Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.
Saturday, December 26, 2020
Can Gold Price Shine Again With Dovish Powell? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
Fed Chair Jerome Powell sounded dovish during his press conference on December 16, where he gave a market update after the Fed’s monetary policy meeting. The Fed will remain accommodative for a long time, which should support gold prices.Last week was full of important events. First, both the Pfizer/BioNTech and Moderna vaccines received emergency-use authorization from the U.S. Food and Drug Administration . In consequence, the first COVID-19 vaccination in the United States has already taken place, which is great news for America, as it marks the beginning of the end of the pandemic.
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Thursday, December 24, 2020
Gold and Miners Are Not in Santa's Bag / Commodities / Gold and Silver Stocks 2020
By: P_Radomski_CFA
Do you feel the Christmas spirit when it comes to the yellow metal and miners? Because we don’t. Multiple signs over the past few days point to bearish weeks ahead for gold and the gold miners. The VanEck Vectors Gold Miners ETF (GDX) - the most liquid vehicle for investors and traders to gain exposure to gold mining companies – is indicating that things are only about to go downhill from here and a lack of action from options traders only serves to confirm that.
Despite rallying by 8.7% over a three-day stretch, the GDX traded sharply lower on Friday (Dec. 18), and yet again, failed to recapture its 50-day moving average (unlike gold). Moreover, GDX also closed below its early-December intraday high, while the GLD ETF remained above its analogous price level.
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Thursday, December 24, 2020
Will President Biden Trigger Inflation for Gold? / Commodities / Global Debt Crisis 2020
By: Arkadiusz_Sieron
President-elect Joe Biden is expected to increase further government spending. For this and also other reasons, there is a risk that inflation under Biden’s presidency could be higher than under Trump’s. That would be great news for gold.Let’s face it, Biden won’t have an easy presidency. And I’m not referring to the fact that he will be sworn in as the oldest president in U.S. history or that he will have to deal with the coronavirus pandemic and the process of vaccine distribution across the country. I’m referring to Biden inheriting an economy with slow growth and too much public debt . Given the debt burden, it should be clear that under Biden’s presidency, real interest rates will remain at ultra-low levels. This is how a debt trap works – the more the debt grows, the less the economy (Treasury) can afford higher interest rates .
Moreover, Biden will have to face the risk of inflation . Actually, some analysts say that the new POTUS could contribute to the rise of prices. Is it true? Will we finally see an acceleration in the inflation rate? Read full article... Read full article...
Thursday, December 24, 2020
Silver Price Launches Toward Major Technical Breakout / Commodities / Global Debt Crisis 2020
By: MoneyMetals
Precious metals markets are on the move this week.
They got a boost following Wednesday’s Federal Reserve policy statement. Fed officials kept their benchmark interest rate near zero and vowed to continue injecting $120 billion per month into the bond market.
The central bank seemed unconcerned about bubble-like conditions in equity markets. Nothing seems likely to deter it from pursuing more stimulus for the foreseeable future.
The ultra-dovish Fed helped nudge the U.S. Dollar Index down. It broke below 90 on Thursday to record a new low for the year.
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Tuesday, December 22, 2020
Silver Is Still Following Bitcoin Higher / Commodities / Gold & Silver 2020
By: Hubert_Moolman
Previously, I have shown how Bitcoin is leading silver higher, and vice versa. .
This makes perfect sense in these time, since it is all about the US dollar. Assets that offer a “safehaven” from US dollar meltdown will go higher in some sort of related pattern.
Here is an update on that analogue where Bitcoin is leading silver higher (you can find the analogue where silver is leading Bitcoin higher in the previous update):
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Tuesday, December 22, 2020
Alarming Developments in GLD ETF Reaffirms Need to Own PHYSICAL Gold / Commodities / Gold & Silver 2020
By: MoneyMetals
The world’s largest gold exchange traded fund (ETF) seems to be having a lot of trouble when it comes to accounting.
The SPDR Gold Trust (GLD) recently appointed its 6th chief financial officer since 2014. And the problem of finding and keeping executives who are willing to certify the Fund’s accounting does not appear to be the only reason for concern at GLD.
The timing of the most recent CFO departure is particularly troubling. Laura Melman left one day prior to the Fund’s financial year end.
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Sunday, December 20, 2020
A Bigger Picture View of HUI Gold Stocks / Commodities / Gold and Silver Stocks 2020
By: Gary_Tanashian
As Huey pushes his cart of rocks out of the dark and up the hill…
In NFTRH we did a lot of work managing the oncoming correction, the valid reasons behind it (these reasons are beyond the scope of this post, but don’t listen to the perma-bulls, they were more than valid and readable in advance), the now nearly 5 month old correction (technically still intact) and more recently the improved risk vs. reward after HUI hit our long-standing ‘best’ target of 280 .
There is another downside target at 260 but it may just be time for the drudgery (AKA consolidation/correction to bleed out the excesses) to end. The answer to confirm that will be left to ongoing work we do on shorter time frames, including daily charts in the weekly report and in-week updates. But for this post, I want to take a perspective look at HUI’s weekly chart.
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Saturday, December 19, 2020
Long Term Gold / US Dollar Cycles Show Big Trends For Metals / Commodities / Gold & Silver 2020
By: Chris_Vermeulen
In the first part of our US$ and Gold research, we highlighted the US Dollar vs. Gold trends and how we believe precious metals have recently bottomed while the US Dollar may be starting a broad decline. We are highlighting this because many of our friends and followers have asked us to put some research out related to the US Dollar decline. Back in November, we published an article that highlighted the Appreciation/Depreciation phases of the market. This past research article – How To Spot The End Of An Excess Phase – Part II – is an excellent review item for today’s Part II conclusion to our current article.
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Thursday, December 17, 2020
Gold, Silver and the Commodities Supercycle / Commodities / Commodities Trading
By: Richard_Mills
On Tuesday, Nov. 24 copper prices hit a fresh 2020 pinnacle of $3.52 per pound on the Comex in New York. The red metal’s best performance in seven years was on the strength of Chinese manufacturing and construction expanding at its fastest in a decade. The country’s manufacturing PMI for November, seen as a leading indicator of copper usage, rose to 52.1 while the Caixin manufacturing PMI, which includes both large and small firms, jumped to a 10-year high of 54.9. Any number above 50 indicates an expansion. The construction index leapt from 59.8 in October to 60.5.
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Thursday, December 17, 2020
Online commodity investment – Great option for investing your money / Commodities / Commodities Trading
By: Sumeet_Manhas
There are many number of platforms on online where you can invest more than just currencies and stocks, where the best and great option to invest your valuable money is commodities. Investing in online commodities is an option and you can get help from experts to do better trading. In fact, you can make use of different online trading website for making you invest commodities. Generally, online investments involve in handling certain types of investment transactions and the commodity trading is one of those things where people show interest in investing their money. This is where the place you buy the certain amount of commodity and sell it at the predetermined date based on the future value of the product because in order to get good profit on your investment there is always some kind of risk in losing money but this something that is very similar to all types of the investment where you do your business for profit.
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Thursday, December 17, 2020
Are you finding the effective tips to trade commodities? / Commodities / Commodities Trading
By: Sumeet_Manhas
If you are a newbie to trade commodities, especially in the virtual market then it is very essential thing to understand the basics about the particular industry in which you are going to start trading. There are number of approaches to take where each of the stage has different commercial things which you need to consider, these includes choice of the product to deal in the trade, techniques to be adapted and establishment of the virtual account to be carry out in the transaction process. As a first thing you need to be choosing the product in which you are going to deal with in your commodity trading. If you any substantial authority in the ecommerce circles then you can also select the goods like currencies and precious metals where this could not be a hard choice for you.
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Tuesday, December 15, 2020
Is the Vaccine a Game-Changer for Gold? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
The vaccines are coming – we’re saved! Although the arriving vaccines are great for humanity, they are bad for the price of gold.In November, Pfizer and BioNTech announced that their mRNA-based vaccine candidate, BNT162b2, had demonstrated evidence of an efficacy rate above 90% against COVID-19, in the first interim efficacy analysis. As Dr. Albert Bourla, Pfizer Chairman and CEO, said:
Today is a great day for science and humanity. The first set of results from our Phase 3 COVID-19 vaccine trial provides the initial evidence of our vaccine’s ability to prevent COVID-19.
Indeed, the announcement is great news! After all, the vaccine is the ultimate weapon against the virus. There’s no doubt that we will get the vaccine one day. Thank God for scientists – they are really clever people who work hard to develop a safe vaccine! Why can’t we have more of them instead of so many economists? As well, the pandemic triggered unprecedented global cooperation to develop a vaccine as quickly as possible. The funds are enormous, while the bureaucrats eventually decided to behave like decent human beings for once and eased their stance in order to speed up the whole process. Great!
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Tuesday, December 15, 2020
Beat the Coming ‘Taxflation’ Tsunami with Precious Metals / Commodities / Gold & Silver 2020
By: MoneyMetals
The final weeks of the tumultuous year that has been 2020 present opportunities for investors to get their financial houses in order ahead of the New Year.
Nobody knows what 2021 will bring. But new political risks are likely to emerge – including the threats of higher taxes and a more punitive IRS.
With control of the U.S. Senate still up for grabs pending runoff elections in Georgia next month, and the final outcome of the presidential race still in dispute, an environment of uncertainty will reign for the remainder of the year.
President Donald Trump continues to pursue a longshot campaign to rescind fraudulent election results in multiple states through the courts or state legislatures.
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Tuesday, December 15, 2020
How Will Gold Perform This Winter? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
Brace yourselves, winter is coming! It may be a harsh period for the United States, but much better for gold.Some of you may have seen snow this year already, but the astronomical winter is still ahead of us. Unfortunately, it could be a really dark winter. Instead of joyful snowball battles and making snowmen, we will have to contend with the coronavirus . The vaccines will definitely help (the first doses of Pfizer’s vaccine were administered this week), but their widespread distribution will begin only next year. So, we still have to deal with the pandemic taking its toll here and now – as the chart below shows, the number of daily COVID-19 cases is still above 200,000 in the U.S.
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Monday, December 14, 2020
Precious Metals: The Foundation of A Sound Financial Portfolio / Commodities / Gold & Silver 2020
By: Nick_Barisheff
Precious metals are the bedrock of the financial world. They have permanent value and are the oldest form of money in the world. If you don’t own physical gold and silver, your investment portfolio lacks a sound foundation. Precious metals are often sought after as a store of permanent value, and as a method of diversifying portfolios.
While cash, bonds, stocks and real estate offer investors financial diversification, precious metals underpin all other assets, particularly during times of economic turbulence and market turmoil.
Imagine an upside-down pyramid containing successive layers of asset classes.
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Monday, December 14, 2020
Gold Price Green Light For Mining Stocks / Commodities / Gold and Silver Stocks 2020
By: Zeal_LLC
The gold miners’ stocks are finally perking up again, after spending months slogging through a grinding correction. Contrarian traders are taking notice, starting to redeploy capital in this high-potential sector. Gold miners’ earnings and thus stock prices are overwhelmingly driven by gold’s fortunes. And the yellow metal’s recent technicals are signaling a mature correction, green-lighting gold stocks’ next major upleg.
Bull markets are an alternating series of uplegs followed by corrections, for every few steps forward there is always one step back. These periodic selloffs are essential for bulls’ health and longevity, rebalancing sentiment and technicals before they get too overheated. Popular greed growing too extreme early in bulls will prematurely slay them. All available near-term buying is sucked in, exhausting capital inflows and upside.
The most-important times to trade during bull markets are correction bottomings and upleg toppings. The mission is to buy in relatively-low at the former, then sell relatively-high at the latter. That’s the lowest-risk and fastest way to multiply wealth in ongoing secular bulls. But executing on this strategy is challenging in real-time, because these tradable major lows and highs aren’t definitive until well after they’ve passed.
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Monday, December 14, 2020
Big Down Day For Gold And Silver; More To Come? / Commodities / Gold & Silver 2020
By: Kelsey_Williams
After a recent spike to the upside over the past seven days, both gold and silver have turned negative again and could be headed back to their recent low points reached early in the day on Monday, November 30th.
The movement in both gold and silver is evident of a decided shift in trend direction to the downside. What happens after prices return to their recent lows could prove interesting; or downright discouraging if you are expecting a resumption of the trend to higher prices.
Silver at its recent reaction high point yesterday reached $24.80. At that point it was still down $5.00 per ounce from it August intraday high of $29.80. When silver touched $21.80 last week it represented a loss of more than twenty-five percent from its August peak.
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Sunday, December 13, 2020
Looking for Precious Metals Key Triggers / Commodities / Gold & Silver 2020
By: P_Radomski_CFA
The question on everyone’s mind is: when is it a good time to buy some gold or silver after they bottom? The answer to that question is simple: when key triggers are met. Count-trend rallies in gold or silver don’t mean that they have enough energy and momentum to keep climbing. Miners also don’t have enough strength to lead the way in a fresh climb upwards for the PMs, so everything we see now only speaks of corrective action.
Gold moved higher yesterday (Dec 8), while silver and mining stocks went in the opposite direction. It seems that the latter moved in tune with the trend, while the move in the former was rather accidental.
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Friday, December 11, 2020
Mission Accomplished: The Gold Bull Is Back / Commodities / Gold & Silver 2020
By: The_Gold_Report
Sector expert Michael Ballanger maintains the "golden bull is back," and in this missive he outlines the reasons why. As this is being penned, I am seated in my den just after 7 a.m. looking out into the pitch darkness of an early December morn and the only light is a reflection off the cool waters of the lovely swamp Lake Scugog emanating from the bustling metropolis known as Port Perry. I can hear the distant rumbling of cars and trucks all along the causeway on their way to destinations that have surely changed from what and where they were one year ago.
With warranted affection, it gives me great hope in watching my fellow small-town citizens carrying on with pre-Christmas traditions, decorating the eaves with festive lights and animated front-lawn symbols that go back centuries. The will to survive and spit in the eye of the current public health crisis (which is rapidly morphing into a civil obedience crisis) gives me time to reflect upon the events of the past year. In case you haven't noticed, in the blink of an eye, 2020 will soon be gone, and to this I say, "Good riddance!"
Furthering that sentiment, I normally take the first week of December to conduct a self-audit of the year in review, largely because by this time there is not a great deal one can do to enhance one's portfolio performance. You have either had a good year or you have had a bad year, and with markets winding down into mid-month, volumes and volatility are going to be significantly reduced and trading opportunities disappearing up the proverbial chimney.
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Friday, December 11, 2020
Silver is Back! / Commodities / Gold & Silver 2020
By: The_Gold_Report
Peter Krauth explains why he believes silver is heading into a massive bull market. It's getting harder with every passing day to find cheap assets.
Stocks, bonds, real estate, they're all pretty pricey. And yet, no one seems to care.
Instead, the masses, and asset managers, appear determined to keep pushing them higher.
In recent days, the S&P 500, the Dow 30 and the Nasdaq all set new records. And yet, it's not difficult to imagine that, at least over the next 6–12 months, these indices could easily all head higher.
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