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 […]

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities traded higher Wednesday morning, but the upward momentum boosted by declined crop ratings seemed  weak. As of 1459 GMT, the most active December Corn was up 1.5C at 3.6125 bu, and Soybean contract for November delivery rose 1.25c at 8.565, while September […]

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 […]

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities traded higher Tuesday, with Corn and Soybean futures rising over declined crop ratings. As of 1459 GMT, the most active December Corn was up 5c at 3.605 bu, and Soybean contract for November delivery rose 9.5c at 8.5525, while September Wheat was […]

SILVER 1 OZ 999 NY (XAG=X) Hits 12 Month Low

SILVER 1 OZ 999 NY (XAG=X) Hits 12 Month Low

SILVER 1 OZ 999 NY (XAG=X) Hits 12 Month Low The silver bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the July high of $16.26 an ounce. The next downside price breakout objective for the bears is closing prices below […]

US Considering Crude Oil Waiver on Iran Sanctions for 1 Country

US Considering Crude Oil Waiver on Iran Sanctions for 1 Country

US Considering Crude Oil Waiver on Iran Sanctions for 1 Country $OIL, $USO The Trump Administration is pushing countries to cut all imports of Iranian Crude Oil from November on. The US wants to avoid disrupting global Crude Oil markets as it reimposes sanctions against Tehran and in certain cases will consider waivers for countries […]

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 […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished mixed Monday morning, with soybean futures rebounding from record lows due to the US-China trade tensions. As of 1454 GMT, the most active Soybean contract for November delivery rose 14.5c at 8.4875 bu, and December Corn was up 3.5c at 3.5825 […]

United States Oil (USO) closing below a key short-term level

United States Oil (USO) closing below a key short-term level

United States Oil (USO) closing below a key short-term level Crude-oil prices early Monday were trading sharply lower, with the U.S. benchmark on track to drop beneath a key short-term level that could imply near-term momentum for the commodity is eroding. August West Texas Intermediate crude CLQ8, -0.15% was trading at $69.56 a barrel, off […]

SILVER 1 OZ 999 NY (XAG=X) Slip Amid Steep Drop In Crude Oil

SILVER 1 OZ 999 NY (XAG=X) Slip Amid Steep Drop In Crude Oil

SILVER 1 OZ 999 NY (XAG=X) Slip Amid Steep Drop In Crude Oil Gold and silver prices were modestly lower in early-afternoon U.S. trading Monday. Both markets are hovering near their 12-month lows set last week. Scant risk aversion in the marketplace the past several weeks has most traders and investors avoiding the safe-haven metals. […]

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’ […]

China and Russia back Iran

China and Russia back Iran

China and Russia back Iran The enemy of my enemy is my friend is an ancient proverb which suggests that two opposing parties can or should work together against a common enemy. Moscow and Tehran are expanding economic cooperation, with Russia planning multi-billion dollar investments in Iran’s energy sector. The move comes as major Western […]

World’s Biggest Oil (USO) Traders are Counting Hefty Losses

World’s Biggest Oil (USO) Traders are Counting Hefty Losses

World’s Biggest Oil (USO) Traders are Counting Hefty Losses The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market. Trading desks of oil major BP and merchants Vitol , Gunvor […]

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 […]

Chicago Agriculture Commodities Finished Mixed 

Chicago Agriculture Commodities Finished Mixed 

Chicago Agriculture Commodities Finished Mixed $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished  mixed Friday, with soybean futures ending at record lows on ongoing US-Sino trade frictions. The most active Corn contract for December delivery went down 4.5c, or 1.25% to close at 3.5475 bu. November Soybean delivery dropped 15c, or 1.77% to […]

Silver Markets may see possible correction towards 16.46

Silver Markets may see possible correction towards 16.46

Silver Markets may see possible correction towards 16.46 The strong dollar looks likely to remain a significant headwind for gold this week, with bearish price action in the precious metal looking set to continue despite growing risk aversion. Metals traders will be looking ahead to Federal Reserve Chairman Jerome Powell’s testimony on the economy and […]

President Trump, “Oil Prices are too high, Not good”

President Trump, “Oil Prices are too high, Not good”

President Trump, “Oil Prices are too high, Not good” $USO, $OIL, $UGA “An SPR release would have a psych impact on the market. It may not translate into lower gasoline prices, but it would immediately bring down Crude Oil prices until the market adjusts” The Trump Administration is considering tapping into the nation’s emergency supply […]

Oil Price: Iran has threatened to block the Strait of Hormuz

Oil Price: Iran has threatened to block the Strait of Hormuz

Iran has threatened to block the Strait of Hormuz, a vital artery for oil shipments from the Middle East. The warning comes in response to the US, which is trying to cut off Iranian crude exports. After pulling out of a landmark international deal curtailing Tehran’s nuclear program, Washington has ordered countries to cease buying […]

United States Oil (USO) holds ground at a more than 2-week low

United States Oil (USO) holds ground at a more than 2-week low

United States Oil (USO) holds ground at a more than 2-week low Oil settled on a mixed note Thursday, with U.S. benchmark prices posting a slight decline but global benchmark prices rebounding from the three-week low they hit a day earlier. A monthly report from the International Energy Agency hinted at an coming slowdown in […]

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 […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished higher Thursday, with Soybean futures bounced a bit  after hitting contract lows Thursday amid US-China trade frictions. The most active Corn contract for December delivery went up 6c, or 1.7% to close at 3.5925 bu. September Wheat delivery added 12.75c, […]

SILVER 1 OZ 999 NY (XAG=X) See Corrective Rebounds

SILVER 1 OZ 999 NY (XAG=X) See Corrective Rebounds

SILVER 1 OZ 999 NY (XAG=X) See Corrective Rebounds September silver futures bears have the firm overall near-term technical advantage as prices hit a 12-month low overnight. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $16.565 an ounce. The next downside price breakout objective for the bears is […]

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 […]

United States Oil (USO) prices lose 5%, drop back toward $70 a barrel

United States Oil (USO) prices lose 5%, drop back toward $70 a barrel

United States Oil (USO) prices lose 5%, drop back toward $70 a barrel U.S. oil prices dropped back toward $70 a barrel on Wednesday, losing 5% to finish at their lowest in over two weeks. The Energy Information Administration reported that U.S. crude supplies sank 12.6 million barrels last week. The news, however, failed 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 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 […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower Wednesday, with Soybean and Corn futures dropping to contract lows, following the news that the US announced a list of tariffs on $200-B of Chinese goods Tuesday. Agriculture grain investors were already worried about the impact of trade frictions […]

The US Will Soon Be the World’s #1 Crude Oil Producer

The US Will Soon Be the World’s #1 Crude Oil Producer

The US Will Soon Be the World’s #1 Crude Oil Producer $USO The EIA sees Crude Oil production climbing next year even with transportation bottlenecks in the country’s most prolific tight (shale) oil play. The Energy Information Administration (EIA) sees US Crude Oil output averaging 11.8-M BPD in Y 2019, up from its 11.76-M BPD […]

A Storm Is Brewing For U.S. Oil (USO) Exports

A Storm Is Brewing For U.S. Oil (USO) Exports

A Storm Is Brewing For U.S. Oil (USO) Exports Two geopolitical developments in recent weeks—U.S. sanctions on Iran and the escalating U.S.-Chinese trade war—are set to reshuffle the U.S. oil flows to the world’s fastest-growing oil market, Asia. On the one hand, the United States is pressing Iran’s oil customers to cut their Iranian crude […]

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 […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower Tuesday, with soybean futures falling for the 2nd straight session, mostly on US-China trade frictions, improved weather conditions in the US Midwest. The most active Corn contract for December delivery went down 6.25c, or 1.7R to close at 3.60 […]

Silver Prices Down Amid Scant Risk Aversion

Silver Prices Down Amid Scant Risk Aversion

Silver Prices Down Amid Scant Risk Aversion Silver 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 futures were last down […]

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 […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower Monday, with Soybean futures diving, as investors turned to technical selling amid ongoing China-US trade friction. The most active Corn contract for December delivery went down 6c, or 1.61% to close at 3.67 bu. September Wheat delivery fell 7.25c, […]

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 […]

Silver Trade Higher in Morning Trade

Silver Trade Higher in Morning Trade

Silver Trade Higher in Morning Trade Precious metals gold and silver were trading higher in the late morning deals on Monday. Holdings of the largest silver-backed exchange-traded-fund (ETF), New York’s iShares Silver Trust SLV, stood at 10087.04 tonnes, remain unchanged from the previous business day. Overall, the bias in prices is: Downwards. By the way, […]

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 […]

Chicago Agriculture Commodities Finished Mixed on the Week Ended 6 July

Chicago Agriculture Commodities Finished Mixed on the Week Ended 6 July

Chicago Agriculture Commodities Finished Mixed on the Week Ended 6 July $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) Soybean futures rebounded at week’s end on 6 July, thanks to bargain buying amid escalating trade tensions. The most active contract for November Soybean went up 14.5c weekly, or 1.65%, to 8.945 bu. December Corn delivery rose […]

SILVER 1 OZ 999 NY (XAG=X) Rebound From Multi-Month Lows

SILVER 1 OZ 999 NY (XAG=X) Rebound From Multi-Month Lows

SILVER 1 OZ 999 NY (XAG=X) Rebound From Multi-Month Lows 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.silver prices are moderately higher in early U.S. trading Tuesday, on some short covering in the futures markets and perceived […]

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 […]

Iran ‘Insulted’ over President Trump’s Instructions to OPEC

Iran ‘Insulted’ over President Trump’s Instructions to OPEC

Iran ‘Insulted’ over President Trump’s Instructions to OPEC $OIL, $USO Saturday, Iran’s oil minister on accused US President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output. US President Trump Wednesday accused the Organization of the Petroleum Exporting Countries (OPEC) of driving fuel prices higher, urging […]

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 […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) wheat rose almost 3% Thursday over declining crop estimates. The Corn contract for December delivery rose 0.25c, or 0.07% to settle at 3.645 bu. September Wheat went up 14.5c, or 2.95% to close at 5.055 bu. November Soybean were down 8.5c, or […]

United States Oil (USO) down after EIA reports surprise weekly climb in U.S. crude supplies

United States Oil (USO) down after EIA reports surprise weekly climb in U.S. crude supplies

United States Oil (USO) down after EIA reports surprise weekly climb in U.S. crude supplies U.S. stockpiles of crude oil unexpectedly rose by a bit last week, although the increase was largely offset by a decline in refined gasoline supplies. Commercial crude inventories jumped by 1.2 million barrels last week after trade groups and analysts […]

SILVER 1 OZ 999 NY (XAG=X) markets noisy in thin trading on Wednesday

SILVER 1 OZ 999 NY (XAG=X) markets noisy in thin trading on Wednesday

SILVER 1 OZ 999 NY (XAG=X) markets noisy in thin trading on Wednesday Silver markets went back and forth during the trading session on Wednesday, dancing around the $16 level. The market looks likely to continue to go back and forth in this area. Silver markets have been very noisy during thin trading on Wednesday, as […]

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 […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) Corn and Wheat rebounded Tuesday on bottom picking but Soybean continued to decline amid trade uncertainty. The US grain market was closed Wednesday for the 4th of July holiday The Corn contract for December delivery rose 5.25c, or 1.46% to settle at […]

Is Silver 1 OZ 999 NY (XAG=X) a Buy?

Is Silver 1 OZ 999 NY (XAG=X) a Buy?

Is Silver 1 OZ 999 NY (XAG=X) a Buy? 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 also in […]

Oil and The New World Order

Oil and The New World Order

Oil and The New World Order The leading Iranian Revolutionary Guard commander on Wednesday offered his nation’s moderate President a rare endorsement after Hassan Rouhani called US attempts to block Iranian oil exports “pointless.” Qasem Soleimani, who heads Iran’s elite Quds Force and rarely makes public statements, said he would “kiss” Rouhani’s hand after the […]

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 […]

SILVER 1 OZ 999 NY (XAG=X) climbed 1.1 percent to $16.01 an ounce

SILVER 1 OZ 999 NY (XAG=X) climbed 1.1 percent to $16.01 an ounce

SILVER 1 OZ 999 NY (XAG=X) climbed 1.1 percent to $16.01 an ounce 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. […]

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 […]

United States Oil (USO) Stable but Expected to Rise

United States Oil (USO) Stable but Expected to Rise

United States Oil (USO) Stable but Expected to Rise Gas price declines have begun to slow in the last week with the national average unchanged at $2.85 per gallon today according to GasBuddy data compiled from over 10 million price reports from over 135,000 stations in the last week. While average gas prices remain lower […]

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 […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower Monday morning as traders now are focused on increasing trade tensions. As of 1448 GMT, November Soybeans were down 7.5c at 8.725 bu, while December Corn was down 7.5c at 3.6375 bu, and September Wheat down 11.25c at 4.90 […]

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 […]

Chicago Agriculture Commodities Finished Lower on the Week Ended 29 June

Chicago Agriculture Commodities Finished Lower on the Week Ended 29 June

Chicago Agriculture Commodities Finished Lower on the Week Ended 29 June $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower on week ended 29 June, with Soybean futures dropping nearly 4% as grain traders turned to technical selling amid trade tensions. The most active Corn contract for July delivery fell 7c weekly, or […]

President Trump, Calls on Saudi Arabia to Increase Crude Oil Production

President Trump, Calls on Saudi Arabia to Increase Crude Oil Production

President Trump, Calls on Saudi Arabia to Increase Crude Oil Production $USO, $OIL “The price is too high, the King agreed.” President Donald Trump said this weekend  that he had received assurances from King Salman of Saudi Arabia that the Kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in […]

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, […]

SILVER 1 OZ 999 NY (XAG=X) Can Silver Actually Rally Without Gold?

SILVER 1 OZ 999 NY (XAG=X) Can Silver Actually Rally Without Gold?

SILVER 1 OZ 999 NY (XAG=X) Can Silver Actually Rally Without Gold? Spot gold and platinum prices headed for their weakest quarter since year-end 2016 as investors seeking safe havens turned to U.S. Treasuries instead of bullion and demand for metals used in automobiles fell. Industrial demand for silver has kept prices from plunging to […]

The Trump Effect: Iran’s Leaders Struggling to Defend Economy From US Sanctions

The Trump Effect: Iran’s Leaders Struggling to Defend Economy From US Sanctions

The Trump Effect: Iran’s Leaders Struggling to Defend Economy From US Sanctions $OIL Iran is looking to ways to keep exporting Crude Oil and other measures to counter US economic sanctions. Since last month, when US President Donald Trump pulled out of the nuclear which lifted most sanctions in Y 2015, Iran’s rial has dropped […]

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 […]

Forex Traders Overwhelm Emerging Markets’ Central Bankers

Forex Traders Overwhelm Emerging Markets’ Central Bankers

Forex Traders Overwhelm Emerging Markets’ Central Bankers $DXY, $OIL, $GLD, $SLV Selloff forces EM central banks to raise interest rates Currencies have struggled to find a floor despite rate moves Central banks in emerging economies are losing the battle with markets as their efforts to shield their currencies struggle for traction, suggesting policy makers have […]

United States Oil (USO) prices hit multi-year high on concern over Iran sanctions

United States Oil (USO) prices hit multi-year high on concern over Iran sanctions

United States Oil (USO) prices hit multi-year high on concern over Iran sanctions US oil prices rose to a three-and-a-half-year high on Thursday, bolstered by supply concerns due to US sanctions that could cause a large drop in crude exports from Iran. US West Texas Intermediate (WTI) crude futures rose 84c to $73.61 a barrel, […]

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 […]

SILVER 1 OZ 999 NY (XAG=X) lost 0.4 percent at $15.98 an ounce

SILVER 1 OZ 999 NY (XAG=X) lost 0.4 percent at $15.98 an ounce

SILVER 1 OZ 999 NY (XAG=X) lost 0.4 percent at $15.98 an ounce U.S.-driven trade confrontations hurt world stock markets and U.S. and German debt yields on Thursday, while Wall Street felt the additional brunt of a slump in health sector shares. Investors are positioning for a potentially fraught meeting of European Union leaders 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: 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 […]

Chicago Agriculture Commodities Finished Overall Higher

Chicago Agriculture Commodities Finished Overall Higher

Chicago Agriculture Commodities Finished Overall Higher $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished mostly higher Wednesday, with soybean futures rising slightly after plunging over 30c in the past 2 sessions runnning, as market partly digested the impact of trade tensions. CBOT Wheat futures rose on bargain buying after a 3-session sell-off pushed […]

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 […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished mixed Tuesday, with Soybean futures falling for a 2nd session running, on huge selling triggered by trade tensions. The most active Corn contract for July delivery rose 2c, or 0.57% to close at 3.5225 Bu. September Wheat delivery dropped 7.5c, […]

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 […]

Chicago Agriculture Commodities Finished Sharply Lower

Chicago Agriculture Commodities Finished Sharply Lower

Chicago Agriculture Commodities Finished Sharply Lower $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished sharply lower Monday, with Soybean futures diving over 20c, on massive selling triggered by trade tensions. The most active Corn contract for July delivery fell 6.75c, or 1.89% to close at 3.505 Bu. September Wheat delivery dropped 13.75c, 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: 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 […]

Chicago Agriculture Commodities Finished Lower Last Week

Chicago Agriculture Commodities Finished Lower Last Week

Chicago Agriculture Commodities Finished Lower Last Week $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished more than 1% lower in the week ending 22 June on massive selling triggered by escalating trade tensions. The most active contract for July Soybeans were down 11c weekly, or 1.21%, to 8.945 bu. July Corn delivery fell […]

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 […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday, as wheat futures climbed for a 2nd day running on bargain buying following the market’s recent drop and on a weather-reduced Wheat crop in Russia, the world’s top exporter. Corn followed Wheat higher, underpinned by concerns that […]

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 […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished higher Wednesday reversing a sharp downturn in the prior session on escalating trade tensions. The most active Soybean contract for July delivery rose 0.5c, or 0.06% to settle at 8.895 bu. July Corn also went up 0.5c, or 0.14% […]

Oil Price the New Saudi-Iran Battle Grounds

Oil Price the New Saudi-Iran Battle Grounds

Oil Price the New Saudi-Iran Battle Grounds Saudi Arabia insisted Wednesday it would do “whatever is needed” to avoid oil supply shortages, setting the stage for a showdown with archfoe Iran ahead of crunch OPEC talks on easing a production-cut pact. “We will do whatever is needed to maintain market stability and ensure that there […]

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 […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower Tuesday with Soybean falling to 2-year lows on escalating trade tensions between the US and China. The most active Soybean contract for July delivery fell 19.5c, or 2.15%, to settle at 8.89 bu. July Corn went down 2.25c, […]

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 1283.51 if the precious Yellow metal falls below 1275-1270 could open a test to 1250/40, but now seeing some neutral movement near current marks. ICE Brent Crude at 74.99, and NYMEX WTI Crude at 65.99 both recovered a bit from […]

Chicago Agriculture Commodities Finished Mixed 

Chicago Agriculture Commodities Finished Mixed 

Chicago Agriculture Commodities Finished Mixed $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished mixed Monday with Soybean rebounding amid bargain buying after 3 days running of sharp decliners. The most active Soybean contract for July delivery rose 3, or 0.33%, to settle at 9.085 bu. July Corn went down 5.25c, or 1.45% to […]

Looking at the DJIA Vs Gold and Silver Long Term

Looking at the DJIA Vs Gold and Silver Long Term

Looking at the DJIA Vs Gold and Silver Long Term $DIA, $GLD, $SLV, $MTAFF It is time to reduce exposure to Wall Street and shift the proceeds into Gold, Silver, the precious metals mining companies and the royalty streamers. Let us have a look at the 21st Century Bear markets. The high-tech dot.com bubble ultimately deflated […]

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 look weak. PE Gold at 1279.80 broken 1st support at 1280, if it hold, then the precious Yellow metal can break below 1275, them 1260-1250 opens up on the Southside medium term. Silver at 16.49 has fallen and could head to 16.25-16.00 […]

Chicago Agriculture Commodities Finished Lower Friday

Chicago Agriculture Commodities Finished Lower Friday

Chicago Agriculture Commodities Finished Lower Friday $SOY, $WEAT, $CORN Chicago Board of Trade (CBOT) agriculture commodities finished lower Friday, with Corn futures falling as weather improves. The most active Corn contract for July delivery fell 1.75c, or 0.48% to close at 3.6125 bu. July Wheat delivery went down 2c, or 0.4% to close at 4.995 […]

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: Gold is ranged but may break out to the Northside. PE Gold at 1302.10 moved above 1300. While the rise continues, Gold may break out to 1320-1325 near term. ICE Brent Crude at 75.84 and NYMEX WTI Crude at 66.94 both dipped a bit and […]

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