Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Sunday, November 02, 2014
As Oil Price Falls, These Kinds of Drillers Become Irresistible / Commodities / Oil Companies
By: Money_Morning
Dr. Kent Moors writes: Thanks to the drop in prices, some TV pundits are now talking about the end of the “new” oil age.
Of course, most of these misfits couldn’t find an oil slick if they slipped on it. But that’s not stopping them, not one bit.
Now admittedly, it’s true. With oil now trading in a band between $80 and $88 a barrel, there’s a “new normal” for crude. (And as I’ll explain later, it just won’t last).
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Saturday, November 01, 2014
Gold And Silver – Elite Supernova Death Dance In PMs? / Commodities / Gold and Silver 2014
By: Michael_Noonan
On several occasions, over as many months, comments have been made here to the effect
that reading developing market activity is the best source for knowing what to expect,
moving forward. Most people have a need to rationalize the markets by coordinating
known events with the current price. Last year, it was how many record coin sales around
the world would impact the market, then the number of tonnes China and Russia were
importing. Lately, the opening of the Shanghai Gold Exchange where true price discovery
could be expected, the ongoing disappearance of reserves held by COMEX and LBMA, etc,
etc, etc., none of which had the market impact for which so many had hoped.
Friday, October 31, 2014
Gold and Silver - Good Morning Fiat Nam / Commodities / Gold and Silver 2014
By: Jesse
It is a mistake to underestimate the depths of self-serving policy error to which Wall Street and the ruling elite will sink in order to kick the can down the road and maintain their positions of privilege. Every time I think they can go no further, I am surprised. Shame on me.
The Fed has never seen a bubble it didn't like. And if the trickle down isn't working, keep doing the same thing, but even more. Tempting fate doesn't begin to cover it.
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Friday, October 31, 2014
Pretium - Canadian Golden Elephant / Commodities / Gold and Silver Stocks 2014
By: Zeal_LLC
Elephants are the world’s largest land animals. And though there aren’t many, they can still be found scattered across the planet. In the mining industry, super-large-sized deposits are often referred to as elephants. Like the animal, these deposits aren’t all that common. But also like the animal, they can still be found.
Elephant country is somewhere miners tend to gravitate towards in their hunt for meaningful discoveries, as elephants can usually be found in herds. And one of the world’s most prolific gold herds is found in British Columbia’s Golden Triangle.
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Friday, October 31, 2014
Gold Prices in The Post-QE World / Commodities / Gold and Silver 2014
By: Clif_Droke
Lacking a distinctive catalyst, gold prices have languished in recent weeks after a failed turnaround attempt earlier this month. Gold's primary form of price propulsion is fear and uncertainty; as long as investors are worried what the future might hold, gold is treated as a financial safe haven and its price tends to appreciate due to increased demand. When investors aren't worried, however, gold is typically ignored and risk assets (viz. equities) become the preferred choice.
Friday, October 31, 2014
FOMC Hits Gold and Silver / Commodities / Gold and Silver 2014
By: Alasdair_Macleod
Trading in precious metals was quiet until Wednesday morning, when prices began to soften. When the FOMC meeting released its policy statement at 2.00pm EST, gold and silver responded by falling heavily, with gold breaching the $1200 level yesterday (Thursday) and silver crashing through $17 to a low of $16.33.
This morning (Friday) gold and silver fell further in overnight ahead of the London opening, with gold trading down to $1173 and silver at $16.00. It is clear that the bears, including the bullion banks with short books, mounted an attack on the $1180 level, where there were stops to take out.
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Friday, October 31, 2014
More Downside Ahead for Gold and Silver / Commodities / Gold and Silver 2014
By: Jordan_Roy_Byrne
Last week we argued that the underperformance of the gold miners during Gold's rebound was a bad sign. Since then the miners have plunged to new lows while Gold appears to be at the doorstep of a major breakdown below $1180. It shouldn't be a surprise as it would simply be following the miners and Silver. The current bear market is getting very long in the tooth but it is not yet over. We see more losses ahead before a potential lifetime buying opportunity.
Friday, October 31, 2014
China's Gold Strategy / Commodities / Gold and Silver 2014
By: Alasdair_Macleod
China first delegated the management of gold policy to the Peoples Bank by regulations in 1983. This development was central to China's emergence as a free-market economy following the post-Mao reforms in 1979/82. At that time the west was doing its best to suppress gold to enhance confidence in paper currencies, releasing large quantities of bullion for others to buy. This is why the timing is important: it was an opportunity for China, a one-billion population country in the throes of rapid economic modernisation, to diversify growing trade surpluses from the dollar.
Thursday, October 30, 2014
Gold, Silver and Currency Wars / Commodities / Gold and Silver 2014
By: Jesse
"The US must win, since it has infinite ammunition: there is no limit to the dollars the Federal Reserve can create.
What needs to be discussed is the terms of the world’s surrender: the needed changes in nominal exchange rates and domestic policies around the world."
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Thursday, October 30, 2014
Gold Price Declines Once Again As Expected / Commodities / Gold and Silver 2014
By: P_Radomski_CFA
Briefly: In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective.
Gold and mining stocks declined yesterday in a rather profound way. The GDX ETF finally broke below its 2013 lows and the volume that corresponded to this action was high. However, silver almost didn't react - why didn't it? Will we see a rally shortly?
In short, not likely. There was a good reason for silver to hold up strongly at this time. However, before we move to this situation, let's take a look at the "background info" - the changes in the USD Index (charts courtesy of http://stockcharts.com).
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Thursday, October 30, 2014
Fed Ends QE? Greenspan Says Gold “Measurably” “Higher” In 5 Years / Commodities / Gold and Silver 2014
By: GoldCore
As expected, the Fed announced yesterday it would end its six year money printing and bond buying programme.
Given the fragile nature of the U.S. economy, Eurozone economy and indeed the global economy, Fed critics continue to believe that this may be a short term hiatus prior to a resumption of QE, if asset prices start to fall or economic growth falters.
Former Federal Reserve Chairman Alan Greenspan admitted yesterday to the Council on Foreign Relations (CFR), that QE and the Fed’s bond buying program, which aimed to lower unemployment and spur stronger economic growth, fell short of its goals.
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Thursday, October 30, 2014
Understanding Gold's Massive Impact on Fed Maneuvering / Commodities / Gold and Silver 2014
By: Money_Morning
Peter Krauth writes: Just about everyone knows Alan Greenspan. As central bankers go, he may just be the most famous ever. Even today, 1 in 6 Americans still think he's the current chair of the Federal Reserve.
As Fed chief from 1987 until 2006, Greenspan oversaw the latter part of the greatest stock bull in history.
For that, some called him "The Maestro."
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Thursday, October 30, 2014
The Colder War: How the Global Energy Trade Slipped From America's Grasp / Commodities / Energy Resources
By: John_Mauldin
The story of energy is the story of human expansion. From the days when we roamed the African savanna, we tamed first fire and then other forms of energy, using them as tools to control our environment and improve our lives. The control of energy has always been at the heart of the human story.
This week our Outside the Box essay is from my friend Marin Katusa, who has written a fascinating book about a part of that story, a subplot of intrigue and conspiracy. Under Putin, Russia has aspired to dominate the energy markets. Called The Colder War, Marin’s book is a well-written tale of the rise of Putin and his desire to change the way the world’s energy markets are controlled.
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Wednesday, October 29, 2014
Gold and Silver Junior Miners Buying Opportunity Comes Once Every Six Years / Commodities / Gold and Silver Stocks 2014
By: Jeb_Handwerger
Risk taking is a natural part of life, especially in the capitalist system where the greater the risk, the increased potential reward. The TSX Venture Index which is made of the Canadian start ups in junior mining and high tech is hitting lows not seen since 2002 and the 2008 Credit Crisis. Investors are now risk adverse, but as the charts shows below that could change.
Wednesday, October 29, 2014
Gold's Obituary / Commodities / Gold and Silver 2014
By: David_Petch
This is probably not the type of article anyone who owns precious metal stocks would like to read, but here it is. The analysis presented today illustrates short-term and mid-term outlooks up front, with the Elliott Wave count indicating the longer-term trend expected over the next 5-7 years. I am not really going to provide much information on investment strategies around this analysis, but if one connects the dots, it should reveal a crystal clear picture.
Wednesday, October 29, 2014
Greenspan: Gold Price Will Rise / Commodities / Gold and Silver 2014
By: Axel_Merk
Any doubts about why I own gold as an investment were dispelled last Saturday by the maestro himself: former Fed Chair Alan Greenspan. It's not because Greenspan said he thinks the price of gold will rise - I don't need his investment advice; it's that he shed light on how the Fed works in ways no other former Fed Chair has ever dared to articulate. All investors should pay attention to this. Let me explain.
Wednesday, October 29, 2014
Government Gold-Plating / Commodities / Gold and Silver 2014
By: Steve_H_Hanke
Sen. Tom Coburn (R-OK) released his annual Wastebook this past week. It contains a laundry list of doozies. The U.S. government’s gold-plating operations included $190,000 to study compost digested by worms, $297 million for the purchase of an unused mega blimp, and $1 million on a Virginia bus stop where only 15 people can huddle under a half-baked roof. These questionable (read: absurd) expenditures only represent the tip of the iceberg.
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Tuesday, October 28, 2014
Gold vs Paper - A Tale of Two Cities / Commodities / Gold and Silver 2014
By: DeviantInvestor
This is a work of fiction with a few similarities to the reality we all know and trust, or … the reality that we think we know.
City A in a Paper World:
A financial genius had a plan! He and his offspring implemented the plan over several hundred years.
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Tuesday, October 28, 2014
Omniscient Federal Reserve Captures The Capital Market, For Now. Gold Beckons / Commodities / Gold and Silver 2014
By: GoldCore
A cursory glance at the various financial news media this morning shows nothing particularly unusual for these unusual times. The ECB have paraded a list for stress tested banks and the market shrugged. However, there is a disturbing thread running through most of the stories to which we have become immune but which would have been considered highly unusual at almost any time in the twentieth century. And that thread is the influence of the Federal Reserve in practically every key market in the world.
Tuesday, October 28, 2014
The End of QE and the Price of Gold / Commodities / Gold and Silver 2014
By: Bob_Kirtley
Background
The programme known as Quantitative Easing is due to be halted at the end of October, coinciding with the next meeting of the Federal Open Market Committee which is scheduled for 28/29 October 2014. Monetary policy plays a big role in gold’s fortunes and so the strategies put in place by the central banks around the world need to be watched very carefully.