Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, June 20, 2014
Gold and Silver June Lows Often Mark the Beginning of a Long Rally / Commodities / Gold and Silver 2014
This chart courtesy www.seasonalcharts.com shows the historical trend of the price of gold, based on 30 years of data. Once the doldrums of June and July are out of the way, price usually rises until January-February. The challenge is to catch the June lows.
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Friday, June 20, 2014
Swiss Banking Secrecy Under Threat? Gold Storage Companies, Safe or Not? / Commodities / Gold and Silver 2014
The media appears to have misread the results of the Credit Suisse case as they did with the UBS case two years ago. Yes, the bank was fined a massive fine in the U.S. but this did not reach back into Switzerland. How come, you may well ask?
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Friday, June 20, 2014
China Might Be Winning The Race To Reduce Solar Energy Generation Costs / Commodities / Solar Energy
Many people, even fanatical advocates of solar power, are unaware quite how close we are to reaching a critical milestone in the industry. Within a fairly short space of time, solar generated electricity will be fully cost competitive with coal-powered electricity -- at least if the governments of the world's two largest energy consuming nations have their way.Read full article... Read full article...
Thursday, June 19, 2014
Commodities Are Building Bases and About To Rally – Steel Market / Commodities / Steel Sector
Commodities in general have been under pressure for the last couple years. This can be seen by looking at the GCC Greenhaven Continuous Commodity ETF which holds a basket of resources. The weekly chart has formed a bullish bottom pattern, and as of last January it looks as though it’s now building a basing pattern. Overall commodities are in the very early stages of a stage 1 basing pattern and it looks as though it will be a few more months before any significant breakout will occur. But there could be some early entry points if you know what to look for…
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Thursday, June 19, 2014
Gold Stocks CDNX Wild and Whacky History / Commodities / Gold and Silver Stocks 2014
The first chart I would like to show you is the BPGDM that shows you what percent of the big cap PM stocks are on a buy signal using the point & figure chart. After trading sideways for most of June the BPGDM finally gave a buy signal yesterday after being whipsawed several times lately. To get a buy signal you need to have the BPGDM trading higher than the 5 dma and the 5 dma trading higher than the 8 dma. We now have that.
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Thursday, June 19, 2014
The Oil Crisis Price Spike Is Just Getting Started / Commodities / Crude Oil
Dr. Kent Moors writes: First there was the crisis in Ukraine. Then, seemingly out of nowhere, Iraq exploded into chaos again.
Both testify to one simple truth about today's energy sector: Geopolitical factors are the quintessential wild cards when it comes to estimating energy prices.
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Thursday, June 19, 2014
The Precious Return of Investment / Commodities / Gold and Silver 2014
The financial powers, in the name of government treasuries (along with the IMF) have a keen eye trained on the lowest hanging fruits of monetary assets. What was once unthinkable is fast becoming a reality as bail-ins promise to morph into the confiscation that only precious metals investors have been known for fearing.
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Thursday, June 19, 2014
Crude Oil Price Breakdown or Trap? / Commodities / Crude Oil
On Tuesday, the price of crude oil wobbled between gains and losses throughout the session as mixed data and profit taking weighed on investors' sentiment. As a result, light crude reversed after an increase to the resistance zone and declined below an important medium-term support line. Will this event be strong enough to trigger a sizable correction?
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Thursday, June 19, 2014
Iraq Wake Up Call For Oil Is A Yawn / Commodities / Crude Oil
Forward Looking Statements
The IEA's energy scenarios and forecasts for the next 21 years, to 2035, heavily feature long-term increases of oil supply from Iraq to help meet “soaring oil demand”, but the IEA's Factsheet for Oil Supply in Iraq, published 13 June, allows and enables some doubt. In particular this concerns the Agency's previous forecasts of “ever growing Iraqi supply”. In turn, the Agency's continued forecasting of world oil demand increasing by 12 - 15 million barrels a day by 2035 (from the IEA's estimate for early 2014 of about 90 Mbd) should be compared with the actual status and forward trends of oil in world energy. Overall, this raises plenty of doubt on the real need for increasing Iraqi oil supply.
Wednesday, June 18, 2014
Gold Bullish Metals Ratio Charts Indicating a New Healthy Bull Market / Commodities / Gold and Silver 2014
First of all, it is important to keep in mind that Miners are extremely undervalued and the down move in Metals was a cyclical bear market within a secular bull market which means that the primary trend is up. Bullish price action and bullish patterns have been taking place since several weeks in Miners and Metals. You can see on the following charts that the HUI/GOLD ratio bottomed almost at the same level as in 2000 which was a major bottom for the Miners Index.
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Wednesday, June 18, 2014
Crude Oil Prices Spike as Iraq Chaos Takes Hold / Commodities / Crude Oil
Dr. Kent Moors writes: First there was the crisis in Ukraine. Then seemingly out of nowhere, Iraq exploded into chaos again.
Both testify to one simple truth about today’s energy sector: Geopolitical factors are the quintessential wild cards when it comes to estimating energy prices.
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Wednesday, June 18, 2014
Gold Summer Heat (?) / Commodities / Gold and Silver Stocks 2014
From the HRA Journal: Issue 215:
Read full article... Read full article...Ok, it could be another head fake (there have been plenty) but the latest move in the gold stocks looks strong enough to be the real thing, even though its just begun.
If it is it will represent a very different outcome for the sector though the summer than most are expecting. Of course that is the thing about markets. They have a disconcerting habit of doing precisely what most traders don't expect.
Tuesday, June 17, 2014
The "Hidden" Inflation that Could Wipe Out Investor Returns / Commodities / Gold and Silver 2014
Michael E. Lewitt writes: Official measures of inflation tell a very different story from the reality facing consumers as they shop for groceries, gasoline, insurance, healthcare, and other everyday goods.
In the real world away from government statistics, product prices continue to rise at an inexorable rate.
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Tuesday, June 17, 2014
Gold - The Single Most Important Market Indicator You Probably Aren't Using - Video / Commodities / Gold and Silver 2014
See how crowd psychology warned of a top in gold -- and learn how to use this tool again in the future
Enjoy this clip from a recently recorded presentation by Steve Hochberg, our Chief Market Strategist.
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Tuesday, June 17, 2014
Why Gold's Base Price Should Be North Of $2,000 / Commodities / Gold and Silver 2014
Even though present Geo-political events in Iraq have now pushed up the price of gold due to Brent Crude hitting a new high in 2014, the value of the yellow metal relative to oil is still way below its historical average. Currently, the price of Brent Crude is trading at $113.35, while gold is at $1,275. This is an embarrassing 11.2 to 1 ratio.... thanks to the manipulation by the Fed and member banks.
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Tuesday, June 17, 2014
Gold Investors: Let This Cycle Be Your Guide / Commodities / Gold and Silver 2014
U.S. Global Investors recently welcomed Doug Peta, an economist from BCA research, to our offices. He presented some interesting research regarding the Fed Funds Rate Cycle, and in turn, what that research could mean for gold. I wanted to share points from his presentation, as well our own in-house research, to help you understand the positivity we see for the precious metal looking towards 2015.
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Monday, June 16, 2014
Palladium Price Double Top / Commodities / Palladium
Palladium has been in the news recently so I thought I’d have a look at the chart and there were some interesting observations to be made. So let’s have a look starting with the yearly chart.
Monday, June 16, 2014
This Metal Problem Could Ignite China's Smoldering Economic Crisis / Commodities / Copper
Peter Krauth writes: China is about to step on the gas and boost bank lending once again.
That's despite both the IMF and World Bank thinking it's unnecessary.
But concerns of China's growth moderating and housing prices dropping 5% this year aside, this might be the real reason for renewed easing:
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Monday, June 16, 2014
Gold Price Moving Into 1320-1350 Region Before Turning Bearish / Commodities / Gold and Silver 2014
On Gold we are tracking a big triangle placed in wave 4) for a while now which is still incomplete. Recently we have seen a completed wave D at 1240 so now we will focus on another three wave move, this time up in wave E that can retrace even more up to 1320/1350 zone where we will be looking for a bearish reversal signs.
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Sunday, June 15, 2014
We Are So Not Prepared For Another Crude Oil Price Shock / Commodities / Crude Oil
In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or $200, and either way we’re in trouble.
But the cost of energy can still play a role in the timing and shape of the next financial crisis. The housing/derivatives bubble of 2006 -2008, for instance, might have gone on a while longer if oil hadn’t spiked to $140/bbl in 2007. And the subsequent recovery was probably expedited by oil plunging to $40 in 2008.
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