Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, March 15, 2017
Energy Stocks Preparing a Bounce / Commodities / Oil Companies
2016 was a good year for Energy Stocks as Oil & GAS price rose significantly helping the Energy sector to recover from the drop that started since 2014 . However since the recent peak early this year , Oil price stabilised in a tight range and failed to move higher before the recent 9% drop last week in both Brent Crude and West Texas Intermediate .
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Tuesday, March 14, 2017
Gold, Oil, CRB, Bonds - Beware The Bearish Rising Wedge / Commodities / Commodities Trading
In this report I would like to show you a chart pattern that seems to be showing up in a lot of different area’s of the markets, in particular the commodities complex. We looked at some of them in the last Weekend Report which were maturing, but in some cases hadn’t broken down yet. The chart pattern I’m referring to is the bearish rising wedge.
Some of the bearish rising wedges have a common theme which is the late 2015 low, when commodities and the PM complex finally bottomed out after that massive impulse move down. At a minimum the price objective for a rising or falling wedge is the first reversal point in which the wedge began to build out. Prices can go much lower, but the first reversal point is a good first price objective.
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Tuesday, March 14, 2017
Gold and Silver Commercial Traders Begin to Cover Short Positions / Commodities / Gold and Silver 2017
Does the trend change in the short position of commerical traders signal a bottom for precious metals?
Gold and silver posted a strong start to the year in 2017, despite the December rate hike. This was a repeat of last year, when the December 2015 Federal Reserve rate hike was followed by a massive rally in precious metals. However, both gold and silver have pulled back sharply over the past few weeks. Gold is down $60 or 4.5% to $1,200, while silver is down $1.40 or 7.5% to $17 per ounce.
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Monday, March 13, 2017
Gold Bear Market Return? / Commodities / Gold and Silver 2017
Technical analyst Jack Chan sets forth data that signals the potential return of a bear market in the precious metals.
A follow up to our last week's special update: COT data has been instrumental in guiding us and helping us navigate market conditions during a bull and bear market. The latest COT data is quite alarming, and has our full attention going forward.
Monday, March 13, 2017
Crude Oil Prices Volatility May Drive Expanded Stock Market Volatility / Commodities / Oil Companies
Last weeks move in Crude Oil, down over 8.8% was triggered by new “Record High” US inventory data and news that OPEC production cuts are near 85% compliance have prompted a breakdown. We have been expecting a breakout move for a few weeks and suspected production would outpace demand, as it has been for many months.
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Monday, March 13, 2017
Digital Gold On The Blockchain – For Now Caveat Emptor / Commodities / Gold and Silver 2017
– Bitcoin surpasses gold price – a psychological and arbitrary headline
– Royal Mint blockchain gold asks you to trust in the UK government
– Royal Canadian Mint and GoldMoney blockchain product asks you to trust in government and the technology, servers, websites etc of the providers
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Monday, March 13, 2017
Why 2017 Can be a Golden Year / Commodities / Gold and Silver 2017
Nandik Barbhaiya writes: The investment landscape is facing significant changes in 2017 on the back of an unpredictable and, at times, chaotic political environment in 2016. The extent of the repercussions of the ‘Leave’ vote in Britain’s EU referendum, the start of Donald Trump’s controversial Presidency, and Marie La Pen’s recent popularity ahead of France’s upcoming elections are all set to make a considerable impact on business and trading worldwide. Here, we look at alternative trading options for 2017 with a focus on gold investment.
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Monday, March 13, 2017
The Number One Reason You Should Own Physical Gold / Commodities / Gold and Silver 2017
105 years ago, American financier J.P. Morgan testified before Congress. When asked if the control of credit involved a control of money, Morgan responded by saying, “Not always. [Credit] is an evidence of banking, but [credit] is not the money itself. Money is gold, and nothing else.”
Although they are not the same, “money” and “credit” are used interchangeably in our vocabulary today. Given the massive credit expansion over the past four decades, understanding the difference between the two has never been more important.
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Sunday, March 12, 2017
Technical Update for Crude Oil: Brent and WTI / Commodities / Crude Oil
Highlights: Brent Crude
- Brent has been progressing upwards in an ascending trend channel for a number of months
- Last week it broke down sharply from a tight symmetrical triangle or pennant pattern and through support of the 50-day exponential moving average (ema) before finding support around the 50-week ema and the 200-day ema. The low for the week was 51.18.
- Brent is now likely to either:
- bounce from here back up towards the breakdown level around 55.00 to test it as resistance, before turning back down, or
- relatively quickly continue the descent to lower support levels
Sunday, March 12, 2017
Insanity Still Rules: Bullish For Gold And Silver / Commodities / Gold and Silver 2017
The emergence of an unexpected BREXIT victory, followed by an even more unlikely event, a Trump presidential victory are the outgrowth of the global elites having far exceeded their [almost] unspoken, unchallenged rule of the world, accomplished mostly by controlling the world’s money.
Money. One of the most common words in every language, yet the least understood, and by preference and design re the moneychangers. We will address “money” solely from a US perspective, not out of arrogance, but because money has a lawful definition that has been turned upside down by the likes of Rothschilds and other banking elites.
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Saturday, March 11, 2017
An Analog for the Gold Stocks Correction / Commodities / Gold and Silver Stocks 2017
The gold stocks bounced strongly today after the February jobs report confirmed the Federal Reserve will hike interest rates next week. While precious metals rallied strongly following the previous two hikes, I’m not so sure today marks the start of a big rebound. For one, the Federal Reserve could hike rates again in July. Second and more important, the technical setup argues for more back and forth action in the weeks and months ahead. While the current price action in the gold stocks is different from that in the previous cyclical bull markets, we do think we have found one viable comparison for the current correction.
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Saturday, March 11, 2017
States Consider Removing Income and Sales Taxes from the Monetary Metals / Commodities / Gold and Silver 2017
Precious metals markets can certainly be volatile from week to week, but over time they are a more reliable store of value than Federal Reserve Notes. Gold and silver remain the world’s most enduring and most widely recognized form of money. And, as spelled out in the U.S. Constitution, gold and silver coins are legal tender. Individual states thus can formally recognize gold and silver coins as legal tender alternatives to Federal Reserve Note dollars.
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Saturday, March 11, 2017
Gold Mining Stocks Q4 2016 Fundamentals / Commodities / Gold and Silver Stocks 2017
The gold miners’ stocks have corrected hard in recent weeks, hammered by a gold pullback driven by soaring Fed-rate-hike odds. Like any considerable selloff, this has spawned serious bearish sentiment. But the gold miners’ underlying operating fundamentals remain quite strong, proving the recent selling was purely psychological. This sector’s just-reported fourth-quarter results are impressive, very bullish.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by securities regulators, these quarterly results are exceedingly important for investors and speculators. They dispel all the sentimental distortions surrounding prevailing stock-price levels, revealing the underlying hard fundamental realities. They serve to re-anchor perceptions.
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Friday, March 10, 2017
Trump's First Month and Gold / Commodities / Gold and Silver 2017
Trump has been president for more than a month. What has he done so far and how will it affect the gold market? Trump's presidency has begun like no other - four weeks of conflict and chaos: travel ban, war with media and intelligence agencies, and the resignation of Flynn as a national security advisor. However, beneath the noise, Trump has been steadily fulfilling his campaign promises, or so it seems. The pace of actions has been very intense - so far, Trump has signed more than 20 executive orders or memoranda, submitted a few bills, nominated one Supreme Court justice, and talked to several foreign leaders. However, investors should be aware that there is a huge gap between what the new administration has said and what it has done in reality - most of Trump's orders have not changed the reality in any significant way (for example, take the order authorizing the construction of a border wall - without Congress' approval of funding for that purpose, the order is meaningless).
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Friday, March 10, 2017
James Rickards: Gold Price $10,000 Long-Term Forecast / Commodities / Gold and Silver 2017
James Rickards: Long-Term Forecast For $10,000 Gold
James Rickards, geopolitical and monetary expert and best selling author of the ‘The New Case for Gold’ has written an interesting piece for the Daily Reckoning on why he believes gold will reach $10,000 in the long term.
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Friday, March 10, 2017
Gold – It Is Still All About The US Dollar / Commodities / Gold and Silver 2017
In my original article I made the following statements:
“It means that holders of any non-USD currency who want to exchange it for gold, must first exchange it for US dollars and then exchange the US dollars for gold.
When anyone is selling gold, the proceeds are always paid in US dollars. The dollars can be held as such, or they can be exchanged for other currency.”
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Friday, March 10, 2017
Exponential Solar Power Growth Means Fossil Fuels Are Toast / Commodities / Solar Energy
With all the oil-related headlines we’re exposed to each day, you might assume that “black gold,” along with other fossil fuels like coal and natural gas, matter to humanity’s future. You’d be wrong. Like Keynesian economics and fiat currencies, fossil fuels are near the end of their run. From here on out, solar is the story.
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Wednesday, March 08, 2017
A Whole New World of Gold Demand Is Opening Up... Muslims / Commodities / Gold and Silver 2017
Most analysis of gold and silver markets tends to be U.S.-centric. However, the next secular trend in precious metals markets may have less to do with U.S. debt, U.S. politics, the U.S. central bank, and the U.S. dollar and more to do with a gigantic new source of demand.
It’s not the 1970s anymore. Back then, big moves in the metals markets were centered on United States. The great gold and silver mania of the late 1970s was driven by inflation fears and a rush of speculative demand. Although coin dealers struggled to keep up, there was no actual global shortage of physical metal, and spot prices crashed after manic buying peaked in January 1980.
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Wednesday, March 08, 2017
Gold Investing 101 – Beware Unallocated Gold Accounts With Indebted Institutions (Part II) / Commodities / Gold and Silver 2017
Gold Investing 101 – Beware Unallocated Gold Accounts With Indebted Bullion Banks and Mints (Part II)
- Investors looking to gold again but gold buyers need to exert caution
- Royal Mint – a royally expensive way to help the government
- Unallocated gold – unsecured creditor of a bank?
- If you cannot hold it, you do not own it
- Own gold bullion coins as insurance, to reduce counter party risk and to preserve wealth
- Conclusion – Reduce counter parties, Don’t over complicate
Wednesday, March 08, 2017
Is A Second OPEC Oil Cut On The Cards? / Commodities / Crude Oil
OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. But resurging U.S. shale has been capping the upside, and Brent has not breached US$58 per barrel. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.
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