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Gold / Silver / Copper futures – weekly outlook: November 24 – 28

Investing.com -

Investing.com – Gold prices rallied to a three-week high on
Friday, after China’s central bank unexpectedly cut interest rates
for the first time in more than two years.

On the Comex division of the New York Mercantile Exchange, gold
futures for December delivery rose to a session high of $1,207.60 a
troy ounce, the most since October 30, before settling at $1,197.70
by close of trade, up $6.80, or 0.57%.

On the week,
gold prices

rose $12.10, or 1.01%, the second consecutive weekly gain.

Futures were likely to find support at $1,173.90, the low from
November 19, and resistance at $1,216.50, the high from October 30.

Gold prices rose on news that the People’s Bank of China cut its
benchmark one-year deposit rate by 25 basis points to 2.75% and
trimmed its one-year lending rate by 40 basis points to 5.6%.

The move came in response to recent signs of a slowdown in the
world’s second-largest economy.

Gold can benefit from such an environment of easy money because of
expectations that ample liquidity would put a damper on the value
of paper currencies.

Meanwhile, European Central Bank President Mario Draghi reiterated
on Friday that the central bank is ready to expand its stimulus
program to raise inflation and inflation expectations as quickly as
possible.

Draghi also warned about weak growth in the euro zone, saying that
no improvements are expected in the coming months.

The ECB’s current stimulus program includes purchases of
asset-backed securities and covered bonds, though markets are
keeping a close eye out for plans to

Article source: http://www.nasdaq.com/article/gold-silver-copper-futures-weekly-outlook-november-24-28-cm416368

Ebola Could Trigger a Rebirth in Gold and Silver Prices

The Gold Report interviews Eric Sprott and John Ciampaglia.

The Gold Report: Deutsche Bank warned in a recent note that the Ebola virus could impact commodity markets, including gold and cocoa, as it spreads to producing countries in West Africa, particularly Ghana and Mali. In a recent article titled “Ebola, The Tipping Point,” you mourned the unnecessary loss of life and predicted 5% less global production next year than this year. Could a lack of supply due to Ebola-related closures really cause the price of gold to rise?

Eric Sprott: There is already a shortage of gold and silver in the markets without a corresponding increase in the price. I wrote an open letter to the World Gold Council questioning its data on China. If you believe the Shanghai Gold Exchange data, China consumes more than 2,000 tons (2 Kt). In 2011, it consumed only about 1 Kt. In the last two years, China has bought an extra 1 Kt gold—25% of a 4 Kt market. If any country came in and bought 25% of the oil market, the wheat market or the orange juice market, the commodity price would not go down. Obviously, the physical gold market is not manifesting itself in the price changes.

“There is already a shortage of gold and silver in the markets without a corresponding increase in the price.”

We also see that in silver. Last year, Indians bought an extra 18% of the silver market, yet the silver price declined. That’s because the

Article source: http://investorplace.com/2014/10/ebola-could-trigger-a-rebirth-in-gold-and-silver-prices/

This strategy will protect you in a crisis… and help you make a fortune when it’s over

From the Stansberry Research Interview Series:

Today’s idea is a little different.

It’s not a trading strategy… an investment idea… or a personal wealth tip (Although, as you’ll see, it can help with all of those things).

Rather, it’s a way of looking at the world – and more specifically at how people behave. Sharing this concept is Brian Hunt, Editor in Chief of Stansberry Research. Below, he explains how this simple mental model can help relieve stress… protect you from a crisis… and make you a fortune in the aftermath…

Stansberry Research (SR): Brian, you often you say if investors realize people are crazy, they’ll see a big improvement in their performance. What’s the story?

Hunt: One of my top guidelines for investing – and life – is that “people are crazy and life is absurd.”

Knowing this can help you reduce stress. It can give you a great new perspective on life. It can also help you become much better at navigating the financial markets.

Know this concept and you’re ahead of most every investor in the world.

SR: How so?

Hunt: The biggest reason is that you learn not to be surprised by market events that seem crazy or unusual to a lot of people.

“Crazy” market events happen far more often than you might think. They happen far more often than finance professors tell you they can.

When you approach the market with this in mind, you don’t expect the market to behave rationally… which is a huge

Article source: http://thecrux.com/this-mental-model-will-protect-you-in-a-crisis-and-help-you-make-a-fortune-afterwards/

Doc Eifrig: New research says this surprising food could be weakening your bones… or worse

From Dr. David Eifrig, MD, MBA, editor, Retirement Millionaire: 

That glass of milk might be weakening your bones. According to a new study published in the British Medical Journal, drinking more milk is not associated with a lower risk of fractures. To the contrary, it was associated with higher mortality in both men and women among participants in the study.

Researchers followed 61,433 women and 45,339 men for an average of 20 years and recorded their fractures, mortality, and how much milk they consumed per day. They found women who drank three or more glasses of milk per day did not have fewer fractures than those who drank less. But here’s the killer… the mortality rates for men and women participating in the survey increased with each daily glass of milk consumed.

The researchers believe the cause for the higher mortality may be galactose, a sugar found in milk that increases inflammation. As I’ve written before, inflammation is linked to many diseases, including heart disease, diabetes, and arthritis. These findings call into question the age-old prescription of drinking more than one glass of milk a day to prevent fractures.

More research is needed, but I’d recommend no more milk than the amount for your coffee per day or a bowl of cereal. If you need extra calcium, try adding other calcium-rich foods to your diet like spinach, kale, white beans, and some fish like salmon or sardines.


Recommended Links


Article source: http://thecrux.com/doc-eifrig-this-surprising-food-could-be-weakening-your-bones/

Worried about the market? Take a look at these stocks immediately

From Dr. David Eifrig, MD, MBA, editor, Retirement Milionaire: 

There’s a lot of worry in the market right now.

People are worried about Europe going into recession. They’re worried about a Chinese slowdown.

But one area of the market is a sure bet to keep growing. It’s a sector that has made my readers a lot of money… and will continue to make them money for decades to come.

That sector is health care…

For years now, I’ve urged readers to buy health care stocks. The reasons are simple…

Aging Baby Boomers will keep health care demand high. Plus, Obamacare will create huge demand for all kinds of medical services. As I’ve said before, I’m not a fan of Obamacare… but I know the resulting health care boom means we have to be invested in health care for the long term.

Put simply, the market expected business to pick up as Obamacare added newly insured customers to the system. And that’s exactly what happened. About 7 million people have registered for insurance under the new health care regime, and another 2 million are expected to join next year.

That has driven health care stocks ahead of the market. Take a look:

For instance, one of my favorite medical stocks, which I’ve mentioned here before, is Medtronic (MDT). I first recommended Medtronic in Retirement Millionaire in February 2011. Since then, it’s up more than 80%. And I expect that number to continue to grow…

Medtronic is

Article source: http://thecrux.com/doc-eifrig-worried-about-the-market-take-a-look-at-these-stocks/

Silver ALERT: This could be your best opportunity in years

From Chris Kimble at Kimble Charting Solutions:

CLICK ON CHART TO ENLARGE

Bullish wicks at support can be create nice buying opportunities. A month ago, Premium Members took advantage of bullish wicks in stocks and took “Pocket Change Gains” here.

Silver is hitting dual line support, at the same time it is hitting the 23% Fibonacci support off the move from $3 to $50 and looks to be creating a “monthly bullish wick” at this key price zone.

Silver has lost about two-thirds of its value in the past three years. Is the bottom in place? Too soon to tell. This is a monthly chart, so we won’t know the results how how this pattern plays out until the end of the month.

Members picked up SLW two weeks ago yesterday and its been a good run so far. I would be honored to have you as a member, if buying/trading in the metals complex is of interest to you.

If you would like to join, sign up links can be found here.


Recommended Links

If you or anyone you love has faced cancer, this is for you

Doc Eifrig explains the staggering research on a breakthrough that could help END cancer. It has nothing to do with surgery, radiation, or chemotherapy. Click here to learn to learn the six things you must know… and one

Article source: http://thecrux.com/silver-alert-this-could-be-your-best-opportunity-in-years/

This chart says the rout in commodities could finally be over

From InvesTRAC: 

Investors in commodities have taken a hammering this year. Whether it’s the price of precious metals, coal, oil or iron ore, investors have taken a “bath.”

But the worst seems just about over. At least that’s what the technicals are saying.

The InvesTRAC short-term model shows that the OB/OS indicator has just begun to rise with the forecaster showing a rising trend into early February…

The index has ticked up slightly and is encountering the downtrend with a massive divergence in the RSI.

My conclusion is that the worst is over, and that we should now (or very soon) see the hard hit commodity prices lifting off their lows.


Recommended Links

If you or anyone you love has faced cancer, this is for you

Doc Eifrig explains the staggering research on a breakthrough that could help END cancer. It has nothing to do with surgery, radiation, or chemotherapy. Click here to learn to learn the six things you must know… and one opportunity that could DOUBLE your chance of survival.

Hillary’s SURPRISE

She’s one of the most controversial political figures of our time… but there’s a surprising reason why Hillary Clinton could help make many Americans rich if she’s elected president. Click here to see why

Article source: http://thecrux.com/this-chart-says-the-rout-in-commodities-could-be-over/

Gold, Silver Rise to Three-Week Highs on China Interest-Rate Cut

Gold and silver futures rose to three-week highs after China cut benchmark interest rates to support economic growth, boosting demand for precious metals as a store of value. Palladium jumped the most in 14 months.

The rate reduction was the first since July 2012 as the Asian nation heads toward its slowest full-year expansion in almost a quarter century. Russia added to gold reserves in October, bringing holdings to the highest in at least two decades, International Monetary Fund data showed.

The metal has climbed 6 percent after touching a four-year low on Nov. 7 amid increased demand for coins and jewelry, combined with signs that nations are boosting reserves. Central banks may raise purchases by as much as 22 percent in 2014, the World Gold Council estimates.

“People will buy gold as a hedge, since it is clear that China wants to stimulate growth,” Miguel Perez-Santalla, a sales and marketing manager at Heraeus Metals New York LLC, said in a telephone interview. “Also, we are seeing a rise in physical demand.”

Gold futures for December delivery climbed 0.6 percent to settle at $1,197.70 an ounce at 1:36 p.m. on the Comex in New York. Earlier, the price reached $1,207.60, the highest for a most-active contract since Oct. 30. The metal rose 1 percent this week.

Open Interest

Aggregate trading was 56 percent above the 100-day average for this time of day, data compiled by Bloomberg show. Open interest at an estimated 468,051 contracts was the highest

Article source: http://www.bloomberg.com/news/2014-11-21/gold-heading-for-longest-stretch-of-weekly-increases-since-july.html

How to invest for the new Cold War

From The Energy Report:

Are you ready for the next Cold War? Casey Research energy strategist Marin Katusa cautions that Russia and China have forged an alliance with the goal of world supremacy through control of the energy market and Vladimir Putin is winning. Katusa recently penned the book “The Colder War,” and in this interview with The Energy Report, he discusses why investors need to pick companies wisely to profit in this turbulent energy landscape.

The Energy Report: Your book, “The Colder War,” is based on the idea that world domination will come through control of the energy economy, and that Russia is winning the fight. How is Russia using the petrodollar to achieve energy supremacy?

Marin Katusa: Under the leadership of President Vladimir Putin, Russia has reestablished itself as the alternative to the American superpower. Putin has aligned himself with nations like China to work in concert against U.S. interests globally. Furthermore, a new bank formed by the BRICS countries—Brazil, Russia, India, China and South Africa—will attempt to assert itself as an alternative to the International Monetary Fund.

The Colder War will be a long battle, just like the first Cold War, but in the Colder War, judgment day of the petrodollar will be the critical battle. One must understand global politics and the Colder War to be a successful investor in the energy sector.

TER: What is China’s role in this struggle?


Recommended Links

If you or anyone

Article source: http://thecrux.com/how-to-invest-for-the-new-cold-war/

Aluminum: What you should know about the new trend in the auto industry

From Eric Peters at Eric Peters Autos:

You may have read about 2015 Ford F-150, which will have an aluminum rather than steel body. It will be significantly lighter than the same truck made of steel, aluminum weighing a lot less than steel. Even better, while aluminum isn’t forever, it usually lasts really long time. Rusted out floorpans (and beds) are about to become as uncommon as skid marks (all but eliminated be widespread application of anti-lock brakes).

But, all is not pixie dust and unicorn farts – because in the word we live in, there is no free lunch. Steel has its downsides, but so does aluminum. Let’s talk about what they’re not telling you.

First, while the new F-truck is lighter by several hundred pounds (depending on the configuration) it also – surprise – costs more. Base price for the 2015 is $25,420 vs. $24,735 for the 2014. That’s about $700 – which will buy you about 300 gallons of regular unleaded at current almost-reasonable prices (about $2.50-$2.65 in my area as of early November).

Ah, but what about gas mileage? Surely the new – and lighter – truck goes farther on a gallon than the old truck? No doubt. But, how much farther? Enough to make the effort worth the expense?

Ford/EPA have not officially released any stats yet for the ’15 F-truck, but informal testing by journalists (using the truck’s built-in mileage computer) indicates

Article source: http://thecrux.com/aluminum-what-you-should-know-about-the-new-trend-in-automobiles/