Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Tuesday, April 30, 2013

Gold's Recovery Rally Appears to be Faltering / Commodities / Gold and Silver 2013

By: Ben_Traynor

FOLLOWING a dip during Asian trading, the gold price climbed back above $1470 per ounce Tuesday morning in London, broadly in line with where it was a day earlier, with China's markets shut for this week's Labor Day holiday.

Silver ended the morning in London around $24.40 an ounce, also little-changed from a day earlier, while other commodities and stock markets failed to hold onto gains from earlier in the day, while US Treasuries gained.

Tuesday, April 30, 2013

Has Gold Bullion Price Hit Rock Bottom? / Commodities / Gold and Silver 2013

By: InvestmentContrarian

Sasha Cekerevac writes: As is quite evident from the past couple months, investing in gold can be rather volatile. Clearly, the huge sell-off in the price of gold bullion over the past couple of weeks has shocked some people; an interesting result has been the reaction from the retail public, as many are now buying gold bullion in record amounts.

Last week, the United States Mint actually ran out of the smallest American Eagle gold coin, and sales to India were 20% higher than the previous record, according to Standard Chartered PLC. Clearly, physical demand remains strong for gold bullion. (Source: Roy, D., et al., “Gold Rout for Central Banks Buying Most Since 1964: Commodities,” Bloomberg, April 25, 2013.)

Tuesday, April 30, 2013

Gold and Silver, When Will the Bottom Be? / Commodities / Gold and Silver 2013

By: Rambus_Chartology

In this weekend report I would like to answer some questions presented at the forum this weekend. First lets look at silver and see what the charts are telling us especially after last weeks price action. Lets start with a daily look that shows the downtrend channel that began back in October of last year. You can see all the different chart patterns we’ve been following during this delcine. You can see what happens when a strong support rail gives way. The bulls were exhausted and the bears took charged and moved the price down to the 22 area where we are getting our first counter trend rally after the breakout.

Tuesday, April 30, 2013

Gold Traders and Investors Get Ready To Rumble! / Commodities / Gold and Silver 2013

By: Chris_Vermeulen

On April 12^th I wrote a blog post titled Precious Metals Melt-Down, and How To Manage It.I talked about how gold, silver and gold mining stocks have been flying under the media radar for over a year and that they were not catching the attention of traders, investors and the public anymore. I also said it would take some sharp price action (breakdown or rally) for it to be front and center again on TV, Radio and Newspapers.

Tuesday, April 30, 2013

Gold's Plunge Ultimately Healthy for Precious Metals Sector / Commodities / Gold and Silver Stocks 2013

By: The_Gold_Report

Market volatility sets the stage for price upswings as well as down, according to Michael Gray, equities analyst of Macquarie Capital Markets, and the recent gold price drop should be seen as a "pause" in the bull market. Management teams are pausing as well, to focus on earnings and shareholder return, rather than growth. In this interview with The Gold Report, Gray says this is the time to buy the best companies you can while they are discounted to fire sale prices, and he offers several names in jurisdictions from South and North America in the junior explorer space.

The Gold Report: On April 15, gold dropped to a two-year low as panic selling set in across many mine commodities. Was this the larger players showing the retail market who is in control or was it inevitable?

Monday, April 29, 2013

Gold is Down… This is What Comes Next... / Commodities / Gold and Silver 2013

By: Investment_U

Alexander Green writes: Gold recently hit a 19-month low, surprising gold bugs and inflation hawks. A particular government bond may be next.

Bonds and gold often move in opposite directions. It’s not hard to see why. Gold is viewed as an inflation hedge, and bonds sell off at even a whiff of higher consumer prices.

Monday, April 29, 2013

Why Gold Price is Up, The Smart Money Is Still In / Commodities / Gold and Silver 2013

By: Money_Morning

Tony Daltorio writes: It's been a good few days for investors holding on to gold, and we've been getting lots of questions as to why gold prices are up this week.

Gold futures had their biggest one-day gain of the year Thursday, up nearly $40 an ounce, and ended the week up 4.2% at $1,453.60.

Monday, April 29, 2013

Gold Getting Support from Retail Demand / Commodities / Gold and Silver 2013

By: Ben_Traynor

GOLD started the week by edging higher Monday, trading around $1475 per ounce by lunchtime in London, as stocks also gained, US Treasuries were broadly flat and the Euro edged higher against the Dollar following news that Italy's borrowing costs have fallen.

Strong demand for physical gold from private households meantime continues to cause bottlenecks and price premiums.

Monday, April 29, 2013

Gold And Silver Coin And Bar Global Shortage / Commodities / Gold and Silver 2013

By: GoldCore

Today’s AM fix was USD 1,472.50, EUR 1,125.51 and GBP 947.80 per ounce.
Friday’s AM fix was USD 1,462.25, EUR 1,123.43 and GBP 947.79 per ounce.

Monday, April 29, 2013

CRUDE OIL Turns Bullish, Could See $95.00 / Commodities / Crude Oil

By: ForexPros

OIL accelerated higher on Thursday, and more importantly closed well above the upper parallel trend-line of a base channel. That's a very strong indication of an impulsive recovery, as this break (circled) usually occurs in the middle of a wave three of a five wave rally.

Sunday, April 28, 2013

Bad News for Copper Bulls, Trouble in China / Commodities / Copper

By: Investment_U

Jason Jenkins writes: There’s been a lot written about gold over the past two weeks and with good reason. But let’s be clear about something…

In our current environment, governments printing absorbent amounts of money will not translate into high inflation. And if you play gold strictly as an inflation hedge, you will get burned.

Sunday, April 28, 2013

Gold Bugs Fantasizing About Disconnect Between Paper and Physical Gold / Commodities / Gold and Silver 2013

By: Clive_Maund

Gold's post-plunge rally of the past 9 trading days has been quite impressive, given what preceded it, but it has not vitiated the implications of the support failure and plunge, and it won't until either a substantial base pattern forms, or the price breaks back above the strong support that has now become strong resistance. The chance of the latter happening over the short-term is low, and with the price now up within sniffing distance of the resistance, gold is viewed as being at a good point for traders to short it for a retreat back towards the recent lows, at the least.

Sunday, April 28, 2013

Silver Price Breakdown on Heavy Volume Does Not Look Good / Commodities / Gold and Silver 2013

By: Clive_Maund

After being stuck in a tight range following its plunge about 9 trading days ago, silver finally responded to gold's creeping advance and 'popped' on Thursday, but it was not that impressive and was followed by a rather negative 'spinning top' candlestick on Friday, meaning that it could have been a 1-day wonder especially given that gold's relief rally looks to be about done.

Sunday, April 28, 2013

War on Gold and Silver / Commodities / Gold and Silver 2013

By: Michael_Noonan

War [unofficially] declared on gold and silver!

The gloves are off, and central bankers are on a full frontal assault against all [paper] holders of gold and silver. Ironically, that very overt assault is the biggest clue of how fearful those in power really are. Fear, a sign of weakness, and the New World Order does not want anyone snooping behind their curtain of Oz.

Saturday, April 27, 2013

Gold Stocks Warning - Sell in May and Miss a Chance to Buy Cheap / Commodities / Gold and Silver Stocks 2013

By: The_Gold_Report

What is up—the Dow Jones Industrial Average and Standard & Poor's 500—will come down and what is down—gold equities—will go up fast, predicts the ultimate contrarian investor, Bob Moriarty. In this interview with The Gold Report, the president of 321 Gold proclaims that while all gold stocks are cheap right now, he talks about some favorites that he expects to jump when the junior market turns. Those who turn their back on the market over the summer just might lose their best chance to get in at historic lows.

Saturday, April 27, 2013

The Truth about Gold / Commodities / Gold and Silver 2013

By: Investment_U

Alexander Green writes: Investors worldwide have watched gold take a precipitous plunge in recent weeks. And, for reasons I’ll explain, the selling may not be over.

But the longtime gold bulls never change their tune. Here’s why…

Ten years ago, I made a strong case for buying gold. I pointed out that the dollar was weakening, inflation was rising, jewelry demand was surging in India and China, there were supply constraints in the industry, and the trend was definitely our friend.

Friday, April 26, 2013

Gold Stocks Driven Down to Panic Levels / Commodities / Gold and Silver Stocks 2013

By: Zeal_LLC

Gold stocks have to be the most despised sector in all the markets.  Mainstreamers barely even know they exist, while even the vast majority of so-called contrarians scorn them.  The sheer contempt for this sector is amazing considering gold stocks were almost certainly the best-performing sector of the past decade.  This universal antipathy has driven them to panic levels, by far the markets’ best fundamental bargains.

Gold stocks weren’t always held in derision.  From November 2000 to September 2011, the flagship gold-stock index known by its symbol HUI catapulted an astounding 1664.4% higher!  This was over a very long 10.8-year secular-bear span where the broad stock markets as measured by the mighty S&P 500 fell 14.2%.  After multiplying their investors’ wealth by 18x, they should have been the most-popular sector.

Friday, April 26, 2013

Arizona's Hard Currency: How Much Gold Does it Need? / Commodities / Gold and Silver 2013

By: Adrian_Ash

Miguel Perez-Santalla writes: How much gold & silver might Arizona, Utah and the other states now involved in hard-currency laws come to need...?

Arizona is moving to allow gold and silver coin to be used to pay debts, and - effectively - go shopping.

This has already been approved in the state of Utah, and there is an assortment of other states that are moving in this direction as well. However, Utah's gold currency law has been on the books for more than a year. But it has not yet made any headway into how to manage gold and silver being used as currency. Nor will payees be obliged to accept bullion as payment. As a result, many pundits are pooh-poohing Arizona's gold idea, acting as obstacles to its possible success.

Friday, April 26, 2013

Silver Prices Underperformance Against Gold / Commodities / Gold and Silver 2013

By: P_Radomski_CFA

What happened on Friday, April 12 and Monday, April 15 on gold and silver markets looked like a gigantic earthquake – a drop of about $200 (13%) for the yellow and almost $5 (18%) for the silver metal. There has been a lot of hyperbole going on. We even heard it said that a move of that scale would statistically only be expected “once every 4,776 years.” Going even further, John Kemp of Reuters calculates that, based on a normal distribution (by the way, market returns are not normally distributed), movements like this can be expected once in every 500 million trading days, or two million years. Sounds far-fetched?

Friday, April 26, 2013

Silver Market Manipulation - Then and Now / Commodities / Gold and Silver 2013

By: Dr_Jeff_Lewis

The recent price drop in silver was severe, but not exactly like silver’s Black Thursday in 1980. It was different this time, but some aspects of the decline seemed the same.

This time, a different demand character prevailed. Also, the overall level of market awareness and underlying sentiment was stronger.