Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Thursday, July 11, 2013
Gold Major Cycle Turn Today / Commodities / Gold and Silver 2013
By: Anthony_Cherniawski
Good Morning!
The higher retracement in gold prompted me to re-examine the Cycles Model. In doing so, I discovered that the red Master Cycle completed 235 days on June 28. In it were 4 Trading Cycles, averaging 58.5 days each and 5 Primary Cycles, averaging 47 days each. One of the ways to determine whether this is correct is that the lesser cycles will stretch or shrink to fit the Master Cycle, which we can see in the chart.
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Thursday, July 11, 2013
Gold Surges $50 As Brinks Sees 55% Decline In Gold Inventories / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,280.75, EUR 981.87 and GBP 848.91 per ounce.
Yesterday’s AM fix was USD 1,252.25, EUR 977.02 and GBP 840.78 per ounce.
Gold climbed $2.70 or 0.22% yesterday and closed at $1,251.10/oz. Silver fell $0.07 or 0.36% and closed at $19.15 prior to some sparks that were seen in after hours and Asian trading.
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Thursday, July 11, 2013
Inside the White Hot Chinese Gold Market / Commodities / Gold and Silver 2013
By: Jan_Skoyles
In the next part of our on-going look at the global gold market we now turn our attention to the Shanghai Gold Exchange. An exchange which has received more interest of late, than any other in the world of gold and silver.
Previously we have looked at the global gold market, COMEX, and more recently the London Gold Market. The next logical focus of our investigations is the Shanghai Gold Exchange. We also have a great infographic providing you with the top figures.
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Thursday, July 11, 2013
Crude Oil Myths and Why WTI Is a Short / Commodities / Crude Oil
By: EconMatters
The Cushing Myth
"Going along with 'drill, drill, drill' is now 'ship, ship, ship,' " said John Kilduff, energy analyst with Again Capital.” The bottleneck has been addressed in Cushing [Okla]. We're seeing those inventories plunge. We're seeing it from all the rail movement. It's having an impact, as are the pipeline reversals."
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Thursday, July 11, 2013
The Switch in Gold Offered Rates / Commodities / Gold and Silver 2013
By: Adrian_Ash
Dead for almost a decade, gold offered rates are suddenly headline news...
The Markets in physical gold and silver can look very odd places at first glance. The price drop this year has been so aggressive, it's only making them odder.
Take the market for gold lending, for instance. Few people understand the difference between leasing and forward swaps. Nor should they care, not as a rule. Even if you really haven't got anything better to worry about, the two forms of gold lending look very similar net-net.
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Thursday, July 11, 2013
Something's Got to Give in the Gold Market / Commodities / Gold and Silver 2013
By: The_Gold_Report
These are scary times for precious metal investors. Resource equities are in the tank and, adding insult to injury, the gold price took a precipitous fall just days before summer, notoriously one of the slowest seasons for precious metals. Heiko Ihle, an analyst with Euro Pacific Capital in Connecticut, tells The Gold Report that something has to give. And soon. Ihle sets out a likely scenario and highlights some miners that are able to produce profitably at current metals prices.
The Gold Report: Heiko, in late June gold had its biggest weekly drop in two years. What's your take on that?
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Wednesday, July 10, 2013
Palladium Showing Great Relative Strength Versus Gold in 2013 / Commodities / Palladium
By: Jeb_Handwerger
Precious metals and oil (DBO) seem to have reversed higher last week on the military coup in Egypt. Bernanke is scheduled to speak and the markets may already be pricing in some dovish statement to alleviate fears of tapering which could cause some short covering and bargain hunting. Prices of platinum (PTM) and palladium (PALL) continue to outperform other metals such as gold (GLD), silver (SLV) and copper (JJC) over the past 9 months. For many months, I have been warning my readers about the growing risks to platinum and palladium supply as labor strikes intensify in South Africa.Read full article... Read full article...
Wednesday, July 10, 2013
Rising Borrowing Costs Nudge Gold Price Higher / Commodities / Gold and Silver 2013
By: Adrian_Ash
WHOLESALE prices for gold rose 1.1% in Asian and London trade Wednesday morning, nearing yesterday's 1-week highs at $1260 per ounce as the rate for leasing and borrowing gold rose further.
Silver prices rose 1.8% from an overnight low at $19.05 per ounce.
Equity markets slipped while commodities rose with major government bond prices, nudging 10-year US Treasury yields further back from Monday's 2.73% – their highest level since August 2011.
Wednesday, July 10, 2013
Will Gold Prices Rise or Will the Bear Market Continue? / Commodities / Gold and Silver 2013
By: Money_Morning
Diane Alter writes: Will gold prices rise in 2013, or will the bear market continue in the second half of the year?
The bears have certainly been loud this year, as short-term bets against gold paid off in the first half of 2013. Gold lost 27% in Q1, the worst first-half performance since 1981.
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Wednesday, July 10, 2013
If You Own Gold, You Must See This Chart… / Commodities / Gold and Silver 2013
By: Money_Morning
Keith Fitz-Gerald writes: What I'm about to say will challenge even the most steadfast gold bears - or anyone for that matter right now who thinks that gold has seen its better days.
The chart below tells a story - a big story. In fact, I encourage you to forward this email to anyone you know who serious about his money.
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Wednesday, July 10, 2013
Gold Market Structure - Little Red Riding Hood / Commodities / Gold and Silver 2013
By: Jesse
We have not seen a market structure like this since the beginning of 2009. It appears to be tilted towards a significant trend change.
Although we have to remember that this structure is on the COMEX, which is becoming a market involved largely in the movement of paper, rather than a mechanism for the efficient discovery of price and the allocation of capital to resources.
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Wednesday, July 10, 2013
What the Fundamentals Say about Gold Prices! / Commodities / Gold and Silver 2013
By: Julian_DW_Phillips
We are expanding on the small piece we gave subscribers last week, where we took the gold market over the last two months and adjusted the Demand/Supply numbers in line with the fall in the gold price.
'Bear Raid' with SPDR Gold Sales
After all the fall in the gold price was hard and fast due entirely to the bear raid in the U.S. This started in mid-April after the sales from the SPDR gold ETF had begun more than a month ahead of that. The signal for the bear raid was given when Goldman Sachs issued a recommendation to their clients to go 'short' of gold. The fall was very dramatic and shook the gold world to its roots. The volumes of physical gold that were sold were enormous. Even the Central Bank Gold Agreement limitations on gold sales (when they occurred, pre-2009) were held at 4 - 500 tonnes a year. These sales took place over three months, with the 500 tonne bear raid happening in one week.
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Wednesday, July 10, 2013
Crude Oil Trend Analysis / Commodities / Crude Oil
By: Ed_Carlson
For several months I have been expecting a high in oil as of last Friday. A 34-month cycle (below) was my original suspicion for thinking so. But as you can see, the cycle calls for a high in June, not July. While the closing high in June has, as of last Friday, been exceeded, we won’t know where the closing high in July will be for three more weeks. Friday’s close at 103.22 is dead-on the 61.8% retracement of the 2008 bear market (as well as a declining trendline) giving us the perfect level at which to expect a possible top.Read full article... Read full article...
Wednesday, July 10, 2013
Why I’m Bullish on Gold Right Now / Commodities / Gold and Silver 2013
By: InvestmentContrarian
Michael Lombardi writes: What we are seeing right now in the gold bullion market is unprecedented. The mainstream media continue to rail against gold as an investment, and prominent pundits have even declared that the precious metal will decline to $1,000 or even lower. But, in my opinion, it looks like these commentators are unable to see past the recent decline in prices.
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Tuesday, July 09, 2013
Why the Gold Standard is Still Relevant / Commodities / Gold and Silver 2013
By: Money_Morning
Tony Daltorio writes: This history of the gold standard explains why there's a growing group of advocates calling for its return...
President Herbert Hoover made a statement in 1933 that rang true for centuries and still rings true today for many: "We have gold because we cannot trust governments."
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Tuesday, July 09, 2013
Russia’s Gokhran May Resume Gold, Silver Purchases Next Year / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,252.00, EUR 972.58 and GBP 840.95 per ounce.
Yesterday’s AM fix was USD 1,225.50, EUR 954.22 and GBP 822.70 per ounce.
Gold rose $14.80 or 1.21% yesterday and closed at $1,236.50/oz. Silver climbed 1.06% and closed at $19.06.
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Tuesday, July 09, 2013
Telegraphing the Turnaround in Gold Price / Commodities / Gold and Silver 2013
By: Jeff_Clark
As of last Friday, gold has now fallen as much 35.4% (based on London PM fix prices) over 96 weeks. But if you're like us, you still recognize that the core reasons for investing in gold haven't changed. People who sold their gold recently made a shortsighted decision. Before too long precious metals will rebound—and probably in a big way.
Tuesday, July 09, 2013
The China Asian Giant Stampeding into Gold / Commodities / Gold and Silver 2013
By: Frank_Holmes
I recently discussed how traders were stampeding out of gold as a result of rising interest rates and the threat of evaporating monetary fluid that was lubricating markets. Hovering around $1,200 at the beginning of July, the gold price has completely disconnected from the precious metal's fundamentals, in my opinion. Prices have fallen too far out of fear, but the drivers for gold are still in place.
Tuesday, July 09, 2013
Strategies for Success in a Bloody Gold Stocks Market / Commodities / Gold and Silver 2013
By: The_Gold_Report
With so many junior mining companies going into hibernation, John Kaiser of Kaiser Research Online fears that the entire mining sector could fall dormant. In this interview with The Gold Report, he outlines approaches to discovery and development that smart, nimble companies are deploying to stay alive. Whether precious, base and critical metals, or in jurisdictions as exotic as Morocco and as familiar as Nevada, these are the basics required for survival in today's brutal market.
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Monday, July 08, 2013
Gold Bugs Are Still Wrong / Commodities / Gold and Silver 2013
By: Investment_U
Alexander Green writes: On Friday, Dr. Mark Skousen wrote an Investment U column titled “In Defense of Gold… and “Gold Bugs.” Skousen is a free-market economist, a former college professor, the 30+-year editor of Forecast & Strategies, the founder of the libertarian conference FreedomFest and the author of more than 20 books. He is also a good friend and colleague.