Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Tuesday, October 31, 2017

All the Reasons Cryptocurrencies Will Never Replace Gold as Your Financial Hedge / Commodities / Gold and Silver 2017

By: HAA

Olivier Garret : The cryptocurrency craze continues.

Having seen the astounding rise in Bitcoin’s value, those who remained on the sidelines are now kicking themselves for not buying it when it was first released. Surely, they’d be millionaires by now.

But is the meteoric rise of Bitcoin and other cryptocurrencies really an indication of true value?

Tuesday, October 31, 2017

Gold Price Moved In Price Channel On 4-hour Chart / Commodities / Gold and Silver 2017

By: Franco_Shao

XAUUSD moved within a bearish price channel on its 4-hour chart, indicating that the price remains in the downtrend from 1305.98. Near term resistance is at the top of the channel now at around 1278.50. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 1260.55. A breakdown below this level could trigger further decline to 1250 area.

Sunday, October 29, 2017

Uranium URA Intermediate Cycle Update / Commodities / Uranium

By: SurfCity

Friday sure looked like a capitulation day for the Uranium sector and possibly a cycle low is forming but is it just a Trading Cycle Low (TCL/DCL) or perhaps also an Intermediate or Yearly Cycle Low (ICL/YCL) or as well? First, you may wish to review my last update on the sector.

https://surfcity.co/2017/09/21/uranium-ura-energy-cycle/

Six charts below on URA, CCJ and NXE each with two charts. The first for each is a 3 year Weekly showing Intermediate and Yearly Cycle Lows (ICLs & YCLs). These charts make a somewhat compelling case that Friday’s low may well be a longer ICL/YCL but we may also see an undercut low.

Friday, October 27, 2017

China’s Importance in the Gold Market / Commodities / Gold and Silver 2017

By: Arkadiusz_Sieron

China has been accumulating a lot of bullion over the past decade. It is also the largest producer of gold in the world and – along with India – one of the biggest consumers of the yellow metal. According to the World Gold Council’s data on the second quarter of 2017, China accounts for about 28.6 percent of the jewelry demand, and for about 26 percent of total bar and coin demand. And China – with its almost 1843 tons of gold – owns the fifth largest gold reserves in the world.

Friday, October 27, 2017

Russia Buys 34 Tonnes Of Gold In September / Commodities / Gold and Silver 2017

By: GoldCore

– Russia adds 1.1 million ounces to reserves in ongoing diversification from USD
– 34 ton addition brings Russia’s Central Bank holdings to 1,779t; 6th highest
– Russia’s gold reserves are at highest point in Putin’s 17-year reign
– Russia’s central bank will buy gold for its reserves on the Moscow Exchange
– Russia recognises gold’s role as independent currency and safe haven

Friday, October 27, 2017

Bullish Opportunity in Crude Oil - Watch Out! / Commodities / Crude Oil

By: Enda_Glynn

My Bias: topping in a large correction wave [4].
Wave Structure: Double combination higher in wave [4] red.
Long term wave count: wave [4] target $70

Thursday, October 26, 2017

Eurozone Crisis Is Back, Gold Will Be Safe Haven Again In Looming EU Crisis / Commodities / Gold and Silver 2017

By: GoldCore

– Gold will be safe haven again in looming EU crisis
– EU crisis is no longer  just about debt but about political discontent
– EU officials refuse to acknowledge changing face of politics across the union
– Catalonia shows measures governments will use to maintain control
– EU currently holds control over banks accounts and ability to use cash
– Protect your savings with gold in the face of increased financial threat from EU

Thursday, October 26, 2017

XME Miners/Metals ETF Pushing Towards Significant Breakout / Commodities / Metals & Mining

By: Mike_Paulenoff

The SPDR S&P Metals and Mining ETF (XME) could be on the verge of a surprising, very powerful upside breakout after completing a 6-month corrective accumulation period.

After Trump was elected last November, the XME climbed from just under 25 to a February 2017 high at 35.21, or a whopping 41%, in anticipation of the enactment of the Trump agenda, concurrent with lower taxes, stronger economic growth, and upward pressure on inflation.

Wednesday, October 25, 2017

Is Clark Kent Transforming into Superman? The Buildup in Gold Trading Volumes / Commodities / Gold and Silver 2017

By: GoldSilver

It was one of the coolest scenes in the Adventures of Superman show: Clark Kent ripping back his business suit to reveal the Superman outfit underneath while he sprints to save the day. Probably millions of people have seen that transformation.

Well, a similar transformation may be underway with gold, one that shows this market may be ready to fly…

Wednesday, October 25, 2017

The 5 Countries That Could Push Oil Prices Up / Commodities / Crude Oil

By: OilPrice_Com

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market.

An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. The threat of an outage will carry more weight as the oil market tightens.

Wednesday, October 25, 2017

2017 Was The Year Of Gold's Consolidation, So What Will 2018 Present? / Commodities / Gold and Silver 2017

By: Avi_Gilburt

One of the most frustrating charts to trade during 2017 has been almost any chart in the metals complex. In fact, if you speak to most metals investors, you would almost think that they have incurred a huge loss in 2017.

But, that is far from the truth. In fact, since we caught the low around 107 in the GLD at the end of 2016, we have seen it rally almost 20% off those lows when it struck its 2017 high back in early September. As I write this article, we are still 13% off those lows.

Wednesday, October 25, 2017

Silver Is Underperforming Gold / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Clive Maund charts silver and discusses its relationship with gold. Like gold, silver now appears to be completing an intermediate Head-and-Shoulders top within a much larger and very bullish Head-and-Shoulders bottom pattern. Both these Head-and-Shoulders tops are related to the Head-and-Shoulders bottom completing in the dollar index, that we look at in the parallel Gold Market update.

Wednesday, October 25, 2017

Strange Things Happening In The Paper Gold Market / Commodities / Gold and Silver 2017

By: John_Rubino

Back in September the hedge funds that speculate with gold futures contracts got extremely bullish, which – since speculators are usually wrong when they’re overexcited – was a signal that gold would be going down for a while. It did:

Tuesday, October 24, 2017

Vanadium: The Metal We Can’t Do Without And Don’t Produce / Commodities / Metals & Mining

By: Richard_Mills

From swords to jet engines 

One of the world’s least known metals is also of great importance, and likely to become more so as renewable energies catch up with and possibly eclipse fossil fuels. Yet vanadium’s primary use as a steel alloy is set to keep prices buoyant and North American explorers racing to find a domestic source of the metal that was once used to make swords so strong and sharp the mere sight of them struck fear into the hearts of their enemies.

Tuesday, October 24, 2017

Gold Is Better Store of Value Than Bitcoin – Goldman Sachs / Commodities / Gold and Silver 2017

By: GoldCore

– Gold is better store of value than bitcoin – Goldman Sachs report
– Gold will continue to perform well thanks to uncertainty and wealth demand
– Bitcoin’s volatility continues to impact its role as money
– Gold up 12% in 2017, bitcoin over 600%
– BTC is six times more volatile than gold – see chart
– Gold’s history and physical property shows it meets requirements as a medium of exchange and store of value

Tuesday, October 24, 2017

Gold Miners Could Be Setting Up For A Big Hit Into Year End / Commodities / Gold and Silver 2017

By: Avi_Gilburt

As I read through the blogs and public articles on miners and the GDX, it has become quite evident that many have now turned either bearish or completely indifferent to this complex. In fact, it seems as though the number of hits being seen in the Seeking Alpha metals section has dropped dramatically over the last year.

Tuesday, October 24, 2017

Gold Price Under $1000 Is A Very Real Possibility / Commodities / Gold and Silver 2017

By: Kelsey_Williams

‎After gold peaked in January 1980 at $850.00 per ounce, it dropped in price by two-thirds (66%) over the next five years. The low in February 1985 was $284.00 per ounce.

At that point it began a strong move upwards over a three-year span peaking at just under $500.00 ($499.75) per ounce in December 1987. That translates to an increase of seventy-six percent.

Tuesday, October 24, 2017

US Dollar Getting Ready to Rally Implications for Gold / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Clive Maund discusses the outlook for the U.S. dollar and its implications for gold.The dollar is getting ready for a sizable rally, and that means that gold and silver are going to be knocked back again. Longer term however, the outlook for the Precious Metals could scarcely be better, as we will see.

In last weekend's update it was pointed out that gold's gap breakout from its steep downtrend shown on its latest 6-month chart below was probably false and that it was expected to drop back as the dollar advanced, which it duly did last week. Bearing in mind that the dollar has about completed its Head-and-Shoulders bottom, it is now clear that a parallel Head-and-Shoulders top is completing in gold as shown on the chart. This chart projects a breakdown beneath the nearby support level to be followed by a drop targeting the quite strong support in the $1200–$1215 area.

Monday, October 23, 2017

Debt-Driven Consumer Economy Breaking Down / Commodities / Gold and Silver 2017

By: MoneyMetals

Mike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in metals and commodity markets and even authored a book in 2006 titled Gold Trading Bootcamp, where he accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce.

He is a highly sought-after presenter at financial conferences throughout the country, and is a regular guest on financial shows throughout the world, and it's good to have him back here on the Money Metals Podcast.

Monday, October 23, 2017

This Super Metal Is Set To Soar By 300% / Commodities / Graphene

By: OilPrice_Com