Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, November 24, 2015
How 4,000 Roman Coins Found Buried in Swiss Orchard Reinforce Gold Ownership Today / Commodities / Gold and Silver 2015
“The coins’ excellent condition indicated that the owner systematically stashed them away shortly after they were made, the archaeologists said. For some reason that person had buried them shortly after 294 and never retrieved them. Some of the coins, made mainly of bronze but with a 5% silver content were buried in small leather pouches. The archaeologists said it was impossible to determine the original value of the money due to rampant inflation at the time, but said they would have been worth at least a year or two of wages.” – The Guardian/11-19-2015
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Tuesday, November 24, 2015
You Can’t Eat Gold or a Debt Sandwich / Commodities / Gold and Silver 2015
In one hand we hold gold, which is eternal, beautiful, and valuable everywhere.
In the other hand we are stuck with a debt sandwich. That sandwich is a massive slab of debt wedged between an impressive military war machine that spends money like water flowing over Niagara, and a huge welfare system that spends money even more rapidly. Included in the welfare system are Social Security pensions, Disability Income, Medicare, Medicaid, SNAP (food stamps), many more programs, and the salaries, bureaucracy and pensions to support them.
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Tuesday, November 24, 2015
Is Gold Price on the Verge of a Breakout? / Commodities / Gold and Silver 2015
Hasten slowly and ye shall soon arrive. - MilarepaIn August, we came out and openly stated in an article titled the Gold bull is dead that it was not the time to buy Gold. At that time, many analysts were calling for a bottom and much higher prices. We stated that there was a high probability that Gold would move lower before bottoming out. Fast forward and that outlook has come to pass.
So let’s see what picture fundamentals paint.
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Tuesday, November 24, 2015
Will JPM Dump Physical Silver Into the Next Price Rally? / Commodities / Gold and Silver 2015
The final question asked of Ted Butler in our recent Q&A was in response to his claim that JPM has amassed a huge hoard of silver over the last 4 years…. The question is, can they do this?Ted: Sure. If you own something, you can't tell somebody you can't sell it. Is it possible that J.P. Morgan could use the physical, (the four hundred million ounces that I allege that they've accumulated in the last four and a half years), to keep the price of silver depressed for as long as they could supply silver to the market at any price that they decided? Is it possible? Yes, of course it's possible.
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Tuesday, November 24, 2015
Silver Price, COT, US Dollar Updates and More / Commodities / Gold and Silver 2015
Silver cracked the $14 level in today's session but managed to recover prior to the close. Some of the recovery was aided by the retreat of the US Dollar away from the magical 100 level basis the USDX.
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Tuesday, November 24, 2015
Corn Commodity Price Popping Higher / Commodities / Agricultural Commodities
The corn price finally looks set to pop a lot higher so let's look at the short term action with the daily chart and then refresh ourselves of the long term outlook which remains unchanged.
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Monday, November 23, 2015
Trouble Is Brewing in the Paper Markets for Gold and Silver / Commodities / Gold and Silver 2015
Clint Siegner writes: Precious metals bulls question why metals prices keep falling in the face of what appears to be strong demand and great fundamental reasons for prices to move higher instead.
The bears have some answers of course. You can’t eat gold, it’s basically a pet rock, and modern financial systems are doing just fine without anything as antiquated as bullion gumming up the works.
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Monday, November 23, 2015
Crude Oil Swinging For The Fences - A 20 to 1 Option Play / Commodities / Options & Warrants
Over the last year oil, and commodities in general, have been much unloved. China and emerging market woes have created demand concerns while a mountain of supply side pressure has also been in play. This has seen oil prices fall from over $100 in early 2014 to hovering just above $40 now at the end of 2015. We believe that the rapid decline and extreme pessimism in the oil market could create a trading opportunity, and that this would be best harnessed by using options.
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Monday, November 23, 2015
US Dollar, CRB, Oil, Gas, Copper and Gold - The Chartology of Deflation / Commodities / Commodities Trading
About a month or so ago I started posting regularly on the possible inflection point I was seeing in regards to the deflationary trend that has been on going since 2011. As you know stocks move from a reversal or consolidation pattern in an impulse move which is much different than a sideways chopping action of a reversal or consolidation pattern. Impulse moves are the stored up energy that is released once a reversal or consolidation pattern is finished doing its job. About four weeks ago it looked like the most recent consolidation phase was coming to an end which would then leave the door opened to an impulse move.
At the first writing of the possible inflection point the US dollar was still trading within the confines of its possible bullish falling wedge which I viewed as a consolidation pattern to the upside. Shortly after that first post on the possible inflection point the US dollar broke out of its bullish falling wedge and is now approaching its previous high just above 100 or so. The US dollar is the key driver for this deflationary spiral that has been in place for over four years now with no light at the end of the tunnel for the commodities complex yet.
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Monday, November 23, 2015
Will Gold Price Drop Below $1000 Soon? / Commodities / Gold and Silver 2015
First of all I would like to say that last week was our best trading profit week ever since we began trading NUGT and DUST on August 19th of this year. Using e-wave, cycles, technical indicators and astrology, we were able to catch the bottom on GDX Wednesday around $13, expecting a move to cover the gap near $14.08 by Thursday or Friday (it tagged $14.06 on Thursday and on Friday $14.07). We then shorted the miners via DUST when GDX went above $14 a share. GDX ended Friday at $13.40.
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Monday, November 23, 2015
Gold and Silver Sector Big Green Light and Low Risk Entry Setup... / Commodities / Gold and Silver 2015
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Have the problems exposed by the financial crisis of 2008 been addressed and dealt with to any extent? - no they have not, they have been papered over by creating more debt and printing money, thus making the underlying problems much worse.
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Has debt shrunk since 2008? - no, it has exploded.
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Has the money supply contracted since 2008? - no, it has expanded massively.
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Has the derivatives pyramid been reduced in magnitude since 2008? - no it has continued to compound.
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Has the global economy grown sufficiently in the years since 2008 to more than cover the extra load imposed by the growth in the factors listed above? No, it has not, all it is has done is limp along, lamed by debt.
Sunday, November 22, 2015
Gold D-Wave / Commodities / Gold and Silver 2015
The D-wave came back down to test the previous consolidation zone.
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Sunday, November 22, 2015
Long Dollar Trade and Current Copper Price Below Cost of Production / Commodities / Copper
Sunday, November 22, 2015
Gold a Bargain in Real Terms / Commodities / Gold and Silver 2015
For those you who like to break things down to the fundamentals, this chart should serve as an eye-opener. Why? Because it tells us gold’s value in real terms when adjusted to depreciation in the purchasing power of the dollar. Secondly, it tells us where gold stands today with respect to past peaks in the price – once again in real terms – thus providing an indicator whether or not it is a good buy at current prices.
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Saturday, November 21, 2015
Gold And Silver - Value Of Knowing The Trend / Commodities / Gold and Silver 2015
Every once in a while, we reiterate the importance of knowing the trend, in fact, calling the trend the number one piece of information. From it, everything else follows, in terms of knowing in which direction to base trade decisions.
2014 and 2015 were viewed as turnaround years for gold and silver, with expectations that price would rally to new, never before seen prices. In a little over a month, 2015 ends and 2016 begins right after. It is possible that 2016 may bring more of the same: disappointing expectations for PMs performance. It is just a possibility, for no one knows for certain how the future will unfold. What we do know for certain is that in order for PMs to rally, they must first stop going down.
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Saturday, November 21, 2015
Bracing for Another Breakdown in Gold Miners GDXJ and GDX / Commodities / Gold and Silver Stocks 2015
The bear market in the gold miners has been one for the record books but it is not over yet. Last week we noted that precious metals were on the cusp of making new lows while the US$ index was very close to another key breakout. This scenario remains well in play and would certainly affect the gold mining sector, which over the past two weeks failed to rebound or build on any strength.
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Friday, November 20, 2015
GDX Gold Miners’ Strong Q3 Results / Commodities / Gold and Silver Stocks 2015
The beleaguered gold-mining sector continues to be plagued by monumental universal bearishness. Nearly everyone assumes the gold miners are doomed, that they can’t survive for long in a sub-$1200-gold environment. But this belief is totally wrong, a consequence of extreme fear’s fog of war. The gold miners’ underlying earnings fundamentals remain very strong, as evidenced by their recent Q3 results.
In all the stock markets, corporate profits ultimately drive stock prices. Because a stock simply represents a fractional stake in its underlying company’s future earnings stream, all stock prices eventually revert to some reasonable multiple of those profits. These earnings are truly the only fundamental driver of stock prices. All deviations from righteous valuations based on profits are just the temporary products of herd sentiment.
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Friday, November 20, 2015
Gold and the Reverse Goldfinger Effect / Commodities / Gold and Silver 2015
In 1964 Sean Connery starred in the movie “Goldfinger” in which the villain, a wealthy Brit named Goldfinger, attempted to revalue his personal gold hoard higher by a factor of 10. His plan was to detonate an atomic bomb inside Fort Knox making the US gold radioactive for hundreds of years. With the Fort Knox gold hoard, the largest in the world at that time, effectively unavailable the global price of gold would increase at least ten times from the 1964 price of approximately $35.00 per ounce. Bond, James Bond, thwarted the dastardly plot and saved the US gold, the US dollar, and the US government.
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Friday, November 20, 2015
Crude Oil Price - Where is it Headed? / Commodities / Crude Oil
All this talk and turmoil and noise and movement and desire is outside of the veil; within the veil is silence and calm and rest. ~ Bayazid Al-Bistami
On the 19th of this month, two articles were published at the same time, one stating that oil could go to $26 and the other stating that oil is ready to trade to $80. Which one is it going to be, $26 or $80 and how is the average Joe going to be able to discern which one is a depiction of what lies ahead. This is the problem with today's mass media, in their quest to attract eyeballs, bombastic and often conflicting articles are published simultaneously. One almost feels that most of the major sites have only one agenda, quantity over quality.
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Friday, November 20, 2015
Silver Prices and The Management of Perception / Commodities / Gold and Silver 2015
Silver prices and the management of perception economics, that's basically what MOPE stands for. I'm not sure if it was Jim Sinclair that coined that acronym. I think it was, but that's where I heard it for the first time.It's appropriate to have a subsection of propaganda for economics and finance, so this management of perception economics. It’s basically a system or an extension of generalized propaganda. You can also call it social engineering. You could call it a public relations campaign. In fact, public relations is just a PC term for propaganda. The specific type of propaganda that is associated with finance and economics is this management of perception economics.
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