Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Friday, May 20, 2016
Gold Stocks Following Bull Analogs / Commodities / Gold and Silver 2016
By: Jordan_Roy_Byrne
The gold stocks started to correct this week as large caps were off 13% at Thursday’s low. Both juniors and large caps have made tremendous gains since the January 19 bottom and are ripe for some profit taking. The Fed minutes provided the catalyst for such and we should also note the tendency for gold stocks, while in a bull market to peak in May. History argues that the miners could correct at least 20% now before moving higher.
Friday, May 20, 2016
The Gold Chart That Has Central Banks Extremely Worried / Commodities / Gold and Silver 2016
By: Steve_St_Angelo
This gold chart should have Central Banks extremely worried. Why? Because the change in physical gold and Central Bank demand since the first crash of the U.S. and global markets in 2008 is literally off the charts.
I advise precious metals investors not to focus on the short-term gold price movement, rather they should concentrate on the long-term trend changes. This is where the ultimate payoff will be by investing in gold. Now, I say “INVESTING”, in gold because that is what we are doing.
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Friday, May 20, 2016
George Soros Was Once a Dollar Vigilante, Now a Ring Wraith Buying Gold / Commodities / Gold and Silver 2016
By: Jeff_Berwick
One of the inspirations for our name, The Dollar Vigilante, was what used to be called the Bond Vigilantes.
Last seen in full force in the inflationary early 1980s, bond vigilantes were anti-establishment figures who were said to have rebelled. They had decided to keep central banks and governments honest by raising long term interest rates in the open market. They would do so whenever the authorities kept their own interest rates too low, or let budget deficits grow out of control.
Friday, May 20, 2016
Silver Miners’ Q1’ 2016 Fundamentals / Commodities / Gold and Silver Stocks 2016
By: Zeal_LLC
The world’s elite silver miners just finished reporting their operating results from 2016’s first quarter, and they were impressive. This industry continued to drive its costs lower even as silver finally started mean reverting out of mid-December’s deep secular low. The silver miners are beautifully positioned to enjoy soaring operating profits as silver’s young new bull market continues gradually marching higher on balance.
Silver mining is a tough business geologically and economically. Primary silver deposits, those with enough silver to generate over half their revenues when mined, are quite rare. Most of the world’s silver ore formed alongside base metals or gold, and their value usually well outweighs silver’s. According to the just-released World Silver Survey 2016 by the venerable Silver Institute, silver largely remains a byproduct.
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Friday, May 20, 2016
GOFO and Gold Prices / Commodities / Gold and Silver 2016
By: Arkadiusz_Sieron
The Gold Forward Offered Rate (GOFO) is the swap rate for a gold-to-U.S. dollar exchange. In other words, it is a rate at which someone is ready to lend gold on a swap basis against greenbacks (the benchmark used to be quoted by a few banks involved in the rate-setting process which were prepared to lend gold to each other). For example, if someone owns gold and wants to borrow U.S. dollars, he can use gold as collateral to secure the loan. The GOFO is the interest rate on that loan. Since gold is an excellent collateral (it’s portable and liquid), the GOFO rates used to be relatively small. Actually, certain rates were sometimes negative in what signaled high physical demand.
Thursday, May 19, 2016
Gold - Pro-Inflation? Anti-USD? / Commodities / Gold and Silver 2016
By: Gary_Tanashian
This is the opening segment from the May 15 edition of Notes From the Rabbit Hole, NFTRH 395. I am releasing it for public viewing because it seems, the title’s question has come roaring to the forefront this week. So the information (including the charts) is slightly dated, but becoming intensely relevant as of now.
We anticipated an ‘inflation trade’ or Anti-USD asset market bounce and this has been going on since mid-February. That was when silver wrestled leadership from the first mover, gold (which bottomed in December and turned up in January), and a whole host of other global asset markets began to rise persistently.
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Wednesday, May 18, 2016
Massive Silver Price Rally During The Coming US Dollar Collapse / Commodities / Gold and Silver 2016
By: Hubert_Moolman
I have written extensively about how the current silver bull market is similar to the 70s. Despite these similarities, silver will (ultimately) perform much better than during the 70s.
The fractal analysis of the US Dollar Index (below) shows some more similarities and differences between the 70s era and now. I believe that these further supports the expectation that silver will perform much better than it did during the 70s.
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Wednesday, May 18, 2016
Dumb Debt's Of America , Gold And Silver / Commodities / Gold and Silver 2016
By: Vimal_Patel
A Solution to this big problem .Assuming everything is manipulated - Stock markets , Gold and Silver paper contracts , treasuries
Assuming anyhow this debt cannot be ever repaid by conventional means
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Wednesday, May 18, 2016
George Soros Buying Gold ETF And Gold Shares In Q1 / Commodities / Gold and Silver 2016
By: GoldCore
George Soros, who once called gold “the ultimate bubble,” has resumed buying the gold ETF and shares after a three-year hiatus.
Tuesday, May 17, 2016
Gold Price Possible $200 Rally / Commodities / Gold and Silver 2016
By: Bob_Loukas
Gold Rally
In my opinion, gold’s Cycle is setup well for a surprise, $200 Gold rally. Gold has reached an interesting crossroads and based on the Cycle position, some significant volatility lies ahead. The Gold sector is doing well, and has held up after impressive gains. It has seen a couple of weeks of price consolidation, but no serious selling. This points to a strong underlying bid, and is reflective of a bull market.
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Tuesday, May 17, 2016
Gold, Silver, Mining Shares: Big Drop Dead Ahead! / Commodities / Gold and Silver Stocks 2016
By: Brad_Gudgeon
Last time I wrote, I pointed to May 19th as being a likely, important bottom in the precious metals complex. It is May 16th in the evening as I write this. If I’m correct, the next three days should prove to be huge down, especially for the miners. Most analysts admit that we are overdue for a correction, but they have no idea how fast and furious it may turn out be.
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Tuesday, May 17, 2016
Divergence Between Oil and Oil Stocks Signals Decline in Oil-Related ETFs / Commodities / Oil Companies
By: The_Energy_Report
Technical analyst Jack Chan reports the energy sector cycle is down and a multiweek correction is in progress, and discusses what that means.
Tuesday, May 17, 2016
Gold Speculation at All-Time High, but Gold Price Remains Below 2015 High / Commodities / Gold and Silver 2016
By: The_Gold_Report
Technical analyst Jack Chan reports that although gold speculation is at an all-time high, the gold price has not followed suit.
Monday, May 16, 2016
Here's Why the Gold and Silver Futures Market Is Like a Rigged Casino... / Commodities / Gold and Silver 2016
By: MoneyMetals
Clint Siegner writes: A respectable number of Americans hold investments in gold and silver in one form or another. Some hold physical bullion, while others opt for indirect ownership via ETFs or other instruments. A very small minority speculate via the futures markets. But we frequently report on the futures markets – why exactly is that?
Saturday, May 14, 2016
Gold Mining Stocks - Getting A Heartbeat / Commodities / Gold and Silver 2016
By: Richard_Mills
PricewaterhouseCoopers LLP (PwC) has recently released their 48th annual British Columbia Mining Report.
We all know commodity prices have been on a downward trend for the past five years. We also know several mines in the province have been put on care and maintenance and many early stage projects have seen their funding dry up.
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Saturday, May 14, 2016
Goldcorp Is Back and Spending: Could West Red Lake Gold Mines Be Next? / Commodities / Gold and Silver Stocks 2016
By: The_Gold_Report
Goldcorp is fresh off an announced transaction of $520M for Kaminak Gold, which is a big win for the industry. The company has been quietly putting dollars in juniors, like $16M in Gold Standard Ventures, and there could be more to come. In this article, Resource Maven Gwen Preston discusses possible target West Red Lake Gold Mines and how this company is shaping up to take advantage of the initial turnaround in the market.
Saturday, May 14, 2016
Gold & Silver Demand Skyrockets as “Chinese Floor” Ensures Upward Price Moves / Commodities / Gold and Silver 2016
By: MoneyMetals
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
There’s been some big news out of China lately, and today we’ll dive deeper into the discussion when I welcome in Gordon Chang. Mr. Chang is one of the foremost experts on the Chinese economy and has written a book titled The Coming Collapse of China. He’ll tell us why he believes an epic collapse is imminent and what it all means for the Western financial world and why he believes there is what he calls a Chinese floor on the gold price. Don’t miss an incredibly enlightening interview with Gordon Chang, coming up after this week’s market update.
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Friday, May 13, 2016
Gold Miners’ Q1’16 Fundamentals / Commodities / Gold and Silver Stocks 2016
By: Zeal_LLC
The gold miners’ stocks have skyrocketed this year as investors started returning to this long-abandoned sector. Many have doubled since January, with plenty tripling or even quadrupling. Naturally such fast gains raise concerns about whether they are actually fundamentally justified or merely the product of fleeting sentiment that could reverse. Gold miners’ latest quarterly results offer great fundamental insights.
Companies trading on the US stock markets are required by the Securities and Exchange Commission to file quarterly earnings reports four times a year. For normal quarters that don’t end fiscal years, these 10-Q reports are due 45 calendar days after quarter-ends. They are a great boon to financial-market transparency and investors seeking to understand companies, yielding a treasure trove of information.
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Friday, May 13, 2016
Gold, Silver and the Stock Market / Commodities / Gold and Silver 2016
By: Gary_Tanashian
I could write a long, detailed post trying to encompass global stock markets (generally bearish), commodities (bounce very mature) and bonds (mixed views, depending upon the flavor) but that is what I get paid to do each weekend in NFTRH reports and in private posts at the site. The beauty of public posts is that I can write as much or as little as I feel like writing. Today I feel like writing a little about gold (and silver) and the stock market. I also feel like using daily charts because I think time frames are pinching in for upcoming pivotal moves.
Friday, May 13, 2016
Gold Lease Rates and Gold Prices / Commodities / Gold and Silver 2016
By: Arkadiusz_Sieron
Are gold lease rates (GLR) really one of the major drivers of the price of gold, as is often cited? A lease rate is the market price for borrowing or lending the particular asset. Obviously, the gold lease rate is the cost of borrowing gold. In much the same way that individuals borrow dollars, pay interest, and then return dollars to the lender, gold bullion participants borrow gold, pay a borrowing cost, and return the gold to the lender. So much for the Buffet's claim that gold has no yield. Surely, gold stored in a vault does not yield, but when it is lent, it accrues interest. No matter how counterintuitive it may sound, some gold owners (the lending and borrowing of gold is generally reserved for the entities operating in the wholesale market, such as bullion bankers, mining companies, jewelry producers, etc.) do earn interest on gold. This proves that gold is more like currency rather than other commodities, because just like any currency, it can be lent and earn interest. Such lending transactions in the gold market are often referred to as lease transactions and interest rate applied to such lending is called gold lease rate (GLR).