Commodities Analysis & Opinion

This week could hardly be better in terms of economic, political, and geopolitical news. The US inflation slowed more than expected, the US politicians inked a short-term deal to avert a shutdown. On...

Since its peak in August 2020, Gold has moved towards a breakout on multiple occasions but failed in every case. Nevertheless, as of Thursday, November 16, Gold is within 4% of a daily all-time...

Hedge funds with their near-record short position still control the market’s direction until proven wrong. The shorts are betting that OPEC won’t have the stomach to add or extend...

WTI Crude Oil is under pressure for a third day despite rising global market risk appetite and solid US economic activity data.The night before, the EIA released two weekly reports on commercial...

Oil prices came under pressure yesterday following an increase in US crude oil inventories, while a rebound in US treasury yields would have likely added further pressureEnergy - US Crude Inventories...

U.S. inflation has fallen faster than expected and Fed's target is right around the corner Meanwhile, gold has rebounded after US dollar's weakening But $2,000 remains a key resistance for the yellow...

Forced Selling and Low Valuations in VanEck Gold Miners ETF (NYSE:GDX), VanEck Junior Gold Miners ETF (NYSE:GDXJ)

Gold has made a decisive reversal to the upside this week. We are likely to see the start of a new bullish momentum with the potential to renew all-time highs above $2100.Gold rallied by $200 in...

Gold XAU/USD shot higher from the buy level at 1933/30, aided by yesterday's lower-than-expected CPI number and we hit all targets as far as the sell opportunity at 1958/63 but continued higher to...

A week ago, Morgan Stanley analysts called Goldstocks a buy, while I called for a week of pain.The GDX (NYSE:GDX) chart.  Clearly, it was pain that prevailed, but could these analysts be...

Remember all that talk about demand destruction causing a collapse in oil prices? The funny thing about that is the data does not back it up.The International Energy Agency (IEA), which notoriously...

A little over a century ago, Captain John Alcock and Lieutenant Arthur Whitten Brown became the first people to make a nonstop, transatlantic flight. Beginning in Newfoundland and ending with a...

Oil is getting a bid back, perhaps because they realize that the recent sell-off was way overdone based on global supply and demand, or perhaps because someone might find the guts to hold Iran...

Gold extends its fall from the 5-month peak of 2,009Hits the crucial 200-day SMA, which holds strong for nowMomentum indicators slowly tilt to the bearish sideGold had been in a steep...