Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, September 03, 2015
How OPEC’s Attempt to Save Face Affects the Crude Oil Market / Commodities / Crude Oil
Well, that somebody is OPEC, and there is much more behind this development, leading to today’s discussion.
In its monthly report released on Monday, OPEC indicated it is now willing to discuss production levels with other non-OPEC countries. This is the first indication that the low crude oil price environment has been creating serious problems inside the cartel.
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Thursday, September 03, 2015
Crude Oil Price Forecast 2015 and 2016 - Video / Commodities / Crude Oil
The crude oil price has relentlessly trended lower all year to an unimaginably low price low of $37 of just a few days ago, falling from $100 a year ago. The severe bear market has not only caught many market commentators off guard but has had a devastating impact on several major economies that are heavily reliant on high oil prices such as Russia, the gulf states, and other emerging markets reliant on their energy sector tax revenues to finance state spending and of course Britain's very own Scotland that a year ago was toying with idea of committing social and economic suicide (independence referendum).
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Wednesday, September 02, 2015
Gold Coin Sales Surge 306% YoY In August, Silver Sales More Than Double / Commodities / Gold and Silver 2015
strong>DAILY PRICESToday’s Gold Prices: USD 1140.00, EUR 1010.73 and GBP 746.46 per ounce.
Yesterday’s Gold Prices: USD 1141.90, EUR 1012.23 and GBP 744.10 per ounce.
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Tuesday, September 01, 2015
OPEC Divorce And Self-Destruction Thanks To Saudi Crude Oil Strategy? / Commodities / Crude Oil
"If you are the world's leading energy economy, you produce energy, that's what you do."
"A government can stay irrational longer than it can stay solvent."
"Even in the short term, you're dead, if you commit suicide."
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Tuesday, September 01, 2015
Silver Price Set To Start 70s Style Rally? / Commodities / Gold and Silver 2015
In terms of gold, silver is currently better value than at the beginning of the bull market in 2001. In November of 2001, when silver bottomed, the Gold/Silver ratio was about 66 compared to 78 today. In other words, gold has actually outperformed silver since the beginning of this precious metals bull market.
It is actually the historical norm for gold to outperform silver for most part of a bull market, except for the very last part. For example, this happened in the 70s, when gold was up on silver from the beginning of the bull market (let's say about 1971) until almost the very end (about October 1979). So, during an almost ten-year bull market, silver only overtook gold about three months before the end.
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Tuesday, September 01, 2015
Is Crude Oil Price Bouncing Into Recovery? / Commodities / Crude Oil
The global economy has $57 trillion more debt now than it did at the last bubble peak in 2008. The energy sector alone has $248 billion in junk bond debt – some of the riskiest debt there is!Entire industries have been built upon this credit-fueled bubble, driven by the easy-money policies of central banks around the world.
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Tuesday, September 01, 2015
Gold Price Up 3.5% In August, Stocks Fall 6% to 12% / Commodities / Gold and Silver 2015
DAILY PRICES
Today’s Gold Prices: USD 1141.90, EUR 1012.23 and GBP 744.10 per ounce.
Yesterday’s Gold Prices: Bank Holiday in UK
Friday’s Gold Prices: USD 1,125.50, EUR 998.23 and GBP 730.99 per ounce.
(LBMA AM)
Tuesday, September 01, 2015
Crude Oil Price Forecast 2015 and 2016 / Commodities / Crude Oil
The crude oil price has relentlessly trended lower all year to an unimaginably low price low of $37 of just a few days ago, falling from $100 a year ago. The severe bear market has not only caught many market commentators off guard but has had a devastating impact on several major economies that are heavily reliant on high oil prices such as Russia, the gulf states, and other emerging markets reliant on their energy sector tax revenues to finance state spending and of course Britain's very own Scotland that a year ago was toying with idea of committing social and economic suicide (independence referendum).
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Monday, August 31, 2015
Silver and Warnings From Exponential Markets / Commodities / Gold and Silver 2015
For the past 15 – 40 years, debt and prices in most markets have moved upward, broadly speaking, in exponential trends. See the following log-scale graphs.
US T-Bonds: T-Bonds have been rallying in their bull market since the early 1980’s. Will they continue, correct, or crash? Doug Noland says it is “The Beginning of the Great Global Unwind.” See chart.
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Monday, August 31, 2015
Gold Price Set for Best Month Since January as Stock Market Rout Lifts Safe Haven / Commodities / Gold and Silver 2015
DAILY PRICES
Today’s Gold Prices: Bank Holiday in UK today
Friday’s Gold Prices: USD 1,125.50, EUR 998.23 and GBP 730.99 per ounce.
(LBMA AM)
Monday, August 31, 2015
Silver and The Mechanics of False Reality / Commodities / Gold and Silver 2015
“All truth passed through three stages: First it is ridiculed. Second it is violently opposed. Third it is accepted as being self evident”. - Arthur Schopenhauer
Once the truth about silver value becomes evident, it will probably be time to move on.
For now, watching price action can be torture.
Sunday, August 30, 2015
Gold’s 7 Point Broadening Top / Commodities / Gold and Silver 2015
Gold looks to have made a short term high and now looks headed back down. Let’s revise the daily and monthly charts.Read full article... Read full article...
Sunday, August 30, 2015
Gold Seasonality And Average Intraday Price Movement / Commodities / Gold and Silver 2015
It will be interesting to see how gold moves in the latter half of this year.
As for the intraday movement, the impact of the London - New York on the gold trade is hard to miss.
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Sunday, August 30, 2015
Gold Price Rally Marked by Short Covering / Commodities / Gold and Silver 2015
If there was ever any doubt that the majority of buying by the hedge fund category in the gold market over the past 3-4 weeks has been of the nature of short covering, this week’s COT should put that theory to rest.
Since the third week of July, the hedge fund category alone has covered or lifted 40,000 short positions. That against the addition of only 16,000 or so new long positions over the same time span. By a better than 2:1 margin, hedge funds have been covering shorts, not instituting fresh purchases of gold.
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Saturday, August 29, 2015
Gold Shares Lows are Near / Commodities / Gold and Silver Stocks 2015
As most of you know, many mining companies have fallen by over 90%. The HUI Gold Bugs index has fallen 83% since its 2011 peak in the second longest bear market in gold shares on record. It's fallen twice as much as gold's bear market loss of 43%.
But looking at the next two charts, both are saying the lows may already be in.
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Friday, August 28, 2015
Silver Sold, then Squeezed / Commodities / Gold and Silver 2015
While gold consolidated its recent gains, silver was sold down this week along with other metals and energy. The whole commodity complex suffered badly in the stock-market fall-out, before a sharp bear-squeeze across commodity markets pushed silver, copper and oil sharply higher yesterday (Thursday). Silver is now down 6.8% on the year and gold 5%. Prices were slightly firmer this morning in Asian trade, before the European opening.
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Friday, August 28, 2015
Einstein, Physics, Gold and The Formula To End Economic Decay / Commodities / Gold and Silver 2015
We continue to have a wonderful dialogue with and frequent editorial submissions from readers and clients. Today, we have a thought provoking and important article that should greatly contribute to the debate on the merits of continuing to use artificial money. David Bryan draws on the genius of Einstein and uses science as the basis for policies that would end economic decay and rejuvenate local and national economies and indeed the global economy.
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Friday, August 28, 2015
Currency Wars Detonate; Gold Refuses to Budge / Commodities / Gold and Silver 2015
The person who lives by hope will die by despair.
Italian Proverb
Over the years we have frequently stated that every that every major bull market will experience at least one back breaking correction. Usually the correction culminates with a 50% pullback from the highs. In the case of Gold, this would equate to a pullback to $960. The precious metal’s sector had a splendid lope that began in 2003 and ended with spectacular dash in 2011. To think that the Gold bull would continue unabated would be to put it mildly wishful thinking. Sadly, many Gold bugs opted for this line of thought, rather than dealing with reality; the reality being that it was time for the entire sector to let out some steam.
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Friday, August 28, 2015
Gold: Bullish in Real Terms, Bearish in Nominal Terms / Commodities / Gold and Silver 2015
Last week when we covered rebound targets in the precious metals sector we also discussed the importance of Gold’s performance in real terms. It can be a leading indicator for the sector at key turning points. Since then precious metals sold off in aggressive fashion alongside global equity markets. However, Gold against equities gained materially. This is something to keep an eye on as it hints that a trend change is boiling under the surface.
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Thursday, August 27, 2015
Why a Fed Rate Hike Could Be a Blessing for Gold Prices / Commodities / Gold and Silver 2015
Like a true contrarian, Gold Newsletter publisher Brien Lundin looks beyond the headlines to understand what is really moving precious metals prices. He has concluded that the mainstream media may have it all wrong. Suspected anchors on the gold price such as an interest rate increase and devaluation of the yuan could actually be a rallying cry for commodities, he says in this interview with The Gold Report. And, he points to a baker's dozen of companies poised to take off when the arrows turn.
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