Commodities Analysis & Opinion

An absolutely horrific week for markets with any attempt at a bounce being sold hard with much of the weakness occurring overnight in the futures, which makes it very dangerous to try to trade at the...

Gold appears to have completed its daily cycle low. It needs to rally violently to $1140 in the next couple of days or this will just be another bear market rally.

It is no secret the mining industry is in trouble and has been in trouble for several years. The acquisition cost for precious metals, especially gold and silver, have been at rock bottom since mid...

Weekly Large Trader COT Report: WTI Crude Oil CFTC COT data shows speculator’s pushed oil bets lower WTI Crude Oil Non-Commercial Positions: Futures market traders and large oil speculators...

Weekly Large Trader COT Report: Gold Gold speculative positions rose last week to +44,718 contracts GOLD Non-Commercial Positions: Gold speculator and large futures traders sharply added to their gold...

Crude Oil is breaking down into a fifth wave of decline which also needs to be made by five subwaves. For now that's not the case yet from 31.77 swing so trend for energy market remains down for 29-28...

The fledgling rebound in the precious metals complex suddenly reversed course. Since the intraday peak last Thursday, gold stocks (N:GDX and N:GDXJ) declined about 13% while gold lost $1100/oz and...

After achieving a daily closing below 1080.00, gold slammed through moving averages 20 and 50 as seen on the chart. ADX shows decrease in bullishness, while RSI trades near 50.00, which force us to...

I consider the gold/GYX ratio (the price of gold relative to the price of a basket of industrial metals) to be the ultimate boom-bust indicator. With monotonous regularity, the gold price trends...

It’s been another volatile week for the markets, which has kept investors very much on edge and unsure about what surprises the weeks ahead will bring.In many ways, this has been a week of...

On August 5 last year I forecast that oil would hit $32 or a bit lower by January.And it’s happened right on cue! Along with iron ore and coal (down 70%-plus), oil has been one of the...

On the face of it, China’s record iron ore imports last month suggest the uptick in prices during the month wasn’t an aberration.But even though December’s strong import figure of...

While most of the energy sector focus is on oil (/cl), it’s the gasoline futures (/rb) which are nearing the next big level. Zooming out to the monthly chart on /rb, we see that price has...

Record Supply and Record ImportsOil was a tale of two stories, record demand and record imports. Oil had rallied after China reported record demand and the U.S. reported record petroleum products in...