Commodities Analysis & Opinion

Silver is in an ascending wedge, but the silver market also found resistance at the 61.8% Fibonacci resistance level at the $25.34 level. The spike above there did not last long as we may be nearing...

The euro is facing one of the most important price tests in the past 20 years. What it does here, should have a large influence on the price of gold and silver weeks from now. This chart looks at the...

Energy prices are holding up pretty good even as the International Energy Agency (IEA) tells us that the best days of demand are behind us. Libya’s largest oil field will flood the world with...

Oil’s rally looks overOil’s one-week rally looks well and truly over, with risks swinging quickly to the downside. It appears that US oil and gas production is returning rapidly after...

Monday was a phenomenal day for stocks, with the tech sector leading the run by posting its best day since July. While the outperformance on the NASDAQ and big names Apple (NASDAQ:AAPL), Amazon...

I discussed the relationship between gold and inflation expectations a couple of times in posts last year (here and here). Contrary to popular opinion, gold tends to perform relatively poorly...

The EUR/USD forex market on the daily chart has a wedge rally in a bear trend. The bears want today to close near its low. Today would then be a sell signal bar for a lower high in a bear channel....

Oil prices are on the decline as reports of more oil from Libya offset the market’s issues in the aftermath of Hurricane Delta. Reports that Libya’s largest oil field is restarting...

As I have outlined in several previous posts for oil, the longer-term outlook remains weak from both a technical and fundamental perspective, and for the latter, it is the supply-demand equation which...

The political football over another COVID economic aid package will continue on Capitol Hill this week, with neither side appearing ready to concede, but each yet quick to call out symbolic...

Delta and Norway send oil lowerOil’s rally of the past week was predicated on two major events, the shuttering of US production due to Hurricane Delta, and the Norwegian oil workers strike. Both...

After nearly three weeks of sideways/downward price action in Gold and Silver, our researchers believe both metals have already set up another breakout/rally attempt after breaching downward...

Natural Gas futures on the Nymex rallied towards $2.76, closing on Friday 13.5% higher than a week ago. EIA confirmed on Thursday a build of 75 Bcf in working underground stocks for the week ended...

Hurricane Delta is going to make landfall in just hours, and it is at this point, unclear as to whether the storm will hit as a category 1 or a category 3 storm. Regardless, the storm has already...