Commodities Analysis & Opinion

In the beginning of March copper prices had been consolidating, as China's economic woes meant that it was in less demand for construction. But it started to rally last Friday, as investors rushed for...

Just as Wall Street says the U.S. is running out of room to store oil, it turns out there’s another 20 million barrels of empty space. Where? Right at the top of the tanks. A supply glut has...

Gold Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1188, which will be followed by reaching resistance level...

For the last several weeks, I have provided you, and, sometimes even entertained you, with my perspective of a very evil pattern to play out in the metals. Such a pattern was supposed to test the...

I’ve been waiting for precious metals to close up their gaps. Gold has come close enough for me to take action, so I shorted (ARCA:GLD) earlier this morning and I’ve put 114.85 in place as...

On March 20, 2015, global gold price discovery changed. Transparency was introduced to the London gold market, as the new “LBMA Gold Price” was launched.In my professional opinion, the...

It was a reversal of fortune for the ARCA Gold BUGS this week as statements and testimony from the Federal Reserve and Chairman Janet Yellen reversed gold’s downward momentum while sending the...

While many point to the Federal Reserve as the tide that raises all boats, the ships carrying commodities have all but sunk over the last couple of years. Silver (via iShares Silver Trust (ARCA:SLV))...

LONG TERM TREND: BEARISHINTERMEDIATE TERM TREND: NEUTRALSHORT TERM TREND: BULLISHVERY SHORT TERM TREND: BULLISHIn our previous blog entry we noted that we expected gold to bounce from the lows...

Oil has moved to the upside aiming to clear the 38.2% Fibonacci retracement of the above seen wave. MACD has finally crossed over bullishly indicating further bullishness towards 50% level at 48.30. A...

Silver continued to move to the upside re-attacking the key Fibonacci level of 38.2% after taking out the upper line of the downside channel. Technical indicators are definitely positive and that...

Respecting our intraday bullish scenario, gold has moved again to the upside approaching the key resistance zones of 1198.00. In the interim RSI14 continued to inch higher along with stability above...

In viewing the daily chart for oil, several analogies come to mind. Perhaps the best and most descriptive is of an old tramp steamer, wallowing in heavy seas and increasingly taking on water in a...

CLCrude oil futures soared on Monday, as the euro continued its steady rally against the dollar upon expectations of an interest rate hike by the Federal Reserve at some point this year. Crude future...