I agree. If this is the beginning of the next metals bull market then there certainly could be a 100% gain ahead for gold. I think it takes awhile though, probably 3-5 years. If I'm not mistaken, gold's best days will be after the next recession.

Gold RIGHT NOW

Yep, I kind of get the sense we might have continuation. Trump made it clear this trade war will get ugly and everyone wanted to bail on risk positions. There's not enough liquidity for everyone to reposition in one day.

Gold RIGHT NOW

One of the more important events to unfold today was China specifically targeting US oil for a tariff. Whomever was long Brent and short WTI made out well today!

Sweet, sweet Oil

I'm sure nobody is surprised, but judging by the dow it looks like we're in store for a sizable gap higher on gold at the open: image

Gold RIGHT NOW

I did some research on the weekly EIA Nat Gas Storage Change today. I found out the EIA actually publishes the 5y historical average storage levels. I decided to plot 2019 weekly storage changes against the 5y averages and saw they're remarkably ...

Nat Gas anyone?

Truth be told, I don't understand this one either. Better than expect and crude dove? That's very strange. I guess the whisper number in the pit was for an even bigger draw.

Sweet, sweet Oil

Weird reaction today. It almost looked like one big market order fired off and then NG went right back down. Glad I didn't participate in this one!

Nat Gas anyone?

Right now I think gold might stay in this consolidation phase until Jackson Hole. Powell's speech on Friday could be a big one and we might see gold finally take a direction after that.

Gold RIGHT NOW

Thanks for sharing darko2010! You make some great points, but I think platinum may not be our best near-term bet for two reasons. As a semi-industrial metal, it will see loss of demand if we're going into a recession. As you said, it has ...

Platinum: get rich or die trying

I was specifically talking about weather models using machine learning. If so, they'll evolve over time and whatever edge that might exist will change. If the relationship isn't static it just adds a degree of difficulty, not saying I won't try it! ...

Natural gas trading

I'm pretty new to energy, but so far I've found nat gas to be by far the most interesting since it's kind of a play on weather. I'm working on putting together a strategy now. Have you looked at trading the QG contract? It's 1/4th the size of ...

Nat Gas anyone?

My pleasure C8H18, glad I could help! I haven't done any private tutoring, but I've taught some university students if that counts. I'm always happy to help out a fellow trader so if you have any more questions later feel free to ask. ...

Spot, Futures, ETFs?

Was that CL? Last trade on the Sept contract was today so I hope you were on Oct.

Sweet, sweet Oil

Pretty surprising. If API is any indication though, we might see a lower than expected EIA number tomorrow.

WTI Crude Oil Trading

No need to apologize! lol It sounds like you're talking about CFDs. They'll be based on front month, or some combination of front and next month futures. You're welcome, I had to learn about that one the hard way. I've been burned trading USO ...

Spot, Futures, ETFs?

Yep, I think that's very likely.

WTI Crude Oil Trading