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Insights January 25, 2018 Stefan Wieler

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...

Insights January 19, 2018 Alasdair Macleod

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...

Insights January 17, 2018 Stefan Wieler

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...

Insights January 12, 2018 Alasdair Macleod

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...

Insights January 05, 2018 Alasdair Macleod

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...

Insights January 05, 2018 Stefan Wieler

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...

Insights December 15, 2017 Alasdair Macleod

Market Report: Outlook for gold – 2018

Regular readers of these market reports will have not been surprised by the sell-off this week ahead of the FOMC’s quarter point rate incr...

Insights December 14, 2017 Stefan Wieler

Weekly DOE Oil Charts- December 8, 2017

Conclusion: Another week of counter-seasonal draws. The draws continue to be concentrated in Crude. Cushing, the point of delivery for WTI c...

Insights December 08, 2017 Alasdair Macleod

Market Report: PMs overshadowed by cryptos

Gold and silver had a torrid week, with gold falling $31 from last Friday’s close to $1249 in early European trade this morning. Silver wa...

Insights December 06, 2017 Stefan Wieler

Weekly DOE Oil Chart- December 1, 2017

Conclusion: Bit of a mixed bag. Overall larger than normal draws, with large crude draws but large gasoline builds. Net imports still at ext...

Insights December 01, 2017 Alasdair Macleod

Market Report: Seasonal slam

Gold and silver suffered a sell-off, repeating what we saw in late November in both the last two years. The attack on precious metals is fut...

Insights November 24, 2017 Alasdair Maclead

Market Report: Firm undertone

Gold and silver prices on balance drifted with an upwards bias over the week, with a firm undertone. Interest was impacted by the US Thanksg...

Insights November 22, 2017 Stefan Wieler

Weekly DOE Oil Charts- November 22, 2017

Conclusion: This weeks stats need some more explanation. We have an overall tight situation for PADD2 in the US with Keystone out until the...

Insights November 17, 2017 Alasdair Macleod

Market Report: Range-bound

Gold and silver traded in narrow ranges this week, with gold up $7 from last Friday’s close, at $1282 in early European trade this morning...

Insights November 10, 2017 Alasdair Macleod

Market Report: Finding support

Gold and silver rallied this week, with gold up $14 from last Friday’s close at $1283 in early European trade this morning. Silver is up b...

Insights November 09, 2017 Stefan Wieler

Weekly DOE Oil Charts - November 3, 2017

Conclusion: The large draws continue as net imports remain very low. We continue to believe that we are in a large global deficit in 4Q17, b...

Insights November 03, 2017 Alasdair Macleod

Market Report: Silver stars

Gold and silver prices steadied this week, with gold up $3 since last Friday’s close at $1275 in early European trade this morning (Friday...