Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Tuesday, January 16, 2018

Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver” / Commodities / Gold and Silver 2018

By: GoldCore

– JP Morgan continues to accumulate the biggest stockpile of physical silver in history
– “JPM now holds more than 133m oz -more than was held by the Hunt Bros” – Butler
– Silver hoard owned by JPM has increased from Zero ozs in 2011 to 120m ozs today
– Money managers showing more optimism towards silver through record buying
– “Near impossible to rule out an upside price surprise at any moment”

Tuesday, January 16, 2018

One Big, Potential Catalyst for Gold in 2018 / Commodities / Gold and Silver Stocks 2018

By: Jordan_Roy_Byrne

The rebound in the precious metals sector continues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocks led by the HUI Gold Bugs Index and GDX also made a new high with juniors and Silver right behind. The greatest traders say the move comes first and then the reason later. When it comes to Gold we are always analyzing the reason behind the moves so we can distinguish between reactions and reflex moves and those moves that are part of a real bull market. The market may be starting to sniff out a potential big catalyst for Gold that could drive its breakout in 2018.

Sunday, January 14, 2018

Is This The Long-Awaited Gold Break-Out – Or Just Another Paper Market Head Fake? / Commodities / Gold and Silver 2018

By: John_Rubino

That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride.

Saturday, January 13, 2018

Gold Miners’ Status Updated / Commodities / Gold and Silver 2018

By: Gary_Tanashian

After a positive year-end with the expected precious metals rally we noted on Dec. 31, in NFTRH 480:

“With HUI dwelling just under the 195 resistance parameter, a pullback can come at any time. But there are enough other factors still in line to expect a resumed rally after any grind at resistance comes into play.”

and then on Jan. 7, in NFTRH 481:

“What HUI actually did was immediately push up into the 195-200 resistance zone, become overbought and hang around there all week in consolidation. Here is the noisy daily chart once again. Let’s focus on how the most recent RSI oversold condition in December did indeed spring a tradable rally. As chartists saw the October/November shelf of support break down and then the July lows breached the call was ‘BEARISH!’ far and wide. Shorts were taken on the say so of people who know how to look laterally and see one thing lower than the other thing.

Saturday, January 13, 2018

Gold And Silver – Review of Annual, Qrtly, Monthly, Weekly Charts. Reality v Sentiment / Commodities / Gold and Silver 2018

By: Michael_Noonan

Usually we have a commentary of some kind as a back story to what is going on in the PMs. Our commentaries have become fewer and farther between because of the absurdity of government control, which in turn is controlled by the ruling elite. Not a day goes by that the president elect, Donald Trump, is not severely criticized by mainstream media, both televised and in print. We have never seen this kind of maltreatment toward a president, ever. It is the Deep State exposing its ugly tentacles to keep Trump from gaining any traction in popularity, and it speaks to the bitter disappoint that Deep State favorite, and one upon whom they could depend, Hillary Clinton lost.

Sadly, Trump has been overwhelmed by the shadow powers and turned into yet another presidential puppet that will disappoint perhaps even more than turncoat Obama. Many of Trump’s promises of reform have been cast aside in favor of bowing to the dictates of the ruling elites. the swamp creature have survived the draining attempt and are back stronger than ever.

Saturday, January 13, 2018

Gold GLD ETF Update.. Bear Market Reversal Watch / Commodities / Gold and Silver Stocks 2018

By: Rambus_Chartology

Just a quick update on GLD which is showing the price action approaching the top rail of its triangle trading range which should be around the 127.50 area. Many times during the formation of a 5 point triangle reversal pattern the price action will fail to make it all the way down to the 5th reversal point which suggests the bulls are eager to get positioned. A touch of the top rail will complete the 5th reversal point technically putting the triangle into the reversal category to the upside.

What we have to do now is to see how the price action interact with the top rail. Most likely we should see a reaction backdown initially that could be very shallow if it’s time for the triangle to complete. If the bulls are really fired up we could see a gap above the top rail which would be very bullish.

Friday, January 12, 2018

Optimum Entry Point for Gold and Silver Stocks / Commodities / Gold and Silver Stocks 2018

By: The_Gold_Report

Technical analyst Clive Maund discusses why he believes a massive new sector bull market is about to begin in gold and silver.

When you are following the markets closely day after day it can be easy to lose sight of the big picture. So with the "everything bubble" getting closer to bursting, leading to universal mess and mayhem, there could not be a better time to look at the long-term picture for gold and silver, in order to see whether they are going to salute and go down with the ship, as they did in 2008, or constitute a lifeboat and a profitable means of escape for more fortunate investors.

I am therefore pleased to be able to report that it will almost certainly be the latter, for reasons that we will now elucidate on the respective long-term charts for gold, then silver.

Friday, January 12, 2018

These 3 Facts Show Gold Is Set to Surge in 2018 / Commodities / Gold and Silver 2018

By: GoldSilver

Jeff Clark : Crypto and stock prices grabbed most of the investment headlines in 2017. But by the end of 2018, a different asset class is bound to spark investor’s attention.

There are multiple reasons for that, starting with the fact that no trend or bull market lasts forever. But it’s about more than just the prolonged run in equities and runaway prices in cryptos.

Friday, January 12, 2018

Macroeconomic Outlook for 2018 and Gold / Commodities / Gold and Silver 2018

By: Arkadiusz_Sieron

Luckily or not, 2017 is behind us. It was a positive year for the gold market, as the yellow market gained more than 12 percent. However, investors are forward-looking, so let’s focus on what the coming months will bring. The next year will be shaped mostly by the following broad economic trends:

1. Global activity is improving.
2. Labor markets are strengthening further.
3. Subdued inflation is finally rising (but moderately).
4. Central banks are slowly reducing their monetary policy stimulus.
5. Interest rates are rising.

Thursday, January 11, 2018

Will Chinese Dragon Boost or Devour Gold? / Commodities / Gold and Silver 2018

By: Arkadiusz_Sieron

China may slow down its U.S. debt buying. Will gold rally or plunge, then?

Dragons Love Hoarding Gold and Not Only

Dragons love gold. In Greek mythology, dragons were set by the gods to guard golden treasures. It makes perfect sense, since it would be rather difficult to find better guards. Everybody who watched The Hobbit series knows that this is true – the powerful Smaug hoarded a lot and was really obsessed with his shiny treasure.

Thursday, January 11, 2018

Gold Prices Rise To $1,326/oz as China U.S. Treasury Buying Report Creates Volatility / Commodities / Gold and Silver 2018

By: GoldCore

– Gold prices rise to $1,326/oz on concerns China may slow U.S. Treasury buying
– Equities fell sharply on the report as did Treasurys and the U.S. dollar
– Chinese officials think U.S. debt is becoming less attractive compared to other assets
– Trade tensions could provide a reason to slow down or halt U.S. debt purchases
– U.S. dollar vulnerable as China remains biggest buyer of U.S. sovereign debt
– Currency wars to return as China rejects U.S. hegemony in Asia

Thursday, January 11, 2018

Why Oil Should Be Supported in Weekly Chart / Commodities / Crude Oil

By: ElliottWave-Forecast

Hello fellow traders, in this blog post, we will discuss oil in a more bigger picture.

In the chart below, you can see crude oil futures on the weekly chart.

From the 02/08/2016 low, we can clearly see that the market has a potential 5 swing incomplete bullish sequence. It seems like that it is still in the fifth swing. The weekly target for us is between 68.53-86.82. Please note a 5 swing sequence is different than 5 waves impulse. Overall, we can conclude that we need more upside in oil and we suggest members to buy the instrument in 3-7-11 swings to the upside.

Wednesday, January 10, 2018

Gold Hits All-Time Highs Priced In Emerging Market Currencies / Commodities / Gold and Silver 2018

By: GoldCore

– Gold at all time in eight major emerging market currencies
– A stronger performance than seen when priced in USD, EUR or GBP
– As world steps away from US dollar hegemony expect new gold highs in $, € and £
– Gold is a hedge against currency debasement and depreciation of fiat currencies

Wednesday, January 10, 2018

Here are the Key Levels in Gold & Gold Miners / Commodities / Gold and Silver 2018

By: Jordan_Roy_Byrne

The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets.

The strength of the rebound pushed the miners well beyond their 200-day moving averages and to their June and October highs. GDX is consolidating just below $24 while GDXJ is consolidating just below $35. If this consolidation turns into a correction then GDX and GDXJ could find support at their 200-day moving averages which are at $22.71 and $33.37 respectively. As you can see, should GDX and GDXJ be able to exceed recent peaks then they could rally towards important resistance levels. Those are $25.50 for GDX and $38 for GDXJ.

Wednesday, January 10, 2018

Outlook for Crude Oil Prices / Commodities / Crude Oil

By: Donald_W_Dony

Traders for Light crude oil continue to see higher price levels over the near term. Front-month futures prices reflect their bullish outlook (chart 1).

The expectation is for $63 to $65 per barrel by late Q1.

The one caveat is that U.S. production appears set to explode later this year.

Tuesday, January 09, 2018

Gold Prices Choppy after Payrolls / Commodities / Gold and Silver 2018

By: Arkadiusz_Sieron

The U.S. economy added only 148,000 jobs in December. Gold prices reacted in a choppy way, confusing some analysts. Why?

December Payrolls Disappoint

Total nonfarm payroll employment increased only 148,000 in December, the slowest pace in three months. The employment gains were generally widespread, but the biggest employers were construction (+30,000), leisure and hospitality (+29,000), education and health services (+28,000), and manufacturing (+25,000). The latter rise is a particularly bright spot, given the not-so-distant problems of the sector.  On the other hand, retail trade cut 20,000 jobs, which confirms that some traditional brick-and-mortar stores struggle.

Tuesday, January 09, 2018

More Important Than Gold’s Bottoming Price  / Commodities / Gold and Silver 2018

By: P_Radomski_CFA

Time is more important than price. That’s what we – investors – are often made to believe regarding the future price movement. And rightfully so. The price could reach a bottom several dollars ahead of the predicted price target or it could break through it, leaving investors wondering, if there was a breakdown and thus they should expect to see another big downswing shortly. With time, things are clearer. The time for a given move is up and the price reverses. When is gold likely to finally bottom?

Between August and October 2018. That’s the most up-to-date estimate based on the data that we have right now. Here’s why (charts courtesy of http://stockcharts.com).

Tuesday, January 09, 2018

Getting Bullish on Gold / Commodities / Gold and Silver 2018

By: The_Gold_Report

Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss gold's recent moves and potential signs of a bull market.

Gold is up nine of the last 12 Januaries with an average gain of over 4%, and the trend has continued in 2018 with gold reaching an intraday high of $1,327 so far this year. From December 19 of last year, gold rose 10 trading days in a row. Is this another rally destined to disappoint investors or the resumption of the gold bull market?

Monday, January 08, 2018

Gold – What Are We Waiting For? / Commodities / Gold and Silver 2018

By: Kelsey_Williams

The other shoe to drop? The next big move? Up or down?

Gold’s reign as the “next big thing” ended seven years ago. Too many people don’t want to admit that, but its true. Those who are ‘bullish’ on gold cannot let go.

Their behavior is typical of those who have missed the boat. And they don’t want to admit it, or believe it. And their problem is compounded by the fact that they originally viewed gold as a quality investment. Now they continue to point out all of the fundamental reasons gold should go much higher. We are told it is undervalued, unappreciated, unloved. And, of course, the price is manipulated, too.

Sunday, January 07, 2018

Commodities the Return To Inflation? / Commodities / Commodities Trading

By: WMA

The headline in this Thursday’s Financial Times reads: “Commodities prices hit highest point since 2014”.

The FT article begins: “The Bloomberg Commodity Spot Index, which tracks price of 22 raw materials, has hit its highest level since 2014 when the oil market price crash started.”

A small problem might be that the Bloomberg Commodity Spot Index does not include Energy or Precious Metals, which are in other Bloomberg indexes. In fact, in the Bloomberg Commodity Spot Index is a grouping of Raw Industrials and Food Stuffs. The Raw Industrials includes burlap, copper scrap, cotton, hides, lead scrap, print cloth, rosin, rubber, steel scrap, tallow, tin, wool tops, and zinc. Foodstuffs include butter, cocoa beans, corn, cottonseed oil, hogs, lard, steers, sugar, and wheat.