Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.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.
Friday, April 08, 2016
Crude Oil Price $85 Forecast By Christmas / Commodities / Crude Oil
After a 50 percent rally in oil prices between February and March, crude has retreated a bit as of late. The upcoming OPEC-Russia meeting in Doha looms over the markets, but few expect the outcome to have any material impact on supply and demand. Global supply still exceeds demand, but there are solid signs that the overhang is finally starting to ease. Storage levels are high, but are expected to come down.
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Friday, April 08, 2016
Gold Defies Stocks Bear Market Rally / Commodities / Gold and Silver 2016
Gold has spent much of the past couple months consolidating, vexing traders and bleeding away most of early 2016’s enthusiasm that catapulted the yellow metal higher. But this sideways grind has actually been a very impressive show of strength. Gold managed to hold its massive gains despite an incredible stock-market rally, which can really sap gold investment demand. This portends another major gold upleg.
Gold’s performance this year has been nothing short of remarkable. This unique portfolio-diversifying asset that tends to move counter to stock markets was universally loathed as recently as December. It actually fell to a 6.1-year secular low the day after the Fed’s first rate hike in 9.5 years. The vast majority of investors scoffed at gold, believing it was doomed to spiral lower indefinitely with the Fed tightening.
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Friday, April 08, 2016
Gold Sector: Macrocosm Updated / Commodities / Gold and Silver 2016
We do in depth analysis on a weekly basis (and every day in-week) because there is no substitute for working to be right with the market's evolving situation as opposed to making bias or ego stoked calls in hopes of being right.
The current situation has seen some calling 'bullish' on the stock market despite a still intact bear trend (noted repeatedly in NFTRH ), people going bullish on commodities despite their "bounce only" (also noted repeatedly) status in the absence of real, market-based inflation signals (which I do think are coming soon) and global markets bouncing within bear trends of varying degrees.
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Friday, April 08, 2016
Do ETFs' Flows Drive the Gold Price? / Commodities / Gold and Silver 2016
What are ETFs? The ETFs, or Exchange-Traded Funds, are funds that track indices, commodities or securities. The ETF shares are securities that closely resemble the yield and return of its native index, but - unlike mutual funds units - can be traded just like common stocks. The gold ETFs are a special type of ETFs that track the price of gold. The ETFs are backed by physical bullion (or gold derivative contracts), but investors do not own any gold and they cannot even redeem their shares in gold (only authorized participants can do that, thus private investors liquidate their holdings by selling their ETF shares on the open market). The two largest gold ETFs by assets are the SPDR Gold Trust (GLD) and the iShares COMEX Gold Trust (IAU).
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Friday, April 08, 2016
No. 1 One Reason To Buy Gold and Silver Is “Cyber Financial Warfare” / Commodities / Gold and Silver Stocks 2016
The number one reason to buy gold bullion given the new risks in the 21st century digital age is “cyber financial warfare,” Jim Rickards, Chief Global Strategist at West Shore Funds told “Bloomberg Markets.”
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Friday, April 08, 2016
Goldman Sach's Dubious Advice 'Short Gold!' / Commodities / Gold and Silver 2016
Those betting against Goldman Sach's retail investment advice have generally been on the right side of things.
The same thing is about to happen again.
"Short gold! Sell gold!" said Goldman's head commodity trader, Jeff Currie, during a CNBC "Power Lunch" interview.
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Friday, April 08, 2016
Lumber Commodity Price Limbers Up / Commodities / Gold and Silver 2016
The lumber price has traded pretty much exactly as outlined in analysis, titled Lumber Lambasted and Lumber Looking Lousy, produced in May 2015 and September 2015 respectively.
I expect price to continue to trade as outlined in those analyses but it doesn't hurt to update the picture so let's do just that beginning with the monthly chart.
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Thursday, April 07, 2016
The New Case For Gold / Commodities / Gold and Silver 2016
James Rickards, Chief Global Strategist at West Shore Funds and a widely renowned author is interviewed by FRA Co-founder Gordon T. Long in which they discuss Jim’s just released book The New Case for Gold. They also delve into issues concerning the false perceptions of the world switching back to a Gold Standard and the reasons for a suspected G-20 stealth “Shanghai Accord”.
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Thursday, April 07, 2016
The Interesting Relationship Between Silver Rallies and Interest Rates / Commodities / Gold and Silver 2016
It is not well known, that historically silver and interest rates have actually moved together (in the long-term). When interest rates are going up, then silver is going up. When interest rates are going down, silver is going down. In the short-term, interest rates and silver can diverge (like since about 2002 to now); however, this is temporary.
Interest rates have been going down for the last 34 years. Due to this long downward trend, many believe that interest rates will not rise. Unknowingly (due to the correlation between silver and interest rates), they indirectly believe that silver will not rise.
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