While the concerns of a Global Recession are not entirely out of the question, the supportive economic activity we have seen in the U.S. should indicate that the Fed may be closer to achieving its soft landing goals. Construction and housing remain robust where mined resources such as copper are in peak demand. Asia and India have also seen a pick-up in activity...
It was an impressive week for commodities across the board, with everything from Precious Metals and Energies to Agricultural markets grabbing headlines. Inflation remains worrysome During the Pro-Farmer Crop tour, excessive heat across the Mid-West triggered volatility as farmers asked themselves, "How much heat can this crop handle?" You may ask yourself...
I know it's mid-August, but it indeed feels like Ground Hog Day with Precious Metals trapped on a merry-go-round of negativity where stronger economic data in the U.S. reaffirms the Fed's "higher for longer" theme that strengthens the U.S. Dollar and pushes yields higher. Then in the overnight sessions, we get a series of weak Asian data where calls for China to...
It was another challenging week for Precious Metals, with Gold futures trading back near one-month lows. At the same time, it is hard to believe that with a downtick in headline inflation data and an uptick in initial claims, Gold cannot sustain a rally. Realistically Thursday's data print should have marked the "bottom," and August's three-week seasonal bull...
Gold futures remain under pressure, led by better-than-expected employment data and a lack of follow-through on a U.S. credit rating downgrade. If you remember, in 2011, the economy was still struggling to find its footing after the fallout from the financial crisis. Unemployment was hoovering above 8%, GDP was trending below normal levels, and credit spreads...