Agree Harry. We are likely to tread water until then. Look how low volume was on Monday: image

Gold RIGHT NOW

This is a big week with UK elections, FOMC, ECB, and SNB meetings. image

High Impact Events Trading... Gold & Copper

With the OPEC cuts, USMCA talks looking like tomorrow there could be a deal, and rumors coming out that US-China trade talks are back on WTI could easily break $60 in the near future. The biggest factor of those three though is of course the ...

WTI Crude Oil Trading

I've been historically early on calling stock market corrections, but I think it's a big risk staying long equities. The US economy hasn't had a recession in 10 years. It's the longest stretch without a recession in the entire history of the United ...

Private Island Traders

It should be interesting. You might be right Ef5! Welcome aPhong!

High Impact Events Trading... Gold & Copper

US labor data on deck! Check out the latest preview for the data tomorrow: US Employment Data - December Preview

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

US Employment Data - December Preview Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate Forecasts NFP The range of forecasts for NFP is from about 140K to 210K, excluding outliers. If the number comes in outside of this range, ...

High Impact Events Trading... Gold & Copper

You are 100% correct. It happens a lot especially with NZ data. However last night was a little different in that the reaction occured before Orr's speech with the release of the bank capital review. It was very confusing because I believe the ...

WTI Crude Oil Trading

We could see some heavy volatility in the next couple of days with the OPEC meetings. I just posted a preview. Check it out: OPEC Meetings - Preview

WTI Crude Oil Trading

OPEC Meetings - Preview OPEC Meetings OPEC-JMMC Meetings What to expect from OPEC The first meeting will be limited to OPEC members which will take place Thursday. The big question is can Saudi Arabia get deeper production cuts, or will they just ...

High Impact Events Trading... Energy Edition

Preview posted for tomorrow's Nat Gas event: Natural Gas Storage - Dec 5th Preview

Nat Gas anyone?

Natural Gas Storage - Dec 5th Preview Natural Gas Storage Forecast While the median forecast is around -20B, the range of estimates is wide from -5B to about -30B. Outlook As we can see by the graph below we are entering the season where consumption ...

High Impact Events Trading... Energy Edition

Gold right now is looking kind of bearish after reviewing today's volume on the CME. Looking at this 30M chart the selling pressure is evident. Volume spiked any time we saw some selling. Longer term I'm still bearish but this is an argument for a ...

Gold RIGHT NOW

API data pretty accurately predicted the EIA data. A surprise draw in both and builds in distillates and gasoline inventories. Haha.

WTI Crude Oil Trading

Great to hear! Yup. I think it's on it's way back above 1500 given the US and China seem to be going backwards in any trade deal. NFP could be a potential trigger. Right now though, there's room for a pull back before heading higher. If not, it ...

Gold RIGHT NOW

It does seem like it's sitting in the middle of a range. I agree that we may see a big move to one side but I think the trigger could be the inventory data due out tomorrow. API showed a surprise draw. I'd still be hesitant to go long as long as US ...

WTI Crude Oil Trading

Volume has been strong during the recent upswing. We could see some higher prices in gold leading up to NFP on Friday. This week we've seen volume really come back into the markets. image

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

Nat Gas has come back a little this week. Still has some room to the upside. Storage data on Thursday might determine the week's performace. image

Nat Gas anyone?