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  TRADE PLACER FEATURED ITEMS LIST NEW OPPORTUNITY (FREE)
Name Last Symbol Expire Date Bid Ask  
American Eagle Gold Coin (1 oz.) American Eagle Gold Coin (1 oz.) $1,137.06  GOLD1ozAE-2012/12/31 12/31/14 $1,137.06 $1,319.40 Buy Sell
Canadian Maple Gold Coin (1 oz.) Canadian Maple Gold Coin (1 oz.) $1,137.06  GOLD1ozCM-2012/12/31 12/31/14 $1,137.06 $1,319.20 Buy Sell
American Eagle Silver Coin (1 oz.) American Eagle Silver Coin (1 oz.) $34.08  SILVER1ozAE-2012/12/31 12/31/14 $15.25 $20.46 Buy Sell
Canadian Maple Silver Coin (1 oz.) Canadian Maple Silver Coin (1 oz.) $35.66  SILVER1ozCM-2012/12/31 12/31/14 $15.25 $19.96 Buy Sell
US90% Silver Coins $100 Face (pre1965) (71.5 oz.) US90% Silver Coins $100 Face (pre1965) (71.5 oz.) $1,033.17  SILVER90PC100F-2012/12/31 12/31/14 $1,033.17 $1,277.71 Buy Sell
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  EDITORIALS
  wistia video lead gen test Nate Martin 2014-12-18 16:32:16.0
This post
 
  Latest Economic & Financial Insights Lorimer Wilson 2014-12-18 14:56:00.0
We are bombarded by a cacophony of poorly thought out and poorly written and presented economic, financial and investment "information" every day of our extremely busy and complicated lives.
 
  In The West the Younger People will earn less than their parents MarcFaberBlog 2014-12-18 14:50:54.0
Marc Faber : ?I meant that with respect to western societies and Japan where essentially the younger people ? today's generation ? will earn less than their parents and they will have less wealth.
 
  What In the Financial World Is Going On? A Perspective Lorimer Wilson 2014-12-18 14:49:46.0
Stop wasting your time surfing the internet looking for the latest great articles on a host of economic, investment and financial matters such as:
 
  42 Specific Gold Price Forecasts by Year & Analyst Lorimer Wilson 2014-12-18 14:43:29.0
Over the years only 42 pundits have been bold enough to provide a specific date as to
 
  Gold & Silver Miner Indexes Have Rebounded Nicely ? Is the Bottom Now In? Lorimer Wilson 2014-12-18 14:37:09.0
Gold stocks are now at the tail end of a 4-year bear market and, due to the cyclical
 
  Stock Market Crash Coming? Don't Say You Weren't Forewarned! Lorimer Wilson 2014-12-18 14:30:54.0
For months numerous articles have been posted on this site substantiating why a stock market collapse of epic proportions is in the cards to happen soon.
 
  Thursday's Up-to-the-Minute Gold, Dollar & Stock Market Numbers and News Lorimer Wilson 2014-12-18 14:24:37.0
The best business news channel on television is now available here.
 
  The Price Of Gold And The Art Of War Darryl Schoon 2014-12-18 07:36:55.0
When growth slows in capital markets, the bankers' daisy-chain of credit and debt breaks down; setting in motion defaulting debt which ends in recession, deflation or, in extreme cases, a deflationary depression.
 
  U.S. Gold Production Declined 7% During First 9 Months of 2014 Jason Hamlin 2014-12-18 04:03:29.0
I have long argued that gold would bottom around the all-in cost of production and this would provide price support.
 
  The Best and Worst Precious Metals ETFs Max Chen 2014-12-18 03:57:12.0
Among all that glitters, the palladium exchange traded fund is outperforming while silver ETFs have been the most tarnished in the precious metals group.
 
  Gold Declines to Two-Week Low on Outlook for U.S. Interest Rates Debarati Roy 2014-12-18 03:38:26.0
Gold prices fell to a two-week low on concern that the
 
  U.S. Gold Production Declined 7% During First 9 Months of 2014 Jason Hamlin 2014-12-17 22:47:16.0
 
  Home Remedies for Toothaches, Gingivitis and More martenson 2014-12-17 22:17:03.0
 
  Daily Digset 12/17 - Brazil's Currency Plunges, Chinese Industrial Activity Shrinks martenson 2014-12-17 22:17:03.0
 
  Market Model ciovaccocapital.com 2014-12-17 20:42:35.0
As of Wednesday's close, current allocations are in line with the market's improving, but still mixed profile.
 
  Gold Asset Markets Showing Signs Of Fatigue Gold Silver Worlds 2014-12-17 20:36:22.0
This is an excerpt of the
 
  Infographic: The Many Phases Of Silver Gold Silver Worlds 2014-12-17 20:36:22.0
Silver is the most useful, undervalued, yet essential of all precious metals.
 
  Most Recent Comments Via Twitter ciovaccocapital.com 2014-12-17 20:04:41.0
You can access them
 
  The Day People Will Need Insurance, Gold Will Not Trade At $1200 Grant Williams 2014-12-17 19:58:26.0
This is an excerpt from the latest edition of Grant Williams his newsletter Things That Make You Go Hmm.
 
   LATEST NEWS
  Price of Silver in 2015: Why It Could Bounce Higher Sun, 21 Dec 2014 08:03:06 -0800
Price of Silver in 2015: Why It Could Bounce Higher
 
  Gold News: Forget the Metal, It's Time to Buy the Miners Sun, 21 Dec 2014 07:02:46 -0800
Gold News: Forget the Metal, It's Time to Buy the Miners
 
  China's Fine Wine That's Fit For The Queen Sat, 20 Dec 2014 21:55:43 -0800
A 10-hour drive northeast of Beijing, China's Liaoning Province is frigid and bleak at this time of year.
 
  9 Surprising Ways to Save on Wine for the Holidays Sat, 20 Dec 2014 08:14:23 -0800
Here are some of the best bargains
 
  Price of Gold in 2015: Can It Regain Its Luster? Sat, 20 Dec 2014 08:01:29 -0800
Source Flickr user tao_zhyn. Gold has essentially gone nowhere in 2014 , as spot prices for the yellow metal have barely budged despite plenty of geopolitical and global economic turmoil to charge
 
  Wine Refrigerators Industry 2020 Forecast For Global, China Regions Sat, 20 Dec 2014 08:00:00 -0800
DALLAS, Dec. 20, 2014 /PRNewswire-iReach/ -- This is a professional and depth research report on Global and China Wine Refrigerator industry. For overview analysis, the report introduces Wine Refrigerator ...
 
  B.C.-only wines to come to some grocery stores Fri, 19 Dec 2014 18:01:36 -0800
The province's latest liquor reform will make it easier for wine stores to relocate into grocery stores ? provided they offer only B.C. wines ? but there's no sign the government is rethinking its change to wholesale wine pricing that will sharply drive up the price of more expensive bottles.
 
  Gold Stocks Shine in 2015 Fri, 19 Dec 2014 10:07:19 -0800
Gold stocks have suffered a miserable few years, becoming a laughingstock even among contrarians. But this despised sector?s seemingly-endless downward spiral has left gold stocks vastly undervalued relative to gold, which drives their profits.
 
  The Real Reasons Trader Joe's Wine Is So Cheap Fri, 19 Dec 2014 08:29:08 -0800
Trader Joe's wine is remarkably cheap. A bottle of the grocery store's most popular wine brand, Charles Shaw, sells for less than $3. Also known as "Two-Buck Chuck," Charles Shaw wine comes in multiple red and white varieties, including C abernet Sauvignon, Chardonnay and Merlot. The wine's low price has attracted some criticism. Critics have called it undrinkable and " sugar water ." A wine ...
 
  Gold below $1,200/oz on dollar, shares; heads for weekly loss Fri, 19 Dec 2014 07:46:07 -0800
By Clara Denina LONDON (Reuters) - Gold edged lower on Friday, struggling with the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased on expectations of rising U.S. interest ...
 
  A surprising explanation for why gold isn't rallying Fri, 19 Dec 2014 03:00:00 -0800
Despite a full-blown currency crisis in Russia and increasingly volatile markets here at home, the price of gold has barely budged.
 
  From homemade to Aimee June Fri, 19 Dec 2014 00:50:13 -0800
Like many wine lovers, Gerald and Peggy Peterson?s story began with a thirst for wine and a desire to find quality wine that was actually affordable. As the owners of Aimee June Winery in San Juan Bau
 
  Asian Metals Market Update Thu, 18 Dec 2014 19:54:19 -0800
Indian demand for gold and silver will start to rise from the middle of January. Chinese jewelers and Chinese physical dealers will be hoarding gold and silver for the Chinese New Year in early February. We prefer a buy on sharp dips strategy for gold and silver from now till the end of January.
 
  Getting drunk on wine? There?s an app for that! Thu, 18 Dec 2014 19:33:10 -0800
Picking the perfect bottle of wine at the store or in a restaurant is often a confusing, complicated and potentially embarrassing task, but a slew of new smartphone apps are...
 
  4 Gold Mining Stocks Glimmering Amid the Gloom - Analyst Blog Thu, 18 Dec 2014 08:03:04 -0800
We highlight some gold mining stocks, which have delivered positive returns amid the chaotic circumstances for gold.
 
  Paramount Gold and Silver Corp. (PZG) in Focus: Stock Soars 29.6% - Tale of the Tape Thu, 18 Dec 2014 06:18:02 -0800
Paramount Gold and Silver Corp. (PZG) was a big mover last session, as the company saw its shares rise by nearly 30% on the day.
 
   LATEST FROM BLOG
  How to use the Commitment of Traders Report? Wed, 19 Jun 2013 18:08:00 GMT
The Commitment of Traders report (COT report) is a weekly report, which is issued on every Friday by Commodity Futures Trading Commission (CFTC). This report contains the details of the positions of all the market participants. Every report that comes on Friday contains the data as of the preceding Tuesday.

The role of CFTC is to Commodities Future & Options market what SEC is to equity markets. The COT is a very handy, reliable and important report as it has good deal of data related to the market positions and trends of various trader groups. It is very useful in understanding the current and future market movements.

The structure of the COT report is detailed and it provides data segregated into different trader groups. The three main categories being: commercial traders, non-commercial traders and non-reportables.

Commercial Traders: They are the main players of the Commodity future markets. They are essentially hedgers and their trades are for actual delivery of the underlying asset. They have the largest positions in the markets and are big entities like Producers and users/consumers. They have the best knowledge of demand, supply & market movements etc. and enter into contracts as per their requirements and forecasts.

Non-commercial traders: They are also generally big traders but unlike the commercial traders, their positions are mostly for speculative profits. They enter a position with a view to make money and exit the position long before the due dates.

Non-reportables: This is the smallest group of traders and consists of individuals or other small entities that trade on speculative lines. Their holdings are individually too small to be required to report to CFTC and hence the name.

Over the years, CFTC has been providing the report with the aforesaid three categories of traders. But in the recent years, it has started providing disaggregated reports, further categorizing the traders. The picture below illustrates the disaggregated trader categories.


In the above classification, Swap dealers represent the Pension funds, endowments etc. These funds rather than directly trading in the future markets, work through the services of Swap dealers.

Basics of COT report

The COT report is a very valuable source of information, which can be used to get an idea of the future market movements and accordingly device a trading strategy. Let's take a sample COT report of Gold Futures dated 11th June and try to understand the basic data sets and their implications.

A gold future contract is of 100 Troy ounces and the above report is a part of the COT report on metals issued by CFTC on 14th of June, 2013. The report shows the category wise positions as on June 11th. In each category, the long and short positions represent the number of contracts held. The total open interest shows the sum of all contracts (both long & short), that have neither expired nor settled. From the above data, we can get the following perspectives about the current market conditions.

The total open interest is 373,844, which is marginally up by 783 from the previous week. This indicates a bit higher market participation. The benefit of an increased open interest is that a higher number of transactions take place increasing the liquidity. At the same time it also indicates better market conditions for trading and may be a sign of trend reversal.

The net position of Producers/Merchants category is still on the bearish side but compared to last week it shows increase of 3,251 in long contracts. Remember that this group has the best knowledge of the markets and they are bearish with slight movements towards bullish side of the fence. This movement towards long position may be short term or long term. Now if we look at the data of past few weeks, we will observe that there is a gradual increase in the long position of this group. The total extent of their short positions has been decreasing over the time. This may indicate a positive outlook for gold in the future.

The swap dealers reflect the same approach as far as the net position is considered.

Managed Money traders have a contrarian position. This may be due to the longer time frame that they generally target, eliminating the reflection of short-term market sentiments in their position.

Other reportable and the non-reportables are generally market followers. They are mostly in a position opposite to that of commercials. One thing that you should always avoid is to follow the trend of non-reportables.

The current COT report can further be compared to the past data and more inferences can be deduced. For example, if you compare the open interest with past data, you would see that it has been falling and has dropped quite low. Also this drop has somewhat stabilized over the past few weeks and it seems to be bottoming up. This indicates that a strong level of support for the gold prices may have been achieved and there are pretty good chances of a trend reversal.

Some takeaways

Now since you have some understanding of how to use COT report, you must keep the following points in mind while using it.

COT report comes with a time delay of 3 days. This is a dampening factor to the uses of the report in framing intraday and very short-term trade strategies.

The data content is excellent and reliable. This makes it a great source of getting market insights.

Further derivations of the COT report in the form index creation or indicators etc can further add to its utility.

Use other tools in combination with COT insights to validate your analysis.

COT report as such is of great value. No wonders why CFTC has to give in to the demands of weekly reports from the market participants, rather than the bi-monthly report that it used to provide in the past. That's all as of now. Happy trading!!!

From quantshare.com

 
  Gold and Silver Speculator Long Positions Wiped Out Fri, 26 Apr 2013 21:17:00 GMT
Small speculators, also known as individual investors, have had their net long positions in gold and silver completely wiped out over the last two weeks. As of last Tuesday, these small investors held a mere 133 net long gold contracts, and 2163 net long silver contracts. As recently as September, when we turned cautious on the metals, small speculators held over 60,000 net long gold contracts and 20,000 silver contracts. If the small speculators were to sell anymore gold and silver, they would become net short.





Typically commercial banks manipulate prices on low volume to set the price and then trade at the newly set price in volume. The recent crash in gold and silver began after hours on a Friday, and was hit further by large sell orders Sunday night to take out the well known technical support lines of both metals. Most small retails investors were probably not even contacted by their futures broker. By the time they checked their account the next Monday Morning, either their protective stop orders were triggered or the margin clerk forcefully closed their position. The snowball effect in margin calls and stop loss orders was great enough to last several days.

None of this is surprising. However, we were quite surprised to see that net short positions of commercial traders rose substantially during this period. Typically they would be expected to cover their short positions at lower prices, mopping up the losses of retail investors.

This reveals several important changes to the gold and silver markets:
1) It took an enormous number of short positions added to move the market even on a weekend.
2) The gambit failed, as they were not able to cover these positions in volume after the dump. Nevertheless, as we have been expecting for several years, the commercial traders will be net long before the metals make new highs. But if they can't cover at lower prices, they will begin covering at higher prices as we saw when silver rose from $20 fall 2010 to $50 in spring 2011.

We suspect that the failure of the gold gambit is largely due to the unexpected surge in GLOBAL demand for physical metal. Premiums on bullion products are higher than they were during the 2008 crash, with even junk silver selling at $5-$6 over the paper spot price. This is unprecedented.





The consolidation in gold and silver over the last two years has been painful, especially for mining investors. However, with the prices of the metals at or below production costs, along with shortages of retail bullion products, and zero net long small investors, we are struggling to identify any more sellers. The summer season is typically weak for precious metals, and they could easily back and fill a base over the next six months, however the risk in accumulating physical metals in this price range is very low. We also believe that producing miners with cash holdings represent substantial value at this time.
 
  Caution Advised in Gold and Silver Sun, 02 Sep 2012 02:35:00 GMT
Gold and especially silver have succumbed to a long a demoralizing correction over the last 12 to 18 months. The summer doldrums likely marked the bottom of this correction, and the metals have turn the corner higher. However, both gold and silver investors will likely have their resolve tested once again in the coming weeks before the metals are able to break higher.

Precious metals (GLD, SLV), and mining equities surged from their 2008 lows to their 2011 highs in reaction to massive monetary intervention, and an initial surge in inflationary expectations. Although interest rates have remained near zero, and real interest rates are clearly negative, precious metals investors have been disappointed by the ongoing global stagflationary wealth destruction, and the failure of further intervention by policy makers. The Federal Reserve has admitted that the US economy is weaker than desired, yet it has also continually disappointed in announcing a new quantitative easing as it seeks political justification.

The last two years of global policy makers kicking the can down the road, in conjunction with weaker demand from India, has created the environment for a severe correction in gold, silver, and miners. While it hasn't been the most severe in terms of percentage loss, it has likely been the most severe in terms of sentiment. With Europe, India, China, and the US all decelerating at a rapid pace, and the US fiscal cliff returning the political forefront, we believe that we are months away at the most from a turn in monetary policy. Verbal intervention has run its course, and real monetary intervention is a mathematical certainty.

Gold miners(GDX) bottomed in May, and are leading the metals. They are now overbought and could face a sharp correction before breaking out.



Gold and silver may already have begun pricing in future intervention, however commercial banks are not yet on board with the breakout in gold and silver. Net commercial short positions in both gold and silver, at a time when prices are near resistance levels and overbought are indicating that a short and severe correction could be imminent.



Silver has had an especially large spike in commercial short positions over the last three weeks.







The current commercial short positions in silver and gold must be reduced before the metals can break higher. In other words, commercial banks must cover the majority of their short positions. While they could cover as prices rise, history suggests that the most likely scenario is for the commercial banks to take down the price and cover at lower levels. This correction will likely coincide with the realization of a global recession/depression in 2013 and end with the realization of further monetary intervention.
 
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