What a U.S. Rate Cut Could Mean for Gold Prices
U.S benchmarks notched a fundamentally and technically constructive session yesterday. Although it felt price action shrugged off soft CPI data on Wednesday, we believe this to have overall kept bidders glued to a tiring rally. First and foremost, there is absolutely nothing wrong for a rally to consolidate after running 6.7% (S&P) from low to high in just about a week.
Updating Our ETF Satellite Recommendations
Raw Sugar (SB) Weekly MACD Trying to Positively Cross
Oil Rebounds, Futures Tick Higher
The S&P 500 futures trade 11 points, or 0.4%, above fair value, supported by a bounce in oil and by lingering optimism for the Fed’s policy decision next week. Many of the energy stocks are up in pre-market action following the sharp increase in the price of oil ($53.04/bbl, +$1.90, +3.7%), which fell over 4% yesterday.
Silver (SI) Readying to Retest Key 15 Level
Natural Gas Prices Quietly Ease Off Multi-Year Lows
Major Pivot for Energies
Corn futures are softer to start the week on the back of some better weather over the weekend, allowing some planting to get done in areas that are far behind. Crop progress will be released this afternoon, expectations are for the crop to be 80-85% complete, a big jump from 67% last week.
Soybean (ZS) Consolidating Just Below 2018 Low
Corn Plantings at Point of No Return
Cocoa (CC) Nearing 2019 High
Early Look: Thursday, June 6, 2019
Stocks in the U.S. are on track to rise for a third straight day, building on recent gains amid hopes of lower interest rates from the Fed this year as well as bets that the U.S. will reach a deal with Mexico this week to avoid getting hit with tariffs.
Will the Real Commodities Index Please Stand Up?
Federal Reserve Chair Powell lit a fire under equity markets yesterday affirming the committee is ready to “act as appropriate”. We have said it before, and we will say it again; the Fed is in the driver’s seat.
Silver (SI) Weekly MACD Trying to Positively Cross
June 4, 2019
Technical Analysis (Gold, Dollar, Oil and more) Heading into Tuesday’s Open
Natural Gas Prices Plunge To New Multi-Year Lows
Soybean (ZS) Weekly MACD Trying to Positively Cross
More Downside Ahead for Gasoline?
In Hot Coffee: Where the Luckin Coffee IPO Went Wrong
China’s great Starbucks rival, Luckin Coffee, hit on the nerves of a lot of investors last week – and the coffee wasn’t to blame. A precipitous share price drop of 39 percent from its previous peak seems to have dampened the market’s thirst for java. But it wasn’t always this way.A few weeks ago, Luckin’s story was one of promise and potential: a young upstart brewing a revolution against multinational coffee overlord Starbucks.