Commodity Prices

Gold •199 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	965.50	+17.10	+1.80%
WTI Crude •1 day	77.88	-0.80	-1.02%
Gasoline •1 day	2.112	-0.011	-0.52%
Ethanol •199 days	2.161	+0.000	+0.00%
Silver •199 days	30.82	+1.16	+3.92%

Silver • 199 days	30.82	+1.16	+3.92%
Copper • 199 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	80.79	-0.50	-0.62%
Natural Gas • 1 day	3.948	-0.310	-7.28%
Heating Oil • 1 day	2.621	+0.004	+0.15%

Headlines

583 days Will The ECB Continue To Hike Rates?
584 days Forbes: Aramco Remains Largest Company In The Middle East
585 days Caltech Scientists Succesfully Beam Back Solar Power From Space
985 days Could Crypto Overtake Traditional Investment?
990 days Americans Still Quitting Jobs At Record Pace
992 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
995 days Is The Dollar Too Strong?
995 days Big Tech Disappoints Investors on Earnings Calls
996 days Fear And Celebration On Twitter as Musk Takes The Reins
998 days China Is Quietly Trying To Distance Itself From Russia
998 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,002 days Crypto Investors Won Big In 2021
1,002 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,003 days Food Prices Are Skyrocketing As Putin’s War Persists
1,005 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,006 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,009 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,010 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,010 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,012 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Erik Swarts

Erik is an active trader, who has always taken a broad perspective when approaching the markets.

More Info

Contact Author

Trapped

By Erik Swarts - Oct 22, 2013, 6:37 PM CDT

Between the breakdowns in the US dollar and 10 year yields, precious metals have trapped the Johnny-come-lately and dogmatic bears and are surging higher this morning on the backs of their downtrodden miners.

From our perspective, capitulation in the sector is now in the rear view mirror - as the relative performance between the miners and their underlying spot prices has pivoted sharply higher.

Onwards and upwards.

GDX 2011-2013 versus BKX 2010-2011 Chart
Larger Image