Commodities Analysis & Opinion

On Monday July 24, the members of OPEC's technical committee met in St. Petersburg, Russia, to assess continued compliance with the OPEC and non-OPEC partnership deal. This meeting was particularly...

On the early morning of July 18, the Financial Times reported that an oil market consultant told clients that Saudi Arabia would likely cut its exports by 1 million barrels per day in the near future....

Key Points: Despite recent bullishness, gold should reverse rather shortly. The ongoing ABC wave is likely to enter its final stages. Losses should not extend past the 1180.05 handle Gold prices have...

When OPEC’s technical committee meets in St. Petersburg at the end of July to evaluate compliance with the production cut deal, the big question will be what to do about Libya and Nigeria. These...

Key Points: A corrective ABC wave could carry oil higher moving forward. Despite any near-term bullishness, the long-term bias remains bearish. 48.55 level likely to be the next peak for oil...

Of the 14 commodities we track closely at U.S. Global Investors, wheat rose to take the top spot for the first half of 2017, returning more than 25 percent. The grain was followed closely by...

The summer season has begun. As usual, business slows as employees take vacations and the summer heat in the northern hemisphere stalls productivity. In the energy trading world, the U.S. has just...

Key Points: The long-term trendline seems to be broken. A corrective ABC wave could be seen in the coming weeks. Losses could extend to the 1180.00 handle. As a result of a breakout below its...

by Chaim Siegel of Elazar Associates LLCGold prices have been down for nearly two straight weeks. Any lower and you break an uptrend, which is worrisome. There are three factors bothering gold which...

For the second time in less than a week, the price of oil has dropped several percentage points over the course of several hours. On June 14, WTI dropped almost 4% to below $45 a barrel and on June...

The energy market, more than other commodity markets, is often impacted by geopolitical events. But not every geopolitical event that affects an energy producing country impacts energy markets. When...

Incredible scenes in the Palladium market on Friday with a massive squeeze overshadowing continued anaemic price action on precious metals and crude oil.OILCrude paused for breath on Friday after a...

Gold:Gold has sold off this week after rallying higher for 3 straight weeks. We see a double top in gold where it was unable to break the year highs. It is important to note that this may not be the...

The gold miners’ stocks remain deeply out of favor, largely shunned by traders. Since this sector just spent the better part of a year grinding sideways, such bearish sentiment isn’t...