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A week ago, it was described as a blast that would take about a million tonnes of liquefied natural gas exports off the market, providing some relief to US gas storage running critically below...
Gold and gold stocks have been a disappointment over the last two years as they failed to perform amid rising inflation. With the Fed hiking rates, real yields rising, and the economy likely...
What scenario for crude oil can we expect based on the geopolitical scene, OPEC forecasts, and oil stocks released by the US Petroleum Institute?Geopolitical SceneCrude oil prices were resilient on...
Gold didn’t react to rising inflation in May as expected and sank. The reason was strengthened expectations of steeper interest rate hikes by the Fed.Will Inflation Peak Soon?According to the...
Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his outlook for Fed rate hikes from September onward. He thinks the Fed will switch course faster than many expect after a...
Historically, gold against foreign currencies and against the stock market have been the best leading indicators for the yellow metal, with the best being against the stock market.We also evaluate how...
For different reasons, oil and gas took a massive hit during the New York trading session. But in both cases, we could witness a bearish energy reversal after more than fivefold price gains from the...
May and the first half of June were pretty hopeless for bears on the oil market. The oil price climbed higher almost every day from the support at around $100 and resistance around $126. And all of...
The Federal Reserve’s largest rate hike in 28 years could be coming later today at 2 PM EST. The question is what will happen to the price of gold—an asset labeled as a hedge against...
Gold prices slumped on Tuesday, extending losses into a second day, as U.S. Treasury yields continued to push higher ahead of the Federal Reserve decision.The yellow metal (XAU/USD) fell to a low of...
The Russian ruble is breaking out to the upside as Europe continues to buy Russian oil and gas and give into Russian President Putin’s demands to be paid in the Russian currency. It appears...
As predicted, gold stocks are gradually declining. Their situation is unlikely to improve as the Fed is already planning another interest rate hike.After yesterday’s huge slide in the precious...
EnergyThe oil market managed to weather the broader sell-off across financial markets better than the rest of the commodities complex. Having traded lower for much of the day, ICE Brent still managed...
US interest and mortgage rates are going only one way: up. Consequently, prices of lumber, one of the main ingredients for homebuilding in America, might go one way too: down.The party seems to be...
In the Extra Gold & Silver Trading Alert that I sent over the weekend, I explained why Friday’s upswing was most likely unsustainable. We didn’t have to wait long for the market to...