Metals

Archive for Metals – Page 11

Junior Gold, Silver, or Uranium Stocks

Newsletter writer Stewart Thomson addresses the question: Should investors own junior gold stocks, junior silver stocks, or junior uranium stocks?

With the U.S. government’s new and righteous backing of nuclear energy (fission for now and ultimately fusion), gold and silver stock enthusiasts may wonder if they should be adding some yellowcake stocks to their portfolios.

First, a bit of background on the CDNX venture market, where most of the world’s junior resource stocks trade. There’s no ETF (one was tried back around the year 2006, but it failed), so investors need to focus on the individual companies.

Here’s a look at the daily chart:

A significant breakout from a broadening pattern is in play and the target is a nice one, at 900. The long-term monthly chart is even more stunning, and here it is:

The target of this massive H&S pattern is at least 1500 and as high as round number 2000. Given the amount of time that has gone into it, it’s reasonable to expect the CDNX to reach much higher prices, even, perhaps, an all-time high.

Note the key Stochastics oscillator at the bottom of the chart. During regular rallies, an overbought situation is an amber light for investors.

In contrast, when the price is rallying towards a key breakout point, overbought Stochastics adds weight to the upside scenario.

When it comes to yellowcake (uranium) stocks, it’s difficult to find ones with a lot of liquidity on the CDNX. Most of them are on the bigger TSX. The good news is that there are many juniors there too.

Here’s a look at Sprott’s URNJ junior uranium stocks ETF chart:

Investors who are new to the uranium sector should consider starting with the ETF and adding individual stocks from there. Denison Mines Corp. (DML:TSX; DNN:NYSE.MKT) is an experienced uranium player, with a stock price junior investors will like.

Here’s the chart:

Most of the junior uranium stocks look poised for 50%-100% gains. For gold, an interesting play is Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS).

Here’s a look at the bio for the company’s no-nonsense president:

The good news is that the chart looks as enticing as the robust management team indicates it could be:

It looks like Michelangelo sculpted it!

The target is at least the highs near 80 cents, and the breakout looks solid.

Silver?

Well, here’s my take on Santacruz Silver Mining Ltd. (SCZ:TSX.V; SCZMF:OTC; 1SZ:FSE):

If I had to pick just one CDNX silver stock to buy right now, well, I couldn’t.

There are many of them leaping up from massive base patterns and that’s just one of many reasons the CDNX index charts look so fantastic!

Special Offer for Streetwise Readers: Please send me an Email to [email protected] and I’ll send you my free “CNDX Ten Baggers: The Time To Buy Is Now!” report. I highlight stocks with breakout gaps, big volume, solid projects, great management, and rock-solid investor tactics to play the action!

I write my junior resource stocks newsletter about twice a week, and at just $199/12mths it’s an investor favourite. I’m doing a special pricing this week of $169 for 14mths. Click this link or send me an email if you want the offer and I’ll get you onboard. Thank-you.

Important Disclosures:

Stewart Thomson: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Stewart Thomson Disclosures

Stewart Thomson is no longer an investment advisor. The information provided by Stewart and Graceland Updates is for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple properly licensed, experienced and qualified investment advisors and get numerous opinions before taking any action. Your minimum risk on any investment in the world is: 100% loss of all your money. You may be taking or preparing to take leveraged positions in investments and not know it, exposing yourself to unlimited risks. This is highly concerning if you are an investor in any derivatives products. There is an approx $700 trillion OTC Derivatives Iceberg with a tiny portion written off officially. The bottom line:

Are You Prepared?

Financial News Metals

26 May

Gold Halts Rally as US Signals Willingness to Discuss Trade Terms with EU

By RoboForex Analytical Department

The price of gold fell on Monday to $3,346 per troy ounce, pausing its recent upward trend as investors assessed the implications of a phone call between the US and the EU.

Key factors driving gold’s movement

Demand for safe-haven assets weakened after US President Donald Trump announced plans to delay proposed 50% tariffs on European goods. While he had initially intended to impose the levies from 1 June, he set a new deadline of 9 July to allow time for negotiations with the European Union.

However, trade risks persist and remain a focal point for markets. Last Friday, Trump warned Apple Inc. that its products could face 25% tariffs if iPhones are manufactured outside the US.

Gold had surged nearly 5% last week amid escalating trade uncertainty and growing concerns over the US economic and fiscal outlook.

Adding to market apprehension, Trump’s new tax bill – already passed by the House of Representatives and now awaiting a Senate vote – could expand the US budget deficit by nearly $3 trillion over the next decade. A final vote is expected by August.

Technical analysis: XAU/USD

On the H4 chart, XAU/USD found support at 3,280 before rallying to 3,364. A corrective pullback towards 3,255 is possible today, followed by a potential upward move to 3,388. This scenario is supported by the MACD indicator, whose signal line has exited the histogram zone and is now pointing decisively downward.

On the H1 chart, the market has completed its local corrective target. A further decline to at least 3,255 is anticipated today, after which another upward wave may develop towards 3,388. Bullish momentum would likely be exhausted at that point, with the entire rally regarded as a correction within the broader downtrend. Once this correction concludes, a resumption of the downtrend may follow, with a potential decline to 3,222 and an eventual extension towards 3,060. This bearish outlook is corroborated by the Stochastic oscillator, whose signal line has dipped below 80 and is trending sharply downward towards 20.

Conclusion

Gold’s rally has stalled as markets digest shifting US-EU trade dynamics, though lingering risks and technical indicators suggest further volatility ahead.

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Financial News Metals

25 May

COT Metals Charts: Speculator Bets led higher by Platinum & Gold

By InvestMacro

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday May 20th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes led by Platinum & Gold

The COT metals markets speculator bets were overall higher this week as four out of the six metals markets we cover had higher positioning while the other two markets had lower speculator contracts.

Leading the gains for the metals was Platinum (8,080 contracts) with Gold (2,772 contracts), Silver (2,288 contracts) and Palladium (2,109 contracts) also showing positive weeks.

The market leading the declines in speculator bets for the week was Steel (-618 contracts) and with Copper (-484 contracts) also registering lower bets on the week.

Metals Data:

Legend: Weekly Speculators Change | Speculators Current Net Position | Speculators Strength Score compared to last 3-Years (0-100 range)

Strength Scores led by Silver & Steel

COT Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is Extreme-Bullish and below 20 is Extreme-Bearish) showed that Silver (79 percent) and Steel (73 percent) lead the metals markets this week.

On the downside, Gold (42 percent) and Palladium (42 percent) come in at the lowest strength level currently.

Strength Statistics:
Gold (42.5 percent) vs Gold previous week (41.4 percent)
Silver (79.4 percent) vs Silver previous week (76.5 percent)
Copper (52.8 percent) vs Copper previous week (53.3 percent)
Platinum (57.1 percent) vs Platinum previous week (38.0 percent)
Palladium (41.8 percent) vs Palladium previous week (25.9 percent)
Steel (73.1 percent) vs Palladium previous week (76.1 percent)

Platinum & Palladium top the 6-Week Strength Trends

COT Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that Platinum (43 percent) and Palladium (18 percent) lead the past six weeks trends for metals.

Gold (-14 percent) leads the downside trend scores currently with Steel (-11 percent) as the next market with lower trend scores.

Move Statistics:
Gold (-14.0 percent) vs Gold previous week (-29.3 percent)
Silver (4.5 percent) vs Silver previous week (-12.0 percent)
Copper (-3.0 percent) vs Copper previous week (-7.9 percent)
Platinum (43.0 percent) vs Platinum previous week (-13.4 percent)
Palladium (17.8 percent) vs Palladium previous week (-19.5 percent)
Steel (-10.5 percent) vs Steel previous week (-9.0 percent)

Individual Markets:

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week equaled a net position of 163,981 contracts in the data reported through Tuesday. This was a weekly gain of 2,772 contracts from the previous week which had a total of 161,209 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.5 percent. The commercials are Bullish with a score of 51.2 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	53.1	20.1	12.1
– Percent of Open Interest Shorts:	16.5	64.3	4.6
– Net Position:	163,981	-197,648	33,667
– Gross Longs:	238,062	90,256	54,053
– Gross Shorts:	74,081	287,904	20,386
– Long to Short Ratio:	3.2 to 1	0.3 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.5	51.2	100.0
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-14.0	12.4	8.6

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week equaled a net position of 50,042 contracts in the data reported through Tuesday. This was a weekly boost of 2,288 contracts from the previous week which had a total of 47,754 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 79.4 percent. The commercials are Bearish with a score of 20.5 percent and the small traders (not shown in chart) are Bullish with a score of 51.6 percent.

Price Trend-Following Model: Strong Uptrend

Our weekly trend-following model classifies the current market price position as: Strong Uptrend.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	50.1	23.9	19.0
– Percent of Open Interest Shorts:	14.7	71.1	7.1
– Net Position:	50,042	-66,779	16,737
– Gross Longs:	70,891	33,798	26,826
– Gross Shorts:	20,849	100,577	10,089
– Long to Short Ratio:	3.4 to 1	0.3 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	79.4	20.5	51.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.5	-3.0	-3.7

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week equaled a net position of 21,038 contracts in the data reported through Tuesday. This was a weekly decrease of -484 contracts from the previous week which had a total of 21,522 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 52.8 percent. The commercials are Bullish with a score of 50.3 percent and the small traders (not shown in chart) are Bearish with a score of 32.2 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	33.6	31.5	6.9
– Percent of Open Interest Shorts:	23.4	42.9	5.7
– Net Position:	21,038	-23,423	2,385
– Gross Longs:	69,015	64,580	14,164
– Gross Shorts:	47,977	88,003	11,779
– Long to Short Ratio:	1.4 to 1	0.7 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	52.8	50.3	32.2
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.0	-1.7	31.5

Platinum Futures:

The Platinum Futures large speculator standing this week equaled a net position of 17,396 contracts in the data reported through Tuesday. This was a weekly lift of 8,080 contracts from the previous week which had a total of 9,316 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.1 percent. The commercials are Bullish with a score of 53.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

Price Trend-Following Model: Strong Uptrend

Our weekly trend-following model classifies the current market price position as: Strong Uptrend.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	61.3	20.8	9.1
– Percent of Open Interest Shorts:	40.1	42.1	9.0
– Net Position:	17,396	-17,517	121
– Gross Longs:	50,293	17,049	7,490
– Gross Shorts:	32,897	34,566	7,369
– Long to Short Ratio:	1.5 to 1	0.5 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.1	53.7	0.0
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	43.0	-21.3	-100.0

Palladium Futures:

The Palladium Futures large speculator standing this week equaled a net position of -8,352 contracts in the data reported through Tuesday. This was a weekly lift of 2,109 contracts from the previous week which had a total of -10,461 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 41.8 percent. The commercials are Bullish with a score of 55.4 percent and the small traders (not shown in chart) are Bullish with a score of 64.5 percent.

Price Trend-Following Model: Weak Downtrend

Our weekly trend-following model classifies the current market price position as: Weak Downtrend.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.4	46.5	11.9
– Percent of Open Interest Shorts:	70.0	8.6	8.2
– Net Position:	-8,352	7,622	730
– Gross Longs:	5,712	9,344	2,386
– Gross Shorts:	14,064	1,722	1,656
– Long to Short Ratio:	0.4 to 1	5.4 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	41.8	55.4	64.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	17.8	-17.0	-6.7

Steel Futures Futures:

The Steel Futures large speculator standing this week equaled a net position of -447 contracts in the data reported through Tuesday. This was a weekly decrease of -618 contracts from the previous week which had a total of 171 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 73.1 percent. The commercials are Bearish with a score of 27.9 percent and the small traders (not shown in chart) are Bearish with a score of 40.8 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend.

Steel Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	27.5	67.1	1.0
– Percent of Open Interest Shorts:	28.7	66.1	0.8
– Net Position:	-447	370	77
– Gross Longs:	10,209	24,861	362
– Gross Shorts:	10,656	24,491	285
– Long to Short Ratio:	1.0 to 1	1.0 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	73.1	27.9	40.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.5	10.1	8.8

Article By InvestMacro – Receive our weekly COT Newsletter

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.

COT Updates Financial News Metals

21 May

Gold Prices Climb Amid Geopolitical Tensions

By RoboForex Analytical Department

The price of gold rose to $3,303 per troy ounce on Wednesday, nearing a two-week high. The precious metal gained for the third consecutive day, following a 2% surge the previous day as investors sought safety amid heightened geopolitical uncertainty.

Key drivers behind the rally

Middle East Tensions: fears of escalation increased over a potential Israeli strike on Iran’s nuclear facilities, which could trigger retaliatory measures from Tehran.

US Political Uncertainty: President Donald Trump’s remarks on peace talks between Russia and Ukraine added to market unease, though he distanced himself from a mediating role.

Dollar Weakness: the US dollar remained under pressure after the Federal Reserve’s cautious economic outlook and Moody’s downgrade of the US credit rating, citing rising government debt.

Trade & Fiscal Policy: investor confidence in the dollar was further dented by uncertainty over trade tariffs and the pending vote on Trump’s proposed tax reforms.

As a result, the dollar’s weakness has made gold more attractive to international buyers.

Technical analysis: XAU/USD

H4 Chart:

The market consolidated near 3,222 before breaking upward
The immediate upside target of 3,312 has now been met
A pullback to retest 3,222 (from above) is likely, followed by a potential rise towards 3,333
MACD Indicator: The signal line remains above zero and points upward, supporting further gains

H1 Chart:

The pair broke through 3,250 and continued its upward trajectory towards 3,333
A short-term correction to 3,222 is expected before another push higher
The current uptrend is viewed as corrective; once complete, a downward wave towards 3,222 may follow
Stochastic Oscillator: The signal line is below 80 and trending downward towards 20, indicating potential near-term weakness

Conclusion

Gold’s rally reflects its role as a haven amid geopolitical risks and dollar softness. While technical indicators point to a temporary correction, the broader uptrend remains intact, with 3,333 as the next key resistance level.

Disclaimer

Metals Opinions

18 May

COT Metals Charts: Weekly Speculator Bets led lower by Silver & Gold

By InvestMacro

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday May 13th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes led lower by Silver & Gold

The COT metals markets speculator bets were decisively lower this week as all of the six metals markets we cover had lower speculator contracts.

The markets with declines in speculator bets for the week were Gold (-1,288 contracts), Silver (-1,498 contracts), Steel (-635 contracts), Palladium (-470 contracts), Platinum (-194 contracts) and with Copper (-181 contracts) also registering lower bets on the week.