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Tag: Commodities

Metal Analysis Report 2-4-19…$1330 In Sight – Part 2

February 4, 2019 Published by

About one week ago, I talked about Gold and how the next level gold was going to was the $1330 daily supply level.

Metal Analysis Report 1-26-19…$1330 In Sight

So after basing for the last three weeks, gold finally broke out and closed above the pivot high. Next stop $1330…but this is only the 1st stop.

Gold finally hit the daily supply at $1330 and as the chart suggested, is pulling back.

“We are big gold believers here. Now gold is at $1,300, we think gold is going to $1,400-$1,500. We suggest that everybody have a little bit of

Silver is the Key to Gold $SLV $GLD $SIL

February 4, 2019 Published by

Following up to my $GLD post earlier today I want to touch on silver. Silver is a riskier asset which usually leads Gold (up and down) and outperform gold (up and down). Lately silver is playing catch up and not necessarily leading, however it is sitting at a very precarious spot.

Silver  broke down below the lows of 2017 unlike gold. Silver then rebounded back into the wedge what I believe is shaping up to be a “failed breakdown”. These are very powerful signals.
If silver can get above 17.25 i believe it is going to propel all commodities higher and into

Silver is the Key to Gold $SLV $GLD $SIL

February 4, 2019 Published by

Following up to my $GLD post earlier today I want to touch on silver. Silver is a riskier asset which usually leads Gold (up and down) and outperform gold (up and down). Lately silver is playing catch up and not necessarily leading, however it is sitting at a very precarious spot.

Silver  broke down below the lows of 2017 unlike gold. Silver then rebounded back into the wedge what I believe is shaping up to be a “failed breakdown”. These are very powerful signals.
If silver can get above 17.25 i believe it is going to propel all commodities higher and into

Has Gold Finally Made the Long Awaited Bullish Turn? $GLD $GDX $NUGT

February 3, 2019 Published by

After almost a decade of waiting, has Gold finally made the turn? Gold has been in a bear market since topping before 2012 and has done noting but CHOPPED everyone up since 2013. As you can see the price has made it back to 2013 levels here over 1300. So where does it go from here?

Gold has made continuous higher lows since the bottom in late 2015. Following this there have been multiple substantial sells that price has absorbed such as Brexit, the Trump Election, and the volatility stretch and spike that occurred last year. Gold was stretch multiple time

Has Gold Finally Made the Long Awaited Bullish Turn? $GLD $GDX $NUGT

February 3, 2019 Published by

After almost a decade of waiting, has Gold finally made the turn? Gold has been in a bear market since topping before 2012 and has done noting but CHOPPED everyone up since 2013. As you can see the price has made it back to 2013 levels here over 1300. So where does it go from here?

Gold has made continuous higher lows since the bottom in late 2015. Following this there have been multiple substantial sells that price has absorbed such as Brexit, the Trump Election, and the volatility stretch and spike that occurred last year. Gold was stretch multiple time

Metal Analysis Report 1-26-19…$1330 In Sight

January 27, 2019 Published by

I last posted about Gold two weeks ago,

Goldman Sach Just Jumped On The Wagon

Goldman Sachs Group Inc. is leading a pack of bullish voices cheering for gold. The bank’s analysts led by Jeffrey Currie raised their price forecast for gold, predicting that over 12 months the metal will climb to $1,425 an ounce — a level not seen in more than five years.

Gold had an amazing day, increasing a little over $18 on Friday. Gold finished the day above $1,300 again at the highest since June. As you know, Gold is a safe haven, so the recent shutdown issues

Goldman Sach Just Jumped On The Wagon

January 14, 2019 Published by

About one month ago, I noticed what looked like a smiley face…a bottoming pattern forming on Gold.

Metal Analysis Report 12-7-18…Do You See What I See???

YES, YES, the chart is suggesting price is forming a bottom and also broke the daily down trendline last month.

Then three weeks later, I noticed some bullish unusual option activity on Newmont Mining.  But more importantly, the bottoming pattern was confirmed by the specific pattern that I look for in reversals.

 Unusual Options Activity In Newmont Mining

Then a week later Jim Cramer jumped on the bandwagon. CNBC’s Jim Cramer said on his show, Mad Money that

Palladium Is On A Roll

January 12, 2019 Published by

Palladium is widely used in three-way catalytic converters in car exhaust systems. Palladium is also used jewelry and in dental fillings and crowns.  Another common use for palladium is in multilayer ceramic capacitors. These are an important part of common electronics equipment such as cell phones, laptops, fax machines, etc. Palladium is also used in connector plating for a number of electronics.

If a US-China trade war deal can be reached, Palladium will likely increase in price from a Chinese plan to introduce policies to boost domestic spending on items such as autos and home appliances this year. 

Not only will

All Eyes This Weekend On…..Soybean Prices – Part 2

January 11, 2019 Published by

I last spoke about Soybeans one month ago,
All Eyes This Weekend On…..Soybean Prices
However, China has canceled all shipment of beans from the U.S. causing the prices in the soybean futures market to drop to the lowest price in a decade. China brought in 6.92 million tonnes of soybeans in October, with 94% of that volume coming from Brazil. The US soybean farmers will have their eyes and ears glued to the TV hoping some type of agreement is reached.
However, if a deal is made and if price breaches the 9210 level, there is nothing stopping price from getting

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