Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Wednesday, June 12, 2013
Gold - Saving Real Money / Commodities / Gold and Silver 2013
By: James_Turk
Up until the late 1960s, it was considered prudent for everyone to have some savings. By forgoing consumption, savings gave the ability to consume more at a later date through the accumulation of interest income.
This result is similar to what one hopes to achieve with an investment, but savings and investments should not be confused. A person uses money to make an investment, whereas saving is the process of accumulating money itself. Thus, you put your money at risk when making an investment, which hopefully will become a wealth-creating asset. In contrast, savings are meant to be riskless.
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Tuesday, June 11, 2013
Gold Downtrend Continuation / Commodities / Gold and Silver 2013
By: ForexPros
A sharp reversal from 1423 through the lower side of a corrective channel suggests that a rally from 1337 is complete, and that the market is headed lower. We expect further weakness on gold for this week, ideally close to 1340 week with impulsive personality. The trend is bearish; below 1423 is critical level.
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Tuesday, June 11, 2013
Why Soaring Crude Oil Production Growth Isn’t Helping Prices / Commodities / Crude Oil
By: Profit_Confidential
Mitchell Clark, B.Comm writes: There is now pressure on oil prices.West Texas Intermediate (WTI) crude is getting awfully close to the $100.00-per-barrel level again. Futures traders are interpreting economic news, including last Friday’s employment report, as strength in the U.S economy.
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Tuesday, June 11, 2013
Gold Falls to 3-Week Low on Talk of Slowing QE / Commodities / Gold and Silver 2013
By: Ben_Traynor
SPOT GOLD fell to three week lows below $1370 an ounce Tuesday, as stocks and commodities also fell amid ongoing speculation over when the US Federal Reserve might begin reducing the size of its quantitative easing program.
"Gold remains bearish while trading below the $1424 current June high," reckons Commerzbank senior technical analyst Axel Rudolph.
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Tuesday, June 11, 2013
Gold Prices Bargain for India's Consumers, But Problem for Government / Commodities / Gold and Silver 2013
By: Money_Morning
Diane Alter writes: The last several months have been tough on gold prices, but gold bugs haven't lost their insatiable appetite for the yellow metal. With gold officially in a bear market, demand is surging at today's bargain prices.
Gold demand is especially strong in India, where gold is the investment of choice among consumers. India's gold imports reached 162 tons in May, almost twice the average level.
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Tuesday, June 11, 2013
Solid U.S. Non Farm Payrolls Will Send Gold and Silver to New Lows / Commodities / Gold and Silver 2013
By: Bob_Kirtley
With US Non-Farm Payrolls coming in at a solid +175k, gold and silver prices are set to take another leg lower as a complete absence of additional quantitative easing removes the need to buy gold as a hedge against further easing of US monetary policy. We therefore see both gold and silver prices taking another large leg lower in coming months, with both precious metals hitting new multi-year lows before too long.
Tuesday, June 11, 2013
June Silver's Weakest Seasonal Month Presents Buying Opportunity / Commodities / Gold and Silver 2013
By: Clive_Maund
While silver is on the defensive short-term there is plenty of evidence that over the medium and longer-term it is setting up for a powerful rally. COT's and sentiment are already very bullish indeed, which means that when the turn does come, the rally is likely to be accentuated by panic short covering.
On its 6-month chart we can see how silver is being pressured lower by its falling 50-day moving average coming into play overhead, although the increasingly large gap between the 50 and 200-day moving averages is indicative of an oversold state that increasingly calls for reversal. Volume is still predominantly negative, suggesting lower prices dead ahead. After that we can expect reversal. There was a pronounced bull hammer in silver in the middle of May towards the intraday low of which there is quite strong support - silver may drop no longer than the low of this hammer.
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Tuesday, June 11, 2013
Gold Major Reversal Imminent, Rare Opportunity to Buy at Ridiculously Low Prices / Commodities / Gold and Silver 2013
By: Clive_Maund
We are very close to or at a major bottom in gold and silver now, regardless of the potential for another short term downleg. This is made plain by the charts we are going to look at in this update. COTs and sentiment are now at extraordinary extremes not seen in the entire history of this bullmarket. This means that when the turn really comes we are likely to see a scorching rally which will be driven by massive short covering that will leave most investors standing, mouths agape.
On its 6-month chart we can see gold starting to be pressured lower again by its falling 50-day moving average, after a feeble recovery rally. Although it looks set to continue lower short-term probably into the support approaching its April panic lows, for reasons that we will come to later there is considered to be a fair chance that these lows will hold, or that if the price does break to new lows, it won't be by much before it reverses to the upside after setting a bear trap. The position of the MACD indicator, which has largely neutralized following oversold extremes, certainly allows for further downside, but at the same time gold's overall oversold condition is shown by the large gap that has opened up between the price and its 50-day moving average, and the 200-day moving average quite far above.
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Monday, June 10, 2013
Silver Price Cycles, Forcasting the Next Tops and Bottoms / Commodities / Gold and Silver 2013
By: DeviantInvestor
Silver prices peaked in April 2011 and dropped about 60% over the next 25 months. Sentiment by almost any measure is currently terrible. Few are interested in silver; most have lost money (on paper) if they bought in the last two and one half years, and the emotional pain seems considerable. It reminds me of the years after the NASDAQ crash in 2000.
So will silver drop under $15 or rally back above $50?
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Monday, June 10, 2013
Gold and Silver Rally Seen "Over" as US Fed Tapering Talk Hits Markets / Commodities / Gold and Silver 2013
By: Adrian_Ash
The GOLD PRICE rallied from a 1-week low at $1376 per ounce Monday morning in London, edging back up to $1383 as world stock markets rose.
Silver fell within 20¢ of mid-May's 30-month low, before rallying to $21.80 per ounce.
Commodity prices fell after weaker-than-expected Chinese industrial data. US Treasury bonds also slipped in price once again, nudging interest rates on 10-year debt up to 2.17%.
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Monday, June 10, 2013
Royal Mint Gold Coins Demand Surge Continuing After Trebling In April / Commodities / Gold and Silver 2013
By: GoldCore
Today’s AM fix was USD 1,376.75, EUR 1,041.89 and GBP 887.37 per ounce.
Friday’s AM fix was USD 1,410.00, EUR 1,065.12 and GBP 905.53 per ounce.
Gold fell $33.30 or 2.36% on Friday to $1,378.70/oz and silver slid to a low of $21.56 and finished down 4.89%. Gold was down 0.45% and silver fell 2.75% last week.
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Monday, June 10, 2013
A Huge Liquid Natural Gas LNG Energy Boom Has Begun / Commodities / Natural Gas
By: Money_Morning
Peter Krauth writes: Oh, the law of unintended consequences and the opportunities it brings.
Thanks to the new standard of Keynesian Abenomics, the Nikkei has blasted 47% higher since November. The Yen has lost about 25% against the U.S. dollar in the same time.
While we don't know what the future will hold for these trends, there's something else going on that will not fade quickly: The weak Yen has made imports to Japan a whole lot more expensive...including energy.
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Sunday, June 09, 2013
Notes on ‘Gold Confiscation Possibility Warning’ / Commodities / Gold and Silver 2013
By: Submissions
Mark Blair writes: in his essay ‘Gold Confiscation Possibility Warning,’ Jeff Thomas asks for opinions, a most refreshing change.
My thesis is, paradoxically, that Mr. Thomas could well be right about the INTENTION of the government to confiscate gold; but that the U.S. state lacks the power at this point to manage the process to completion. Here is my reasoning:
Sunday, June 09, 2013
Peak Oil - A Simple, Perfect Lie for Politicians / Commodities / Crude Oil
By: DailyWealth
Porter Stansberry writes: Peak Oil was a fantastic lie.
The idea was that our ability to discover and produce higher amounts of hydrocarbon-based energy had peaked and would be forever in decline. This "inevitable" decline in energy production would destroy the modern world, as all the luxuries and technologies that we enjoy today (such as cheap electricity and automobiles) rely on these fuels.
I believe historians will look back and marvel over how we could imagine the world would run out of oil... and the incredible mania that thinking produced in the oil markets in the mid-2000s.
Saturday, June 08, 2013
Gold And Silver Price Reality Does Not Matter - COMEX Potemkin Does / Commodities / Gold and Silver 2013
By: Michael_Noonan
It never gets tiring to say how the market is the most reliable source of information in the form of developing market activity. Prior to the sharp sell off in mid-April, the prevailing belief was that central bankers had their golden teat caught in a demand ringer from which there was no escape. Never underestimate the [devious] ability of those in power.
No one expected Cyprus to happen, and no one expected the April sell-off to happen, at least for the reasons it did, which was massive [illegal] naked short-selling by JPM, sanctioned by the Comex and the Obama administration, who has yet to uncover any illegal doings by those who control Wall Street, [along with his administration.]
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Saturday, June 08, 2013
Which Way For Gold Price From Here? / Commodities / Gold and Silver 2013
By: Sy_Harding
Without looking very hard you can find just about any outlook for gold, and a reasonable explanation for that outlook, that you might need to fit in with your own expectation.
Even though gold is down 27% from its 2011 top, well past the 20% decline that defines a bear market, gold bugs insist on calling it a brief correction, and have been repeatedly calling the bottom at each short-term rally attempt all the way down.
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Saturday, June 08, 2013
The Ghost Empire - Climate Change, Global Warming, Drought and Desertification / Commodities / Climate Change
By: Richard_Mills
Drought is a normal recurring feature of the climate in most parts of the world. It doesn’t get the attention of a tornado, hurricane or flood. Instead, it’s a slower and less obvious, a much quieter disaster creeping up on us unawares.
Climate change is currently warming many regions, overall warmer temperatures increase the frequency and intensity of heat waves and droughts.
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Saturday, June 08, 2013
Silver Prices: Paper, Physical and the Coin Dealer / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
Confirmation of the coming end to the paper silver market will very likely pivot on the physical dealers’ bid price, so this key benchmark bears very close watching indeed.
When the buy back for physical silver price far exceeds the paper price, then you will know the silver market is just about ready to explode to the upside.
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Saturday, June 08, 2013
Silver’s Monetary Return / Commodities / Gold and Silver 2013
By: Dr_Jeff_Lewis
The quadrillion pound gorilla of silver’s return as a monetary currency is now lurking patiently in the room as the bond market seems to be recovering somewhat.
Nevertheless, perhaps central banks are simply testing the resilience of the bond market by tempting the bond vigilantes out of hiding? Still, one has to remember that there is no strong willed Volker around at the Fed with the guts to raise interest rates to fight inflationary pressures.
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Saturday, June 08, 2013
What Does Lack of Gold Price Reaction to U.S. Dollar Plunge Tell Us? / Commodities / Gold and Silver 2013
By: P_Radomski_CFA
The U.S. Mint has resumed selling its 2013 American Eagle One-Tenth Ounce Gold Proof Coin at a hefty $195 per coin as of last week. The Mint has set a 20,000-coin production limit for the coin. Sales of its smallest gold coin was suspended by the Mint in late April as year-to-date demand had increased by more than 118% until inventories could be replenished.
Here are some interesting statistics. So far at close to the half-way point of the year, the U.S. mint has sold more one-tenth ounce gold coins than it did in all of 2012. About 50,000 such coins have been sold thus far for this month, with a total of 350,000 sold so far this year. This compares to total sales of 315,000 such coins sold for the entire year of 2012. The U.S. Mint will continue to limit purchases of the American Eagle one-ounce silver coins. Sales were suspended earlier this year due to record-breaking demand.
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