Commodities Analysis & Opinion

When silver was trading at $28 back in September 2012, the Power of the Pattern shared the chart below. The patterns suggested that even though silver had already declined a great deal -- from $50 to...

One week passed since Brexit vote and now we can better assess the impact of British decision to leave the EU on the gold market.As we have already reported, there was a knee-jerk reaction in markets,...

Just behind the podium of precious metals (occupied by gold, silver and platinum) is palladium – an important, but often overlooked investment commodity. Like in case of silver and platinum, the...

Crude oil had a legendary drop during the financial crisis. After a strong bounce and then consolidation for 4 years it dropped again in late 2014. Pundits, traders and everyone else was...

Gold has posted gains on Friday, continuing the upward movement which marked the Thursday session. The metal is trading at $1332 per ounce. On the release front, today’s highlight is ISM...

WTI crude good support at 4840 we stated should act as the last line of defense for bulls and this has held as we bottomed at 4824/17 then. Now trading well above 4840 but strong resistance at 4875/80...

I think we are beginning or nearing a new bull market in gold. I made my first buy of physical gold this month in the mid $1000 area. If gold continues to fall I plan to average down; and if it rises...

Gold first resistance at 1320/22 of course. A break higher is likely to re-target quite strong trend line resistance at 1328/29. A break above here however should be more positive and targets only...

The open interest in silver is close to the new all-time record high – set just last week – and gold’s open interest is at the same level as 2011 when gold hit its all-time high in...

Short term Elliottwave structure suggests cycle from 6/9 peak remains alive as a double three where wave W ended at 45.83 and bounce to 50.54 ended wave X. Wave Y lower is in progress with the...

In our silver forecast, we look at the drastic rally during the session on Thursday, as we are clearly above the $18 level. With this, I now believe that the market will find plenty of buyers, and the...

Corn is trading quite nicely, making a nice impulsive structure from the highs, which can be near completion, as price is trading in the final wave (v). We believe that price can make a temporary...

In the recent past, I cited the CFTC COT (Commitment of Traders) report’s record open interest by large specs and record short open interest by commercials as a possible negative for gold...

Gold Price Forecast 2017/2016Gold is currently trading in excess of $1300 an ounce. This is well above the 1980 all-time high. However, this is an incomplete representation of what gold is trading at...