Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Monday, November 16, 2015
Undeniable Truths about Precious Metals (Don't Forget These...) / Commodities / Gold and Silver 2015
By: MoneyMetals
Clint Siegner writes: From first to worst. Gold and silver were the best assets to own during the first decade of this century. During this second decade... not so much. Precious metals bulls have endured 4 years of prices drifting lower punctuated by periodic smash-downs and the occasional false-breakout.
What really gets the goat of gold and silver investors is that, throughout this time, there have been very good fundamental reasons to own metals. Somehow those fundamentals never show up in the price. The price action in recent years is enough to make bulls question reality.
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Monday, November 16, 2015
Gold Remains “Best Insurance For A Crisis” – Ficenec / Commodities / Gold and Silver 2015
By: GoldCore
- “Future is uncertain and gold is the most effective insurance against that”
– As fears grow about outlook for global economy – long term attraction of gold remains
– As “central banks race to devalue currency,” private individuals are buying record amounts of gold
– “Gold is simply the best insurance against inflation, or deflation”
Editor’s Note: The tragic events in Paris, terrorism and war throughout the world, show geopolitical risk remains high. These risks will likely impact economies and financial markets and will see continuing safe haven demand for gold.
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Monday, November 16, 2015
Why Gold Prices Could Bounce This Week / Commodities / Gold and Silver 2015
By: Bob_Kirtley
Since the last US employment release and comments from Yellen suggesting a December hike is likely, gold has struggled to maintain its downward momentum. Whilst we believe that the Fed will increase rates in December and gold prices will move lower over the medium term, there is a strong case for a bounce in gold prices in the short term. Technically gold is oversold and holding support at $1080. This is too low relative to market pricing for a Fed hike and should find support from weaker US data since NFP, lower stocks, lower oil as well as a safe haven bid from any escalation of issues related to ISIS and recent tragic events in Paris.
Saturday, November 14, 2015
Silver Prices and The Fed Meetings / Commodities / Gold and Silver 2015
By: Dr_Jeff_Lewis
Hey guys it's Jeff here, stay right there, we are live, I'm really excited once again for two reasons: Number 1, I get to use this unique technology. When it works, it gives us the ability to create an immediate live replay or an encore replay, a transcript and also an audio version of this. The second reason why I'm excited is that we are continuing, this is our 7th episode in the series where we're covering what really determines the price of silver, the electronic price discovery versus the fundamental reality and during this time we've actually seen a complete turn of this cycle, this pattern, or this trading relationship between the big commercial banks and the managed money traders.Read full article... Read full article...
Saturday, November 14, 2015
Gold And Silver Sellers Remain In Control / Commodities / Gold and Silver 2015
By: Michael_Noonan
This week, we are ending our commentary portion, probably until January due to a pressing time commitment for the next several weeks. Starting from next week, we will post charts and chart comments only on this site. If you are not a subscriber and still want to read the chart comments, you will have to subscribe in order to follow the updates.
This is not an effort to increase subscribers, rather, it is the only viable way because the sites to which our articles are submitted prefer some accompanying commentary, in addition to the charts. We do not use subscriber e-mails for any purpose other than submitting our commentaries directly to them. Subscriber privacy is respected. Besides, from our point of view, the charts tell the most compelling story.
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Saturday, November 14, 2015
US$ Breakout Could Unleash Capitulation in Gold and Silver / Commodities / Gold and Silver 2015
By: Jordan_Roy_Byrne
Last Friday we wrote that precious metals were very oversold and due for a bounce or a pause. We also argued that the overall prognosis remained very bearish. The technicals argue for more downside and sentiment indicators remain far from bearish extremes. The strength in the US$ index is another reason precious metals should remain under pressure. If the US$ index makes a strong break above 100 it could trigger a final wave of liquidation in Gold and Silver.
Saturday, November 14, 2015
Gold Mining Stocks May Be The Buy Of The Century / Commodities / Gold and Silver Stocks 2015
By: Jeff_Berwick
The Dow Jones has been falling all week and continues lower today on this Friday the 13th.
Saturday, November 14, 2015
Do Credit Spreads Move the Gold Price? / Commodities / Gold and Silver 2015
By: Arkadiusz_Sieron
Although the bond prices do not drive the price of gold, the spreads between prices of bonds or yields - the different sides of one coin - with different risk level may be an important factor for the gold market. Why? Credit spread is a spread between two securities that are almost identical, except for quality rating. Because Treasuries are considered practically risk-free, they constitute a benchmark to which other bonds are compared. Thus, credit spread usually shows a spread between Treasury securities and identical (except rating) non-Treasuries. In other words, credit spread indicates the risk premium for investing in one (risky) security over another (considered to have almost no risk).
Friday, November 13, 2015
Absurd Gold Stock Levels / Commodities / Gold and Silver Stocks 2015
By: Zeal_LLC
Gold stocks have suffered heavy collateral damage following the Federal Reserve’s hawkish surprise late last month, which ignited enormous gold-futures selling by American speculators. This devastated sector has been battered back down near last summer’s deep secular lows. But these gold-stock price levels are fundamentally absurd, the product of extreme and irrational sentiment that can’t persist for long.
Today’s gold-stock price levels are the greatest fundamental disconnect in the entire stock markets, an epic opportunity for contrarian investors and speculators! The entire gold-mining industry is trading as if the price of gold, the overwhelmingly-dominant driver of its profits, was just a small fraction of prevailing levels. Gold stocks are radically underpriced fundamentally based on their current and future earnings power.
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Friday, November 13, 2015
The “Bloodbath” in Canada Is Far From Over / Commodities / Canada
By: Casey_Research
By Justin Spittler
The oil price crash continues to claim victims…and many of them are in Canada.
The price of oil hovered around $100 for most of last summer. Today, it’s trading for less than $45.
Weak oil prices have pummeled huge oil companies. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which tracks the performance of major U.S. oil producers, has declined 36% over the past year. The Market Vectors Oil Services ETF (OIH), which tracks U.S. oil services companies, has declined 30% since last November.
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Friday, November 13, 2015
Russia Sees Gold Reserves As “Additional Financial Cushion” In Face Of “External Uncertainties” / Commodities / Gold and Silver 2015
By: GoldCore
- Gold and FX reserves are “additional financial cushion” for state in face of “external uncertainties”
– Russia bought another 77 tonnes of gold in Q3
– Ruble volatility does not create risks for financial stability in Russia
– Russia intends building fx and gold reserves to $500 billion in coming years
– Gold is a “100% guarantee from legal and political risks”
Friday, November 13, 2015
Crude Oil and Gold Daily Cycles / Commodities / Commodities Trading
By: Gary_Savage
Oil has confirmed a failed daily cycle. That's not good news and probably means the 3 year cycle low will now get stretched out to early spring.
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Thursday, November 12, 2015
Copper Monthly, Aussie Jobs Soar, but Capex far from Done / Commodities / Copper
By: Ashraf_Laidi
It's not the first time an Australian jobs report shows employment growth rise five times more than expected. Whether it will be revised downwards or not, it is undoubtedly reflecting partial strength in the nation's labour market. Australia added a net 58.8K jobs in September; over four times expectations, the highest increase in 3 ½ years and the 3rd biggest jump over the last 15 years. Remarkably, 40K of the 58.8K increase emerged from full time jobs, while only 18.6K was from part time employment. The 231.7K increase jobs in the first 10 months of the year showed the its biggest annual gain since 2010.
Wednesday, November 11, 2015
Silver Price Slide in Early Phase / Commodities / Gold and Silver 2015
By: AnyOption
Commodity deflation has left no stone unturned and precious metals have not come away unscathed. Although promising as a store of value, recent moves by the Federal Reserve have seen some uncertainty surrounding Central Bank decision-making abate. Confidence in a December rate hike is high following a blockbuster jobs report that saw nonfarm payrolls surge to the highest level since December of 2014. Although current Fed Funds futures are rising towards the 70% threshold for liftoff at the mid-December FOMC meeting, the pressure is on for precious metals. A weak consumer inflationary dynamic combined with far-reaching commodity deflation is seeing investors abandon haven assets in favor of yield.Read full article... Read full article...
Wednesday, November 11, 2015
Rejecting the Keystone Pipeline / Commodities / Crude Oil
By: OilPrice_Com
All thinking and rational students of economics and political policy should take note of the triumphed message sent out by the CREDO Action progressive group. The strategy to organize a massive civil disobedience confrontation has been absent from the public square for far too long. However, when the cause is so ill founded and based upon foolish economic realities, the protesting activists need to rethink their falsely placed suppositions.
Wednesday, November 11, 2015
Is There a Bright Spot in Energy Commodities? / Commodities / Energy Resources
By: The_Energy_Report
Demand for commodities is in the doldrums, but the fundamentals of uranium and lithium are favorable when compared with other materials, says Paul Renken, mining analyst for VSA Capital Ltd. In this interview with The Energy Report, Renken notes that rising demand for batteries will soon exert pressure on lithium production capacity and that well-placed uranium juniors are in position to meet demand from nuclear power plants now in development. Investors must be patient, but diligent selection will be rewarded.
Tuesday, November 10, 2015
Gold, Stocks and the Elect a President Cycle Silly Season / Commodities / Gold and Silver 2015
By: DeviantInvestor
The Silly Season – the Elect a President Cycle – is upon us. We pretend the candidates matter and care about the American public and their values, we pretend the election is important, and we forget that the outcome is heavily influenced and/or controlled by Wall Street and the Military.
Hillary Clinton: “What difference does it make?”
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Tuesday, November 10, 2015
Political Climate Shifting Against The Oil And Gas Industry / Commodities / Crude Oil
By: OilPrice_Com
Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more "above ground" problems at a time that they can ill-afford it.Read full article... Read full article...
Tuesday, November 10, 2015
One of America’s Largest Online Retailers Is Stockpiling Gold and Silver Coins to Pay Employees In Coming Crisis / Commodities / Gold and Silver 2015
By: GoldCore
One of America’s largest companies is preparing for problems in the banking and financial system and another financial crisis.
Online retail giant Overstock.com (OSTK), publicly stated that the company has stockpiled gold and silver coins in preparation for another U.S. financial crisis. Patrick Byrne, its founder and chief executive, is a libertarian who champions crypto currencies, bitcoin and gold and silver bullion as financial insurance against risk in the financial and monetary system.
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Tuesday, November 10, 2015
Plunger’s Gold Bottom Watch / Commodities / Gold and Silver 2015
By: Plunger
That’s where it appears we are now, the final drive to the bottom. Rambus’ weekend charts still show how bearish the PM charts are and it will take a lot of work to turn them around and get them pointed back up, Having said that I see the initial components we should expect to see of a bottom and turn entering into the picture. Call these pathway elements as they come before the bottom and take a bit of time to have their effect of bringing about the turn. First off what will propel the next bull leg in the PM stocks is the investment case for metal stocks. That is primary defined by the real price of gold and input costs into mines, That has been improving for over one year now. Mainly driven by the oil price, which imputes itself into all costs of a mining operation. Cheaper oil impacts not just extraction cost but costs of materials, explosives, those big expensive truck tires etc. Plus communities and governments are warming up to mining projects. Ecuador is a case in point, since oil revenue is down they need taxes from other sources and the mining sector is becoming favored again. Here is a view of the gold/oil relationship, note how the trend (30 EMA) is higher.