Commodities Analysis & Opinion

For quite a while, we have been talking about scarcity in gold. The cobasis for both October and December is positive. These contracts are backwardated. The cobasis for the February 2016 contract is...

Talking Points: Oil lingered near fresh low as global oversupply persisted. Copper demand absorbed the weak yuan shock. Gold steadied on China’s demand though the rally faded. This morning the...

Copper price, a good proxy of global economic activity, is printing fresh 6-year lows. Buyers hope that a rebound from the low end of the price channel will occur (chart). 2.57 is the first long-term...

In this update we are only going to look at one chart, because I don’t want to dilute its impact by including anything else. There are many other charts supportive of a positive outlook for the...

Market fundamentalists tell us that prices convey information. Yet, while our barbers and hairdressers might be able to give us an extended account of why their prices have changed in the last few...

Having closed higher the past week, further gold bullishness is likely though hesitating on Friday. However, beware of a mild price pullback. Support comes in at the 1,110.00 level where a break will...

Back in April I wrote a post titled, “How to trade like Stan Druckenmiller, George Soros and Jim Rogers.” It centered on a quote from Druck that really gets at the key to his incredible...

GLD – on buy signal. SLV – on buy signal. GDX – on buy signal. XGD.TO – on buy signal. CEF – on buy signal. The big trend remains down although we may see another...

The entire gold-mining sector was crushed last month, suffering a full-blown panic. This was triggered by an extreme shorting attack on gold by American futures speculators. As fear-blinded traders...

A Russian saying goes “nothing is more permanent than temporary”. At the Federal Reserve, “transitory” may mean “permanently”, or could also mean “we have no...

Weekly Large Trader COT Report: WTI Crude Oil CFTC COT data shows large speculator oil bets fell to +225,843 net contracts WTI Crude Oil Non-Commercial Positions: Futures market traders and large oil...

Weekly Large Trader COT Report: Gold Gold speculative positions rose last week to +32,442 net contracts GOLD Non-Commercial Positions: Gold speculator and large futures traders slightly edged their...

The price of oil in North America is in a free-fall: The price of WTI is below $42 and a barrel of WCS (Western Canadian Select or heavy crude produced from tar sands in Alberta and Saskatchewan) can...

With so much focus on the level of Chinese oil imports, impending US LNG exports, and India's rising coal consumption, it goes somewhat by the wayside that Japan is one of the largest global consumers...