This update shows what the long-term chart and technicals say about where the metals, oil, lumber, U.S. Dollar, and Bitcoin are headed in the short term. Yes, we can use long-term charts to provide clues to the short-term movements in these metals, commodities, and assets. Interestingly, the long-term…
This is a monthly wrap-up of the Metals & Markets and some perspectives for the future. While everyone seems to be focused on the crazy action in the broader stock indexes, the real trouble is taking place in the economy and energy industry. What people don’t realize is if there is less energy production…
While the paper price doesn’t show it yet, the silver market continues to experience high demand and tight supply. In this update, I discuss what is taking place in the wholesale and retail silver market. Earlier today I spoke with Dan at Cloud Hard Assets about the retail silver bullion…
The days for China being the global gold mine supply leader are coming to an end. Yes, it’s true… China reached peak gold production and will soon become second-fiddle to the next future mine supply leader. Just a few years ago, China produced a peak of 464 metric tons of gold…
With the quarter coming to an end in a few days, there are some important technical levels for the markets, metals, and energy. Also, because the S&P 500 Index reversed on Thursday, from what could have been a larger selloff, and shut up higher on the close Friday, we may likely see new highs…
As the world faces the coming ENERGY CLIFF, countries with the largest oil imports will experience greater economic hardship than those who are less dependent on foreign oil. While the United States was heavily dependent on foreign oil in the past, its net oil imports over the past decade have dropped…