Commodities Analysis & Opinion

Oil trades around moving averages despite the negativity on ADX and RSI, but oil trades in a sideways manner between 43.20 and 45.25. Trading above 44.00 is positive, but the negativity on technical...

Earlier this week, the deal in which China Molybdenum Luoyang Co (HK:3993) agreed to pay Freeport-McMoran Copper & Gold Inc (NYSE:FCX) $2.65 billion for FCX’s African copper assets reaffirms...

The popular belief is that gold is a good hedge against inflation. Owning gold will protect you from rising prices. Is that true?Most people define inflation as rising prices. Economists will quibble...

Gold Main scenario:The pair is trading along a sideways trend between support 1260 and resistance 1269.An uptrend will start as soon, as the pair rises above resistance level 1269, which will be...

Gold price as expected has bounced towards $1,270-80 area. Price has reached the first important short-term resistance at the 38% Fibonacci retracement of the decline from recent highs. This upward...

Yesterday the market was surprised by API Crude Oil Inventories that showed a strong build – the largest surge in a month. With crude inventories rising by 3.5mm barrels (when no change was...

A week ago, gold rose towards key resistance. The resistance is defined by the 2013 price point of $1320 and the 2015 price point of $1307. It reached about $1306. As it did, I called the market a...

Tom Cloud provides a precious metal update that includes the distorted economic data as well as his take on the huge short positions against gold and silver. Tom also covers the platinum market and...

June Crude Oil rallied yesterday as attacks by Nigerian militants continued and estimates on the amount of oil production shut down in Alberta rise.Attacks on Nigeria’s oil region are causing...

The EIA crude oil report is tomorrow, but under any interpretation of the API numbers the bulls will still be waiting for their big drawdown. It looks like we just keep replacing US production with...

Forming a top can be quite the process. Some cycles seem to drag out as bulls and bears fight for control. This cycle has topped, but there are still late comers (bulls) trying to buy, and volume is...

I have certainly enjoyed silver's run up so far this year. But for reasons that I will explain, I'll be “adjusting my attitude” soon – at least for a little while. Granted, betting...

Today, Rockstone Research published an update on Umbral Energy Corp. (CSE: UMB) as the company announced earlier today to have acquired a second lithium project in the US, this time in Nevada and only...

The International Sugar Organization (ISO), assuming average growth in global sugar demand, forecasts a looming world production deficit of more than 6 m tonnes over the next two seasons. It also...