ETFS

The price got too cheap Inventories keep climbing, but not for long At least one attempt to reach $3 per MMBtu Natural gas has a long history as one of the most volatile commodities when it comes to its price action. Since the NYMEX first began trading the combustible energy commodity, the price has ranged
0 Comments
What it means is that the Chinese silver market will have more input into the world price of silver. And, the world will get a better view of silver demand in Asia. The Shanghai gold price benchmark has now been around since 2016, and no one discounts the effect of Asian sentiment on the gold
0 Comments
Whatever it is, here are the latest predictions from big institutions. Not exactly recently, but Citigroup went on record in early September saying they expect gold to hit 2000 USD/troy oz in the next 2 years. HSBC said yesterday they’re looking for 1605 by the end of 2020. Standard Chartered is looking for 1570 by the end of next
0 Comments
In the wake of recent performance downgrades from Wall Street analysts, Canopy Growth Corp. (CGC) today announced its divestment of AusCann, signaling a potential shift in the company’s growth strategy.   Thus far, Canopy Growth has exhibited an aggressive acquisition strategy — much to the malaise of investors concerned about cash burn. Even today, the
0 Comments
At the lowest price in October since 2015 Inventories are climbing, but they will not hit four trillion cubic feet Oversold on the long-term chart going into the peak season Natural gas is one of the most volatile futures markets. Since the NYMEX first introduced the natural gas futures contract in 1990, the price traded
0 Comments
Crude oil holds the $50 per barrel level Inventory data was neutral Processing spreads continue to climb The price of crude oil was trading around the $54.70 per barrel level at the end of last week on the nearby NYMEX futures contract. Last year at this time, the price of the energy commodity was moving
0 Comments
Gold has pulled back 6.5% from its August highs, and is now consolidating beneath its 50-day moving average. Despite the metal remaining in an uptrend, we are now beginning to see a dearth of bullish sentiment. I do not believe this correction is any reason to panic, and it’s encouraging to see some bulls throwing
0 Comments
Looking to the money markets, the Fed didn’t lower interest rates on Friday, which was called for by some but seen as a very-outside possibility by most. The next really-possible time they’d lower rates would be the Fed Open Market Committee (FOMC) meeting, speech presentation at 2PM Eastern time Oct 30. So between now and then
0 Comments
Gold is sitting just below the $1500 per ounce level Open interest is elevated and flat lining Gold could surprise on the upside Falling global interest rates and the ongoing trade war between the US and China created a potent bullish cocktail for the gold market. The price of the yellow metal rose above its
0 Comments
To put it bluntly, uncertainty. Uncertainty in 2 areas: strength of the US (and world) economy, and the US-China trade war.  This week the trade war is in focus so let’s look at that. Investors are uncertain about the outcome of the US-China trade war, and they would love to position their portfolios to best
0 Comments
Yesterday Hexo Corp.’s (HEXO) stock plummeted 24% — bringing much of the cannabis sector down with it — in the company’s worst-ever, single-day percentage loss. Hexo shares tumbled as the market reacted to a peak inside the companies less-than-stellar fiscal Q4 projections. Early yesterday morning, the Quebec-based cannabis producer issued preliminary guidance for its fiscal
0 Comments
Is there a simple way to understand silver? Yes indeed, silver analysts – including your friendly Gold Enthusiast – do sometimes prattle on about this and that factor, and how the silver markets are paying attention this right now, that a bit later. What if you just wanted a really simple way to trade silver?
0 Comments
The Gold Juniors Index has bounced off of its lows once again, but still can’t seem to reclaim $40.40 weekly resistance. Bullish sentiment on gold has pulled back from its highs, and is hovering above the pessimism zone. Until the $40.40 resistance is taken out to the upside, a re-test or break of the lows
0 Comments
The price rose early Inventories are already higher than last year’s pre-withdrawal season level A bullish reversal on the daily chart- Buying weakness going into the winter months Natural gas is a combustible commodity in its physical form, and the price often exhibits a wide price variance. There is a little over one month to
0 Comments
Bullish and bearish factors have been pulling the price of crude oil in opposite directions over the past months. The price had been moving lower under the weight of the trade war between the US and China. The wave of protectionist policies continues to threaten a global recession. Crude oil demand is a function of
0 Comments
Platinum has pulled back 12% and is now sitting just above its 20-month moving average. Bullish sentiment on platinum has pulled back to a little above the pessimism zone, from 92% bulls in September. I would view any 10% pullbacks in platinum as buying opportunities, as long as stops are used if the 20-month moving
0 Comments
Last Friday’s resignation of Hexo (HEXO) CFO Michael Monahan sent aftershocks across an already shaky cannabis sector, and so far the reactions on Wall Street have been mixed. Monahan’s resignation seemed to catch investors by surprise, as his hiring was just recently announced back in May. However, the former CFO insists his resignation is for
0 Comments
No two years are ever exactly alike, but the start of the fourth quarter of 2019 looked eerily similar to the same period in 2018. Last week, the stock market was shaky, and the price of crude oil fell to the bottom end of its trading range. In 2018, price carnage during the fourth quarter
0 Comments