STRATEGIES

Gold Scoreboard We’re of the long-running belief that everything — and then some — is all but instantaneously priced into major markets, or at least sufficiently so swiftly that ’tis nearly impossible for the human trader to take advantage, save for those having steely guts and deep enough pockets to […]

OPEC and OPEC+ oil ministers are preparing to convene on Mar. 5 and 6 in Vienna, despite the international coronavirus outbreak. The meeting was previously scheduled to address whether to continue with the 2.1 million bpd of production cuts that expire at the end of March. However, now that the […]

OPEC and OPEC+ oil ministers are preparing to convene on Mar. 5 and 6 in Vienna, despite the international coronavirus outbreak. The meeting was previously scheduled to address whether to continue with the 2.1 million bpd of production cuts that expire at the end of March. However, now that the […]

Federal Reserve’s emergency interest rate cut on Tuesday, looks like an acceptance as it was likely to reduce risks in the financial system and, as Fed Chair Jerome Powell claimed, provide a “meaningful boost” to the economy; but this looks evident enough to push gold in ‘Golden Saucer’ before weekly […]

Wednesday forecast, March 4 Uptrend An uptrend will start as soon, as the pair rises above resistance level 48.15, which will be followed by moving up to resistance level 48.66 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 49.30. […]

OPEC is going to do what it’s going to do. And beyond cutting production, there’s nothing the cartel can do to push oil prices higher. Yet, the epic demand destruction to crude caused by the coronavirus might not be something that can be fixed as easily by the one-cut-fits-all approach […]

Good Morning, We kickoff Chicago’s 183rd birthday with MBA Mortgage Applications and MBA 30-Year Mortgage Rate at 6:00 A.m., ADP Employment Change at 7:15 A.M., Markit Composite PMI Final and Markit Services PMI Final at 8:45 A.M., ISM Non-Manufacturing Index at 9:00 A.M., EIA Energy Stocks at 9:30 A.M., Fed […]

It seemed that after the Fed shocked the market with a 50 basis point rate cut, there was panic on Wall Street. It appeared the market took the surprise cut as an act of desperation and a sign that perhaps things are a lot worse in the economy than what […]