Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Friday, April 26, 2013
Little Silver Markets and the Big Box Warehouses / Commodities / Gold and Silver 2013
What the precious metals market has seen over the last week in both silver and gold is a worldwide surge in physical demand as prices fell. This is what happens when the management of perception backfires.
It seems poetic justice that a drive by smash-down of precious metal prices would actually trigger the beginning of the last phase of this bull market. Nevertheless, these are exactly the kinds of consequences that occur when a market has been prevented from discovering its true value.
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Friday, April 26, 2013
Gold Bullion Shortage Seen in Asia / Commodities / Gold and Silver 2013
GOLD drifted lower towards $1460 an ounce Friday morning in London, having climbed to its highest level since last week's price drop at $1485 during Asian trading.
"The next resistance level is $1487," says a note from technical analysts at Scotia Mocatta published late Thursday.
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Friday, April 26, 2013
Gold to Rebound on the Back of Economic Recovery That Never Was / Commodities / Gold and Silver 2013
John Whitefoot writes: Once again, the proof is in the numbers. On one hand, the Dow Jones Industrial Average and the S&P 500 are doing amazing! But on the other hand, few seem to be benefiting. You don’t really hear about the latter on the evening news, even though the amount of supporting data is overwhelming.
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Friday, April 26, 2013
The Crude Oil Price Crash Of 2013 / Commodities / Crude Oil
GOLD, OIL AND THE "SURPRISINGLY STRONG" DOLLAR
To this heavyweight trio for deciding investor sentiment in the commodities space, we can add sovereign debt, interest rates and currency valuations, in a cocktail mix that reads badly for oil above $85 per barrel - for Brent.
Exactly like gold, market manipulation to generate a Fool's Bounce and drag in latecomer investors to shred and shear, is heavily evident in the oil market. Now traditional, the short term bounces in commodity prices driven by the Eurozone merry-go-round of ECB rate easing, and the linked but totally irrational strengthening of the euro, are able to be promoted as "realistic" or "fact based".
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Friday, April 26, 2013
Gold’s Flash Crash: BUBBLEOMIX Analysis / Commodities / Gold and Silver 2013
There was a letter in the local rag Tuesday about how a couple in Dubai had tried to buy gold bars (physical) at the spot price then about $1,400; the bullion dealer told them he was out of stock. They suspected he was lying…and they were complaining, “Can’t SOMEONE force the scoundrel to sell?”A friend asked me what I thought. I told him if I had some I wouldn’t sell, but I wouldn’t buy either. He said he had bought at $900 and as far as he was concerned gold is the only “safe haven” so he was not selling.
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Friday, April 26, 2013
Gold Bullions Investors Best Storage Safe Haven Switzerland or Canada? / Commodities / Gold and Silver 2013
Despite the well-engineered 'bear raid' conducted by some U.S. banks together with some hedge funds -which knocked the gold price back on its heels down to $1,344--the demand for gold from all over the world remains unabated. The fall in the gold price caused the physical buying of gold to surge everywhere and the gold price has begun to recover.
The dilemma facing most gold investors remains.
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Friday, April 26, 2013
Crude Oil Targets Rally to $93 / Commodities / Crude Oil
Crude Oil Is Looking Impulsive On the Intra-day Basis; Could See $93.00
Oil is forming an impulsive price action from an 87.87 swing low. The reason is recent strong reaction towards the 92.00 figure yesterday - very strong and sharp in a short period of time. That’s the personality of a third wave, so we think that the market is forming a five wave pattern. With that in mind, be aware of more upside, this time towards the 93.00 mark.
Thursday, April 25, 2013
Silver Price and COT Data / Commodities / Gold and Silver 2013
The Commitment of Traders data is published every Friday. It lists the reportable positions of the commercial and non-commercial traders for silver contracts on the COMEX.
STOP! Yes, I know
•The data is manipulated. The same people who brought us LIBOR, flash crashes, high frequency trading, and the most recent gold and silver crash are the people who report the data.
Thursday, April 25, 2013
Gold Forecasts Split Between $10,000 and $1000 as ETFs Sell and Central Banks Buy / Commodities / Gold and Silver 2013
WHOLESALE GOLD rose to an 8-session high just shy of $1450 per ounce in London trade Thursday morning, recovering 45% of this month's near-record slump.
Asian stock markets also ticked higher, but European shares were flat while commodities extended their rally.
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Thursday, April 25, 2013
Why Silver Price will Soar to $250 an Ounce / Commodities / Gold and Silver 2013
Peter Krauth writes: All bull markets go through periods of consolidations and corrections. And precious metals are no exception.
There has been plenty about gold's swan dive, but less talk about silver. And at this point there's more potential for silver than gold...significantly more.
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Thursday, April 25, 2013
Why I Still Believe in Gold / Commodities / Gold and Silver Stocks 2013
After the extreme volatility of gold in the last few weeks, OCM Gold Fund Manager Greg Orrell is more convinced than ever of the necessity of owning gold assets. In this interview with The Gold Report, Orrell lays out the rationale for buying these cheap gold stocks around the world, including California of all places.
The Gold Report: How has your bullish view on the gold sector evolved as a series of crises has jolted both the international stock market and the price of gold?
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Thursday, April 25, 2013
Fed Fails to Crush Gold Price, Bullion Demand Triggers Strong Bounce / Commodities / Gold and Silver 2013
There’s an awful lot of noise that passes as news out there, and most of it is related to just how good the stock market looks and just how bad gold looks. Bloomberg did another ten minutes on fifty reasons not to buy the yellow metal this morning. They are negative pieces on gold every single day, and sometimes two or three times a day. I’ve been around a long tome and I’ve never seen anything quite like it, except when the media was pushing stocks back in 1999 with “Dow 25,000,” and we all know how that turned out. Maybe it’s just me but when everybody tells me to go one way, I have to take a good look at what’s in the other direction.
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Thursday, April 25, 2013
Gold Parabolic Bull Market Rise, On the Verge of a New Monetary Order / Commodities / Gold and Silver 2013
The last three major bull markets of the Dow were followed by some type of economic crisis and a major bull market in gold. This is no coincidence, since these massive bull markets have been mostly driven by the huge expansion of the money supply. When this expansion of credit is exhausted, which always happens, the confidence in all things (like stocks) inflated by this expansion of credit fails, causing a massive economic crisis and a rush to gold. We are still in the midst of last one's crisis.
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Wednesday, April 24, 2013
US Mint Suspends Sales Of Small Gold Coins - Premiums Rising / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,424.50, EUR 1,095.52 and GBP 932.63 per ounce.
Yesterday’s AM fix was USD 1,417.25, EUR 1,091.70 and GBP 931.05 per ounce.
Wednesday, April 24, 2013
Worldwide Silver Shortage Pushes Premiums On Silver Eagle Coins to 40% / Commodities / Gold and Silver 2013
COMEX silver prices once again dipped below $23 today. My previous article entitled Ignore COMEX Pricing – Silver Eagles Sold Out at Dealers, $33 on Ebay detailed just how divorced from reality the COMEX price has become. So with another dip today, I decided to try to get my hands on some more silver coins. I realized before I picked up the phone that it would be difficult, but I have a few dealers in Colorado and California that have consistently been able to find supply at reasonable premiums.
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Wednesday, April 24, 2013
U.S. Mint Runs Out American Eagle Gold Coin; Smells of Shortage of Physical Gold / Commodities / Gold and Silver 2013
Demand for gold coins has surged following the record price plunge in gold last week. Demand is so high that the U.S. Mint Runs Out of Smallest American Eagle Gold Coin.
Read full article... Read full article...The U.S. Mint ran out its smallest American Eagle gold coin after demand surged following the biggest drop in futures prices in 33 years.
Wednesday, April 24, 2013
Gold and Silver Bullion and Mining Stocks Short Covering Squeeze? / Commodities / Gold and Silver 2013
A week ago I wrote about a potential rebound after capitulation and panic selling in precious metals and the miners. It now appears Goldman Sachs (GS) is covering its short on gold as it rebounds above $1400.
Meanwhile, many banks have helped confuse and misdirect the investment community out of gold (GLD) and silver (SLV). This was a classic shakeout and bear trap which may start a major short covering rally.
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Wednesday, April 24, 2013
Ron Paul Bitcoin Warning, Concerned About Gold Price Fall / Commodities / Gold and Silver 2013
Former Congressman Ron Paul (R-TX) told Bloomberg TV's Erik Schatzker and Sara Eisen today that he is "concerned about the erraticness of the dollar. The dollar is up, the dollar is down. We print a lot of dollars. The dollar gets devalued. That is really the concern. If people think the gold price up and down is a reflection of something wrong with gold, no, I say it is something wrong with the dollar."
On Bitcoin, Paul said, "To tell you the truth, it's little bit too complicated. If I can't put it in my pocket, I have some reservations about that.
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Wednesday, April 24, 2013
The Most Profitable Gold Play of 2013 / Commodities / Gold and Silver 2013
Matthew Carr writes: You can’t escape it.
The headlines say it all as commodities sell off and even the most stalwart precious metals enter bear-market territory.
The “Golden Decade” appears to be at an end.
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Wednesday, April 24, 2013
Gold Ultimate Disconnect Between Paper and Bullion / Commodities / Gold and Silver 2013
Bud Conrad, Chief Economist
How can we explain gold dropping into the $1,300 level in less than a week?
Here are some of the factors:
- George Soros cut his fund holdings in the biggest gold ETF by 55% in the fourth quarter of 2012.
- He was not alone: the gold holdings of GLD have contracted all year, down about 12.2% at present.
- On April 9, the FOMC minutes were leaked a day early and revealed that some members were discussing slowing the Fed $85 billion per month buying of Treasuries and MBS. If the money stimulus might not last as long as thought before, the "printing" may not cause as much dollar debasement.