Commodity

WTI futures up slightly today and lower on week. Yesterday IEA cuts oil demand growth forecast following Wednesdays bearish report from OPEC that trimmed its forecast for world oil demand,
Gold futures rally on bearish economic data. Traders are worried about global recession, escalation of trade war and geopolitical risks.
New orders for U.S.-made capital goods unexpectedly fell in January after three straight months of strong gains but did little to change views that manufacturing was recovering from a prolonged slump amid rising commodity prices.
Tuesday was a day of two halves for the pound: the currency was trading lower at the start of the session only to turn around violently during the afternoon session.
The initial wave of jitters and uncertainty created from Italian voters’ rejection of constitutional changes transformed into a free for all as the risk-on magnetized investors to riskier assets.
No rate increase expected as we await the Fed meeting. Time to pull the trigger on some puts in Caterpillar.
Unlike most other commodities, precious metals have less to do with supply and demand and more to do with macro-economics. In today’s markets, gold and silver are less industrial commodities and more financial instruments.

Relief rippled through UK markets on Thursday after the Bank of England indicated it was in no hu

China’s stock markets continued their decline overnight with the Shanghai SE Composite falling another 4.64% and down of 32% since June 12. Markets have begun seizing up as sellers overwhelm the system.
When the market bears are growling, contemplating a trip to a showcase of the companies currently in the grip of that punishment can seem daunting, but resource experts say now is exactly the time hard-core investors need to be out talking to management, hearing their stories and figuring out which companies will be on top when the good times come.