Oil Prices Fly Whilst Stocks Say “Whatever” - September 17, 2019 12:56

As you most likely know there was a little bit of an incident in Saudi Arabia at the weekend. Something about an Oil refinery being attacked and set ablaze, and the worlds Oil supply being disrupted. There’s currently lots of finger pointing happening from all sides on who is to blame for these attacks, but […]

Opec Trying To Put Some Support Into Oil Prices - May 23, 2017 10:11

This week began in much the same fashion as they left last week with Oil prices rising. Expectation of a cut in output from OPEC, which could extend into 2018, pushed Crude Oil higher on the futures exchanges. In early trade UK on Tuesday, Brent Oil had fallen back from it’s high, but still remains […]

War Trade Pushes Gold Back Over $1400 - September 3, 2013 18:59

Last week we were assured by U.S. Secretary of State John Kerry that the U.S. would definitely be going to war with Syria over the alleged use of chemical weapons by the Assad Government.  That pushed gold above the June high at $1423 briefly before cooler heads — and the doves in the U.K. House […]

Gold Rebounds now that Bernanke is Done Talking - May 23, 2013 23:02

It is one of the unwritten rules of the market, “Gold cannot make the FOMC Chairman look bad.” Yesterday’s Humphrey-Hawkins testimony by FOMC Chairman Ben Bernanke was the catalyst for the hit on gold and silver during the COMEX hours.  And it happens every time the chairman is due to speak in public. The efficacy […]

Gold Pops Back Over $1470 On German Data - May 9, 2013 1:00

The resetting of the Euro back near $1.30 coupled with a drop in oil and base metals prices saw German industrial production jump 1.2% in April, far exceeding the estimates and surprising markets.  The Euro responded in kind and the selling in the Dollar it engendered was positive for Gold.  It didn’t hurt that right […]

Gold and Silver End the Week Range Bound - May 4, 2013 16:05

Bravo to the money masters this week, pushing and pulling the timing of the news to reinforce a range trade in Gold and Silver.  This is keeping the mo mo monkeys out of the market — a game that has been going on now since the first day of trading this year when the price […]

Labor Report Sends Equities Soaring - May 4, 2013 15:33

While Friday’s jobs may have been more fiction than fact (see Dave in Denver’s breakdown of it here) that didn’t stop the computers from kicking the programs into overdrive and run some overhead short positions which took the S&P 500 over 1600 to close at 1614.42 and the Dow Jones Industrial Average briefly over 15000 […]

Gold Stymied at $1480 as April Ends - April 30, 2013 22:42

Chart painting or legitimate selling pressure, that’s the question I have as April trading finishes in Gold and Silver.  Friday’s high of $1485 has yet to be challenged again as the line has been drawn at $1480 per ounce.  even this morning’s bounce on the announcement of the ECB planning to cut interest rates was […]

Crude Oil Spread Drops Under $10 as West Texas Rises above $94 - April 30, 2013 1:21

For the past two years the spread between Brent and West Texas Intermediate crude oil grades has been very high, vacillating between $16 and $28 per barrel at times due to huge supply coming into the holding station at Cushing, Oklahoma.  A number of factors contributed to this situation, including the rapid rise in oil […]