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The price of gold has been up steadily for the last 30 days (with a few zigs and zags), now re-attaining the high it achieved prior to the big drop in March. Gold ended the week at $1,662. Alas, it's not quite the same story in silver, whose price drop was bigger. Now its price blip is smaller...

Fear gripped the market this week after a historic drop in the nearest oil futures contract sent many traders scurrying to the sidelines of the energy market. The big worry plaguing investors is that the record oil price decline is a harbinger for another huge bout of selling pressure in the...

For the first time in history, oil was trading in negative numbers today at -$37/barrel, a collapse in demand that may see many US shale producers go out of business, Ash Bennington and Ed Harrison said during today’s Real Vision Daily Briefing. They said that the problem stemm...

Commodity traders employ two terms to describe the state of the forward curve, which is the difference between prices for future delivery dates. Backwardation is a condition where deferred prices are lower than nearby values. A backwardated market is a sign that nearby demand is higher than th...

Headlines abound around the fact that the U.S. oil prices have gone negative. However, it's important to understand that this is a very technical development that diversified financial investors don't have much exposure to. Let's start with a bit of background. The coronavirus outbreak has l...

The debate over the shape of the recovery, "V" or "L", which might emerge following the dislocation and global contraction. What clues can we find? 1. Domestic Data clues ( The Two Easiest Dots Anyone Will Ever Have To Connect ) "Deprive any animal of oxygen and watch how it doesn't move...

Originally published on April 20, 2020 With benchmark West Texas Intermediate oil prices hovering around $22 per barrel 1 for the June contract and regional prices even lower, netbacks for producers are admittedly dismal, making the current outlook for US oil production tenuous. Headlines...

Originally published on April 20, 2020 By Bob Iaccino At a Glance WTI crude oil prices fell more than 40% after the Saudi-Russia price war, then continued falling after the production cut announcement. Even with a deal to cut oil output, the U.S. shale industry could see more ban...

Originally published April 20, 2020 With oil in the midst of what could be its sharpest downturn in history, it’s not a surprise to see that gas prices at the pump have also been declining. Looking at the chart below, the national average price of gasoline has had a close correlatio...

Originally published April 20, 2020 If you've been alarmed by the headline "Oil plunges below $10/bbl," don't be. Chart #1 It's only a temporary phenomenon, brought on by the sudden collapse of oil demand (see Chart #4 in my previous post for more info). As Chart #1 shows, it's only ...