FlowBank

1092 days ago

Gold's poor start in 2021 could worsen

Investors are fleeing Gold ETFs, which were the pillars of gold's ascent to an all-time high. The total holdings of gold-related ETFs dropped to their lowest since May 2020. 

#Commodities
Gold's poor start in 2021 could worsen

1093 days ago

Time to come back to Gold and Gold miners?

Gold miners relative to Gold looks to be breaking the downward trendline. Gold Miners leadership versus Gold has historically been a positive signal for the whole precious metals complex, i.e both the stocks and the commodity. Chart source: Tavi Costa, Crescat Capital. 

#Commodities
Gold Miners relative to Gold

1094 days ago

OPEC bets that crude oil demand will recover as fast as output returns

The restriction easing decided by the group is indeed a bet that the current soft demand will improve at the same pace as production returns. The group plans to add 2.1 million barrels per day of output by July. The question is, will demand really recover at a pace that will the market absorb all this extra oil? What was not enough might risk to become too much. 

#Commodities
OPEC bets that crude oil demand will recover as fast as output returns

1094 days ago

Metals in the past year: gold did not perform well

Gold has been one of the worst metal to own over the last year, and by a long shot. Is it about to bounce back soon?

#Commodities
Metals in the past year: gold did not perform well

1099 days ago

Double bottom pattern emerging in gold ?

Double bottom pattern would only be confirmed with a rise over the mid-March peak but rally off the low is postive for gold.

#Commodities #Technical Analysis
Double bottom pattern emerging in gold ?
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