Commodities Analysis & Opinion

Gold spot bottomed exactly at first support at 1771/69. Longs worked perfectly on the bounce to 1779/81 as we look for a test of strong 100 day moving average resistance at 1796/98.Silver spot holding...

Dovish Fed comments on Wednesday have proven supportive for precious metals, with silver prices getting additional support from increasing global economic optimism due to the vaccination drive and...

Natural gas prices are sustaining near $2.946 after a robust rally in the last few weeks from a low of $2.453 registered on Apr. 6. Natural gas is trading in a tight $2.880-$3.000 range from past...

With oil prices now in the same price range they saw in mid-March, the commodity seems to have recovered from its brief swoon. Still, news about the industry is not always as it is presented. In Asia,...

Although official US Crude Inventories fell by a much larger 8 million barrels overnight, the US API data seems to have telegraphed the move. As such, it appears to have been priced in, and with...

“There's no such thing as bad weather, just soft people,” Bill Bowerman, the co-founder of Nike and legendary Olympics track and field coach, once said.Likewise, in natural gas, should we...

The most bearish development for gold came from…the NASDAQ. And no, these are not six typos in a row. Let me explain.The tech stocks were the strongest part of the stock market in the previous...

Another week has begun, and we are still impressed by the action from last week, as both benchmark crudes put on great performances. We often point to this market's dynamic behavior, which means that...

Copper prices touched a multiyear high of $10,037.75 in early hours today and currently holding near $9,980. LME Copper prices have more than doubled from March 2020.Copper prices have rallied nearly...

The super-inflated agricultural markets have cooled since the start of May, with corn headed for its worst week in a year, wheat tumbling the most in seven weeks and soybeans just slightly higher...

Fundamental AnalysisGold prices are experiencing absolute insanity over the last 24 hours as traders are trying to make sense of Janet Yellen’s comments. The US Treasury Secretary has confused...

The rebound in Gold and gold mining stocks has been weak.Gold hasn’t even hit $1800 yet, and the VanEck Vectors Gold Miners ETF (NYSE:GDX) and VanEck Vectors Junior Gold Miners ETF...

The US and Europe look to re-open air travel on June 21 and increasing distillate demand expectations as the rest of the commodity complex looks undersupplied. Supply chain issues are creeping into...

New spending is coming! And because of that, Biden’s speech to Congress was fundamentally positive for gold.Last week was full of big events. The FOMC released its newest statement on monetary...