Hi Guys look at that pretty surge up in all commodities like silver and gold .....SPGCI is commodity index.
based on my last analysis look at that how i sent you buying signal in commodities ....i have said you maybe 10Y yield and DXY is reaching resistance and we likely to see bounce in commodities here you are enjoy and please share and boost let them know what...
In review of Goldman Sachs commodity index on a weekly time frame, price action from the year 2000- 2008 is regarded as an impulse that is recognized on the chart as an A, followed by corrective price action resulting in a triangle formation (ABCDE) from the year 2008 to 2020, end of which is marked by B. As the principle of market structure highlights the...
Looking at the Goldman Sachs Commodity Index and how the prices went up dramatically from the Covid lockdown, i would say that there is still room for a final rally, before a major correction in 2024.
The chart is self-explanatory.
Looking forward to read your opinion about this.
There are extensive fundamental comments, context, and observations in the prior commodities pieces linked below. The 2022 Midyear Conclusion was that commodities were making an important top and that I intended to be a better seller of weekly perspective strength over the last half of 2022.
For most of the last 20 years commodities have been trapped in a wide...
Looks very much like 2008 Peak. Should see bottom in April 2023. Need to expect that PM Commodities will outperform afterwards but now staying on short side.
In part one, we discussed using a market momentum matrix to anticipate the business cycle, the potential inflection in the macro environment and shared the final distillation of the current momentum matrix. In part 2 we discuss how the MACD oscillator is used to build the matrix.
Methodology: Individual markets and ratios are plotted in the quadrant that best...
It's fairly simple to chart how the next 2 months are going to play out.
Dems flooded the market with strategic reserves just in time to save Midterm Elections.
Given OPEC+ decision to reduce supply, a monkey could have seen a bounce in OIL and commodities.
Conveniently a low was put in to end September which means this months CPI print will be lower.
It won't...
Commodities: In January I reviewed the long-term technical and fundamental positions of the big four: Bonds, Equities, Commodities, and the Dollar. Those pieces are extensive in terms of both fundamental and technical outlooks and are linked for your review.
January Conclusions: The trend from the pandemic low is higher, mirroring the economic recovery. But,...
Note that this is not a trade recommendation but simply illustration of a particular approach. There are multiple reasons that I wouldn't execute this particular idea at this time, but those considerations are for another post.
Those of you who have followed my work for the last few months know that I prefer simple. The triple screen chart perspective is...
Now that the bear is awake, I am already looking ahead to when Central Bankers of the world will be forced to inflate currencies to keep their respective countries from defaulting and descending into chaos.
Naturally a fake bull market will kick back into gear, and -counterintuitively to the expansion of the money supply- that usually brings about a depreciation...
SP follows a steady trend in history, whereas commodities tends to be more volatile. We usually call it cycle.
If you followed more historical data, you would find a significant two sessions cycle made the equity/commodity curve inching up.
I believe this is the beginning not the end.
(I should publish this earlier, it would be more useful. Now I put it...
Fundamentals:
Central bank is raising rates, easy money is over, this should slow and change the commodity price trend we have been in for the last couple of years.
Quarterly:
- 8 consecutive up quarters as of right now.
- I think a healthy pullback to the trend line breakout area is in the cards.
Monthly:
- Approaching big potential resistance from the last big...
Should this play out, the Resource Sector should outperform the S&P by nearly 16 times.
Time to sell S&P and change to Commodities was the March lows of 2020!!
