Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, July 13, 2016
Oil Industry Faces Huge Worker Shortage / Commodities / Crude Oil
The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling anew. Shale drilling is a short-cycle prospect, requiring only a few weeks to drill and bring a well online. Because of this, the collective U.S. shale industry has been likened to the new "swing producer": low oil prices force quick cutbacks but higher prices trigger new supplies. In essence, shale could balance the market in the way OPEC used to.
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Tuesday, July 12, 2016
Crude Oil - Precious Metals Link / Commodities / Crude Oil
In the recent few weeks oil bulls and bears fought battles between the barrier of $50 (the key resistance) and the green support zone based on the Apr and early May highs. After several unsuccessful attempts to move higher oil bears took control and crude oil closed Thursday's and Friday's sessions under its first important support zone. How did this drop affect the oil-to gold and oil-to-silver ratios? Let's jump right into charts (chart courtesy of http://stockcharts.com) and find out.
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Tuesday, July 12, 2016
Gold Bull Confirmed: What's Next? / Commodities / Gold and Silver 2016
Technical analyst Jack Chan confirms a bull market for gold and lays out his investment strategy.
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Monday, July 11, 2016
Gold - Wonderland / Commodities / Gold and Silver 2016
“If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what is, it wouldn’t be. And what it wouldn’t be, it would. You see?” –Alice in Wonderland
Silver out performs gold as both rise with Treasury bonds, which are in turn rising with stocks, as Junk bonds hit new recovery highs while USD remains firm as inflation expectations are out of the picture. This is highly atypical, maybe even unprecedented.
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Monday, July 11, 2016
Gold And Silver – Be Afraid, At The Very Least Be Wary / Commodities / Gold and Silver 2016
BREXIT opened a Pandora's Box for the EU. Will the globalists shut it closed and then reseal it for generations to come? Something may be rotten in the state of Denmark, but the stench emitting from Brussels has been overpowering Europe. People in the Western world are being manipulated each and every day by the elite's mainstream press with everything that can be construed as potentially negative that stems from BREXIT as a scapegoat.
The world is drowning in debt created by the central bankers and force-fed to states like a goose being fattened for foie gras. Always, always follow the money. Almost everything wrong in the world today can be traced to debt, debt that has been foisted upon states and people by bankers for the sole purpose of enriching only the shadow globalists. At the end of the day, the tab gets passed onto everyone else to pay. That is the sole purpose of the bail-outs and bail-ins. Nothing else, not even you, matters to the elites.
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Monday, July 11, 2016
Repeat Of 70s Pattern Shows That Silver $675 Price Is Realistic / Commodities / Gold and Silver 2016
In my previous silver article, I highlighted a very bullish pattern/fractal on the 100-year silver chart. It was a very big picture view of silver, which is really difficult to perceive within our current reality. However, at some point in time, it will catch up with our current reality. This will likely happen when the monetary system collapses.
Silver, even more than gold, is the opposite of what is considered a monetary asset (debt, like a federal reserve note), today. This is mainly because silver has been completely demonetized, whereas gold is still a part of the current system (think central banks gold reserves). When the illusion of money (value) is exposed for what it is (worthless paper or digits), then people will demand real money (value) like silver and gold.
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Monday, July 11, 2016
Silver COT update / Commodities / Gold and Silver 2016
This one will be brief…
Let’s stat with the overall NET POSITIONS chart:
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Sunday, July 10, 2016
Gold and US Dollar Trend Forecasts / Commodities / Gold and Silver 2016
While I’m expecting some kind of pullback at the $1390-$1400 level, I don’t think gold’s intermediate cycle will top until at least retracing the 50% Fibonacci level and probably back to $1550 by September. This will almost certainly be driven by an aggressive moved down in the US Dollar as it really starts to accelerate into the next 3 year cycle low due sometime net summer or fall.
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Sunday, July 10, 2016
The Big Silver Long - What Gives? / Commodities / Gold and Silver 2016
As Chris Powell of GATA made famous: "Price action makes market commentary".
Control the price of anything and you get control of the story. The U.S. Commodities Future Exchange (COMEX), a subsidiary of the Chicago Mercantile Exchange (CME), is central to price discovery – and nothing else can compete.
Price action on the big silver ETF, SLV does not (yet!) factor into a price that begins and ends with a trading structure that is rigged to the tune of a few traders who dominate one side of the trade.
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Sunday, July 10, 2016
Silver Prices - The Rise and Fall of the Specs With No Clothes / Commodities / Gold and Silver 2016
The mainstream financial media, as well as some retail investors, have awakened to the surge in the price of silver, relative to just about everything else in 2016.
And while this rally feels different, are we there yet? Or are we close to the point where COMEX doesn't matter as far as price discovery is concerned?
I realize the question always comes down to if not now, then when? But “how?” is a close second.
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Saturday, July 09, 2016
The Chartology of a Generational Gold and Silver Miners Move / Commodities / Gold and Silver Stocks 2016
This first chart for tonight is the GOLD:XAU ratio combo chart we’ve been following very closely. I just want to make it perfectly clear what this ratio chart is telling us. The ratio chart on top is telling us that gold is in a parabolic collapse vs the XAU after 20 years of out performance. Even though they can both go up together the XAU stocks are going up parabolic to gold as shown by the vertical move down in the ratio and the vertical move up in the XAU.
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Saturday, July 09, 2016
Jason Zweig: Still Wrong on Gold / Commodities / Gold and Silver 2016
Jason Zweig, who a year ago called Gold a “pet rock” is doubling down. He reiterates his belief, albeit a misguided one that Gold is a pet rock and justifies it with the usual anti gold bug propaganda. Unfortunately, Zweig along with many gold-bashers and ironically some gold bugs continue to either neglect Gold’s major fundamental driver or have no clue about it.
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Saturday, July 09, 2016
Brexit Vote and Gold / Commodities / Gold and Silver 2016
In a historic referendum, Britain voted to leave the European Union. We covered this topic in our Gold News Monitors a few times, however it is worth analyzing in more detail, as the Brexit vote entails important implications for the global economy and the gold market.
Initially, the Brexit vote led to short financial shock with a plunging pound and equities. However, the markets soon recovered, and the shock was not as bad as many had feared. Similarly, there was a knee-jerk reaction in gold, which boosted its price up to the $1,350 level immediately after the vote’s results were announced. As the chart below shows, the gold prices spiked in the U.S. dollar, in the Euro and, to a great extent, in the British pound.
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Friday, July 08, 2016
Gold Stocks Record Summer Surge / Commodities / Gold and Silver Stocks 2016
The red-hot gold miners’ stocks have continued blasting higher this summer on heavy ETF buying by professional money managers. Funds’ ongoing big capital inflows into this market-leading sector have overcome its usual summer seasonal weakness. While gold stocks’ odds-defying record early-summer surge certainly ramps short-term downside risk, this year’s dazzling new gold-stock bull still remains young.
Managing other people’s money is a hard and challenging job. Investors naturally expect and demand healthy returns after entrusting their hard-earned wealth to financial professionals. And if these fund managers fail to deliver, investors are quick to pull their capital and move it elsewhere. So the money-management industry faces staggering pressure to perform. The funds that don’t measure up risk extinction.
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Thursday, July 07, 2016
Greenspan, Gold, and the Banality of Evil / Commodities / Gold and Silver 2016
Under certain circumstances, seemingly decent human beings are capable of horrific things.
So it is with Former Federal Reserve Chairman Alan Greenspan, who parlayed his sound money bona fides into the top post at America's private banking cartel and current issuer of our un-backed currency. In betrayal of his own stated free-market principles, Greenspan spent his tenure at the Fed pumping up financial markets with easy money and enabling runaway government spending commitments.
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Thursday, July 07, 2016
How High Is 'Sky-High' Silver Price? / Commodities / Gold and Silver 2016
Now that the precious metals' five-year cyclical bear market is acting like it's been replaced by a vibrant bull run in the opposite direction (up!), many analysts who chided the ongoing rise in the mining stocks and metals that started in December 2015 are begrudgingly changing their "outlook" so they don't get left behind.
Some veterans are holding to long-stated targets, while others are raising them as Mr. Market gives us new information.
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Thursday, July 07, 2016
Get Gold At $356 Per Oz By Buying Silver Today / Commodities / Gold and Silver 2016
Gold is currently trading at around $1 370 an ounce. I like gold, but for me that is too expensive, even although I think it will increase significantly over the next couple of years.
Why do I think it is too expensive? Because I think there is a way of getting it at the equivalent of $345 an ounce, by buying silver instead.
In January 1980, silver and gold reached all-time high prices (at that time) of $50 and $850 respectively. Therefore, the Gold/Silver ratio at that time was about 17 (850/50).
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Thursday, July 07, 2016
Bill Gates And Other Billionaires Backing A Nuclear Renaissance / Commodities / Nuclear Power
Let's for a second imagine a world without nuclear energy. That's a tough one but let's try. No nuclear bombs, of course, no Chernobyl and Fukushima, no worries about Iran and North Korea. A wonderful world, maybe?Probably not, because without nuclear energy we would have burned millions more tons of coal and billions more barrels of oil. This would have brought about climate change of such proportions that what we have today would have seemed negligible.
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Wednesday, July 06, 2016
Gold Heading Toward $1,400 As Bull Run Commences / Commodities / Gold and Silver 2016
Gold's post-Brexit vote surge continues unabated, with Bloomberg reporting today that the price of the safe haven commodity has risen for six consecutive days.
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Wednesday, July 06, 2016
UBS States; “Gold Has Entered a New Phase “ / Commodities / Gold and Silver 2016
With gold prices having risen by 24% in dollar terms already this year, UBS analyst Joni Teves declared in a note to clients yesterday that “gold has entered a new phase”.
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