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The Gold Market Could See a Large Correction
The commodities markets continue to look mixed. The US Energy Information Administration showed, in a recent report, total domestic gas inventories rose in recent trading activity by 50 billion cubic feet to 2.833 trillion cubic feet. Traders and analysts had expected a 49 bcf build. Most traders viewed the build as slightly bearish, noting it […]
US Stock Market Action Remains Uncertain
Recent stock market action has continued to see equities trade within a very choppy sideways range. Such uncertainty did not offer any clues to the possible short term trend. In fact, uncertainty still dominates current market environment & this is not helping the bullish traders lift prices up. November is generally a bullish month & […]