Author: Jim Wyckoff

Friday, April 26–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place is awaiting the latest reading on the growth rate of the U.S. economy, due out Friday morning. The first-quarter advance...

CURRENCIES: The June Euro currency closed down 5 points at 1.3022 yesterday. Prices closed nearer the session low yesterday. Bears still have the overall near-term technical advantage. Euro bulls’ next upside price...

Thursday, April 25–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Gold is trading sharply higher in early U.S. trading today. It is my bias that the majority of the raw commodity sector is now looking...

ENERGIES: June Nymex crude oil closed up $2.43 at $91.61 yesterday. Prices closed near the session high yesterday and hit a fresh two-week high. Short covering, a weaker U.S. dollar index and a bullish weekly DOE storage report...

Wednesday, April 24–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Strong demand for physical gold worldwide, and especially from Asia, continues to underpin the gold market as investors do some...

Tuesday, April 23–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news there was weak German manufacturing data released Tuesday that bolsters arguments the European Central Bank will lower...

June U.S. T-Bonds closed up 3/32 at 148 7/32 yesterday. Prices closed nearer the session high yesterday. Bond market bulls have the near-term technical advantage. A six-week-old uptrend is in place on the daily bar chart. The...

Monday, April 22–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Strong demand has surfaced for physical gold (bars, coins, jewelry) in the wake of this month’s collapse in prices. This is a major...

* LATEST MARKET DEVELOPMENTS * Asian and European stocks were higher overnight, with U.S. stock indexes also higher early Friday morning, amid an improved investor risk appetite to end the week. In the U.S., focus of traders and...

METALS June gold futures closed up $8.50 an ounce at $1,391.10 on Thursday. Prices closed nearer the session high yesterday on short covering and bargain hunting. The key “outside markets” were in a bullish posture...