OPEC+ meeting is Saturday which sets up some risk for a gap next week at the open. While there's a lot more risk in OPEC+ failing to come to an agreement, the likelihood is small. They'll most likely finalize the production cuts which sets up crude ...

WTI Crude Oil Trading

NatGas is very cheap right now. I've been tracking it for a while over in this thread: url

WTI Crude Oil Trading

Gold and silver correlation was very high this week. Very close to +1. image Gold gained minimal ground on silver. I'd expect the gold-silver ratio to continue to come down next week. image

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

And copper just continues higher. Pre-covid levels not out of sight. image

Copper for everyone

It might be a stretch to think copper will return to pre-covid levels. Horizontal line indicates where copper was before China's covid outbreak. It's certainly looking bullish. image

Private Island Traders

That's usually when I step away from the crack pipe. Impressive call by Kwame though. Now it's all about OPEC/OPEC+. If last meeting was any indication, queue the drama. image

WTI Crude Oil Trading

Move looks like it's happening sooner rather than later. Popping back up. Talk about a whip. Looks like a good move to stay out. Just made a lot of it back very quickly.

WTI Crude Oil Trading

Crude falling off a cliff. No news? image

WTI Crude Oil Trading

Nat Gas was looking strong earlier but has given back all its gains. image Still looking weak on the daily: image

Nat Gas anyone?

Gold right now (CME futures) is holding above the $1700 handle. We didn't see the same momentum as it did when it broke lower. It'll be interesting to see if it can hold. image

Gold RIGHT NOW

I have to admit I immediately checked the charts thinking I missed out on a gold rally. Fares, what are you seeing near highs?

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

The Japanese yen sold off and gold followed. Bond yields are higher and so is crude oil. Equities aren't really participating in the risk-on environment but they've decoupled in recent weeks. The yen could've been a leading indicator for the move in ...

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

There's been no confirmation of any OPEC/OPEC+ meeting being moved up. So far, rumors are swirling about a June 4th meeting, They look legit except some are reporting it as an OPEC and others OPEC+. Not sure which one yet. It could be a volatile ...

WTI Crude Oil Trading

Gold and silver trades very close in correlation today. As has been the case recently, silver outperformed gold again. Silver in pink: image

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

Trump is speaking in about 20 minutes on China. Logic is telling me it'll be gold-positive but I'm sensing we are seeing buy the rumor sell the news in today's gold rally.

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

Livermore. I want to hear about the struggle to come back from losses. He's a true trader. Buffet would be interesting but he's more of an investor IMO. Dailio would also be good. I'd like to ask him about how he figured out to systematize his ...

You can invite any trader for lunch - who do you choose?

Gold futures held above that $1700 handle again. image

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

Since about an hour ago, Silver has been taking off. No trigger that I can identify. image Precious metals in general are looking like they want to rally. image

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

Even during the recent declines, silver continues to outperform gold. Here's gold (green/red) vs silver (pink) image Gold/Silver ratio at about 100. image

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

As the Chinese economy gets back so do copper prices. This is the daily chart from the beginning of covid in China. (CME HG continuous) image

Copper for everyone