Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Wednesday, March 06, 2013
Gold Contrarian Bullish Indicator / Commodities / Gold and Silver 2013
Sasha Cekerevac writes: The recent pullback in gold has certainly unnerved long-term investors. It has also seen a dramatic shift in market sentiment. However, recent data shows that this shift in market sentiment has primarily come from shorter-term institutional funds.
When considering gold as an investment, one must consider the timeframe as well as the underlying participants in the market. Market sentiment for every asset class oscillates from overly optimistic to overly pessimistic. The goal for the long-term investor is to use this volatility to accumulate during overly pessimistic times and take profits during overly optimistic times.
Read full article... Read full article...
Wednesday, March 06, 2013
Peak Oil Is Almost Here and There's No Magic To Counter It / Commodities / Crude Oil
This where we stand, and it's a fairly bleak view: Peak oil is almost here, and nothing new (with the possible but unlikely exception of Iraq) is coming online anytime soon and while the clock is ticking - forward movement on developing renewable energy resources has been sadly inadequate. In the meantime, the idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype. There are no easy solutions, no viable quick fixes, and no magic fluids. Yet the future isn't all doom and gloom - certain energy technologies do show promise. We had a chance to speak with well known energy expert Dave Summers where we cut through the media noise and take a realistic look at what our energy future holds.
Read full article... Read full article...
Wednesday, March 06, 2013
Surprising New Paradigm in the Gold and Silver Markets! / Commodities / Gold and Silver 2013
How many times have we heard that the precious metals stocks are so oversold and cheap that they can’t go any lower and have to rally. They just can’t go any lower because the low in 2008 was the absolute low that will never be hit again as it was just an extraordinary event. A precious metal stock crash that was a once in a lifetime thing. So based on that low many PM investors bought their precious metals stocks thinking they were buying on the cheap. I’m wondering if they still think the precious metals stocks were a good buy at that 2008 crash low in the ratio charts?
Read full article... Read full article...
Wednesday, March 06, 2013
U.S. Dollar Top, Gold, Commodities Bottom / Commodities / Commodities Trading
While I suspect this is probably the furthest thing from what most investors expect, I think the dollar index is very close to forming another major top, and once it does it should release oil, gold and the rest of the commodity index from their extended corrections. Granted no one believed me when I called the major three year cycle low in the CRB last summer either.
As you can see in the next chart, as soon as the dollar began to rally out of its last intermediate bottom, commodities, including oil and gold, all began to move down into major intermediate degree declines. For gold this has turned out to be one of the most difficult yearly cycle lows of the entire bull market, other than the eight year cycle low in 2008.
Wednesday, March 06, 2013
Gold Price "Tug of War" as Asians Buy Physical and ETF Investors Sell / Commodities / Gold and Silver 2013
U.S. DOLLAR prices to buy gold hovered around $1575 per ounce Wednesday morning in London, in line with last week's close, as dealers in Asia reported an increase in demand for physical bullion, in contrast with exchange traded funds, which have continued to see selling, in what one analyst calls a "tug of war" between physical buying and ETF selling.
"Short-term, gold should drift lower to the short-term support line at $1569/65 or even to the previous low at $1555," say technical analysts at Societe Generale.
Read full article... Read full article...
Wednesday, March 06, 2013
Dow Down 50% Against Gold Since Last Record Dow in October 2007 / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,574.00, EUR 1,207.98 and GBP 1,043.42 per ounce.
Yesterday’s AM fix was USD 1,584.25, EUR 1,214.82 and GBP 1,044.33 per ounce.
Silver is trading at $28.68/oz, €22.10/oz and £19.09/oz. Platinum is trading at $1,596.70/oz, palladium at $736.00/oz and rhodium at $1,200/oz.
Read full article... Read full article...
Tuesday, March 05, 2013
Yes, Gold Prices ARE Being Manipulated, Here's What To Do About It / Commodities / Gold and Silver 2013
Keith Fitz-Gerald writes: If you've ever suspected gold prices are being manipulated, you're not alone--and you're right, they are.
Against the backdrop of fiscal mismanagement, political incompetence, and failed austerity measures, the world's biggest traders have all bet heavily on gold. Lately, they've been pulling out all the stops to get what they want while laughing all the way to bigger bonuses.
Read full article... Read full article...
Tuesday, March 05, 2013
SPDR Gold Trust (GLD) Sees Longest Ever Run of Gold Outflows / Commodities / Gold and Silver 2013
U.S. DOLLAR gold prices climbed to $1584 an ounce Tuesday morning, 1.2% above last week's low, as stocks and commodities also edged higher and the Dollar weakened slightly after another Federal Reserve policymaker spoke in favor of ongoing quantitative easing.
Silver hovered just below $29 an ounce this morning, 3.5% up on last week's low, while major government bond prices fell.
Read full article... Read full article...
Tuesday, March 05, 2013
Record Silver Eagle Sales - SocGen Say Silver “Cheaper Alternative To Gold” / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,584.25, EUR 1,214.82 and GBP 1,044.33 per ounce.
Yesterday’s AM fix was USD 1,578.00, EUR 1,214.13 and GBP 1,049.06 per ounce.
Silver is trading at $28.93/oz, €22.30/oz and £19.16/oz. Platinum is trading at $1,588.50/oz, palladium at $722.00/oz and rhodium at $1,200/oz.
Read full article... Read full article...
Tuesday, March 05, 2013
Gold and Interest Rates Direction of Travel / Commodities / Gold and Silver 2013
Yes, the real rate of interest matters to gold. But not as much as its direction...
Wall Street and the City are coming to decide that gold is a sell. Because interest rates, they reason, are set to rise sooner than they used to imagine.
This professional money is only half-wrong. Central banks aren't about to hike the returns on cash savings, which have been a wasting asset pretty much non-stop since 2007.
Read full article... Read full article...
Tuesday, March 05, 2013
Junior Gold Stocks Best Buying Opportunity in Four Years...Possibly Ever / Commodities / Gold and Silver Stocks 2013
There is an old saying: to “pound the table”. It essentially means to vehemently assert one's position. I rarely pound the table. I am, as of today, pounding the table!
I am talking about the junior gold stocks. Gold stocks in general, but especially the juniors.
To preface, those of you invested in these securities in 2008 remember the worst crash of all time: the crash of the junior gold stocks from a high on the TSX-Venture exchange (where most are traded) of over 3,000 to under 700 in less than a year.
Read full article... Read full article...
Tuesday, March 05, 2013
Central Bankers Are Gaming Gold / Commodities / Gold and Silver 2013
Some people may look at the stock market and see economic recovery. Eric Sprott of Sprott Asset Management and Sprott Money looks at myriad other economic indicators and sees an economy still in decline. Despite his suspicions that central banks are keeping gold prices artificially low, he tells The Gold Report that he favors gold, platinum, palladium and especially silver, over the near and long term.
The Gold Report: The price of gold has dipped under $1,600/ounce ($1,600/oz); silver is below $30/oz. Is this a case of living by the sword and dying by the sword, where precious metals prices only go up in a bad economy and are doomed to languish when things go well?
Read full article... Read full article...
Monday, March 04, 2013
Silver Prices Defy the “Law of Supply and Demand” / Commodities / Gold and Silver 2013
Mike McGill writes: Let’s begin with a definition. Investopedia.com defines the Law of Supply and Demand as follows:
The effect that the availability of a particular product and the desire (or demand) for that product has on price. Generally, if there is a low supply and a high demand, the price will be high. In contrast, the greater the supply and the lower the demand, the lower the price will be.
Read full article... Read full article...
Monday, March 04, 2013
China’s $3.3 Trillion FX Reserves Could Buy All World’s Gold Twice / Commodities / Gold and Silver 2013
Today’s AM fix was USD 1,578.00, EUR 1,214.13 and GBP 1,049.06 per ounce.
Friday’s AM fix was USD 1,570.00, EUR 1,203.99 and GBP 1,043.74 per ounce.
Silver is trading at $28.75/oz, €22.11/oz and £19.20/oz. Platinum is trading at $1,584.25/oz, palladium at $719.00/oz and rhodium at $1,200/oz.
Read full article... Read full article...
Monday, March 04, 2013
Gold Upside "Limited" Despite Comex Repositioning / Commodities / Gold and Silver 2013
THE SPOT gold price dropped to $1575 per ounce Monday morning in London, broadly in line with where it ended last week, while stocks ticked lower and the Euro held steady near two-month lows against the Dollar ahead of this Thursday's European Central Bank policy meeting.
"For gold, the trending and momentum indicators are pointing lower," says a note from UBS, "indicating any upside in the near-term must be limited."
Read full article... Read full article...
Monday, March 04, 2013
Reasons to Sell Gold and Silver Now / Commodities / Gold and Silver 2013
Sell or hedge a portion of your physical. Sell all mining stock asap.
Gold may dive below $1200 and silver below $21 ($1400 is very likely), due
to fact that USA $1.2 trillion fiscal cuts are going to occur. Obama wants
to use this to make the public hate the Republicans, so he can get a
majority in Congress at the mid-term elections, so then he can run the
country like a dictatorship his last 2 years.
Monday, March 04, 2013
A detailed look at Bank of England Gold / Commodities / Gold and Silver 2013
The London Bullion Market is the global trading centre for physical gold, and the Bank of England holds gold on behalf of other central banks. There are a number of historical reasons the Bank has this privileged role, but the most important are that the Bank is trusted, and it oversees the largest bullion market by far. Therefore a significant portion of the world’s monetary gold should be stored at the Bank of England.
Read full article... Read full article...
Sunday, March 03, 2013
Gold Set for Next Major Uptrend to Break to New All Time Highs / Commodities / Gold and Silver 2013
COTs, sentiment and public opinion and a raft of technical indicators are all at low extremes that continue to indicate that gold is marking out a major low here and set to reverse to the upside before long. So you can safely ignore all the fair weather pundits who are coming out of the woodwork to proclaim gold's bullmarket dead, and also the plethora of bearish articles appearing in the mainstream media at Big Money's behest in order to squeeze the last drop of blood out of the little guy before the next big rally starts.
Read full article... Read full article...
Sunday, March 03, 2013
Silver Believed to Have Bottomed Ahead of Major Uptrend / Commodities / Gold and Silver 2013
The big story with silver is that the Commercials are continuing to unwind their earlier massive short position at a very rapid rate, and of course booking massive profits in the process. We had pointed out in the last update that until their short positions eased further, silver was likely to back and fill and that's what happened last week, as after a 4-day rally into Tuesday, silver dropped back for the rest of the week to make a new intraday low on Friday.
Read full article... Read full article...
Sunday, March 03, 2013
Why Gazprom Will Bite The Bullet - Soon / Commodities / Natural Gas
WHEELS WITHIN WHEELS
One of the most classic-possible rent situations exists in Europe, with its overpriced energy markets. Sometimes the rent is only created inside the bloc, and consumed there by its owners - the corporate, bankster State price fixing fraternity. But in other cases like oil and especially gas, the rent is shared with foreign partners of the elite crowd: for gas price gouging, this is now unsustainable.