Commentary

Winners and Losers in Q1 2016 and a Look Ahead to Q2

Apr 04, 2016

First quarter of 2016 is now in the books. It was a quarter of fear, of uncertainty, of losses, and redemption. Overall, a composite of the twenty-nine major commodities traded on futures markets moved only 1.63% higher. When I include iron ore,... more

Winter Gives Way to Planting Season

Mar 01, 2016

​As it is now the beginning of March, the spring season is fast approaching. Across the fertile farmlands of the United States, farmers are preparing to seed their acreage for the 2016 crop year. In the world of agricultural commodities, each... more

The Relationship between Gold and Crude Oil - Divergence

Feb 01, 2016

There is a big difference between price and value. Price is a transparent number where buyers and sellers meet to transact. Value is a concept that often goes much deeper. We can all watch asset prices as they cross our screens in real time.... more

Q4 2015 Winners and Losers Plus a Look Ahead to 2016

Jan 04, 2016

The final quarter of 2015 is now in the books and for the most part, it was more of the same for commodity prices. Overall, a composite of over thirty commodities moved lower once again in a continuation of the secular bear market for commodity... more

Crude Oil and the OPEC Meeting

Dec 02, 2015

It has been a rough ride for crude oil since June of 2014 when the price of active month NYMEX crude was trading above $107 per barrel. Since then, the price has been making lower highs and lower lows. The energy commodity closed the month of... more

Dow Jones News Highlights: Resources

Dec 01, 2015

This Dow Jones News newsletter highlights some of the top coverage from Dow Jones' newsrooms around the world. The newsletter's focus is Resources, and coverage highlights include:

Exclusive News: TransCanada looks to suspend its Keystone XL... more

Will Natural Gas Fall into the Abyss?

Nov 09, 2015

The price of active month NYMEX natural gas futures closed on September 30, 2015 at $2.524 per mmBtu. The fourth and first quarters are generally a positive seasonal period for the energy commodity that is very sensitive to heating demand. The... more

The Dollar and Metals

Nov 09, 2015

The Inverse Relationship Could Mean the Next Leg Down

The US dollar is the reserve currency of the world. As such, it is the pricing mechanism for most important raw material markets. When the value of the dollar against other... more

Dow Jones News Highlights: Resources

Oct 30, 2015

This Dow Jones News newsletter highlights some of the top coverage from Dow Jones' newsrooms around the world. The newsletter's focus is Resources, and coverage highlights include:

Exclusive news on PetroRabigh Tenders, Nord Stream 2 and... more

Crude Oil Testing an Important Reference

Oct 23, 2015

During the past two months, December crude oil has been contained within a 44.45 to 50.88 range. About two weeks ago, the market came within ten ticks of the 50.88 balance high, but failed to take it out. Since that day, the market has gone lower... more