{"id":10872,"date":"2014-09-12T21:01:46","date_gmt":"2014-09-13T01:01:46","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=10872"},"modified":"2014-09-12T21:01:46","modified_gmt":"2014-09-13T01:01:46","slug":"gold-crude-fall","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/12\/gold-crude-fall\/","title":{"rendered":"Gold &#038; crude fall"},"content":{"rendered":"<p>Gold broke support at $1240\/ounce to signal a primary down-trend. Declining 13-week Twiggs Momentum, below zero, strengthens the signal. Follow-through below $1200 would confirm. The sell-off is being driven by a rising Dollar.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" title=\"Spot Gold\" alt=\"Spot Gold\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-12-gold.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n<p>Crude oil is also falling, with Brent Crude testing its 18-month low. Nymex breach of $92\/barrel would also signal a primary down-trend.\n<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" title=\"Nymex and Brent Crude\" alt=\"Nymex and Brent Crude\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-12-crude.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n<p>From Nick Cunningham at <a href='http:\/\/oilprice.com\/Energy\/Oil-Prices\/No-Rebound-In-Sight-For-Sliding-Oil-Prices.html'>Oilprice.com<\/a>:<\/p>\n<blockquote><p>The glut of supplies and weak demand is causing problems for OPEC, according to the cartel&#8217;s monthly report. OPEC lowered its demand projection for 2015 by 200,000 and in August, Saudi Arabia cut production by 400,000 bpd in an effort to stem oversupply.<\/p><\/blockquote>\n<p>It is probably no coincidence, but lower oil prices will hurt the Russian economy. As Nick points out:<\/p>\n<blockquote><p>Russia needs between $110 and $117 per barrel to finance its spending, which means the Kremlin can&#8217;t be happy as it watches Brent prices continue to drop. Combined with an already weak economy, Russia could see its $19 billion surplus become a deficit by the end of the year. <\/p><\/blockquote>\n<p>Falling oil prices will benefit the global economy in the medium-term. Subduing Russia&#8217;s territorial ambitions will be an added bonus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold broke support at $1240\/ounce to signal a primary down-trend. Declining 13-week Twiggs Momentum, below zero, strengthens the signal. Follow-through below $1200 would confirm. The sell-off is being driven by a rising Dollar. Crude oil is also falling, with Brent Crude testing its 18-month low. Nymex breach of $92\/barrel would also signal a primary down-trend. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/12\/gold-crude-fall\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold &#038; crude fall&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44,9,26],"tags":[495,2529,2571,3006,3204],"class_list":["post-10872","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","category-gold-precious-metals","category-russia-former-ussr","tag-brent-crude","tag-nymex-wti-light-crude","tag-opec","tag-russia","tag-spot-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold &amp; crude fall - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold &amp; crude fall - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Gold broke support at $1240\/ounce to signal a primary down-trend. Declining 13-week Twiggs Momentum, below zero, strengthens the signal. Follow-through below $1200 would confirm. The sell-off is being driven by a rising Dollar. Crude oil is also falling, with Brent Crude testing its 18-month low. Nymex breach of $92\/barrel would also signal a primary down-trend. &hellip; Continue reading &quot;Gold &#038; crude fall&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/12\/gold-crude-fall\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-13T01:01:46+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2014\/2014-09-12-gold.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Gold &#038; crude fall\",\"datePublished\":\"2014-09-13T01:01:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/\"},\"wordCount\":187,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2014\\\/2014-09-12-gold.png\",\"keywords\":[\"Brent crude\",\"Nymex WTI Light Crude\",\"OPEC\",\"Russia\",\"Spot Gold\"],\"articleSection\":[\"Crude Oil &amp; Natural Gas\",\"Gold &amp; Precious Metals\",\"Russia &amp; Former USSR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/\",\"name\":\"Gold & crude fall - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2014\\\/2014-09-12-gold.png\",\"datePublished\":\"2014-09-13T01:01:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2014\\\/2014-09-12-gold.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2014\\\/2014-09-12-gold.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/09\\\/12\\\/gold-crude-fall\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold &#038; crude fall\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Predictions of\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-12-stoxx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-12-stoxx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-12-stoxx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":39423,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/08\/crude-oil-falls-2\/","url_meta":{"origin":10872,"position":1},"title":"Crude oil falls","author":"Colin Twiggs","date":"December 8, 2022","format":false,"excerpt":"Brent crude broke support at $80 per barrel, warning of a primary decline ahead. Nymex Light Crude similarly broke support at $75 per barrel, closing at $72. In October, the White House released a fact sheet indicating they would buy to replenish the strategic petroleum reserve (SPR) when prices fell\u2026","rel":"","context":"In &quot;Base Metals&quot;","block_context":{"text":"Base Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/base-metals\/"},"img":{"alt_text":"Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-12-08-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-12-08-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-12-08-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":53881,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/04\/oil-prices-plunge\/","url_meta":{"origin":10872,"position":2},"title":"Oil prices plunge","author":"Colin Twiggs","date":"June 4, 2024","format":false,"excerpt":"Nymex light crude broke support at $77 per barrel, closing at $74 after a weekend OPEC+ meeting that was interpreted as loosening previous production cuts. China's lackluster recovery has depressed global demand while strong US production boosted supply. But several OPEC+ members are under economic pressure because of weak prices\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Nymex Light Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-04-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-04-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-04-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":45764,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/28\/gold-rises-on-dollar-weakness-while-crude-falls\/","url_meta":{"origin":10872,"position":3},"title":"Gold rises on Dollar weakness while crude falls","author":"Colin Twiggs","date":"November 28, 2023","format":false,"excerpt":"Ten-year Treasury yields continue to test support at 4.40%. Breach would offer a target of 4.0%. Falling long-term yields would be bearish for the Dollar. Breach of 103 on the Dollar Index would offer a target of 100. The weak Dollar is obviously bullish for Gold which has now reached\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":6808,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/27\/gold-retreats\/","url_meta":{"origin":10872,"position":4},"title":"Gold retreats","author":"Colin Twiggs","date":"February 27, 2013","format":false,"excerpt":"Spot gold is consolidating after retreating below $1600\/ounce on the hourly chart. Breach of short-term support at $1590 would warn of a down-swing to test medium-term support at $1550 -- and primary support at $1500. On the monthly chart we can see that breach of $1500 would signal a primary\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14249,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/09\/30\/opec-deal-a-fake\/","url_meta":{"origin":10872,"position":5},"title":"OPEC deal a fake","author":"ColinTwiggs","date":"September 30, 2016","format":false,"excerpt":"OPEC announced an agreement to cut production \u2014 to between 32.5 million and 33 million barrels per day from current levels of 33.2 million barrels \u2014 without agreement as to which members will bear the brunt of the production cuts. FGE Chairman Fereidun Fesharaki calls this \"a fake deal\" and\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/10872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=10872"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/10872\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=10872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=10872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=10872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}