US FOMC - March Preview - It's up! I included gold's reaction to December's FOMC meeting where the last economic dot plots were released. Good luck!

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Nice write up! So what do you think will happen if the Fed doesn't extend the SLR relief program? If they don't, there's going to be pent-up sales of about 700B in US treasuries.

Yieldjunkie's Short-term Sentiment: Indices, Macro Risk Env

Silver has begun to underperform gold since the overnight session. Unless something has changed recently, this is a very bearish sign for previous metals:

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Crude oil prices were certainly due for a pullback. The extremely low volume the past few days is telling me the market is very uncertain one way or another:

WTI Crude Oil Trading

I'm not sure who in their right mind would speculate long NG anymore.

Nat Gas anyone?

US FOMC - March Preview All eyes will be on the latest FOMC Economic Projections at 2pm ET. Then, 30 minutes later traders will be closely monitoring Powell's press conference. Odds are high the Fed will move markets this week, no matter how hard it ...

High Impact Events Trading... Gold & Copper

Very light trading volume in CME crude today. Actually, pretty light the last few sessions. I sensing some uncertainty out there.

WTI Crude Oil Trading

That tells us it was more about euro strength rather than any dollar weakness. It didn't really go up much. It kind of sold off slightly after the initial knee jerk reaction. The ECB meeting turned out to be a relative non-event. The market now is ...

High Impact Events Trading... Gold & Copper

Gold and silver have a very high correlation. Euro's correlation with gold is heavily dependent on the US dollar. As the USD weakens both will appreciate. Yup, you're on the right track with that one.

High Impact Events Trading... Gold & Copper

After that initial knee-jerk reaction it looks like traders started to sell crude on back to back weeks showing huge builds.

WTI Crude Oil Trading

To all my fellow energy traders out there. T minus 55. After last week's record build/draws, we could see some fireworks. I posted a brief preview: url Good luck out there!

WTI Crude Oil Trading

url Volatility is expected in about an hour as crude, distillates, and gasoline are coming off record builds/draws. Here's the recap of exactly what happened last week. Remember, crude/heating oil/gas will all take the same direction. Last week ...

High Impact Events Trading... Energy Edition

ECB meeting should be bullish for gold. It's not a certainty but historically gold along with the euro have both appreciated on the event. Here's more on it: url

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Thursday we'll see the ECB rate decision/Monetary policy announcement. Considering increasing bond purchases and talking down rates has already been priced into the markets, the attention will probably turn to PEPP. ECB could further increase the ...

High Impact Events Trading... Gold & Copper

Gold is holding above the $1700 level. The ECB meetings are usually bullish for gold (and the euro). We could see a little bit more of a bounce back this week.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I'm not currently in crude but it's hard to bet against this at least testing $70. Here's the daily (CME CL):

WTI Crude Oil Trading

No debate here . What a wild ride it's been.

WTI Crude Oil Trading

I still these this sell-off in gold as more of a correction (longer term) rather than a new overall direction. Long term fundamentals still support holding gold. Too much uncertainty out there. Not only is it a safe haven but there's also the hedge ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

We've never seen such disparity between crude and gasoline/distillate inventories. A record build in crude along with record draws in gasoline/distillates. Interesting times. After an initial spike lower crude (CME CL) rallies by almost $1. There's ...

WTI Crude Oil Trading

Looks like gold futures will be settling the week around $1725. Pretty critical support area around here. Gold prices still supported by long term fundamentals. Stock market is over-extended and bitcoin hasn't replaced gold as a safe-haven. Give it ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread