Article By: Tyler DurdenRead
Sunday, March 26, 2017 8:51 AM EDT
The December accord, aimed at supporting the oil market, has lifted crude LCOc1 to more than $50 a barrel. But the price gain has encouraged U.S. shale oil producers, which are not part of the pact, to boost output.
Article By: AnyoptionRead
Sunday, March 26, 2017 8:26 AM EDT
The S&P 500 exhibited its worst weekly performance since November’s elections, this week, losing 1.4%. U.S. equities came under fire as Trump’s administration had to pull the healthcare bill aimed at replacing Obamacare.
Article By: GoldPredictRead
Sunday, March 26, 2017 3:53 AM EDT
We are in the middle of the transition phase as the dollar bottoms and precious metals top. It’s hard to forecast the day-to-day price changes during this stage of the expansion. Nonetheless, it should wrap up sometime next week.
Article By: Tony CherniawskiRead
Saturday, March 25, 2017 4:24 PM EDT
The Euro rally may be over, the SPX is showing an aggressive sell signal, the Yen is in the longest winning streak since 2011 and it may be time to buy the rumor, sell the news on the long bond.
Article By: Jordan Roy-ByrneRead
Saturday, March 25, 2017 10:10 AM EDT
The current weak technical action in the gold stocks is further evidence that precious metals are unlikely to see a blast off soon. Gold could continue to rally on the back of stock market weakness but don’t expect that to pull miners much higher.