Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Monday, June 24, 2013
Australian Gold Stocks Sector Update / Commodities / Gold and Silver Stocks 2013
By: Neil_Charnock
The Australian gold sector (XGD) is selling today (intra-day) at a record 53.56% below its 200dma. This is a rare event indeed as even the 2008 violent panic crash produced a low around 48% below the 200dma at that time. This current crash on the Australian XGD is a fall of 66% since October 2012 and a fall of 75% from the all-time high of 8498.9 in April 2011.
To understand this index you have to look at its makeup. The index is weighted and therefore dominated by our largest gold stock Newcrest which has fared very badly this month. Therefore the Newcrest weighting in the index has lessened over the recent month. This stock has fallen 56.1% since the 27th March this year and 36.63% since the 4th of June alone. With Newcrest down so far you have to ask where the rest of the sector is relative to old lows right now.
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Monday, June 24, 2013
Gold Price Could Go to $700 or $3000 / Commodities / Gold and Silver 2013
By: WavePatternTraders
That's the question that Gold traders and investors are asking themselves.
Gold has now reached a climax point that long term traders get to really find out if Gold is still in a bull market or finally in a long term bear market.
No matter how you look at it, Gold has been in a bear market for the past few years, whilst long term you could argue its still in an up trend, I think the decision about the direction of Gold being in a long term bull trend is about to be decided shortly.
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Monday, June 24, 2013
Ron Paul: Gold Price Could Go to 'Infinity' / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,283.25, EUR 978.98 and GBP 836.21 per ounce.
Friday’s AM fix was USD 1,290.25, EUR 976.28 and GBP 833.33 per ounce.
Gold climbed $15.50 or 1.21% on Friday and closed at $1,294.00/oz. Silver reached a high of $20.121 and finished up 2.19%. Gold and silver were both down on the week -6.93% and -9.07% respectively.
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Sunday, June 23, 2013
Gold and Silver Price Plunge, What Triggered the Knife to Fall? / Commodities / Gold and Silver 2013
By: EWI
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.
Sunday, June 23, 2013
What Kind of Fools Are Buying Gold? / Commodities / Gold and Silver 2013
By: Jesse
On the whole, the world's central banks are now net buyers of gold, and have been for some time, after being net sellers for over twenty years.
Russia is one example.
Why do you think they are buying it? They don't understand money?
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Sunday, June 23, 2013
U.S. Fed Meeting Did Not End Gold Bull Market / Commodities / Gold and Silver 2013
By: Bob_Kirtley
This week’s Fed meeting saw members putting forward a provisional timetable for the tapering and the end of QE3. This triggered a sharp decline in gold prices, as additional QE has been a major driver of higher prices in recent years. One question we are getting asked is did this FOMC meeting end the gold bull market?
Our answer is no, this Fed meeting did not end the gold bull market.
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Saturday, June 22, 2013
Gold And Silver - The End Is Near; Just Not In Sight / Commodities / Gold and Silver 2013
By: Michael_Noonan
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
By: Jordan_Roy_Byrne
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.
Saturday, June 22, 2013
Reasonable Gold Market Expectations / Commodities / Gold and Silver 2013
By: Jeff_Clark
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
By: Zeal_LLC
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
By: Jan_Skoyles
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
By: Ben_Traynor
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
By: Money_Morning
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
By: Bob_Kirtley
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
By: EWI
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
By: Adrian_Ash
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
By: The_Energy_Report
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
By: Julian_DW_Phillips
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.
Thursday, June 20, 2013
Gold, Silver, Stocks, Bonds Plunge On Fed Noise And China Debt Crisis Risk / Commodities / Gold and Silver 2013
By: GoldCore
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
By: Ben_Traynor
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'.