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In settling the abbreviated trading week on Thursday at a price of 1730, Gold's net change from the prior Friday was but -1 point. But here's the real but: Gold's trading range for the week initially...
I find that the weekly closing of natural gas futures at $2.693 looks evident enough for a fresh breakout despite the first injection of this season with the emergence of a bullish candle during the...
Resilience is the capacity to recover quickly from difficulties. In other words, toughness. Looking back over the last year, the world has experienced just such toughness. Unfortunately, this...
The fundamental driver for Gold is declining real interest rates or expectations of a decline in real interest rates. Fed rate cuts or accelerating inflation and rising inflation expectations lead to...
Natural Gas futures on the NYMEX had a volatile week before closing at the same level as the previous one at $2.62 on Friday. EIA reported on Thursday the first injection of the new refill season of...
Today is a day off in most trading venues in Europe and America with limited commodity market dynamics. However, it is an excellent reason to take a closer look at the recent developments in oil and...
U.S. President Joe Biden just announced an ambitious and expensive infrastructure plan. Will it rebuild gold?Yesterday, Biden announced the big infrastructure plan, the second major legislative...
The outlook for gold is not promising. Expectations for higher interests rates makes the yellow metal less attractive.The FundamentalsRising yields come about with expectations for rising rates, amid...
XAG/USD has been trading in a sliding mode since Mar. 18, when it hit resistance at the prior upside support line drawn from the low of Mar. 18, 2020. Yesterday, the metal hit support at 23.75 and...
Putting to one side the bearish headlines of “worst quarter since 2016” and what seems to be the endless narrative of “Bitcoin taking Gold’s market share” something...
Oil Prices Lower Ahead Of OEPC+Oil prices fell overnight as the OPEC+ JTC produced no guidance for the ministerial meeting today, and OPEC quietly reduced their global consumption forecast by 300,000...
Silver to continue negative trend while below key resistance level of $25.86 Silver prices drifted lower after a rally from yesterday’s low of $23.74, rally in stock and bond yield is...
It might be early, even by early spring standards, but the first gas storage injection for 2021 has likely occurred. And that’s not an Apr. 1 prank.The US Energy Information Administration will...
Natural gas price has bounced from the recent low of $2.422 and is likely to continue its negative trend on the outlook for above-normal US temperatures, which is likely to reduce heating demand....
OPEC+ is meeting again today to set oil production rates for the month of May. The 13-member organization along with non-member Russia and ten other countries which collectively are referred to as...