Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Thursday, July 25, 2013
Gold GLD ETF Reverses as TLT Breaks Down / Commodities / Gold and Silver 2013
By: Anthony_Cherniawski
GLD briefly slipped above its 50-day moving average yesterday, but could not hold it as support. Today is day 26 of the new Master Cycle. The reversal in a minute Wave [iv] makes it extremely left-translated and bearish for several more months.
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Wednesday, July 24, 2013
Silver and Crude Oil Interesting Parallels / Commodities / Gold and Silver 2013
By: DeviantInvestor
Crude
Crude Oil bottomed (weekly data) about 12/25/1998 at $10.75. It rose erratically for several years, hit another low on 8/24/2007 at $68.70, and then rallied dramatically to an all-time high of $147.20 on 7/11/2008. Subsequently, crude collapsed to $35.35 on 12/26/2008.
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Wednesday, July 24, 2013
Did Gold Start to Respond to the U.S. Dollar Price Moves? / Commodities / Gold and Silver 2013
By: P_Radomski_CFA
Yesterday, gold climbed up to over $1,347 per ounce after the U.S. dollar slipped against other currencies. The American currency dropped to a one-month low slightly below 82 after extending a broad decline for a third session. Investors are probably wondering if it will drop any further.
The recent price action suggests that market players are still long the dollar, which could weigh on the greenback, said Hiroshi Maeba, head of FX trading Japan for UBS in Tokyo.
What if he is right? Will the buyers manage to push the USD Index higher? What impact could such action have on the gold’s chart? Could it trigger a correction?
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Wednesday, July 24, 2013
Gold Price Slips But Up 13 Days Running on "Stop-Loss Fiesta" / Commodities / Gold and Silver 2013
By: Adrian_Ash
The PRICE OF GOLD fell $10 per ounce from a new 5-week high in London on Wednesday morning, but stood higher for the 13th session running amid what one trading desk called "a stop-loss fiesta".
"There [is] still a lot of short positioning to unwind," says a note from finance and refining group MKS in Geneva, "with very little seen in terms of any pullbacks."
Wednesday, July 24, 2013
China Demand Not Behind Commodities Boom? / Commodities / Commodities Trading
By: Frank_Holmes
There’s no denying China’s massive economic growth over the past decade, as the country recorded an average GDP of more than 10 percent per year. In only seven years, China’s economy doubled; in 13 years, it tripled.
With this incredible expansion, China began to import commodities at an incredible pace. In 2000, the country imported only 70 million tons of iron ore; today, it’s more than 10 times that amount, at 763 million tons. Copper imports increased dramatically too, growing from 1.6 million tons in 2000 to more than 4 million tons per year today, according to BCA Research data.
Tuesday, July 23, 2013
Gold - 'Never Mind', Quantitative Easing Is A Time Bomb / Commodities / Gold and Silver Stocks 2013
By: Submissions
John Ing writes: "Never mind" was how Gilda Radner's character, Emily Litella ended her rants on Saturday Night Live. Ben Bernanke should have said "never mind" after threatening the Fed might take the punch bowl away. Within days, following a panic in the markets he later recanted fearing that the hangover could be worse. The threat of the end of easy money was enough to knock a third off the gold price including a collapse of $150 in only two trading days in April. The prospect of higher rates caused big losses just after the Dow and Standard & Poors reached new highs. While the Fed's addiction to cheap money eased some of the pain from the financial crises, surprisingly not enough money was printed to sustain global growth. Instead trillions flowed into riskier investments inflating a string of asset bubbles in the financial world, destabilizing normalized markets as investors chased stocks and bonds in the search for higher returns.
Tuesday, July 23, 2013
Gold Price Now Heavy After Historically Strong 1-Month Rally / Commodities / Gold and Silver 2013
By: Adrian_Ash
The PRICE OF GOLD eased back to $1330 per ounce Tuesday morning in London, dropping 0.7% from yesterday's 5-week highs as commodities slipped with major government bond prices.
Asian stock markets rose as the Japanese Yen edged lower. European stocks and US equity futures crept 0.2% higher.
"We believe there is a strong element of short covering behind the recent buying in gold," says one broker's note, pointing to the record-large number of bearish bets held by speculative traders in gold futures.
Tuesday, July 23, 2013
Gold Surges As COMEX Default May Send Gold Price Over $3,500 / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,326.75, EUR 1,007.10 and GBP 864.84 per ounce.
Yesterday’s AM fix was USD 1,313.75, EUR 998.21 and GBP 859.22 per ounce.
Gold climbed $39.30 or 3.04% yesterday and closed at $1,333.70/oz.
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Tuesday, July 23, 2013
Gold in a (Un)Tapered World / Commodities / Gold and Silver 2013
By: Axel_Merk
Gold is up, even getting a positive mention in Barron's. Is it Japan's election or the tapering of the taper talk that's driving gold higher of late? Is this a bounce or the beginning of a new major uptrend in gold? Read full article... Read full article...
Tuesday, July 23, 2013
Separating Junior Gold Stocks Winners From Loser / Commodities / Gold and Silver Stocks 2013
By: The_Gold_Report
Gold juniors need to get back to the basics, says Eric Coffin, and it is going to take large discoveries to get the market excited again. In this interview with The Gold Report, the publisher of Hard Rock Analyst explains how the new economics of gold production require investors to concentrate on companies with three specific qualities, and names companies and the regions that could generate breakout projects.
The Gold Report: Federal Reserve Chairman Ben Bernanke indicated last month that the Fed would begin to taper quantitative easing in September. The equity markets responded quite negatively to this. In the wake of this response, do you think the Fed is committed to this new policy?
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Tuesday, July 23, 2013
Gold Stocks Sector: A Small Fish in a Big Pond / Commodities / Gold and Silver Stocks 2013
By: Casey_Research
By Andrey Dashkov, Research Analyst:
Earlier in July, Jeff Clark showed in his article A Rare Anomaly in the Gold Market that the gold sector is dramatically undervalued based on its price-to-book ratio. In this article, I would like to expand on his analysis and provide some additional context.
Tuesday, July 23, 2013
Best Days for Gold Still Ahead / Commodities / Gold and Silver 2013
By: Michael_Pento
The prevailing mantra on Wall Street is that gold's bull market is now over and it's time to bury precious metals as an investment theme for the indefinite future. Their rational is based on the belief that many investors held misguided fears during the credit crisis about a breakout of massive inflation and economic chaos, which drove gold to nearly $2,000 per ounce. Of course, (the perma-bulls claim) those worries have now completely failed to materialize and will never be a genuine risk in the future.
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Tuesday, July 23, 2013
World's Next Major Crude Oil Find in Mineral Rich Australia? / Commodities / Crude Oil
By: OilPrice_Com
Australia's massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely.
The U.S. government's Energy Information Administration noted in its country's analysis for Australia, "Australia, rich in hydrocarbons and uranium, was the world's second largest coal exporter in 2011 and the third largest liquefied natural gas (LNG) exporter in 2012. Australia is rich in commodities, including fossil fuel and uranium reserves, and is one of the few countries belonging to the Organization for Economic Cooperation and Development (OECD) that is a significant net hydrocarbon exporter, exporting over 70 percent of its total energy production according to government sources. Australia was the world's second largest coal exporter based on weight in 2011 and the third largest exporter of liquefied natural gas (LNG) in 2012."
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Monday, July 22, 2013
A Closer Look at Developing Gold Price Bottom / Commodities / Gold and Silver 2013
By: Jesse
"The banks have essentially been told by the Federal Reserve they're allowed a certain number of sins. Just not as many as there used to be." Brad Hintz, Sanford and Bernstein
Here is a closer look at the gold bottom that everyone and their brother was rushing to call last week, so they could claim prescience.
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Monday, July 22, 2013
Gold Jump Pulls Mining Stocks Higher as Asian Dealers Fear Summer Shortage / Commodities / Gold and Silver 2013
By: Adrian_Ash
The WHOLESALE price of gold leapt in thin Asian trade Monday morning, jumping 1.7% inside half-a-minute and then extending its run in London to new 1-month highs at $1322 per ounce.
London-listed gold equities followed, with shares in Randgold Resources – tipped today by analysts at both J.P.Morgan and Morgan Stanley as better able to cut costs and avoid write-downs than competitors – rose 2.5%.
Monday, July 22, 2013
Gold Derivative Distortions Perfect Storm / Commodities / Gold and Silver 2013
By: Alasdair_Macleod
The purpose of this article is to explain how derivatives have distorted gold prices with particular reference to the US futures markets. This will enable us to anticipate the price effect when the distortion is eventually unwound.
When a derivative is created it diverts supply and demand from the underlying commodity. If it is then hedged into the underlying commodity the price effect is the same as if it was a simple commodity transaction. Enter the “honest speculator”, who is neither producer nor consumer, but seeks to profit by trading derivatives for profit, without an intention of taking delivery. The speculator who does not roll his positions into subsequent future contracts brings forward demand or supply only to reverse the price effect later in the life of the contract. In this case speculators provide liquidity with no lasting price distortions.
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Saturday, July 20, 2013
President Obama Could Give Middle Class a Bailout with Oil SPR Release / Commodities / Crude Oil
By: EconMatters
QE Fueled Market Mania
It was another crazy day of speculation in the gasoline and oil markets, typical of the QE fueled shenanigans that happen every day for the last month in equities and oil. Speculators ran WTI up to $109 a barrel, and the RBOB contract up as high as $3.16 a gallon on Friday. So expect prices at the pump to continue to rise due to wild, rampant speculation in the futures market.
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Saturday, July 20, 2013
Gold And Silver – When Precious Metals Bottom Is Irrelevant To Your Financial Health / Commodities / Gold and Silver 2013
By: Michael_Noonan
As ardent as Precious Metals, [PMs], buyers are, a good many of them do not comprehend
their importance. Everyone agrees they are resoundingly better than any fiat currency, as
history has amply proven. However, few consider the why PMs are so anathema for all
central bankers.
There was a time in this country when gold and silver were the coin of the realm. Actually, they still are! The Coinage Act of 1792 has never been repealed, and that means, by law, gold and silver are, [read section 20], the current money of account of the United States. There is a very potent message within that Act, and like we said last week, Knowledge is not of value, using it is.
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Saturday, July 20, 2013
Strong Contrarian Buy Signal on Gold Stocks / Commodities / Gold and Silver 2013
By: Jordan_Roy_Byrne
Contrarian thinking is easy but successful contrarian investing is difficult. Most amateur contrarians neglect that the crowd is right most of the time. It’s only at market turning points where the crowd is wrong and contrarians are right. In recent weeks the voices against precious metals have not only appeared but grown. Weeks ago we debunked a rant of a widely followed mainstream blogger and commentator. He was ranting against the gold stocks and his rant was devoid of any analysis or actionable information. Meanwhile, more mainstream calls to sell gold stocks have popped up and during what likely will be exactly the most inopportune time to sell.
Saturday, July 20, 2013
Gold vs Savings - Ben Bernanke vs. Rothschild's Obscure Clerk / Commodities / Gold and Silver 2013
By: Adrian_Ash
Does the Fed chairman really not understand what drives savers to gold...?
BEN BERNANKE, today's most powerful banker, said this week that nobody really understands gold prices, including himself. Victorian Europe's richest man, and bullion broker to the Bank of England, N.M.Rothschild at least took the trouble to check.
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