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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...
The US PPI inflation report is today, and the CPI is released tomorrow. The average American is experiencing much more “boots on the ground” inflation than these reports have shown to...
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 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...
The price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand...
Gold loses momentum after reaching a two-week highShort-term risk remains skewed to the upside above 2,325The week began with gold losing ground and giving up the gains it made on Friday when it...
Crude Oil closed another difficult week on the technically critical uptrend line of the last 6 months and this is no coincidence. Market participants are looking confused as the short-term trend...
Gold recently became extremely overbought in momentum terms against ALL major fiat currencies.For example, the following daily charts show that based on the daily RSI(14), a momentum indicator...
While this is not an article about gold mining, it is an article about the counter-cyclical economic backdrop ahead that gold is forecasting, and a reminder that the gold mining industry is...
Oil prices seemed to put in a reversal after rumors surrounding OPEC-Plus cuts and perceived oil and product market gluts seemed to be put to rest. The Energy Information Administration (EIA) and...
Gold is only two months into a 13-year breakout while the inflation-adjusted Gold price, an indicator for gold stocks, is approaching a breakout from a 45-year base.Gold stock valuations are at very...