Trump wants cheap oil, but IMF data show that Saudi needs higher prices

Saudi Arabia needs higher oil prices to secure its costs by stimulating the economy and this is contrary to the wishes of Trump. IMF data released on Monday show that the world’s largest oil exporter needs prices of around $ 85 a barrel to balance its budget this year, compared with a forecast of $ […]

Dr. Copper with early signs of a rebound

Copper gives signs of a possible ending of the upward movement. After the long range of February 26, 2019, we have today a strong downward momentum that reinforces the breakthrough of the diagonal ascending line and closure below the 50-year moving average. Right now, the price has stopped at 38.2 Fibonacci at a price of […]

Low coffee prices threaten producers

Coffee continues to become cheaper at an incredible pace, which leads to desperation by many farmers in Central and South America. They tend to abandon their farms in practice, raising fears of a possible crisis in the industry. “Volatility destroys the livelihood of farmers,” says John Steel, CEO of Cafedirect. Steel also highlights the fact […]

Oil holds above $60, but the rally loses momentum

The rally in oil is definitely impressive, but to continue, the price has to break through and keep above $ 60. This is shared by analyst Louise Yamada. Reducing world oil supplies this year has only affected bullish feedstocks, with the WTI price circling around a new five-month high. But due to political and geopolitical […]

Why is silver lagging?

Silver has already confirmed the claim that the correlation between it and gold is severely impaired. If until 2018 we bought gold together with silver, things are now quite different. It seems the reason for the divergence between the two metals lies in the weak investment demand for silver in recent years. Meanwhile, ETFs in […]

Palladium bubble popped

Palladium futures today collapsed by more than $ 100 dollars per ounce on their worst day for more than 19 years. The price has collapsed from a record level of about $ 1,615 per ounce to the expected huge leap in demand from the automotive industry. June’s Comex futures fell 6.2 percent today, holding more […]

Oil continues climbing after OPEC cuts take effect

Oil continues to record new peaks, and today’s day was no exception to the positive series. The yield cuts from OPEC and Russia are helping, but the price has hit a little below $ 60 a barrel, a level that is yet to be tested this year. Western Texas Intermediate (WTI) futures – the state’s […]

Palladium at new highs

The price of palladium has begun to rise to $ 1400 per ounce, after one of the world’s largest precious metal consumers predicted the “hunger” for the raw material this year. And the price really went over $ 1400 for the first time, setting a record. Johnson Matthey, in Platinum Group Metals’s market report, said […]

According to Citi, copper can grow up to 10% over the next 3 to 6 months

Citi are bullish about the copper, expecting industrial metal to rise by as much as 10% over the next few months. Their forecast is based on the fact that Trump continues to signal that it is close to reaching an agreement with China and that the world economy continues to show a moderate recovery. The […]

Central banks with a record interest in gold

The amount of gold purchased by central banks in 2018 has reached a new record for the second consecutive year, according to the World Gold Council (WGC). Net banks bought 651.5 metric tons of gold in 2018, 74% more than in 2017 when 375 tonnes were purchased. According to the WGC, central banks already have […]