Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, June 16, 2016
How Will a Brexit Vote Impact Gold and Silver Prices? / Commodities / Gold and Silver 2016
The June 23 referendum on whether or not the UK should leave the EU is fast approaching. New polls show that those favoring a leave vote or “Brexit” are leading by 10 to 20 points.This has sent ripples through the markets, as a Brexit is likely to cause economic chaos in the EU, cripple European banks and lead to a Recession.
It is not that voters in the United Kingdom want nothing to do with the EU. Instead, they prefer a mutually-beneficial economic relationship, rather than an economic and political arrangement with the Europenan Union:
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Thursday, June 16, 2016
FED Leaves US Interest Rates Unchanged, Gold and Silver Bounce / Commodities / Gold and Silver 2016
Gold and silver both erased morning declines and pushed higher today after FED chair Janet Yellen announced they would leave interest rates unchanged. Policy makers gave a mixed picture of the U.S. economy, citing growth in some sectors but slowing job gains. While the median forecast of 17 policy makers remained at two quarter-point hikes this year, the number of officials who see just one move rose to six from one in the previous forecasting round in March. The market now sees less than a 50 percent chance of even one rise by year-end. I also expect a maximum of one rate hike this year from the Fed Chair Who Keeps Yellen’ Wolf.
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Thursday, June 16, 2016
Crude Oil Price - Oil Bears vs. Support Zone / Commodities / Crude Oil
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
On Tuesday, crude oil lost 1.36% as rising uncertainty around Brexit weighed on investors' sentiment (leaving the European Union by Britain could trigger a recession and slow demand for crude in Europe). In these circumstances, light crude declined under the short-term support line and approached the Jun lows. Will we see lower prices in the coming days?
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Wednesday, June 15, 2016
The Rush to Gold: A New Respect Is Growing / Commodities / Gold and Silver 2016
You didn't come here today for bad news. There's plenty of that everywhere you look, and even where you don't look.
So here's the good news. A new rush to gold has begun. To see where we're headed, let's first see where we've been.
Gold and silver owners in the first ten years of this new century were in for quite a ride, watching gold soar to $1,895 and silver to $49 by 2011. Even those who jumped in midway saw their paper money values zoom.
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Wednesday, June 15, 2016
Gold Bull Or Bear Market: Why June 2016 Is The Most Important Month Of The Decade / Commodities / Gold and Silver 2016
Gold is said to be in a bull market again, but we disagree with that. According to our methodology, gold will only enter a bull market if it will trade for at least 5 consecutive days above $1291. So far, that has not happened, but could happen in June of 2016.
The reason why $1291 is such a hugely important price point for gold can be derived from gold’s long term chart seen below. Basically, $1291 is both a key Fibonacci retracement level for gold’s secular uptrend (from 2001 till 2011) and the resistance line of the bear market. The combination of both has an extremely high importance.
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Wednesday, June 15, 2016
Gold Price Rally / Commodities / Gold and Silver 2016
A solid bid returned to the Gold sector this past week as the market saw a solid Gold Rally. And the GLD ETF alone added more than 15 tons of Gold. The precious metals Miners, which had fallen 10% from their recent Cycle highs, rallied to recover all of their losses, and to print new 2016 highs.
Considering that the Dollar also moved sharply higher last week (and continued to start the week) out of its own Cycle Low, the action in the Gold market is surprisingly bullish. If Gold were destined to decline for one more Daily Cycle into an Investor Cycle Low (ICL), I would have expected a rising Dollar to be the catalyst to send it lower.
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Tuesday, June 14, 2016
Is Gold-to-Silver Ratio Too High? / Commodities / Gold and Silver Stocks 2016
The gold-to-silver-ratio is an indicator that shows how many silver ounces are required to purchase an ounce of gold. The gold-to-silver ratio is one of the most important parameters in the precious metals market, as it measures the relative value of gold and silver. Therefore, it is a useful tool indicating whether gold or silver is undervalued or overvalued relative to each other. Investors can use the ratio as a timing indicator deciding when to buy gold or silver, or which metal to buy at any given time. When the ratio is low, it means that silver is overvalued relative to gold (and vice versa).
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Tuesday, June 14, 2016
Gold Stocks Ultimate Objective in a World of Monetary Transition / Commodities / Gold and Silver Stocks 2016
Gold Tenters: Here is my study of where gold stock prices are headed over the next 10 years. I regard it as rather epic. You have seen gold bugs bloviate about pie in the sky numbers, however I am trying to do legit analysis to come up with a process which justifies an actual price objective. I encourage your feedback before I publish , consider it your weekend reading- Plunger
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Tuesday, June 14, 2016
George Soros Making Big Bets on Gold / Commodities / Gold and Silver Stocks 2016
George Soros has joined fellow billionaire investors Stan Druckenmiller and Ray Dalios on investing big in gold. Precious metals expert Michael Ballanger explains what is behind these moves.
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Monday, June 13, 2016
Does the Fort Knox Gold Really Exist? / Commodities / Gold and Silver 2016
The Fort Knox Bullion Depository OFFICIALLY contains 147.3 million ounces of gold.
REALITY:
The gold is listed on paper and in official pronouncements.
However, it has also been officially pronounced that:
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Monday, June 13, 2016
Gold In Sterling Up 1.7% On BREXIT Jitters - Surges 10% In June / Commodities / Gold and Silver 2016
Gold in sterling has risen another 1.7% today due to deepening BREXIT jitters with just 10 days left until the referendum on June 23. The flight to gold and sell off in sterling came as Asian and European stock markets fell and European equities headed for their lowest close since February.
Gold in sterling has risen from £892.50/oz to £908/o today and is up 10% in the first 9 trading days of June, from £827 to £908/oz, as investors diversify into safe haven gold due to concerns Britain will vote to leave the European Union.
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Saturday, June 11, 2016
Why Samsung Is Not Buying Silver - REDUX / Commodities / Gold and Silver 2016
Actually… that old headline above is not quite accurate.
However, the implications have not changed - and could be playing out as I write this.
(Silver, despite bearish COMEX positioning, has broken out of a key moving average and seems to be accelerating…)
Samsung, the giant electronics conglomerate, formed an agreement with Avino Silver and Gold Mines Ltd. in July 2015.
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Friday, June 10, 2016
Gold Stocks Retreat at Resistance / Commodities / Gold and Silver Stocks 2016
Over the past two weeks gold stocks have surged more than 20% as the awful jobs report forced the bears to capitulate. That strong of a move in a brief amount of time will naturally slow or correct. Furthermore, gold stocks touched resistance Friday morning which led to a bearish reversal. While the bullish trend remains intact, the odds favor lower prices in the days ahead.
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Friday, June 10, 2016
Massive Gold Stock Investment Buying / Commodities / Stock Markets 2016
Gold’s strong gains so far this year have been overwhelmingly fueled by one dominant driver, massive investment buying. After shunning prudent portfolio diversification with gold for years, investors are finally starting to reestablish those essential positions. And since their collective gold holdings were so incredibly low heading into 2016, reflecting hyper-bearish sentiment, gold’s investment buying has only begun.
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Friday, June 10, 2016
George Soros Buying Gold On BREXIT, EU “Collapse” Risk / Commodities / Gold and Silver 2016
George Soros is again buying gold and selling and going short stocks due to BREXIT and EU “collapse” risk, after a six year hiatus from the gold market.
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Friday, June 10, 2016
Dollar, Gold and Silver Chart Analaysis / Commodities / Gold and Silver 2016
$USD – If the dollar gives us a normal duration intermediate cycle, it will not be due to bottom until September or October.
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Friday, June 10, 2016
Gold, Silver and HUI Analysis / Commodities / Gold and Silver 2016
Ever since that abysmal payrolls number hit the wires, gold has performed exceedingly well. Additionally, it does seem as if there is some strong gold buying ahead of the upcoming “Brexit” vote, an event which has the potential to create a fair amount of chaos depending on which way it goes.
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Thursday, June 09, 2016
Which Presidential Candidate is Better for Gold? / Commodities / Gold and Silver 2016
Hard Asset Alliance writes: Now that we’ve got the presidential race narrowed to three candidates, let’s examine which one might be better for gold investors.
2016 seems to be the year of the “alternative candidate,” and so hedge fund manager Dan Tapiero looked at how each candidate might impact the “alternative investment” of gold.
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Thursday, June 09, 2016
Natural Gas Fails to Overcome Key Technical Level Despite Surge Higher / Commodities / Natural Gas
Although there is growing evidence to suggest that natural gas prices have broken out to the upside, recent price action over the last few sessions indicates that the rally has stalled and that key resistance remains in the way of a further climb. While fundamentals have not greatly changed over the last few weeks, natural gas prices have experienced a near 25.00% rally in just over two weeks. One of the key contributors remains higher average temperatures across the United States and predictions about the La Niña cycle will impact weather conditions going forward. However, should prices remain high, the falling rig count could conceivably reverse, bringing more supply to market and driving natural gas in storage even higher from current levels, adding to downside price pressures and causing natural gas to pullback from the current trend higher.Read full article... Read full article...
Thursday, June 09, 2016
Agri-Commodities Winning in 2016 / Commodities / Agricultural Commodities
The inevitable just seems to keep coming around. That over time food would become scarcer in our world has been well known for decades. Simply put, global demand for food continues to expand. Inevitable scarcity of food for the world is occasionally hidden by short-term bursts of exceptionally good harvests. But, exceptionally good is not a normal state for world's Agri-Food production.
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