Commodities Countdown December 29, 2016 at 07:51 PM
The last three weeks I have been discussing Gold extensively. Today, some of the action has been remarkable in the gold miners. The most important part is the buy signal that we got that suggests a change in trend... Read More
Commodities Countdown December 23, 2016 at 06:11 PM
Crude Oil ($WTIC) has been building an inside bar this week. After a big week last week, Oil traded in a much tighter range on the back of low volume associated with the holiday season. Natural Gas ($NATGAS) was just the opposite... Read More
Commodities Countdown December 16, 2016 at 02:02 PM
Well, the US Dollar continued it's assault on new highs. But more importantly, it is soaring relative to all the other currencies in the Dollar Index. I'll have more on that in a bit, but the market is starting to look a little stretched... Read More
Commodities Countdown December 11, 2016 at 03:43 PM
Gold has been consolidating for the last two weeks. On Friday, $GOLD resumed its slide lower. With the daily RSI so weak, $GOLD continues to underperform. There are a few other correlations to watch as we come into the Fed meeting this week... Read More
Commodities Countdown December 07, 2016 at 11:36 AM
Gold has been working its way lower since July. Gold miners have been dropping since August. Currently the ratio of the Miners to the Precious Metal is clearly in a downtrend that is being tested today... Read More
Commodities Countdown December 02, 2016 at 07:59 PM
With all of the news from OPEC, Crude Oil ($WTIC) had a massive move this week. This is the highest weekly close since July 2015. The 12% move definitely got everyone's attention. The real debate for December is whether or not it can hold the breakout and keep moving up to $60... Read More
