Massive $60 drop in gold today on news of a potential vaccine: url image

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

Next week we should see some significant volatility across all markets including gold. On Nov 3rd we have the US election, which may end up dragging out unless a clear winner is announced. Then, the FOMC meets on Nov 5th. While rates will remain the ...

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

Yup. I see $1850 as a strong support level. Dollar strength is weighing on gold. Longer term fundamentals still support gold prices but we could be due for a shorter term correction. Here's that $1850 support level: image

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

Copper keeps making higher highs. An indication that China is doing well. image

Copper for everyone

That's a smart position IMO. Long term fundamentals still strongly support both gold and silver.

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

Over the last few trading sessions, silver has been under performing compared to gold. Recently, that's a sign of bearishness in precious metals.

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

Natural gas selling off into the weekly close. image

Nat Gas anyone?

You're right in that there is no industry standard for continuous contracts. However, on TradeStation (my platform) the prices of the continuous and the front month will match. Unless you're using that platform to clear through it's smarter to ...

Nat Gas anyone?

After gapping up this week, natural gas (CME NG) has looked like an airplane ready to land: image

Nat Gas anyone?

Liquidity and volatility seemed pretty low in precious metals today. As you metioned, it's due to the holiday.

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

Here's a look at copper (pink) vs crude on a daily chart. Both commodities are reliant on both supply/demand. Much of copper's demand comes from China where as oil demand is more dependent on the US (to a lesser extent). Bottom line: As long as ...

Copper for everyone

Strange. I'm using TradeStation and looking at the CME's (Henry Hub) continous contract. Which to you use? Here's my daily chart: image

Nat Gas anyone?

Copper is on its way to biggest drop in 9 years: image

Copper for everyone

That's the general thinking but it's been so unpredictable (both weather and natgas prices). I was almost certain we'd come off the lows and were going to keep trending higher. It looks like it's going to retest those lows. image

Nat Gas anyone?

I still think the $1900 level has significance. Although the longer we stay above that level (CME futures), the more important (or stronger) that support becomes. image

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

There's a very early cold front about to go through the midwest and eastern US. Colder Pattern Emerges This Week in the Midwest, East and October May Kick Off With Potential Frost and Freeze. It should at least support natural gas prices. But ...

Nat Gas anyone?

Since we are already in October the risk of a hurricane coming from the Atlantic is pretty much gone. This late in the hurricane season, if a hurricane were to form, it would most likely be somewhere in the carribean/gulf. Those are historically not ...

Nat Gas anyone?

We've seen Natural Gas get hammered for a long time now. Only recently has it begun to come off the low it set. It's been hammered by a few things including two years of unusually warmer US winters and more recently cheaper oil prices. As oil prices ...

Nat Gas anyone?

Natural Gas is bucking today's trend. While all other commodities are down, it's have the single best day in recent memory: image

Nat Gas anyone?

Interesting tweet: API vs EIA back to median running error. This means API crude report predictability (for EIA report) is 50/50 at best.

WTI Crude Oil Trading