Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, August 07, 2015
The Myth of Gold Price Manipulation / Commodities / Gold and Silver 2015
How eager are gold bugs to believe their ill fortune over the last four years is the result of sinister forces rather than a lack of prudence on their own part? The answer is easily seen in the writings of gold commentators over the last few months. References to organized manipulation and an official conspiracy to suppress the gold price abound among many analysts and their followers.
The collective passion behind this belief has reached a fever pitch and has created something akin to mass hysteria within the gold investing community. To even question this ingrained belief is to elicit the scorn of the conspiracy crowd. So ingrained is their belief that gold’s losses in the last four years are the result of manipulation that they refuse to pay heed to the underlying fundamental and technical reasons for the metal’s 4-year bear market.
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Friday, August 07, 2015
Global Crude Oil Supply More Fragile Than You Think / Commodities / Crude Oil
Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary.But the collapse of prices in July – owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China – have darkened the mood. Now a prevailing sense that oil prices may stay lower for longer has hit the markets.
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Friday, August 07, 2015
Is Gold Price Manipulated? / Commodities / Gold and Silver 2015
Reader Matt writes ...
Read full article... Read full article...Hello Mish,
I love your blog. I read it every day. You are my non-conspiratorial viewpoint on the economy. Your work keeping an eye on and analysis of Greece lately has been very helpful to me in understanding the way of the world.
Friday, August 07, 2015
Joe Mazumdar Tells Gold Investors to Go Underground to Survive / Commodities / Gold and Silver Stocks 2015
Unlike many analysts, Joe Mazumdar of Canaccord Genuity does not expect a substantially higher gold price any time soon. So what are hard-pressed gold investors to do? In this interview with The Gold Report, Mazumdar argues that they should seek high-grade resources—usually underground—in stable jurisdictions that benefit from the strong American dollar. And he highlights seven near-term developers that offer exactly that.
The Gold Report: The price of gold flirted with $1,300 per ounce ($1,300/oz) in January. In July, it fell below $1,100/oz. What happened?
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Thursday, August 06, 2015
Gold and Silver - Living With Rigged Markets / Commodities / Gold and Silver 2015
It’s enough that the mainstream financial media seems hell-bent of bashing gold. (Of course, silver gets hardly a mention). But GATA’s Chris Powell has been on a tirade of late, picking apart the lower hanging fruit of these theories and misplaced assumptions, if not outright desperate attempts to rationalize technically driven market prices.
The following is answer to a gold insider is a must read.
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Thursday, August 06, 2015
China’s Secret Gold Hoarding Strategy / Commodities / Gold and Silver 2015
Stefan Gleason writes: China’s recent stock market gyrations have some analysts now calling China the biggest bubble in history. But those who write off China because of market volatility are missing a more important long-term trend of Chinese geopolitical and monetary ascendancy. That trend shows no signs of abating.
China’s leaders have a clever strategy, and Western financial powers may someday wake up in shock when they realize what has occurred.
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Thursday, August 06, 2015
I'll Be Buying Gold and Gold Miners Soon / Commodities / Gold and Silver 2015
Dr. Steve Sjuggerud writes: Nobody is expecting a crisis (similar to the one Greece just had) in the U.S., so the prices of classic "hard assets" – like gold and gold miners – are attractively priced today.
The price of gold – astonishingly – is at a five-year low. Compare that with stocks, which have run up for six consecutive years.
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Thursday, August 06, 2015
Gold Leasing Rates Suggest Tightness in the New York Physical Markets / Commodities / Gold and Silver 2015
Gold rarely sees a pronounced backwardation in the futures markets, as we see in some other commodities. Even a slight backwardation over a period of time is unusual.
This might be related to the lack of heavy physical delivery coming out (being withdrawn) from the Comex complex, especially in recent times where the number of potential claims are much greater than the ounces of physical bullion actually available for delivery.
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Thursday, August 06, 2015
The Best Way to Buy Gold Today / Commodities / Gold and Silver 2015
MoneyMorning.com Peter Krauth writes: At $1,084 per ounce, gold is scraping multiyear lows, down 42% in four years.
And it seems the gold bears dominate the headlines – everywhere you look, each news item seems more negative than the last.
There have been calls for gold to hit $800… and even lower.
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Thursday, August 06, 2015
Could WTI Crude Oil Price Trade At A Premium To Brent By Next Year? / Commodities / Crude Oil
A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory.With a bear market back, there is pessimism throughout the oil markets. Goldman Sachs is even predicting oil stays at $50 through 2020, a profoundly grim view of the state of oil supplies.
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Thursday, August 06, 2015
Crude Oil Price Time for Reversal? / Commodities / Crude Oil
Trading position (short-term; our opinion): Short positions with a stop-loss order at $65.23 are justified from the risk/reward perspective.
On Tuesday, crude oil moved higher after the market's open supported by hopes for another decline in U.S. stockpiles. Thanks to these circumstances, light crude bounced off the multi-month low and gained 1.48%. Did this increase change anything in the short-term picture of the commodity?
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Wednesday, August 05, 2015
Executive Order for Your Gold / Commodities / Gold and Silver 2015
Co-Authored: Chris Vermeulen and Kal Kotecha: In 1933, with America five-years deep into The Depression, the stage was set for an act of unprecedented proportions. History shows a wicked warlock at work.
On March 6, 1933, Executive Order (EO) 6073 was passed by Franklin Delano Roosevelt (FDR), the 32nd President of the United States in an attempt to solve the dire banking crisis. Executive orders have been around since 1789, allowing Presidents to issue legally binding orders unilaterally, without the consent of Congress. During his Presidential tenure, from 1933 to 1945, Roosevelt would issue 3,728 Executive Orders.
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Wednesday, August 05, 2015
GDX Gold Miners Set Up for a Rally / Commodities / Gold and Silver Stocks 2015
The setup for an intermediate degree rally doesn't get much better than this. If you can't take a contrarian trade qwith this setup then you are never goign to.
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Wednesday, August 05, 2015
Gold Price Two Steps Forward … One Step Back / Commodities / Gold and Silver 2015
- ‘Death of gold’ greatly exaggerated
- Vital context: gold rose sharply in years preceding crisis and during crisis
- Important to consider gold in local currency terms
- In euro, gold is up 2% in 2015, after 13% gain in 2014
- Gold at €300 in 2001, rose to €1,400 during crisis and at €1,000 today
- History, academic and independent research shows gold is a safe haven
- Sharp fall in value of commodities means global economy is weakening
Wednesday, August 05, 2015
These Charts Prove Gold Is Poised for a Rebound / Commodities / Gold and Silver 2015
Sean Brodrick writes: I’m about to show you five commodity charts, four of which should blow your mind.
First of all...
You probably know that gold is cheap. The yellow metal is way, way off the highs it hit in 2011. This is due, at least in part, to the rocketlike rise of the U.S. dollar.
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Wednesday, August 05, 2015
Locks On to Unusual Stock Bargains at Today's Oil Prices / Commodities / Oil Companies
To profit in the current oil and gas space, investors have to move down the food chain to find "unusual bargains," says Randall Abramson, CEO and portfolio manager with Toronto-based Trapeze Asset Management. Abramson expects global demand to return oil to $75–85/barrel inside 12 months, which means you won't have to wait long to see those bargains rise with the tide. In this interview with The Energy Report, Abramson discusses several bargains in the junior oil and gas space, as well as a handful of serviceable service names.
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Wednesday, August 05, 2015
The Four Real Reasons Crude Oil Prices Are Slipping / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: As I write, I am flying from Kansas to Baltimore. I’ll be visiting Money Map Press headquarters to discuss some exciting developments we’ll tell you about shortly.
But today’s Oil & Energy Investor is all about where I have just been…
Years ago, a legendary wildcatter told me you have to smell the crude and get it under your fingernails before anybody should call you a genuine oilman.
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Tuesday, August 04, 2015
Gold Investing: Use the Cockroach Strategy / Commodities / Gold and Silver 2015
Gold: the monetary metal that central bankers, politicians, and Too-Big-To-Fail bankers publicly hate.
The Cockroach Strategy: A cynical but depressingly accurate view of politics that can assist your investment decisions. It assumes the following:
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Tuesday, August 04, 2015
Is Gold Doomed? / Commodities / Gold and Silver 2015
After gold declined to a 5-year low, the message is that gold is doomed. Is it really true?In the past few weeks, the price of gold has suffered a significant decline, indicated by multiple technical signals and triggered by China's disappointing disclosure of its official gold reserves on July 17 and the following heavy selling in the Asian market. Gold bullion dropped by 6 percent in July, significantly deteriorating the market sentiment toward the yellow metal. Indeed, the sentiment indexes fell to record lows.
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Tuesday, August 04, 2015
Gold Sentiment Is Just Ugly / Commodities / Gold and Silver 2015
The headlines are dramatic, ugly and depressing to anyone who holds gold right now. Broad market sentiment has shifted from disdain and dismissive to highly negative. Hedge funds are shorting gold aggressively, hedge funds that own gold are being “outed”. The market pundits are are sticking the proverbial knife in and twisting it with glee. The Financial Times published an interesting article over the weekend.
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