Commodity Trade Mantra

Posts Tagged ‘Short Gold’

Why A Commodity Trading Legend is Buying Gold and Farmland Ahead of the Next Crisis

“Gold is a Tier 1. It’s a level one asset….” When a commodity trading guru like Dwight Anderson, founder of the iconic Ospraie Management, has something to say on the market outlook, people tend to listen, especially when he’s consigning the last great commodity bull run to the dustbin of history and buying gold and farmland for the next crisis.

Where's Gold Headed? That's Easy! To Goldman's Next "Short Gold" Stop Loss

It took just two and a half months for Goldman to get stopped out of its short gold recommendation, on April 29, when its the price soared above $1,300 breaching Goldman’s stop. Goldman admits being wrong, but still remains short. We sure would love to know just one thing: What is Goldman’s next stop loss, because that is where gold is really headed next.

Is Physical Silver About To Overrun Paper Or Do Old Indicators Matter Yet?

Paper markets have consistently fooled gold and silver speculators like hedge funds into going long or short at exactly the wrong time. But if this is indeed the long-awaited physical take-over of the precious metals markets, silver will not only fail to correct, it will go up faster than gold, bringing the gold/silver ratio down to more historically normal levels.

Ugly-Stepchild To Beauty Queen - Gold ETF Holdings Surge To 18-Month Highs

Gold has “seen some exceptional flows after quite a few years of being the ugly redheaded stepchild, but it’s not moved into sort of beauty-queen territory,” notes one commodity strategist as hedge fund net-long positions are the highest since Feb 2015 and gold holdings in ETPs has soared to 18 month highs. Gold is now heading for a third straight monthly gain.

Gold and the US Monetary Base Signal the Greatest Depression

When the US monetary base gets too big relative to the gold price (& US gold reserves), then market forces seek to correct the situation. The lack of confidence in banks will be a critical part of the coming gold rally. Remember that if we were to get a 100% gold backing of the US monetary base, based on current US official gold reserves, gold would have to be trading in excess of $15 000.

Goldman's Call To Short Gold, 5 Days After Saying Gold May Soar Much Higher

Last Wednesday evening, Goldman decided to be the latest to piggyback on gold’s torrid momentum, by saying “there’s scope for the gold price to extend much higher over time.” Less than a week later, as the gold momentum has been briefly snapped, that Goldman’s head of commodities has decided to take the other side & is now advising clients to short gold.

Hedge Funds Have Never Been This Short Gold

At 1.4 million ounces the market is now in its biggest net short position ever, surpassing bearish positions entered into in July and early August. That was the first time hedge funds were net negative since at least 2006. It’s not just gold that is being swamped by negative sentiment. According to the CFTC, 15 of the 24 commodities tracked turned more bearish last week.

Gold Glimmers as Global Market Fear Grips Investors

When a currency loses value and falls out of favor, gold has tended to benefit as investors seek real assets. Gold prices have then been able to soar, just as we saw in the months following the financial crisis, eventually reaching an all-time high of $1,921 per ounce in September 2011. Gold is again glimmering with safe haven appeal & the Fear Trade, it seems, is in full force.

American Futures Speculators - The Primary Driver Of Gold Is Bullish

Gold’s primary driver in recent years has been the collective positions of American futures speculators. Their hyper-leveraged bets have given them outsized influence on gold prices & today their gold futures bets are very bearish. When this selling reverses into buying, it has the potential to fuel a sharp & major gold rally.

Gold Futures Short Covering Rally

In the past, speculator short covering frenzies have pushed gold high enough to ignite new long-side buying by speculators. If this next short covering gold rally coincides with the lofty US stock markets and/or parabolic US dollar finally rolling over, there will be a big resurgence in gold investment demand way beyond speculator short covering.

Gold And Silver – A Telling View Through ETF Charts

None of the fundamentals are currently reliable for market timing, charts being preferred for that aspect, and even the charts are not indicating the “when” will gold and silver embark on a change in trend. With an overload of news events, a shorter read of what is going on in the markets via the charts makes more sense.

Is The Claimed Gold Really There? – Part II

When gold becomes “important” again, really and truly having it WILL matter. “Trust us” will no longer be good enough, proof will be required. Gold demand will explode either out of financial fear of the actions in paper markets or …it will explode because the revelation is uncovered the “gold really isn’t there”. BOOM…

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