Commodities Analysis & Opinion

At this time of year, with Xmas fast approaching, I am reminded of the classic Yuletide song Silver Bells, composed by Jay Livingston and Ray Evans and first performed by Bob Hope. However, given the...

Copper is Headed to its Red Price Channel Bottom for a Decision on Whether It’s Bottoming or Breaking Out into a Melt-Down Copper is in the critical decision wave of a multi-year price channel....

Silver is down 10 days in the row since we recommended shorting itSource: Bar Chart (edited by Short Side of Long) At the end of October we highlighted the risks on Precious Metals assets. From the...

The Organization of Petroleum Exporting Countries, notably Saudi Arabia, are sustaining efforts to gain energy market share at any expense by trying to expel major producers such as the US, Brazil and...

I’m sure you have read or come across the poem by Stevie Smith entitled ‘Not waving but drowning’, which in many ways encapsulates the oil market at present. The reason is that over...

HAPPY VETERANS DAY!Good Morning! The USDA brought estimates up on total production and per-acre yields from October’s estimates. This sunk the corn futures in yesterday’s action where the...

Any sense of bullish optimism seemed to get lost after the American Petroleum Institute blindsided the market with a reported 6.3 million barrel build in crude oil supply. The number was about 5 times...

Hello traders, no major news in the US today so we expect things to flow in usual manner. Gold has been resuming the downtrend despite attempting to post longer term lows we expected few weeks ago....

All U.S. presidents want to leave a legacy from their time in power.For President Obama, I suspect most people would say his main mission in this regard is creating universal, affordable healthcare....

In the short term, gold and related items have a rough general tendency to decline into the US jobs report, and then to rally in the days (and weeks in some cases) following the release of that...

Gold trades within a narrow range; while yesterday’s bearish attempts have stopped near 1093.00-1094.00. These areas are sensitive and could define the next move along with signs of confusion...

Bearish crude oil is bullish for USD/CAD, so it's not a surprise to see oil prices at new lows after another completed three wave rise near 44.80. We see trend clearly in bearish mode with more...

Oil moves within a sensitive sideways range between 43.60 and 44.80, which may define the next move today and may be over short-term. We will be neutral, as risk versus reward ratio is inappropriate...

The US aluminum industry is going the same way as the UK steel industry we wrote about recently. Faced by relatively higher power costs, higher labor costs, environmental regulations and subsidized...