Commodity Trade Mantra

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Will Crude Oil Prices Rise To $60 By Christmas?

What does the crude oil chart forecast? Crude oil has made a nice ascending triangle pattern. If the price breaks out of the $52 levels and sustains the breakout, it gives an upside pattern target of $67. However, the markets have rejected the levels above $52 on December 5, but we should see one more attempt at a breakout above the highs.

Never Been a Better Time to be Bullish in Silver and Gold

There are more than enough reasons to suggest that the sell-off in silver and gold is overblown and that the recent dip in precious metal prices could actually be an interesting entry point. A death cross for silver and gold mining ETFs is not a death knell. With uncertainty all around, the fall in precious metals and silver and gold mining ETFs means it’s a great time to be bullish.

Metals Zoom On Projected Massive Infrastructure Spending - How Long Before Silver Takes-Off?

Metals are surging due to projected industrial expansion. To argue that a massive infrastructure spending program will be beneficial for lead, zinc & copper prices, but immaterial for silver prices, is as ridiculous as claiming that overvalued stock prices can continue to surge amidst the “gigantic pink elephant” that is surging global interest rates and plunging worldwide currencies.

Gold Treads Danger Zone - Yet Why Do Some Feel Optimistic?

The presence of considerable global economic, political, market risks and considering that the longer end of the yield curve and the sky-high USD have already tightened conditions, the Fed is likely to deliver a dovish hike later in December. This could mean the dollar & rates along the curve may slide lower & prompt technical traders to send gold back into $1,200-plus territory.

Global Economy Poised on a Knife-Edge Between Inflation & Deflation

The global economy is poised on a knife-edge between inflation and deflation. The inflationary vector could dominate quickly, based on a combination of Trump deficits & Fed accommodation. Conversely, the deflationary vector could dominate based on fundamental factors such as a strong dollar, deleveraging, demographics & technology combined with premature Fed tightening.

AD
Strong Buying Continues To Fuel The Oil Price Rally

While it is too soon for the latest CFTC data to reflect the market’s response to the OPEC decision, the forward curve is giving us a good indication of what has happened. Short positions by speculators have been closed out amid the post-OPEC meeting euphoria, while oil producers have snapped up short positions along the forward curve, hedging future oil production over the coming years.

Time For Gold To Really Shine! Should You Dare Catch The Falling Knife?

The bullish case for gold does not just rest on the direction of the dollar. Gold is also an, “investment in monetary policy failure,” or at least a hedge against it. Technicals & sentiment have again aligned to create a terrific opportunity to take advantage of what could be early stages of a major shift in long-term trend of outperformance by financial assets over real assets.

Indian Investors Stampede into Gold and Silver Bullion

For the previous year or two the Indian government had been trying to encourage citizens to decrease their demand for physical gold and silver. Because of the ability to convert the notes at banks on a delayed basis, jewelry stores in India were quickly besieged since Nov. 8th, with customers seeking to spend the banned notes buying physical gold and silver.

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