Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, February 05, 2015
HUI Gold Stocks Chartology... Past Present and Future / Commodities / Gold and Silver Stocks 2015
Today I would like to look at the precious metals complex and see how things are moving along. Consolidating would be an understatement. The PM complex has been in a very large consolidation pattern going all the way back to the June 2012 low where the HUI, GLD and SLV all bottomed together. From that low all three have been chopping in a falling type pattern making lower lows and lower highs. The combo chart below shows the three distinct but slightly different 18 month consolidation patterns starting at the June of 2013 low. The top chart shows the HUI that has yet to put in a 6th reversal point in it's big consolidation pattern. It doesn't have to have a 6th reversal point as it already has enough but if it does the top rail would come in around the 240 area.
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Thursday, February 05, 2015
Coffee Market Brewing Something BigĀ / Commodities / Coffee
The coffee price has held up at a critical juncture and is now set to explode higher. Let’s take a look at the charts.Read full article... Read full article...
Wednesday, February 04, 2015
Marc Faber says Short Central Banks and Buy Gold / Commodities / Gold and Silver 2015
Faber: “Only one way to short central banks and that is to buy gold”.
Marc Faber warned at the weekend that 2015 may be the year that investors will lose confidence in central banks and that investors will “suddenly realise what a scam that central banking is”.
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Wednesday, February 04, 2015
Gold GDX ETF Technical Analysis / Commodities / Gold and Silver Stocks 2015
The Market Vectors Gold Miners ETF (GDX) is an equity index that provides exposure to small, medium and large sized companies that generate most of their revenues from gold and/or silver mining. It is listed on the American Stock Exchange (AMEX) with price last trading at $22.45.
Let's take a top down approach beginning with the monthly chart.
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Wednesday, February 04, 2015
Bottom-Fishing Opportunities in Base Metals, Especially Zinc / Commodities / Metals & Mining
Copper is off to a rough start in 2015 and while other base metals have also shown price weakness, zinc could finish 2015 strong, says Stefan Ioannou, mining analyst with Haywood Securities. He estimates that over the previous two years about 12% of global zinc production ceased and more will end soon, ultimately leading to a run in the zinc price in late 2015 and into 2016. In this interview with The Mining Report, Ioannou discusses his top zinc pick and some high-grade, low-cost copper producers with zinc production profiles.
The Mining Report: Copper has fallen about 12% in 2015 and other base metals are seeing significantly weaker support after the World Bank said it expects the global economy to slow by as much as 1% this year. Is the bull market for commodities over or is this a pause in an otherwise bullish cycle?
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Wednesday, February 04, 2015
Gold and Silver - Playing Their Game / Commodities / Gold and Silver 2015
My Subscribers and I were prepared for Thursday’s and continuing assault on the Precious Metals – here is how we knew to expect a pullback:
In the long run we anticipate that gold and silver will offer reliable protection in an environment where governments are using the printing press to meet expenses.
Tuesday, February 03, 2015
Why Crude Oil Price Is Headed to $200 a Barrel / Commodities / Crude Oil
David Fessler writes: Editorial Note: As promised last week, here is David Fessler’s rebuttal to Sean Brodrick’s piece, “3 Reasons Why Crude Will Stay Under $50 Through 2015.” If you read the title of today’s article, you might think Dave and Sean have vastly differing opinions on the direction oil is heading. But to the contrary, both agree prices will move higher... the only question is, when? To help confirm his assertions, Dave reached out to an oil industry connection who served as president of one of the largest producers in the world.
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Tuesday, February 03, 2015
Exponential Explosions in Debt, the S&P, Crude Oil, Silver and Consumer Prices / Commodities / Gold and Silver 2015
In 1913 the US national debt was less than $3 Billion, gold was real money, and a cup of coffee cost a nickel.
By 2015 the US national debt had increased to over $18,000,000,000,000 ($18 Trillion), the gold standard was called a “barbarous relic,” most currencies had devolved into fiat paper and digital symbols backed by insolvent governments, and a Grande soy cinnamon latte, double pump, triple shot, extra hot, with sprinkles cost about five bucks.
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Tuesday, February 03, 2015
Gold Fix Overhaul as Chinese Banks Join Western Banks / Commodities / Gold and Silver 2015
- Replacement for the near-century-old London gold fix will start in March
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London gold fix to Shanghai gold fix – still not transparent
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Stealth run on the London bullion market continuing?
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Oil surges 11%; deflation deepening
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Increasing signs of a slowdown of the U.S. economy is supporting gold
Monday, February 02, 2015
Gold Consolidating Gains / Commodities / Gold and Silver 2015
Gold and silver prices consolidated recent gains this week, both having become overbought short-term, and they now appear to be building a base before an attempt to convincingly attack higher ground, though yesterday’s price reaction was quite sharp. The recent slightly overbought situation for gold is shown in the chart below, which is of the Comex Managed Money category net position:
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Monday, February 02, 2015
Gold & US Banks; a Critical Juncture / Commodities / Gold and Silver 2015
It’s all about confidence, right? Right.
In 2011, when the commodity and ‘inflation’ trades blew out, the Federal Reserve was completely discredited, with gold bugs out front poking them in the eye with taunts of “Helicopter Ben”. Markets rebelled against the Fed by sending silver to $50 and commodities in general to an all-time high.
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Monday, February 02, 2015
Gold Surges 8 Per Cent In January On Reignited Global Risks / Commodities / Gold and Silver 2015
In January, gold surged 8 per cent in dollar terms, 11 per cent in pound terms and a very large 16 per cent in euro terms. January’s 8.4% gain for gold in dollar terms was the best month in terms of price gains in three years.
Thus once again, gold bullion performed its role as a hedging instrument and a safe haven asset in January as the outlook became decidedly more uncertain – particularly in the Eurozone.
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Monday, February 02, 2015
Gold and Silver Price Forecasting Problem / Commodities / Gold and Silver 2015
“The problem is not that there are problems. The problem is expecting otherwise and thinking that having problems is a problem.”- Theodore RubinThe media sensation surrounding various storms of the century has been astounding. Meteorological prediction is complex science to say the least. The fact that 24 hour forecasts have become almost 87% accurate over the years is a testament to modern science – and, in particular, chaos theory.
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Monday, February 02, 2015
Gold Gets Safe Haven Bids But COMEX Has Stopping Power / Commodities / Gold and Silver 2015
This article is part of a series of in-depth market analyses for gold investors. Our aim is to publish this type of analysis on a weekly basis. It is not meant to be investment advice, but it should provide precious metals investors key insights about the ongoing and expected gold price trend(s).
Our focus is on chart analysis. With an average of 10 to 15 charts per article, we will cover not only the gold market but also intermarket analysis. It is our core belief that all financial assets, including gold and silver, attract bids relative to the (perceived) value of other financial assets. In other words, the attractiveness of gold is not only influenced by “internal” factors within the gold market but also by “external factors” like stocks, bonds, commodities, currencies. Makes sense probably, but a thorough and objective analysis is mandatory to identify intermarket influences.
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Saturday, January 31, 2015
Gold And Silver Price Probability for A Lower Low Has Increased / Commodities / Gold and Silver 2015
Mention is often made that one should wait for confirmation of a particular move in futures before making a commitment, either way. Last week, it appeared evidence was mounting that November could be a possible low for the correction since late 2011. Then, we run across this graph from goldchartsrus.com which shows an inordinate build-up of short positions in silver by what we would call “smart money,” “insiders.”
These large traders do not make such overtly strong commitments to the short side without expectations that things will go their way. If anything can be said about the market manipulators, mostly the elite’s central bankers/Wall Street/Fed, it does not really matter as to accurate identity, for they hide their source[s] very well. What matters is the outcome from the effort, and to date, there has been a lot of “smashing” success in taking both silver and gold lower, at will, and with no opposition.
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Saturday, January 31, 2015
199 Days of Hell - Unintended consequences: Oil and the Worst Battle in History / Commodities / Energy Resources
Just after I signed the publishing agreement for my first book, The Colder War, I realized how much research I was going to end up doing, specifically in areas that I never thought would be so integral to my subject area: energy and mining. Along the way, I came across some fascinating events that were completely out of my area of expertise but gave me a better sense for the unintended consequences in an historical perspective of the events that led to where we are today.
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Friday, January 30, 2015
Kaminak Yukon Gold / Commodities / Gold and Silver Stocks 2015
It was in 1896 when prospectors stumbled across large quantities of gold in one of the tributaries of the Yukon’s Klondike River. Word of this discovery spread like wildfire. And in no time at all prospectors from far and wide set course to get a piece of the action. The aptly named Klondike Gold Rush ended up being one of legend!
Provocatively this legend was not entirely one of smashing success and untold riches though. Yes, there were some who cashed in, but it was ultimately one of endless frustration and failure. Gold fever ended up blinding folks to the reality of the Yukon’s harsh climate and challenging geography. And most of those who journeyed there were ill-equipped to deal with it.
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Friday, January 30, 2015
Greeks Turn to Gold on Bank Bail-in and Drachma Risk / Commodities / Gold and Silver 2015
The Greek stock market is down 36% year to date; the risk of global contagion in the event of a Greek exit is very real. Ordinarily such a crisis would require a massive coordinated effort from global stakeholders, perhaps directed by the IMF or some other pan-national financial body. But not in this case; the rhetoric is nationally-based and biased without unity of purpose across finance ministries. Recent official soundings from the UK and German governments saying that exposure to Greece is limited only underscores the depth of denial, ignorance and lack of consensus that exists within the euro area. A Greek exit from the euro would profoundly weaken the euro experiment and create a dangerous precedent for all future crises in the region.
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Friday, January 30, 2015
Gold Price Short-Term Bottom Due, Higher into February / Commodities / Gold and Silver 2015
With the sharp selling in recent days, there is now the potential that another larger-degree peak has been seen in the Gold market. Having said that, this is not set in stone at the present time, and the various time cycles that I track suggest that we should be at or nearing at least a short-term bottom, with the potential for one final slingshot higher into early-to-mid February.
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Friday, January 30, 2015
Caught Inside the Crisis / Commodities / Gold and Silver 2015
“If a little is great, and a lot is better, then way too much is just about right!”-Mae West
A comment from my last essay, "Finding The Real Price Of Money", got me thinking about preparing for the eventual crisis.
That - and an experience I had in the ocean.
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