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In this post I would like to take a fresh look at the precious metals complex once again as things are still evolving in this area. I want to look at the Market Vectors Gold Miners ETF, (GDX), as our...
As momentum buyers continue to look at other asset classes, and as the precious metals continue to wallow at three year lows, bullish news may appear hard to find. And yet, this morning, more...
Gold plummeted on Friday after the release of a much better than expected Non Farms Payroll (NFP) number, with 200,000 jobs being created in October vs $100,000 expected.Gold fell as far as $1281...
Learn how the 2024 elections could affect your trading portfolio. Read what traders & investors need to know about the election's impact on financial markets.
Below, a weekly technical update, published at the beginning of each trading week in spreadsheet format to help you develop your trading game plan by identifying the short-, medium- and long-term...
Copper was trading in very tight range form almost last 1 month. Our last report was posted on 01.10.2013 and after that we witness a tight range. Now copper is trading around $3.2450 and as we can...
We all know that, so long as the Fed keeps the printing presses on, the risk of a worldwide currency crisis gets even higher. Gold, of course, is the timeless hedge here – for all the...
The NY sugar market closed Friday lower 19 points (4.19 dollars per ton) in relation to the previous week. Mar/14 traded at the low of 17.93 cents per pound during the week, closing it at 18.06 cents....
Oil prices have been falling for some time now, inside the downward sloping channel as shown in the first chart below. The trend remains down as prices continue to make lower lows and lower highs....
The gold price remains near three week lows this morning as speculation over the Fed and December’s meeting continues to mount. The US dollar was at a two-month high earlier as indications that...
Brent Crude got so close to our buying opportunity at strong support at 102.80/50 but frustratingly bounced a little early at 102.98. We shot higher & need to hold support at 105.10/00 to target...
Gold broke support at 1295/94 to hit 1280. If we cannot get back above 1289 a retest of 1280 is likely & even a break lower cannot be ruled out despite being so oversold. We could target support...
Natural Gas just held no to 3.520 as hoped but short term the outlook is more negative so a move towards 3.610/620 is a selling opportunity. A break higher not expected but if seen could target...
The automotive sector’s consumption of Platinum and Palladium has long been the main indicator of PGM demand, and the measure by which consumers and investor judge the health of the sector. But,...
Recent economic events and subsequent reactions in financial markets have not been favourable to gold over the past couple of weeks. After nine consecutive weeks of reduction in total holdings of gold...
Gold prices stood near three-week low early Monday, as traders weighed Friday's strong U.S. jobs growth amid lingering fears the Federal Reserve would start withdrawing its stimulus program. Bullion...