16-Nov-2023 Gold Bulls are Back Fundamental Punchline - Recent weak US inflation data hurt chances of another US interest rate hike in December. In the US, consumer prices rose 3.2% y/y in October, slowing down from 3.7% in the previous reading, and below estimates of 3.3%. Technical Bias - After a healthy retracement from hitting 2000, the yellow metal now seems to have found support a ready to go on another bullish run, giving us a decent potential trade for a 1-4 risk to reward swing trade from here. #OPINIONLEADER# #GOLDTODAY#

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Crude Oil Analysis: Buy The Rumor, Sell the fact! Fundamental Punchline: In the short to medium term, we expect OPEC+ activities to be the key driver of crude oil prices as a broader escalation in the Israel-Palestine crisis seems to be secondary in the minds of investors at the moment. Some key points from the OPEC + meeting yesterday: - Brazil joins the group as it has a goal of substantially increasing its crude oil production to become the world’s fourth-largest producer by 2030. - Altogether, the total voluntary cuts for the first quarter is 2.184 million bpd to be announced independently by each member country - Oil prices dumped following the meeting as the market seems to have priced in the production cuts, hence, buy the rumor, sell the facts scenario in play. Technical Bias - Oil prices have been on a steady decline for the past few weeks after WTI peaked at around $95 per barrel in September. I expect a further decline into the close of 2023! Therefore, I'll be looking to short on rallies until we get a significant change in the current price action. #OPINIONLEADER# #WTICrudeOil#

NirvanaFinancials

Silver to the Moon! Fundamental Punchline - Just like Gold, silver is also considered a safe haven asset. It, therefore makes sense why silver has been on a massive rally in the past three weeks as the instability in the middle east rages on. The bias remains clearly bullish and so I am looking to go long. Technical Bias - I'll be looking for price action confirmation for buys around 23.000. #OPINIONLEADER##GOLDTODAY# #silversurge# #Silver#

NirvanaFinancials

Oil prices could hit $150 if Israel-Hamas conflict intensifies, World Bank warns https://www.ft.com/content/7fe... #OPINIONLEADER# #CrudeOil# #oilprice#

NirvanaFinancials