Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, June 03, 2014
When Will Gold Price Bottom? / Commodities / Gold and Silver 2014
Gold lost $46/oz. last week to close at $1,245.60 and, while it might not feel like it, gold is still up $43.70 for the year. My price forecasting model generates a target of 1,206 for this decline. Seasonally, gold tends to make a bottom of undetermined degree in the period from June to July.
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Tuesday, June 03, 2014
Russian Roulette – Derivative Style / Commodities / Derivatives
Russian Roulette: Put one bullet in the cylinder of a revolver, spin the cylinder, point the gun at YOUR head, and pull the trigger. Most revolvers have 6 chambers, so your odds of surviving are 5 in 6, IF you quit after pulling the trigger once.
Press your luck, spin the cylinder, point the gun, and pull the trigger again. It might be okay. Try for a third time?
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Tuesday, June 03, 2014
Gold and Wheat Commodity Futures Elliott Wave Analysis / Commodities / Commodities Trading
CPI in Euro zone came lower again which goes in favor of ECB reaction. I wanted to show you here one more option on GOLD in anticipation of a downside correction on US indices. We expect flat correction which means 5 waves down after 3-3 up. So same on GOLD is possible to the upside in attempt of investors to seek refuge from falling stock market. We need 5 waves up to confirm low signature.
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Tuesday, June 03, 2014
Gold and Silver Cap and Fear / Commodities / Gold and Silver 2014
There are some very significant events happening behind the scenes, even though the markets would seem to hide this with their sleepily accommodative nature to the status quo.
I thought Volcker's call for a new Bretton Woods agreement was significant, in a Chamberlain-like manner. Volcker is certainly out of power, riding the tide of events more than shaping them now. But he certainly still has insights into what is going on.
Tuesday, June 03, 2014
Canadian Law Makes It Cheaper To Prevent Oil Sands Leaks Than Clean Them Up / Commodities / Crude Oil
As the Canadian government pushes a new law rendering pipeline companies liable for all damages from leaks and spills, the only friend to both sides in this polarized world of dirty oil sands is leak prevention technology.On May 14, amid heightened opposition to two planned pipelines, Canada's Natural Resources Ministry unveiled a new law making pipeline operators liable for all the costs and damages related to oil spills, regardless of whether the operators were at fault or demonstrated negligence.
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Tuesday, June 03, 2014
Gold Price Slipping Again While Silver Sees Further Risk / Commodities / Gold and Silver 2014
Gold: Slipping again
Gold Spot price (GOLDS-1,249.73, see Figure 28) retained a tight trading range through April and May, allowing speculation as to resolution. We have been neutral awaiting technical evidence of a directional move which has now taken place to the downside, breaking the lower band of the tight trading range and failing under the 2012 downtrend again.
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Monday, June 02, 2014
Gold Mining and Environment—Facts vs. Myths / Commodities / Gold and Silver Stocks 2014
By Laurynas Vegys, Research Analyst
“I would NEVER invest in a mining company—they destroy land, pollute our water and air, and wreck the habitat of plants and animals.”
These were the points made to me by a woman at a social gathering after I told her what I do for living. She prided herself on her moral high ground and looked upon me with obvious disdain. It was clear that as a mining researcher, I was partly responsible for destroying the environment.
Monday, June 02, 2014
Crude Oil Price for the Bulls or Bears? / Commodities / Crude Oil
On Friday, crude oil lost 0.61% as disappointing U.S. economic data and profit taking weighted on the price. Thanks to these circumstances, light crude declined below $103, approaching its first downside target. What’s next?
On Friday, the data showed that the Thomson Reuters/University of Michigan consumer sentiment index ticked up to 81.9, disappointing analytics expectations for a reading of 82.5. Additionally, the Commerce Department reported that personal spending in the U.S. dropped 0.1% last month, also below expectations for a 0.2% rise, while U.S. core personal consumption expenditures (without food and energy) rose 0.2% in April, in line with expectations. These disappointing data fueled worries that demand in the largest oil-consuming nation wouldn't be strong enough to reduce high supplies.
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Monday, June 02, 2014
Gold Price Short-Term Bottom Coming Due / Commodities / Gold and Silver 2014
In light of the recent developments in the Gold market, I wanted to post an article on the current cyclic configuration - and what we can expect in the very near future. Since my prior article back in December of last year, we have seen the expected larger countertrend rally with the combination of the 72 and 154-day cycles, which were able to take the metal up to a mid-March peak of 1392.80. The chart below shows the larger 154-day component, which is seen as heading lower into the month of August, which is plus or minus a month in either direction:
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Monday, June 02, 2014
Axel Merk - Why I launched OUNZ, the deliverable Gold ETF / Commodities / Gold and Silver 2014
InvestmentNews calls it "the gold bug's dream ETF" -- well, gold bugs come in various shades of gold, and some of them may be difficult to please. I had the more modest goal of bringing to market a physical gold ETF that addresses some of the perceived shortcomings of other ways of investing in gold. I'll share some of the amazing journey behind the new Merk Gold Trust, a gold ETF that allows investors to take physical delivery of the gold represented by their shares, recently launched on the NYSE.
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Monday, June 02, 2014
Gold Ratio Charts are Speaking...Are You Listening? / Commodities / Gold and Silver 2014
In this report I would like to compare gold to some of the more important markets to get a feel for the bigger picture that seems to be shaping up or gold. During gold's bull market years it generally was stronger than most areas of the markets but since the 2011 high that has changed significantly. Gold has been under performing just about everything to a certain degree. The picture I'm going to try and convey to you is gold still has a lot of work to do on the downside before it can put in a long term low. We can see short to intermediate term rallies at anytime but to get a bear market bottom gold is going to have to start showing some strength compared to a lot of areas in the markets.
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Saturday, May 31, 2014
Gold And Silver - Debt Is Trouncing Precious Metals, For Now / Commodities / Gold and Silver 2014
Animal Farm and 1984, meet 2014. The Western world no longer makes any sense, and common sense has been sidelined for decades. It is lies, deceit, and debt ruling supreme. The "American Way" [which once was a standard for emulation] is now a source of embarrassment, advanced by the bankrupt federal government doing the bidding of the moneychangers, those who adhere to and hide behind the Rothschild formula. What is that formula? It has been expressed here on several occasions:
Give me control of a nation's money, and I care not who makes the laws." ~ Mayer Amschel Rothschild.
Saturday, May 31, 2014
Gold and Silver - Why The State Might Prefer a Purely Digital Form of Fiat Money / Commodities / Gold and Silver 2014
"This place is like somebody's memory of a town, and the memory is fading.
It's like there was never anything here but jungle." - Rust Cohle, True Detective
Gold and silver took it on the chin for this week, as we welcome the active month of June. Read full article... Read full article...
Friday, May 30, 2014
Gold and Silver Price Moving Closer to Bottom / Commodities / Gold and Silver 2014
Though precious metals are rallying on the day we penn this, we expect more downside before a final bottom or at least before we'll exit hedges and begin buying. Since the hard reversal in March we've had the view that precious metals would decline and the miners could retest their December lows. We've held firm on this belief in recent weeks and wrote that a May decline could setup a June buying opportunity. Our analysis leads us to believe we are almost there but not quite yet. A little bit more patience is required.
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Friday, May 30, 2014
Crucial Days Ahead for Bitcoin / Commodities / Bitcoin
To the point: we don’t support any short-term position in the Bitcoin market.
Amazon has been granted a patent which mentions the possible use of Bitcoin by the company, CoinDesk reported yesterday. Bitcoin and other cryptocurrencies could be used by Amazon Web Services, Amazon’s cloud computing platform, to accept payments.
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Friday, May 30, 2014
Top Mexican Mid-Tier Gold Stocks / Commodities / Gold and Silver Stocks 2014
Mexico has been a popular destination for mining companies seeking out their fortunes amidst gold’s secular bull market. And considering the huge lack of modern exploration across its rich precious-metals belts, some of the first movers like Alamos Gold have found smashing success.
Since 2003 Mexico’s gold production has increased by a whopping 390%. This equates to a 2.5m+ ounce increase in annual output, which has vaulted this country to #8 in the global ranks. Alamos Gold’s Mulatos mine has been a big contributor to this growth, with 1.2m+ ounces produced since 2005. And with total resources remaining of 4.9m ounces, it still has a long life ahead of it.
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Friday, May 30, 2014
Gold Price in a Fix / Commodities / Gold and Silver 2014
Last week the UK’s Financial Conduct Authority fined Barclays for rigging the gold price at a gold fix for the disadvantage of a customer and the benefit of the bank’s book. This news could not come at a worse time for the London Bullion Market and the London Gold Market Fixing Limited, the company directly responsible for the twice-daily fix. It may well lead to the end of the gold fix, the silver fix already being axed in August.Read full article... Read full article...
Friday, May 30, 2014
HUI Gold Bugs Low Imminent / Commodities / Gold and Silver Stocks 2014
With the gold price recently embarking on its next move down, I thought it would be a timely opportunity to investigate the AMEX HUI Gold Bugs Index and see if anything can be gleaned from is chart.
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Thursday, May 29, 2014
The Elephant Wearing a Silver Necklace / Commodities / Gold and Silver 2014
It's no secret that demand for the U.S. Mint silver eagles coin has been unprecedented. It is a walk back through memory lane following the 1986 confirmation of the growing (exponential) popularity of the legal tender coin program.Many are left these days scratching their heads about who is buying all these coins. Retail demand seems soft at best, with stable coin premiums relative to times of relative shortage.
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Thursday, May 29, 2014
Ukraine: The Real Energy Crisis Starts in June / Commodities / Ukraine Civil War
Kiev is feeling emboldened by the successful election of a new Ukrainian president and a bloody surge against separatists in the east, but in just a few days, Russia says it will twist the gas spigot, and there's very little Kiev can do to stop that.On June 3, Russia plans to reduce the gas supply to Ukraine — and hence, to Europe — if Kiev has failed to pay in advance for next month's gas deliveries, the price for which has been doubled as a result of the political crisis.
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