Comex Gold (GC) Gold’s fall from 1025.8 resumed and reached as low as 995.3 so far. At this point, intraday bias remains on the downside and further pull back could be seen…
Silver Daily Technical Outlook
Comex Silver (SI) Silver falls sharply to as low as 16.08 but is still holding above 16.06 cluster support (38.2% retracement of 13.495 to 17.69 at 16.088) so far. As long as…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil’s fall extends further to as low as 65.60 so far, inch above mentioned target of 65.23 cluster support (100% projection of 75.0 to 67.05 from 73.16…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ rise is still in progress and should be target 4.162 resistance. As discussed before, break there will solidify the case that it has bottomed out in…
Technical Rebounds on Commodities May Not End Reversal
Crude oil price recovers Friday after 2 days’ selloff of -8%. Currently trading at 66.35, WTI crude may have the risk of breaking 65 and testing 60 if there’s no supportive news/data…
Oil Price Remains Soft While Gold Rebounds
Crude oil remains weak in European morning as there’s lack of upbeat economic data to offset the bearish inventory report. Currently trading at 68.5, the benchmark contract for crude oil stays within…
Crude Looks to have the Steepest Fall in 11 Weeks
Crude oil’s decline accelerated Thursday as weaker-than-expected home sales in the US spurred worries on recovery. Although buying interest emerged above 65, benchmark contract for WTI crude oil dropped -4.5% to settle…
One Fine Day
By: Michael S. Rozeff Since the government and central bank are once again inflating the economy, let’s look back at what happened the last time they did this. The Bush-Greenspan team used…
Gold Price Not Inflation Driven?
By Boyd Erman Globe and Mail Wednesday, September 23, 2009 It seems a shame to trash the party just when it’s finally becoming fun to be a gold bug. Bullion is flirting…
Will Dr. Marc Faber Be Wrong Again This Autumn?
By: Peter Cooper, Arabian Money Apologies to my old friend and colleague Dr. Marc Faber but not all his calls are right. Last autumn he recommended buying US stocks just as they…