Commodity Trade Mantra

Posts Tagged ‘Copper’

Silver Prices in Uptrend or is More Correction Yet to Come?

The Daily trend has flipped higher but the intermediate term trend for silver is yet lower. Hedge funds remain bullish on silver. As long as this recent upside momentum remains intact, this should pose no problem, but as we have seen time & again, any hesitation to move higher, any loss of upside momentum, and this fickle crowd will have to be watched for further long liquidation.

Silver and Gold Look Poised to Test Fresh Highs After Short Breather

Silver futures regained their footing to renew a charge to a fresh, nearly two-year settlement high, and gold tipped higher as surging U.S. stocks looked to pause their ascent. There are still numerous reasons for investors to choose gold and silver as a safe haven. The preponderance to ease further, now being pursued by a host of central banks, will likely provide an element of support.

Silver Market - Most Suppressed Market Of All To Witness A Historic Shortage

Based on several factors, it is eminently possible that we are on the cusp of ignition, of the biggest bull market in financial market history; which in my view, will be focused on “anti-fiat monies” like gold and silver. But nowhere is shortage more likely to occur than in the most suppressed market of all, Silver, where inevitably, the breakout above $50/oz, will commence a new phase in history.

Is The Commodity Market Trend Really Your Friend?

The commodity supercyle might be toast—but that doesn’t mean we won’t experience some wild bear market rallies. Today, you could jump on one of the great opportunities for a lightning fast hit-and-run raid on the commodities market. Commodities have found a patch of blue sky. I don’t know how long it’ll stay open, so let’s bask in the sunshine while we can.

Gold: Not Just Another Commodity, A Safe-Haven in Times of Uncertainty

Mainstream media pundits, economists, and journalists alike love to lump gold in with other commodities. They put it in the same category as oil, copper, wheat, natural gas, and other things that come out of the ground. Gold historically attracts capital flows in ways that these other commodities do not. Gold is a superior safe-haven asset to own in times of financial duress and uncertainty.

For Commodities Forecast: Follow This Sneaky Indicator

The purchasing managers’ index (PMI) forecasts future manufacturing conditions and activity by assessing forward-looking factors. When a PMI “cross-above” occurs—that is, when the monthly reading crosses above the three-month moving average—it has historically signalled a possible uptrend in crude oil, copper and other commodities.

Gold Prices Nearing a Secular Support

The long term chart of gold shows that we are very close to secular support, which goes back several decades. Old resistance becomes support, so the 1980 and 2008 peaks will be acting a strong support. Moreover, support coincides with the psychological level of 1,000 USD. In sum, we believe the downside is limited. We have reached huge support areas in 3 leading assets.

Get Ready for Commodity Liftoff: Global Manufacturing Just Made a HUGE Move!

We believe the real commodity liftoff should occur when the U.S., Europe, China & global PMIs all score above a 50.0, with the one-month readings above the three-month trends. Of those regions, China is the only one whose reading still trails below the 50.0 level. It’s crucial that China’s PMI move above 50.0, as the Asian giant is the top driver of global commodities demand.

Have Commodities Reached an Inflection Point?

Most commodities, including crude oil, metals and grains, are priced in U.S. dollars. They therefore share an inverse relationship. When the dollar weakens, prices tend to rise. And when it strengthens, prices fall, among other past ramifications. We might very well have reached an inflection point for commodities, which opens up investment opportunities.

Do Rising Gold Prices Signal an End of the Commodity Bear Market?

Is gold leading the broader commodities sector higher? To reiterate though, the commodity bear is not over yet. But keep your eye out for signs that the trend is turning around. Getting in at the end of big bear markets is always the most profitable time to invest. The recent performance of gold stocks is firm evidence of this.

Which Commodities Are Most Levered To A Chinese Crash

A key drawback of this larger and more integrated role in commodity production is that lower commodity prices are now far less stimulative for China than they would have been several years ago. Yet, lower prices in commodities, other than copper, are likely to reinforce weakness in some of the key Chinese heavy industries centered on commodity production.

The Fed Is Bluffing... Interest Rates Won't Rise in 2015

The minutes of the most recent Fed meeting showed Yellen and team still won’t pull the trigger on interest rates hike until certain unspecified conditions are met. Well, guess what… Conditions will never be met. Commodities are plumbing record lows – most notably oil and “Dr. Copper,” widely seen to signal a deteriorating economy worldwide. That’s why Ms. Yellen is reluctant to raise rates.

Grab 20% In Two Months Or Less, As Dr. Copper Gets Well Again

For copper the elevator down accelerated after the metal lost the $3 mark. Sagging demand in China & Europe was the final nail. But this is where your opportunity comes into play today. Something’s different this time. Copper bears are capitulating. A stealth rally is in the works. And it could net you 20% gains in no time.

Despite Oversupply, Oil Rallies on Currency Moves

Domestic oil inventories still stand at near-record levels for this time of year in at least 80 years. Because oil remains in oversupply, the recent rally owes a lot to currency moves. We might be seeing a dollar reset, which should finally give oil, gold, copper & other important commodities – the much-needed breathing room.

A Hard Look At Gold via 7 Technical Charts

Looking at gold from different angles chart-wise, gold looks like its nearing a make-or-break level. Gold and silver miners are also consolidating near their support level dating back to 2002. Inflation expectations are also nearing a breakout / breakdown point. Soon we will know more about the true state of the global economy.

Palladium - The Only Precious Metal You Should Own Right Now

Palladium turned out to be the top-flying metal last year— while gold and silver were both grounded. While gold seems stuck near $1,200 & silver falling from its January highs, palladium has jetted off its lows and has just broken above key resistance, reaffirming its status as the highest-flying precious metal on the market.

Oil Slump Says ‘No’ to Recovery Story - Eric Sprott Was Right

Cheaper oil prices don’t just come ‘out of the blue.’ Other commodities used for raw materials, construction & economic growth, have been languishing too. Real median incomes remain stagnant since the Great Recession. These are all signs that the recovery we are seeing is mainly asset inflation brought on by cheap debt, not economic growth.

Calls for Platinum Squeeze – We’re Early But the Trend Will Play Out

Platinum gets a lot of analyst interest and there was a lot speculation about a potential supply squeeze in platinum and palladium last year. Yet there was no breakout. When it comes to the platinum shortage — same as with the zinc and uranium shortages — it may take months or years to actually play out for various reasons.

Gold And Silver The Best Performing Assets In Volatile January

Gold (+8%) and Silver (+10%) are leading the way higher perhaps a reflection of reflationary and flight to quality trades being put on. Not all commodities were higher though. However, somehow we doubt anything will be said in the mainstream media about January’s two best performing assets in USD terms either: silver and gold.

Commodity Trading Giant Exits Physical Gold On Lack Of Physical With Documented Origin

Gunvor was one of the few large commodity firms that handles precious metals. Why Gunvor chose to discontinue its gold trading? As per Bloomberg, “executives decided to abandon the gold trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented, one of the people said.”

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