Although the EIA weekly report showed a larger-than-expected decline in crude oil inventories, the price of the commodity declined sharply after news that U.S. crude oil production increased. Thanks ...
On a weak equity tape today one stock that is popping after their quarterly earnings release is China based Alibaba Group Holdings Ltd. (NYSE:BABA). The company, which was founded in 1999 debuted on ...
Yesterday, the minutes of the Federal Reserve’s June meeting were released. What do they say about the Fed’s stance and what do they mean for the gold market? How can we summarize the ...
Rains Make Grains We kickoff this morning with Export Sales and Initial Jobless Claims at 7:30 A.M. followed with Capacity Utilization, Industrial Production at 8:15 A.M. and EIA Gas Storage at 9:30 ...
Gold's daily cycle low still lies ahead of us. This video discusses how gold-related investments are likely to perform after gold reaches its upcoming bottom.
WTI Crude breaks strong support at 4730/20. As stated yesterday: Because this is important support, a break lower is a sell signal. Be ready to reverse in to a short on a break below 4685 targeting ...
Gold reaches the 1282/83 target as we look for 1287/88 before the 1291/92 Monday high. We then test the all important double top high for this year at 1295/96. Eventually this is likely to be broken ...
Dog Days Oil prices were a dog yesterday as the summer doldrums and rising US oil production failed to inspire the market despite another near record crude oil draw. The market also fell on a report ...
Gold Today –New York closed yesterday at $1,282.90.London opened at $1,288.10today. Overall the dollar was weaker against global currencies, early today. Before London’s opening: The ...
It was not unexpected that the latest try to overcome $1.300 resistance would meet increased selling. However we are optimistic that there will eventually be a bullish breakout from the W-shaped ...
Live Cattle The October Live Cattle contract tried to rally on Wednesday, August 16, 2017, trading up to 109.70 mid-morning before breaking down to the session lows at 108.075. This is just below the ...
The last couple of years and – in particular – the last couple of months were very difficult for gold traders – i.e. they were boring. Despite several huge daily price swings, the ...
Concerning price action with oil falling on very bullish inventories as Trump and the FOMC indirectly boost gold. The official U.S. Crude Inventories delivered last night, announcing a monster ...
On Monday, official data showed that Chinese demand for crude oil declined in July, which together with a stronger U.S. dollar and concerns over a rise in OPEC output weighed on investors’ ...
Gold Rebounded On FOMC Minutes Gold rallied aggressively after the FOMC Meeting Minutes release and now tries to take out a strong horizontal resistance. Price increased as the USD was punished by the...
