fundamentalanalytics

Soybean Oil Prices Resist Falling Soybean Prices January 26, 2021 Over the last ten days, US soybean prices have pulled back sharply as there is increasing concern that South American oversupply will pressure US prices. (Figure 1, black line). However, the soybean oil market has remained strong as the world industrial demand for the soybean …

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Mid-Week, Weekly Review of Gold, Silver, and Palladium December 16, 2020 Gold remains slightly below the previous support of $1850 and silver is holding in a $22.5 – $25 channel.  The Federal Reserve press release at 2PM and the following news conference at 2:30PM may provide sufficient impetus to move gold and silver in the coming …

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Mid-Week, Weekly Review of Gold, Silver, and Palladium December 2, 2020 Gold remains slightly below and silver above the support lines identified in last week’s report, which are $1850 and $23, respectively.  As is often the case, the gold support line may now act as resistance holding gold below $1850 for the near term unless there …

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Mid-Week, Weekly Review of Gold, Silver, and Palladium November 25, 2020 Both gold and silver are being pressured downward with gold breaking below support at $1850 and silver testing support around $23.  Some of the pressures are: the Presidential election is over and a winner chosen; the House and Senate both moving more center; multiple …

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Mid-Week, Weekly Review of Gold, Silver, and Palladium November 4, 2020 Prices for precious metals are volatile today as there is currently no clear winner after the US presidential election yesterday.   As estimates stand at the time of this writing, Biden will have between 270-306 electoral votes and will win the presidency. A scenario of …

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Mid-Week, Weekly Review of Gold, Silver, and Palladium September 30, 2020 The front month contracts for gold and silver are down from the close on September 22, 2020, 0.23% and 0.25%, respectively. The ratio of the 1-month Gold contract to the 1-month Silver contract (Figure 1) is essentially unchanged compared to last week. With the …

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Mid-Week, Weekly Review of Gold, Silver, and Palladium September 23, 2020 The front month contracts for gold and silver are down from the close on September 15, 2020, 2.95% and a whopping 10.62%, respectively. As we expected and mentioned in our commentary last week, both gold and silver had pronounced moves this week after reaching the …

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