Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Saturday, June 22, 2013
Gold And Silver - The End Is Near; Just Not In Sight / Commodities / Gold and Silver 2013
Whatever expectation[s] you may have, expect the unexpected and unlike what you may expect. So far, that has been playing out quite nicely, and one of our expectations is that it will continue to unfold in the same manner, and to the ongoing surprise of most.
"Gold will be at/above $2,000 by the end of the year."
"Gold will reach $3,000 [$5,000, $10,000, etc] and silver $100, [$250, $500, etc]"
"The central bankers are [just about] out of gold." [The cupboards are likely bare.]
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Saturday, June 22, 2013
Gold Stocks Final Capitulation Imminent / Commodities / Gold and Silver 2013
Our recent calls for a bottom have been proven wrong as precious metals plunged to another new low. Two trading rules we have is to always use a 20% stop and never add to a losing position. Note our previous article in which we said use the late May low for a stop. This helps minimize risk and potential losses, though we have a handful of small losses trying to anticipate the coming rebound. We always admit mistakes to subscribers and we never blame manipulation. That is just unprofessional. All being said, a close examination of history tells us that this could be the final capitulation that would lead directly to a huge rebound in the ensuing months.
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Saturday, June 22, 2013
Reasonable Gold Market Expectations / Commodities / Gold and Silver 2013
The historical record shows that those who get washed out during big corrections miss the greatest buying opportunities of a bull market.
With that as context, what can we expect from gold moving forward? Let's start with the short term…
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Friday, June 21, 2013
Gold Stocks Bullish Volume / Commodities / Gold and Silver Stocks 2013
Even before this week’s latest Fed-tapering scare, gold stocks remained firmly entrenched as the most-hated sector in all the markets. They are as deeply out of favor as they’ve been in their entire dozen-year secular bull, hyper-oversold and radically undervalued. Given such epic antipathy, I figured they were also suffering from low trading volume. Turns out they are, with some surprises, which is a bullish omen.
It’s been several years since I’ve studied gold-stock volume in any depth, and I’ve been growing more curious about it as this year’s massive gold-stock rout wore on. Trading volume is pretty ambiguous as far as technical indicators go. While most indicators clearly flag excessive greed or fear, high volume can show both. Volume tends to surge when traders get excited, when either kind of emotion is running high.
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Friday, June 21, 2013
Taking the Blinkers off the Gold Analysts / Commodities / Gold and Silver 2013
Since the middle of April we have all heard the gold bear cry of ‘it’s over, gold is done with…the bubble has burst.’ But not many of these so-called expert commentators have really looked into the strength of demand in the East.
Jeff Nichols wrote in a note to investors recently that he believed gold bears ‘have a fairly provincial view and limited understanding of gold’s increasingly bullish long-term fundamentals.’ He went onto define ‘provincial’: ‘they are ignoring more than half the world.’
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Friday, June 21, 2013
Gold and Silver Hit New Lows as CME Hikes Margins / Commodities / Gold and Silver 2013
SPOT MARKET gold bullion prices touched fresh three-year lows Friday at $1269 an ounce before recovering a little by lunchtime in London, as stocks and commodities also regained some ground after sharp falls yesterday.
Spot silver prices fell as low as $19.41 an ounce, as with gold their lowest level since September 2010, before they too recovered a little, as other commodities also ticked higher while the US Dollar weakened slightly.
Friday, June 21, 2013
The Best "Bargain" Silver Mining Stocks to Buy Now / Commodities / Gold and Silver Stocks 2013
Tim Melvin writes: Precious metals related stocks have been under selling pressure all year, but smart investors are having a field day scooping up some of these best "bargain" silver stocks to buy right now.
Companies that mine gold and silver have seen their stock prices punished as the metals' prices have declined. So far this year gold is down 18% while silver prices have been punished even more severely, falling 28%.
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Friday, June 21, 2013
Junior Gold Mining Stocks From Distress To Misery For Investors / Commodities / Gold and Silver Stocks 2013
Gold prices have been taking a pounding of late with today’s session on the NYSE witnessing a close of $1277.80/oz, with poor man’s gold, silver, closing at $19.82. The gold Bugs index (HUI) also took it on the chin losing around 7.5%.
With this environment as a back cloth it is understandable that the juniors in this sector also had a torrid time with Market Vectors Junior Gold Miners ETF (GDXJ) losing 9.78% to close at $9.32. So it begs the question; is GDXJ now a buy?
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Friday, June 21, 2013
Gold and Silver - A Great Day to be a Bear / Commodities / Gold and Silver 2013
In the wee morning hours before dawn on Thursday, June 20, the precious metals' rooster crowed, "*****-a-doodle-DOH!"
It was the ultimate wake-up call:
Read full article... Read full article...First, gold prices plummeted 4% then 5% then 6% below $1300 per ounce to their lowest level in nearly three years. Soon, silver followed in an even steeper drop below $20.
Friday, June 21, 2013
After the Gold Crash - Summer Rest for the Gods Or Gold? / Commodities / Gold and Silver 2013
After the Fed's gold crash, what might India's Chaturmas mean for prices...?
AFTER the import curbs came the Fed. Next will come Chaturmas. Might this 'closed season' for Indian weddings finally stem the subcontinent's frantic gold buying this summer?
It usually does. All Asian gold demand tends to ease off mid-year, but India goes dead quiet, thanks to the lack of auspicious days on the Hindu calendar. 2013's Chaturmas – literal meaning, "four months" – starts in mid-July. Although it starts later and is shorter than in 2012, the shutdown for Indian weddings will still run until early November as the Hindu gods and goddesses enjoy their Yogi Sleep.
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Friday, June 21, 2013
How to Profit from Seasonal Energy Cycles / Commodities / Energy Resources
For short-term traders, understanding cyclical markets is the key to profits. And with the hottest summer months ahead, natural gas could get a price boost when air conditioners start to hum, says Roger Wiegand, publisher of the Trader Tracksinvestment newsletter. In this interview with The Energy Report, Wiegand shares some promising names for investors who are ready to read the technical charts—and mark their calendars.
The Energy Report: How are the supply/demand fundamentals playing out for North American energy resources?
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Thursday, June 20, 2013
Will the U.S. Be Able to Dominate the Gold Price Both Ways? / Commodities / Gold and Silver 2013
In April the gold price buckled and fell $330, $200 of which took only two days. It was a well-engineered bear raid, initiated by over 400 tonnes of 'short' positions on the COMEX futures and options market. But the futures and options market is not likely to cause the price of gold to fall as only 5% of that market involves the physical delivery of gold and then only after the counterparty has been put on notice that physical delivery of gold is required.
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Thursday, June 20, 2013
Gold, Silver, Stocks, Bonds Plunge On Fed Noise And China Debt Crisis Risk / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,303.25, EUR 986.34 and GBP 842.38 per ounce.
Yesterday’s AM fix was USD 1,366.00, EUR 1,019.86 and GBP 874.91 per ounce.
Gold fell $16.10 or 1.18% yesterday and closed at $1,351.00/oz. Silver sank to $21.25 and ended down 1.25%.
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Thursday, June 20, 2013
Gold, Silver Fall to 3 Year Lows as Bernanke Says Fed Could Slow Asset Purchases This Year / Commodities / Gold and Silver 2013
SPOT MARKET gold and silver prices fell to their lowest levels since September 2010 Thursday, with gold dropping through $1300 an ounce during London trading and silver falling below $20 an ounce.
Stocks and commodities also fell and the US Dollar strengthened after US Federal Reserve chair Ben Bernanke told a press conference that "the underlying factors are improving" in the US economy, adding that the Federal Open Market Committee could begin to scale back its $85 billion-a-month asset purchases later this year, a process that has become known as 'tapering'.
Thursday, June 20, 2013
Gold and Silver Stocks Cold Hard Look at the Unfolding Carnage / Commodities / Gold and Silver Stocks 2013
Before we look at the charts tonight I just want to make it perfectly clear that I’m not a gold basher or wish for bad things to happen to the precious metals complex. I first found the bull market in the precious metals stocks in the spring of 2002 after having the ride of a lifetime trading the tech stocks up until the spring of 2000 where I cashed out based on a particular chart pattern that told me to either expect a decent consolidation period to begin or it was the end of one of the greatest bull markets in history. It didn’t take long to see a major top had formed and the place to be was on the sidelines. During that great run in the late 1990′s the precious metals stocks were not even close to being on my radar screen. It wasn’t until I looked at a long term chart for gold, in the spring of 2002, that I seen a beautiful inverse H&S base that I couldn’t ignore. I didn’t know anything about the precious metals stocks at that time but with that beautiful H&S base I knew some of the precious metals stocks had to have a bullish look to them as well. I learned about the little juniors that everyone, who was connected to the precious metal complex, were talking about. This was game on for me and I have traded exclusively in the precious metals complex for the last eleven years. The chart patterns that gold, silver and the HUI created during their bull market were some of the most beautiful patterns a chartists like myself could ever expect to see.
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Thursday, June 20, 2013
Get Ready for Really Cheap Silver Stock Prices / Commodities / Gold and Silver 2013
It's a jungle out in the silver markets. Investors are holding on for their lives as the price of metals swings to higher highs and lower lows and junior equities bounce along the bottom. In this interview with The Gold Report, David H. Smith, senior analyst at silver-investor.com's The Morgan Report, navigates the jungle by advising which explorers, midtiers, stalwarts and royalties to consider buying in tranches on the way down and selling on the inevitable way up.
The Gold Report: David, Silver Investor analyzes the long-term macro trends and specific stock catalysts in the silver market. What do you see as the risk/reward profile over the next 12 to 36 months in the space?
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Wednesday, June 19, 2013
What Lies Ahead for the Gold Price? / Commodities / Gold and Silver 2013
First, the bad news…
The selling is likely not over. The capitulation process may not be completed. Overall momentum remains down.
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Wednesday, June 19, 2013
How to Invest in Platinum in 2013 / Commodities / Platinum
Tony Daltorio writes: Anyone following how to invest in platinum this year has noticed the importance of South Africa to this metal's price.
That's because most of the world's platinum supplies come from South Africa. The country produces nearly 70% of the world's platinum and is home to 80% of the world's reserves.
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Wednesday, June 19, 2013
Why the Fed's QE Policy is Bullish for Crude Oil Prices / Commodities / Crude Oil
Dr. Kent Moors writes: Most investors have followed what the Fed's QE policy has done to gold, but few realize its impact on oil prices.
Recently, I talked about how crude was beginning to occupy a position as a store of market value ("Why Oil Is Becoming the New 'Gold Standard," May 20, 2013). The development has been a direct consequence of the flight from holding gold.
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Wednesday, June 19, 2013
Crude Oil Prices Start to Breakout / Commodities / Crude Oil
Following the May 25, 2013 Market Minute titled "Is oil about to breakout to higher levels?", Light crude prices have moved over a resistance level that have contain the commodity for over six months. As this transition is in its early stages, several additional days of price advancement will be required to confirm the breakout. Nevertheless, WTI prices are firming and signals a change in traders attitude toward this commodity.
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