Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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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Tuesday, April 12, 2016
Silver Price Climbs to $16, Confirming Gold’s Breakout / Commodities / Gold and Silver 2016
Hi Ho Silver, Away!
Precious metals have registered a blistering start to the year. After more than four years of defeat, gold bulls once again have something to be excited about. The gold price is up 19% year to date and the mining stock ETF (GDX) is up over 60% since the start of the year. Not bad for a barbarous relic!
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Monday, April 11, 2016
HUI Goldbugs Index : Some Perfect Chartology / Commodities / Gold and Silver Stocks 2016
Below is a daily chart for the HUI which shows one of the original patterns that formed the, what turned out to be a Diamond reversal pattern to the upside. There are at least several more reversal patterns that formed at this most important low. As you can see the Diamond had seven reversal point making it a reversal pattern to the upside. The breakout was accompanied by a gap and then a backtest to the top rail. Everything looked good to go at that point then after just four days of rallying the HUI quickly reversed direction and traded below the apex of the blue triangle which is not what I wanted to see as that usually is a bearish setup in this case.
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Monday, April 11, 2016
Crude Oil Stocks - For the Bulls or Bears? / Commodities / Oil Companies
In the previous month, crude oil extended gains and climbed above the barrier of $40. Despite this improvement, the combination of resistance levels encouraged oil bears to act, which resulted in erasing 40% of the previous upward move. What happened at the same time with oil stocks? What's next for the XOI? Let's jump right into charts (chart courtesy of http://stockcharts.com ) and find out what can we infer from them about future moves.
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Monday, April 11, 2016
Commercial Gold Traders Appear to be Losing Their Grip! / Commodities / Gold and Silver 2016
For years the best trading strategy in gold and silver has been to buy when the ‘net short’ position of commercial traders was low, and sell when the numbers were high.
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Monday, April 11, 2016
Gold Mining Shares Topping, Drop Due / Commodities / Gold and Silver Stocks 2016
Either we saw a top in the mining shares Friday or we will see it on Monday. The cycles suggest a low around April 19th and the e-wave pattern suggests a continuation higher after the bottom is put in, likely into early June.
The 8 year low still looms in the fall. I still believe we will see lower prices after the spring rally terminates, and lower stock prices and a strong dollar play havoc with the commodity sector.
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Saturday, April 09, 2016
Is Silver a Long Term Buy or Bull Trap / Commodities / Gold and Silver 2016
Vimal Patel writes: Conflicting charts patterns suggest we may be entering a long term Bull market
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Saturday, April 09, 2016
Gold and Silver: Ripe for a Recovery! / Commodities / Gold and Silver 2016
China May well Change the Game
- China lifts reading of cenbank gold holdings by 57 pct
- Gold now accounts for 1.65 pct of total forex reserves
Saturday, April 09, 2016
Gold And Silver - Fallacy Of East v West And Price Of Precious Metals / Commodities / Gold and Silver 2016
The ongoing draining of gold from West to East is not a sign of deteriorating viability of the globalists and their takeover/total control of the world. The Game remains the same, the controlling elites remain the same, it is only the players that are changing: China, Russia, replacing US, UK/EU.
Take Putin, aka Russia, for example. He has had a long-term association with Heinz [Henry] Kissinger, a higher-tiered "gofer" for the global elites. They met again in early February, when Putin welcomed globalist-NWO-agenda-pusher Kissinger as an "old friend," referring to him as a "world class politician." Putin embracing a globalist is no accident.
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Saturday, April 09, 2016
Can Silver Keep Pace With Gold? / Commodities / Gold and Silver 2016
By Debbie Carlson | Contributor: Some investors like silver’s dual status as an alternative currency and industrial commodity.
Gold’s surprising strength in price is capturing headlines, but another precious metal, silver, is chasing gold’s coattails – without the fanfare.
Silver futures are up about 8.5 percent this year, making it stand out among other commodities and financial markets. Investors snapped up coins, with U.S. Mint data showing March silver coin sales were up 17 percent over the previous year’s figure. Inflows into silver-backed exchange-traded funds witnessed their highest monthly inflow since December 2010, according to Commerzbank.
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Saturday, April 09, 2016
Rickards Confirms Gold Shortages: China Wants Way More Than Can Be Obtained / Commodities / Gold and Silver 2016
Exclusive Interview with Jim Rickards on the Confused Fed, Gold Manipulation, and Negative Interest Rates
Dear Reader,
Hi, best-selling financial author and trusted government currency adviser Jim Rickards here.
If you haven’t heard, I’ve just released a new book called The New Case for Gold. The book warns of a few critical dangers that every American should begin preparing for right now.
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Friday, April 08, 2016
Gold Stocks Breakout, Gold to Follow / Commodities / Gold and Silver 2016
Last week we concluded:
Read full article... Read full article...As long as the gold stocks continue to hold support for another week or two then the near term outlook is bullish. A bull flag is a consolidation pattern that separates two strong moves. It could be developing in the miners. There is logical reason to be cautious if not bearish at this point. The metals look okay at best while the miners remain somewhat overbought. However, the action in the miners, if it continues for another few weeks is telling us what could be ahead.