Investors are seeing a lot of first-time-in-history, worst-on-record data points in this Covid induced economic lockdown. And we just saw another milestone, this time in crude oil. Headlines...
futures
A look at gold’s price action: while the media yells bullishly, the banks sit short (GOLD, $GC_F)
Gold has had a tearing run over the past few weeks, finally breaking out above the $1,365 area which has been firm resistance since 2016. The spot price topped out at $1,440 on Tuesday before a...
Silver breaks below Falling Wedge – fakeout or lower lows to come? $SILVER
There was a sharp pullback in silver during the past hour, with the price breaking below a well established Falling Wedge pattern. The Falling Wedge is usually a bullish pattern, with price action...
Is the oil price rise about to accelerate?
Brent oil has just surpassed $68, just 2 years after some experts were calling $10 a barrel. A close above $66.81 this week would be the highest weekly close since the end of 2014. If that wasn’t...