Commodities Analysis & Opinion

The historic discontent from the price of oil and the supply and demand fundamentals is either signaling that the global economy is going into a deep recession or, if you’re an optimist, is an easing...

In the past four weeks, Gold (XAU/USD) has traded in a tight range environment below US$2,532 key intermediate range resistance. Positive momentum reading and a major bearish breakdown seen in the...

Gold prices are inching higher as the market awaits the US CPI release. Market reaction to the CPI data will depend on whether rate cut expectations are already priced in. From a technical analysis...

The rally in copper price has cooled off in recent weeks. Copper futures pulled back to below $9,000/t. IEF: the EV revolution alone will drive enough copper demand to outstrip supply in the next...

Hedge funds and other money managers have turned the most bearish on crude ever since the CFTC started to publish information on market positioning, with Brent and WTI net longs totaling a mere...

Brent crude oil prices dropped below $70 a barrel, the lowest since December 2021. OPEC+ downgraded 2024 oil demand growth forecasts, primarily due to weakness and concern around China. Technical...

Are investors taking “All the news is in” events seriously? This week’s CPI and PPI inflation reports are likely dovish, and the only real debate now amongst stock and gold market analysts is whether...

The oil market remains under pressure. A barrel of Brent oil declined to 71.80 USD by Tuesday. The commodity erased all early-week gains as fears of slowing demand in China outweighed the risk of...

Natural gas prices face short-term pressure from weak demand and a looming storm Francine. Francine threatens U.S. supply, while colder European temperatures boost heating demand and potentially...

Fundamentals for Gold and gold stocks are quietly strengthening as odds of a major slowdown or recession are rising. Expect fundamentals to be strongest in 2025.  

Gold’s standing relative to cyclical markets continues to improve, thus, so does the macro backdrop for gold mining equities. Without digging up too much theory and analysis from the past, let’s...

Another week of bullish oil inventories cannot overshadow concerns about the global economy and the entrance into shoulder season. The Energy Information Administration reported U.S. commercial crude...

Gold continues to trend strongly, with key support levels holding firm. The US dollar's outlook remains bearish ahead of the first rate cut. Upcoming US CPI data could provide crucial clarity for...

Per our prior missive on Gold having recorded its second-narrowest trading week of 2024 (by percentage distance between high and low), now this last week’s performance perhaps is best categorized as...