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Significant moves in Gold and outperformance for Gold against the stock market occur when the yield curve steepens. A steepening curve precedes Fed rate cuts and usually signals a recession.
Economic outlook maintains pressure on oil pricesOil prices are trading broadly flat at the start of the week, in keeping with the general feeling in the markets in the absence of any notable...
Gold prices trade little changed on Monday as investors continue to ponder last week's central banks' decisions while US markets are closed in observance of the Juneteenth holiday.At the time of...
Oil ended last week with growth, having found support at key price levels, but unlikely for long. Last week, WTI tested its 200-week moving average for the fifth time since the beginning of the year...
The title to this week’s missive pretty much puts it all in perspective. And to the extent this week’s closing bit spooks you from stocks is your own cash management decision. Nonetheless,...
In this video we discuss the key support and resistance levels for Gold and Silver and opine on the potential short-term upside in the gold and silver stocks.The macro needs to align for a sustained...
Natural Gas Futures on the Nymex advanced 4.3% last week, closing at $2.62 on Friday. EIA reported a build of 84 Bcf in working underground stocks for the week ended June 9. Total inventory is...
As anxiety grips the white metal, is a retest of the 2023 lows or highs more likely? With the Fed’s hawkish crusade helping to suppress gold, silver, and mining stocks, the permabulls...
By Mike Gleason As the Federal Reserve begins to back off on tightening, the U.S. dollar is becoming increasingly vulnerable to selling.The Fed left its benchmark interest rate unchanged at just above...
Oil is still struggling as it doubts that we can avoid a recession, but it is getting support from the ECB which unlike the Fed refuses to pause on hiking interest rates. The European Central Bank...
In a game-changing turn of events, the FOMC meeting shattered hopes of a quick, dovish U-turn as the Fed announced the possibility of raising rates twice this year.Yesterday’s FOMC and the...
Oil volatile near lowsOil prices remain volatile after inventory data published by EIA reported a substantial 7.9 million barrel build last week. Brent saw its gains on the day wiped out while WTI...
By Jon Forrest Little As gold continues to hold its own this week in the midst of the Fed's so-called “hawkish pause,” it's a good time to reflect on the things the naysayers have been...
One of the reasons given for oil’s underwhelming performance as of late is the talk of a slowdown in the Chinese economy after the post-covid pop. And while we have seen mixed data out of China,...
It was a mixed set of data for the oil market yesterday. The IEA report was fairly neutral with both supply and demand growth estimates increasing by 0.2MMbbls/d. The weekly report from the EIA was...