BlogHide Resteemstradingbid (13)in money • 5 years agoGold Rebounds As Sell Everything Mode PausesGold is on the rebound on Friday, paring some of the losses from the previous 2 session. The precious metal is down over 10% over the past fortnight. Rather than bounding higher on safe haven…tradingbid (13)in money • 5 years agoWTI: With Trump’s Intervention, Oil May BottomIf traders didn’t already have a reason to wake up and pay attention, maybe this realization will help: We’re currently navigating times that hundreds of future books will be written about. For…tradingbid (13)in money • 5 years agoOil Heading For 17-Year LowsThe oil market can’t get out of the red zone. After a massive sell-off on Tuesday’s trading session Brent fell below $ 30 per barrel, the decline continued on Wednesday. Most likely, the sellers are…tradingbid (13)in money • 5 years agoCrude Oil Fell To $20.37 Yesterday, Is Now A Good Time To Buy?Crude and Brent oil are down over 60% year-to-date. Yesterday, crude oil fell 24% to $20.37 touching an 18-year low due to coronavirus panic around the globe. Both, WTI and Brent are on track to…tradingbid (13)in money • 5 years agoNatural Gas: If You’re Long, Be Afraid...Be Very AfraidFor some longs in natural gas still shuddering at finding themselves at 25-year lows after this week’s 14% price collapse, I hate to be the bearer of this news: the worst isn’t over. The…tradingbid (13)in money • 5 years agoOil Demand Signals: 15 Best And Worst Case Scenarios To WatchFinancial institutions, energy firms and energy-focused organizations around the world are currently adjusting forecasts for oil demand in 2020 given the continued, global spread of coronavirus and…tradingbid (13)in money • 5 years agoThe Energy Report: Fatal ContractionStocks and oil plummeted yesterday as Treasury Secretary Steve Mnuchin warned of what can only be called a fatal contraction. Reports say that the Treasury secretary cautioned that if the U.S.…tradingbid (13)in money • 5 years agoGold To Silver Ratio’s Breakout Acts Like A Hot Knife Through ButterHow likely is the market volatility to impact our silver price forecast? We’ll also comment on the current opportunity in silver compared with the opportunity in the mining stocks. Let’s start…tradingbid (13)in money • 5 years agoChart Of The Day: Oil Price Tug-Of-War Makes It Hard To Tell Which Way NextThe price of oil just crashed to below $25.00 as we write this. That's right below the intraday low and $26.21 closing price of February 2016. It's also in line with the commodity's 17-year low hit…tradingbid (13)in money • 5 years agoWTI Crude Oil May Continue Downtrend To 22.80WEDNESDAY FORECAST, MARCH 18 Downtrend The downtrend may be expected to continue while crude is trading below resistance level 26.14, which could be followed by reaching support level 22.80.…tradingbid (13)in money • 5 years agoWTI Oil: Prices Are FallingAt the end of today's Asian session, WTI crude oil broke through the psychologically important support level of 26.00, updating the 4-year low. At the beginning of the European session on…tradingbid (13)in money • 5 years agoPrecious Metals Stay On Ground As Trump Fires Stimulus RocketsWe live in the strangest of times where a 24 hour period can feel like 24 days. Just yesterday, I wrote that I wasn’t sure if Donald Trump’s acknowledgement of a potential recession from the…tradingbid (13)in money • 5 years agoWTI’s Perfect Bearish Storm Approaching Key Support Near 25.00Even in a lifetime of an oil bear’s wildest dreams, it would be impossible to conceive of a more perfect storm for oil prices falling precipitously: Crude faces arguably its largest demand shock…tradingbid (13)in money • 5 years agoAll Gassed Up With No place To GoThe good news is gasoline prices may be headed to all-time inflation-adjusted lows. The bad news is you might not have anywhere to go. Even with plunging crude prices, refiners can't make money as…tradingbid (13)in money • 5 years agoGold Futures Up Over 3% As Fed Opens Commercial Paper Funding FacilityGold futures moved up sharply Tuesday, finding support after the U.S. Federal Reserve launched a crisis-era commercial paper funding facility aimed to help businesses suffering from the…tradingbid (13)in money • 5 years agoGold Trades Lowers, Other Precious Metals FollowThe Gold futureslost 1.99% on Monday, as it slightly extended its Friday's sell-off. The yellow metal fell the lowest since late November of 2019 yesterday, before bouncing off a daily low of…tradingbid (13)in money • 5 years agoSilver Attempting To Break Multi-Year SupportSilver Monthly Chart Silver Monthly Chart I’m a huge fan of frequently looking at very long-term charts. With that in mind, today I want to take a look at Silver over the past 45-years, on a…tradingbid (13)in money • 5 years agoEnergy Report: Demand Destruction And Oil Price UncertaintyThe good news is gasoline prices may be headed to all-time inflation-adjusted lows. The bad news is you might not have anywhere to go. Even with plunging crude prices, refiners can't make money as…tradingbid (13)in money • 5 years agoGold Enters 7th Consecutive Day Of LossesGold prices entered a seventh consecutive day of losses on Tuesday, as investors hoarded cash amid the deepening economic crisis caused by the coronavirus pandemic. Although gold typically benefits…tradingbid (13)in money • 5 years agoWill Gold’s Descent Stop With Trump Finally Saying Recession May Happen?Under ordinary circumstances, one emergency rate cut should have been enough to do it for Wall Street. But these are extraordinary times, so even two unscheduled Fed cuts haven’t worked their magic…