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Storms that started late last week and some farmers in certain growing areas are doing backflips while others did not receive rain that was forecasted and others are concerned with flooding. As I...
Oil prices continue to feel pressure from a rising U.S. dollar and rising rig counts, but the long-term outlook for the global oil market is looking ever more scary. As the oil industry continues to...
Trading position (short-term; our opinion): Short positions (with a stop-loss order at $54.21 and initial downside target at $43.37) are justified from the risk/reward perspective.On Friday, crude oil...
Below looks at a chart of silver prices over the past 8-years. After declining sharply, dilver hit its 38% Fibonacci retracement level twice at (1). After failing to break above Fibonacci retracement...
As a reminder, this Wednesday is one of the year’s eight FOMC days in which, yet again, we sit up and wonder whether (a) the Fed will inch interest rates up a miniscule amount, thanks to the...
Until this past spring, what was the worst performing commodity over the last 10 years? Crude? Platinum? Pork bellies? Not even close. Natural gas. This was supposed to be the commodity of the...
The prices of the metals were down again this week, -$15 in gold and more substantially -$0.57 in silver.Stories continued to circulate this week, hitting even the mainstream media. Apparently gold is...
Crude oil: Multiple support from last year Original post
Gold remains in a short-term bearish trend after topping at $1,375 on July 11th. Since then, the price is steadily moving lower in what seems to be a large-degree correction with the initial target at...
Crude oil has a nice bullish structure on a daily chart where we labeled recent pullback down as wave four of a five wave rise from 26.00. We are quite confident that new highs will be seen very soon,...
This week, PeakProsperity.com's own precious metals analyst, Dave Pare, sits down to the microphone.Better known on the site as davefairtex, he joins Chris to discuss his current outlook for gold and...
Copper prices rose in July on expectations that policymakers’ efforts to spur economic growth will increase demand for the metal.Expectation of a new round of infrastructure spending in China is...
WTI crude oil's key to direction is 4470/90 and we have bounced to 4437 as I write. Holding below 4470 today is a sell signal despite oversold conditions and targets 4405/4395 then 4340/30, perhaps as...
Stocks rested mostly this past week along with markets who continue to setup for another round of higher prices as summer rolls along at a typical fast pace.Metals didn’t do too much either this...
The expression “like sending coals to Newcastle” can be traced back to the 17th century, reflecting the insight that whatever else Newcastle needed in those days did not include coal. This...