The last few weeks have been a wild ride, driven by a changeable macro background and extreme volatility within precious metals.

However the S&P 500 Consumer Staples sector has been rallying in the background ,the whole time.

In fact, it’s up +9.39% over 1 month and by + 11.30% over 3 months

Not a bad return from stocks which are…[Read more]

Tungsten maintains record rally

While gold and silver prices are melting down, one commodity extends its record-breaking rally on Monday. That’s Tungsten.

The industrial metal is a grayish-white element, labelled under ‘W’ in the periodic table. “Wolfram” is Tungsten’s former name.

Tungsten has many useful properties, such as highest mel…[Read more]

I talked about the spike in US Nat Gas prices last week, and I explained that artic weather across the North and mid-West US was a large contributing factor to that spike.

We can that relationship in operation today.

Last week temperatures in Chicago were -14C / -15C, today the forecasts are for a balmy -5.0C.
Nat Gas has traded lower…[Read more]

On Friday (30-01-26) morning I wrote:

“It will be interesting to see if the sell off continues this afternoon, and or into next week, or whether the structural issues in the market , and end user demand, support the silver price. For now as we can see in the chart below the path of least resistance remains to the downside.”

And though we had a…[Read more]

RELX extends cyclical bear trend into multi-year lows

The power of AI is now impacting many companies’ share prices.

One such stock is the multi-billion publishing and analytics company Relx (ticker: REL), a component of the prestigious FTSE 100.

If you look at its long-term share price, you’d think that AI has completely obliterated its ent…[Read more]

For now at least it looks like the commodity trade is taking a breather with gold and silver both sharply lower this morning that shakeout comes after spot Silver traded at new all time highs of $121.60 last night.

As Trading Economics puts it:

“Silver tumbled 17% toward $95 per ounce on Friday, retreating from all-time highs as investors…[Read more]

Unless I am very much mistaken thats a gain of $26.00 in Freeport Mcmoran FCX US since the 12/01/2026.

And to be honest looking at the gap and the bold green candle on todays chart I feel they could go higher yet.

Albemarle are down by 7.50% after comments from Treasury Secretary Bessent on the US dollar speaking to CNBC he said :

“The U.S. always has a strong-dollar policy and isn’t intervening in currency markets”

This follows on from comments by President Trump yesterday, that he wasn’t concerned about the weakness in the US currency .

Bessent’s…[Read more]

US Dollar slumps against major currencies

Financial markets are always full of surprises. Many old timers will attest to this.

“Thirty years ago,” wrote Buffett in 1994,” no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union…[Read more]

The talk around the markets this morning is about the US$ and specifically its weakness.

The Dollar index has fallen by -3.0% in just a few sessions part of a near -12.0% fall seen over the last year.

Dutch bank ING believe the US currency can weaken further and that in their words “it makes no sense to stand in the way ”

Of course…[Read more]

You may recall that back on January 14th I picked South Korea to be the market/index that would outperform the S&P 500 over the course of 2026.

Using EWW, the South Korea iShares MSCI ETF, as a yard stick we are off to a good start, in fact I believe the ETF is up by more than +30.0% since I wrote this piece

See…[Read more]

Just under a fortnight ago I wrote on silver. At that point the precious metal was testing above $90.0 per troy ounce, last nigh it spiked to a new high of $117.0 per ounce.

See here https://invesdaq.com/members/fatdaz/activity/430/

At the same time I mentioned Fresnillo FRES LN, as ideal way for UK retail clients to play the silver rally.…[Read more]

We have a big week ahead, with 33% of the S&P’s total market cap reporting and an FOMC meeting to boot. The table below from Wells Fargo shows the distribution of earnings within Major US indices in this cycle.

$62.98- that’s the price of Freeport McMorran FCX US, in the pre-market today they are up +4.30% ahead of the regular session. And thus well above the resistance flagged in my previous post.

You can see the High Low Open Close ( last ) data, over the last month in the stock in the table below.

What’s interesting, is that Copper CFDs, are…[Read more]

– JPMorgan retreats to uptrend support –

The fact that gold has zoomed past $5,000 without hesitation is telling.

Investors are extremely worried about recent geopolitical developments; and are scrambling to hedge their portfolios with hard assets. Gold, silver, platinum are premium assets that investors preferred to hold in the Age of…[Read more]

Ancient metal (Tin) roars back to life

Tin is one of oldest metals around. The element (symbol Sn) was used by humans as early as 5,000 years ago, and was found in ancient Egyptian tombs. These days, tin is used in various industrial products, from solders to coating to cans.

China and Indonesia are two largest producers of raw tin ores…[Read more]