Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Saturday, April 01, 2017

Irish Government To Issue FREE Gold Coin To Protect Citizens From Brexit’s Impact On Euro and EU / Commodities / Gold and Silver 2017

By: GoldCore

– Unprecedented move to see Irish government issue free gold coin to Irish citizens
– Controversy as Irish government plans for Irish people to own 1 ounce of gold
– Irish Finance Minister said the “little people” were exposed due to risks from Brexit and the end of the euro
– “Gold can be stored for a long time … doesn’t lose its value for the population as a means of savings”
– Politicians in Ireland criticise move as “too generous” to Irish Americans given Ireland still close to bankruptcy

Friday, March 31, 2017

Gold in Fed Interest Rate Hike Cycles / Commodities / Gold and Silver 2017

By: Zeal_LLC

Gold suffered heavy selling in early March leading into the Fed’s latest rate hike.  Speculators frantically dumped gold futures ahead of the Fed’s meeting as implied rate-hike odds soared.  This is nothing new.  This key group of traders has long feared Fed-rate-hike cycles, convinced they are the mortal nemesis of zero-yielding gold.  But this view is highly irrational, as history proves gold actually thrives in rate-hike cycles!

The Federal Reserve’s primary and dominant tool for setting monetary policy is its target for the federal-funds rate.  Commercial banks are required to maintain reserve balances at the Fed, with necessary levels fluctuating daily based on each bank’s underlying business activity.  So banks with surplus reserves can lend them on an overnight basis to other banks running deficits through the federal-funds market.

Friday, March 31, 2017

‘Three Wise Men’ Warn Next Crash Coming, Own Gold / Commodities / Gold and Silver 2017

By: GoldCore

‘Three wise men’ are warning that the next financial crash is coming and that one of the ways to protect and grow wealth in the coming crash will be to own gold.

The men who have recently warned are Jim Rogers (video below), Martin Armstrong (blog below) and Tony Robbins (video below). Each come from somewhat different backgrounds and are respected experts in their respective fields.

Friday, March 31, 2017

Precious Metals Are in Alignment for a Major Ascent / Commodities / Gold and Silver 2017

By: The_Gold_Report

Precious metals expert Michael Ballanger discusses silver's recent price performance and why he believes precious metals are in alignment for a major ascent.

"Every stock market bull out there whether in New York or London or Mumbai or Beijing is in a drunken myopia of elevated expectations and deviated denial scrambling and scratching and pleading for assurances that 'it is truly different this time.'"

Friday, March 31, 2017

There Is No Such Thing As Peak Oil Demand / Commodities / Crude Oil

By: OilPrice_Com

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be.

Thursday, March 30, 2017

Brexit Gold Buying – UK Demand for Gold Bars Surges 39% / Commodities / Gold and Silver 2017

By: GoldCore

– UK investors buy gold bars as demand surges 39% in 2016
– Brexit Day sees Article 50 triggered and pound weakens
– “Brexit nerves” see “Brits hoard gold” reports WSJ
– End of 44 year relationship with closest economic partner
– May sets Brexit clock ticking in letter to Tusk

Thursday, March 30, 2017

Bitcoin Price Rises Higher Than Gold… But Its Value Is a Different Story / Commodities / Gold and Silver 2017

By: John_Mauldin

Since hitting a record-low of $177 in January 2015, Bitcoin is up almost 600%.

On March 2, 2017, it reached a new high of $1,268 per unit—thus surpassing the price of an ounce of gold for the first time ever.

So, what’s the driving force behind this parabolic rise?

Tuesday, March 28, 2017

USD Gold Myriad of Signs / Commodities / Gold and Silver 2017

By: P_Radomski_CFA

In yesterday's alert we emphasized that the breakdown in the USD Index should not be trusted as it was not confirmed and there were several good reasons to think that it would not be confirmed. The breakdown is already invalidated and - again, as discussed yesterday - this is actually a strong bullish sign. Is the decline in the USD Index over and is the big slide in the precious metals sector just around the corner?

Tuesday, March 28, 2017

Mansa Musa, Gold, And Inflation / Commodities / Gold and Silver 2017

By: Kelsey_Williams

From Wikipedia… Musa Keita I (c. 1280 – c. 1337) was the tenth Mansa, which translates as           “sultan” (king) or “emperor”, of the wealthy West African Mali Empire. 

During his reign Mali may have been the largest producer of gold in the world at a point of exceptional demand. One of the richest people in history, he is known to have been enormously wealthy; reported as being inconceivably rich by contemporaries, “There’s really no way to put an accurate number on his wealth” (Davidson 2015). 

Monday, March 27, 2017

Gold, Silver Rise 2.5% and 3.2% As ‘Trump Trade’ Fades / Commodities / Gold and Silver 2017

By: GoldCore

Gold and silver jumped another 1% overnight in Asia, building on the respective 1.5% and 2.2% gains seen last week. The ‘Trump trade’ is fading, impacting stock markets and risk off has returned to global markets with the Nikkei, S&P 500 futures and European stocks weakening.

The precious metals had their second consecutive week of gains last week. Gold rose 1.5% and silver 2% while platinum rose 0.5% and palladium surged 4.8%. Today, gold has risen from $1,247.90 to a one month high of $1,259 per ounce and silver from $17.74 to $17.92 per ounce.

Monday, March 27, 2017

... / Commodities / Copper

By: OilPrice_Com

Sunday, March 26, 2017

Gold and Silver Weekly Update / Commodities / Gold and Silver 2017

By: Metals_Report

Technical analyst Jack Chan charts the latest moves in the gold and silver markets, noting a tug-of-war between support and resistance.

Sunday, March 26, 2017

Major Supply Shortage: Critical Minerals Igniting Cobalt Bull Market Mania / Commodities / Metals & Mining

By: Metals_Report

Collapsing oil prices are only the beginning as fossil fuels are turning into a historic relic, says Kenneth Ameduri, chief editor of Crush the Street. He discusses two commodities whose demand he expects to skyrocket as the world shifts to cleaner energy.

Elon Musk is at the forefront of this movement with his innovations that are turning fossil fuels into a historic relic. Some say oil's true price per barrel with the "supply glut" that exists and the innovations in the battery space is $20 per barrel.

Saturday, March 25, 2017

Technicals for Gold Mining Stocks Remain Weak / Commodities / Gold and Silver Stocks 2017

By: Jordan_Roy_Byrne

Last week we wrote that precious metals should see upside follow through but to be wary of the 200-day moving averages and February highs before becoming excited. The metals did follow through as Gold gained 1.5% and Silver gained 1.9% (for the week) but the miners disappointed. GDX gained only 1.1% while GDXJ finished in the red as did junior silver companies (SILJ). As spring beckons, the gold stocks are showing relative and internal weakness.

Friday, March 24, 2017

Silver Mining Stock Fundamentals / Commodities / Gold and Silver Stocks 2017

By: Zeal_LLC

The silver miners’ stocks have had a roller-coaster ride of a year so far.  They surged, plunged, and then started surging again last week on a less-hawkish-than-expected Fed.  Such big volatility has spawned similar outsized swings in sentiment, distorting investors’ perceptions of major silver miners.  But their recently-reported fourth-quarter operating and financial results reveal the true underlying fundamental realities.

Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports.  Required by securities regulators, these quarterly results are exceedingly important for investors and speculators.  They offer a clear snapshot of what’s really going on fundamentally, in individual silver miners and this small sector as a whole.  There’s no silver-stock data I look forward to more.

Friday, March 24, 2017

This Single Model Explains Crude Oil Price Swings / Commodities / Crude Oil

By: John_Mauldin

BY JARED DILLIAN : One of the things we learned when oil collapsed a couple of years ago—something I’ve written about previously—was that there was a positive feedback loop embedded in declining oil prices.

Basic economic theory would tell you that as the price declines, so does oil supply. But the opposite turned out to be true. The rice went down, and people pumped more!

Thursday, March 23, 2017

Gold Prices See Seventh Day Of Gains After Terrorist Attack In London / Commodities / Gold and Silver 2017

By: GoldCore

– Gold prices higher seven days in row – best gains since Brexit
– Gold spikes to three week high after terrorist attack in London
– Global stocks fell yesterday after attack in London 
– Stocks resilient today and start day flat

Wednesday, March 22, 2017

Peak Gold – Biggest Gold Story Not Being Reported / Commodities / Gold and Silver 2017

By: GoldCore

– Peak gold – Biggest gold story not being reported
– Gold ‘Mining Zombie Apocalypse’ caused miners to slash exploration budgets
– Decline in gold production at world’s top 10 gold mining companies – Byron King
– “No new big mines being built in the world today” – Glencore CEO Glasenberg

Wednesday, March 22, 2017

An OPEC Oil Deal Extension Isn’t As Simple As It Sounds / Commodities / Crude Oil

By: OilPrice_Com

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. The deal--initially aired as ‘an agreement to agree on a deal’ in September and signed at the end of November—will likely impact the market for at least the next six months.

Wednesday, March 22, 2017

Potential Bottoming Patterns in Gold and Silver Precious Metals Stocks Complex... / Commodities / Gold and Silver Stocks 2017

By: Rambus_Chartology

There is a combo chart for the PM complex I've been following, on the short term 10 month daily look, which shows a potential H&S bottom forming. I put a neckline symmetry line on the charts to get a feel for where the low for the right shoulder may form. Some are fairly parallel to the neckline like GLD, SLV and the HUI with GDXJ and SIL being the most unparalleled. The CDNX is showing the most weakness as it probably has to do with some of the small cap energy companies.