Please try another search
Crude oil was trading around $48.60 today the day before the Organization of the petroleum exporting countries meet tomorrow. Crude oil touched off the $50 level last night again before retreating...
OK, OK, it isn’t a “collapse”, but I like alliteration, and I needed a “C” word. Suffice it to say that I’m pleased crude has been weakening since twice hitting the...
Consumers concerned with hot summerNatural gas prices approached on Tuesday the year highs. Market participants worry the demand for electricity may rise this summer amid forecasts of hot spell....
OPEC Meeting ImminentAs we welcome in the first week of June we have an OPEC meeting, Unemployment number on Friday and the Fed meeting on Flag Day and the decision on whether to raise Interest Rates...
After scoring impressive gains earlier this year, gold prices retreated in May.The US dollar strengthened amid new expectations that the Federal Reserve might be more aggressive than expected in...
The Big OThe big OPEC meeting is about to start and already comments from OPEC leaders is impacting oil prices. Yet it might be a warning from the OECD that may actually have more influence on the oil...
Gold trades below 1219.00, which may assist bears to breach 1205.00-1200.00 areas to prove the bearishness along with negativity on moving averages. ADX shows increase in bears’ power and we...
Oil declines along with negative divergence on RSI14 and weakness in uptrend according to ADX reading. Trading below 48.05 is required to affirm the bearishness and we prefer to see oil trading below...
There are seven suitors in the ring for the United Kingdom assets of Tata Steel, but is the Indian steelmaker possibly rethinking selling the unit off and planning to keeping the business?A report in...
As you know, May COMEX gold, which traditionally is a non-event, was anything but this year. Last year, a total of 2,500 ounces stood for delivery; this year the number was 221,000 ounces. The amount...
Technical analyst Jack Chan offers an interpretation of the correction in progress in the gold sector.Gold stocks remain on short-term sell signal, and if we are in a bull market, prices should find...
I guess I might have surprised some with my comments in Current Thoughts yesterday on a bounce now in the precious metals. When I say in my comments certain things, all the other pieces have to fall...
We have already said that negative GOFO (gold forward offer rate) means backwardation in gold. What causes the backwardation and what does it imply for the gold market? Before we answer these...
While I believe gold has experienced a cyclic bottom, gold is pausing here. I have for several months openly expressed my opinion that the advance would be choppy at best. The gold market gained way...
Gold prices bounced off the $1,200 level today, and silver closed right at the $16.00 support. We could see a bounce higher for a few days here or there, but ultimately prices are right on track to...