Commodities Analysis & Opinion

In North America and the U.S. specifically, the hunt for lithium, a key component of batteries used in electric vehicles (EVs), has historically trailed a handful of other countries. That includes...

The Troy ounce of gold on Monday costs about 1660.00 USD. Gold still has an inverted correlation with the USD. Previously, the quotes recovered after the US currency weakened with growing interest in...

Oil prices continue to have trouble maintaining altitude as economic turbulence around the globe is shifting focus from the market being undersupplied to a potential economic crash. After being...

Spot Gold has been confusing for more than a week. During this period gold has been in daily ranges of 25 to 40 points, but mostly up one day down the next day in very volatile conditions. Having...

Increasing inflationary pressure are set to attract bears to trigger shorts in natural gas above $5.480 as a tight trading range confirms the advent of a selling spree soon.No doubt the presence of...

Positive divergences within a downtrend are important because they can precede a bottom and trend reversal. Our most recent editorial noted some positive divergences in the gold market. One should...

China’s flip-flops over COVID lockdowns are an anathema for crude traders Beijing’s September oil import of 9.79 million bpd was down 2% yoy More weakness if WTI holds below $90 and last...

Long-time readers of The Gold Update may remember this quip per a metro station billboard: "A Lot Can Happen Between 9 and 5" --[The San Francisco Examiner, circa 1980s]. And 'tis perfectly apropos to...

Another choppy session in oil markets but one in which the price is once again broadly unchanged on the day. Yesterday we saw a decent rally before gains were erased and today we’ve seen the...

Oil prices ended the week caught between the headwinds of a tighter global supply and a lacklustre economic outlook eroding consumers' purchasing power.Macroeconomics On Thursday, the greenback took...

Oil prices might be fighting the Fed, but a warning from FERC about natural gas shortages in the Northeast and the fact that diesel and heating oil inventories are at the lowest levels since 1951,...

Oil failed on Thursday in another attempt to return to an upward trend. Overall sales wiped out the surge in the first half of the day at the end of the day. This market dynamic is a clear sign that...

Gold prices have risen along with equity markets yesterday. But nothing has changed fundamentally to suggest it is going to make a major comeback yet. So I reckon it will head lower again after this...