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Brent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel. The market remains close to two-month lows, caught between optimism for a peaceful resolution to the Middle...
Patrick Vierra from SBTV spoke with CMT, MFTA Jordan Roy-Byrne from The Daily Gold. Jordan goes over the new support levels for gold and how the 50-day moving average plays a role in the recent...
Silver and mining stocks had begun to significantly outperform gold, which served as important confirmation that a secular bull was charging. Western investors, while still not buying gold ETFs, had...
Two commodities have emerged as pivotal players as geopolitical tensions have escalated, influencing global financial markets: gold and copper. These metals are not merely survivors of market...
The number of operating oil rigs in the US fell by 7 to 499. This is the lowest in 12 weeks and further confirmation that even with relatively favourable oil prices, producers are in no hurry to ramp...
While some in the marketplace are concerned about weak demand, a move by Saudi Arabia to raise their price for oil seems to suggest that they’re not that concerned. Consider the fact that the...
Not to overly dwell — let alone predict — by subject title, however, if we search our recollect (thank you Ken Starr), was it not by this time a year ago that we’d witnessed a few...
Crude Oil did not manage to challenge the previous highs even given a geopolitically severe situation. The $10/bbl correction from the April highs cannot go unnoticed and the bulls need to prove...
After blasting higher in a remarkable breakout surge, gold is pulling back. Such mid-upleg selloffs are normal and healthy, rebalancing sentiment to maximize uplegs’ longevity. Gold’s...
I was shocked to hear there was gambling going on at Ricks Café and equally shocked to hear that Biden’s price caps on Russian oil have failed. In 2022 the administration of Joe Biden...
Are there signs of a recovery in gas prices?Natural Gas Futures - Jun 2024 U.S. reached a one-week high at $2.06/MMBtu in anticipation of increased demand. This is due to an increase in the amount of...
A big story last week was that AI is fueled by natural gas, which should increase demand.That story did little for the futures price. Then this week other stories came out that: Prices were supported...
ADNOC increased its oil production capacity to 4.85 million bpd ahead of the next OPEC meeting. The country’s stated aim is to reach 5 million bpd capacity by 2027. OPEC’s current...
Global Data: Aramco is leading oil companies in AI investment. Saudi Aramco spent $3.5 billion on research and development last year. As for AI itself, the technology was deployed in areas such as oil...
Commodity volatility went crazy as the Federal Reserve signaled, “the lack of further progress on there are inflation target in recent months” shook up a whole host of commodities. We...