According to the CFTC Commitments of Traders report for the week ended Jun 19, net LENGTH for crude oil futures declined -14 346 contracts to 580 947. Net LENGTH for heating oil futures rose +16 653 contracts to 51 250 while that for gasoline soared +11 668 contracts to […]
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Leading the gains was LME copper, up 1.1%, followed by tin (+0.5%), lead and zinc (both up 0.4%). Meanwhile, aluminium is up […]
Summary Gold has been sideways the last few years, but I remain bullish on the precious metal for the long term. Even […]
Precious metals are losing their shine. Despite turmoil in emerging market economies and a burgeoning US-China trade war, the metals that traditionally […]