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This week's drop in the gold price has spooked many investors, says money manager Adrian Day, who provides his perspective on the volatility. Let's cut to the chase: we do not think the drop in gold...
November crude oil bested the $50 resistance level Thursday, October 6, 2016, reaching 50.63 as traders continued buying in the wake of Wednesday’s EIA report which showed crude oil inventories...
“We’re not going to play a winning hand every day.” John PaulsonWe don’t want stocks ripping everyday or that means the end is near. Stocks continue to base and act fine along...
This video discusses the completion of gold's intermediate cycle and looks ahead to future price performance in both gold and miners. I thought I would add this chart. When you think about it...
Is the WTI oil rally ready to bust, or is this the beginning of a boom?OPEC’s pledge to trim output quickly changed the short-term landscape of the crude oil market but it probably didn’t...
Good Morning!As Matthew marches on residents in Florida, Georgia and the Carolinas are on alert and are warned not to try and weather this storm. Following Matthews onslaught, Tropical Storm Nicole is...
It’s been a heck of a year for precious metals. Through 3 quarters this year, gold, silver and the miners were out-performers.HOWEVER, those good vibes have been lost on investors during the...
Oil is Working its Way Up a Price Channel on the 5-Minute Chart Oil is working its way up a confirmed price channel on the 5-minute chart. In the channel’s critical decision wave, oil returned...
Gold prices plummeted on Tuesday, decreasing 3.3%, breaking a key support level of $1300. A sell-off so considerable hasn’t been seen since the summer of 2015 and much speculation has circulated...
Crude oil prices are just shy of $50.00 as Hurricane Matthew is barreling toward the East Coast. U.S. oil supply continues to fall and OPEC and non-OPEC oil producing nations are getting ready to meet...
The US ISM Services PMI jumped to its highest level in almost a year, blowing past market expectations for a 53.0 read to come in at 57.1. It’s difficult to know exactly why both the ISM...
Gold on big support levelOriginal post
WTI crude topped just 3 ticks from the big $50.00. We are severely overbought now with very minor negative candles. Profit taking therefore is more likely although a big sell off is not expected....
Gold severely oversold short term and is more likely to see a recovery into Friday to target 1273/74, then stronger resistance at 1280/81. We should struggle here today, but further gains in to Friday...