Commodities Analysis & Opinion

The Democratic Republic of Congo (DRC), a big, lush, mineral-rich country in the heart of Sub Saharan Africa, currently produces roughly 6% of the world’s copper (approx 1 million tonnes per...

GoldWEEKLY MOVING AVERAGESThe April gold futures contract closed at 1168. The market closing below the 9 day MA (1237) is confirmation that the weekly trend momentum is bearish. A close above the 9...

On Friday, March 6 the US jobs report hit the wires. Equities were trading higher in premarket, and during the previous session we had seen a strong sell-off followed by an equally strong high-volume...

Domestic corn supplies crept lower due to increased export expectations in today’s World Agriculture Supply and Demand Estimates (WASDE) report. Global corn production was lowered due to...

First published Sat Mar 7 for members of ElliottWaveTrader.net: At the end of last week, I outlined to you the bearish set up in place for the metals. In fact, I noted how this set up would be...

Most investors currently view South Africa’s platinum industry with a huge amount of scepticism. Platinum stocks on the Johannesburg Stock Exchange have been shedding value in an environment...

I’m hard pressed to remember a time where the morale of the Western gold community was much lower than it is now.Regardless, some very good technical and fundamental news for gold enthusiasts...

Crude oil fell more than 60% in the last 6 months and is now consolidating in a tight range, probably looking for another big move. Crude is trading around $50.80 and as we can see on charts, it is...

Goldbugs are a serious crowd and rowdy at times. In fact I probably upset at least a dozen of them from the title alone. Let me dare to go further though. Gold has done nothing but move in a broad...

LONG TERM TREND: BEARISH INTERMEDIATE TERM TREND: NEUTRAL SHORT TERM TREND: BEARISH VERY SHORT TERM TREND: BEARISH A much stronger than expected Non-Farms Payroll number of 295,000 saw gold crash...

Oil Futures is still struggling around the correctional upside trend line set from the significant trough of 43.60 as seen on the provided daily chart.Some kind of bounce has been witnessed yesterday...

Silver has plummeted once again below 61.8% Fibonacci retracement of the above seen upside wave at 15.89. Trading remains stable below Linear Regression, but the RSI14 is presently touching the...

Gold has failed to take out the initial resistance of 1172.00 where 76.4% Fibonacci of the above seen wave exists; whilst the daily closing below it warns of extending the bearishness. The clue for...

Can the Russian Economy Weather the Storms Ahead?Poor Commodity Prices Hamper Russian Economic GrowthLow gas and oil prices continue to be a thorn in the side of the Russian economy. During the month...