American policy makers were wont to say, “was as good as gold.”
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Thursday, September 07, 2017
Gold Price is Headed to $1,500 by Year End / Commodities / Gold and Silver 2017
By: Jason_Hamlin
A confluence of factors has been pushing the price of gold higher over the past few weeks and I believe it is headed for $1,500 by the close of 2017. After hitting a low around $1,200 in July, the price of gold has since advanced by more than 10% or $140 to $1,340.
The chart shows a significant breakout through both the 100 and 200-day moving averages over the past month. More importantly, gold pierced trend-line resistance that had been in place for over a year.
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Thursday, September 07, 2017
Key Labor-Day Analogies in Gold / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
It was not so long ago, when we wrote about the record-breaking volume in gold. We described the implications of the extreme monthly volume and we discussed the very high readings in case of the individual sessions. We even described these sessions as the most important sessions of the year – at that time. Well, “at that time” those volume readings were indeed extreme, but what we saw yesterday made the previous sessions seem regular. The Tuesday’s volume in gold was the highest that we’ve seen ever (in case of daily upswings). The volume was even higher than the one that accompanied the results of the Brexit voting. With extreme volume, likely come extreme implications.
Thursday, September 07, 2017
Do Your Really Want $5,000 to $10,000 Gold? / Commodities / Gold and Silver 2017
By: Dudley_Baker
It’s Time to Buy Gold as Insurance.
Investors in the resource sector are starting to lick their chops at the prospects of $5,000 to $10,000 gold within the next few years or perhaps sooner.
Mining shares and especially the junior mining and exploration companies should soar in price with many 10 baggers, 20 baggers and more.
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Thursday, September 07, 2017
Hurricane Harvey’s Short-Term Impact May Be Higher Oil Prices / Commodities / Crude Oil
By: John_Mauldin
Harvey hit hard the heart of the US oil industry.
So far, it has shut down 11.2 percent of US refining capacity (about one-third of all US refining capacity is in Texas’ Gulf Coast) and roughly 25 percent of US oil production from the Gulf of Mexico (accounting for about 20 percent of US crude production). It has also closed all ports along the Texas coast.
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Thursday, September 07, 2017
Physical Gold In Vault Is “True Hedge of Last Resort” – Goldman Sachs / Commodities / Gold and Silver 2017
By: GoldCore
– Physical gold is “the true currency of the last resort” – Goldman Sachs
– “Gold is a good hedge against geopolitical risks when the event leads to a debasement of the dollar”
– Trump and Washington risk bigger driver of gold than risks such as North Korea
– Recent events such as N. Korea only explain fraction of 2017 gold price rally
– Do not buy gold futures rather “physical gold in a vault” is the “true hedge”
Wednesday, September 06, 2017
Copper Price Movements Augur Well for Silver / Commodities / Gold and Silver 2017
By: The_Gold_Report
The charts are increasingly looking positive for silver, technical analyst Clive Maund says, and copper's price movements are good news for silver.
The long base pattern in silver continues with positive price/volume action of recent weeks suggesting that it is approaching completion. On its 10-year chart we can see the giant Head-and-Shoulders bottom pattern that has formed in silver, which parallels the one in gold, but is downsloping because silver tends to underperform gold at the end of bear markets and early in bull markets.
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Wednesday, September 06, 2017
Why Korean Tensions Should Soon Ease: The Effect on the Dollar and Precious Metals / Commodities / Gold and Silver 2017
By: The_Gold_Report
The tensions centered on the Korean peninsula should soon ease, leading to a rally in the dollar and a (mild) reaction in precious metals and other commodities like copper, says technical analyst Clive Maund.
There can be no denying that what we have previously referred to as "The Empire" is intent on world domination. The evidence is there for all to see in the form of a vast network of military bases spread across the globe, and a history of invasion of various countries by the Empire in recent years in pursuit of its geopolitical objectives. The economic engine that drives the Empire and supports its imperialistic ambitions is the dollar, whose Reserve Currency status means that infinite quantities of it (or proxy derivatives like Treasuries) can be printed up and swapped for goods and services with any and all countries around the world, and it is this dynamic that supports the formidable U.S. military machine.
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Wednesday, September 06, 2017
Gold Sniffing Out Coming Central Bank Failure; $2000+ Per Ounce? / Commodities / Gold and Silver 2017
By: MoneyMetals
Mike Gleason: It is my privilege to welcome in Michael Pento, President and founder of Pento Portfolio Strategies, and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known and successful money manager, and has been a regular guest on CNBC, Bloomberg, Fox Business News, and also the Money Medals Podcast, and shares his astute insights on markets and geopolitics from the perspective of an Austrian school economist viewpoint.
It's always a real pleasure to have him on with us. Michael, welcome back and how are you?
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Wednesday, September 06, 2017
Bitcoin Falls 20% as Mobius and Chinese Regulators Warn / Commodities / Gold and Silver 2017
By: GoldCore
– Bitcoin falls 20% as Mobius and Chinese regulators warn
– “Cryptocurrencies are beginning to get out of control” – warns respected investor Mark Mobius
– Mobius believes governments will begin to clamp down on cryptocurrencies sparking rush to gold
– Yesterday China’s PBOC ruled Initial Coin Offerings (ICOs) are illegal and all related activity to halt
– China is home to majority of bitcoin miners
– Paris Hilton latest celebrity to support an ICO
– Gold’s return of 16% YTD look ‘dull’ or ‘stable’?
– Bitcoin fell 23%, now down 16% from $5,000 high
Wednesday, September 06, 2017
How EIA Guestimates Keep Crude Oil Prices Subdued / Commodities / Crude Oil
By: OilPrice_Com
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.
The monthly EIA oil production figures tend to be more accurate than the weekly estimates, although they are published on several months after the fact. The EIA just released the latest monthly oil production figures for June, for example. Meanwhile, the agency releases production figures on a weekly basis that are only a week old – the latest figures run up right through August.
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Tuesday, September 05, 2017
Gold Price’s Bullish Movement Extended To 1339.69 / Commodities / Gold and Silver 2017
By: Franco_Shao
XAUUSD extended its bullish movement from 1204.77 to as high as 1339.69, breaking above the November 2016 high of 1337.28 resistance. Further rise is still possible in a couple of weeks.
Tuesday, September 05, 2017
Gold Proprietary Cycle Indicator is Up / Commodities / Gold and Silver 2017
By: The_Gold_Report
Technical analyst Jack Chan charts the latest moves in the gold and silver markets.
Our proprietary cycle indicator is up.
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Monday, September 04, 2017
Gold Surges To $1338 as U.S. Warns North Korea of ‘Massive’ Military Response / Commodities / Gold and Silver 2017
By: GoldCore
– Safe haven gold extends rally to 11-month high after North Korea nuke test and U.S. warns of ‘massive’ response
– Asian and European stocks fall, bonds flat, gold, silver, palladium, Swiss franc rise as Korea tensions flare as North Korea tests ‘hydrogen bomb’
– North Korea prepares for possible ICBM launch says S. Korea
– U.S. warns of ‘massive,’ ‘overwhelming’ military response to North Korea after meeting with Trump
– Trump weighing new economic sanctions that target China
– Gold is consolidating above the $1,300/oz key resistance level and building on 4% gain seen in August
Monday, September 04, 2017
When and how to invest in the commodity market – Taking a balanced step forward / Commodities / Commodities Trading
By: Boris_Dzhingarov
Commodity prices usually soar higher during inflationary periods. There are times when the economy goes through soaring levels of inflation, just like it happened in 1970s. During that period, interest rates surged up to 18% to fight against the levels of inflation and the prices of commodities reached their record high levels. However, it is not that all periods of inflation have to be so extreme but at the same time it is true that commodities usually perform well when there is mild inflation in the country. Read full article... Read full article...
Sunday, September 03, 2017
Gold Breakout & Upside Price Targets / Commodities / Gold and Silver 2017
By: Jordan_Roy_Byrne
Gold cleared $1300 early in the week and padded its gains on Friday even amid a bullish weekly reversal in the US Dollar. Gold’s breakout was validated by a strong monthly close on Thursday and then a strong weekly close Friday. As predicted, the miners perked up with the breakout in Gold. GDX and GDXJ gained nearly 6% and 7% respectively for the week. Look for the miners to continue to trend higher as Gold attempts to retest its 2016 highs around $1375/oz.
Saturday, September 02, 2017
Silver Junior Mining Stocks 2017 Q2 Fundamentals / Commodities / Gold and Silver Stocks 2017
By: Zeal_LLC
The silver miners’ stocks have largely languished this year, grinding sideways near lows for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q2’17 results reveal today’s silver prices remain profitable.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. These are generally due by 45 days after quarter-ends in the US and Canada. They offer true and clear snapshots of what’s really going on operationally, shattering the misconceptions bred by the ever-shifting winds of sentiment. There’s no silver-miner data that is more highly anticipated than quarterlies.
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Saturday, September 02, 2017
Technology Is Already Eliminating Driver Jobs—Here’s How to Trade It / Commodities / AI
By: John_Mauldin
BY PATRICK WATSON : Everyone is worried about robots. Elon Musk fears they will kill us all if we give them both deadly weapons and autonomy.
He certainly has a point, but the non-lethal scenarios are no picnic either. Robots are already taking over human jobs at a rapid pace. Robots are already taking over human jobs at a rapid pace.
Worse, artificial intelligence (AI) systems threaten even “knowledge worker” jobs now.
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Saturday, September 02, 2017
Precious Metals Outperform Markets In August – Gold +4%, Silver +5% / Commodities / Gold and Silver 2017
By: GoldCore
– All four precious metals outperform markets in August
– Gold posts best month since January, up nearly 4%
– Gold reaches highest price since US election, climbs due to uncertainty and safe haven demand
– S&P 500 marginally higher; Euro Stoxx, Nikkei lower for month
– Platinum is best performing metal climbing over 5%
– Palladium climbs over 4% thanks to seven year supply squeeze
– Fear, uncertainty and political sanctions are amongst biggest drivers for precious metals
– Never been a better time to diversify and rebalance portfolios with stocks and bonds near record highs and looking vulnerable
Friday, September 01, 2017
13 Reasons Why to Own Gold After Breaking Above $1300 / Commodities / Gold and Silver 2017
By: Submissions
Michal Matovcik writes: Gold is showing decent strength going into the end of summer breaking above strong psychological and technical level of $1300 per ounce which can finally confirm the beginning of long-term bull market. At the same time, gold reached new highs for 2017.
There is no lack of fundamentals supporting the move upwards. But as gold traders got used to during recent years, the "fat fingers" smashing gold to the downside during ridiculous trading hours in low liquidity markets has no limits. So I always remember the old saying used by many long time traders, "Markets have the ability to stay irrational longer than our accounts solvent".
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