Commodities

Putin Crowns Himself OPEC King

For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if not billions of dollars of profit for insiders. Not anymore. While OPEC’s gatherings still influence prices, it’s not Sau ...

Tech Talk for Friday November 24th 2017

  StockTwits Released Yesterday @EquityClock Russell Metals $RUS.CA moved above $29.22 to a 3 year high extending an intermediate uptrend. Canada Retail Trade down by 3.9% (NSA) in September, more than 3.5% average decline for month. #CDNecon #CAD $MACRO   Trader’s Corner Daily Seasonal/Tech ...

Continuing Bet Against Inflation

My longer term inflation pressure gauge strongly suggests some acceleration of inflationpressure over 2018 - 19. However, the shorter term inflation pressure measure, althoughhitting a low this year, has advanced only meekly despite a nearly global advance in economicmomentum. The broad CRB commodit ...

Gold Has Been on A Tear All Year - Rory Hall

November 23, 2017 The way gold has been moving the past few weeks, it’s easy to overlook the 11% growth it is enjoying during 2017. As we move towards year end , we see gold has been flat while suffering attack after attack from the banking cabal. The charts over the past ten trading day have t ...

Tech Talk for Thursday November 23rd

Pre-opening Comments for Thursday November 23rd World equity markets were mixed this morning. U.S. equity markets are closed for the Thanksgiving holiday. S&P 500 500 futures were up 2 points. The Euro Stoxx 600 Index was unchanged. The Nikkei Average gained 0.48%. The Shanghai Composite Index plun ...

The Global Commodities Weekly Roundup: November 23

CommodityHQ.com provides weekly information about any material impact of a major economic, corporate and/or geopolitical event on the global commodities market. The report also analyzes the weekly change in prices of the major commodity futures and commodity focused ETFs as a result of market changi ...

Gobble Gobble – Dollar in Trouble

Thursday November 23: Five things the markets are talking about While investors believe the Fed will raise rates in December, many are trying to gauge how aggressively the central bank will tighten monetary policy next-year. Yesterday’s FOMC minutes showed that most Fed policy makers saw a near- ...

Aussie Dollar Flash

Aussie Dollar Flash Seller exhaustion was apparent in the lead up to the FOMC minutes, as shorts continued to unwind.  While selling pressure has re-emerged this morning at .7620-.7625, one does get the sense that the FOMC minutes was the last kick of can for the Aussie bears heading into 2018. A ...

US Crude Inventories Fall; Big Draw At Cushing Hub

U.S. crude oil stockpiles fell last week, with most of the decline coming out of the Cushing, Okla., storage hub, while gasoline and distillate inventories rose slightly, the Energy Information Administration (EIA) said Nov. 22. Crude inventories fell 1.9 million barrels (bbl) in the week to Nov. 17 ...

Tech Talk for Wednesday November 22nd 2017

Pre-opening Comments for Wednesday November 22nd U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Trading volumes are expected to diminish significantly this afternoon prior to start of the U.S. Thanksgiving holiday. Index futures were virtu ...