Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, August 01, 2014
Gold Price Trend Like Watching Paint Dry... / Commodities / Gold and Silver 2014
That was how it felt watching all markets this week until yesterday when they sprang into life. Gold fell from $1304 at the London opening last Monday to a low point of $1281 yesterday, down 1.8% on the week, while silver fell from $20.60 to $20.35, down only 1.2%. These moves were relatively small compared with action elsewhere. Here are the charts showing price and open interest for gold and silver on Comex.
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Friday, August 01, 2014
Gold’s Seasonal Sweet Spot - Strongest Months Are August, September, November And January / Commodities / Gold and Silver 2014
Today’s AM fix was USD 1,284.50, EUR 959.16 and GBP 762.99 per ounce. Yesterday’s AM fix was USD 1,295.00, EUR 966.92 and GBP 767.36 per ounce.
Gold fell $14.60 or 1.13% yesterday to $1,282.10/oz and silver slipped $0.25 or 1.21% to $20.37/oz.
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Friday, August 01, 2014
Gold Price Advance Capped by the Dead Cat Dollar’s Recovery / Commodities / Gold and Silver 2014
Background
We are gold and silver bugs and as such we are aware of the myriad of factors that affect the price movements in the precious metals sector. Today we will take a quick look at just one of them; The US Dollar.
Friday, August 01, 2014
The Gold Owners’ Guide to the Rest of 2014 / Commodities / Gold and Silver 2014
Over the next few weeks, I will make a series of posts on the current state of affairs as they relate to the gold market. So stay tuned to this page. . . . .
Let me start the proceedings with this — a repast on the nature of the human predicament 2014. Below is a follow-up to Richard Russell’s stated concerns (scroll below) on the persistence of war and inflation in human affairs. I do not bring this line of thinking to your attention to disturb your comfort level, but to make you aware that there is more going on than the panoply of misdirection afforded us by the mainstream media. (Today’s somewhat mysterious 300 point + drop in the DJIA might be trying to tell us something. Stocks are now level for the year. Gold is up over 6.5%.)
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Friday, August 01, 2014
July 31 An Amusing Day For Overpriced Crude Oil / Commodities / Crude Oil
Suddenly There Is Ample Supply
Newswires and energy sites on the Internet desperately sought rational explanations of why oil could not only flirt with the “100 dollar benchmark” but (OMG!) fall well below it in just a few days of so-called “hectic trading”. We can now await the pro domo explanation from Goldman Sachs telling us this is only a “temporary downward blip”. Keep calm and carry on. The natural price is well above $100 a barrel.
Thursday, July 31, 2014
The Important Impact of This “Secret” Gold Agreement / Commodities / Gold and Silver 2014
Peter Krauth writes: The fourth iteration of the Central Bank Gold Agreement (CBGA) has just been signed.
Essentially, it’s a statement by Western Europe’s most powerful central banks about how much gold they’re willing to sell over the next five years.
Though done with no fanfare and barely any media coverage, its importance can’t be overstated.
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Thursday, July 31, 2014
How Safe Are Unallocated Gold Bullion Accounts? / Commodities / Gold and Silver 2014
Imagine you owned a small business. It’s a retail store and you sell a physical product which lines the shelves. You need to keep a variety of different products to ensure that customers who enter your store have plenty of choice. Not only do you have to stock a range of goods, but you have to keep a lot of each on hand as customers often purchase in bulk, due to fluctuating prices (they may buy large quantities when they believe it is well priced). As the store owner you have to hedge your exposure to the fluctuating price of the product you keep on hand to reduce the chance of getting caught on the wrong side of a price swing, this adds further complexity to managing your inventory.
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Thursday, July 31, 2014
Don't Get Married to Your Gold Stocks—It's a Performance-Based Relationship / Commodities / Gold and Silver Stocks 2014
Ralph Aldis, portfolio manager with U.S. Global Investors, is a well-respected mining analyst. His detailed knowledge of the companies in the U.S. Global Investors Gold and Precious Metals Fund and across the entire precious metals space has taken years of meticulous work and dedication to his craft. Aldis urges investors not to get married to their stocks, but in this interview with The Gold Report, he discusses lots of names that are good for a fling right now.
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Tuesday, July 29, 2014
Death of the U.S. Dollar? Gold an Inflation Hedge? Really? / Commodities / Gold and Silver 2014
Gary Tanashian writes: Take a look around the gold bull landscape and tell me how many of them are featuring a chart like this, showing the US dollar in a bullish short-term stance (to go with the weekly bullish stance we have noted for so long in the ‘Currencies’ segment).
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Tuesday, July 29, 2014
We’re Ready to Profit in the Coming Gold Price Correction—Are You? / Commodities / Gold and Silver 2014
By Laurynas Vegys
Sometimes I see an important economic or geopolitical event in screaming headlines and think: “That’s bullish for gold.” Or: “That’s bad news for copper.” But then metals prices move in the opposite direction from the one I was expecting. Doug Casey always tells us not to worry about the short-term fluctuations, but it’s still frustrating, and I find myself wondering why the price moved the way it did.
Tuesday, July 29, 2014
Silver Prices – Megaphone Patterns / Commodities / Gold and Silver 2014
President Nixon closed the “gold window” in August 1971. That decision enabled the exponential growth of debt, paper currencies, and prices. A few examples:
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Tuesday, July 29, 2014
Gold Still Looking Good / Commodities / Gold and Silver 2014
No sooner had gold taken a back seat to the soaring stock market, when it did an about face!
Tensions in the Middle East and Ukraine pushed gold up. The Fed then fueled the rise by again affirming a low interest rate policy. But a firmer dollar and better economic news then put downward pressure on the metals again.
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Tuesday, July 29, 2014
Silver Price Set To Star / Commodities / Gold and Silver 2014
With silver recently putting in a nice 10% plus rally, I thought it was time to follow up my last article on silver, Silver Set To Stun. It's been two months since that article so there is some new information to process. Let's get straight into it with the monthly chart.
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Monday, July 28, 2014
Gold Price and U.S. Dollar’s July Rally / Commodities / Gold and Silver 2014
Briefly: In our opinion (half) speculative short positions in gold, silver and mining stocks are now justified from the risk/reward perspective.
Gold and the rest of the precious metals market moved higher on Friday and the volume was not low. It was lower (for the GLD ETF) than what we had seen during Thursday’s decline, so there are some bearish implications. But are they really that important? Let’s take a closer look (charts courtesy of http://stockcharts.com).
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Monday, July 28, 2014
Inflation - Are Commodities Talking to Us? / Commodities / Agricultural Commodities
Markets often do talk to us, if only we would listen. Our ears serve as only part of listening. An open mind is also required. Regrettably, minds receptive to new thoughts and questions have been somewhat outmoded in the investment world for many years. Why else do so many seem to ignore what commodities are saying?
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Monday, July 28, 2014
Elliott Wave Gold Price Projection Since 1970 / Commodities / Gold and Silver 2014
The market movement unfolds in waves which reflects human nature that does not change. The Elliott Wave Principle is made of motive and corrective waves. Waves 1, 3 and 5 are impulse waves as they move with the trend, Waves 2 and 4 are corrective waves as they partially retrace the previous impulse move. A complete sequence is made of 8 waves: a 5-wave motive phase (1, 2, 3, 4, 5) and a basic 3-wave corrective phase (A, B, C).
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Monday, July 28, 2014
Has Crude Oil Price Recovery Ended? / Commodities / Crude Oil
Crude Oil rallied away from 98.64 which has been expected because of a completed five wave decline, but it seems that recovery has ended now, close to 61.8% retracement level after three waves up. Notice that crude oil also moved slightly beneath wave (b) swing which suggests a completed rally. Therefore, traders need to be aware of a bearish impulse and continuation back to 98.65.
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Monday, July 28, 2014
GDM and GDXJ Gold Stocks In-depth Look / Commodities / Gold and Silver Stocks 2014
In this Report I would like to show you an in-depth look at two important precious metals stock indexes, the GDM and GDXJ. The reason I want to show you these two PM stock indexes is because they correspond with the 3 X leveraged etf's, GDM for NUGT and the GDXJ for JUNG that we are currently trading. Last week seemed like the end of the world to a lot of the gold bugs as the PM complex had a decent sell off causing much pain for those holding on the long side. If you've been in the markets for any length of time you know there usually no gain without some pain. It just goes with the territory. We'll look at the very short term to the long term charts, looking for clues that may shed some light on the future direction for the precious metals complex, at least for the short to intermediate term horizons. Lets start with the 2 hour look at GDM that is showing a some what unconventional consolidation pattern, a six point Diamond.
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Sunday, July 27, 2014
Silver Price Rigging, Huge Week for News Coming / Commodities / Gold and Silver 2014
Gold and silver bounced back quite a bit from the bear raid earlier this week.
Things are so boring on the Comex I think they didn't bother to update the clearing reports or the warehouse data.
Deutsche Bank, Bank of Nova Scotia, and HSBC have been accused of manipulating the silver fix. Whitewash and/or wristslaps to follow. There is little justice, and no real reform. Like flies to wanton boys are we to the Banks.
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Sunday, July 27, 2014
Tapping Oil Pipelines for Profits / Commodities / Oil Companies
Oil and Energy Staff write: The first oil pipeline was a simple affair: lengths of 2 in. wrought iron pipe that ran five miles, from a Pennsylvania oilfield to a train station in Oil Creek.
But that pipeline, built by the Oil Transport Association in 1859, started a revolution. Oil pipelines have changed how and where oil is found, refined and sold, and have turned America into one of the world’s leading oil producers.
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