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CLCrude oil futures erased earlier gains to trade sharply lower on Tuesday, with oil prices remaining a source of market volatility. Oil prices have fallen sharply in recent months as the Organization...
The gold market has been looking like its edging lower for some time now, and the market has been somewhat bearish as of late. Over the previous few days gold has been tempting to push through the 50...
It's time again for my weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny, Regular and Premium both rose 8 cents. Regular is now up 23 cents...
Well, “old faithful”, the trendline that’s been supporting triple-bearish-ETF "DUST” for the past couple of years, continues to do a yeoman’s job. Although the price...
Gold for Wednesday, February 18, 2015Over the course of the last four weeks gold has drifted steadily lower down to a one month low near the key $1200 level before rallying in recent hours. In the...
There’s quite a debate about the price of a barrel of Brent crude oil. Some experts say it has bottomed and might soon stabilize somewhere above $50 a barrel, but well south of $100. I am not an...
Both Gold and Silver are at Swing PointsNow might be an interesting time for traders and long-term bulls alike to accumulate gold and silver. Technically, we see a pattern of higher lows and a...
When I recently told my subscribers to go into light “sell mode” for gold at $1305, I wasn’t calling a top. After staging an enormous rally of about $130 an ounce, gold had simply...
For the last three weeks, since we struck the most recent highs in the metals, I have been searching for a pattern that provides us greater confidence that we are finally on our way to lower lows....
Gold surged more than 10% in January, but lost a lot of ground on news of continued strong jobs growth. Peter argues that Obamacare is skewing the employment data. To avoid the additional costs of...
Gold prices have dropped on Tuesday, as the metal is trading at a spot price of $1222.96 in the European session. In the US, today’s highlight is the Empire State Manufacturing Index. The...
Prices for WTI and Brent crude rose for a third week in a row, up 2.2% and 6.4%, respectively. These increases led to a significant jump in prices for refined products such as gasoline and...
CLOil futures swung between gains and losses in choppy trade on Monday, with volumes expected to remain light as markets in the U.S. remain closed for the Presidents' Day Holiday. GOLDGold rose for...
Surprising a number of analysts, the Brent crude oil price increased 5.4% over the last week to over $61 and is up 27% since the beginning of the month. This is against a backdrop of generally...
The decline in oil prices has come to an end….or has it?At this point, I think we can all agree that no one knows what’s going to happen to oil throughout the balance of 2015. Although...