Gold has been hovering around $1,500 and waiting for news surrounding Greece for direction. Our Senior Market Strategist Phil Streible said gold’s next move is a “tough call” and will depend on whether or not Greece approves austerity measures to secure a 12 billion euro aid package. He said if gold’s safe-haven bids start to [...]

Commodities overall had a great year in 2010, outperforming other asset classes.  While gold stole the spotlight, palladium was actually the top gainer, on track for a gain of 95 percent. Cotton was up 93 percent and silver was up nearly 84 percent. See this chart of YTD performances, courtesy of Finviz.

Commodities are on the move today after the U.S. November elections and the Federal Reserve delivered what the market wanted to see Tuesday and Wednesday. Gold shot up to a new record, rising $45.50 to $1,383.10 an ounce. Crude oil also gained big, topping $86 a barrel. Lind-Waldock Senior Market Strategist Richard Ilczyszyn said he’s [...]

Short-Term Futures Market Outlook by Blake Robben My technical indicators show the S&P 500 futures have been recently correcting, but trade is tricky right now. The dollar should remain weak, which could provide a prop for some commodities markets. I’ll take a look at the short-term term technical picture for the dollar, S&P 500, crude [...]

Futures Market Outlook by Blake Robben Usually when the markets show hints of bubbling or topping action, the moves are parabolic and the angles we see on charts are very steep. While we clearly saw that in crude oil last year, I don’t see that pattern yet in gold. I think gold, crude oil and [...]

Bullish Coffee Trend May be Brewing, by Phil Streible ICE coffee futures have seen a huge decline from the June 2 – 3 highs to under $1.17 a pound by July 22. I think this market is now getting a bit oversold and should see a more seasonal bullish trend redevelop. I’m looking for an [...]