The Gold Update: Our Near-Term Downside Target Zone
Gold Scoreboard As herein penned just a week ago for Gold: “…the present … Long trend can swiftly end in tears. Either Gold right now resumes adroitly up, or … just a wee drop in actual price, and ’tis…
Could Gold Miners Finally Stop Sliding?
Of course, they could. But will they? Are they likely to? RSI below 30 seems to be saying so, but… There are many factors that one needs to consider when analyzing any market. Looking at a single indicator might…
Is This The Turning Point For Energy Markets?
Following OPEC’s surprise production cut in April that saw crude oil squeeze from $65 to $80 per barrel in a manner of days, hedge funds and the like have once again resumed selling on slowing growth and recession fears….
Is Copper Signaling Trouble for the U.S. Economy?
There’s been plenty of uncertainty in the air. From our economy to the stock market to politics to war abroad, consumers are concerned. So we continue to look for facts, signals, and clues in the financial markets to tell…
Silver: The Worst Isn’t Over Yet
Despite the permalbulls oozing with overconfidence, we warned on May 5 that their discourteous behavior is often a precursor to a reversal. We wrote: Likewise, while the crowd thumbed their nose at the impact of higher long-term interest rates,…
Oil rises on tentative U.S. debt deal; China, Fed in focus
Investing.com– Oil prices rose in Asian trade on Monday as U.S. lawmakers said they had reached a provisional agreement to raise the debt ceiling, with focus now turning to key Chinese data this week for cues on the world’s…
Oil climbs after US leaders strike provisional debt deal
FILE PHOTO: A well head and drilling rig in the Yarakta oilfield, owned by Irkutsk Oil Company (INK), in the Irkutsk region, Russia, March 11, 2019. REUTERS/Vasily Fedosenko/File Photo By Florence Tan SINGAPORE (Reuters) – Oil prices rose in…
Energy & precious metals – weekly review and outlook
Investing.com – The much-awaited deal to raise the U.S. debt ceiling is in, President Joe Biden said on Saturday, potentially setting equity and commodity markets on a new wave of risk-taking – after weeks of fear about a government…
U.S.-led Indo-Pacific talks produce deal on supply chain early warnings
5/5 U.S. Commerce Secretary Gina Raimondo speaks with delegates during the Indo-Pacific Economic Framework meeting in Detroit, Michigan U.S. May 27, 2023. REUTERS/Rebecca Cook 2/5 By David Lawder DETROIT (Reuters) – Trade ministers of 14 countries in the U.S.-led Indo-Pacific…
Pacific islands, in spotlight, to push climate change in South Korea summit
FILE PHOTO: Local residents fish in front of the abandoned site of the old Vunidogoloa Village, Fiji, July 19, 2022. REUTERS/Loren Elliott By Kirsty Needham SYDNEY (Reuters) – Pacific island leaders will meet South Korea’s President Yoon Suk Yeol in…