Gold remains capped ahead of the 200-WMA coming in around the $1437.6 level today. Daily and weekly slow stochastics continue to look to correct from oversold levels following the sharp move lower last week and are likely to be providing … Continue reading
Any time you have a two-day 10% drop in a widely-held asset there will be reverberations. The fall in gold is especially spooky because it has no intrinsic value and it’s widely held with borrowed money. What we’re seeing today … Continue reading
Gold down $25 to $1580 NYMEX oil down $1.77 to $94.89 Copper down 1% to 361/lb Silver -3% to $28.56 Nickel -2.6% BBG base metals index -0.6% There are some exceptions like coffee, sugar and nat gas but it’s a … Continue reading
We have been told the commodity super cycle is over but JPMorgan is getting bullish because it was just a mid-cycle slump. (click the first link) “What I worry about is that this is happening right in front of our … Continue reading
Love him or loathe him, latest from AEP at The Telegraph.
David Einhorn of Greenlight Capital, famous for his ‘shorts’, reckons Iron ore could plummet to $100 next year and has subsequently shorted the commodity. He was speaking at a ‘closed’ investment symposium in Dallas yesterday. Obviously feels Chinese industrial growth … Continue reading
November WTI’s off around $1.5 after World bank cuts China ‘s growth forecast, and Gold’s tracking the move having shed almost $15 from o/n highs. WTI is currently around 88.50 with the yellow stuff at $1770 after recent lows of … Continue reading
CTA and Asset manager Matthew Bradbard feels that for the ongoing bull market to remain sustainable the metal could drop under $1700 in coming weeks before assuming another leg higher . See some of his other predictions on currencies, Silver, … Continue reading
Not a new story, but it illustrates the point that China will have a tough time meeting growth targets amid a global slowdown.
Their outlook for the 14 most important commodities in the world Backing up a lot of people’s views on Gold and silver for starters…. More.… Business Insider