Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
OPEC members wanted higher oil prices so they tried to control price; oops, crude is down 30% since OPEC intervened. Grain markets are under pressure along with the metals; obviously commodities have become worthless.Â Obviously the Fed, central banks around the world and OPEC have no clue.
Gold and silver appear to have found some support on Tuesday and are slightly higher. The trade in the metals has been ugly and has violated our support levels, but they are now at secondary support and a must-hold area if this recent run is going to hold