Weekly DOE Oil Charts - October 20, 2017
Conclusion: Very large draw of crude and products, which was mainly driven by the record low net import number (mainly due to extremely high...
Market Updates
Weekly DOE Oil Charts - October 13, 2017
Conclusion: At first sight the stats look very bullish, with total stocks drawing >11mb more than normal. However, 7mb of that is due...
Market Report: Counter-trend decline
After the previous two-week rally, it was perhaps natural for precious metals to consolidate this week. Gold, which closed on a high note la...
Market Report: Lower in declining volume
Gold and silver drifted lower in declining volume. On Tuesday, the day of tonight’s Commitment of Traders report, gold’s Comex turnover...
Weekly DOE Oil Charts - September 27, 2017
Conclusion: This weeks DOE statistics look very bullish at first sight with large counter-seasonal draws in total petroleum and – contrary...
Market Report: Rising bond yields
Since 7 September, the yield on the 5-year US Treasury bond has risen from 1.64% to 1.9%. There can be little doubt that this move, and the...
Weekly DOE Oil Charts - September 22, 2017
Conclusion: This weeks DOE statistics remained impacted by Hurricane Harvey, but the dust slowly settles. While stocks remain in draw mode,...
Market Report: PMs sold down
Gold and silver were sharply down this week, with gold off $23 at $1297 from last Friday’s close in early European trade early this mornin...
Weekly DOE Oil Charts - September 15, 2017
Conclusion: The weekly DOE statistics are still heavily impacted by the aftermath of hurricane Harvey in this weeks stats and will remain im...
Market Report: Consolidating after recent strength
After the spectacular run from the lows of early July, gold and silver took a breather this week. Bullion markets on Comex had become very o...
Weekly DOE Oil Charts - September 9, 2017
Conclusion: The weekly DOE statistics are heavily impacted by the aftermath of hurricane Harvey in this weeks stats and will remain impacted...
Market Report: Have we lift-off?
As can be seen in our headline chart, gold and silver powered ahead further this week, and appeared to be undergoing a rerating. Gold this m...
Weekly DOE Oil Charts - September 1, 2017
Conclusion: The weekly DOE statistics are heavily impacted by the aftermath of hurricane Harvey in this weeks stats and will remain impacted...
Market Report: $1300 easily surmounted
Gold finally broke through the $1300 level on Monday, and did it in style. With London closed for a bank holiday, gold appeared to be edging...
Weekly DOE Oil Charts - August 25, 2017
Conclusion: Relatively strong stats, larger than normal inventory draws continue. The oil market is being roiled by the storm related issues...
Market Report: Pausing under the highs
After last Friday’s spike to test the water at $1300, gold has consolidated its six-week run since Monday in a narrow range of $1280 to $1...
Weekly DOE Oil Charts - August 18, 2017
Conclusion: Rather underwhelming stats. Crude rallied anyway following the release as gasoline stocks drew more than expected (API reported...
Dealing Desk: Gold Impacted by Economic and Political Headlines
Goldmoney clients have been net selling all precious metals over the past two weeks, with gold being the most actively traded. Clients have...
Market Report: $1300+ in sight
Having had an excellent run last week, gold and silver have consolidated by initially falling on Monday and Tuesday this week, before rallyi...
Market Report: Good advance above overhead supply
Gold and silver stormed through minor overhead supply this week, to mount an attack on the June highs at $1296 and $17.70 respectively. From...