ENERGIES: January Nymex crude oil closed down $0.18 at $74.46 today. Prices closed nearer the session low. Not much new this week. Prices last week hit a contract and three-year low. The crude oil bears have the strong near-term...
Read More* Latest Market Developments * In overnight news, the Bank of Japan announced it would keep its very easy monetary policy steady, despite a grim Japanese GDP report issued earlier in the week. The BOJ governor said the latest...
Read MoreMETALS: February gold futures closed up $11.70 an ounce at $1,196.00 today. Prices closed near mid-range but did hit a three-week high early on. Short covering and bargain hunting were featured. The weaker U.S. dollar index...
Read More* Latest Market Developments * In overnight news, European stock markets and the Euro currency rallied due in part to an upbeat German ZEW economic expectations index for November that handily beat market expectations. The index...
Read MoreENERGIES: January Nymex crude oil closed down $0.31 at $75.51 today. Prices closed near mid-range. Prices Friday hit a contract and three-year low. The crude oil bears have the strong near-term technical advantage. The next...
Read More* Latest Market Developments * (Follow me on Twitter: @jimwyckoff) In overnight news, Japan reported its gross domestic product declined by 1.6% in the third quarter, year-on-year, versus expectations of a 2.2% increase in...
Read More* Latest Market Developments * (Follow me on Twitter: @jimwyckoff) In overnight news, the European Union reported its third-quarter gross domestic product, which came in at up 0.2% on the quarter and up 0.8% year-on- year. While...
Read MoreSOFTS: March sugar closed down 35 points at 16.01 cents today. Prices closed nearer the session low. The slumping crude oil market that hit a three-year low today was a bearish factor for sugar. Sugar bears have the firm overall...
Read More* Latest Market Developments * (Follow me on Twitter: @jimwyckoff) In overnight news, the World Gold Council reported Thursday that worldwide demand for gold dropped by 2% from the same reporting period last year. Chinese demand...
Read More* Latest Market Developments * (Follow me on Twitter: @jimwyckoff) In overnight news, the German government auctioned a two-year note (the Schatz) for a negative yield Wednesday, which fetched -0.05%. Investors are paying the...
Read More
