Commodities News

2 Things Pressuring Oil Prices And What To Expect Ahead

2 Things Pressuring Oil Prices And What To Expect Ahead

The U.S. presidential election, renewed in Europe and other impending news means next week could be critical for determining the direction of the global economy and oil demand. Two major issues have driven down this week. Below we'll cover these two factors as well as...

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Chart Of The Day: Silver Turns Bearish On Dollar Strength

Chart Of The Day: Silver Turns Bearish On Dollar Strength

Silver completed a second consecutive bearish pattern, as it crosses below its uptrend line since the March lows. So what pushed to its March low? The same thing as usual— strength, since commodities tend to fall as the greenback rises. Silver Daily Silver completed a...

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Coronavirus Strikes Back In The US. Will It Infect Gold?

Coronavirus Strikes Back In The US. Will It Infect Gold?

Covid-19 infections are surging. Will the price of gold surge too? Things are not looking good folks. The epidemiological situation is worsening. As the chart below shows, the number of new daily cases (the rolling 7-day average) has recently reached a new record....

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Gold And Oil Beat A Hasty Retreat

Gold And Oil Beat A Hasty Retreat

COVID-19 torpedoes oil prices The new lockdowns in German and France and the spiraling case numbers of COVID-19 cases in the US torpedoed oil prices below the waterline overnight. Concerns about the consumption outlook and an unexpected jump in official US crude...

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Corn And Ethanol Report: COVID Spike In Europe Shakes Markets

Corn And Ethanol Report: COVID Spike In Europe Shakes Markets

On the Hurricane Front the National Hurricane Center upgraded Zeta to Hurricane status as Hurricane Warnings have gone out from Morgan City, Louisiana,  and the Mississippi/Alabama Wednesday night due to Zeta’s fast forward speed. The storm is moving north with...

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Energy Report: Battered Up | Investing.com

Energy Report: Battered Up | Investing.com

Janice Dean of Fox News says that Hurricane Zeta is much stronger and should be a Category 2 storm when it makes landfall later today in Louisiana.  She warns that we will see life-threatening storm surge, and strong winds along with heavy rain that will move into the...

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Gold, Dollar In Unusual Twist Ahead Of U.S. Election

Gold, Dollar In Unusual Twist Ahead Of U.S. Election

For the last three days, has been trapped, moving just $10 in either direction, at just above $1,900 an ounce. This might be understandable to equity investors, as there is often low volatility and caution ahead of a presidential election, and this year's bitterly...

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