Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, April 07, 2016
Gold Ratio Charts Revisited / Commodities / Gold and Silver 2016
As the consolidation phase continues to build out from this first impulse move up in the precious metals sector lets review some of the charts we’ve looked at previously that suggested the bear market might be over. Most of these charts will be ratio charts which compare different sectors to one another These rather complex charts can give us some hidden clues that an important reversal may have taken place.
The consolidation process takes its toll on both the bulls and the bears alike. As you know there are never any guarantees of anything when it comes to the markets so it’s always important to try and get the big picture right to get the odds in your favor.
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Thursday, April 07, 2016
Gold Once Again Proves To Be The Best Defense Strategy / Commodities / Gold and Silver 2016
Taki Tsaklanos submits: If you are used to making visits to your bank to make your credit card payments, you may find this no longer an option in the future. Some banks are no longer accepting (or limiting their acceptance) of cash deposits. The war on cash forges on. Paper money, that is indeed more or less worthless, is slowly being taken out of circulation and being replaced by digital currency forms. This shift presents of course the same fundamental problem as paper money itself: “digital money” is also not backed by gold or other precious metals or any asset representing real value. The whole concept of digitizing our transactions is being marketed as a convenience, a hassle-free payment method and a transparent, easy new way to smoothly run our lives and businesses, without the burden of carrying cash around. However, the realistic flip side of this joyful argument is more ominous than we might at first realize: Now, account monitoring or freezing, and confiscations will be easier than ever. And of course, by eliminating cash, central banks are getting rid of the last existing barrier to negative interest rates.
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Thursday, April 07, 2016
Gold Price Testing Key Technical Support – Is There More Downside Ahead? / Commodities / Gold and Silver 2016
The gold price advanced sharply during the first three months of 2016 (+16%), marking its best quarter in 30 years. However, it corrected from a high around $1,287 to $1,200 over the past few weeks. There was a nice bounce yesterday, but gold has once gain dropped today, back below $1,220. With this latest pullback in the gold price, many investors are wondering if the 2016 rally was a false breakout or if the new gold bull market is just getting started.
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Wednesday, April 06, 2016
The Outlook for Crude Oil Prices / Commodities / Crude Oil
Light crude oil prices (WTI) has remained in a downward trend since mid-2014. With its fresh new low in Q1, 2016 and price resistance now building at $42.40, the outlook remains negative.
The U.S. dollar's impact continues to play out against the commodity.
With the improving economic status of the U.S. coupled with a Fed agenda of gradual interest rate increases this year, the currency remains with a steady tailwind (Chart 1).
Wednesday, April 06, 2016
Central Bank Demand & Emerging Market Demand Are, To Me, The Bit Under The Gold Market! / Commodities / Gold and Silver 2016
FRA Co-founder Gordon T. Long is joined by Jordan Eliseo in discussing the value of precious metals as an investment.
Read full article... Read full article...Jordan Eliseo is a much sought-after and respected financial commentator and economic analyst with close to 20 years experience in the financial sector. After working for some of the biggest names in the global financial marketplace including Deutsche Bank, JP Morgan and AMP Capital, Jordan has amassed a wealth of experience analyzing investment markets.
Wednesday, April 06, 2016
Gerald Celente Speaks Out on Election-Year, Middle East, and European Chaos -- and GOLD! / Commodities / Gold and Silver 2016
Mike Gleason: It is my privilege to speak with Gerald Celente, published of the renowned Trends Journal. Mr. Celente is a frequent and highly sought after guest on news programs throughout the world, and has been forecasting some of the biggest and most important trends before they happen for more than 30 years now, and it's a real honor to have him speak to our listeners and readers today.
Mr. Celente, welcome back and thank you for joining us again.
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Wednesday, April 06, 2016
Gold & Silver Trading Alert: Gold’s Inconsequential Rally / Commodities / Gold and Silver 2016
Gold moved higher yesterday, but it doesn’t seem that it had a major impact on even the short-term outlook as even the short-term resistance line wasn’t broken. Consequently, the previous trends remain in place. Let’s take a look at the details, starting with the long-term gold chart (charts courtesy of http://stockcharts.com).
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Wednesday, April 06, 2016
Perth Mint Silver Coins Have Second Highest Monthly Demand / Commodities / Gold and Silver 2016
The Perth Mint’s sales of silver coins and especially Silver Kangaroos surged again in March and saw the second highest levels of silver coin demand on record as silver buyers in the western world continue to accumulate silver at what they believe to be depressed silver prices.
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Wednesday, April 06, 2016
Crude Oil Price One-Day Rally or Something More / Commodities / Crude Oil
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
On Tuesday, crude oil moved lower after the market’s open weakened by an unexpected decline in monthly U.S. gasoline demand. Despite this drop, the commodity reversed and rebounded in the following hours. As a result, light crude gained 3.10% and invalidated earlier breakdown. What does it mean for oil bulls?
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Wednesday, April 06, 2016
Big Banks, Hedge Funds Key Factors in 2016 Gold Price Surge / Commodities / Gold and Silver 2016
Read full article... Read full article...I can remember only one other time when market factors lined up as favorably for gold as they do now and that was in the spring of 2008. There are a great many similarities to gold market dynamics between now and then, but there are also great differences. One of those differences is the huge influx of interest from institutional investors led by hedge funds and big banks. In 2008, institutional interest was light.
Tuesday, April 05, 2016
Fort Knox Gold Paradox / Commodities / Gold and Silver 2016
Officially the Fort Knox Bullion Depository contains 147.3 million ounces of gold. However, the last audit was performed over 60 years ago. According to reliable sources “audits” since then have been incomplete and inadequate.
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Tuesday, April 05, 2016
China’s Gold Intent – ICBC Bank Reclassified as an LBMA Market Maker / Commodities / Gold and Silver 2016
ICBC Standard Bank, China and the world’s largest bank, has been reclassified as a spot Market Making Member of the London Bullion Market Association (LBMA) with effect from today according to a note posted on the LBMA website last night at 2100 GMT.
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Tuesday, April 05, 2016
Fractal Analysis of US Dollar Index Suggests Massive Gold Rally Coming / Commodities / Gold and Silver 2016
Below, I have done a fractal analysis of the US Dollar index (generated on tradingview.com). It shows that the US Dollar index is likely to drop over the next years; however, it appears to have started a new uptrend (read deflation – deflation is great for gold and silver), from a long-term point of view.
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Monday, April 04, 2016
Epic Battle Rages Between the Bullion Banks and Gold Speculators / Commodities / Gold and Silver 2016
The battle raging between the Bullion Banks and Gold Speculators is every bit as spectacular as the Ali-Frazier fights of the 1970s, says precious metals expert Michael Ballanger.
As a young man of fourteen with my older brother Donny having introduced me to Ring Magazine a few year earlier, I can't remember ever being so hyped up for a heavyweight title fight than when Cassius Clay took on Sonny Liston and "whupped" him to take the title and then repeated in the rematch. From that point onward, the hero of my youth (excluding Bobby Orr, of course) in the world of sports became Cassius Clay-turned-Muhammad Ali, who became the greatest heavyweight fighter of all time and dominated the game for over a decade, despite being banned from boxing for refusing to join the army in 1967. Ali was a big man standing over 6'4" tall but he moved with the fluidity, speed and lethal grace of a jaguar.
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Monday, April 04, 2016
Silver Bullion Is Coiled Spring and Will “Explode Higher” / Commodities / Gold and Silver 2016
Silver bullion’s reluctant, sluggish participation in early 2016’s powerful gold rally has been glaringly obvious. Instead of amplifying the yellow metal’s big gains as in the past, silver largely failed to even keep pace. The lack of silver confirmation for gold’s big move has certainly raised concerns. But despite silver’s vexing torpidity in recent months, it is a coiled spring ready to explode higher to catch and surpass gold.
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Monday, April 04, 2016
The Pitfalls Of Buying Gold And Silver Online, And How To Avoid Them / Commodities / Gold and Silver 2016
Back in 2014, online bullion dealer Tulving shocked its many customers by suddenly failing. See Coinweek’s story: How does $40M of Gold and Silver Disappear: The Collapse of Tulving Company
Last week another one bit the dust:
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Sunday, April 03, 2016
The No Fresh Water Planet / Commodities / Water Sector
Our planet is 70 percent covered in ocean - 98% of the world's water is in the oceans. Which makes 98% of the world's water unfit for drinking, or irrigation.
Just 2% of the world's water is fresh. The vast majority of our fresh water, 1.64%, is in its frozen state and locked up in the polar ice caps, Greenland's ice sheet and glaciers. Once it melts its contaminated by seawater, either by melting directly into the oceans or running to the world's oceans through a stream or river.
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Sunday, April 03, 2016
Gold Getting Stale? – Charts and COTs / Commodities / Gold and Silver 2016
Notice on the very short term chart, a 2 hour run, gold has been in a steady decline since the middle of last month with rallies attracting selling at the key resistance levels noted on the chart.
Price is currently holding below $1212 – $1210.
Initial resistance begins near $1225 and extends higher towards $1228. Above that lies $1237-$1240.
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Saturday, April 02, 2016
Gold And Silver – Qrtly, Monthly Charts. No Change In Trends / Commodities / Gold and Silver 2016
“Nothing ever changes on Wall Street. Speculation is as old as the hills. What has happened before in the markets will happen again.” Jesse Livermore
Despite taking his life at the Sherry Netherland Hotel in 1940, at the age of 63, [he considered himself a failure], Livermore is revered by many as the consummate trader.
We often comment on the importance of rules, and our adherence to rules does not come from Livermore, but he always attributed his losses to the times when he failed to follow his rules.
Saturday, April 02, 2016
Gold Stocks Correcting Through Time Not Price / Commodities / Gold and Silver Stocks 2016
Gold Stocks enjoyed a fabulous, near vertical rebound into March yet were in extreme overbought territory. We and many others called for a correction. In recent weeks those other voices have worried excessively about the alleged bearish construction of the CoT. Although Gold and Silver have essentially consolidated with a little weakness, the gold stocks have continued to hold above even initial support. Over the past month they have corrected through time rather than price. The longer gold stocks hold above initial support, the greater the chance they are building a bullish flag consolidation.
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