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Gold prices have steadied on Tuesday, trading at a spot price of $1071.95 per ounce in the European session. After impressive gains late last week, gold has reversed directions. In economic news...
Oil prices got routed in the aftermath of the OPEC meeting as the cartel pretense of restraint of production went away. In reality the decision will not really add more oil to the market. The...
Many observers have concluded that OPEC is dead. Oh, its demise has been claimed before, but after the oil cartel failed to provide a quota (output goal) in last week's statement, the claim has been...
US Crude continues to drop, as the pair, trades at $37.45 per barrel in Tuesday’s European session. Crude has dropped sharply in value since Friday, when the price stood at $41 per barrel. In...
The global weather pattern El Nino can become one of major factors driving the volatility in agricultural commodity markets in coming months. El Nino weather pattern, which arises as Pacific Ocean sea...
Gold declined yesterday and it couldn’t breach through 1062.00-Fibonacci of 113%- while trading above 1050.00 psychological and 1045.00 technical support is positive. However, trading...
In my post of 5 days ago I highlighted how a confluence of factors had the potential to drive oil prices even lower, down towards the $32 per barrel regions, last seen in 2009. At that time, the...
European markets are under the influence of commodity sell off and is keeping a strong lid on the energy sector. There is no one else to blame for this except OPEC, which for another year decided not...
As the oil price continues to fall, there was an interesting proposal doing the (unofficial) rounds ahead of last week’s Organization of Petroleum Exporting Countries meeting in Vienna.Detailed...
OPEC on Friday decided not to decrease oil production as Saudi Arabia continued with a policy to squeeze less efficient non-OPEC producers out of the market. Iran is now planning to ramp up its own...
Bigger picture, bearish view over the last few months of declines below that Aug low at $37.75, "ideally" into the mid/late Dec timeframe playing out right on schedule. Note too as been discussing,...
The U.S. economy added 211,000 jobs in November. What does it imply for the Fed policy and the gold market?Total nonfarm payroll employment increased by 211,000 in November, according to the U.S....
Trading position (short-term; our opinion): Short positions with a stop-loss order at $54.12 and initial (!) target price at $35.72 are justified from the risk/reward perspective.On Friday, crude oil...
Oil Seeps Lower: Oil prices seeped to their lowest level in over 6 years, breaking swing lows as oversupply was confirmed as not being abated any time soon. OPEC meetings ended with no resolution on...
It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium dropped less than a penny each. WTIC ended today at...