Jul 16, 2015 00:51 am UTC| Commentary
Zinc hit the multi-year triangle support (1950/37), also the 76.4% retracement of 2013- 2014 up move where it formed a weekly long-legged Doji. Weekly and daily indicators are also near support suggesting 1950/37 is...
Aluminium: is confirming an inverted H&S
Jul 16, 2015 00:45 am UTC| Commentary
Aluminium has pulled back towards lower limit of multi-year downward pointing triangle 1650/1600. Monthly RSI is holding a horizontal support suggesting 1650/1600 is a relevant support zone. Multiyear trend at 1750/1785...
Jul 16, 2015 00:41 am UTC| Commentary
Copper pierced 15Y trend (5550 levels) but failed to sustain below. A bottom may well have been made at 5250, 2007 low and a projected target for the 5th wave (Elliott) of cycle that started in early May. Decisive...
Fed chair Yellen firm on the consumer and an impending first move
Jul 16, 2015 00:41 am UTC| Commentary
Chair Yellens semi-annual report to Congress provides an opportunity to glean further understanding of the outlook for policy; in particular, it provides an in-depth assessment of the FOMC Chairs core beliefs and what she...
Platinum: consolidation before next move
Jul 16, 2015 00:37 am UTC| Commentary
Platinum is on the verge of breaking below down sloping channel in force since 2011 (1070/89). The 14-month RSI is not breaking yet a horizontal support line. Last weekly close below 1070 suggests possibility of further...
Gold: holding above multi-month lows of 1146
Jul 15, 2015 23:51 pm UTC| Commentary
Undergoing a sideways correction, Gold is approaching towards previous lows of 1146/1130. Monthly RSI is testing a multi month channel limit suggesting proximity of significant support. Only a break below 1146/1130 will...
Silver: retracing from important resistance at 15.75
Jul 15, 2015 23:38 pm UTC| Commentary
Silver approached near last December lows of 14.50 which also represents the down sloping channel since early January and the steeper one in force since May. Currently, Silver is probing the steep channel upper limit...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects