Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Monday, March 07, 2016
Gold and Silver Not a Flag / Pennant, But a Top - New Longs About to be Fleeced... / Commodities / Gold and Silver 2016
By: Clive_Maund
Many analysts and writers have described the pattern forming in the past couple of weeks in gold as a "bull Flag or Pennant" with some appearing to be "playing to the gallery" - i.e. telling their audience what they want to hear, which is that gold will continue to go up. I, on the other hand, decided that the triangle that had formed was not a continuation pattern, but a top, and said so about a week ago. So, as you will readily understand, I was not looking good when gold seemingly broke out upside on Thursday, and came in for considerable flak. However, on Friday there were some dramatic developments across the sector which look set to vindicate my stance.
Sunday, March 06, 2016
Gold and Silver - They Just Could Not Resist / Commodities / Gold and Silver 2016
By: Jesse
Gold and silver were higher most of the day, with gold selling off a little after the markets closed in Europe and Asia. The wiseguys just could not resist taking it back down into the close. lol.
The handle on the potential cup and handle formation is not firmly set yet as gold failed to close over 1270, coupled with the initial weak retest of lower support in the early handle stages. Normally we would like to see a little arc, an interplay of buying and selling. This time it went straight down and then rallied steadily higher. It risks turning into more of an ascending wedge.
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Sunday, March 06, 2016
Gold Traders Caution / Commodities / Gold and Silver 2016
By: Gary_Savage
"I'm going to caution traders against shorting gold right here. I doubt we've printed a final intermediate top just yet"
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Sunday, March 06, 2016
Canadian Gold Stocks / Commodities / Gold and Silver Stocks 2016
By: Richard_Mills
Probably the number one concern for investors is resource nationalism.
Where gov'ts of the countries you, me, we invest in decide to take a huge piece of your business; one for me, one for you, one for me one for you, two for me, one for you…etc etc etc.
Canada is, compared to too many other places we invest in, politically stable. There's also disease, rebellion and a dozen other concerns that are not present in Canada.
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Sunday, March 06, 2016
Gold and Silver Note Of Caution (And Ambiguity) / Commodities / Gold and Silver 2016
By: John_Rubino
Suddenly, gold and silver are good again. In two short months, they've morphed from targets of derision to shiny new toys on the financial playground.
Not surprisingly, questions have been pouring in from people who kind-of sort-of know the precious metals story and are wondering if they should jump in with both feet. A reasonable response: "If your time frame is the coming decade, sure, go for it. But if you're thinking in terms of months rather than years, you should be considering entry points and accumulation strategy."
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Sunday, March 06, 2016
Gold And Silver Charts Reviewed / Commodities / Gold and Silver 2016
By: Michael_Noonan
In last week’s commentary, February Heralding End Of Down Trend?, we stated: The significance of February is its decided change in market behavior on the monthly and weekly charts.” We are seeing even more evidence to support that premise, and all that is required is to observe the next corrective reaction to see where, at what level, price tests prior to resuming the start of an uptrend that began last December.
Saturday, March 05, 2016
Gold Stocks Reverse at Resistance Targets / Commodities / Gold and Silver Stocks 2016
By: Jordan_Roy_Byrne
Two weeks ago, regarding the miners we wrote:
If it (GDXJ) surpasses its 80-week moving average then its next target is $27-$28. Meanwhile, GDX is holding above previous resistance at $18. Its next strong resistance targets are $21 and $22.
Earlier today GDX and GDXJ came within pennies of $21 and $29 respectively while Gold touched $1280 before reversing. While Gold and gold stocks could continue a bit higher, their rebound may have ended Friday morning.
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Saturday, March 05, 2016
Gold Price and Gold Stocks Launch! / Commodities / Gold and Silver Stocks 2016
By: Gary_Tanashian
While at near-term risk, the gold sector is launching, not blowing off
Okay, the title of the post is a bit of a joke at this late stage of the rally because it sounds like hype and we have actually been calling the move in the gold sector a potential launch for weeks now, since gold and HUI each busted through their bear market limiters, the EMA 75 and EMA 55, respectively.
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Friday, March 04, 2016
This Is the Only Way to Buy Gold Without the Government Tracking You / Commodities / Gold and Silver 2016
By: Casey_Research
By Justin Spittler In place of our regular daily market commentary, we’re going to warn you about an extremely dangerous trend in government surveillance.
E.B. Tucker, editor of The Casey Report, has found a unique way to protect yourself…but the window of opportunity is closing fast.
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Friday, March 04, 2016
Massive Gold Investment Buying / Commodities / Gold and Silver 2016
By: Zeal_LLC
Gold’s powerful surge in 2016 has been driven by utterly massive investment buying. This is a marked sea change from recent years, where investors relentlessly pulled capital out of gold. But with that dire sentiment reversing, they are rushing back in with a vengeance. Major investment capital inflows into gold are an exceedingly-bullish omen, as they are what transform a mere gold rally into a new bull market.
With gold enthusiasm growing, it’s easy to forget how radically different things looked just a few months ago. Back in mid-December the day after the Fed hiked rates for the first time in 9.5 years, gold dropped to a miserable 6.1-year secular low of $1051. The popular level of antipathy towards this asset class by investing professionals was mind-boggling. They universally believed it was doomed to keep spiraling lower.
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Friday, March 04, 2016
Silver Price Buy Signal – 2016 / Commodities / Gold and Silver 2016
By: DeviantInvestor
The gold to silver ratio has been used for years to indicate buy and sell zones in both gold and silver. Why?
- At BOTTOMS in both gold and silver, based on 40 years of history, silver prices have fallen farther and faster than gold. Hence the gold/silver ratio reaches a relative high.
- At tops in both gold and silver the ratio is often low since silver rises more rapidly than gold. As Jim Sinclair says, “silver is gold on steroids.”
Friday, March 04, 2016
Gold Special Update… / Commodities / Gold and Silver 2016
By: Rambus_Chartology
Last week I showed you a daily line chart for GLD which I called a coiling triangle as the price action was getting more compressed as it traded toward the apex. This daily line chart shows the breakout and backtest. Most technicians are aware of the triangle consolidation pattern but its implications may not be understood by most.
Friday, March 04, 2016
Gold Has Surged 24% In Sterling Year To Date on Brexit and Sterling Concerns / Commodities / Gold and Silver 2016
By: GoldCore
Gold has surged another 4% this week to bring year to date gains to 20% in dollar terms, 19% in euro terms and 24% in sterling terms. We were interviewed by PickingAlpha.com yesterday afternoon and looked at what is currently driving gold prices higher in all currencies.
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Friday, March 04, 2016
Gold Trading Hardest Strategy to Let Your Winners Run / Commodities / Gold and Silver 2016
By: Gary_Savage
One of the hardest things to do in this business is to let your winners run. For whatever reason we are programmed to expect reversals. It’s why so many people try to trade against the trend. I’ve seen it in full display over the last 5 weeks as trader after trader has tried to pick the top of the run in metals. Many even trying to short the sector.
I made that mistake many times myself in my early career. Folks a sustained trend doesn’t come around all that often, when you get one you have to ride it for all it’s worth. That’s how the big money is made. And I’ll say this again. Never, never, never short a baby bull. They are unpredictable and extremely aggressive. They almost always go much further than anyone expects. Why? Because everyone has become conditioned for failure by the bear market that preceded it. This is the fuel for a much more sustained move than most people anticipate. Invariably there is a steady stream of top pickers all the way up. They either sell way too early, or they try to short the rally over and over as a revenge trade for missing the move.
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Friday, March 04, 2016
Behold the New Gold Bandwagon. . . / Commodities / Gold and Silver Stocks 2016
By: The_Gold_Report
Precious metals expert Michael Ballanger says we are actually back in a bona fide, brand-spanking-new, bull market in gold and the gold miners.
As I was busy last evening returning a myriad of emails regarding the near-term outlook for gold and silver, I was suddenly hit with the realization that we really are actually BACK in a bona fide, brand-spanking-new, bull market in gold and the gold miners.
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Thursday, March 03, 2016
What Is Copper Telling Us? / Commodities / Copper
By: Dudley_Baker
I am going to keep this piece, short and sweet as I believe the charts below will speak volumes about where we are in these markets and more importantly, where we are heading.
The world seems to be on the verge of a meltdown but, if so, why are some of the commodities telling a different story?
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Thursday, March 03, 2016
GLD ETF Continues To Add Gold / Commodities / Gold and Silver 2016
By: Dan_Norcini
The continued build in the number of reported gold holdings in the large gold ETF, GLD, is nothing short of phenomenal. This week alone, another 22 tons of gold have been added to the ETF bringing the total in storage to 788.6 tons.
Here is a chart showing the sharp increase in holdings.
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Thursday, March 03, 2016
Donald Trump – Bad For US Dollar, Good For Gold? / Commodities / Gold and Silver 2016
By: GoldCore
Donald Trump’s emergence as the Republican frontrunner and possible future U.S. President is causing some gold and investment analysts to suggest diversifying into gold according to the Wall Street Journal.
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Wednesday, March 02, 2016
Gold and the US Monetary Base Signals the Greatest Depression / Commodities / Gold and Silver 2016
By: Hubert_Moolman
Gold is currently trading in excess of $1200 an ounce. This is well above the 1980 all-time high. However, this is an incomplete representation of what gold is trading at relative to US dollars. When you look at the gold price relative to US currency in existence, then it is at its lowest value it has ever been. This is an example of how paper assets are completely out of tune with tangible (real assets).
Tuesday, March 01, 2016
Is the Gold Price Manipulated? Part IV / Commodities / Gold and Silver 2016
By: Arkadiusz_Sieron
We have examined the major theories of manipulation in the gold market, so let’s deal with other interesting problems: high-frequency trading, declining inventories in Comex, London bias and gold leasing.
First, some people accuse big banks of suppressing gold prices by not only using ‘naked’ shorts, but also engaging in high-frequency trading (HFT). The HTF is a type of algorithmic trading characterized by the large number of orders at very fast speed (they operate in milli – or microseconds). Many investors believe that bankers using HFT create massive volumes of artificial traffic, or place and quickly cancel orders in order to create waterfall declines in the price of gold.
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