Commodity Report

Commodities Surge on Positive Sentiment

Commodities exploded to the upside as markets welcomed the potential positive sentiment from continued negotiations to hopefully avert the ‘financial cliff’. With a positive turn of events the optimism could bring a nice relief rally before the year end and the possibility of inflationary pressures. As a result Gold surged USD$16.60/oz @ USD 1731.30/oz. Silver...

Gold Looses a Bit of Its’ Shine

Commodities continue to sputter. With the European Economy back in recession the need for commodities dissipates. As a result Gold falls USD$16/oz @ USD 1714.10/oz. Silver holding its’ own dips 0.30 cents to USD$32.58/oz. On the other hand as we continue to get raked over the coals with a price of $1.25/liter at the pumps,...

Prelude to Presidential Election and Results Cause More Turbulence in Commodities

A rollercoaster ride for the yellow metal continued with the election results. Uncertainty about debt and continued quantitative easing caused the manipulation to continue. Today Gold was up $2.20 @ 1717.20; Silver slips $0.20 to 31.83/USD/oz. Oil dropped $4.22 to sit at  USD$84.49. Gold in three business days ranged from $1733-$1675.The Euro is presently around...

Commodities Continue their Turbulant Ride

After recoiling to the USD$1625/oz the yellow metal slipped on renewed optimism for equities and market conditions. Manipulation seems to be the name of the game. Commodities continue to be extremely volatile. Today Gold is down $0.40 @ 1577.00; Silver slips $0.16 to 26.86/USD/oz. Oil dropped $3.53 yesterday but rebounded +0.24 cents this late morning...

Commodities Continue to be very Volatile as Summer Sizzels

Gold plummeted toward the USD$1525.00 level then soared to USD$1630 over the last few weeks. Manipulation seems to be the name of the game. Commodities have been extremely volatile of late. Today Gold rose $9.70 @ 1588.60; Silver up $0.49 @ 27.38/USD/oz. Oil on the other hand dropped to USD$77 in the last few weeks...

Commodities Continue to be very Volatile

Once Gold closed below USD$1627.60 on the weekly chart, we saw it plummet toward the USD$1525.00 level. A break of this point may have sent the precious metal toward the USD$1400 or lower. A combination of disappointing employment numbers and rumours for more liquidity from the Federal Reserve, Gold reversed its’ course and skyrocketed above...

Gold Bounce From Key Technical Levels

With US employment numbers disappointing on Friday April 6th, a weekly close below USD$1626.90 could have sent Gold toward $1400 or less. Today though Gold rebounded, it is down $2.40 @ 1658.30; Silver slips $0.20 @ 31.48/USD/oz. With tensions in North Korea heating up, the price of Oil explodes $1.82 @ 102.84/barrel. High energy prices...

Commodities Pullback

Gold pulls back after surging to USD$1695 from $1627.90. A weekly close  below USD$1626.90 could send the yellow metal toward $1000 very quickly making investors cringe and soil themselves. Gold is down $8.80 to open @ 1649.10; Silver slips $0.12 @ 31.71/USD/oz. Energy is a reality as it is the driving force of industry and...

Commodites Surge to Begin the Week

Gold surges once again after being under pressure within the last few weeks as the one week and daily chart for gold show that a breach of $1627 and $1645, respectively, could send the yellow metal toward $1000 very quickly making investors cringe and soil themselves. Gold is up $21.10 today @ 1683.50; Silver also...

Commodities Stagger over Concern of High Oil Prices and Effect on Global Economies.

Gold has been under pressure within the last few weeks, after almost breeching $1800/USD, the price staggers below $1650. The one week and daily chart for gold show that a breach of $1620 and $1645, respectively, could send the yellow metal toward $1000 very quickly making investors cringe and soil themselves. Gold is down $17.60...

Commodities in for a Tumoultous Ride?

Gold has been tumultuous after almost breeching $1800/USD recently. The one week and daily chart for gold show that a breach of $1620 and $1645, respectively, could send the yellow metal toward $1000 very quickly making investors cringe and soil themselves. Gold is up $17.30 today @ 1700.90; Silver up $0.32 @ 33.91/USD/oz. Oil continues...

Commodities Manipulated?

After the Fed Chairman, Bernanke spoke yesterday morning with his view on the state of the economy, the equity markets moved higher. Gold retracted almost $100, after almost breeching $1800/USD. Has anything changed? Will it be the manipulation of words from politicians that will give the Fat Cats of Wall Street  the ability to continue...