Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Saturday, April 16, 2016
Gold Price What Breakout? / Commodities / Gold and Silver 2016
The latest gold COTs are out and they are an absolute horror story, with Commercial short and Large Spec long positions having ramped up to multi-year extremes, which we can take to mean that the dollar is not going to crash its support in the 93 area and will instead rally.
While PM stocks have broken higher, gold has stubbornly refused to and has been dropping back in recent days to complete the Right Shoulder of what is believed to be a Head-and-Shoulders top, as we can see on its 6-month chart below. Once it breaches the neckline of the pattern it should plunge. This will not be a surprising outcome, as it is very rare for a parabolic blowoff move such as we saw earlier to be followed by continued advance.
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Saturday, April 16, 2016
Stronger Reasons For Buying Gold/Silver Right Now / Commodities / Gold and Silver 2016
Almost all of those in the precious metals community are avid consumers of news and statistics pertaining to gold and silver [PMs], such has how many tonnes of gold are being purchased by China, mostly. How much gold does China really own, certainly far more than the "official figures" provided by the Chinese, and certainly far less than that country admits.
Then there are the ongoing published figures of how many gold and silver coins that are being purchased each month, one record month leading to another. "Demand is going through the roof!!" Coupled with those figures are mining supplies v world demand, especially bullish for silver, almost beyond imagination. Added to the mix are the COMEX and LMBA, paper perpetrators of fraud, ruled by the moneychangers and not by the exchanges themselves. These now illegitimate exchanges no longer function as exchanges where one can take delivery on the contract[s] owned.
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Friday, April 15, 2016
Gold Stocks Double, To Double / Commodities / Gold and Silver Stocks 2016
Gold-mining stocks surged higher this past week after breaking free from their high consolidation. This newest upleg catapulted gold stocks to a doubling in less than 3 months, a remarkable world-leading performance. But despite its quick doubling, this red-hot sector still has another easy doubling left to come from here. Gold-mining stocks still remain greatly undervalued relative to prevailing gold prices.
Gold stocks’ whipsawing journey so far this year has been nothing short of incredible. Back on January 19th, less than 3 months ago, the flagship HUI gold-stock index plunged to 100.7. Those levels were utterly astounding, as that was the HUI’s lowest close since July 2002. Back then gold was trading near $305, and had yet to exceed $329 in its young secular bull. Revisiting those levels felt like a gold-stock apocalypse.
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Friday, April 15, 2016
Gold Price Suppression, Paul Volcker and the Vatican Bank - Video / Commodities / Gold and Silver 2016
Transcript Excerpt: hi it's Friday April 15th 2016 I like to talk about today something that you know
years ago and still nowadays to some extent is still considered conspiracy
theory in my opinion is considered the truth by there is a truth that's
uncomfortable when the establishment and the corporate media which is owned by
the establishment you know and big banks and corporations and is the subject of
precious metals manipulation you know especially gold and silver as well of
course and a lot of people you know that don't know much about money and the
nature of money in the history of the monetary system when you tell them that
you know gold is manipulated or suitors manipulated you know they don't
Friday, April 15, 2016
Silver's Bearish Rally / Commodities / Gold and Silver 2016
Silver moved sharply higher recently along with mining stocks, but unlike the latter, the white metal continued to show strength even on Thursday by holding up well despite gold's and mining stocks' decline. What does this tell us?
It tells us that a decline is very likely to be seen shortly. Let's see why (charts courtesy of http://stockcharts.com).
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Friday, April 15, 2016
Silver Up 5.6%; Gold Down 1% as Deutsche Bank Settles Gold and Silver Manipulation Suits / Commodities / Gold and Silver 2016
Silver prices have surged 5.6% this week, while gold is down 1% in dollar terms, 1.5% in sterling terms but flat in euro terms. Gold appears to be consolidating after the recent gains and the bounce in stocks this week is likely leading to traders taking profits.
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Friday, April 15, 2016
How Do the Gold ETFs Really Work? / Commodities / Gold and Silver 2016
To understand the relationship between the gold ETFs’ inventories and the price of gold it is necessary to grasp how the ETFs work. As we already know, the aim of gold ETFs is to replicate the performance of gold. How do they achieve that? Surely, they purchase and hold the gold bullion (at least SDPR Gold Trust claims to do it, since many other gold ETFs hold gold futures contracts rather than bullion, but it does change the underlying mechanism at work). This is basically why the ETFs net assets value (NAV) tracks the price of gold so well. What is NAV? It is the sum of funds’ assets less any liabilities, divided by the number of outstanding shares. Assume that there are 1000 shares of an ETF, which holds 100 ounces of gold. If the price of gold is $1200 per ounce, the NAV amounts to $120. Since SPDR Gold Trust holds only gold bullion, the net assets value of a GLD share will naturally move by the same percentage as the gold prices (regardless of the absolute level of gold inventories).
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Friday, April 15, 2016
Gold Miners Arrived At Huge Resistance After An Incredible Rally / Commodities / Gold and Silver Stocks 2016
Gold is definitely story of 2016, at least so far. The yellow metal rose some 25% in the first quarter. That rally was impressive, but the performance of precious metals miners was even better, as the rally of most gold miners surpassed 100% in 2016. Incredible.
Is this the time to enter the gold mining space or stay on the sidelines?
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Thursday, April 14, 2016
Silver Manipulation Cultists Cheer “Proof” / Commodities / Gold and Silver 2016
Ah yes, the silver manipulation crowd is ecstatic this AM as they gleefully point to news that Deutsche Bank has agreed to settle in a class action lawsuit which claimed that it, along with several other large banks, had been rigging the silver price at the London Silver Fix.
The claim by the silver cultists is that the bank would not have agreed to settle if they had done nothing wrong. Hello? Ever heard of companies settling nuisance lawsuits to make them go away? Nowadays it is called the “cost of doing business”.
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Thursday, April 14, 2016
Gold Could Explode Higher as Precious Metals Become Shariah Compliant / Commodities / Gold and Silver 2016
You won’t find any mainstream articles on the Jubilee Year’s secret timeline for financial ruin. Hell, you won’t even find alternative media articles on it – except here at TDV. But that doesn’t mean people aren’t aware of what’s going on. In this case, the top money men in the Middle East are racing to get gold approved as a Shariah compliant asset.
You can bet the smart Middle Eastern money is getting ready to hit the yellow metal hard. The demand may contribute to the gold market’s already significant buoyancy this year – as Middle Eastern buyers jump into considerable tonnage as soon as possible.
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Thursday, April 14, 2016
Tesla And Other Tech Giants Scramble For Lithium As Prices Double / Commodities / Lithium
Demand for lithium -- the hottest commodity on the planet and the only commodity to show positive price movement in 2015 -- is poised to continue on its upward trajectory, becoming the world's new gasoline and earning the moniker of "White Petroleum". And the battle for market share in and around this commodity has everyone from major tech players to trend-setting investor gurus vying for a foothold.
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Wednesday, April 13, 2016
Gold and Silver Shares – How High Can They Go? / Commodities / Gold and Silver Stocks 2016
In December 2003 Edward Gofsky wrote a great article titled,“The 21st Century Gold Rush:
How High Can Gold and Silver Stocks Go?
Higher Than You Might Think!!”
Being a bull on the precious metals I thought then what a great article. I have been in touch with Edward and he has given me permission to use his article.
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Wednesday, April 13, 2016
Buy Gold – Advises HSBC / Commodities / Gold and Silver 2016
Buy gold is the call of HSBC technical analysts who are becoming increasingly bullish on gold and increasingly bearish on stocks as reported by Business Insider.
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Wednesday, April 13, 2016
Natural Gas Rebound Meets Resistance / Commodities / Natural Gas
The recovery in gas prices from the March lows continues to play out, although it is increasingly evident that fundamental conditions will not alleviate the downside pressure on prices over the near-to-medium term especially as seasonal demand factors subside. With production possibly to climb amid higher prices, the stage is set for a renewed downturn in prices following the technical correction higher in prices, aided in part by a brief cold front that swept across the United States. Demand growth on its own will not be enough to offset the record seasonal storage levels, with only falling supply helping to correct the ongoing imbalance.
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Tuesday, April 12, 2016
Commodities Rally / Commodities / Gold and Silver 2016
Commodities (S&P GS commodity index) saw their first rally in three weeks last week with a gain of 3.98% to close at 329 (thanks to Friday's 4.05% gain). If BWI hadn't moved into a confirmed sell-mode last week, commodities look as if they are extending the Jan. rally. Bulls wait for a close over the March high at 337. Bears get short on any sign of a double top near that same level.
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Tuesday, April 12, 2016
Surging Mining Stocks Point to Big Move Ahead in Gold and Silver / Commodities / Gold and Silver 2016
Spring has sprung for precious metals mining stocks.The HUI gold stocks index surged 6.2% on Monday to close at a 14-month high. The HUI chart shows a strong base was built from last summer through this January, and from that base a new bull market has begun.
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Tuesday, April 12, 2016
Gold Money or Digital Money? / Commodities / Gold and Silver 2016
Guest Post from Graham Reinders, an intelligent man with vast experience. (slightly edited)
What Do We Want From Gold?
- Roosevelt proved that gold was a political/financial tool, and its value is politically governed.
- Nixon proved two things: that the “Gold Standard” was nothing more than an arbitrary political tool, and indeed he made gold “legally” not money anymore. To make it illegal is an easy step if necessary. Gold is now such a small fraction of the economy I do not think it matters except as an underground currency.
Tuesday, April 12, 2016
Gold Commitments of Traders / Commodities / Gold and Silver 2016
There was little change in this week’s Commitments of Traders report when it came to the positioning of traders within the gold futures market.
Here is an updated chart reflecting the current composition.
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Tuesday, April 12, 2016
Silver Price Surges 8% In 6 Days To Over $16 Per Ounce / Commodities / Gold and Silver 2016
Silver bullion prices surged 3.65% yesterday and have surged 8% in just six trading days. Silver rose 56 cents from $15.34 to $15.90 per ounce yesterday, made further gains in Asian and early European trading and broke above the psychological resistance of $16 per ounce.
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Tuesday, April 12, 2016
Long and Intermediate Trends Crushing Gold and Silver Commercials… / Commodities / Gold and Silver Stocks 2016
Precious metals expert Michael Ballanger discusses the tug-of-war going on between the Japanese yen and the U.S. dollar/Chinese yuan, and its effect on precious metals.
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