Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Agriculture commodities are up on US-China trade talks. Crude Oil off on supply./demand issues my view is Bearish in here. PE Crude Oil and Metals Crude Oil prices fell Friday, with NYMEX WTI Crude heading for a 7th weekly decliner on increasing concerns about slowing global economic […]

GOLD 1 OZ (XAU=X) has Deteriorated

GOLD 1 OZ (XAU=X) has Deteriorated

GOLD 1 OZ (XAU=X) has Deteriorated Gold prices edged down, wrapping up a corrective bounce following overnight 1.5-year lows. The December Comex gold futures were last seen trading at $1,182.70, down 0.19% on the day. Technically, gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Almost all major commodities have fallen sharply and trading lower. Near term view is Bearish in here. PE Crude Oil and Metals NYMEX WTI Crude at 64.96 is off sharply and looks Bearish near term to 62-60. ICE Brent Crude  at 71.00 sees 1st […]

Turkey’s Problems with the US will be Resolved

Turkey’s Problems with the US will be Resolved

Turkey’s Problems with the US will be Resolved Turkish President Tayyip Erdogan’s spokesman said Wednesday he expected problems with the United States, which helped drive the lira to record lows, to be resolved but Washington must stop trying to influence Turkey’s judiciary in a reference to the detention of Pastor Brunson for spying. Ibrahim Kalin […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals Commodities at the close in New York Tuesday NYMEX WTI Crude Oil -0.3% to 67.05 (USO) Gold +0.1% to 1200.60 oz (GLD) Copper -1.8% to 2.68 lb  (CU) Commentary: The hard commodities have weakened, while the agriculture commodities have strengthened in here. PE […]

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62 Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,226.00. Bears’ next near-term downside price breakout […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals Commentary: These commodities look stable in here. PE NYMEX WTI Crude at 67.53 looks likely to hold below resistance at 68 in here moving down to re-test 66. ICE Brent Crude at 72.92 looks like it trade within the 73.50-71.00 zone during the next 3 […]

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers Traders said weak demand from local jewelers and retailers at domestic spot market weighed on the gold prices. Technically, gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals Commentary: These commodities look stable in here. PE NYMEX WTI Crude at 67.65 could trade in the 68.50-66.00 range near term. Long term support is seen, which if holds is Bullish WTI Crude could move to 70 or higher medium term. […]

GOLD 1 OZ (XAU=X) down around 6.7% so far this year

GOLD 1 OZ (XAU=X) down around 6.7% so far this year

GOLD 1 OZ (XAU=X) down around 6.7% so far this year Gold prices are down around 6.7% so far this year, pressured lower by the stronger dollar and rising interest rates. Investors have also shunned the precious metal despite an escalation in global trade tensions, indicating that gold may be losing its safe haven status. […]

GOLD 1 OZ (XAU=X) seeing some stabilization

GOLD 1 OZ (XAU=X) seeing some stabilization

GOLD 1 OZ (XAU=X) seeing some stabilization Gold and silver prices are steady to slightly higher in quieter early-afternoon U.S. trading Thursday. Both metals are seeing some stabilization this week after recently notching 12-month lows. December gold futures were last down $0.10 an ounce at $1,220.90 Gold got a slight boost following this morning’s U.S. […]

GOLD 1 OZ (XAU=X) edged up on a steady U.S. dollar

GOLD 1 OZ (XAU=X) edged up on a steady U.S. dollar

GOLD 1 OZ (XAU=X) edged up on a steady U.S. dollar Gold prices edged up on a steady U.S. dollar early Tuesday, but expectations for further interest rate hikes in the United States supported the greenback and limited interest in the metal. Gold prices have declined nearly 12% since mid-April, pressured by a stronger US […]

GOLD 1 OZ (XAU=X) Down, But Potential Upside Spark Looms

GOLD 1 OZ (XAU=X) Down, But Potential Upside Spark Looms

GOLD 1 OZ (XAU=X) Down, But Potential Upside Spark Looms Global stock markets were mostly lower overnight, led by losses in Asia, on fears of a protracted trade war between the world’s two largest economies: the U.S. and China. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 73.55, and NYMEX WTI Crude at 68.78 look Neutral. WTI Crude  is ranged in here within 69.0-67.5, and may rise above 69, Brent Crude could move above 74 and could not in here. Gold At 1224.20 is up […]

GOLD 1 OZ (XAU=X) Gold Prices Gets Stronger

GOLD 1 OZ (XAU=X) Gold Prices Gets Stronger

GOLD 1 OZ (XAU=X) Gold Prices Gets Stronger Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,250.00. Bears’ next near-term downside price breakout objective is […]

Russia Sells US Treasuries, Buys Gold

Russia Sells US Treasuries, Buys Gold

Russia Sells US Treasuries, Buys Gold $GLD Russia is buying Gold, and selling its US Treasuries to avoid “political blackmail,” according to a precious metals market analyst. “This is also a kind of political declaration, stating that countries which have too many dollars can become the object of political blackmail,” the expert, Munich-based Dimitri Speck […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 73.36 and NYMEX WTI Crude at 68.95 bounced supports, and they could start moving up medium term towards 78 and 72 in here. Gold at 1216.20 came off and can test to 1200 next week. Then a bounce from 1200 is […]

Gold Production Outlook

Gold Production Outlook

Q2 total supply was up 3% y-o-y, supported by production and recycling growth Q2 was the highest second quarter on record, boosting mine production by 4% y-o-y during H1 Net de-hedging of 10t in Q2 as gold price weakened; global hedgebook now 248t Recycled gold supply grew 4% in Q2, driven by Turkey and Iran […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 72.79 has come down, it could test 72.50 before the price could rise back over the next couple sessions. Support is likely to hold and could possible take the price higher soon. Nymex WTI at 67.97 sees support at […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.35)could bounce from support at 68. There is little support below 68. ICE Brent Crude at 73.89 came off from 76 and continues to lower. A test of support at 72.50 is possible now. Note: Both the Crude Oil […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 70.14, +0.01%, and ICE Brent Crude at 75.44, +0.63% bounced from support on the longer term charts and now look Bullish medium term. ICE Brent Crude could move to 78, NYMEX WTI Crude to 72. Gold at 1229.920, -0.13% […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.82, +0.19% at 1st support, while that holds, a fall below 68 seems unlikely. A rise from 68 is possible in here, targeting 71. Near term looks Bullish above 68. ICE Brent Crude at 74.22, -0.09% is […]

GOLD 1 OZ (XAU=X) monitoring developments in the global trade conflict

GOLD 1 OZ (XAU=X) monitoring developments in the global trade conflict

GOLD 1 OZ (XAU=X) monitoring developments in the global trade conflict Gold prices settled lower for the day and for the week on Friday as the bearish trend in the yellow metal continued. Expectations for higher rates tend to be bearish for gold, which struggles to compete with yield-bearing assets when rates rise, while a […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 69.55 can test at 71-72 before comes off medium term. We wait, we watch for now. ICE Brent Crude at 74.40 has bee moving up fro support at 71, while that holds the price may target 76 soon. […]

GOLD 1 OZ (XAU=X) solid overall near-term technical advantage

GOLD 1 OZ (XAU=X) solid overall near-term technical advantage

GOLD 1 OZ (XAU=X) solid overall near-term technical advantage Technically, gold bears still have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in August futures above solid resistance at $1,250.00. Bears’ next near-term downside price […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 69.40, and ICE Brent Crude at 74.41 are trying to move up, while that continues, WTI Crude could move up towards 71-72 while Brent Crude could test 76+  near term. Gold (1232.40) if sustains a rise above 1230, could […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:  Not much strength is seen in the commodities in here. Crude Oil and Gold prices look Bearish, while Copper could remain ranged now. PE NYMEX WTI Crude at 68.80 and ICE Brent Crude 73.91 have risen from supports, and while they hold, the prices may […]

GOLD 1 OZ (XAU=X) under heavy selling pressure

GOLD 1 OZ (XAU=X) under heavy selling pressure

GOLD 1 OZ (XAU=X) under heavy selling pressure Fall in demand from local jewellers and retailers at the domestic spot markets weighed on gold prices. Gold prices softened for the second straight day on Tuesday amid a weak global trend but silver rates rose on scattered enquiries from industrial units and coin makers. Experts hoped […]

Racist South Africa: Gold Mining Industry will Collapse

Racist South Africa: Gold Mining Industry will Collapse South Africa’s 140-year-old gold industry – which was once the world’s largest – is now facing a major crisis. The country’s mineral council says 75 percent of gold mines are unprofitable or barely making money. The announcement comes as the sector enters wage talks with its employees. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:  Not much strength is seen in the commodities in here. Crude Oil and Gold prices look Bearish, while Copper could remain ranged now. PE NYMEX WTI Crude at 67.66,-0.34% dipped and has room to 66-65, while ICE Brent Crude at 72.77, -0.36% could also […]

GOLD 1 OZ (XAU=X) remain fully bearish on a near-term basis

GOLD 1 OZ (XAU=X) remain fully bearish on a near-term basis

GOLD 1 OZ (XAU=X) remain fully bearish on a near-term basis Gold and silver prices are slightly lower in early U.S. trading Tuesday. Both metals are not far above last week’s 12-month lows, and their technical postures remain fully bearish on a near-term basis. August gold futures were last down $1.60 an ounce at $1,229.60. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.10, -0.23% has room in the Southside to 65 and if the price falls, it likely drags ICE Brent Crude 72.85, -0.30% lower levels in here. Note: 70-71 is important support for ICE Brent Crude and is likely to […]

Colombian Navy has Found the “Holy Grail” of Shipwrecks Just off Cartagena.

Colombian Navy has Found the “Holy Grail” of Shipwrecks Just off Cartagena.

Colombian Navy has Found the “Holy Grail” of Shipwrecks Just off Cartagena. Colombia’s government advances toward salvaging the treasure from the sunken Spanish galleon San Jose. Sitting at the bottom of the ocean, just off Colombia’s coast, is one of the Western Hemisphere’s richest treasures: a Spanish galleon packed with billions of dollars worth of […]

Turkey and US Hold Talks on Coming Iran Sanctions

Turkey and US Hold Talks on Coming Iran Sanctions

Turkey and US Hold Talks on Coming Iran Sanctions $OIL, $GLD US and Turkish officials met Friday to discuss impending American sanctions on Iran. US Assistant Secretary for Terrorist Financing Marshall Billingslea, met with Turkish treasury and foreign ministry officials, said his talks in Ankara were very “positive” and that there was “no hostility” on […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.10, -0.21%, and ICE Brent Crude at 72.56, -0.03% are hanging just above important support. Brent Crude could spend some time ranged within 74-71. WTI Crude has room on the Southside to 66.0-65.50,which is likely to hold […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI at 68.81 is up from 67, while the price trades higher, it can test at 72. But, a fall from 70 open the way to 66-65 medium term. For now while above 67, price might move higher. ICE […]

GOLD 1 OZ (XAU=X) Support at $1204

GOLD 1 OZ (XAU=X) Support at $1204

GOLD 1 OZ (XAU=X) Support at $1204 GOLD PRICES set new 12-month lows against a rising Dollar on Wednesday in London, touching $1222 per ounce as the US currency rose yet again following weaker-than-expected Eurozone and UK inflation data. Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Commodities are in a downtrend and under strong Bear influence. PE Note: Crude Oil prices continue to fall on increased supply and reduced demand from China. Libyan production is rising, as is Russian output, and Saudi Arabia is pumping record volumes which is […]

Most Investors Pick Stock Funds as Best Long-Term Investment

Most Investors Pick Stock Funds as Best Long-Term Investment

Most Investors Pick Stock Funds as Best Long-Term Investment $SPY Investors have selected stock index or mutual funds over 5 other investments as the best for the long term results, according to the latest Wells Fargo/Gallup Investor and Retirement Optimism survey. Real estate and individual stocks are a distant second. Fully 54% of investors choose […]

‘Big Blue'(NYSE:IBM) Partners with Stronghold for New Digital Coin

‘Big Blue

‘Big Blue'(NYSE:IBM) Partners with Stronghold for New Digital Coin $IBM Tuesday, IBM aka Big Blue (NYSE:IBM) announced that is backing a new cryptocurrency pegged to the USD, in a partnership with US-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. Dubbed the stable coin, Stronghold USD, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Nothing new. PE ICE Brent Crude 72.25, +0.57% below support at 73 and now targets 70. The sharp fall in Crude Oil prices came in after comments from US Treasury Secretary Steven Mnuchin stated that the administration will consider the use of waivers for countries to […]

GOLD 1 OZ (XAU=X) hovering near their 12-month lows

GOLD 1 OZ (XAU=X) hovering near their 12-month lows

GOLD 1 OZ (XAU=X) hovering near their 12-month lows Technically, the gold bears have the solid overall near-term technical advantage. A three-month-old downtrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at the July high of $1,266.90. Bears’ […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Nothing new. PE ICE Brent Crude at 74.84, -0.65% bounced from support, while that holds, Brent Crude is Bullish to 78-79 near term. NYMEX WTI Crude at 70.60, -0.58% has room on the Southside but may come 73 on a rise in Brent Crude, may not […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are weak. PE ICE Brent Crude at 74.17, -0.38% has some support in here, and could bounce over the next few sessions targeting 77 […]

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market Gold prices are modestly up in early U.S. dealings Thursday. Some short covering in the futures market is featured, following recent selling pressure. Still, buying interest remains squelched by a rally in world stock markets and by a rebounding U.S. dollar index late this […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are weak. PE ICE Brent Crude 74.62 and NYMEX WTI Crude at 70.76 have fallen sharply. Note: Crude Oil prices started falling yesterday after […]

Gold Prices Carve Fresh Bearish Sequence After Posting July-High

Gold Prices Carve Fresh Bearish Sequence After Posting July-High

Gold Prices Carve Fresh Bearish Sequence After Posting July-High Gold fell initially to open the day on Tuesday, reaching down to the psychologically important $1250 level. That’s an area that has been important more than once, and of course has a certain amount of psychological importance to it. If we can break above the $1260 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are also set dip. PE ICE Brent Crude at 78.08 dipped from  78.80 seen Tuesday. Near term trade within 77-79 is possible, and […]

Gold Price Bottom: Analysts See Signs That Selling Pressure Is Weakening

Gold Price Bottom: Analysts See Signs That Selling Pressure Is Weakening

Gold Price Bottom: Analysts See Signs That Selling Pressure Is Weakening Gold prices are moderately lower in early U.S. trading Tuesday. The safe-haven metals are suffering from a perceived lack of geopolitical risks in the marketplace at present. A higher U.S. dollar index today is also a negative for the precious metals markets. August gold […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE ICE Brent Crude at 78.37 is stable and unable to decide which direction in here. North is limited to 80-81 and will hold for now. A test at 79-80 near term, followed […]

Gold Prices Up As U.S. Dollar Momentum Fades

Gold Prices Up As U.S. Dollar Momentum Fades

Gold Prices Up As U.S. Dollar Momentum Fades Gold prices are moderately higher in early U.S. trading Monday, supported in part by a slipping U.S. dollar index that fell to a three-week low overnight. Some bargain hunting in the cash market and short covering in the futures market are also featured, following recent losses that […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE ICE Brent Crude at 77.50, and NYMEX WTI Crude at 74.12 look like they want come off to test to 75 and 65 respectively before moving up medium term. Note:Immediate view is […]

GOLD 1 OZ (XAU=X) Sellers Will Take Advantage of Limited Gains

GOLD 1 OZ (XAU=X) Sellers Will Take Advantage of Limited Gains

GOLD 1 OZ (XAU=X) Sellers Will Take Advantage of Limited Gains Technically, gold bears have the firm overall near-term technical advantage amid the price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in August futures above solid resistance at $1,275.00. Bears’ next near-term downside […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE ICE Brent Crude at 77.15 seeing Brent Crude falling from current marks to 76 near term on supply/demand concerns. NYMEX WTI at 72.82 could test 68 near to medium term before […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities now. PE ICE Brent Crude at 77.69 could trade sideways within 77-80 now. While it trades above 77 it could test 80 before coming off again. NYMEX WTI Crude at 73.84 sees resistance, and could […]

Will the US Dollar Fall Victim to the Trade War

Will the US Dollar Fall Victim to the Trade War

Will the US Dollar Fall Victim to the Trade War Trade war worries drag world stocks lower, yuan steadies Fed June minutes due Thursday, payrolls due Friday Gold rose to a one-week high on Wednesday, extending the prior session’s rebound from a seven-month low, helped by a softer U.S. dollar and smoldering trade policy tensions, […]

Is Gold 1 OZ (XAU=X) Winning the Trade War

Is Gold 1 OZ (XAU=X) Winning the Trade War

Is Gold 1 OZ (XAU=X) Winning the Trade War The Central Bank of Russia has boosted the share of Chinese currency and gold bullion in its reserves, diversifying from traditional holdings of foreign exchange assets like the US dollar. Russia is buying more yuan assets than other global central banks. With the buying spree of […]

GOLD 1 OZ (XAU=X) Rebound From Multi-Month Lows

GOLD 1 OZ (XAU=X) Rebound From Multi-Month Lows

GOLD 1 OZ (XAU=X) Rebound From Multi-Month Lows Gold and silver prices are moderately higher in early U.S. trading Tuesday, on some short covering in the futures markets and perceived bargain-basement buying in the cash markets. Gold hit a 12-month low overnight and silver scored a 6.5-month low on Monday. The key “outside markets” are […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Seeing weakness across the board in commodities now. PE ICE Brent Crude at 77.83 is holding below resistance at 80, while that holds, a dip to 76, and then a attempt 78+. NYMEX WTI Crude at 74.55 is also holding below important […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: US President Trump has called on Saudi Arabia to raise production. PE NYMEX WTI Crude at 73.22 is holding well in here, while that holds, the price will test to 72. ICE Brent Crude at 78.19 could still have some room on the […]

GOLD 1 OZ (XAU=X) All that glitters is not gold

GOLD 1 OZ (XAU=X) All that glitters is not gold

GOLD 1 OZ (XAU=X) All that glitters is not gold Gold’s losses in June, driven by an ascendant dollar, have put the precious metal on course for its biggest monthly drop since November 2016, when markets were roiled by Donald Trump’s victory in the U.S. election. Gold’s losses in June, driven by an ascendant dollar, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Again, Crude Oil prices have risen sharply against expectations. PE Note: US President Trump’s demands that allies stop importing Crude from Iran by 4 November this year could impact India as India and China fall under the major importers of Iranian Oil. Crude prices are trading […]

GOLD 1 OZ (XAU=X) stays at six-month low despite dollar losing steam

GOLD 1 OZ (XAU=X) stays at six-month low despite dollar losing steam

GOLD 1 OZ (XAU=X) stays at six-month low despite dollar losing steam Gold fell to its lowest level in more than six months on Thursday, as mounting pressure from trade disputes and the expectation of higher U.S. interest rates continue to weigh on bullion, despite the greenback losing steam. Investors are positioning for a potentially […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Crude Oil prices have risen sharply against expectations. PE Note: US President Trump’s demands that allies stop importing Crude from Iran by 4 November this year could impact India as India and China fall under the major importers of Iranian Oil. Crude prices are […]

GOLD 1 OZ (XAU=X) extends downward trend as dollar remains strong

GOLD 1 OZ (XAU=X) extends downward trend as dollar remains strong

GOLD 1 OZ (XAU=X) extends downward trend as dollar remains strong Gold prices dipped to a fresh six-month low on Wednesday as the U.S. dollar strengthened, making bullion more expensive for buyers using other currencies. Platinum also hit its lowest level since February 2016. Gold prices have shed more than 3 percent this month – […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Crude Oil bouncing near to medium term on Iraq production issues. PE Crude Oil prices have risen sharply against expectations ICE Brent Crude at 76.53, and NYMEX WTI Crude at 70.74 moved up and may continue to rise to 80 and 72 respectively then see […]

GOLD 1 OZ (XAU=X) hits more than six-month low as dollar, equities rebound

GOLD 1 OZ (XAU=X) hits more than six-month low as dollar, equities rebound

GOLD 1 OZ (XAU=X) hits more than six-month low as dollar, equities rebound Gold hit its lowest in over six months on Tuesday as a selloff in global risk assets eased and the precious metal remained under pressure from the prospect that rising U.S. interest rates will further support the dollar. Rising equities tend to […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Commodities look Bearish near to medium term. PE ICE Brent Crude at 74.79 could come off from 76 and re-test 73-72 near term, 72 is a good support on the longer term charts and we may see a fall below 72 medium […]

Why Bitcoin Should Work

Why Bitcoin Should Work

Why Bitcoin Should Work  $GS, $BTCUSD In a recent interview at the Economic Club of New York, Goldman Sachs CEO, Loyd Blankfein, said he adopted a cautiously positive tone towards bitcoin, terming it a “consensus currency” similar to fiat currencies. He had criticized bitcoin last November and called it a “vehicle to perpetrate fraud.” CEO […]

GOLD 1 OZ (XAU=X) down 0.54 pct, or 4.42 tonnes

GOLD 1 OZ (XAU=X) down 0.54 pct, or 4.42 tonnes

GOLD 1 OZ (XAU=X) down 0.54 pct, or 4.42 tonnes SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.54 percent to 820.21 tonnes on Monday from 824.63 tonnes on Friday. In terms of ounces, holdings HLDSPDRGT=XAU fell to 26,370,706.78 ounces from 26,512,801.38. Overall, the bias in prices is: Downwards. […]

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: OPEC to raise production by 1-M BPD, President Trump wanted lower Crude Oil prices he will get them. PE Gold at 1271.60 may try to move to 1280 in here there is room for the move. ICE Brent Crude at 74.12 sees resistance at 76, while […]

GOLD 1 OZ (XAU=X) Weekly Outlook: June 25 – 29

GOLD 1 OZ (XAU=X) Weekly Outlook: June 25 – 29

GOLD 1 OZ (XAU=X) Weekly Outlook: June 25 – 29 Gold looks likely to remain vulnerable amid worries over higher U.S. interest rates boosting Treasury yields, after the yellow metal registered a second weekly decline last week, ending close to its lowest levels since December. Gold futures for August delivery tacked on 60 cents to settle […]

Russia Dumps Dollar Buys Gold

Russia Dumps Dollar Buys Gold

US sanctions have forced Russia to look at ways of securing its foreign reserves. In recent years, Moscow has increased purchases of physical gold and dramatically reduced its share of US debt bonds. The political standoff started in 2014, shortly after the conflict in Ukraine and the referendum in Crimea in favor of joining Russia. […]

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: OPEC to raise production by 500-K BPD, and while the markets wait for some decision from the OPEC meeting, Crude Oil prices may trade up a bit then down, President Trump want lower Crude Oil prices. PE Gold at 1268.90, I am looking for […]

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 1269.80 broke below 1270, while that holds, medium term view turns Bearish with possibilities of testing to 1250-1240 in the next week or 2. ICE Brent Crude at 74.63 sees near term resistance at 76, and while it trades below […]

GOLD 1 OZ (XAU=X) Gold Prices Down On Technical Selling

GOLD 1 OZ (XAU=X) Gold Prices Down On Technical Selling

GOLD 1 OZ (XAU=X) Gold Prices Down On Technical Selling Gold prices are moderately lower and hit another six-month low in early-afternoon U.S. trading Wednesday. Silver prices are slightly lower and hit a four-week low. The near-term technical postures for both metals have deteriorated the past week, which is inviting the chart-based sellers into the futures […]

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 1276.30 seeing 1st support on the 3-Day lines and candles. If it holds, may see a bounce towards 1300, barring that an indication of medium term Bearishness may be triggered on a fall below 1270, then a test to […]

GOLD 1 OZ (XAU=X) Can’t Escape Raw Commodity Downdraft

GOLD 1 OZ (XAU=X) Can’t Escape Raw Commodity Downdraft

GOLD 1 OZ (XAU=X) Can’t Escape Raw Commodity Downdraft Technically, gold bears have the overall near-term technical advantage and have re-established a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in August futures above solid resistance at $1,300.00. Bears’ next near-term downside price […]

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