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Gold in need of a further correction to ease overbought conditions, and holding below 1362 retests first support at 1355/54. Be aware that there is less chance of this level holding today. Longs need...
WTI crude hits our selling opportunity at 4100/10 with stops above 4145. However, please note the bounce we were looking for on Tuesday unfortunately occurred a day late. We have a close above the...
By Claudio GrassIn the past few months, we have witnessed a series of defining moments in our political history, with Britain’s vote to Brexit, (several) terror attacks in France and Germany, up...
Today’s upside reversal action comes on the heels of a bearish Inventory Report, and from a new low in the vicinity of important, intermediate-term support at $38.90, which represents the 50%...
Massive oil imports prevented a large draw in oil inventories this past week, but this has been consistently happening all summer long. Watch for "Other Oil Products" as net we still had a build in...
GoldAs suggested yesterday, gold touched year highs before retracing. It needs to catch up with the moving averages and to digest the move that we saw over the last few days. I'm watching it carefully...
American's have a saying about an '800-pound gorilla' in the room. It refers to a person or organization so powerful that it can act unilaterally. The British have an expression about an elephant in...
When The Dollar Can’t HelpYou know demand fears are running high when a break in the dollar does not help support crude oil prices. Global meltdown fears are rising as stocks fall for the eighth...
Key Points: Gold breaches bearish weekly trend line. $1372.60 December 2015 high looms. Medium outlook remains bullish. Gold futures have continued their trend of closing higher, with the precious...
GoldGold has comfortably gotten to year highs without any hiccups. It continues to be strong. I expect a correction here and I'm out of my longs. I'm still long-biased but would be buying a dip from...
This past week has been one of the best for gold, which has followed a strong bullish trend with minor pullbacks. The last update on gold was published 1 week above when it was trading on the $1325...
Gold price has broken through resistance and is testing previous highs at $1,375, with increased chances of a new higher high towards $1,400. However, gold bulls should be very cautious as we observe...
For the Western gold community, the main theme for 2016 continues to be, “let the good times roll!” VanEck Vectors Gold Miners (NYSE:GDX) just raced to yet another new high for the year,...
I read that I can’t eat gold as I munched on my 401(k) sandwich and guzzled my IRA wine, which tastes like a cheap Chardonnay. For a side dish I ate blanched twenty dollar bills and consumed a...