Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, February 19, 2013
Are Gold and Silver Prices Being Suppressed? / Commodities / Gold and Silver 2013
Money manager Eric Sprott contends, "Physical demand for gold is out of line with supply. How can all these new people come into this market when there has been no increase in supply . . . for the last 12 years?" Sprott's analysis shows central banks are selling to make up for the shortfall and opines, "I would hate to think what happens when we all find out there is no gold in the Treasury." Join Greg Hunter as he goes One-on-One with Eric Sprott of Sprott Asset Management
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Tuesday, February 19, 2013
Gold Pattern of Predictability / Commodities / Gold and Silver 2013
Investors have experienced a state of prolonged frustration--where prices are TRAPPED between the upper and lower width of a symmetrical trading band. This is a reversal sequence that is gradual in nature, but unfolds in a horrendous ‘up and down’ affair until a sufficient amount of both time and distance is reached. Prices here regroup, gather strength, and undergo heavy accumulation as both, buyers and sellers, eagerly anticipate a forthcoming directional move.
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Monday, February 18, 2013
Crude Oil Price BUBBLEOMIX Forecast 2013 / Commodities / Crude Oil
When the Penny Drops that U.S.A. will be Energy Independent by 2030…
There is an excellent presentation by BP’s Chief Economist which you can find on their website http://www.bp.com...
He hits all the right nails bang on the head; (1) over the past decade 50% of America’s trade deficit was the cost of buying energy abroad, mainly oil; (2) the amount of GDP you can get from burning one barrel of oil is going up, (3) within ten-years and perhaps sooner, U.S.A. will become energy independent for the first time in fifty years (5) Peak Oil isn’t even worth talking about (6) the reason U.S.A. got into shale-gas and then tight-oil before everyone else is that in spite of all the hand-wringing and leaving aside George-W as an isolated exception-to-the-rule, economically it is still the most free place with the lowest level of government-sponsored stupidity and/or cronyism, in the world; apart from isolated pockets such as Hong-Kong, Singapore and Dubai. Well he didn’t actually say that, but in so many words, and (7) implicitly, one of these days that technology is going to be exported.
Monday, February 18, 2013
HUI Gold Stocks Index Head and Shoulders Patterns / Commodities / Gold and Silver Stocks 2013
Tonight I want to show you a long term monthly chart for the HUI. It seems there is alot of disbelief that if a H&S pattern is too big that it some how makes it invalid or not to be trusted. I’m curious how that rumor ever got started? Nothing could be further from the truth IMHO.
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Monday, February 18, 2013
Gold Fails to Hold Asian Gains, Next Large-Scale Devaluation "Could Be the Pound" / Commodities / Gold and Silver 2013
U.S. DOLLAR gold bullion prices failed to hold onto gains made in Monday's Asian session, falling to $1611 an ounce by lunchtime in London, just a few Dollars above Friday's six-month low, as the US Dollar extended recent gains.
Gold dropped 3.4% over the course of last week, including a sharp drop during Friday's US trading.
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Monday, February 18, 2013
China And India Gold Demand Returns / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,611.25, EUR 1,206.39 and GBP 1,041.53per ounce. Friday’s AM fix was USD 1,629.25, EUR 1,221.42 and GBP 1,052.01 per ounce.
Silver is trading at $30.04/oz, €22.59/oz and £19.49/oz. Platinum is trading at $1,690.20/oz, palladium at $756.00/oz and rhodium at $1,225/oz.
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Monday, February 18, 2013
U.S. Dollar Rally Reason for Falling Gold Price / Commodities / Gold and Silver 2013
Gold's recent decline has brought into question, with many investors, why the price of the metal is falling and where it will find support.
Over the last few days, gold has dropped through a key support level at $1650 and descended quickly down to the next lower level at $1600-$1595 (Chart 1).
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Monday, February 18, 2013
Silver Prices Remain in a Consolidation Mood / Commodities / Gold and Silver 2013
So far this year silver prices appear to be range trading at around the $30.00/oz level. Gold prices have been under considerable selling pressure which in turn has tended to cap any rally that silver could muster. The anecdotal evidence suggests that the demand for physical silver remains strong, however over on the COMEX the paper shorts appear to have the whip hand.
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Sunday, February 17, 2013
What Will Happen to Gold and Silver Stocks if the Stock Market Tanks? / Commodities / Gold and Silver Stocks 2013
If this is the best that the Precious Metals sector can do when the broad market is rising, as it has been, then what is likely to happen when the broad market drops? This is the question that is, or should be, exercising the minds of investors or would be investors in the sector right now. Today we are going to address this issue head on.
Before we look at the prospects for the Precious Metals sector itself, we are going to examine the charts for the broad market S&P500 index in an effort to determine its course in the months ahead.
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Sunday, February 17, 2013
Gold: What Goes Up, Goes Down / Commodities / Gold and Silver 2013
DR. GREENSPAN'S LEGACY
Alan Greenspan is very far from being ashamed, lying low and offering No Comment - he is a great man, he thinks, and some leading mainstream media editorialists also think. Commenting his track record from the standpoint of money in circulation, the gold price, and gold mining company stock, with a look at previous outbreaks of the situation we have today, Mark J. Lundeen said:
Sunday, February 17, 2013
Gold 1550 to 1570 For a Range Trade, If It Gets There / Commodities / Gold and Silver 2013
This looks like a long consolidation, with a range trade of 1550 to 1800.
If we do get down as low as 1570 one might be inclined to step in and buy, adding to longer term holdings and for a trade, with an eye to that 1550 as a low and an upside target north of 1700.
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Sunday, February 17, 2013
Copper Poised For Breakout While Gold And Silver Falter / Commodities / Copper
One concept to keep in mind when making a trade selection is that of relative
strength. Given the choice of two or more trade candidates to buy, always go
with the strongest performer. When selling, always sell the weakest one. This
is a simple factor that often gets overlooked. Go with proven strength. Go with
anything that is proven or confirmed. The odds are then in your favor.
Saturday, February 16, 2013
Gold And Silver Current Decline Not Over / Commodities / Gold and Silver 2013
We often make a distinction between buyers of physical precious metals, [PMs] and buyers of futures, exhorting the former to buy with impunity, and some may see that as cavalier, given how the price for both gold and silver have been in recent decline.
The point for buyers of PMs is for both protection and creation of wealth. Protection against insidious central bankers destroying currency-purchasing power, over time, and wealth creation as evidenced by those buying PMs over the past decade and seeing the intrinsic value grow dramatically.
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Saturday, February 16, 2013
Gold Cycles, Where is he Bottom? / Commodities / Gold and Silver 2013
Gold has been moving essentially sideways for more than a year since printing a high in August/September 2011. With last week's drop to below the lows of last December/ January many investors must be asking 'where is the bottom in gold?'
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Saturday, February 16, 2013
Gold Long-term Trading Cycles Implications for Future Price Moves / Commodities / Gold and Silver 2013
This week price moves in the gold market could certainly give investors the creeps. The yellow metal opened at around $1,668 on Monday, closed $1,634 on Thursday and is currently (at the moment of writing these words) at $1,606.
We have stressed it many times that in order to make long-term investment decision one should put more weight on long-term charts rather than focusing on short-term noise. Today we will focus on the long-term gold chart - it gives the most insight into what may happen in the long run. Let us jump straight into it (charts courtesy by http://stockcharts.com)
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Friday, February 15, 2013
Gold’s Young Upleg / Commodities / Gold and Silver 2013
Gold has suffered a tough slog lately, unable to advance despite central banks aggressively inflating their money supplies all over the world. Seeing gold stuck in the mire despite very bullish fundamentals has certainly exacted a psychological toll on traders. They are irritated and discouraged after watching the yellow metal inexplicably languish for months. But technically gold still remains in a young upleg.
The mortal enemy of successful speculation and investment is emotion. Greed seduces traders into buying high, while fear frightens them into selling low. This of course is the exact opposite of the buying low and selling high necessary to multiply your wealth in the markets. After decades of trading, I believe the greatest antidote to succumbing to popular greed and fear is perspective. Context is everything.
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Friday, February 15, 2013
Gold and the Universal Truth / Commodities / Gold and Silver 2013
Fascism is a totalitarian system of government that bases its economy on a later, more mature stage of capitalism, it's a marriage of government authority and military/police power managed by corporate influence.
"The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it comes stronger than their democratic state itself. That, in its essence, is fascism - ownership of government by an individual, by a group." Franklin D. Roosevelt
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Friday, February 15, 2013
Why the U.S. Mint Keeps Running Out of Silver Coins / Commodities / Gold and Silver 2013
Tony Daltorio writes: So far in 2013, buying silver coins has been one of investors' favorite ways to profit from a climb in the white metal's price.
The demand for physical silver from small investors in the form of coins is really remarkable. A record 7.5 million ounces of silver coins were sold in January.
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Friday, February 15, 2013
Hedge Funds Move From Gold GLD To Other ETFs / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,629.25, EUR 1,221.42 and GBP 1,052.01 per ounce.
Yesterday’s AM fix was USD 1,644.00, EUR 1,233.22 and GBP 1,060.37 per ounce.
Silver is trading at $30.26/oz, €22.80/oz and £19.61/oz. Platinum is trading at $1,692.50/oz, palladium at $759.00/oz and rhodium at $1,225/oz.
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Friday, February 15, 2013
Is Gold Becoming a Risk-off Asset? / Commodities / Gold and Silver 2013
Lately we’ve been writing about the negative correlation between the equity market and the precious metals market. This phenomenon has been in place since summer 2011 and has re emerged in the past few months. Since November 23, the S&P 500 is up 8% while the gold shares are down 14%, Silver has lost 11% and Gold 7%. For those who have studied history this should not come as a total surprise.
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