Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>Platinum continues to look strong, as does copper. Platinum tends to deliver above average returns during December and February, according to recent seasonal stats.</li><li>Over the last 25 years, platinum has produced an average return of +7.79% from December 6 to February 20, with a win rate of 84% and an annualized return of +43.29%, according to <em>Seasonax</em>. (we can verify this trend)</li><li>Copper on the other hand remains more of a tariff play.</li></ul>

Platinum continues to look strong, as does copper. Platinum tends to deliver above average returns during December and February, according to recent seasonal stats.Over the last 25 years, platinum has produced an average return of +7.79% from December 6 to February 20, with a win rate of 84% and an annualized return of +43.29%, according to Seasonax. (we can verify this trend)Copper on the other hand remains more of a tariff play.

Platinum’s Year End Bull Run? // La Niña Update

<ul><li>Many commodities are currently in a range pattern after they were in a prolonged bull streak for months.</li><li>This is nothing unusual and happens all the time within healthy uptrends.</li><li>BUT there are also instances when prolonged bull markets tend to end - due to changing fundamentals…like for example cocoa.</li></ul>

Many commodities are currently in a range pattern after they were in a prolonged bull streak for months.This is nothing unusual and happens all the time within healthy uptrends.BUT there are also instances when prolonged bull markets tend to end - due to changing fundamentals…like for example cocoa.

Will the Coffee Trade become the new Cocoa?

Decoding the Future of MENA Financial Markets, MENA Market Lab

Denis Collot

Decoding the Future of MENA Financial Markets

MENA Market Lab

Decoding the future of Middle East and North Africa Financial markets

Cross Asset Strategy

<ul><li>Saudi’s Crown Prince successful visit in Washington.                             </li><li>Housing costs still driving inflation in GCC.</li><li>Construction an important part of Saudi activity. FX, watch out for the year-end turn.</li></ul>

Saudi’s Crown Prince successful visit in Washington.                             Housing costs still driving inflation in GCC.Construction an important part of Saudi activity. FX, watch out for the year-end turn.

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).</li>
<li>We have discussed weekly since 10/14/25 how our near-term bullish outlook remains intact as long as SPX holds above the 3-month uptrend, coinciding with the 50-day MA; this remains true.</li>
<li>Gold (GLD) and silver (SLV) held above $358-$361 and $41.70 supports and appear ready to resume their long-term uptrends. Recently discussed we were buyers in our October 29th report</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
We have discussed weekly since 10/14/25 how our near-term bullish outlook remains intact as long as SPX holds above the 3-month uptrend, coinciding with the 50-day MA; this remains true.
Gold (GLD) and silver (SLV) held above $358-$361 and $41.70 supports and appear ready to resume their long-term uptrends. Recently discussed we were buyers in our October 29th report


Upside Ahead for Gold and Silver; DXY Below $100.25; SPX Holding at 3+ Month Uptrend Support

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>In Depth: Arctic Shippers Navigate Choppy Commercial Waters Despite Geopolitical Push</li><li>China Creates Finance Ministry Debt Management Unit to Bolster Oversight</li><li>China’s New Gold VAT Rules Prompt Banks to Halt Physical Gold Redemptions</li></ul>

In Depth: Arctic Shippers Navigate Choppy Commercial Waters Despite Geopolitical PushChina Creates Finance Ministry Debt Management Unit to Bolster OversightChina’s New Gold VAT Rules Prompt Banks to Halt Physical Gold Redemptions

CX Daily: Arctic Shippers Navigate Choppy Commercial Waters Despite Geopolitical Push 

United States

Gold is a chemical element with the symbol Au (from Latin: aurum) and the atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

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Gold (GOLD COMDTY)

Platinum’s Year End Bull Run? // La Niña Update

Platinum continues to look strong, as does copper. Platinum tends to deliver above average returns during December and February, according to...

The Commodity Report

Will the Coffee Trade become the new Cocoa?

Many commodities are currently in a range pattern after they were in a prolonged bull streak for months. This is nothing unusual and happens all...

The Commodity Report

Middle East FX, November 21st 2025

Saudi’s Crown Prince successful visit in Washington. Housing costs still driving inflation in GCC. Construction an important part of Saudi activity.

MENA Market Lab

Upside Ahead for Gold and Silver; DXY Below $100.25; SPX Holding at 3+ Month Uptrend Support

More Upside Ahead for Gold $GLD and Silver $SLV Following Oct. 29 Buys; $DXY Below $100.25 a Risk-On Signal; Downgrading Services to Market Weight;...

Vermilion Research

CX Daily: Arctic Shippers Navigate Choppy Commercial Waters Despite Geopolitical Push

TOP STORIES In Depth: Arctic Shippers Navigate Choppy Commercial Waters Despite Geopolitical Push On Oct. 13, the ship Istanbul Bridge docked at...

Caixin Global

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