Commodities Analysis & Opinion

Earlier this week, I had the pleasure to appear on Jim Puplava’s Financial Sense Newshour radio program and discuss the state of the gold market. Along with my peers John Doody of the Gold Stock...

Oil prices steadied above $67 a barrel in choppy trading on Thursday as the market shook off concerns surrounding the overall glut of crude in the Atlantic Basin.The focus turned to last week’s...

Wheat sales reported in the black this week after two consecutive weeks of reductions due to cheap prices and a lower US dollar. Corn sales decreased to a marketing-year low and soybeans sales...

For the most part, the price discovery in energies was muted by mixed data. The soft Euro Zone and Chinese data was joined by worse than expected US retail sales putting a negative spin on demand side...

Crude oil is trading sharply above its upward trend on a 4 hour time frame. This confirms that the upward trend is robust and the bias remains towards the upside as long as the price stays above this...

US Dollar weakness and soft US economic data has helped propel gold back towards the top of its trading range in the last couple of days and that resistance level could now come under serious...

Wheat same levels apply for today with first resistance at 483/484, but above here strong resistance at 491/492 is a selling opportunity. Try shorts with stops above 494. An unexpected break higher,...

Soybeans first resistance at 964/965 could hold a move higher but above here a selling opportunity at 970/971. Shorts need stops above 975 today to target resistance at 979/980.Failure to beat first...

According to a recent report from the Freedonia Group, worldwide demand for copper is expected to advance 4.7% every year to 37.2 million metric tons in 2019. It also says the Asia-Pacific region is...

Crude Oil managed to show a net draw from the Cushing storage facility, in a move that has the markets in a tizzy. Crude Oil inventories showed a net draw of 2.19 million barrels, suggesting that the...

The silver bulls have been patiently waiting, but now have been given their chance to charge, and charge they did. Silver was up over 3.5% on the weak US economic news, and has now broken out of the...

This chart of the day refocuses our attention back to Crude Oil prices. In a recent article, I discussed Oil's crash, extreme oversold levels and recent bottoming attempt.One of the most important...

CLCrude oil prices dropped in Asia on Thursday as strong production outlooks continued to dominate market views with few signs of a surge in demand. Crude oil dropped 0.58% to $60.15 a barrel....

Phillips 66 (NYSE:PSX) was spun off from ConocoPhillips (NYSE:COP) in 2012 and has done swimmingly since. That is until oil prices started to head lower in July 2014. Since then the stock moved lower,...