Commodities Analysis & Opinion

After holding the dip at 1680, we are back at the 1760 resistance which could signal a move back to the 1840 level on a close above this resistance tomorrow. In currencies, the USD/JPY has a strong...

OPEC+ surprised the market at the end of last week. Expectations heading into the meeting were that the group would rollover cuts. But instead the group has agreed to increase production by a little...

It’s tempting to say that miners are showing strength compared to gold based on the VanEck Vectors Gold Miners ETF's (NYSE:GDX) performance, but other mining proxies say otherwise.Just because a...

The March nonfarm payrolls were surprisingly strong. If the current favorable trend in the U.S. labor market continues, gold may struggle.As the chart below shows, in March 2021, total nonfarm...

The Biden administration is trying to win friends in Iran and influence Ayatollahs basically begging and pleading for Iran to rejoin the 2015 nuclear deal. Not only has Biden offered to call the...

In recent weeks the US's key economic numbers have been providing optimistic signals that the country's recovery is not just on track but also accelerating. Last week's ISM manufacturing print beat...

Silver Outlook Silver prices rallied to the highest level in more than two weeks on the backdrop of weakness in the dollar index and positive global economic data which are supportive of...

In February, I highlighted the role that India will play in global oil demand in the coming years as its economy grows and oil consumption increases. In 2019, India was the third-largest consumer of...

Gold spot topped exactly at strong resistance at 1742/45.We wrote: Likely to see some profit taking, perhaps as far as 1730/28 today. A perfect call as we bottomed exactly at 1730. Watch these levels...

Enthusiastic gold investors everywhere are wondering: Has gold finally bottomed?The short answer is: I think so. That’s because, from a number of perspectives, it seems the most likely scenario....

Oil traders both bullish and bearish have been bounced around in recent days like they are locked in a rubber room. Since the break of the sharp oil uptrend, prices have whipsawed driven by...

Since both the known macroeconomic and fundamental outlooks are positive for oil, wouldn't it make sense to be bullish on the energy commodity?Increasing vaccinations in the US will allow for a...

Gold has created lower highs since peaking last summer. Is gold near a low? Where would a nice entry point come into play? This chart looks at Gold ETF (NYSE:GLD) on a weekly basis over the past few...

Well, we naturally are always happy to see our forecasts turn out to be true. Still, the longer we anticipate a movement, the happier we are when they finally become a reality. The same also holds...