120-year chart shows commodities have never been this undervalued
Frik Els | August 11, 2021 | 5:00 pm IntelligenceMarketsVideoAustraliaCanadaEuropeUSACopperGoldIron OreLithiumNickelPlatinumSilverUranium Image: Codelco via Flickr In its Q2 wrap-up, commodities investment house Goehring & Rozencwajg Associates (G&R) poses the question: Natural resources – Uninvestable assets or unprecedented opportunity? To help answer the question, the Wall Street firm put together a 120-year chart comparing commodity prices to the Dow Jones Industrials going back to 1901. Despite the uptick in metals and mineral prices over the past year, there is still a yawning gap and “real assets have never been as undervalued relative to financial assets,” according to the authors. The chart shows other major bottoms
How Options Are Fueling The Markets
In the past week, we have seen the Nasdaq and the S&P reach all-time highs. Since the covid crash, we have seen some massive movement to the upside. I believe there are several factors driving these markets up. First, let’s look at the covid crisis and how it played a role. As a result of the shutdowns, the FED took a really aggressive stance with its quantitative easing measures. Lots of money printing to pay for massive stimulus payouts. The worse news we hear historically is that the markets will react sharply to the downside. In this market, they did
Price Scenarios After Recent Fall – A Deeper Look At Where Gold Could Go Next
Chris Vermeulen sits down with Charlotte McLeod of Investing News Network to discuss where gold could go next. Are recent price moves forming a bottom before the next leg up? Will critical support levels hold? Or will we see a whole number measured move to the downside? Also on the table for exploration: Range-bound silver – will it break out soon? What sectors are the leaders now versus last year? How do I make money as a purely technical trader? Find out how your child can become a digital entrepreneur with URLYstart. “Chris and his team are providing investors with a great road
Panic In The Precious Metals Market – Sprott Money Precious Metals Monthly Projections – August 2021
Precious Metals – in particular Gold and Silver – have recently hit their respective Fibonacci 100% measured moves to the downside. At the same time, both also reached critical support levels where they may remain close to for a while. Host Craig Hemke of Sprott Precious Metals Projections sits down with Chris Vermeulen of The Technical Traders to break down all the charts you need to prepare for the month ahead. In this edition of the Precious Metals Projections, you’ll hear: Predictions for the USD, Precious Metals, and US Stock Market. What the flash crash of Gold and Silver earlier this week
Global Markets Start The Week Very Volatile – Metals & Oil Collapse, Part II
In this, the second part of our Market Volatility research article, we’ll take a look at how Precious Metals, the US Dollar, and the US major markets have moved into a sideways price trend which supports a pending future volatility event. The big “mini flash-crash” in precious metals on Monday, August 9, may have been an early warning that the markets are shifting away from past expectations and moving towards a new post Q2:2021 reality. Let’s continue exploring these trends. JR GOLD MINERS NEED TO HOLD SUPPORT NEAR $43 Stay tuned to the end of the interview to hear about
Gold And Silver ‘Flash Crashed’ On Monday – Where Will They Go Next?
Chris talks with David Lin on Kitco News about Monday’s ‘flash crash’ of Gold and Silver and where they might be heading next. Though still in a confirmed downtrend, it is possible that as each of these commodities hit their 100% Fibonacci measured move, they have put in a bottom from which to begin a trend reversal. One has to wonder though, will a big change in the US Dollar and/or Stock Market prompt a rally in metals? Stay tuned to the end of the interview to hear about Chris’ new URLYstart venture into the world of youth entrepreneurship! “Chris and his team are
A Volatile Start To The Week For Global Markets – Metals & Oil Collapse, Part 1
Overnight, on Sunday and early Monday, Precious Metals and Oil started a fairly big collapse which quickly bottomed and recovered – at least in the Precious Metals markets. Crude Oil is still moving lower in early trading on Monday, August 9, 2021. Can we learn anything from the pre-COVID market trends and extrapolate any real-world analysis from this? PRECIOUS METALS “MINI FLASH CRASH” SURPRISES MARKETS THIS WEEK “Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you
Junior Gold Miners Setup A Double Bottom – Looking For A Rally Off These Unique Lows
The Junior Gold Miners ETF (GDXJ), fell to lows near $43.06 recently, which matched the low from the end of March 2021, near $43.24. Although these lows are not exactly the same, the span of time between these unique lows and the very close nature of them makes them a Double Bottom setup. It is very likely that this support level will prompt a new upside price rally in Junior Miners targeting $50 to $52 or higher if the support level near $43 continues to hold. “Chris and his team are providing investors with a great road map for the
NQ Rallied To New All-Time Highs – Are We Starting Another Bullish Rally Phase?
After the Fed’s comments in support of the US economy and the transitory nature of the recent inflation, the NASDAQ rallied to new all-time highs and closed at $15,167.75 on August 5, 2021. If the markets fall back into the “melt-higher” mode as we move away from Q2:2021 earnings, we may be setting up for a moderately big rally phase targeting $15,400 or higher in the NQ. GLOBAL TRADERS CONTINUE TO BANK ON A RALLY IN US EQUITIES Global traders have poured billions into the US markets over the past 4+ years as the US Federal Reserve has continued to
Are We Ready For An August Surprise?
“One thing that seems to be certain in the markets right now is the past hyper-bullish trending which appears to have weakened since early 2021. As a result, the longer-term Custom Indexes we use to help gauge and understand market trends are showing a very clear weakening of trends. In this article, we are going to review three of our custom index charts on a weekly chart basis, the Custom US Stock Market Index, the Smart Cash Global Market Index, and the Custom Volatility Index. Each of these charts highlights something unique related to current market trends. Use this information
The Warrant Report For The Week Ended July 30, 2021
My big news for this week is that our new service, SPAC Warrant Index is now available for those investors interested in investing in and/or trading the warrants or the SPACs. Please see our website for complete details and pricing. Gold was little changed for the week and in Monday’s pre-market we are at 1812.50 and silver at 25.50. Adam Hamilton in the article below, Gold stocks autumn rally, part 6, gives us reason to be optimistic: “One reason gold investment is likely to improve soon is August sees strong autumn-rally seasonals. I’m updating that research thread for a new essay
Here’s who wins and who loses from the surge in commodity prices
Bloomberg News | July 30, 2021 | 3:04 pm EnergyIntelligenceChinaUSAOil & Gas Image: Shutterstock The world’s recovery from the coronavirus pandemic has sent prices for energy, metals and food soaring, helping big commodity exporters while hammering those nations that buy the bulk of their raw materials from others. Commodities as a whole have risen more than 20% this year, and around 50% in the case of crude oil. The Bloomberg Commodity Spot Index is at a decade high and heading for its fourth-straight monthly increase. Big Oil companies and miners, awash with cash, are returning billions of dollars to shareholders through dividends and buybacks.
Gold stocks’ autumn rally (part 6)
Adam Hamilton – Zeal Intelligence | July 30, 2021 | 11:03 am IntelligenceMarketsGold Stock image. The gold miners’ stocks were whacked hard earlier this summer on a Fed-rate-hikes scare. That serious anomaly really damaged sentiment, spawning exceptionally-weak seasonal performance in this contrarian sector. But the bruised gold stocks and the metal they mine have trudged through, making it back to the start of their traditional strong season. That begins with robust autumn rallies that usually start marching now. Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year. While seasonality doesn’t drive price action, it quantifies
Goldman recapitulates $5 a pound copper price by end of 2021
Frik Els | July 30, 2021 | 11:24 am IntelligenceMarketsCanadaChinaEuropeUSACopper Green copper. Image: Glencore via Instagram In a new research note, Goldman Sachs says the copper price is “poised for the next leg higher” as short term headwinds fade and fundamentals point to a significant demand boost further out. Goldman says the copper concentrate market remains very tight, creating a bottleneck for primary metal production in China, reinforcing its projection for a significant 430,000 tonne refined deficit in the second half of the year. Goldman projects a 200,000 tonne deficit next year, and also halved its projected surplus for 2023 to 129,000 tonnes
Cerevel Therapeutics Announces Redemption of Public Warrants (NASDAQ: CERE, CEREW)
Cerevel Therapeutics (Nasdaq: CERE; CEREW) (the “Company”), a company dedicated to unraveling the mysteries of the brain to treat neuroscience diseases, today announced that on August 30, 2021 at 5:00 p.m. ET, it will redeem all of its outstanding public warrants to purchase shares of the Company’s common stock that were issued under the Warrant Agreement, dated as of June 9, 2020, by and between the Company (f/k/a ARYA Sciences Acquisition Corp II) and Continental Stock Transfer & Trust Company (“Continental”), as warrant agent. Each such public warrant may be exercised by the holder thereof to purchase one share of the