Commodities Analysis & Opinion

Gold And Gold Miners Remain In Correction

Gold And Gold Miners Remain In Correction

Gold popped above resistance at $1835 to start the month but reversed course rather violently before it could even test…
Crude Oil Didn’t Like Thanksgiving Turkey This Year

Crude Oil Didn’t Like Thanksgiving Turkey This Year

It appears that the U.S. markets didn’t find the Thanksgiving turkey very tasty this year. S&P 500 Volatility Daily Chart.…
Chart Of The Day: Crude Black Friday Sale 

Chart Of The Day: Crude Black Friday Sale 

Concern that a new Covid variant will prompt fresh mobility restrictions and hinder the economic recovery, has roiled the global…
Coffee Hits New High, But Could It Move Even Higher?

Coffee Hits New High, But Could It Move Even Higher?

Brazil is the leading Arabica coffee producer A frost in July lifted the price to a multi-year high Two other…
Chart Of The Day: Gold At Critical Zone Amid Conflicting Macro Influences

Chart Of The Day: Gold At Critical Zone Amid Conflicting Macro Influences

After this week’s significant sell-off, gold has reached a critical zone and what happens here is likely to determine at…
Brent Oil Trades Near a Downside Resistance Line

Brent Oil Trades Near a Downside Resistance Line

Brent crude oil has been trading in a consolidative manner since Tuesday when it jumped higher after hitting support t…
U.S. Dollar About To Scream Higher: Will It Push Commodities Lower?

U.S. Dollar About To Scream Higher: Will It Push Commodities Lower?

U.S. Dollar Index Long-Term Monthly Chart. The recent U.S. Dollar Index rally is providing a headwind for commodities, while pushing…
November: Is Bigger Drop In Gold Just Around The Corner?

November: Is Bigger Drop In Gold Just Around The Corner?

As expected, after the applauded increase, gold fell. But will it manage to bounce off the bottom or rather slide…
Who Will Defeat Inflation?

Who Will Defeat Inflation?

With Fed Chairman Jerome Powell officially reappointed for a second term and Fed Governor Lael Brainard promoted to Vice-Chair, the…
Oil: Strategic Reserve Releases Unlikely To Move OPEC+

Oil: Strategic Reserve Releases Unlikely To Move OPEC+

On Tuesday, Nov. 23, the Biden administration finally announced its much-discussed plans to release crude oil from the United States’…
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