With fear and uncertainty mounting over the prospects of a global recession, interest rates have been falling. Even though the dollar index is in a bull market trend, the price action in the gold and silver market was explosive in August.
Gold fell to a low at $1161.70 in mid-August, but silver waited until mid-November to find its bottom at $13.86 per ounce. Since the lows, the precious metals have been making higher lows and higher highs. During the week of January 22, both... more
The dollar index moved lower by 1.14% in the fourth quarter of 2017, and commodities prices moved higher with five of the six major sectors posting gains. Out of the 29 commodities that I follow, 16 posted gains during the three-month period that... more
These upcoming events will impact commodities:Election Day on November 8 OPEC meeting on November 30 Fed Funds rate decision in mid-December
It has been a busy year, beginning with a tumultuous sell off in the Chinese... more
The second quarter of 2016 is now in the books. It was a quarter of fear of uncertainty, volatility, and gains for commodities. Overall, a composite of the 29 primary commodities that trade on futures markets moved 10.75% higher. So far in 2016,... more