Forecasts & Analysis | Commodities

Not since the Spanish flu, which was also known as the 1918 influenza pandemic, did a virus cause harm on such a global basis.

Supply is recovering after Texas freeze

Gold prices rose on Friday as yields whipsawed and eventually fell. The dollar rose pushing through the February highs. The U.S. Treasury yields surged following a larger than expected employment report. February’s surprisingly strong job growth signals that the economy could be at a pivot point and is about to

The silver markets have fallen towards the $25 level to show signs of support. This is an area that I think is going to be crucial for the longer term.

The crude oil markets initially pulled back during the course of the week but then turned around to show signs of strength yet again.

Natural gas initially tried to rally during the week, but then broke down below the $2.20 level. That being said, it looks like it could drop even further.

Gold markets initially tried to rally during the week but then gave back the gains to reach down towards the 61.8% Fibonacci retracement level.

Crude oil has rallied significantly again on Friday due to a strong jobs number, and of course Goldman Sachs coming out to suggest that we go higher.

Silver markets fell again during the trading session on Friday to show signs of weakness, reaching down towards the $25 level.

Natural gas markets have broken down during the course of the trading session on Friday to reach down towards the $2.70 level.