Forecasts & Analysis | Commodities

Gold is 0.8% lower this morning, as it is retracing Friday’s advance following U.S. dollar advance.

The weakness in the global equity markets is encouraging investors to sell positions in gold to cover losses and to meet margin calls.

Equity markets kicked off Monday on the back foot following three weeks of consecutive declines in US stocks, which marked the longest weekly losing streak since 2019.

Precision timing for all time frames through a multi-dimensional approach to forecasting using Technical Analysis, Cycles, Breadth, P&F, and Fibonacci price projections supplemented by Elliott Wave Analysis

Crude prices began the first trading day of the week on a bearish note. The price slump is partly attributed to the exploding rate of the COVID-19 cases globally and in addition after the British government issued an alarming report that the sixth largest economy was in a precarious situation

The Commitments of Traders report covering commodity positions held and changes made by money managers in the week to September 8. Risk appetite returned with the S&P 500 Index rising by 2.1% while the dollar traded lower and bonds were unchanged. The commodity sector saw broad gains with hedge funds

A wordy definition, yes; but it is applicable to our topic of Fractional-Reserve Banking. After reading the rest of this article, you should be able to see just how important and enormous  Fractional-Reserve Banking is; as well as how dangerous.

At this time, LNG demand has to pick up or the market will face serious containment issues as winter approaches.

Keep in mind that hurricane season will pass and production will return to normal, but no one is certain about demand.

Gold investors were uninspired by the (FOMC) decision because policymakers were reluctant to add stimulus in view of improving fundamentals.