Commodities Analysis & Opinion

This week’s rally in gold, spurred by the combined effects of a weaker US dollar and tensions in Yemen which saw the precious metal touch a high yesterday of $1219.50 now appears to be running...

Gold prices are higher, hit a four-week high and have pushed above what was psychological resistance at the $1,200.00 level Thursday. Several factors are working in favor of the gold market bulls,...

China should increase its gold holdings to around 5 percent of its total foreign exchange reserves to help diversify currency risks, the World Gold Council (WGC) said.China currently holds about 1.6...

Two weeks ago I wrote about two harmonic patterns playing out in the Gold chart here. At the time, the bearish Deep Crab had retraced 78.6% of the pattern and was still sinking. The bullish Shark had...

Gold has spiked up and it is trading above its upward trend line on a 4 hour time frame. The price has pierced the Bollinger band and it is trading away from its 20 day moving average which translates...

While Yemen contributes less than 0.2 percent of global oil output, its location puts it near the center of world energy trade. The nation shares a border with Saudi Arabia, the world’s biggest...

Today’s recorded high at 17.40 represents the technical objective of our yesterday’s recommendation and silver is to resume the bullishness over intraday basis once it clears 17.50...

Respecting our proposed bullish scenario, the metal has soared above the psychological level of 1200.00 as seen on the provided daily chart. Clearing 61.8% Fibonacci level is a very positive technical...

Leading into the Federal Reserve March monetary policy meeting last week investors dumped gold sending it to a 4 month low, while at the same time trades went long dollars on expectation the Fed would...

Yesterday the US Dollar fell after disappointing US durable goods orders for February. A weaker dollar makes commodities denominated in US dollars cheaper for holders of other currencies, typically...

EIA Inventory ReportThe EIA Petroleum Report came out today and the report was pretty bearish. Much worse than the API Report released the night before. Of course, Oil was up on the report, in fact...

The big shift in energy means the Internet of Everything is creating competitive energy markets. It means new knowledge available from a tsunami of data available about our energy use. It means new...

Gold for Thursday, March 26, 2015Throughout last week or so gold has shown some life and reversed by moving strongly off the support at $1150 up to a two week high just shy of the key $1200 level. It...

Talking PointsGold prices jumped on cautious FOMC statement, rising further on subpar economic data U.S. Durable Goods Orders & New Homes Sales missed the mark while annual inflation fell...