Interesting how silver is outperforming gold for about the past week or so. CME's GC/SI contracts overlay. Silver is the one in pink. image Gold/Silver: image

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

Natural gas isn't liking this strength in crude oil. Look at this week's divergence taking place. NG in pink. image

Nat Gas anyone?

Agreed. It would be enough to further suppress travel and other economic activity that WTI is heavily dependent on.

WTI Crude Oil Trading

Since China has opened back up, it has boosted copper prices. Copper is very demand driven, similar to crude. Here's an overlay that shows how the copper price recover has accelerated passed crude as China's economy has opened back up. Going ...

Copper for everyone

Here's a "zoomed-out" version of the same graph which shows how much more correlated they've become before and during this crisis. In March, when flight to quality began, the correlation also is clearly higher and continues to be.

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

The next domino to fall in this Covid-crisis is the escalation of China tensions which would strongly support gold prices, if or when it escalates. Longer term however, I think there's been and will continue to be a shift in risk-adversity and gold ...

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

German Towns To Reimpose Shutdowns Over Virus Clusters The way reopening is going I don't see US government issuing further lockdowns. They are determined to reopen aggressively. I'm not saying it's right or wrong, but it doesn't seem like this ...

WTI Crude Oil Trading

I just noticed it approaching what appears to be a crucial support level. I don't think it will break before the close. Markets are usually pretty quiet leading up to NFP. It could be a wild ride tomorrow. Here's what it looks like on the CME CL ...

WTI Crude Oil Trading

Too little too late! A polar-vortex event is set to hit the northeastern US this weekend, bringing snow and potentially record-breaking springtime cold

Nat Gas anyone?

Gold is rallying right now. When it crosses that $1700 handle it has some follow through. Here's the futures (GC): image

Gold RIGHT NOW

Despite the recent drop in the price of gold, I still see gold right now as an excellent long term buying opportunity. When the tensions surrounding China and the virus rise, it could accelerate the rise of gold prices as investors seek safety and ...

Gold RIGHT NOW

Great info. The discrepancy in underground storage at the end of winter between Lower 48 and 5-yr avg is astonishing.

Nat Gas anyone?

Both gold and silver selling off today since the European markets opened. image Gold is at some strong recent support levels. It'll be interesting to see if it holds here. Fundamentals still strongly support holding gold, especially longer term. ...

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

I definitely wouldn't be betting against it right now. That's a rally I'm okay missing.

WTI Crude Oil Trading

Another day of gains for crude oil. I'm not saying it's not justified with the easing of lockdowns, it's just hard to have confidence in it with such little volume. image

WTI Crude Oil Trading

I can't help but notice the lack of volume during the recent rally in oil prices. image

WTI Crude Oil Trading

The big risk to oil prices in the near-term is a spike in virus cases after restrictions are eased. Next couple of weeks could be pivotal for oil prices. Here's a look at this week's run. It's the continuous contract via TradeStation: image

WTI Crude Oil Trading

As countries start to ease lockdowns and restrictions there's a significant risk. The biggest risk to the markets right now is a second wave. We might be getting our first look at it happening in a major economy. Germany’s COVID-19 infection rate ...

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

There have been plenty of warnings of Crude going negative again. Daily chart isn't looking too good. This is the continuous via TradeStation but consider it the June contract.

WTI Crude Oil Trading

Is this just another pull back? Natural Gas has seen rallies almost daily (for the last several days) until today. image

Nat Gas anyone?