OPEC must announce some very substantial supply cuts for the bulls to succeed at this point onwards. US oil production and inventories are very strong and can easily blunt any half-hearted attempt by OPEC to maintain or push the prices higher. The ...

Trading Crude Oil with price action + indicator

This harsh downwards move is caused by an announcement that the Bank of Japan is upping its QE bond-buying program from JPY 70 trillion to 80 trillion... and triple its ETF buying to JPY 3 trillion. Again clear negative correlation with the USD/JPY!

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Spot on! I'm seeing a clear negative correlation

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The artist Michael Marcovici has a fascination with monetary themes and importantly this project was initiated over 5 years ago in 2009 yet only is being shown in the media now??. what is wrong with the media these days? they seem to lack the most ...

Rats can trade forex better than you

CME website. url url

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9 times out of 10 that usually means negative moves. Though perhaps this months big and fast drop surprised some of the bigger option holders, hence the defensive buying.... I'm personally staying out untill either the end of this week or next ...

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Maybe not.... its Options expiry on Friday. We all know what usually happens a day or two before expiry.....

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Agree on the trend followers always calling for targets out of reach, can be handy though for making a contrarian trade to the herd when they start to shout about thinking that they know where the price is heading. (usually near the end of a trend) ...

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In a nutshell Options are financial contracts promising the delivery of a commodity, in this case gold. These contracts expire 4 days before the end of each month and they have to be closed(settled) on this date. So as a holder of the contract you ...

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Reminder to all that today is settlement day!

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Silver in its Physical state is predominantly used for industrial purposes. url image Although linked to Gold, the price movement oscillates between following Gold or instead following industrial trends. Right now it's letting Gold run away from ...

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Well looks like Silver wants to act like an industrial metal. It hasn't budged an inch!!! GSR is now back up to 66.

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Fridays chart shows the Gold/Silver decoupling..... Yikes!

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Is it just me or is Silver copping a beating when compared to the Gold price? looks like the Gold Silver ratio is climbing......

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Gofo rates just came out: 1 Month: .05600 2 Month: .07800 3 Month: .09600 They are trending towards negative again, early June was the last time it was this low. Will keep an eye on it to see if it does get to negative. So far in this new 'normal' ...

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With options expiry upon us today and tomorrow, going short certainly does make sense right now as the Commercial Banks will do what they always do......... Push Gold down right on expiry. I'm looking to buy some Long's in the next few days once the ...

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Agree, Short term it does look like Gold is cruising for a bruising. Bears want this down.

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Freaky, i just saw that 1292 is spot on the 50 day Moving Average on a 6mnth chart.

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Heres a good chart illustrating at just how much there has been an explosion in the size of the contracts held by the big Swaps and Hedge funds in Silver...... Interesting times ahead! (also Gold COT attached underneath)

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