Commodities Analysis & Opinion

Talking Points: US Dollar Resumes Advance After Brief Consolidation S&P 500 Digesting Following Largest Drop in 6 Weeks Crude Oil Extends Losses, Gold Slides to 3-Month Low US DOLLAR TECHNICAL...

One way to verify rosy official data--GDP growth, low unemployment, etc.--is to compare it with data that is less easily gamed: for example, energy consumption. Those seeking a realistic snapshot of...

GoldWEEKLY MOVING AVERAGES The April gold futures contract closed at 1168. The market closing below the 9 day MA (1237) is confirmation that the weekly trend momentum is bearish. A close above the 9...

For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand will exceed supply. It seems to me that this view is backward–the decline in...

This article is an update of Gold’s Obituary, published back at the end of October 2014. Nothing has changed since that forecast, except the passage of time to arrive at where we are today....

It's time again for my weekly gasoline update based on data from the Energy Information Administration (EIA). After rising 43 Cents in the five previous weeks, last week's price rise was minimal....

1. Copper Marginal Cost Percentiles The 90th percentile cost of producing copper is currently roughly $2.25/lb, it’s interesting that this level also coincides with the 200-month moving average...

Even if the price of WTI crude was relatively unchanged on the week, Brent slipped 3%. We can nevertheless say that the volatility seen in energy prices over the last few months appears to be...

The sugar market in NY closed the week last week at a fall pressured by a weaker Brazilian real. Take a look at the level July/October and October/March spreads traded at. They closed at 57 and 102...

Oil prices fell from the middle of last year through mid- to late-January. They have been broadly sideways since. The April light sweet futures contract has been largely confined to a $48-$55 range....

Brent, H4Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current Kumo-cloud has reversed from...

Palladium had some very successful weeks recently, climbing up to above $830. Last week the precious metal fell by $20, but it seems this was just another buying opportunity for the bulls. How high...

Silver remains stuck in a bear market and looks set to make new lows soon, for the same reasons as Gold: gathering deflationary forces and continued unwinding of the global carry trade leading to a...

Gold did almost exactly what we expected in the last update, it bounced from oversold off the support at $1190 - $1200, only to break sharply to new lows on Friday, crushed by the strength of the...