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I was shocked to hear there was gambling going on at Ricks Café and equally shocked to hear that Biden’s price caps on Russian oil have failed. In 2022 the administration of Joe Biden...
Are there signs of a recovery in gas prices?Natural Gas Futures - Jun 2024 U.S. reached a one-week high at $2.06/MMBtu in anticipation of increased demand. This is due to an increase in the amount of...
A big story last week was that AI is fueled by natural gas, which should increase demand.That story did little for the futures price. Then this week other stories came out that: Prices were supported...
ADNOC increased its oil production capacity to 4.85 million bpd ahead of the next OPEC meeting. The country’s stated aim is to reach 5 million bpd capacity by 2027. OPEC’s current...
Global Data: Aramco is leading oil companies in AI investment. Saudi Aramco spent $3.5 billion on research and development last year. As for AI itself, the technology was deployed in areas such as oil...
Commodity volatility went crazy as the Federal Reserve signaled, “the lack of further progress on there are inflation target in recent months” shook up a whole host of commodities. We...
Brent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil...
Gold against the 60/40 portfolio is the most important Gold chart for 2024. I expect this chart to give a secular bull confirmation signal over the coming months. It’s end of April reversal...
Copper prices have surged in the last three months, driven by robust demand from various industries. China's positive economic data further strengthens the case for a potential rise in copper...
Crude Oil longs have to show up as another important uptrending support line is being tested. Positive seasonality combined with geopolitics may be the bulls’ rationale for a continuation of the...
David Skarica, publisher of StockChartofTheDay discusses the breakout in Gold, stagflation vs. disinflation and the catalysts which will lead to an upside acceleration in Gold & Silver over...
Not much has changed in the world of inflation predictions. The dollar is rangebound. The yields have topped out. The FED has stagflationary issues to contend with. Raw material supplies are...
Both key precious metals moved decisively lower today, which is in perfect tune with their recent price patterns.Current Market ObservationsConsolidations, pauses, and breathers are the same thing...
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per ounce. After a failed attempt to climb above $30 per ounce on 7 April, the downside momentum in Silver has been replaced by...
Oil prices, after dipping yesterday on ceasefire talks, reacted to an announcement of the start of an important Canadian oil pipeline and a report that Biden will ease sanctions on Russian banks to...