Hotline Blog

Commodities Recap For The Week Of January 24, 2020

Commodities Recap For The Week Of January 24, 2020

 Coronavirus causes risk-off action in markets
 Oil and natural gas plunge- Oil heads for the bottom of its trading range, while natural gas trades at the lowest price in January since 1999
 Gold edges higher, palladium continues its explosive price action
 Agricultural commodities decline

Commodities Recap For The Week Of January 17, 2020

Commodities Recap For The Week Of January 17, 2020

 Palladium zooms, platinum follows, but gold and silver are stable
 Energy commodities decline- Natural gas probes under $2 per MMBtu during the heart of the winter season
 Wheat continues to post gains, corn higher but beans lower since last week
 Stocks move higher on trade deals as the market ignores the impeachment trial in the US
 Bitcoin and cryptocurrencies rebound sharply- The dollar index edges higher

Commodities Recap For The Week Of January 10, 2020

Commodities Recap For The Week Of January 10, 2020

 Lots of volatility in crude oil and gold
 Natural gas under pressure, but a recovery to over the $2.20 on January 10- A new high for 2020!
 Grains strong after the release of the January WASDE report- Corn, beans, and wheat all closed Friday near the highs of the session
 Stocks manage gains despite the problems in the Middle East
 Bitcoin and digital currencies continue to recover

Rhodium Price Action Commentary on Kitco

Rhodium has appreciated from $575 per ounce in 2016 to a midpoint of $7,550 per ounce on January 8
Rhodium is a byproduct of platinum production in South Africa
The risk rises with the price
The all-time high was at over $10,000 per ounce
Comments on Kitco

Commodities Recap For The Week Of January 3, 2020

Commodities Recap For The Week Of January 3, 2020

 A new decade begins
 The spotlight will be on the Middle East and Iran after the January 2 US airstrike
 Oil rallies, natural gas moves lower
 Gold and precious metals rally in the new year
 Bitcoin recovers, stocks could face risk-off conditions at record levels

Commodities Recap For The Week Of December 27, 2019

Commodities Recap For The Week Of December 27, 2019

 Precious metals rally into the end of the year
 Copper sits above $2.80 per pound
 Strength in crude oil and oil products- Weakness in natural gas
 Agricultural commodities move mostly higher
 Today’s highs continue to be tomorrow’s lows in stocks- Bitcoin sits near the lows- Happy New Year!

Webinar Replay: Hughes PowerTrend Spread Strategy

Episode 4: Chuck Hughes

Chuck Hughes and Andy Hecht discuss trading philosophy
Chuck outlines his perspective when it comes to trading and investing
An introduction to Chuck’s three-pronged strategies and products

Commodities Recap For The Week Of December 13, 2019

Commodities Recap For The Week Of December 13, 2019

 “Phase One” trade deal is bullish for commodities
 The dollar index moves lower on the back of the UK election
 Most commodities rally over the past week
 Natural gas is an exception as the price falls
 Coffee puts in a bearish reversal after reaching $1.40 per pound on Friday

Commodities Recap For The Week Of December 6, 2019

Commodities Recap For The Week Of December 6, 2019

 OPEC cuts production- NYMEX futures move towards $60 while natural gas remains under pressure
 Gold and silver fall with silver underperforming the yellow metal, while PGMs remain strong
 Soybeans a touch higher, but losses in corn and wheat as the market awaits the December 10 WASDE report from the USDA
 Coffee and sugar rally
 Friday’s employment report sends stocks higher- Digital currencies remain under pressure

Commodities Recap For The Week Of November 29, 2019

Commodities Recap For The Week Of November 29, 2019

 Crude oil and natural gas prices tank
 Palladium rises to a new record high- Not much action in the other precious metals
 Agricultural commodities move mostly higher
 Bitcoin recovers
 New highs in the stock market, but some selling hits the market on Friday

Commodities Recap For The Week Of November 8, 2019

Commodities Recap For The Week Of November 8, 2019

 Trade dominates the market action- The US dollar index rallies
 Precious metals correct lower across the board
 Copper and crude oil rise
 Natural gas moves higher on cold weather and a lower-than-expected inventory injection
 Not much price action after the November WASDE report

Commodities Recap For The Week Of November 1, 2019

Commodities Recap For The Week Of November 1, 2019

 The Fed cuts rates- Precious metals post across the board gains
 Trade remains a critical issue- Copper edges lower
 Oil moves a touch lower, but natural gas posted a double-digit percentage gain as the withdrawal season approaches
 Grains do not move much- A mixed bag in other agricultural commodities
 The November WASDE report on November 8

Commodities Recap For The Week Of October 25, 2019

Commodities Recap For The Week Of October 25, 2019

 Precious metals move higher across the board led by platinum
 Copper moved higher and lumber climbs above $400 per 1,000 board feet
 Crude oil moved higher while natural gas falls
 Agricultural commodities turn in a mixed performance on the week
 The market awaits the October 30 Fed meeting

Commodities Recap For The Week Of October 11, 2019

Commodities Recap For The Week Of October 11, 2019

 Gold and silver move lower, but platinum and palladium grain
 Strength in oil, oil products, and ethanol, while natural gas falls
 Grains and meats post gains on optimism over trade
 Coffee, sugar, and FCOJ fall while cotton and cocoa gain
 The dollar index falls, and Bitcoin moves to the upside

Commodities Recap For The Week Of October 4, 2019

Commodities Recap For The Week Of October 4, 2019

 Precious metals prices stable, but platinum declines
 Weakness in energy prices- bullish reversal in natural has on October 3
 Grains move higher while meats were mixed
 The dollar index slips but remains near the high
 Marginal gains in digital currencies and volatility returns to the stock market over the past week

Commodities Recap For The Week Of September 27, 2019

Commodities Recap For The Week Of September 27, 2019

 Precious metals prices under pressure except for palladium which makes a new high during the week
 Weakness in energy prices as crude oil, oil products, and natural gas prices move lower
 Stability in grains while meats correct to the upside
 Sugar rebounds and coffee moves back above the $1 per pound level
 A strong dollar while Bitcoin tanks

The Hecht Commodity Report As Of The Close of Markets- September 25, 2019, For The Coming Week

The Hecht Commodity Report As Of The Close of Markets- September 25, 2019, For The Coming Week

• President Trump says a trade deal with China could be on the horizon
• The US Congress takes a step towards impeachment of the President
• Oil and energy commodities decline over the past week
• A volatile week in precious metals but prices do not change dramatically from last week
• Many issues face markets as we head towards the final quarter of the year beginning next week

Commodities Recap For The Week Of September 20, 2019

Commodities Recap For The Week Of September 20, 2019

 Gold and silver post gains on the week after the Fed cuts interest rates by 25 basis points
 Platinum corrects lower while palladium posts a new record high- Copper and iron ore prices move lower
 Oil and oil products move appreciably higher on the back of attacks on Saudi oil fields- Natural gas corrects to the $2.50 per MMBtu level
 Cocoa moves higher while coffee falls on the week
 Stocks are little changed on the week as the dollar index slips marginally

Commodities Recap For The Week Of September 13, 2019

Commodities Recap For The Week Of September 13, 2019

 Gold and silver correct with the volatile silver market underperforming the yellow metal
 Platinum stable while palladium rises to a new record high and copper recovers
 Oil and oil products move lower while natural gas breaks out on the upside and closes the week over the $2.60 per MMBtu level
 Strength in grains on the back of optimism over trade and a more positive tone to the latest WASDE report
 Stocks rally, the dollar edges lower with Bitcoin as the markets await next week’s Fed meeting in the aftermath of a dovish message from the ECB

Commodities Recap For The Week Of September 6, 2019

Commodities Recap For The Week Of September 6, 2019

 New highs in gold and silver and then a reversal
 Platinum moved higher and copper reversed to the upside
 Oil and oil products post gains as natural gas approached critical technical resistance at $2.53 per MMBtu
 Weakness in grain prices as the USDA will release its next WASDE report on September 12
 Stocks rally, the dollar moves lower, and Bitcoin makes a comeback

Commodities Recap For The Week Of August 30, 2019

Commodities Recap For The Week Of August 30, 2019

 Gold edged lower, but the other precious metals explode on the upside
 The dollar index rises to a new high and puts in a bullish reversal on the weekly chart
 Energy commodities post gains across the board
 Wheat falls, but corn and beans post marginal gains with soft commodities and meats mixed
 Stocks rally, Bitcoin and cryptocurrencies fall- Have a great holiday weekend!

Commodities Weekly Recap August 23, 2019

Commodities Weekly Recap August 23, 2019

 Chinese trade retaliation overshadows Chairman Powell’s speech on Friday
 Stocks drop on risk-off in markets over trade
 The dollar falls- Gold and silver rally
 Brent gains while WTI falls on the week
 Weakness in agricultural commodities continue

Commodities Weekly Recap August 16, 2019

Commodities Weekly Recap August 16, 2019

 Lots of volatility in markets- Trade is the leading issue, but there are plenty of other factors weighing on markets
 Gold and bonds make new highs as capital heads for safe-havens
 Natural gas and crude oil edge higher but remain under pressure
 The August WASDE report sends agricultural commodity prices lower
 Bitcoin and digital currencies post declines on the week

Commodities Weekly Recap August 9, 2019

Commodities Weekly Recap August 9, 2019

 The US designates China as a currency manipulator
 Precious metals post across the board gains
 Energy prices move to the downside across the board
 Grains rally in anticipation of the August 12 WASDE report from the USDA
 Lots of volatility in stocks- Bitcoin posts a double-digit gain on the week as the Chinese yuan trades at the 7 level against the US dollar

Commodities Weekly Recap August 2, 2019

Commodities Weekly Recap August 2, 2019

 The Fed disappoints with a 25-basis point cut
 An escalation in the trade dispute weighs on industrial commodities
 Gold puts in a bullish reversal pattern on the weekly chart
 New highs in the dollar index
 Copper falls to a new low for 2019- Weakness in energy and agricultural commodities

Commodities Weekly Recap July 26, 2019

Commodities Weekly Recap July 26, 2019

 Precious metals remain strong
 The dollar continues to gain along with the stock market during earnings season
 Crude oil edges higher as natural gas returns to the lows
 Weakness in agricultural commodities
 The markets are now waiting for news from the Fed on July 31

Commodities Weekly Recap July 19, 2019

Commodities Weekly Recap July 19, 2019

 Silver and gold prices rise
 The dollar moves higher
 Crude oil and all energy prices post significant declines on the week
 Grains are lower along with most agricultural commodities
 Stocks falter at new highs and digital currencies fall as the US Congress demands a halt to Facebook’s Libra token

Commodities Weekly Recap July 12, 2019

Commodities Weekly Recap July 12, 2019

 All signs point to a Fed rate cut later this month
 Precious metals remain strong
 Copper and industrial commodities move mostly higher
 Energy prices move higher across the board- Agricultural commodities mostly higher after the July WASDE report
 New highs in stocks and the dollar falls

Commodities Weekly Recap July 5, 2019

Commodities Weekly Recap July 5, 2019

 The dollar rallies as a rate cut may not be a no-brainer
 Gold and precious metals prices decline sans palladium
 Bitcoin and digital currencies fall
 Crude oil edges lower after the OPEC meeting while natural gas recovers
 Stocks post gains, but more than a few potholes stand in the way of higher highs

Commodities Weekly Recap June 28, 2019

Commodities Weekly Recap June 28, 2019

 Bitcoin blasts off to the upside
 Markets wait for news on the US-Chinese Trade meeting
 Bullish reversals in gold, corn, and coffee in Q2
 Crude oil waits for the OPEC meeting next week
 Stocks move higher on window dressing as the second quarter ends

Commodities Weekly Recap June 21, 2019

Commodities Weekly Recap June 21, 2019

 Multiyear highs in gold as the Fed signals rate cuts are coming
 Copper and industrial commodity prices move higher, but wait for news on trade between the US and China
 Crude oil rallies on Iranian hostilities- Natural gas falls below $2.20 per MMBtu
 Agricultural commodity prices were stable to lower on the week
 Stocks move higher, the dollar falls, and digital currencies continue to move to the upside

Commodities Weekly Recap June 14, 2019

Commodities Weekly Recap June 14, 2019

 New high in gold, but a pullback late Friday while palladium soars
 Little movement in copper compared to last week, but lumber soars on the prospects for lower interest rates
 Economic and politics pull crude oil in opposite directions- Natural gas remains below $2.40 per MMBtu
 Grains explode higher in the wake of the June WASDE report on weather and late planting- Coffee moves lower during the July-September roll
 Stocks stable on the week, the dollar rallies, and digital currencies post gains

Commodities Weekly Recap May 24, 2019

Commodities Weekly Recap May 24, 2019

Precious metals move mostly higher, but platinum lags
Trade pushes copper and base metals lower
Crude oil falls on trade but Iran lurks in the background
Grains post gains, but soybeans lag
New highs in the dollar, but intervention may be pushing the greenback lower as the dollar index falls after Thursday’s new marginal peak- Uncertainty in the UK as the Prime Minister steps aside

So, what are you waiting for?

Get Started using our research led strategies to tackle the market today!