Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, August 05, 2015
These Charts Prove Gold Is Poised for a Rebound / Commodities / Gold and Silver 2015
Sean Brodrick writes: I’m about to show you five commodity charts, four of which should blow your mind.
First of all...
You probably know that gold is cheap. The yellow metal is way, way off the highs it hit in 2011. This is due, at least in part, to the rocketlike rise of the U.S. dollar.
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Wednesday, August 05, 2015
Locks On to Unusual Stock Bargains at Today's Oil Prices / Commodities / Oil Companies
To profit in the current oil and gas space, investors have to move down the food chain to find "unusual bargains," says Randall Abramson, CEO and portfolio manager with Toronto-based Trapeze Asset Management. Abramson expects global demand to return oil to $75–85/barrel inside 12 months, which means you won't have to wait long to see those bargains rise with the tide. In this interview with The Energy Report, Abramson discusses several bargains in the junior oil and gas space, as well as a handful of serviceable service names.
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Wednesday, August 05, 2015
The Four Real Reasons Crude Oil Prices Are Slipping / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: As I write, I am flying from Kansas to Baltimore. I’ll be visiting Money Map Press headquarters to discuss some exciting developments we’ll tell you about shortly.
But today’s Oil & Energy Investor is all about where I have just been…
Years ago, a legendary wildcatter told me you have to smell the crude and get it under your fingernails before anybody should call you a genuine oilman.
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Tuesday, August 04, 2015
Gold Investing: Use the Cockroach Strategy / Commodities / Gold and Silver 2015
Gold: the monetary metal that central bankers, politicians, and Too-Big-To-Fail bankers publicly hate.
The Cockroach Strategy: A cynical but depressingly accurate view of politics that can assist your investment decisions. It assumes the following:
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Tuesday, August 04, 2015
Is Gold Doomed? / Commodities / Gold and Silver 2015
After gold declined to a 5-year low, the message is that gold is doomed. Is it really true?In the past few weeks, the price of gold has suffered a significant decline, indicated by multiple technical signals and triggered by China's disappointing disclosure of its official gold reserves on July 17 and the following heavy selling in the Asian market. Gold bullion dropped by 6 percent in July, significantly deteriorating the market sentiment toward the yellow metal. Indeed, the sentiment indexes fell to record lows.
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Tuesday, August 04, 2015
Gold Sentiment Is Just Ugly / Commodities / Gold and Silver 2015
The headlines are dramatic, ugly and depressing to anyone who holds gold right now. Broad market sentiment has shifted from disdain and dismissive to highly negative. Hedge funds are shorting gold aggressively, hedge funds that own gold are being “outed”. The market pundits are are sticking the proverbial knife in and twisting it with glee. The Financial Times published an interesting article over the weekend.
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Tuesday, August 04, 2015
Top 6 Myths Driving Oil Prices Down / Commodities / Crude Oil
"Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech." ~ Benjamin Franklin, Silence Dogood, The Busy-Body, and Early Writings
I start with that quote because once the media, as well as politicians for that matter, have no accountability for actions or words then liberty will dissolve. Over the last few weeks I have witnessed another litany of lies that the media insists on putting forth. They come in the form of statements presented as facts to sway opinion while others are opinions quoted by others. Either way, the bias in talking down oil prices, reinforcing the "glut" that is fueled in part by misleading EIA and IEA data, is readily apparent.
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Tuesday, August 04, 2015
Gold is Still a Falling Knife: Why I Remain Bearish in the Short Term / Commodities / Gold and Silver 2015
Precious metals showed bullish technical signs in early 2015, including gold making a higher low at $1,141 versus the November 2014 low of $1,130. However, in late May gold failed to make a higher high, which was a pivot point and signal that lower prices could be ahead. This bearish signal was confirmed on July 20th, when gold dropped below both the 2014 and 2015 low and we published an article stating our bearish short-term outlook. Prices have continued to slide since then, with gold down another 4% and mining stocks falling by nearly 14%.
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Tuesday, August 04, 2015
Crude Oil Price at Levels Not Seen Since March / Commodities / Crude Oil
Trading position (short-term; our opinion): Short positions with a stop-loss order at $65.23 are justified from the risk/reward perspective.
On Friday, crude oil declined sharply after news that production among OPEC members in July pushed supply at the oil cartel to its highest level in seven years. In this environment, light crude lost 3.45% and re-tested the Jul low. Where will oil bears take the commodity in the coming days?
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Tuesday, August 04, 2015
Investment Silver Demand Draining COMEX Vaults / Commodities / Gold and Silver 2015
If there are words to characterize the precious metals markets for July, it would be “divergences” and “shortages.” There was heavy selling in the leveraged futures market and extraordinary buying demand and shortages in physical coins, rounds, and bars.
Despite turmoil surrounding Greece and a huge sell-off in Chinese equities, traders dumped wheelbarrow loads of paper gold and silver. The expected safe-haven buying was concentrated entirely in physical bullion. Spot prices fell relentlessly during the month.
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Tuesday, August 04, 2015
Plan for Surviving Gold's Summer of Discontent / Commodities / Gold and Silver 2015
While Randall Abramson, CEO and portfolio manager with Toronto-based Trapeze Asset Management, freely admits that we are living through the summer of discontent in "Commodityland," he says investors should step back and look at commodities, especially gold, from a macroeconomic and historical perspective. In this interview with The Gold Report, Abramson discusses the magnet he expects to pull gold to around $1,400/oz inside 12 months, and he also offers some of his favorite names in the gold space.
The Gold Report: July 13–20 was an unusual week in the gold market. In a May newsletter to Trapeze Asset Management clients, you argued that the glass is "half full" for investors given current macroeconomic signals. Much water has traveled under the bridge since. Has your view changed?
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Monday, August 03, 2015
The Gold Investment Demand Juggernaut / Commodities / Gold and Silver 2015
Whenever the mainstream media decides to undertake one of its periodic attacks on gold and gold ownership, it almost always begins by laying out gold's long history as a proven inflation hedge. It then proceeds to explain that inflation is not a problem at the present, and, as a result, no one with any common sense would bother to own it. This argument is a set-up – a pretext meant to confuse investor thinking and redirect interest away from the one investment vehicle likely to do them some good in these uncertain times.
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Monday, August 03, 2015
The Reality of Available Gold and Silver Bullion / Commodities / Gold and Silver 2015
Dickson Buchanan writes: The month of July has seen the most intense demand for physical gold and silver since April of 2013, setting numerous records for the year. On the heels of the spectacular drop in spot prices, buyers of physical metal have come out in droves. In fact, available supply is hardly able to keep up with the demand for immediate delivery of metals.
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Monday, August 03, 2015
The Real Message of Plunging Commodities Prices / Commodities / Commodities Trading
The Chinese stock market recently saw its biggest selloff in 8 years as the dramatic 8.5% fall in Shanghai "A" shares also rattled markets around the world.
For the past few weeks China has been balancing its desire to keep the equity market from a complete meltdown, while still courting the international investment community with hopes of being a dominant player in the capital and currency markets.
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Monday, August 03, 2015
Gold – The More Hate, The More Bullish We Become / Commodities / Gold and Silver 2015
After gold’s breakdown on Sunday July 20th, we have seen an avalanche of negative commentaries. Admittedly, from a chart perspective the breakdown does not bode well. We have to get that straight. The technical breakdown is going to lead the price of gold in US dollar terms towards $1,000 /oz, potentially lower.
But if we compare this breakdown in gold with the one in April and June of 2013, we would say the one from last week is a small dip on the long term chart while the one of 2013 was a real collapse. However, the negativity that was triggered by the latest small price drop is much stronger.
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Monday, August 03, 2015
Silver Price - Are We There Yet? / Commodities / Gold and Silver 2015
For an individual to fix Libor is a crime. For a central bank to suppress European bond yields is an act of financial statesmanship. - Jim Grant
ca·pit·u·la·tion
kəˌpiCHəˈlāSH(ə)n/
noun
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Monday, August 03, 2015
Crude Oil USO ETF Elliott Wave Analysis / Commodities / Crude Oil
USO
It’s been 6 weeks since the last post of Oil http://www.wavepatterntraders.com/elliott-wave-analysis-of-uso-oil/ In that time we have a seen a great decline for those that have been short this market, looking at the gyrations I think based on the CL contract, I suspect USO is only ending wave 3, so whilst we should be close to a short term low for wave 3, the likelihood is that any bounce for wave 4 should prove to be a bull trap and then target new lows for wave 5.
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Monday, August 03, 2015
Gold Price Near Intermediate Bottom / Commodities / Gold and Silver 2015
Let me remind everyone that intermediate cycle lows (ICL), and especially yearly cycle lows in the metals are always hard to hold onto. Even if you catch the exact bottom, they usually resist for a week or more and try to shake everyone off. The metals bottom differently than the stock market. When stocks form an ICL they rocket launch straight up. Traders get instant gratification and a market that quickly moves away from their stop. Gold on the other hand forms much more difficult bottoms. It will usually churn back and forth for a week or longer as traders try to decide whether or not a bottom is forming. It’s during this churn, and especially after a destructive bloodbath phase, that traders can rationalize any number of reasons to get knocked off the bull no matter how good the setup is. Understandably after witnessing a devastating bloodbath phase traders are nervous and skittish that the drop is going to continue.
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Sunday, August 02, 2015
Commodity Prices Slump Signals Slow Economic Growth Outlook / Commodities / Commodities Trading
In my opinion, the surest method for ascertaining what the sentiment is towards overall global economic growth prospects is the commodity sector performance.
When sentiment is upbeat towards global growth, commodities tend to be in a strong uptrend on the charts. The reverse is true when prospects turn sour; commodities have a general tendency to sell off.
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Sunday, August 02, 2015
Gold And Silver Charts Are The Compelling Story. Fundamentals Do Not Apply / Commodities / Gold and Silver 2015
Not in 2013, not in 2014, and so far, nothing positive for the price of gold and silver has developed in what looks like for the balance of 2015. Most of the highly regarded gold and silver sites and bloggers have been expecting an upside breakout, some even saying an explosive breakout. As we have been saying for the past few years, the "eyes" have it. Just by following developing price activity, in chart form, it is more than obvious that price continues to languish at recent 4 -5 year lows with NO signs of ending.
It does not matter how much gold China has bought, how many gold/silver coins have been sold to the public, even record numbers. It does not matter how low is the existing supply for silver and its excessive and growing demand. So far, it has not mattered how the miners have been suffering and are closing down operations.
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