Author: Jim Wyckoff

February gold futures closed up $22.00 an ounce at $1,677.50 yesterday. Prices closed near the session high yesterday and were supported by bullish “outside market” forces that included a sharply lower U.S. dollar...

* LATEST MARKET DEVELOPMENTS * In overnight news, European stock markets were supported and the Euro currency rallied following a successful Spanish bond auction that produced yields that were the lowest in almost a year....

February live cattle closed down $1.00 at $131.55 yesterday. Prices closed near the session low yesterday and hit a fresh three-week low on profit more taking. A choppy, two-month-old uptrend on the daily bar chart was at least...

* LATEST MARKET DEVELOPMENTS * Asian and European markets were quiet overnight amid a lack of major, fresh fundamental news developments. Fourth-quarter U.S. corporate earnings reports are starting to flow in, with Alcoa’s...

* LATEST MARKET DEVELOPMENTS * In overnight news there was a mixed bag of economic data released by the European Union Tuesday. Most of it was downbeat, highlighted by the Euro zone seeing record high unemployment in November,...

* LATEST MARKET DEVELOPMENTS * It’s a relatively quiet start to the new trading week and the U.S. economic docket is light Monday. The shine of last week’s temporary U.S. fiscal cliff agreement by U.S. lawmakers has...

* LATEST MARKET DEVELOPMENTS * The minutes of the latest meeting of the Federal Reserve’s Open Market Committee, held in early December, were released Thursday afternoon and they somewhat surprisingly revealed several FOMC...

March corn futures last traded up 1/2 cent at 6.91 1/4 yesterday in late trading. Prices were near mid-range and did poke to a fresh six-month low yesterday. The key “outside markets” were in a bearish posture for...