The Gold & Commodities category is a sub-section of Market Analysis that includes charts and commentary associated with precious & industrial metals such as gold, silver, and copper as well as various hard & soft commodities such as oil, gas, wheat, corn, etc…

Lots of Insignificant “Noise” in the Markets Today

Lots of decent reversals today: - XOP recovered from nearly a 2% loss earlier with the ETF climbing out of that hole & just going green for the day. - As @schooner mentioned in the trading room, decent reversals in the broad markets. - Semis once gain tested & bounced off the primary uptrend lines. [...]

JJC (Copper ETF) Poised for a Correction

$COPPER (copper continuous futures contract) looks poised for a pullback off this overbought rally into resistance with negative divergences in place  on the daily time frame while JJC (copper ETF) appears likely to break down below this 60-minute bearish rising wedge soon with a drop of at least 6% from current levels. I am considering [...]