Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1296.48 is stable below 1300, 1st support seen near 1280, if it holds could take the price to higher marks at 1315-1320, if we see a sharp dip to 1280 now it is possible to extend further South. […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished higher Thursday with Wheat futures eking out a 1-month high on lower Australian crop estimates and rising spot prices worldwide. Soybean and Corn futures rose slightly as traders waited for the harvest to expand in the Midwest. The most active […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Overall precious metals are trading low after the FOMC policy meet Wednesday as SD rose to 93.50 from marks near 91.70. Copper could turn Bearish, Crude Oil may move up now, but could face some rejection at the major resistances. PE Gold at 1299.30 […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished higher Wednesday with Soybean futures rising from recent lows, buoyed by strength in commodities and resurgent Soybean export demand. Wheat and Corn followed the firm trend, with both grains rebounding after a 2-session slide as the US Corn harvest reached the […]

Thailand Begins Campaign to Promote it High Quality Coffee Beans

Thailand Begins Campaign to Promote it High Quality Coffee Beans

Thailand Begins Campaign to Promote it High Quality Coffee Beans Chiang Mai province in Northern Thailand Wednesday launched a Lanna Thai Coffee Hub campaign to promote the production and sales of quality Coffee beans. In a press conference, Chiang Mai provincial Governor Pavin Chamniprasart said the 5-year campaign, set to begin next year, will be […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Commodities are all mixed; precious metals reversed to Bullish over the next couple of sessions, while Crude Oil prices remain stable, Copper looks Bullish for the coming sessions. PE Brent Crude at 55.39, and WTI Crude Oil at 50.23 are stable and may come […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Tuesday with Corn futures falling nearly 1% on technical selling as the harvest of a large US crop loomed. Soybean followed the weak trend, declining in the absence of fresh supportive news, and Wheat retreated from early advances as […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Commodities are all mixed; precious metals look Bearish over the next couple of sessions, while Crude Oil prices may remain stable, Copper looks Bullish for the coming sessions. PE Brent Crude at 55.39 has immediate resistance near 56-57 region and could come off […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Monday with Soybean futures falling slightly despite export demand and uncertainty about yield prospects. Corn fell on expectations of continued, burdensome US supplies, and wheat sagged on technical selling. The most active Corn contract for December delivery dropped 3.25 cents, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 55.72 has been rising in line with expectations and could rise to 56.65 in here. WTI Crude Oil at 49.91 is stable, and could trade sideways for a couple of sessions before moving up to 51. Near term […]

Chicago Agriculture Commodities Finished the Week Mixed

Chicago Agriculture Commodities Finished the Week Mixed

Chicago Agriculture Commodities Finished the Week Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures closed a choppy week with Wheat and Soybean prices surging.. During the trading week which ended 15 September, the most active Corn contract for December delivery fell 2 cents, or 0.56%, to 3.5475 bu. The US Department of Agriculture (USDA) […]

US President Trump Poised to Change Fed Leadership +

US President Trump Poised to Change Fed Leadership +

US President Trump Poised to Change Fed Leadership + $GLD,$SLV, $PPLT, $USD Every US President gets the chance to influence Fed policy through nominations to the central bank’s Board of Governors. But, most often, that chance is limited to a small number of nominations, 3 max, including a nomination for Chairperson. But President Trump is […]

Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming

Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming

Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming $GLD, $SLV, $EXCFF, $IBM, $WMT To start this is gold’s step sum chart going back to November 2010.  For almost a year (November 2010 to August 2011) gold’s step sum saw an amazing ascent; rising from 220 to 275 (55 net advancing days) in a […]

Gold Price Pressured by Notions of Fed, ECB Tightening

Gold Price Pressured by Notions of Fed, ECB Tightening

Gold Price Pressured by Notions of Fed, ECB Tightening $GLD, $SLV Gold fell Friday after a European Central Bank official called for scaling back the bank’s stimulus program, although losses were capped when weaker than expected US economic data raised some questions about further rate hikes. ECB board member Sabine Lautenschlaeger made the most explicit […]

China Economy Remains Strong

China Economy Remains Strong

Industrial output, a gauge of the activity of large enterprises, grew 6 percent year on year in August, down from the 6.4-percent pace a month earlier and retreating to the lowest level this year. Fixed asset investment fell short of expectations with a 7.8-percent rise in the January-August period, the weakest since 1999. Retail sales […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 55.24 saw a high near 55.99 Thursday and may try for higher marks if it manages to remain above near term support at 54.65. WTI Crude Oil at 49.68 may also try to move up to 52 […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures closed mixed Thursday, with Soybean posting 1%+ gains for the 2nd session running. The most active Corn contract for December delivery rose 2.75 cents, or 0.78%, to 3.5425 bu. December Wheat delivery fell 0.25 cent, or 0.06%, to 4.43 bu. November Soybean […]

Queensland Nickel Saga Continues

Queensland Nickel Saga Continues

Queensland Nickel Saga Continues Queensland Nickel is a company owned by businessman and politician Clive Palmer. Queensland Nickel owns and operates the Palmer Nickel and Cobalt Refinery at Yabulu in North Queensland. On 19 January 2016 the company entered into voluntary administration. In April 2016 the companies’ creditors voted for liquidation. Queensland Nickel Collapse History […]

High-Grade Iron Ore Will Continue to Rally

High-Grade Iron Ore Will Continue to Rally

High-Grade Iron Ore Will Continue to Rally China’s economy has been optimized in both growth and structure guided by the five development concepts of innovation, coordination, greening, opening up and inclusiveness, according to economists. The “Greening” part is driving high-grade Iron Ore prices and will continue to do so in the future. The rapidly increasing […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Precious metals are in a corrective mode after the recent rally in the last few weeks. Only Crude Oil prices look Bullish near term as they are on the verge of breaking 1st resistances to move higher. PE Gold at 1321.38 may have made […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures closed higher Wednesday and the Soybean prices rebounded more than one percent, ending a 4-day fall. The most active Corn contract for December delivery remained unchanged at 3.515 bu. December Wheat delivery rose 1.25 cents, or 0.28%,to 4.4325 bu. November Soybean went […]

OPEC and the Oil Price

OPEC and the Oil Price

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee,JMMC, has no authority over executive decisions to continue lowering global oil production, said Kuwait’s Minister of Oil and Minister of Electricity and Water Essam Al-Marzouq Wednesday. In a joint news conference with Venezuela’s Oil Minister Eulogio del Pino, Al-Marzouq — who chairs the committee — said that it was […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: The world’s major indices looks Bullish with strong upward momentum in here. PE DJIA at 22118.86, +0.28% looks Bullish towards 22400 in here, where a pause to refresh may happen. Some resistance is see at 22300, but if the Northside momentum is strong, it could break on the […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1336 moved higher and trading within the range of 1327-1363. Will stay on the buy side while it is trades above 1325-27. A close below 1325 could open up 1303 next. Silver at 17.93 is almost unchanged and trading […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures closed mixed Tuesday with Corn and Soybean prices falling on higher official crop estimates. The most active Corn contract for December delivery dropped 6 cents, or 1.68%, to 3.515 bu. December Wheat delivery rose 7.25 cents, or 1.67%, to 4.42 bu. November […]

Oil Price Outlook

Oil Price Outlook

World oil demand growth in 2017 is expected to rise by 1.42 mb/d after an upward revision of around 50 tb/d,according to OPEC Monthly Oil Market Report, MOMR. Crude inventories rose by 6.2 million barrels in the week to Sept. 8 to 468.8 million, nearly double analysts’ expectations of an increase of 3.2 million barrels. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1329 moved lower in line with my short term Bearish view due to overbought condition and renewed strength in .DXY. The trading range for Gold is now 1327-1363, and a close below 1327 could open up 1303. Silver at […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures closed mixed Monday ahead of a Key monthly agricultural supply and demand report. The most active Corn contract for December delivery rose 0.75 cent, or 0.21%, to 3.575 bu. December Wheat delivery dropped 3 cents, or 0.69%, to 4.3475 […]

The Ways to Invest in Gold and Silver

The Ways to Invest in Gold and Silver

The Ways to Invest in Gold and Silver $GLD, $SLV, $ABX, $WPM, $EXCFF The experts say that owning Gold is a secure safe-have investment for protection against inflation or other economic uncertainties in anyone’s financial plans. The Big Q: What does one do to own a piece of the precious Yellow metal? The Big A: […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished mixed on the trade week ended 8 September, as traders turn to technical selling ahead of Tuesday’s US Department of Agriculture (USDA) crop report. The most active Corn contract for December delivery added 1.5 cents weekly, or 0.4%, to 3.5675 bu. […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Globally, gold prices fell 0.19% to $1,346 an ounce after hitting one-year high of $1,357.64 an ounce. Silver prices dropped 0.91% to $17.93 an ounce in New York in Friday’s trade. The current period of elevated uncertainty, both in terms of U.S. domestic policy and in foreign diplomacy, is supporting gold […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weaker, Gold stronger. PE Gold at 1356 moved North and met my target of 1350 as USD (.DXY) in trading below 91.50. The range for Gold is now within 1335-1371 with an interim support at 1345. Gold is overbought (can stay that way […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Thursday with Corn futures sagging more than 1.5% on technical selling and expectations of a US bumper harvest. The most active Corn contract for December delivery dropped 5.75 cents, or 1.59%, to 3.5525 bu. December Wheat delivery […]

Digital Options By IQ Option: A New Binary Trading App That Changes The Way Options Are Traded

Digital Options By IQ Option: A New Binary Trading App That Changes The Way Options Are Traded

Digital Options By IQ Option: A New Binary Trading App That Changes The Way Options Are Traded   If you are into binary options trading, you probably know that there are tons of apps that just exist – and don’t get the job done effectively. The traditional, old and outdated features are something that needs […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weak, Gold strong. PE Gold at 1338 is hanging around near term support at 1335 with no directional bias. As it is gets overbought, a fall to 1303 may be seen a clear break of 1335. Silver at 17.98 trades within the range […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weaker, Gold stronger. PE Gold at 1344 moved higher as The US Dollar (.DXY) Index failed to hold 92.50  and came down 92.29. The trading range for Gold is 1280-1350 with interim support at 1335. Gold is overbought near term so, I […]

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations $ORCL, $X, $DIS, $YOGA Daily HeffX-LTN reviews Wall Street analysts research reports to find new investing and trading ideas for our readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of Wall Streets Top analysts upgrades, downgrades and initiations for Wednesday, as follows: Oracle Corp. (NYSE:ORCL) started […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished higher Tuesday with Soybean futures rising 2% on a mix of technical buying and forecasts for dry weather in the Midwest that could threaten late-season yield prospects. Corn and Wheat futures followed the higher trend. The most active Corn […]

China Begins Resetting The World’s Reserve Currency System

China Begins Resetting The World’s Reserve Currency System

China Begins Resetting The World’s Reserve Currency System $GLD, $OIL, $CNY It is a strategic move swapping Crude Oil for Gold, rather than for US Treasuries, which can be printed at will. A report released by the Nikkei Asian Review indicates that China is prepared to release a RMB Yuan denominated Crude Oil futures contract […]

UAE Building Non-Oil Sector

UAE Building Non-Oil Sector

UAE Building Non-Oil Sector The UAE total non-Oil foreign trade volume of Q-1 2017 reached approximately AED401 billion against AED388 billion during the same period last year, a growth of 3.2 percent, according to statistics released by the Federal Customs Authority. Direct foreign trade, which represents 68 percent of the UAE’s total trade volume, was […]

Cryptocurrency Crackdown Sparks a Rush to Gold

Cryptocurrency Crackdown Sparks a Rush to Gold

Cryptocurrency Crackdown Sparks a Rush to Gold $BTCUSD, $GLD, $BAC Market guru Mark Mobius said he is sensing danger in the explosive growth of cryptocurrencies. Governments will begin clamping down on digital currencies because of their use in illicit financing, with terrorist groups to drug dealers contributing to their rise, Mr. Mobius, Executive Chairman at […]

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions $GLD NKorea launches or threatens to launch a missile, Gold rises, stocks fall, things calm down and stocks make up their losses, what has been a recurring story YTD. The Big Q: Is it different this time? The Big A: After NKorea said it […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1341 is headed to 1350 with the support at 1335 intact. The is concern about the sustainability beyond 1350-55, due to short term overbought condition. Silver at 17.96 is highly overbought in here, and price correction to 17.50 could […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains saw an upbeat week for the grains futures, but the prices continues sat seasonal lows. During the trading week which ended on 1 September, the most active Corn contract for December delivery rose 1.75 cents, or 0.5%, to 3.5525 bu. Following […]

WW3: Gold Prices Could Rise to $10,000 oz

WW3: Gold Prices Could Rise to $10,000 oz

WW3: Gold Prices Could Rise to $10,000 oz $GLD, $SLV, $USD, $DXY, $AUD, $JPY Sunday, best-selling author James Rickards warned that Gold is poised to spike to 10,000 oz because of global political instability. Personally, I expect Gold attack the resistance at 1,500 in Y 2018. And not be shocked by a run that brings it […]

Stocks “Lost” August Has Investors Looking at Precious Metals

Stocks “Lost” August Has Investors Looking at Precious Metals

Stocks “Lost” August Has Investors Looking at Precious Metals $SPY, $GLD, $SLV  For evidence it hasn’t been business as usual for the stock market lately, consider a feat of price acrobatics it just pulled off that has no precedent in two decades of trading history. It’s the S&P 500 Index’s (SPY) recent refusal to deviate […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1324 moved higher as .DXY failed to hold its ground above 93. The trading range for Gold is 1280-1350 with an interim resistance at 1335. Gold is not overbought in here thus a quick rally could be seen on […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished higher Thursday over fund short-covering and poor Canadian Wheat crop. The most active Corn contract for December delivery rose 12.25 cents, or 3.55%, to 3.5775 bu. December Wheat delivery gained 4.75 cents, or 1.11%, to settle at 4.345 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1307 responded to its highly overbought condition and moved lower in line with my expectation, but there is no change in the trading range within 1280-1350, with a pivot at 1300. I am Bullish Gold while it is trading […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Wednesday as funds kept selling ahead of a the 3-day US holiday weekend. The most active Corn contract for December delivery fell 3.25 cents, or 0.93%, to 3.455 b. December Wheat delivery closed unchanged at 4.2975 bu. November […]

Gold Has Broken Through the Psych Resistance at 1300 oz, Next?

Gold Has Broken Through the Psych Resistance at 1300 oz, Next?

Gold Has Broken Through the Psych Resistance at $1300 oz, Next? $GLD Gold has broken the 1,300 0z  the Psych resistance mark that has held since October 2016. Today the metal trades at 1,324. This rise is being attributed in part to a weakened USD after the head of the ECB refrained from talking down […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1318 is trading above 1300 due to weakness in .DXY at 92.24, the trading range for Gold is within 1280-1350 with a pivot at 1300. Gold is highly overbought near term, so I am not confident about the sustainability […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

  Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished mixed Tuesday with managed funds keeping their net short positions. The most active Corn contract for December delivery fell 2.25 cents, or 0.64%, to 3.4875 bu. December Wheat delivery rose 1.75 cents, or 0.41% to 4.2975 bu. […]

Record Fuel Inventories to Buffer Supply Shortfalls Caused by Harvey

Record Fuel Inventories to Buffer Supply Shortfalls Caused by Harvey

Record Fuel Inventories to Buffer Supply Shortfalls Caused by Harvey $USO, $UNG, $UGA Record Crude Oil and refined products stocks will cushion potential shortages caused by Hurricane Harvey, the International Energy Agency (IEA) said Tuesday, adding that it could release emergency oil stocks in the event of extended outages. Some Crude Oil production and about […]

Gold Rises to 2017 Highs on NKorea Missile Test, Stocks Ignore Event

Gold Rises to 2017 Highs on NKorea Missile Test, Stocks Ignore Event

Gold Rises to 2017 Highs on NKorea Missile Test, Stocks Ignore Event $DIA, $SPY, $QQQ, $VXX Investors Shrug Off NKorean Missile Launch Gold rallied to the highest level this year after North Korea fired a ballistic missile over Japan, boosting haven demand. Palladium extended a rally and platinum rose above $1,000 an ounce. NKorea rattled […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1323 is now stable just above its Psych  support at 1300 . The next resistance at 1350. My concern is the near term overbought condition in Gold, so a short term correction is needed to 1300ish before the next […]

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Monday as funds increased short positions in Corn, Wheat and Soybeans. The most active Corn contract for December delivery fell 2.5 cents, or 0.71%, to 3.51 bu. December Wheat delivery slid 7.25 cents, or […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1294.38 is stable just below Key psych resistance at 1300 and has been ranged within 1280-1295 region several sessions.  Could this mean that the stability in the price is an indication of a base building before a sharp […]

Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week

 Chicago Agriculture Commodities Finished Mixed on the Week $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished mixed on the week ended 25 August, as fund selling and the professional crop tour weighed on grains prices. The most active Corn contract for December delivery dropped 12.25 cents weekly, or 3.35%, to 3.535 bu. […]

Morgan Stanley Notes: Bitcoin Cannot Match Gold as Inflation Hedge

Morgan Stanley Notes: Bitcoin Cannot Match Gold as Inflation Hedge

Morgan Stanley Notes: Bitcoin Cannot Match Gold as Inflation Hedge $GLD, $BTCUSD, $MS, $GS Bitcoin is better than Gold and is probably better than conventional fiat (paper) currencies as a medium of exchange. But the conventional view that this new cryptocurrency is also superior to Gold as a hedge against inflation and uncertainty still needs […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher  $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished higher Thursday with Soybean futures climbing nearly 1%, lifted by strong export demand and gains in Soyoil prices. Corn and Wheat futures rallied late in the trading session on short-covering after prices for each earlier notched life-of-contract lows. […]

UAE Plans for Massive Growth in Non-Oil Sectors

UAE Plans for Massive Growth in Non-Oil Sectors

The Ministry of Economy is working on a number of laws to help increase productivity of the economy and boost the contribution of the non-oil sector to 80 per cent by 2021 from around 70 per cent now, Sultan Al Mansouri, the Minister of Economy told “The National” in an exclusive interview. The draft investment […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1289 did not move higher than its psych resistance at 1300, could remain in a sideways channel of 1275-1298 Thursday and Friday. Silver at 16.93 is ranged within 16.50-17.05, a daily close above 17.05 could open up 17.50. Copper […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed  $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished mixed Wednesday with Corn futures sinking to their lowest levels of the year on fund-driven technical selling and plentiful global grain supplies. Wheat futures rose on bargain-buying after front months fell to contract lows, while Soybean futures firmed […]

On Market Breadth and NYSE 52Wk Highs and Lows

On Market Breadth and NYSE 52Wk Highs and Lows

On Market Breadth and NYSE 52Wk Highs and Lows $DIA, $GLD, $SLV Here’s the Bear’s Eye View (BEV) for the Dow Jones (DJIA) going back to January 1982, a period of market history that covers the entire August 1982 to August 2017 market advance. What’s a BEV plot? It displays the market exactly as Mr […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1289 is hanging around Key psych resistance at 1300 and if this resistance breaks, a fast move to 1317-25 cannot be ruled out. Or it remains in a sideways move which may push it to the support of 1275 […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished mixed Tuesday with wheat futures sinking to contract lows, weighed down by abundant global supplies and technical selling as prices extended a fall that started in early July. After Monday’s United States Department of Agriculture Crop Progress Report that showed […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1294 moved up in line with my expectation, while it remains above 1275-80 there is chance of re-testing 1300-07 near term. Barring that, a fall towards 1260 is possible. Note: As .DXY at 92.92 is headed to 92.50, […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Monday with Wheat futures falling more than 1%, on technical selling and easing concerns that dry weather would reduce harvests. The most active Corn contract for December delivery fell 2.75 cents, or 0.75%, to 3.63 bu. December wheat […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary:  The commodities listed below are all trading below resistances and could move up in the next few sessions before seeing a corrective dip medium term. PE Gold at 1285.62 came off from resistance at 1300, but while it remains above 1275, there […]

Chicago Agriculture Commodities Saw a Volatile Week

Chicago Agriculture Commodities Saw a Volatile Week

Chicago Agriculture Commodities Saw a Volatile Week $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures saw a week of fluctuations, with a overall downturn on Friday’s weekly close. During the week ended 118 August the most active Corn contract for December delivery fell 9 cents, or 2.40%, to 3.6575 bu. A Bearish report […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1292 is hanging around its Key psych resistance at 1300 and if it resistance breaks, a quick move to 1317-25 cannot be ruled out. Otherwise it will stay in a sideways move that may take it to support at […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished mixed Thursday with Soybean posting gains for the 2nd day running, boosted by strong demand from China.The most active Corn contract for December delivery fell 2.25 cents, or 0.61%, to 3.6425 bu. December Wheat delivery went down 6.25 […]

S&P Copper Report

S&P Copper Report

S&P 500 Copper (Sub Ind) (INDEXSP:SP500-15104025) S&P Copper closed up 8.048 at 148.592. Volume was -0% below average (neutral) and Bollinger Bands were 20% wider than normal. Open             High              Low                Close Volume___ 148.592    148.592           148.592           148.592 […]

Gold and Crude Oil Briefing

Gold and Crude Oil Briefing

Gold and Crude Oil Briefing $GLD, $OIL, $USO Commentary: Crude Oil falling on Very Bullish inventories as the FOMC boost Gold. PE The official US Crude Oil inventories delivered Wednesday announcing a huge drawdown, but crude prices themselves did not. After a brief rally following the numbers, both Brent Crude, and WTI Crude Oil collapsed […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished mixed Wednesday with Corn and Wheat posting further losses due to favorable weather and ample stocks. The most active Corn contract for December delivery fell 2 cents, or 0.54%, to 3.665 bu December Wheat delivery went down 9 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1279 struggles to rise above 1300, only a break above that may open up the higher target at 1327. Crucial supports stands at 1258 and 1230. If support at 1230 breaks, there will be a further decline […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Tuesday with Corn and Wheat posting more than 2% losses on the day The most active Corn contract for December delivery fell 7.75 cents, or 2.06%, to 3.685 bu. December Wheat delivery went down 11.75 cents, or […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished mixed Monday as bargain-buying boosted the prices of corn and wheat.The most active Corn contract for December delivery rose 1.5 cents, or 0.4%, to 3.7625 bu. September Wheat delivery went up 1.75 cents, or 0.4% to 4.41 bu. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Overall Crude Oil prices could fall in the coming sessions; Silver could have some more room to the Northside; Gold looks Bearish. PE Gold at 1287.59 has come from 1292 seen last week. 1st resistance is seen near 1296, which if holds could […]

Chicago Agriculture Commodities Finished Down on the Week

Chicago Agriculture Commodities Finished Down on the Week

Chicago Agriculture Commodities Finished Down on the Week $CORN, $WEAT, $SOYB  Chicago Board of Trade (CBOT) grains futures finished lower on week which ended 11 August, mostly on National Agricultural Statistics Service’s (NASS) Bearish US crop yield.The most active Corn contract for December delivery fell 6.25 cents weekly, or 1.67%, to 3.7475 bu. September Wheat […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold  at 1291 rose in line with expectations and broke above 1st resistance at 1285 thus it might continue the rally to 1300-1315. Failure to rise above 1300 may push it to 1280, then 1267. Will remain Bullish Gold while it […]

Chicago Agriculture Commodities Finish Down

Chicago Agriculture Commodities Finish Down

Chicago Agriculture Commodities Finish Down $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished down sharply Thursday with Corn, Wheat and Soybean futures dropping more than 3%, after the US Department of Agriculture (USDA) crop forecast turns out to be well above average trade estimates. The most active Corn contract for December delivery […]

Extreme Heat in Europe Wilting Crops & Stoking Drought

Extreme Heat in Europe Wilting Crops & Stoking Drought

Extreme Heat in Europe Wilting Crops & Stoking Drought $CORN There’s increasing evidence that the extremely hot and dry Summer in central and south eastern Europe has decimated crops, drained rivers and hurt the animal world. Experts say the prolonged drought has destroyed an estimated 60% of Corn crops in Serbia, while the government’s ministry […]

Gold is an “All Weather Investment”

Gold is an “All Weather Investment”

Gold is an “All Weather Investment” $GLD The Big Q: What do savvy Wall Street traders see in physical Gold, and why are they adamant about holding it? The former head of ETF Trading at Lehman Brothers said he discovered Gold in Y 2005 when the launch of the SPDR Gold Shares ETF (NYSEArca:GLD) drew his attention […]

OPEC Crude Oil Production Rises Above Its Output Ceiling

OPEC Crude Oil Production Rises Above Its Output Ceiling

OPEC Crude Oil Production Rises Above Its Output Ceiling $OIL, $USO Crude Oil production across all OPEC countries rose again in July, to above the marks the cartel had agreed would be the upper limit, and above the estimated level of global demand. OPEC said Thursday in a market report that its countries’ production rose […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1276.42 has risen in line with our expectations but needs a break above the immediate resistance of 1285 to continue the rally towards 1300. Failure to rise above 1285 may push it back to 1250, but at this […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished mixed Wednesday with Corn and Soybean higher as weather forecasts remain dry for much of the Midwest. The most active Corn contract for December delivery added 2.5 cents, or 0.65%, to 3.8625 bu/ September Wheat delivery went up 2.5 […]

The DJIA Has Been Moving from 1 New All-time High to Another

The DJIA Has Been Moving from 1 New All-time High to Another

The DJIA Has Been Moving from 1 New All-time High to Another $DIA, $GLD, $VXX The last article I sent out was on the weekend of July 15, and since then the DJIA has seen 10 new all-time highs. In fact, since July 11 the Dow Jones Industrial Average has increased from 21,409.07 to 22,092.81 […]

Managed Money Saying ‘Reduce Risk’

Managed Money Saying ‘Reduce Risk’

Managed Money Saying ‘Reduce Risk’ $DIA, $SPY, $QQQ, $GLD, $VXX Some of the biggest money managers have a message for investors, it is time to reduce risk, aka take some profits off of the table. Investors should pare US stocks and high-yield debt while shifting to lower-risk assets, such as Treasuries and mortgage-backed securities, according to […]

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