Market Report: Silver Is The Star
Having performed indifferently since the price fell in late January, the silver price suddenly broke out of its torpor with a 45-cent rise o...
Market Updates
Market Report: Break-Out Hopes Dashed
After inching better on Monday and Tuesday, gold and silver finally made a break for it on Wednesday in good volume on Comex, with gold peak...
Silver Struggling To Go Lower
Over the week, gold and silver ended up little changed, having rallied strongly on Monday, and drifted thereafter. Gold was unchanged from l...
Market Report: Quarter-end factors
After last week’s sharp rally, gold and silver failed to follow through this week ahead of the quarter-end. Gold lost $24 from last Friday...
Market Report: Trade Wars Boost Gold
After drifting lower earlier this week, gold and silver got a boost from President Trump’s announcement of trade sanctions against China....
Market Report: Snoozing Into Spring
After barely changing the week before, gold is $5 lower this week from last Friday’s close, to $1320 in early European trade this morning,...
Market Report: Trade Wars and North Korea
This week saw an initial rally, followed by a pull-back, leaving gold and silver broadly unchanged from last Friday’s close. Gold was trad...
Market Report: Hidden in plain sight
Gold and silver sold off this week, with gold falling $11 from last Friday’s close to $1317 in early European trade this morning (Friday),...
Market Report: Weaker, but in consolidation pattern
Gold and silver continued their consolidation of the last few weeks, becoming progressively less overbought in the process. Since last Frida...
Market Report: Taking a breather
In early European trade this morning (Friday) gold was down $2 from last Friday’s close at $1,347. Silver is down 25 cents at $17.18. Come...
Weekly DOE Oil Charts - January 26, 2018
Conclusion: Overall inventories built this week, particularly crude (which is seasonally normal). Cushing still drew, we think this needs to...
Market Report: Gold and silver may be due for a pause
This week, gold and silver continued their rise from the 11 December low, and are now up 9.3% and 11.6% respectively. In a little over five...
Weekly DOE Oil Charts - January 19, 2018
Conclusion: Further declines in US inventories, faster than even we predicted. Oil production growth is strong at close to 1mb/d and is now...
Overbought PMs consolidate
It had to happen after a terrific run from early December, so a consolidation in precious metals is hardly a surprise. With gold trading at...
Weekly DOE Oil Charts - January 12, 2018
Conclusion: US petroleum inventories continued to declined rapidly, particularly Cushing stocks. Net imports are again at extremely low leve...
Market Report: Gold persistently strong
The first half of the week saw gold and silver consolidate recent gains, which given the sharp rise since early December was only to be expe...
Market Report: Gold and silver take off
Since gold bottomed at $1237 on 11 December, it has gained 6.5%, and silver 9.5%. In early European trade this morning gold was at $1317.50...
Weekly DOE Oil Charts - December 29, 2017
Conclusion: US petroleum inventories showed a small counter-seasonal build this week, but crude stocks still drawing relatively fast. We bel...
Market Report: A beautiful bigly squeeze to end the year
Doubtless, that is what this year-end rally would be called in Trumpian lingo, and the “bigliest” of squeezes is in silver, where shorts...
Market Report: Books are balanced, time to party
At least, that’s how the bullion bank traders must be thinking. Ahead of the Fed’s quarter-point rise in the Fed funds rate, they spooke...