Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Wednesday, October 16, 2013

Silver Price 4 Cycles in 12 Years / Commodities / Gold and Silver 2013

By: DeviantInvestor

During the past 12 years silver prices have bottomed, rallied sharply, collapsed, and then languished for a year or more.  The patterns are not identical, but there are obvious similarities as shown in the following chart.  (Note that it is a weekly line chart, from close to close, log scale, with high and low bars not shown.  For example, silver might have bottomed on a Wednesday but only the Friday close is plotted.)

Wednesday, October 16, 2013

Gold Jumps 2.9% on US Debt Downgrade Risk / Commodities / Gold and Silver 2013

By: Adrian_Ash

LONDON GOLD moved in a $10 range Wednesday morning around $1281 per ounce – the early August low, down more than 10% from that month's peak – as both the US House and Senate were due to meet in what headline writers called "a last ditch attempt" to resolve the government's debt-limit deadline, set for tomorrow.

US debt will likely be downgraded from its AAA status, the Fitch ratings agency warned yesterday, if the government hits a technical default when it reaches the current debt ceiling of $16.7 trillion on Thursday.

Wednesday, October 16, 2013

More Evidence of Gold Price Manipulation / Commodities / Gold and Silver 2013

By: Profit_Confidential

Michael Lombardi writes: While I avidly follow the actions of central banks to see where the gold bullion prices may be headed next, when I look at them today, their actions are speaking louder than words.

Central banks have pretty much stopped selling gold bullion, which is very important. In 1999, a number of central banks in Europe formed an alliance and agreed that they would not sell more than 400 tonnes of gold bullion per year. The agreement was called the Central Bank Gold Agreement (CBGA). In 2004, the CBGA was renewed again; this time the limit was 500 tonnes. Once again, it was renewed for another five years in 2009, and the limit is back to the sale of no more than 400 tonnes of gold bullion per year.

Wednesday, October 16, 2013

Who Says Gold Is Money? / Commodities / Gold and Silver 2013

By: Janet_Tavakoli

Who is right? Warren Buffett and Charlie Munger and many more say you shouldn’t own gold. Ray Dalio, David Einhorn, Jim Rogers, John Paulson, George Soros, and I (among many others) own some gold—but that doesn’t mean you should own it.

Tuesday, October 15, 2013

Disappointing Gold Price Hits 3-Month Low on U.S. Debt Limit / Commodities / Gold and Silver 2013

By: Adrian_Ash

The WHOLESALE price of gold bounced hard Tuesday lunchtime in London from new 3-month lows, regaining $10 per ounce from $1255 as European shares rose but US stock futures pointed lower.

The Dollar rose, knocking almost 1 cent off the Euro, as word spread of an apparent US political deal to avert technical default at the debt limit's deadline on Thursday.

Monday, October 14, 2013

Gold and Silver Through the Looking Glass / Commodities / Gold and Silver 2013

By: Jesse

"A rogue does not laugh in the same way that an honest man does; a hypocrite does not shed the tears of a man of good faith. All falsehood is a mask; and however well made the mask may be, with a little attention we may always succeed in distinguishing it from the true face." Alexandre Dumas

It was capping all the way today as stocks rallied back from overnight lows to close on the highs, while gold and silver were pushed down and went out near the lows.

Monday, October 14, 2013

Crude Oil Price Change of Trend or Just a Correction? / Commodities / Crude Oil

By: Nadia_Simmons

The previous week was quite hard for the oil bulls. Light crude lost almost 2% and slipped to its lowest level since July 3. When we take a closer look at the chart of crude oil we clearly see that the price of light crude remains in the narrow range between $100 and $104 per barrel. Since the beginning of the month oil bulls and bears have pushed it above or below the 38.2% Fibonacci retracement level, however, neither the buyers nor the sellers have had enough strength to win and trigger another bigger move.

Monday, October 14, 2013

QE Tapering and Natural Resource Myths / Commodities / Resources Investing

By: Casey_Research

The Gold Report: Why is the theory of tapering or turning quantitative easing (QE) off a myth, and who really benefits from QE?

Rick Rule: My view—as an investor, not an economist—is that QE is misnamed. I think it's another way of saying counterfeiting. It exists in large measure because we're running a trillion-dollar deficit and, while we can hoodwink investors into funding two-thirds of it, we need to print away the last third.

Monday, October 14, 2013

Gold - Goldman Sachs Strikes Again / Commodities / Gold and Silver 2013

By: Clif_Droke

Call it the revenge of the gold bears. Jeffrey Currie, the Goldman Sachs chief commodity analyst whose name inspires dread on all gold bugs who hear it, has made yet another bearish prediction for the gold price.

Last week Mr. Currie stated that gold is a "slam dunk" sell because of his expectation that the U.S. economy will extend its recovery after Congress extends the debt ceiling. The price of gold, as if on cue, promptly declined after Currie's remarks were widely published and it appears that gold is indeed poised for another leg down.

Sunday, October 13, 2013

Why Peak Oil Was Wrong, Is US Economic Growth Over? / Commodities / Energy Resources

By: John_Mauldin

After last week's discussion of the Affordable Care Act, it would be easy to drift off into all of the negative consequences of the current problems in Washington DC. There's just so much negative energy every time you turn on the TV that it simply drains you. I am well aware of what's happening and why, and yet I still find myself weary simply from the process of trying to follow what's happening. If I feel that way, it's no wonder the polls show that the general public's attitude is "a plague on all your houses." Of course, the snafus always seem to get resolved, but you just wonder how worthwhile all the drama is.

Saturday, October 12, 2013

Gold and Silver - Western Bankers [Forced] Bowing To China / Commodities / Gold and Silver 2013

By: Michael_Noonan

On Friday morning, gold trading was shut down for 10 seconds in a "stop logic" event, as the CME explains. In essence, when there is an overload of orders that cleans out stops, the market halts, [10 seconds???] "designed to prevent exaggerated price movements." In a sorry-ass explanation that defies common sense, except to protect the criminal exchange behavior, we give this CME propaganda no further consideration.

Saturday, October 12, 2013

Gold and America's Fake Debt Default / Commodities / Gold and Silver 2013

By: Adrian_Ash

Gold just isn't working as advertised as Washington flirts with disaster...

There's no denying that precious metals are falling even as the US debt-limit deadline draws so near, you can see that it's wearing a wig.

In fact, the mere hint of a short-term fix to avoid default next Thursday knocked gold prices below $1300 this week, with a further plunge as US trade opened on Friday.

Friday, October 11, 2013

Gold Stocks Have Never Been As Cheap as Right Now / Commodities / Gold and Silver Stocks 2013

By: Zeal_LLC

Gold stocks continue to be universally despised, plagued by extreme bearishness.  This has hammered their stock prices to epically-undervalued levels that are truly fundamentally absurd.  This whole sector is now trading as if the gold price was less than a third of current levels!  This massive disconnect has created vast opportunities for brave contrarians who have forged the mettle to buy low when few others will.

For literally thousands of years around the entire planet, gold has been an indispensable asset.  It has been Tolkien’s One Ring of money, ruling over all national currencies ever created.  It has been essential for wealth preservation and portfolio diversification, not to mention inflation protection and capital gains.  The natural human lust for gold has dramatically reshaped world history, there is simply nothing else like it.

Friday, October 11, 2013

U.S. Gold and Debt Ceiling - Here We Go Again / Commodities / Gold and Silver 2013

By: P_Radomski_CFA

Since the U.S. shutdown began last week gold has been trading in a tight range between $1,277 and $1,330 per ounce. Although investors have believed that worries over the debt ceiling would be only short-lived, it seems that each day that passed without an agreement tested their nerves.

On Thursday, President Barack Obama agreed to consider a proposal from Republican lawmakers to avert a historic debt default. U.S. House of Representatives Republicans plan to offer President Barack Obama a short-term increase in the federal debt limit if he agrees to negotiate with Republicans on matters, including funding to reopen the government.

Friday, October 11, 2013

Gold - The Situation Is Hopeless, But Not Serious / Commodities / Gold and Silver 2013

By: Casey_Research

By Shannara Johnson, Chief Editor

"After listening to some of this morning's speakers, I made sure to program the number of the suicide hotline into my cell phone," real estate expert Andy Miller joked at the beginning of his speech.

And legendary natural-resource investor and chairman of Sprott US Holdings, Rick Rule, quipped, "It's amazing—I actually get to be the positive guy here."

Friday, October 11, 2013

Gold Price Sinks 1.8% in 2 Minutes on U.S. Debt Deal Hope / Commodities / Gold and Silver 2013

By: Adrian_Ash

WHOLESALE and futures prices for gold dumped 1.8% inside 2 minutes Friday lunchtime in London, extending the week's losses to $50 per ounce at a 3-month low of $1265.

The move came on suddenly heavy volume in the gold futures market, which had previously been quiet after Thursday's fall through $1300.

Friday, October 11, 2013

Long Gold, Short Silver And Exponential Demand / Commodities / Gold and Silver 2013

By: Dr_Jeff_Lewis

Each day more conspiracy theories are becoming conspiracy fact. From Enron to Madoff, the NSA to LIBOR, these scandals were "known" years before being acknowledged or embraced by officials or the mainstream media.

What remains unknown is the distortion this "new reality" will have on behavior and ultimately, the market and nowhere has the distortion been allowed to continue for as long as that associated with the Precious Metals. 

Friday, October 11, 2013

The UK Fuddles Its Way To Energy Crisis / Commodities / Gold and Silver 2013

By: Andrew_McKillop

THE US PREFERS DEBT CRISIS
For people outside the US its easy to laugh at America’s political system, which is once again showing itself to be hopelessly defective as it trundles the nation towards a possible default on its debt – about a half of which is held by non-Americans. In a development oozing geopolitical significance, China and Japan, America’s top creditors, have already made their stress and displeasure known in no uncertain terms. In the case of Japan, it was forced to step in and offer to pay for the US removal of its Okinawa base dating from World War II, because the US can't afford to remove it. China and other countries including Australia have warned they will increasingly not use dollars in their foreign trade.

Thursday, October 10, 2013

The Calm Before the Gold and Silver Precious Metals Storm / Commodities / Gold and Silver 2013

By: Steve_St_Angelo

The financial hurricane hit the world in 2008 destroying huge swaths of assets, real estate valuations, numerous banks and financial institutions.  As the storm cleared, the Fed and central banks stepped in by flooding the world with money to supposedly assist in dealing with the damage while providing special programs to rid the banks of debris and garbage clogging up their businesses.

After trillions of dollars of so-called monetary assistance, the financial damage appears to be repaired giving the public a false sense of security that the storm has finally passed.  Unfortunately, the world has only dealt with the first part of the storm and is now sitting in the eye of the financial cyclone.

Thursday, October 10, 2013

Crude Oil Price Volatility on the Way? / Commodities / Crude Oil

By: Submissions

Tom Therramus writes: In a previous Oil-Price.net articles published in 2010 and 2011 , I discussed predictive relationships that appear to occur between large, rapid swings in oil price and recessions, stock market crashes and shifts in political polls. Given the economic disruptions that nearly always happen in the aftermath of oil shocks, it seems important to understand what is behind the timing of transient instabilities in the oil markets.