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Farmer’s Almanac Predicts Snowy Cold WinterYes, the Farmer’s Almanac is forecasting a snowy November and a February that will make you shiver with arctic bitter cold. That makes for a long...
Monetary or Oil PolicyThe oil trade will be torn between trying to follow monetary policy or oil policy. Do you believe that OPEC and non-OPEC members can agree to freeze production or do you believe...
Negative Headlines couldn’t change the tone for the September Crude Oil contract on Tuesday, August 16, as weakness in the US Dollar lends its support to price. The Nigerian oil minister said he...
Trading volume continues to disappoint, and direction is lacking.Hopefully, most of you are still enjoying the summer vacation. We haven't seen this type of summer doldrum trade for quite a while. In...
At least according to a European Union official familiar with the Union’s steel sector plans, says Reuters.The E.U. is certainly ramping up the pressure. This year, alone, the European...
Today the price of Brent crude oil consolidated above the psychologically important level of $48 per barrel. The instrument is supported by calls from the biggest exporters to freeze production...
While the SPDR Gold Trust (GLD (NYSE:GLD)) is having a solid day of trading today, there is some developments that should be of concern for you traders holding a long position in it.Now, I'm not...
Severe Storms and Flash FloodingThe weather outlook is not very good to our friends in the South, where damaging storms are impeding the efficient use of community resources to meet Mother...
Common market logic tells us that silver is considered a shelter and a physical asset that traders can rely on during economic, financial and political crisis. Silver is typically viewed as a hedge...
The US dollar is coming under severe pressure against the Japanese yen this morning. That’s good news for gold. This is essentially a financial train wreck. This is the daily chart of the dollar...
Most of the old idols of Rock and Roll are withering away. Many of my generation are trying to keep the memory alive though. Old groups are touring and tribute bands popping up with a following. Paul...
WTI Crude has hit resistance at 4580/85. Exit longs & try shorts, with stops above 4615. A good chance we turn lower from here to resume the bear trend, targeting 4535/30 then minor support at...
1. ISIS Losing Oil RevenueAccording to Iraqi news reports, ISIS has lost a significant amount of the oil revenue it used to count on. Before losing control of oil fields near the city of Tikrit, it is...
Global stock markets continue to rise as we noticed last month. Stock markets have already made up for their losses following the U.K.’s decision to leave the European Union.This recovery...
Crude oil prices wavered last week, finally ending the week higher with WTI closing above USD 44 /barrel and Brent at USD 46.97/barrel. Prices for crude dropped on Wednesday, only to bounce back by...