Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, May 05, 2017
Gold Stocks Huey Looking Haggard These Days, But… / Commodities / Gold and Silver Stocks 2017
By: Gary_Tanashian
HUI is torn, frayed and downright bearish. What’s more, it’s been bearish since it started to drop from the SMA 200 failure point.
In NFTRH, we managed bounce #1 (off the Dec. low) as just that, a bounce. Then we managed bounce #2 as just that, a bounce. It doesn’t take a trained eye to see why; only a rise above the October high would have set an uptrend for bounce #1 and a rise above the February high would have set an uptrend for bounce #2.
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Friday, May 05, 2017
Gold Miner Stocks, Metal Proxies and Gold Bugs in Hades ? or just close / Commodities / Gold and Silver Stocks 2017
By: Denali_Guide
In a place called PURGATORY, hundreds of Gold Miner Stocks, and thousands of GoldBugz find themselves stranded today as the bodies of JNUG and GDXJ twist in the wind, as they wait to be cut down from the gallows of the GDX / GDXJ RE-Balance.
Thursday, May 04, 2017
Sign of Gold and Silver Stocks Outperformance / Commodities / Gold & Silver Stocks 2017
By: P_Radomski_CFA
Precious metals moved visibly lower yesterday, but we can’t say the same about gold and silver mining stocks. The miners refused to follow the metals lower and the question is if this is a sign of a local (or major) bottom.
In our opinion, it’s too early to say so. Miners did outperform yesterday, but due to the recent major technical development (namely, the breakdown below the key long-term support line), the implications are not necessarily bullish.
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Thursday, May 04, 2017
Silver Bullion On Sale After 10.6% Fall In Two Weeks / Commodities / Gold and Silver 2017
By: GoldCore
– Silver down for eleven consecutive days to $16.80/oz
– Further weakness possible and support at $15.73/oz
– Never catch a falling knife – dollar cost average
– Silver buyers love manipulative futures selling
– Thank you ‘Gold and Silver Cartel’ !
Wednesday, May 03, 2017
DOE Uranium Reduction Should Help Boost Market / Commodities / Uranium
By: The_Energy_Report
Department of Energy Secretary Rick Perry issued a determination that reduces the amount of uranium the department can transfer in 2017 and 2018; the reduction should give a boost to uranium producers.
Every two years the Secretary of Energy is required to determine the amount of uranium allowed to be transferred to support the clean-up work at the Portsmouth Gaseous Diffusion Plant in Ohio. On April 26, Secretary of Energy Rick Perry released a determination to permit transfers of 1,200 metric tons of uranium (1,200 MTU) per year, down from 1,600 MTU.
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Tuesday, May 02, 2017
Hi Yo Silver! Sort Of… / Commodities / Gold and Silver 2017
By: Kelsey_Williams
In January, 1980 silver peaked at close to $50.00 per ounce and gold hit its high point of approximately $850.00 per ounce. Thirty-one years later, in 2011, both metals again reached lofty levels.
For gold, the new high point was $1900.00 per ounce. For silver, the number was $50.00 per ounce; again.
Six years later, as of this writing, gold is priced at $1260.00 per ounce. Silver is at $17.00 per ounce and change.
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Monday, May 01, 2017
Cocoa Commodity Buying Opportunity / Commodities / Cocoa
By: Austin_Galt
I last analysed the cocoa price in March 2015 in a report titled Cocoa Technical Outlook. Since then price has traded exactly as outlined. Below is the yearly chart from that analysis.
Saturday, April 29, 2017
Gold Hostage to Stocks / Commodities / Gold and Silver 2017
By: Zeal_LLC
Gold has had a wild ride since Trump's surprise election win in early November. This metal first plunged then surged, ultimately making little headway. It wasn't until mid-April that gold regained its pre-election levels. This overall lackluster gold action was confounding given all the mounting uncertainties. But it once again highlights that gold investment demand is often hostage to the US stock markets' fortunes.
Before the election, gold surged every time Trump appeared to advance in the polls. Trump had a well-earned reputation as a loose cannon, implying far greater unpredictability. Increasing prospects of a Trump victory drove gold to $1305 the Friday before the election. But that weekend the FBI cleared Clinton again on her classified-e-mail front. So gold sold off sharply on rising odds Clinton would indeed win.
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Saturday, April 29, 2017
Warren Buffett Hates Gold… But Here’s Five Reasons You Need To Own It / Commodities / Gold and Silver 2017
By: HAA
Stephen McBride : In a 1998 speech at Harvard, legendary investor Warren Buffett shared his thoughts on gold:
“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again, and pay people to stand around guarding it. It has no utility.”
Buffett is correct—gold doesn’t produce earnings or pay dividends. There are, however, some good reasons gold should be an essential part of every investor’s portfolio.
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Friday, April 28, 2017
Fed's Third Inetrest Rate Hike and Gold / Commodities / Gold and Silver 2017
By: Arkadiusz_Sieron
This time, the U.S. central bank did not make us wait too long for the next hike. Just three months after the hike in December, the Fed moved interest rates up again. Although the pace of the current tightening cycle is extremely gradual, the U.S. central bank is consistently moving away from the zero interest rate policy. The chart below shows the current level of the effective federal funds rate after all three hikes.
Friday, April 28, 2017
Looking for Epic Signs? Enter Silver / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
In yesterday's alert we wrote that the reversal in the precious metals market should once again not be taken at its face value and that one should not overreact based on it as the size of the potential rally was limited. Well, it turned out that "limited rally" was an euphemism for a decline. Gold, silver and mining stocks declined once again despite the previous day's reversal and gold stocks confirmed the breakdown below the key support line. The implications are strongly bearish. However, there's something ever more bearish and much more profound.
Friday, April 28, 2017
BOOM! Bitcoin Price Blasts To New All Time High! / Commodities / Bitcoin
By: Jeff_Berwick
Having followed bitcoin since it was $3 in 2011 we have had many, many “all time high” celebrations.
Breaking $10 was a small celebration. Breaking $100 had us cheering and buying a round of drinks at the bar. And, when it broke $1,000, TDV subscribers were heard around the world buying sports cars and yachts.
But with bitcoin breaking above $1,325.00 to hit an all time high of $1,331.31 on CoinDesk’s Bitcoin Price Index (BPI), this is a memorable one.
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Friday, April 28, 2017
Misunderstanding GDXJ: Why It’s Actually Great News For Junior Miners / Commodities / Gold & Silver Stocks 2017
By: John_Rubino
Something extraordinarily good for junior precious metals miners just happened. But for some reason it’s being misinterpreted as a bad thing. Here’s the general story:
Thursday, April 27, 2017
This is the Bottom in The Gold Miners - GDX and GDXJ / Commodities / Gold & Silver Stocks 2017
By: Submissions
Zach writes: This is the bottom in gold mining ETFs GDX and GDXJ. How can I say that so confidently, I hear you ask?
The charts are talking to us...Here goes...
1. We are seeing bottoming tails on the Daily chart of both GDX and GDXJ, which indicates a bottom - in conjunction with other factors.
2. We are into 75% fib levels, which are very reliable levels of support in the case of the gold miners.
Thursday, April 27, 2017
Gold and Silver in a Dangerous World / Commodities / Gold and Silver 2017
By: Submissions
Peter Ginelli writes: Since the inauguration of President Trump, it appears that nearly every morning we wake up to a new major political crisis at home and around the globe. From Syria to North Korea, Russia, Iran, ISIS and beyond, the world has become an increasingly dangerous place to live or invest in.
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Thursday, April 27, 2017
An Even More Bullish Wave Count for GOLD! - Daily-Elliott-wave-analysis / Commodities / Gold and Silver 2017
By: Enda_Glynn
USDJPY
My Bias: LONG
Wave Structure: rally in wave [C]
Long term wave count: wave [C] is underway, upside to above 136.00
Important risk events: JPY: BOJ Outlook Report, BOJ Policy Rate, BOJ Press Conference. Household Spending y/y. USD: Unemployment Claims, Core Durable Goods Orders m/m, Pending Home Sales m/m.
Wednesday, April 26, 2017
This Event Could Lead To A Collapse Of The Euro… And Send Gold Skyrocketing / Commodities / Gold and Silver 2017
By: HAA
Stephen McBride : The first round of the French presidential election takes place this Sunday, April 23… and the future of the European Union depends on the outcome.
Establishment candidate Emanuel Macron leads in the polls, but Marine Le Pen, leader of the far-right Front National is trailing him by only 1%. However, the real story of the past month has been the rise of far-left candidate Jean-Luc Mélenchon.
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Wednesday, April 26, 2017
G20: SURPASSING THE 2nd GLOBAL STEEL CRISIS / Commodities / Steel Sector
By: Dan_Steinbock
In the 2016 G20 Summit, advanced economies accused China for steel overcapacity. Before the Hamburg Summit, similar charges have surfaced. Yet, the postwar era has witnessed two steel overcapacity crises. The current debate cannot afford to ignore the past lessons.
As the global steel sector is coping with an overcapacity crisis, multinational industry giants are struggling with consolidation and adjustment. Read full article... Read full article...
Tuesday, April 25, 2017
Frank Holmes : Gold Could Hit $1,500 in 2017 Amid Imbalances & Weak Supply / Commodities / Gold and Silver 2017
By: MoneyMetals
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up Frank Holmes, CEO of U.S. Global Investors joins me to share his thoughts on Trump’s first 100 days, the resetting that’s going on the global political front and gives what he sees as a very realistic price target for gold before the end of the year. Be sure to stick around for a fantastic interview with Frank Holmes, coming up after this week’s market update.
Precious metals markets are putting in a mixed performance this week as gold prices hold above their breakout level from the prior week. Spot gold currently comes in at $1,287 an ounce, essentially unchanged on the week.
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Tuesday, April 25, 2017
Even “Father of Logic” Thought That Gold Makes the Best Money in the World / Commodities / Gold and Silver 2017
By: HAA
Shannara Johnson : In the wee hours of March 27, plucky thieves stole one of the world’s largest gold coins, a 221-pound colossus named the “Big Maple Leaf” from the Bode Museum in Berlin, Germany.
The coin, which takes two to three strong men to carry, had a face value of $1 million, but at current market prices is worth around $4.5 million.
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