Author: Jim Wyckoff

Thursday, May 23–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * There are keener “risk-off” trader attitudes in the market place Thursday, which has the gold market seeing good safe-haven...

GRAINS: July corn futures closed up 18 1/2 cents at $6.58 1/2 Wednesday. Prices closed near the session high on heavy short covering. Traders on this day decided to focus on planting delays that are still occurring in the U.S....

Wednesday, May 22–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place is mostly on hold Wednesday morning, awaiting Federal Reserve Chairman Ben Bernanke’s speech on the economy and...

* LATEST MARKET DEVELOPMENTS * The market place is awaiting Federal Reserve Chairman Ben Bernanke’s speech on the U.S. economy and monetary policy before the Congress on Wednesday. The Fed’s FOMC minutes are also due...

CURRENCIES The June Euro currency closed up 61 points at 1.2892 yesterday. Prices closed nearer the session high yesterday and saw short covering in a bear market. Bears still have the near-term technical advantage. Euro...

Monday, May 20–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Gold and silver futures early this week are leading a weak raw commodity sector to the downside. Gold prices are down for an eighth session...

* LATEST MARKET DEVELOPMENTS * The U.S. dollar index is stronger again Friday morning and is hovering near this week’s 9.5-month high. San Francisco Federal Reserve Bank President John Williams late Thursday said he is...

METALS June gold futures closed down $8.80 an ounce at $1,387.40 yesterday. Prices closed nearer the session high yesterday and hit a fresh four-week low. The gold bears are in firm near-term technical control. Prices are in a...

* LATEST MARKET DEVELOPMENTS * Gold is in the spotlight Thursday as prices have been dropping for the past week. June gold futures on Wednesday dropped and closed below important psychological support at $1,400.00 an ounce, to...

ENERGIES: June Nymex crude oil closed steady at $94.21 today. Prices closed nearer the session high today. Gains were limited by a firmer U.S. dollar index and worries about worldwide demand. Crude bulls and bears are on a level...