Commodities Analysis & Opinion

Crude Oil has formed a double local bottom at $77/bbl, but the overall trend remains down and susceptible to further weakness as long as the market stays below $80.Original Post

Could we gold go as high as $27K?That seems far-fetched but financial analyst and investment banker Jim Rickards makes the case that it could happen.Gold charted a big rally in recent months, hitting...

Let’s face it, the OPEC plus cartel the International Energy Agency (IEA) and the Energy Information Administration EIA are basically a hot mess. The growing divergence in predictions for...

Gold The CPI number was a little softer than expected so inflation is not as high as it could have been. Retail sales were also weaker adding to recent indications from economic data that economic...

Silver has broken out to a new daily 11-year high. The next strong target and resistance is $34-$35.The Gold/Silver ratio has lost trendline support. It closed at 80 with immediate downside target of...

By Brien Lundin, Money Metals ExchangeGold steals most of the headlines, but silver has stealthily set itself up for a potential run to $40.After nearly 40 years in this business, I’ve read,...

Harvey & Erb, they of the Golden Dilemma, once again promote a story that only an academic would stick to years after being proven wrongThey are at it again, ole’ Harvey and Erb. First there...

Summary & Key Takeaways:- Speculative positioning in oil has fallen back to levels generally associated with bottoms in the oil price. - Oil market fundamentals weakened notably throughout April...

Industrial and tech demand for gold rebounded in the first quarter, rising 10 percent year over year.Industrial and technological applications consumed about 79 tons of gold in Q1, according to data...

Crude oil has been under pressure over the past four weeks but has been gaining support on the decline to $77 per barrel WTI and $82 per barrel Brent since the beginning of the month.The price has...

Get ready to float your oil boat as data from OPEC and floating storage suggests the global oil market tightening. While US crude oil inventory supply in recent weeks saw some surprising increases,...

By Mike Maharrey, Money Metals ExchangeI’ve written extensively about supply shortfalls in the silver market. Silver demand outstripped the supply of the metal for the third straight year in...

By Mike Gleason, Money Metals ExchangeAs inflation continues to put the squeeze on consumers, precious metals markets are back on the move.A solid close above the $2,400 level should set the stage for...

If you wonder why U.S. consumer confidence is as bad as it is, just look at oil and gasoline.The price of oil is 8.7% higher than it was a year ago. The cost of gasoline is higher, even as consumers...