Commodities Analysis & Opinion

The dollar surging on expectations of a Federal Reserve taper of its long-running stimulus and COVID travel curbs out of China are resulting in a double whammy for commodities as the week begins, with...

Oil remains under pressureDespite impressive US employment data on Friday, oil prices fell as the US dollar rallied strongly. What are disturbing oil markets the most, though, is the Delta-variant...

This morning, a liquidity black hole, exacerbated by a Japan and Singapore holiday, saw gold plummet $87.00 to around $1680.00 an ounce in a stop-loss and algorithmic selling negative feedback...

Last week, I sent out this tweet:In case you are not acquainted with this fact, there is no religion more zealous than Gold Kooks. These people are unhinged. They might even be worse than HODLers. The...

Adoring Wednesday's ADP report of suddenly slower growth for July's jobs, Gold's price in turn zoomed up from Tuesday's 1810 low to 1835. Abhorring Friday's Bureau of Labor Statistics report of...

Gold remains in correction mode.Even if gold were consolidating bullishly (from an immediate perspective), it would need more time to build a viable handle on the 9-year long cup pattern. Long-term...

U.S. President Joe Biden’s goal to make 50% of all cars and light trucks electric by the end of the decade is going to have negative ramifications across the U.S. economy. Not only is this goal...

This chart comes from Marketsmith.com, which looks at Junior Gold Miners ETF (NYSE:GDX) (VanEck Vectors Junior Gold Miners ETF (NYSE:GDXJ)). This chart highlights that GDXJ could have be creating a...

XAU/USD traded lower yesterday, after it hit resistance at 1815, and continued to trade lower today, heading towards the key support zone of 1790. In the short run, the precious metal appears to be...

Two months after copper's worst selloff in more than a year, longs in the so-called red metal are still finding it hard to catch a break. And both fundamentals and technicals suggest things could...

Oil Stages A Modest RecoveryThe corrective rally that started in Asia yesterday extended through to the New York session as physical bargain hunters emerged. Brent crude was 1.30% higher at $71.30 a...

Gold is in a strong and narrow $45-point range. Support is at the 1790 level and resistance is at the 1835 level. We have been in this range for the last month, since the beginning of July. The great...

WTI crude rallyed as risk appetite ran wild on Wall Street after trade data showed U.S. crude exports improved in June. India posted twice as strong demand for U.S. crude, implying once a country...

Delta, Delta. The whole day through. Just an old sad song keeps Delta on our minds. I said Delta, Delta. A song of you. Comes as sad and clear as moonlight through the pines.The oil trade can’t...