Commodities Analysis & Opinion

Gold has made six major breakouts since the end of the Gold Standard in 1971.  Only two of the breakouts retested the breakout. Those two were the two previous breakouts to new all-time highs: 1978...

Gold retreats after unsuccessful break above 50-day SMA The price extends its structure of lower highs Momentum indicators turn bearish Gold had been in a steady recovery from its recent...

The main global economic theme right now is sticky inflation and fading growth. The Dow Jones Industrial Average has been drifting sideways since March 21. For gold, the drift began on April...

By Mike Maharrey, Money Metals ExchangeBank of America is eyeballing $3,000 gold.According to a report released by the big bank, gold prices could potentially hit $3,000 an ounce in the next 12 to 18...

By Mike Maharrey, Money Metals ExchangeThe investment world generally treats gold like a second-class citizen. Sure, the mainstream will sit up and take notice during a strong bull run, but...

Petroleum markets, which saw a surge of buying on geopolitical risk factors, are coming down a bit ahead of tonight’s American Petroleum Institute (API) report. Shipping container costs are going...

Gold Gold (XAU/USD) remains stuck in a sideways consolidation with little movement yesterday. We should have resistance at 2335/40 today if you want to try a short-term scalp with stop above 2340. A...

By Mike Maharrey, Money Metals ExchangeYou know gold is doing well when the mainstream sits up and takes notice.The mainstream financial pundits specifically, and the media in general, are typically...

Silver prices rose at the start of the week, but concerns about a strong dollar and upcoming elections could limit gains. However, the long-term outlook remains bullish, with silver potentially...

To be sure, our recent missives have been near-term negative for Gold, at least technically so, an eye to the 2247-2171 zone apropos.  Still, as you know, Gold these past two weeks has been...

Latest whipsaws in Gold cloud prognosis into next week and the end of month and end of the quarter. Gold, for now, has support at $2300 and Silver has initial support around $29. The miners are...

The gold miners’ stocks have been grinding lower for a month now, sapping traders’ enthusiasm. But this is par for the gold-summer-doldrums course, what typically happens in June. This...

Summer draws, makes me feel fine, Blowing through the jasmine in my mind. Ok I thought it was “jazz man” in my mind, but no matter, because on the first day of summer and the oil market is simmering....

Gold Gold (XAU/USD) initially hit the sell level of 2345 and reversed to 2331. Well done if you took the profit in time because Gold then immediately and unexpectedly reversed, breaking the...