Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, December 12, 2013
Indicators to Turn Your Trust Back to Gold and Silver / Commodities / Gold and Silver 2013
John Paul Whitefoot writes: Despite the wintry Arctic chill, the economic recovery is in full bloom. Or is it? Wages are stagnant, unemployment remains stubbornly high at seven percent, and consumer confidence remains tepid at best. The average American investor clearly isn’t enjoying the Wall Street perpetual momentum machine.
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Thursday, December 12, 2013
Falling Back in Love with Gold Stocks / Commodities / Gold and Silver Stocks 2013
There's a saying that old love never rusts. James West, publisher and editor of The Midas Letter, might have broken it off with the gold space for a while, but he always knew he'd be back when the time was right. In this interview with The Gold Report, West talks about what has convinced him to start shopping for gold stocks again and the unconventional indicators he's using to signal a buy.
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Wednesday, December 11, 2013
Gold Will Crash to $500! Charles Ponzi and I Believe It / Commodities / Gold and Silver 2013
Yup, that is the story. The following arguments explain why Charles and I think gold will plummet to around $500 per ounce. Also, after my luncheon date with Elvis, I have a large bridge for sale. If you are interested, and willing to make a SERIOUS OFFER, see below.
The price of gold has roughly followed (up, up, and away) the growth of the U.S. national debt since 1971. The national debt is rising like 8% per year, or like $1,000,000,000,000 per year. But don't jump to the conclusion that gold prices will continue rising along with the debt! Charles Ponzi and I have faith in congress, lobbyists, and the sincerity of the budget process. We believe the national debt will rapidly fall due to the positive economic stimulus from ObamaCare, from actual budget cuts, and therefore gold should drop to new lows. Mr. Ponzi thinks it could go real low - like $450 or $500.
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Wednesday, December 11, 2013
Crude Oil Prices Could Fall to $80/Barrel? / Commodities / Crude Oil
George Leong writes: Oil prices are heading higher on the chart with the cash West Texas Intermediate (WTI) crude rallying back toward the $100.00 level after threatening to test $90.00.
Steady economic signs in the United States, China, and Japan—the three largest economies in the world—along with some muted growth in the eurozone and Europe are adding some spark to the oil futures… But hold on; doesn’t the buying seem somewhat premature?
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Wednesday, December 11, 2013
Landmark Ruling in Mexico a Boon for These U.S. Oil Stocks? / Commodities / Oil Companies
Sasha Cekerevac writes: In 1938, Mexico nationalized its oil industry, taking over all aspects from production to final distribution. This ban on ownership by foreign companies continues today; however, changes are underway.
Under the leadership of Mexico’s new president, there is a growing desire and need for the knowledge and technical skills developed by foreign companies, many of which are U.S.-based, to stem the decline in oil production and revive the industry in that country.
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Wednesday, December 11, 2013
How to Know if the Gold bull Market Has Ended / Commodities / Gold and Silver 2013
- Central banks will have stopped their money printing madness.
- The US Federal Government will have balanced its budget.
- China will have invested 20% of its trading surplus in gold.
- The US CPI will have peaked at a rate above 10%.
- The public in the USA, Canada, Australia and Europe will have bought gold with their savings, including a goodly portion of their tax free savings.
- The public in India and China will have turned from buyers to sellers.
- Sellers of gold will have a currency available to them that offers stability.
- Financial headlines will have featured stories of gold mining stocks that rose from pennies to a hundred dollars. (In 1975 Lion Mines could be purchased at 0.07c a share – in 1980 the share price was $380! Wharf Resources traded at 0.40c in 1975 – by 1980 the price had risen to $560).
- TV screens will have featured lineups of buyers at coin shops.
- Crude oil will have reached a record high price.
- Silver will have outperformed gold on a percentage basis.
Wednesday, December 11, 2013
"Flat, Cautious" Action in Gold After Surge as Asian Premiums Fall / Commodities / Gold and Silver 2013
ASIAN and London dealing was quiet in gold Wednesday morning, with prices holding $10 per below yesterday's sudden rise to 3-week highs above $1267.
Silver also slipped but held onto more of Tuesday's 3.2% gain to $20.45 per ounce.
Wednesday, December 11, 2013
Crude Oil Price Three Legs Up To $100 / Commodities / Crude Oil
Crude oil reversed sharply to the upside last week so it seems that five waves down completed wave 3) and that current rally is a part of a contra trend reaction. We are talking about wave 4) that could stop around 100 area, but after three legs. For now, we see only one leg from the lows so expect to see more sideways or even bullish price action during the next few days.
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Wednesday, December 11, 2013
Gold Stocks Nearing Bottom / Commodities / Gold and Silver Stocks 2013
In early November we made the case that precious metals were in danger of a final plunge before a bottom. The decline that ensued has abated in recent days. It appears that a short-term rally is underway. The bear market is very close to ending but we can’t say definitively just yet.
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Tuesday, December 10, 2013
Gold Correction Isn’t Over, But Gold Price Heading to $20,000 / Commodities / Gold and Silver 2014
By Louis James, Chief Metals & Mining Investment Strategist
In April of 2008, Casey International Speculator published an article called "Gold—Relative Performance to Oil" by Professor Krassimir Petrov, then at the American University in Bulgaria, now a visiting professor at Prince of Songkla University in Thailand. He told us he thought the Mania Phase of the gold market was many years off, which was not a popular thing to say at the time:
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Tuesday, December 10, 2013
2014 Battle Over US Rates & Inflation Key to Gold / Commodities / Gold and Silver 2013
The PRICE of gold rose to touch $1250 per ounce for the first time in 7 sessions Tuesday morning, as major government bonds also rose after comments from US Fed officials on the odds of reducing their monetary stimulus at next week's policy meeting.
European stock markets crept higher, but Asian shares closed lower.
Tuesday, December 10, 2013
Gold 30%+ Optimum Stocks, Bonds Portfolio Investment Allocation / Commodities / Gold and Silver 2013
How can an investor get guidance on how to construct a portfolio that will protect them should the stock market have another losing streak that lasts more than a few days? We discuss this question while specifically looking at how much gold an investor may want to hold in a portfolio.
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Tuesday, December 10, 2013
Silver Price Set to Double, According to… Apple? / Commodities / Gold and Silver 2013
Peter Krauth writes: We all have our reasons for following Apple. I track it because this tech behemoth is a massive global consumer of metals - base, rare earth, and precious.
And right now, Apple is giving us some surprising indications that the demand for silver is much higher than its current price would have us believe.
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Tuesday, December 10, 2013
Gold Production Wars: The East Slays The West / Commodities / Gold and Silver Stocks 2013
Not only is there a battle going on between the East and West when it comes to increasing physical gold reserves, there's also a gold production war taking place amongst these same nations.
Something quite extraordinary took place in 1997 which very few investors are aware. This was the year that the West peaked in overall gold production. Even though the world will hit a new record of global mine supply in 2013, the combined total of the top Western gold producing countries are still way off their highs set in 1997.
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Monday, December 09, 2013
Gold 2014 Up 70% or Stocks Down 40%? / Commodities / Gold and Silver 2014
As we to prepare for the arrival of a new year, 2014 for those not keeping track, we should take time to consider reality. One part of that is to reconsider some well grounded advice: Past performance does not predict future performance. 2013 has clearly been the year of the equity fantasy, and one not enjoyable for Gold investors. An investment world focused on TWTR and bitcoins is one in which the Greater Fool Theory again dominates. With year end rapidly approaching, now is the time to consider what the numbers tell us, not the investment hype popular in the media.
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Monday, December 09, 2013
Gold ETF Selling Continue, Futures Bearishness Marks "Possible Turn in Sentiment" / Commodities / Gold and Silver 2013
The PRICE of wholesale gold held steady around $1230 per ounce in London trade Monday morning, ticking upwards as European shares slipped but Asian stock markets closed higher after strong data from China.
The Euro rose to 6-week highs vs. the Dollar on the FX market, capping gold priced in the single currency beneath €900 per ounce.
Monday, December 09, 2013
Gold Cycle Bottom Coming Due / Commodities / Gold and Silver 2013
For the near-term action in the gold market, there are several key cycles that are coming due right now with the gold market, with both the daily weekly cycles due for a bottom of some degree. Whether that low will end up as anything meaningful remains to be seen, though at least a short-term bottom is expected to materialize, with the daily cycles looking for the same on or around the December 6th date. Take a look at the chart below:
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Monday, December 09, 2013
HUI Stocks to Gold Ratio Charts..When is Enough Enough? / Commodities / Gold and Silver Stocks 2013
Tonight I would like to show you some HUI to gold ratio charts that could give us a place to look for the ultimate low for the big cap precious metals stocks. So far these charts have been playing out for over five years. The first chart is a 5 year daily line chart that shows the blue 5 point triangle reversal pattern. That 5 point blue triangle reversal pattern has led the big cap PM stocks lower forming one consolation pattern after another.
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Sunday, December 08, 2013
Silver Price Letting The Market Speak / Commodities / Gold and Silver 2013
We are not a source for or fans of endless statistics, like the number of ounces purchased from one period over another, how many ounces are available at the Comex, how many ounces have been mined, the demand for v the production of silver, etc, etc, etc. Too boring.
It may satisfy many to know this information, but we are more interested in what translates into results, where can a market turn be determined, where price is likely to go, etc, etc, etc? This is where the challenge lies, for it comes down to timing in order to enter or exit a market, seeking profit opportunity in the process.
Saturday, December 07, 2013
OPEC Warned On 2014 Crude Oil Supply Glut / Commodities / Crude Oil
TIMELY ADVICE TO OPECLeo Drollas, the head of the Saudi-backed, London-based Centre for Global Energy Studies in a 3 December interview with New Europe on the eve of the 4 December OPEC meeting, itemized several supply-side reasons why present high oil prices are not forever. Apart from the USA's record-breaking output of oil driven by its shale-oil production, Drollas said: “Next year, Iraqi oil will increase by 300,000 barrels a day, we think at least, there will be 250,000 more from Venezuela, there will be possibly 1 more million barrels from Iran, when Iran comes back, and Libyan oil should return”.
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