Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, June 22, 2016
Proof that the Gold Bears are Wrong / Commodities / Gold and Silver 2016
I am bullish on gold and I own gold and mining stocks, because gold is in a bull market.
I have been trying to do my best to tell people this, but many people simply do not believe it.
Gold and the mining stocks went through a very brutal bear market for five years and that makes it hard for people to believe that any of the rallies are real. What is more there are several “experts” that keep calling for gold to fall to $1,000 or even $250 an ounce that are scaring people out of gold.
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Wednesday, June 22, 2016
Gold Falls Despite “Panic” Due To “Supply Issues” In Inter Bank Gold Market / Commodities / Gold and Silver 2016
Gold fell again today to its lowest in a week despite continuing uncertainty about the outcome of the Brexit referendum. This is contributing to very significant high net worth and institutional demand in recent days, particularly in the UK, which is leading to “panic” and “supply issues” in the interbank gold market.
Supply issues which respected gold analysts and ourselves have warned in recent years were taking place, would deepen and would ultimately lead to a reset of gold prices to much higher levels.
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Wednesday, June 22, 2016
Gold and its 200 Week Moving Average / Commodities / Gold and Silver 2016
I think we can safely assume the Brexit vote is going to fail. This should be bullish for stocks and bearish for the dollar. A falling dollar should be good for gold. However, with stocks and oil moving higher it’s likely to take some focus off gold.
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Wednesday, June 22, 2016
Increase In U.S. Rig Count Will Not Cap Oil Prices / Commodities / Crude Oil
The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. The premise was you could get out of the army if you were crazy but you weren’t crazy to try to get out of the army. So this avenue to escape the war didn’t work for the book’s main character John Yossarian.Too many analysts continue to believe drilling and service has the same problem with rising oil prices. With WTI back above $50 a barrel – at least briefly last week – North American LTO developers are putting rigs, service equipment and personnel back to work. The so-called “fraclog” or “DUC” inventory (wells drilled but uncompleted) is being reduced. While this is good it is also thought by some to be temporary.
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Wednesday, June 22, 2016
Are Copper and China Stocks Set to Rally? / Commodities / Copper
Technical analyst and newsletter writer Clive Maund explores the link between an anticipated copper rally and an upswing in Chinese markets.
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Tuesday, June 21, 2016
Gold Falls As UK Gold Demand “Rockets” – Investors “Seek Stability” / Commodities / Gold and Silver 2016
Gold fell again today despite very robust physical demand in western markets and especially the UK. Gold fell to a ten-day low as the recent global share rally showed signs of exhaustion.
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Tuesday, June 21, 2016
$GOLD vs. Brexit / Commodities / Gold and Silver 2016
I see traders everywhere worrying about how the Brexit vote will effect gold. Folks, forget about the Brexit. By this time next week the Brexit will already be fading into memory and the market will go back to doing what it was doing before the vote.
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Tuesday, June 21, 2016
Is It Time to Dump Gold and Buy Platinum? / Commodities / Platinum
Bob Moriarty explains why precious metals investors may want to look beyond gold to a commodity with a long history and an interesting relationship to the yellow metal.
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Monday, June 20, 2016
Could Central Bankers Be Gold and Silver's BIGGEST Allies? / Commodities / Gold and Silver 2016
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up we’ll hear from Dan Norcini, who joins us to break down the markets like no else one can. Dan discusses some of the wild moves in the markets of late, the thing he focuses on the most when trying to predict what’s ahead for gold and why he does not think the gold price is currently being manipulated. You will not want to miss an incredible interview with Dan Norcini, Trader Dan, coming up after this week’s market update.
Well on Wednesday, Federal Reserve policymakers opted to keep interest rates unchanged. The decision came as no surprise in the wake of the recent disappointment in jobs numbers.
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Monday, June 20, 2016
Will Gold’s Bullish Price Chart Outperform Gold’s 5 Bearish Indicators? / Commodities / Gold and Silver Stocks 2016
We are very closely watching the trend in the gold market, and we know that readers are doing the same based on the many thousands of views on our latest gold articles.
Earlier this week, we wrote that $1,291 is an extremely important gold price, and that at least 5 consecutive closes above that price would suggest the bull market in gold has returned. We explained why $1,291 is such an important gold price, and why June 2016 is an incredibly important month. Please re-read Gold bull or bear market: Why June 2016 is the most important month of the decade for gold.
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Monday, June 20, 2016
The Dow/Silver Ratio Signals All-Time High Silver Prices / Commodities / Gold and Silver 2016
I have written extensively about the relationship between the Dow and silver prices. One of the points I have emphasized, is the fact that Dow peaks are often followed by silver rallies.
Given the above, its natural that the Dow/Silver ratio is also an important indicator for future silver prices. One example of this, I deal with in my silver fractal analysis report:
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Sunday, June 19, 2016
Silver Sleeping On the Job / Commodities / Gold and Silver 2016
In the time of the ancient Babylonians - long before the periodic table - there were seven sacred metals: gold, silver, copper, iron, tin, lead and mercury.
In Roman and Greek Mythology, the First Age was called Golden, the Second Age Silver. Apollo, the god of truth and light, and teacher of medicine, carried a silver bow.
The hieroglyph of Isis (Egyptian moon goddess) is a crescent and images of her are usually reproduced with her standing on the Crescent. This has also become the symbol for silver – on old maps a crescent shows the location of a silver mine.
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Saturday, June 18, 2016
Gold And Silver – Insanity Is World “Norm.” Keep Stacking! / Commodities / Gold and Silver Stocks 2016
We know of no discernible line where stupid begins; for sure, it does not end. There are two primary reasons for the never-ending goal of buying and holding physical gold and silver:
1. Both are the only valid form of money. Yeah, yeah, anyone can argue sea shells, livestock, whale’s teeth, barter, any form of paper, etc, etc, etc, but none of them will fly now or even in the last century. When all is said and done, throughout the history of
mankind, gold and silver rule.
Saturday, June 18, 2016
Gold Stocks - Bull Markets that Follow Epic Bears / Commodities / Gold and Silver Stocks 2016
The gold mining stocks continue to defy any bearish price action or perceived bearish development. Pundits first warned because of the “bearish” CoT data. The commercials are always right and a big decline is coming! Then we heard the miners were too overbought and would have to correct 20%. (I thought this once or twice!) Next we heard Gold was forming a head and shoulders top. Conventional analysis is failing in trying to predict or even explain what is happening and why. A look at history helps explain why the gold mining sector has remained extremely strong and almost immune to any sustained correction. Simply put, history shows that epic bears give birth to bull markets that in their first year do not experience any significant correction or retracement.
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Friday, June 17, 2016
The Fed Giveth and the Gold Bullion Banks Taketh Away… / Commodities / Gold and Silver 2016
Precious metal expert Michael Ballanger breaks down the gold price roller coaster surrounding the Fed's decision not to raise interest rates.
Janet Yellen just blew all remaining semblances of credibility believed to be still present at the U.S. Federal Reserve Board.
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Friday, June 17, 2016
Gold Stocks Summer Breakout? / Commodities / Gold and Silver Stocks 2016
The red-hot gold stocks surged again this week in an apparent early-summer breakout. This strong buying is defying their seasonally-weak odds this time of year. Investors are flocking back to the miners as gold powers higher on also-counter-seasonal strong investment buying. Such unprecedented gold-stock strength in early June highlights how undervalued the miners remain relative to gold, but is suspect.
Summers are usually lackluster times for gold, and thus silver and their miners’ stocks. These summer doldrums exist for a couple reasons. Gold simply enjoys no recurring demand spikes driven by cultural or income-cycle factors in June and July unlike during most of the rest of the year. It’s before the Asian-harvest, Indian-wedding-season, and Christmas gold buying that flares up like clockwork in second halves.
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Friday, June 17, 2016
Silver Wildcats - And The Day Futures Died - Part 1 / Commodities / Gold and Silver 2016
From Legends to Bankers
Yes, there has always been price manipulation.
There will always be price manipulation.
From the time of Caesar, through the American Civil War and into the 20th and 21st centuries.
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Friday, June 17, 2016
How to Use the Gold-to-Silver Ratio? / Commodities / Gold and Silver 2016
We have debunked the myth that gold-to-silver ratio should revert to its “true” level around 16. The predominant range for the ratio in modern times is rather well between 40 and 80. Moreover, the notion that the gold-to-silver ratio should revert to some historical average makes no sense. The relative valuation between these two precious metals depends on market forces, like the health of the world economy and monetary demand for both metals, or industrial demand for silver. Such factors change over time. For example, gold has nowadays much higher monetary demand compared to silver than in the past, which largely explains why the average ratio in the 21st century was on average higher than earlier.
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Friday, June 17, 2016
Inflation, Deflation & Associated Trading Prospects / Commodities / Commodities Trading
Recently I have gotten wordy about the decline in ‘inflation expectations’ beginning on June 2, right on through yesterday’s update of the TIP-TLT ratio and TLT in essence, attaining their targets. The implication would be that the mini deflation whiff is coming to its limits.
As often happens at potential limit points, the market’s crosscurrents are strong. As noted yesterday, USD, gold, silver and the gold miners all did in-day reversals as items that had been risk ‘off’ got hammered. ‘What, USD and gold in lockstep? What is the meaning of this?!?’ think inflationists. See yesterday’s in-day post Strange Bedfellows.
The meaning is that these items, along with the VIX and US Treasury bonds have been plays for a risk ‘off’ market as it got the jitters over deflation. Gold miners had been, however fleetingly, rising in line with their counter-cyclical fundamentals and this is the mirror image to the reasons why I so often parrot that if you are a gold miner bull, realize that fundamentally at least, the sector is done no favors in an inflationary backdrop (price, for long stretches of time, can be something else all together).
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Friday, June 17, 2016
Gold Price Surges to Highest in Nearly Two Years On Central Bank and Brexit Haven Demand / Commodities / Gold and Silver 2016
The gold price surged to their highest level in nearly two years yesterday on BREXIT concerns and deepening concerns that central banks are slowly losing control of the financial and monetary system.
Gold subsequently fell quite sharply below the key $1,300 level but remains roughly 1% higher for the week in all currencies and is on track for its third week of gains.
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