Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, August 08, 2017
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Tuesday, August 08, 2017
Is Pot Replacing Alcohol? It’s a Money Making Business / Commodities / Cannabis
Pot is what alcohol used to be.It’s an industry ready to take off, but one that’s still finding its way, and one whose progress is not exactly encouraged by the federal government. It’s a little bit like Prohibition 2.0.
The alcohol industry – now eight decades after states ratified the 21st amendment and ended prohibition – generated $475 billion in economic activity and $110 billion in wages in 2014.
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Monday, August 07, 2017
Solar, Bubble, Banks, War, and Legal Tender: Five Reasons Why You Should Buy Silver Now / Commodities / Gold and Silver 2017
Shannara Johnson : Unlike its big brother, gold, physical silver is coveted for both investment purposes and industrial usage. Right now, silver prices are in a bit of a slump—in other words, it’s the perfect time to load up on this precious metal while it’s down. Here are some good reasons why silver should be on every investor’s radar.
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Monday, August 07, 2017
Gold Price Broke A Bullish Trend Line / Commodities / Gold and Silver 2017
XAUUSD recently broke below the bullish support trend line at 1264 on its 4-hour chart, indicating that a short term top had been formed and correction pullback could be seen in the coming days.
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Monday, August 07, 2017
Gold and Silver : The Battle for Control / Commodities / Gold and Silver 2017
There was some important price action in the Precious Metals Complex this past week as both gold and silver each tested important overhead resistance again. Always keep in mind that time is relative when it comes to the size of big patterns vs smaller patterns. When a multi year trendline is in place the breaking out and backtesting process can seem like it takes forever before you see some type of resolution to the pattern or trendline which has been the case with gold and silver recently.
Lets start with the long term weekly chart for gold we’ve been following for a long time now which shows its 2011 bear market downtrend channel. Almost exactly one year ago this month gold touched the top rail of its 2011 bear market downtrend channel at 1305 which held resistance. After a small decline gold once again rallied back up to the top rail of the 2011 bear market downtrend channel and failed once again. After another small decline gold has rallied back up to the top rail of the 2011 bear market downtrend channel which now comes in around the 1280 area.
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Monday, August 07, 2017
Precious Metals Sector is on Major Buy Signal / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the past week in gold and silver.
Monday, August 07, 2017
Get Ready for an Historic Upside Gold and Silver Run / Commodities / Gold and Silver 2017
The Bigger the Base, the Greater the Upside Case. This saying among technical analysts/chartists helps define where we are today in the precious metals – and where we’ll soon be headed.
It means that when prices “base” in a relatively narrow sideways range for an extended period, they will at some point break out. Before the action gets underway, bears and bulls alike will get “sandpapered” as they take positions, trying to guess whether or not the price is getting ready to decline further or move upward into a new bull phase.
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Sunday, August 06, 2017
Predicting The Price Of Gold Is A Fool’s Game / Commodities / Gold and Silver 2017
It is frustrating at times to see the attention focused on predictions for the price of gold. The more sensational and spectacular the price forecast, the greater the cacophony.
It is worth taking a look back at a few of these predictions to help put things in perspective.
HEADLINE: Gold Forecast $6000, And Gold Mining Analysis Through Visualisation 23Jan2012
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Saturday, August 05, 2017
Gold Stocks’ Autumn Rally / Commodities / Gold and Silver Stocks 2017
The gold miners’ stocks have suffered a lackluster year so far, mostly lagging gold’s solid new upleg. But that vexing underperformance should soon give way to a big catch-up surge. The deeply-out-of-favor gold stocks are now entering their strong season, which starts right about now with a powerful autumn rally. That generates major gains on average in bull-market years, and this year’s upside potential is exceptional.
Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year. While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals. We humans are creatures of habit and herd, which naturally colors our trading decisions. The calendar year’s passage affects the timing and intensity of buying and selling.
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Saturday, August 05, 2017
Gold Consolidates On 2.5% Gain In July After Dollar 5 Monthly Decline / Commodities / Gold and Silver 2017
– Gold consolidates on 2.5% gain in July as the dollar has fifth monthly decline
– Trump administration and vicious “civil war” politics casting shadow over America and impacting dollar
– All eyes on non farm payrolls today for further signs of weakness in U.S. economy
– Gold recovers from 1.7% decline in June as dollar falls
– Gold outperforms stocks and benchmark S&P 500 YTD
Friday, August 04, 2017
This Just Changed Everything: Marijuana Green Profits Are Being Unleashed / Commodities / Cannabis
Kenneth Ameduri, founder of Crush the Street, discusses why he believes now is a good time to take advantage of cannabis investing opportunities.
There is nothing wrong with being part of bubbles. It's the formation and expansion of a bubble that you want to be positioned in.
Friday, August 04, 2017
Silver Analogies – Invalidated? / Commodities / Gold and Silver 2017
Some time ago we discussed the analogies in the silver market and the implication of the analogies was that a big decline should follow. However, we have not seen anything epic on a medium-term basis – only a local (yet powerful) intra-day slide. Was the analogy invalidated and did the outlook become bullish?
Let’s take a closer look at the silver chart (charts courtesy of http://stockcharts.com) and begin today’s analysis by reminding ourselves the analogies that we are going to discuss in greater detail.
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Thursday, August 03, 2017
Copper Price Cycles Update / Commodities / Gold and Silver 2017
My gut tells me that Copper will likely test the $3 level before its 5-6 month Intermediate Cycle tops out. The daily RSI is in the nosebleed section, however, as we are approaching the 3 month mark in its current uptrend.
Nearer term, my Trading Cycle count is a bit cloudy but my preferred count is day 31. We have formed a swing low once again but we did so last week only to move slightly higher.
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Wednesday, August 02, 2017
This Oil Price Rally Has Reached Its Limit / Commodities / Crude Oil
Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just a month ago, and the market is on the upswing. However, the rally could run out of steam in the not-so-distant future, a familiar result for those paying attention to the oil market in the last few years.
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Wednesday, August 02, 2017
Precious Metals Break Out Now Or In A Few Weeks? / Commodities / Gold and Silver 2017
This past week, the GDX has finally taken out its resistance at 22.65, and provided us with some semblance of an impulsive structure off the recent lows. However, the micro structure it is not the cleanest of structures, similar to silver.
Yet, as long as the metals do not break below their July lows, we are again set up to see a massive break out. While I still cannot tell you if the metals will take advantage of that set up, as they failed to do so the last time we had a break out set up, if they do not take advantage of this set up within the next few weeks, we could see a major failure to launch take hold, and drop us lower than the bulls would care for. So, it seems it’s time for the metals to step up.
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Wednesday, August 02, 2017
Gold and Silver Seasonality an Advantage to Seasoned Investors / Commodities / Gold and Silver 2017
Many investors rightly believe that the gold and silver markets are moved most by geopolitical events, monetary policy, shifting economic paradigms such as inflation or deflation, and a number of other factors - most of which are covered regularly in this newsletter. Few know that there is another aspect to gold and silver's price behavior and that is its seasonality, as shown in the charts immediately below. Seasoned physical precious metals investors often time their purchases during the so-called "summer doldrums" when business is quiet and prices are down. It doesn't always work out that the price trends higher in the second half of the year. (Last year, for example, gold hit its peak of the year in July – the heart of the doldrums.) Given a 20-year history, though, it happens enough to warrant attention. Here we are in August – the month, as you can see, that offers a last chance before we move into the fall and winter busy season and its traditional predisposition to higher prices.
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Wednesday, August 02, 2017
What a US Dollar Rebound Means for Gold Price / Commodities / Gold and Silver 2017
The decline in the US$ index in 2017 has been relentless. From a high of nearly 104 at the end of 2016, the US$ index has steadily declined to as low as 93.00. While this has certainly fueled the strength in precious metals, it has not been able to lift the sector as much as typically expected. That is because Gold’s performance relative to other assets has been weak and much weaker than in 2016. Friday Gold broke above key resistance of $1260/oz but it remains below its 2017 highs as the US$ index tests support amid a very oversold condition and negative sentiment. Simply put, Gold will have to prove itself in real terms if it is going to hold its ground or breakout as the US$ begins a likely bounce.
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Tuesday, August 01, 2017
What Investors Can Learn From the Japanese Art of Kintsukuroi / Commodities / Gold and Silver 2017
– What investors can learn from the Japanese art of Kintsukuroi or Kintsugi – art of repairing broken pottery with gold
– Investors and savers can protect their savings with gold
– Savers and investors are being punished by negative to low interest rates
– Global debt levels, stock bubbles and reduced liquidity will lead to crisis
– Reinforce cracks with gold prior to money pot shatters
Tuesday, August 01, 2017
Crude Oil – Gold Link in July / Commodities / Crude Oil
On Friday, crude oil moved higher and hit a July peak supported by a weakening U.S. dollar and bullish Wednesday’s EIA weekly report. As a result, the black gold climbed above the 200-day moving average, but is it enough to trigger a rally above $50?
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Monday, July 31, 2017
Bitcoin, ICO Risk Versus Immutable Gold and Silver / Commodities / Gold and Silver 2017
– Latest developments show risks in crypto currencies
– Confusion as bitcoin may split tomorrow
– SEC stepped into express concern over ICOs
– ICOs have so far raised $1.2 billion in 2017
– ICOs preying on lack of understanding from investors
– Physical gold not vulnerable to technological risk
– Beauty and safety in simplicity of gold and silver