Commodity Trade Mantra

market insights

How Much More Higher Could The US Dollar Go?

The US Dollar broke out of its multi-year downtrend and soared above 100. Needless to say, the USD did in fact strengthen a lot. After that initial leg up, the dollar has remained in a consolidation range for much of 2015. Though it recently broke out of a wedge/triangle formation to the upside, it’s not yet clear if this is a definitive move higher or more consolidation.

Gold Plunges Below "Crucial Level", Lowest Since Oct 2009

Over 18000 contracts dumped sending gold futures prices to Oct 2009 lows. As Goldman notes, in Gold, the critical level is 1,068-1,066. In Silver, support spans 13.98-13.83. The fact that oscillators are diverging positively suggests that price may be attempting to stabilize. A break lower would warn that the market hasn’t yet completed its impulsive decline.

Data Proves The Death Of Paper Gold And Silver

Something interesting happened with the net build of both Gold and Silver ETF’s after 2010. When we study the difference in paper gold and silver buying versus physical bar and coin in the past five years… there’s just no comparison. Investors purchased record physical gold and silver bar and coin while staying away from the paper ETF’s with a ten foot pole.

Is Gold Now Set-Up For A Move Higher?

The bullion banks have quietly shifted their trading book to a net long position. And, the hedge funds & small retail traders have taking the other side of this & have gone significantly net short Comex gold. It is very rare for the hedge funds to run a net short position. The last time when hedge funds were net short was in early 2000 right before the bull market in gold was launched.

Why "Supply & Demand" Doesn't Work For Oil Prices

The costs of producing oil continue to rise, as a result of diminishing returns, so this fall in oil prices is clearly a problem. Low oil prices make future production unprofitable; it also leads to an increasing number of debt defaults. It is also inevitable that the price of oil must stop rising at some point because of the adverse impact on spendable income of consumers.

Can Investors Really Trust The New Gold Price Fixing?

The discontinuation of the previous gold price fixing doesn’t mean that price manipulation has ended. The modern procedure definitely represents progress though. Gold market manipulations are in any case mainly performed in the futures markets. They are merely more frequent and stronger during the fixings. Gold price manipulation continues.

Commodities Plunge To New 16 Year Low; Oil Slides On Venezuela Warning

The Bloomberg Commodity Index is set for its worst year since the financial crisis, plunging 23 percent. It’s not just the metals though: crude oil also started the session off on the wrong foot, following this weekend’s comments from Venezuela that oil prices may drop to as low as the mid-$20s a barrel unless OPEC takes action to stabilize the market.

Shanghai vs Comex: Opposite Moves In Silver Inventories

COMEX silver inventories peaked in the beginning of July at 184.5 million oz (Moz) and then continued to decline, reaching a low of 159.9 Moz presently. Shanghai Futures Exchange silver inventories bottomed on August 18th at 233 metric tons (mt), then continued to grow over the past three months to the present 528 mt.

follow us

markets snapshot

Market Quotes are powered by

live commodity prices

Commodities are powered by

our latest tweets

follow us on facebook

editor´s picks

Markets Today

news & commentary from the web


  • Rate Hike or No, Dec. Fed Meeting Will Be Bullish for Gold

  • What is the Fair Value of Gold? Ounces Over Dollars, P1

  • Jim Rickards: Recession will force Fed to ease in 2016

  • What is the Fair Value of Gold? Ounces Over Dollars, P2