Commodities

The Gold Miner Breakout Points to Big Gains

The Gold Miner Breakout Points to Big Gains

A great buying opportunity in gold miners just opened up. And we can see it in one chart. Technical analysts, like myself, look for patterns in price charts. Patterns represent the emotions of traders. Among the most reliable patterns is the “big base,” which shows apathy. Investors must lose interest in an investment for it…

[Shale Crisis Update] More Ugly News for U.S. Oil Companies

[Shale Crisis Update] More Ugly News for U.S. Oil Companies

Story Highlights Shale crisis continues as a major oil service company just laid off 1,000 workers. Its stock has plummeted in the last two years. Similar developments industrywide suggest an ugly future for these companies. My jaw dropped when I heard the voice coming from the cellphone last week: “Halliburton just laid off 1,000 people…

Gold Stocks Hit 7-Year High — You Should Be Buying

Gold Stocks Hit 7-Year High — You Should Be Buying

Gold mining stocks just hit their highest price since 2013. And I think they’re set to double by the end of the year. The VanEck Vectors Gold Miners ETF (NYSE: GDX) holds a basket of gold mining stocks. The exchange-traded fund (ETF) trades around $33 per share as I write this. And it’s up 80%…

Oil and the Escalating Conflict in the Middle East

Oil and the Escalating Conflict in the Middle East

Story Highlights We just saw the latest step toward all-out war in the Middle East. And the oil price is finally reacting. Buckle up: This could be a bumpy ride. The next step toward an all-out war in the Middle East happened late Thursday. The U.S. military launched a drone strike at the Baghdad airport….

Heightened Risk to Influence Oil Prices

Heightened Risk to Influence Oil Prices

Breaking Update: Yesterday, Iran fired missiles at military bases in Iraq where U.S. soldiers and personnel were stationed. Damage is still being assessed, and U.S. President Trump is scheduled to comment this morning. The article and video below were written and recorded before those events. After an immediate spike, the price of crude oil has pared…

OPEC Is Now Obsolete: Oil Crisis Update

OPEC Is Now Obsolete: Oil Crisis Update

Story Highlights Many people think the U.S. has stopped importing oil, but we import 9 million barrels every day. Even more surprising is where most of that oil comes from. This creates an opportunity today to speculate. It might surprise you to learn that the U.S. still imports around 9 million barrels of oil per…

Oil Is Dead — Electric Vehicles Are the Future & Automakers Are Switching

Oil Is Dead — Electric Vehicles Are the Future & Automakers Are Switching

I’ve been trading financial markets for a quarter-century now. I thought I had seen it all… The dot-com boom-and-bust, the housing crash, the financial crisis, crypto mania and most recently, the coronavirus crash, which saw major indexes drop 35% in less than a month. I’ve had prime seats for each of these events, as either…

Don’t Buy Into Gold’s Rally Just Yet

The U.S. government and Federal Reserve are dumping trillions of dollars into the economy. It’s a crazy amount of safety-net money. And it may end up being too much. Too much money chasing on too few goods is a recipe for inflation. That means everything ends up costing more. That’s why gold is set to…

Don’t Count Gold Out — It’s Coming Back With a Vengeance

Don’t Count Gold Out — It’s Coming Back With a Vengeance

In the worst market crash in a decade, investors looking for gold’s help are left out in the cold. The yellow metal lost 12% from its high on March 6. But don’t worry — gold’s weakness is short term. That’s because its greatest strength is also its weakness during a mass panic. The current market…

Scared Money Is Selling Oil – How to Profit on Oil Price in February

Scared Money Is Selling Oil – How to Profit on Oil Price in February

Story Highlights Fear around the spread of the coronavirus is pushing oil prices lower. But there are signs that oil will rebound. John Ross shares how to grab double-digit gains on oil’s rally by March. On January 8, I predicted the price of crude oil would fall as much as 10%. But I was wrong….