Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Thursday, March 24, 2016

GLX, GLDX, Baby Gold Bull Market Stillborn? / Commodities / Gold and Silver Stocks 2016

By: Rambus_Chartology

Today felt like a short covering rally during the bear market years in the PM complex only in reverse. Days like today can make one think that the rally over the last two months is all she wrote for the new bull market.. Did the baby bull die at birth ? Maybe , but I’ll need to see more proof that the bear market for the precious metals stocks, that ended on January 19th of this year is back.

During a bull market it’s nice to see new highs being made even if it’s for the short to intermediate term time frame. Then to confirm a new uptrend we need to see higher highs and higher lows being made. Since the January 19th low we’ve seen the PM stock indexes making higher highs but we’ve not seen a higher low put in yet because the rally has been so strong. Tonight I would like to show you the new bull market for the GLDX, global explores, using horizontal support and resistance lines. You can apply the same principal to the other precious metals stock indexes like the HUI or the GDX.

Thursday, March 24, 2016

A Love Affair: India and Gold / Commodities / Gold and Silver 2016

By: Submissions

India has had a long-standing love affair with gold. At Indian weddings, some of the brides get so much gold jewellery that it weighs them down. There are upwards of 15 million weddings every year in India. According to the World Gold Council, upwards of 50% of Indian demand for gold is destined for weddings. Gold is ingrained in the culture and a part of their belief system. Not only is it integral to weddings, gifts of gold are common for anniversaries, birthdays and religious festivals. Gold jewellery is not regarded solely as adornment. It is a store of wealth. At one time it was widely accepted that women could not own anything except for their gold jewellery. That custom still prevails outside the major cities. Gold has spanned centuries and millennia in India.

Tuesday, March 22, 2016

Is This The End for Crude Oil? / Commodities / Crude Oil

By: Sol_Palha

"The end is never as satisfying as the journey. To have achieved everything but to have done so without integrity and excitement is to have achieved nothing." ~ Anonymous

Tuesday, March 22, 2016

A Big Reason Why Silver Price Is Set To Soar / Commodities / Gold and Silver 2016

By: Hubert_Moolman

There is only so much value in the world economy, and it is split between all the different instruments (like gold, silver, stocks, bonds, commodities, etc.) where value resides.

For silver and gold to rise significantly, relative to other instruments of value, value will have to be diverted away from those other competing instruments. The stock market, in particular, has been the biggest obstacle to a rise in precious metals, due to it sucking up most of the available value on global markets.

Tuesday, March 22, 2016

Global Stocks Fall, Bonds and Gold Rise After Terrorist Attacks In Brussels / Commodities / Gold and Silver 2016

By: GoldCore

Safe haven assets, gold, silver and German bonds rose, while European stocks and global stock futures fell, after explosions rocked Brussels airport departure hall and a subway station near the EU parliament and other important EU institutions. At least 26 people are reported to have been killed after the explosions which the Belgian prosecutor has alleged are terrorist attacks.

Tuesday, March 22, 2016

Gold Holds on to Gains Despite Rollercoaster Ride on Rate Hike Rumors / Commodities / Gold and Silver 2016

By: Nicholas_Kitonyi

Gold has an interesting relationship with the U.S Federal Reserve – we all know the Fed has huge gold reserves. However, the relationship between the Fed and gold extends beyond the huge stockpiles of gold that the Fed hoards. The fed often wields the power to determine the trading price of gold and you can record massive gains or huge losses on your gold investments depending on what the fed does at any point.

Tuesday, March 22, 2016

BitGold’s Secret: A Taxation Time Bomb / Commodities / Gold and Silver 2016

By: Peter_Schiff

Gold is not only the world’s best performing asset so far in 2016, but it’s also off to its strongest annual start since 1980. A key difference is that 1980 was the end of a bull market, while this is the beginning of a new one. Actually, it’s the beginning of the second leg of a long-term bull market that began over 15 years ago, which I believe will be even more powerful than the first.

But today, I am warning potential gold buyers about another gold ripoff. 

Monday, March 21, 2016

Crude Oil Price – North or South? / Commodities / Crude Oil

By: Nadia_Simmons

Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.

On Friday, crude oil lost 1.30% after unexpected increase in U.S. oil rig counts. As a result, light crude slipped under $42 and closed the day under the previously-broken 61.8% Fibonacci retracement. What’s next for the commodity?

Monday, March 21, 2016

Crude Oil Price Action & Forecast / Commodities / Crude Oil

By: Chris_Vermeulen

Recently, Light Crude has seen a dramatic 35%+ increase in value.  As the current price continue to flirt with $40 per barrel, the likelihood of a further price rise is on everyone’s mind.  With recent lows near $26 per barrel, what is the possibility that oil will form a base above $30 and attempt a rally?

Historically, the 2009 low price for oil was $33.20.  This level should be viewed as a key level of support for current price action.  The recent price rotation below this level is a sign that oil prices are under extreme pressure in the current economic environment with a supply glut and slower than expected demand.

Monday, March 21, 2016

Silver – A Long-Term Perspective / Commodities / Gold and Silver 2016

By: DeviantInvestor

We all know silver is volatile.  When gold rallies, silver usually rallies faster and farther, particularly after the rally has been well established.

Volatility is not a reason to avoid silver.  Instead, now is a time to continue stacking.  Yes, silver almost certainly will correct many times, but examine the big picture.

Over the past 50 years prices for stocks, silver, gold, crude oil, health care, and presidential elections have increased exponentially, mainly due to massive increases in debt (see graph below) and devaluations of currencies.  Expect exponential price increases to continue.

Monday, March 21, 2016

Gold Silver Ratio Says It’s Time to Buy Silver, Sell Gold / Commodities / Gold and Silver 2016

By: GoldCore

Silver remains undervalued versus gold and the gold silver ratio suggests “selling the former” and “buying the latter” according to a Bloomberg article published today.

Monday, March 21, 2016

Silver Price About to Slump Lower / Commodities / Gold and Silver 2016

By: Clive_Maund

Whilst silver had a good week last week, outperforming gold and rising to multi-month new high, it looks like that may have been its "swan song" for a while. It looks quite positive at first sight on its latest 6-month chart with the new high and moving averages starting to swing into a more positive alignment, but once you "look under the hood" you quickly realize things are not so good at all.

Monday, March 21, 2016

Gold Price Intermediate Top / Commodities / Gold and Silver 2016

By: Clive_Maund

All the technical evidence suggests that gold is building out an intermediate top area here, which fits with the fundamental situation where complacency and "risk on" are making a comeback, thanks to the boundless generosity of Central Bankers.

Starting with gold's 6-month chart we see that after its parabolic ramp up in January and early February, it has been struggling to make further progress. The supposed (by some) bull Flag or Pennant turned out to be false and although it has edged ahead a little, the passage of time has resulted in its breaking down from the parabola simply by moving sideways, which has, unknown to many, opened up the risk of a potentially severe drop. The most plausible interpretation of pattern development since the parabolic blowoff spike in early - mid February is that it is a bearish Rising Wedge, which the price broke down from about a week ago, before a backtest of the breakdown point with the big up day last Wednesday when the Fed didn't raise rates, which triggered panic short covering.

Saturday, March 19, 2016

Gold And Silver - Shanghai Exchange Effect On Silver? / Commodities / Gold and Silver 2016

By: Michael_Noonan

The trend for silver remains down, for now, but there is something going on within this market that does not confirm a change in trend but "appears" to be indicting a one. It has been acknowledged that the fundamentals for both silver and gold are overwhelmingly positive, yet price has not responded. More accurately, price has not been allowed to respond by the globalist's manipulation via their central banks, in general, and specifically by the both military and money might of the also manipulated United States, the federal corporate government version.

Saturday, March 19, 2016

Precious Metals Ignore Correction Calls  / Commodities / Gold and Silver 2016

By: Jordan_Roy_Byrne

Gold and gold stocks have refused to correct for more than a few days at a time. Weakness is being bought and quickly. Gold has gained over $200/oz but not corrected by more than 6%. The miners (GDX) have endured three roughly 10% corrections in the past six weeks but nothing greater. A few weeks ago we noted a comparison to the 2008 rally which hinted that miners could correct 20% before moving higher. So far, no dice. Many gold bulls continue to expect a correction while losing sight of the bigger picture: precious metals are in a new bull market.

Saturday, March 19, 2016

The Coming Gold Mania - How to Make 10, 20, Even 50 Times Your Money / Commodities / Gold and Silver 2016

By: Casey_Research

By Justin Spittler

Regular readers know why I believe the gold price is poised to move from its current level of $1,250 per ounce to $1,500…$2,000…and eventually past $3,000.

Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.

Friday, March 18, 2016

Gold Stocks Tiny Baby Bull Market / Commodities / Gold and Silver Stocks 2016

By: Zeal_LLC

Gold stocks have radically outperformed every other sector in the stock markets this year, blasting higher as investors flock back to gold.  This powerful surge is spawning worries that gold stocks’ new bull run is in danger of exhausting itself.  But such fears are totally unfounded.  A longer-term perspective reveals that gold stocks’ baby bull market in 2016 remains tiny in the grand scheme.  This new bull has barely begun.

Successfully buying low and selling high to multiply wealth in the markets demands traders overcome their own innate greed and fear.  These ever-present emotions are constantly warring in traders’ minds, impairing their judgment.  One consequence of heeding these dangerous emotions is the tyranny of the present.  Traders naturally tend to overweight the present and forget the past, which leads to poor decisions.

Friday, March 18, 2016

Silver Price Soars 4%, Gold Consolidates On Federal Reserve / Commodities / Gold and Silver 2016

By: GoldCore

Silver rose 2% yesterday and has surged 4% this week to over $16 per ounce as the Federal Reserve flip flopped regarding interest rates and lowered its expectations for rate rises this year from four back to two or just one rate rise due to “global risks.”

Friday, March 18, 2016

Comex Gold Rigging – Fact or Myth? / Commodities / Gold and Silver 2016

By: Arkadiusz_Sieron

The U.S. gold market is second, after the London gold market, as the most important center for gold trading. Although the U.S. has a well-developed OTC spot market for gold, it primarily trades paper gold, i.e. gold derivatives (futures and options) and ETFs. The first gold futures market was established in Winnipeg, Canada, at the Winnipeg Commodity Exchange in 1972, but when private gold trading again became legal in the U.S. a few years later, Americans jumped at the opportunity and opened their futures markets. In December, 1974, the Commodity Exchange Inc. (Comex), launched gold futures trading and quickly gained a dominant position. Although the volume built up slowly, the trading expanded and Comex launched gold option trading in 1982 (options are on gold futures, not on the bullion itself). In 1994, Comex merged with the New York Mercantile Exchange (Nymex), officially becoming its division responsible for metal trading. Since 2008, Nymex and Comex have been owned and operated by the CME Group, the largest derivatives marketplace in the world.

Friday, March 18, 2016

Unlocking Value into the Oil Bear / Commodities / Oil Companies

By: The_Energy_Report

The low price of oil has meant that a lot of companies are going broke, but not so with Torchlight Energy. A subsidiary of D.R. Horton is spending $50 million, fully funding the development of Torchlight's Orogrande project over the next 24 months.

Torchlight Energy Resources Inc. (TRCH:NASDAQ) is out with an update that comes roughly 30 days after the company updated venture investors that it had decided to move on from the successful drilling and data capture of its Rich A-11 well, up to that point its primary valuation-driving well in the all-important Orogrande project. This new update is more comprehensive; Torchlight Energy updated investors as to progress being made regarding its Marcelina Creek and Orogrande projects, as well as provided a merger-and-acquisition update regarding its Hunton assets, which are currently being marketed.