Gold

  • A Technical Look At Gold

    A Technical Look At Gold

    A Technical Look At Gold After tapping a 3-wk high at 1330.90 Monday, Gold dropped to 1286 Tuesday, testing an ascending trend-line support that extended from lows touched on 30 January through the 1 April low. The precious Yellow metal held its 200-Day SMA and the psych support mark at 1300 on closing basis. On ...
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  • Precious Metals Finish In The Red, Energy Finishes In The Green

    Precious Metals Finish In The Red, Energy Finishes In The Green

    Precious Metals Finish In The Red, Energy Finishes In The Green   Jun Gold fell into the Red Thursday as the US Dollar Index (DXY) erased losses. The precious Yellow metal pulled back from the session high at 1303.20 set early  and fell as low as $1292.80, it finished - 0.7% at 1294.20 on the week. ...
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  • Schiff: Gold Price Will Soar On More Fed Easing

    Schiff: Gold Price Will Soar On More Fed Easing

    Schiff: Gold Price Will Soar On More Fed Easing The US Federal Reserve's easing program aka QE-Infinity, has pushed its balance sheet above $4-T and short-term interest rates to record lows aka Zero, will also push gold to $5,000 oz, says Peter Schiff, CEO of Euro Pacific Capital."Central banks are creating too much money. There's ...
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  • HEFFX Gold Report

    HEFFX Gold Report

    Gold had a very flat session yesterday after the recent sell off that it witnessed from the $1330 levels. Gold found very good support at the upward sloping trend line at $1296 and seems to be on firm ground after the recent slip. On the daily charts gold is currently trading above its 100 day ...
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  • Gold Rises, Finishes Above $1300, Silver, Crude Gain, Nat Gas Off

    Gold Rises, Finishes Above $1300, Silver, Crude Gain, Nat Gas Off

    Gold Rises,  Finishes Above $1300, Silver, Crude Gain, Nat Gas Off Jun Gold traded in the Green most of Wednesday's pit session. Prices advanced to 1307.10, faded to a session low at 1297.90 mid-morning. The precious Yellow metal finished with a 0.3% gainer at 1303.40 oz. May Silver rose to a session high at 19.81 ...
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  • Technical Update For Gold Traders

    Technical Update For Gold Traders

    Gold saw some massive selling in yesterday’s session and broke through the all-important support zone at $1310 and is seeing the pressure continuing in the Asian session today morning. The precious metal saw its biggest percentage wise drop in 2 weeks as it was unable to breach the resistance zone at $1330 and most traders ...
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  • Gold Extending US Loses In Asian Session

    Gold Extending US Loses In Asian Session

    Gold Extending US Loses In Asian Session Gold prices traded lower by 1.73% Vs the USD in the 24 hr period ending 23:00 GMT, at 1302.81 oz on profit-taking and a stronger USD. The prices of the precious Yellow metal, also came under pressure after the World Gold Council (WGC) indicated that as much as ...
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  • China's Gold Demand To Reach 1,350 Tonnes

    China’s Gold Demand To Reach 1,350 Tonnes

    China's Gold Demand To Reach 1,350 Tonnes Annual gold demand among Chinese consumers is expected to reach 1,350 tonnes by Y 2017 from the current 1,132 tonnes, according to a World Gold Council (WGC) report. Some Chinese customers purchased large amounts of Gold jewelry and bars when there was a sharp fall in the price ...
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  • Gold Finished At 1299.90, Silver, Crude Lower, Nat Gas Near Unchange

    Gold Finished At 1299.90, Silver, Crude Lower, Nat Gas Near Unchange

    Gold Finished At 1299.90, Silver, Crude Lower, Nat Gas Near Unchanged, Jun Gold set a session low of 1284.40 early, then moved  slightly higher to finish at 1299.90 oz, or 2.1% lower. May Silver also traded in the Red Tuesday, marking a session low at 19.22 early,  and finished with a 2.6% loss at 19.48 oz. ...
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  • Gold Technical Update

    Gold Technical Update

    Gold seems to have been unable to cross the resistance at $1330 and slid swiftly below its support of $1324 and is currently testing its trend line support at $1321 levels. We believe that if gold closes below the levels of $1321 on a daily closing basis we might see renewed selling pressure on the ...
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  • Gold, Silver, Crude Oil Finish Up, Nat Gas Finishes In The Red

    Gold, Silver, Crude Oil Finish Up, Nat Gas Finishes In The Red

    Gold, Silver, Crude Oil Finish Up, Nat Gas Finishes In The Red Precious metals traded higher today despite a stronger .DXY on  Russia-Ukraine tension, news at the weekend said the country's army exchanged gunfire with pro-Russian separatists in several cities. Jun Gold marked a session low at 1318.70 at the open and rose  to 1331.40 ...
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  • HEFFX Gold Report

    HEFFX Gold Report

    HEFFX Gold Report Gold on the hourly charts has been trading in a broad range over the last couple of trading sessions with $1314 on the downside and $1330 on the upside. It is currently trading on the upper end of the trading range and we might see some correction if Gold is not able ...
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  • Gold, Silver Crude Oil, Nat Gas Poster Gainers On The Week

    Gold, Silver Crude Oil, Nat Gas Poster Gainers On The Week

    Gold, Silver Crude Oil, Nat Gas Poster Gainers On The Week Precious metals fell Friday as .DXY traded higher. Jun Gold marked a session high at 1323.00 early morning, and finished 0.2% lower at 1318.60, booking a gainer of 1.2% on the week. May Silver marked a session high at 20.08 early and marked a ...
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  • The HEFFX Gold Report

    The HEFFX Gold Report

    The HEFFX Gold Report Gold, on the intraday time frame of 4 hours has been moving above its short term moving averages of 8 day and 20 day but has formed support at the $1300 levels. Gold has seen a continuation of the uptrend in the past weeks has been bought as a safe hedge ...
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  • Gold Trading Higher In Asian Session

    Gold Trading Higher In Asian Session

    Gold Trading Higher In Asian Session Gold prices traded higher by 0.54% Vs the USD in the 24 hr period ending 23:00GMT, at 1318.32, as  losses in US equity markets lured participants to the safe-haven appeal of the precious Yellow metal. The gains were capped after reports showed that Gold prices slipped back to a ...
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  • Gold, Silver, Nat Gas Higher, Crude Oil, USD Lower

    Gold, Silver, Nat Gas Higher, Crude Oil, USD Lower

    Gold, Silver, Nat Gas Higher, Crude Oil, USD Lower DJIA -250.36 at 16186.82, NAS -129.83 at 4054.07, S&P 500 -37.24 at 1834.94 Precious metals traded higher Thursday as .DXY faded into the Red. Jun Gold brushed a session high at 1324.90 early and move up during the day to finish at 1320.00 oz  with a 1.2% gainer. May Silver made a session high ...
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  • Gold, Crude Oil Trading Higher, US Dollar Extends Losses

    Gold, Crude Oil Trading Higher, US Dollar Extends Losses

    Gold, Crude Oil Trading Higher, US Dollar Extends Losses Gold resumed its rise for a 3rd session running  Thursday, as US Fed minutes for March meet signaled that policymakers were not intense in raising interest rates soon. The Fed  minutes did not include discussion about holding interest rates near its record low for a considerable ...
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  • Gold Continues To Look Strong

    Gold Continues To Look Strong

    Gold, on the 4 hourly charts has been trading above its 8 day and 20 day daily moving averages and has formed a strong support at $1300 levels. Gold has seen a continued uptrend in the last couple of weeks buoyed by safe haven buying for the precious metal and also because the Dollar has ...
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  • Gold, Silver Finish Lower Following Release OF FOMC Minutes

    Gold, Silver Finish Lower Following Release OF FOMC Minutes

    Gold, Silver Finish Lower Following Release OF FOMC Minutes Precious metals traded lower Wednesday on the release of FOMC Minutes. Jun Gold marked its low at1301.10, and finished - 0.3% loss at 1305.70 oz. May Silver fell to 19.60 early, then consolidated near the 19.75, and finished -1.5% at 19.77 oz. May Crude Oil extended ...
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  • Gold Trading Growing in Dubai

    Gold Trading Growing in Dubai

    Gold Trading Growing in Dubai HEFFX the leading Gold Broker in the Middle East takes a look at the booming Gold trade in Dubai. Gold futures volume on the Dubai Gold & Commodities Exchange (DGCX) grew 32% in March from the same month last year to record its highest monthly volume in 12 months. The ...
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  • Technical Analysis: Gold

    Technical Analysis: Gold

    Technical Analysis: Gold Gold's price extended the Northside move and traded above the 38.2% Fibo correction of the Bullish wave that started from the bottom at 1182.00 reaching the top at 1388.00. Stabilizing at 1309.35 tell us to expect more Bullishness in here. The precious Yellow metal has to break 1323.20 marked in the extended ...
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  • Gold's Price Up On Growing Tensions In The Ukraine

    Gold’s Price Up On Growing Tensions In The Ukraine

    Gold's Price Up On Growing Tensions In The Ukraine The Key Comex Gold contract climbed to as high as 1314.4, a mark not seen since 26 March in European session as escalated tensions in Ukraine raised safe-haven demand. Concerning the outlook for the precious Yellow metal, I believe the price rally in the 1st 2.5 ...
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  • Peter Schiff: Inflation's Rise Will Drive Up The Price Of Gold

    Peter Schiff: Inflation’s Rise Will Drive Up The Price Of Gold

    Peter Schiff: Inflation's Rise Will Drive Up The Price Of Gold Gold may have hit a 6-wk low last week, but Peter Schiff, CEO of Euro Pacific Capital, believes it will rebound with a vengeance as inflation begins to appear in the governments numbers "Central banks around the world, particularly the US, are going to ...
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  • Gold, Silver, Crude Oil, Nat Gas Higher,.DXY Finishes On Session Low

    Gold, Silver, Crude Oil, Nat Gas Higher,.DXY Finishes On Session Low

    Gold, Silver, Crude Oil, Nat Gas Higher,.DXY Finishes On Session Low Commodities finished Tuesday higher, while the DXY sae weakness, closing near its session low, Despite the DXY's weakness, , Silver finished off its high on the day May Silver ended the day 0.16 higher at 20.07 oz. June Gold rose 6.10/oz to 1304.30oz May Crude ...
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  • HEFFX Gold Report

    HEFFX Gold Report

    The gold ended lower in Monday’s trading after a healthy gain on Friday. The loss in gold was not particularly because of any fundamental news. Technical trading was the reason behind the downward bias in the Gold on Monday. The commodity is currently trading below its 50 DMA which stands at 1311.67 levels and above ...
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  • Technical Commentary: Gold And Silver

    Technical Commentary: Gold And Silver

    Technical Commentary:  Gold And Silver GOLD Gold closed lower Monday. The low-range close sets the stage for a steady to lower opening when Tuesday US session begins trading. Stochastics and the RSI are turning Neutral to Bullish hint that a low might be in or is near. Closes above the 20-Day MA crossing will confirm ...
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  • Crude Oil Finished -0.7%, Nat Gas Gaines, Gold -0.4%, Silver In The Red

    Crude Oil Finished -0.7%, Nat Gas Gaines, Gold -0.4%, Silver In The Red

    Crude Oil Finished -0.7%, Nat Gas Gaines, Gold -0.4% June Gold traded off  Monday despite weakness in DXY. Gold marked a low at 1295.80, and finished at 1298.20 oz, -0.4%. May Silver spent most of the pit session in the Red, marking it low at 19.77 early, it rose to a high of at 20.0, ...
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  • HEFFX Gold Report

    HEFFX Gold Report

    Gold made biggest single gain in almost 3 weeks and closed at 1303.18 from an open of 1286.48 a climb of 1.3%. The commodity is currently trading a little shy of its 50 DMA. Traders can expect the commodity to trade at the same levels, with first resistance coming around its 50 DMA which is ...
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  • Outlook: Gold And Nat Gas

    Outlook: Gold And Nat Gas

    Outlook: Gold And Nat Gas BHI Gold's rebound last Friday does not augur a more Bullish outlook . The precious Yellow metal is likely to move between 1200 and 1400 throughout the year, barring any untoward geopolitical events, but their continue to be unrest in the Ukraine. The rise in risk appetite as global economic ...
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  • Gold Rallied Friday, Now Faces Key Resistance

    Gold Rallied Friday, Now Faces Key Resistance

    Gold Rallied Friday, Now Faces Key Resistance Gold's price has risen sharply in the aftermath of the latest US jobs report: NFPs increased by 192,000 in March while the unemployment rate remained steady at 6.7%. Both of these measures missed expectations, causing the USD to fall a bit. Gold's rebound is partially driven by expectations that ...
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  • Gold, Silver Post Gainers On the Week , Energy Finished In The Red

    Gold, Silver Post Gainers On the Week , Energy Finished In The Red

     Gold, Silver Post Gainers On the Week , Energy Finished In The Red Precious metals rose Friday after US payroll data showed March NFPs (Nonfarm Payrolls) adding 192-K jobs Vs consensus of 195K. June Gold  marked a low at 1286.80,  recovered above Key resistance 1300 to 1307.50 and finished with a 1.5% gainer at 1303.40 ...
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  • HEFFX Gold Report

    HEFFX Gold Report

    Gold has been trading above its 100 day moving average which is currently at $1273 but is below its 50 day moving average at $1307 Gold has broken below its important trend line support at $1300 and we believe that it would face stiff resistance at that level going forward. Only breaking this trend line ...
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  • Precious Metals Finish Lower, Energy Finishes Higher

    Precious Metals Finish Lower, Energy Finishes Higher

    Precious Metals Finish Lower, Energy Finishes Higher Gold and Silver traded lower Thursday as a stronger .DXY weighed on prices. June Gold brushed a session low of 1281.90 early, and finished with a 0.5% loss at 1284.60 oz. May Silver marked its session low at 19.66 at the open, consolidated near the 19.85, and finished ...
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  • Gold – HEFFX Technical Analysis

    Gold – HEFFX Technical Analysis

    Gold has broken out from the trendline resistance and is sustaining above the $1290 strong support for the yellow metal. The next target for gold on the upside can be the $1298 to $1300 levels.  Gold moved higher from it’s recent down move and took strong support at the $1280 levels. The momentum indicators for ...
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  • Gold Extends Gains In Asia Trading Thursday

    Gold Extends Gains In Asia Trading Thursday

    Gold Extends Gains In Asia Trading Thursday Gold prices traded higher by 0.75% Vs the USD in the 24 hr period ending 23:00 GMT, at 1290.98 oz as traders took advantage of the decline in the precious Yellow metal and increased their exposure to it on speculation that physical demand will strengthen. In the Asian ...
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  • Crude Oil Closes - 0.1%,  Nat Gas, Gold And Silver Up

    Crude Oil Closes – 0.1%, Nat Gas, Gold And Silver Up

     Crude Oil Closes - 0.1%,  Nat Gas, Gold And Silver Up Precious metals traded higher Wednesday despite a stronger .DXY. The EIA reported that for the week ending 28 March, Crude Oil inventories had a draw of 2.4-M bbls, consensus called for a build of 1.1-2.5-M bbls. June Gold touched a session low of 1288.10, as ...
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  • Gold Will Bottom This Year, Rebound, Run Toward Record Highs

    Gold Will Bottom This Year, Rebound, Run Toward Record Highs

    Gold Will Bottom This Year, Rebound, Run Toward Record Highs Gold prices will bottom in Y 2014 before returning to a record within 5 yrs as weaker equities drive demand for a safe-haven and physical buying from Asia grows. Gold could fall to the support at about 1,160 this year should the USD rise as ...
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  • Gold Up A Bit On Bargain Hunting In Asia

    Gold Up A Bit On Bargain Hunting In Asia

    Gold Up A Bit On Bargain Hunting In Asia The price of Gold  fluctuated during Tuesday's session, but failed to push the precious Yellow metal to stabilize above the 50% Fibo correction at 1287.30 showing on the chart below. Stability below that mark is negative and favors testing a 61.8% correction. Linear Regression Indicators are ...
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  • Energy And Precious Metals Fall Tuesday

    Energy And Precious Metals Fall Tuesday

    Energy And Precious Metals Fall Tuesday Nat Gas - 2.3%, WTI Crude Oil - 1.9% June Gold finished in the Red despite a  weaker US Dollar Index (DXY). The precious Yellow metal pulled back from its session high at 1287.00, and finished 0.3% lower at 1279.90 oz. May Silver traded around unchanged for most of ...
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  • HEFFX Gold Report

    HEFFX Gold Report

    HEFFX Gold Report 100 day moving average 1273 50 day moving average 1307 Gold is currently trading below its 50 day moving average but is above its 100 day moving average which has created a trading band for the yellow metal between $1310 on the upside and $1270 on the downside. It has broken below ...
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  • A Technical Look At Gold

    A Technical Look At Gold

    A Technical Look At Gold Gold closed lower Monday as it extended March's decline. The low range close sets the stage for a steady to lower opening when Tuesday's US session begins trading. Stochastics and RSI are oversold, but remain Neutral to Bearish signalling that sideways to lower prices are possible in the near term. ...
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  • Technical Analysis: Gold And Silver

    Technical Analysis: Gold And Silver

    Technical Analysis: Gold And Silver Gold The precious Yellow metal reached 50% correction at 1285.14 last week where the Southside move stopped. The  level is close to 61.8% correction of CD Leg of the Bullish harmonic AB=CD Pattern around 1292.00. There are not enough positive technical signals now to bet on an Northside move, but ...
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  • Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) Leveraging The African Connection

    Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) Leveraging The African Connection

    Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) is literally finding gold in the African continent. The company has been able to ride the current slump in the gold market on account of its assets in this continent. Shayne Heffernan said at this mornings HEFFX briefing that Gold may well see further downside, that sell off will make ...
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  • XAU/USD Technical Analysis

    XAU/USD Technical Analysis

    Gold seems to be forming a bullish reversal pattern as per the daily chart. It took support near the 50% retracement level and has formed two bullish candles around the support area. Fresh longs could be attempted with a strict stop loss of 1283. The next major support stands at 1272 which would be a ...
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  • Gold Is Vulnerable In The Near Term

    Gold Is Vulnerable In The Near Term

      Gold Is Vulnerable In The Near Term Gold weakened and reversed its prior week gainer the last week. So, more Southside is likely in the days ahead. Support came in at the 1,320.39 mark, it was taken out showing to the psych mark at 1,300.00. Gold broke there and is at 1294 ish aiming ...
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  • Gold And Silver Finish The Week On Low Notes , Energy Rose

    Gold And Silver Finish The Week On Low Notes , Energy Rose

    Gold And Silver Finish The Week On Low Notes , Energy Rose Apr Gold spent Friday pit trade in the Red, dipping to a session low of 1285.90 at the open posting a session high at 1296.50, and retreated back to Red finishing 0.1% lower at 1293.90 oz, for a 3.1% loss on the week. ...
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  • HEFFX Technical Update For Gold

    HEFFX Technical Update For Gold

    HEFFX Technical Update For Gold The overall weekly trend of Gold seems to be down. Gold had made a double bottom on the weekly chart, the neckline of which has been marked in the chart below. However, it was not able to break above the neckline, indicating weakness. Long positions should be considered only after ...
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  • Gold Set For A 2nd Weekly Slide, Sell Below 1300

    Gold Set For A 2nd Weekly Slide, Sell Below 1300

    Gold Set For A 2nd Weekly Slide, Sell Below 1300 Friday in Asia the precious Yellow metal is trading  in medium marks between 38.2% and 50% correction of the Bullish wave that started from bottom 1182.46 reaching the top 1387.82 showing on chart below. The trading marks are below the ascending trend line that was ...
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  • Gold, Silver Trade Lower, Nat Gas, Crude Oil Trade Higher

    Gold, Silver Trade Lower, Nat Gas, Crude Oil Trade Higher

    Gold, Silver Trade Lower, Nat Gas, Crude Oil Trade Higher Precious metals traded lower Thursday on pressure from upbeat economic data and no fundamental news. US Q-4 GDP was revised up to 2.6% from 2.4% and weekly initial claims fell to 311,000 to 320,000. Apr Gold fell below the Key 1300 mark and marked a session ...
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  • The Gold Report: Technicals and Outlook

    The Gold Report: Technicals and Outlook

    The Gold Report: Technicals and Outlook On analyzing the daily chart, the overall trend for short term seems to be down. But the overall long term trend seems to be still up as long as it trades above 1265.18. This is the 61.8% retracement level of the move from 1182 to 1390. Only a daily ...
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  • Gold Is Vulnerable In Here

    Gold Is Vulnerable In Here

      Gold Is Vulnerable In Here With Gold weakening and reversing its previous week gainer the this week, more Southside is likely in the in here. Support comes in at the 1,302.39 mark. If taken out will show the way to 1,300.00 psych mark. Below there then to 1,280.00, where Bulls may come in and ...
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  • 2014 Platts Global Metals Awards

    2014 Platts Global Metals Awards

    2014 Platts Global Metals Awards Executives and companies from 19 countries have been selected as finalists for the second annual Platts Global Metals Awards, which recognize exemplary performance in a dozen categories, according to program host Platts, a leading global provider of energy, petrochemical and metals information. Platts Global Metals Awards highlight corporate and individual ...
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  • Gold Fell But Held Above 1300 oz, Silver Fell To 19.77 oz

    Gold Fell But Held Above 1300 oz, Silver Fell To 19.77 oz

    Gold Fell But Held Above 1300 oz, Silver Fell To 19.77 oz Commodities ended mostly lower today. Metals all posted losses, excluding Iron Ore futures, which rose 6 cents to 111.61 ton Copper futures pulled back from a 2-wk high as concerns in China remain. May copper closed 4 cents lower at 2.97 lb Gold ...
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  • What Charts Say About Gold XAU/USD?

    What Charts Say About Gold XAU/USD?

    On analyzing the four hour charts of XAU/USD, the overall trend seems to be down. Gold had broken down from an uptrend channel few days ago and has been on a downtrend since then. It has been making lower lows and lower highs since the past few days. However, a reversal looks possible because there ...
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  • Asia: Gold Looks Weak, Crude Oil Looks Bullish.

    Asia: Gold Looks Weak, Crude Oil Looks Bullish.

    Asia: Gold Looks Weak, Crude Oil Looks Bullish. Gold likely to weak Vs Silver, the Crude Oil market looks bullish. Gold at 1312.00 looks like it is retracing the recent rally from 1182 to 1388.5. Trade sees Key resistance on the weekly which if holds may see 1300-1295 marks near term. Gold/Silver Ratio at 65.68 ...
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  • Nat Gas Books 3% Gainer, Crude Oil -.04%, Gold and Silver Off

    Nat Gas Books 3% Gainer, Crude Oil -.04%, Gold and Silver Off

    Nat Gas Books 3% Gainer, Crude Oil -.04%, Gold and Silver Off Apr Gold rose to a session high at 1316.60 after marking a session low at 1306.20 early, the precious Yellow metal pulled back to unchanged,and finished 20 cents lower at 1311.20 oz. May Silver traded between Red and Green Tuesday, touching a session ...
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  • Iraq Added $1.56-B In Gold To Reserves In March

    Iraq Added $1.56-B In Gold To Reserves In March

    Iraq Added $1.56-B In Gold To Reserves In March Iraq bought 36 metric tons of Gold this month valued at about $1.56-B in the largest purchase by a nation in 3 yrs. The Central Bank of Iraq acquired the precious Yellow metal to help stabilize the Iraqi Dinar against foreign currencies, it said in a ...
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  • Gold Could Reach $7,000-9,000 oz In 5 Yrs

    Gold Could Reach $7,000-9,000 oz In 5 Yrs

    Gold Could Reach $7,000-9,000 oz In 5 Yrs Gold fell to a 1-month low Monday, but that move is insignificant if the forecast of James Rickards, portfolio manager at West Shore Funds, is right He sees the precious Yellow metal rising to $7,000-9,000 oz in the next 3 - 5 years. Jun Gold futures settled ...
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  • Overall Trend In Gold Is Up

    Overall Trend In Gold Is Up

    Overall Trend In Gold Is Up Even though the short term daily trend of gold seems to be negative, the overall trend is still up. Gold seems to be forming a cup and handle pattern in the daily chart which is a strong bullish pattern. But only a breakout above $1361.31 will confirm this. The ...
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  • Gold Falls 1.8%, Crude Oil Finishes Below 100 bbl

    Gold Falls 1.8%, Crude Oil Finishes Below 100 bbl

    Gold Falls 1.8%, Crude Oil Finishes Below 100 bbl  Precious metals spent Monday's pit trade in the Red. Apr Gold pulled back from its session high at 1324.50 set in early, and made a session low of at 1308.50. The precious Yellow metal finished off 1.8% at 1311.40 oz. May Silver dipped to a session ...
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  • Gold Is Vulnerable In The Near Term

    Gold Is Vulnerable In The Near Term

    Gold Is Vulnerable In The Near Term With Gold weakening and reversing its previous week gainer last week, further Southside action is likely in the days ahead. Support comes in at the 1,320.39 mark. This if taken out see a run at the 1,300.00 mark. a break there aims at the 1,280.00 mark where Bulls ...
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  • South Korea Opens Gold Trading Market Next Week

    South Korea Opens Gold Trading Market Next Week

    South Korea Opens Gold Trading Market Next Week South Korea's financial regulator said Sunday that market to trade Gold on Spot will be opened next Monday to disclose Gold transactions, which were blamed for tax evasion and illegal trading. The South Korean government unveiled a plan last July to let Gold be traded in an ...
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  • Gold Finishes The Week Off 3.1%, Silver Off 5.1%

    Gold Finishes The Week Off 3.1%, Silver Off 5.1%

    Gold Finishes The Week Off 3.1%, Silver Off 5.1% Apr Gold rose for the 1st in 5 sessions, gaining support from a weaker DXY. The precious Yellow metal notched  a session high  1340.50 early, and pulled back slightly. Finishing +0.4%  at 1335.80 oz, for a 3.1% loss on the week. May Silver slipped into the Red ...
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  • Gold Is Trading Higher In Asia

    Gold Is Trading Higher In Asia

    Gold Is Trading Higher In Asia Gold prices traded higher by 0.22% against the USD in the 24 hr period ending 23:00 GMT, at 1331.15 oz rebounding from its initial losses, due to a stronger US Dollar. In the Asian session, at GMT0400, Gold is trading at 1333.22, 0.16% higher from Thursday’s close, on speculation ...
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  • Precious Metals Extend Wednesday's Fall, Crude Oil, Nat Gas Decline

    Precious Metals Extend Wednesday’s Fall, Crude Oil, Nat Gas Decline

    Precious Metals Extend Wednesday's Fall, Crude Oil, Nat Gas Decline Precious metals came under pressure today as DXY traded higher in response to Wednesday's mentions of sooner-than-expected rate increases from  Fed Chair Yellen. She said interested rates could rise in "probably 6 months" following completion of the stimulus program, that means April 2015, don't see ...
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  • HEFFX Gold, Oil, Forex Alerts

    HEFFX Gold, Oil, Forex Alerts

    HEFFX Gold, Oil, Forex Alerts Crude Oil (NYMEX) (May 14) Intraday: continuation of the rebound. Pivot: 98.3 Our preference: Long positions above 98.3 with targets @ 100.3 & 101 in extension. Alternative scenario: Below 98.3 look for further downside with 97.15 & 96.15 as targets. Comment: even though a continuation of the consolidation cannot be ...
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  • Gold Price Hit by The Fed

    Gold Price Hit by The Fed

    Gold Price Hit by The Fed Gold spot Intraday: under pressure. HEFFX say Buy the Dips, The Fed have started to outline their QE Exit and Gold will come under pressure, but long term the fundamentals of Gold remain strong.   Emerging markets are leading the physical demand market, a trend that will continue to ...
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  • Morning Brief: Gold, Silver, Copper And Crude Oil

    Morning Brief: Gold, Silver, Copper And Crude Oil

    Morning Brief: Gold, Silver, Copper And Crude Oil Gold at 1330.85 fell after the FED cut QE again,  and officials predicted a rise in interest rates in Spring of Y 2015, thus curbing demand for the precious Yellow metal. Gold testing Key support near 1325, it may bounce back up to 1350 and above, a ...
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  • Gold And Silver Weak On The Day, Copper Rallied

    Gold And Silver Weak On The Day, Copper Rallied

    Gold And Silver Weak On The Day, Copper Rallied Crude oil, Copper and Nat Gas futures all closed just under Wednesday's highs Copper futures rallied 4.2% off its session low to 3.oo. It finished floor trade 2.99 lb, up 0.04. Watch this given the move and that Copper is back around the 3.oo mark Crude ...
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  • Gold And Sliver Ease, US, EU Sanction On Russia 'Toothless'

    Gold And Sliver Ease, US, EU Sanction On Russia ‘Toothless’

    Gold And Sliver Ease, US, EU Sanction On Russia 'Toothless' Both Gold and Silver  are down for a 2nd day running, as demand for safe-haven assets continues to fall on relief the West's sanctions on Russia have not included economic measures. Tuesday's remarks by Russian President Vladimir Putin soothed investor concerns, causing equities to rise ...
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  • Peter Schiff, Gold 'Just Getting Started,' Can Hit $1,500 Oz

    Peter Schiff, Gold ‘Just Getting Started,’ Can Hit $1,500 Oz

    Peter Schiff, Gold 'Just Getting Started,' Can Hit $1,500 Oz Gold has risen 14% YTD, setting a  6-month high Monday, and Peter Schiff, CEO of Euro Pacific Capital, believes  this rally has legs. "It's just getting started," he said Tuesday. The next Keyresistance is 1,420,  and if it breaks there, possibly 1,500, Mr. Schiff predicted. ...
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  • Metals and Energy: Crude +1.7%, Gold - 1%, Silver - 2%, Nat Gas Flat

    Metals and Energy: Crude +1.7%, Gold – 1%, Silver – 2%, Nat Gas Flat

    Metals and Energy: Crude +1.7%, Gold - 1%, Silver - 2%, Nat Gas Flat The precious metals traded lower Tuesday following comments from Vladimir Putin, who said Russia does not want to see a break-up of Ukraine and that it wants a partnership with the West. Plus, participants are focused on Wednesday's  FOMC decision,  and ...
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  • Gold Trades Lower In Asian Session

    Gold Trades Lower In Asian Session

    Gold Trades Lower In Asian Session Gold prices traded lower by 1.47% Vs the USD in the 24 hr period ending 23:00GMT, at 1366.37, as strong industrial production data from the US weighed on the demand-outlook of safe-haven assets. In the Asian session, at GMT0400, Gold is trading at 1360.20, 0.45% lower from Mondday’s close. ...
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  • Schiff: Gold's Action Has Nothing To Do With Russia-Ukraine-Crimea

    Schiff: Gold’s Action Has Nothing To Do With Russia-Ukraine-Crimea

    Schiff: Gold's Action Has Nothing To Do With Russia-Ukraine-Crimea The Big Q: Is this rise in Gold is just a short term move due to geopolitical instability, or another leg up for the precious Yellow metal? Gold Bull Peter Schiff “I think it’s just getting started, everybody was Bearish on Gold at the end of ...
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  • Gold Is Biased To The Northside, Eyes Psych Mark At 1,400 oz

    Gold Is Biased To The Northside, Eyes Psych Mark At 1,400 oz

      Gold Is Biased To The Northside, Eyes Psych Mark At 1,400 ozThe precious Yellow metal may be biased to Northside but ithas to break and hold above the 1,361 mark to prevent a move to the Southside. If Gold makes and holds that mark it could pus higher towards the psych mark at 1,400.00. ...
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  • Royal Bank of Canada: Gold May See Huge Rally

    Royal Bank of Canada: Gold May See Huge Rally

    Royal Bank of Canada: Gold May See Huge Rally Gold: We see Similarities with the 2005 to 2008 rally Chinese demand could replicate the 2005-08 ETF driven gold rally Elements now in place for a sustained gold rally We see similarities between the 2005 to 2008 gold price rally and the current gold price environment, ...
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  • Gold: Crimea's Potential Impact On Prices

    Gold: Crimea’s Potential Impact On Prices

    Gold: Crimea's Potential Impact On Prices Sunday, 16 March, the Crimea's voters will decide to secede from the Ukraine and reunify with Russia or not. This event has helped Gold prices rise about $200, there more room for Gold to move North after a pause to refresh. The outcome of the Crimean vote is pretty ...
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  • Gold Rally to Extend

    Gold Rally to Extend

    Gold Rally to Extend Copper was on the day at $6,414 a tonne, but was still on track for a weekly loss on expectations of slower demand growth in China. Gold, a safe-haven favorite, was nearly flat on the day at $1,369.06 an ounce after earlier hitting a fresh six-month high, and was poised for ...
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  • Gold At 6 Month Highs, Look For A Pullback In Here

    Gold At 6 Month Highs, Look For A Pullback In Here

    Gold At 6 Month Highs, Look For A Pullback In Here After a 194$ Bull Run and currently trading at 6-month highs the temptation is to keep on buying, but must be prudent and patient This run still has legs, and going into this weekend the bias is for a minor retracement before continuation. The ...
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  • Afternoon Update, Energy And Metals

    Afternoon Update, Energy And Metals

    Afternoon Update, Energy And Metals Apr Gold and May Silver fell to their session lows at 1364.90 and 21.10 in early morning pit trade on better-than-anticipated US retail sales and initial jobs claims data. Retail sales increased 0.3% in Feb after declining a downwardly revised 0.6% from -0.4%) in January. The consensus expected retail sales ...
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  • Gold Price Heads to $1400

    Gold Price Heads to $1400

    Gold Price Heads to $1400 Gold spot Intraday: further advance. Pivot: 1355 Our preference: Long positions above 1355 with targets @ 1380 & 1390 in extension. Alternative scenario: Below 1355 look for further downside with 1345 & 1330 as targets. Comment: the RSI is around its neutrality area at 50% The price is trading within ...
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  • Bullish Gold, Gold Broke, Holds Above Key Resistance

    Bullish Gold, Gold Broke, Holds Above Key Resistance

    Bullish Gold, Gold Broke, Holds Above Key Resistance Gold is extending its Bullish offensive by breaking and holding above the 1,354.63 mark, more Bullishness is likely towards the 1,400.00 mark, its psycho resistance mark. A break there triggers more Northside pressure towards 1,450.00, its next psycho mark and possibly higher towards the 1,480.00 mark next. ...
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  • Precious Metals Trade Higher, Copper Finishes Under $3 Lb

    Precious Metals Trade Higher, Copper Finishes Under $3 Lb

    Precious Metals Trade Higher, Copper Finishes Under $3 Lb Gold and Silver  traded higher Wednesday as a weaker DXY helped prices. Apr Gold rose for a 3rd session running, rising to 1371.30 in late afternoon trade, and finishing at 1370.60 oz, notching a gainer of 1.8%. May Silver came off its session low at 20.95 ...
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  • Technical Update For Gold

    Technical Update For Gold

    The weekly trend in Gold is neutral with a positive bias. It seems to be forming a double bottom on the weekly chart. A breakout from the double bottom will be a bullish sign for Gold. Weekly resistance exists at $1434; a break above this level will turn the long term trend of Gold to ...
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  • Gold Prices Rebound on Economic Fears

    Gold Prices Rebound on Economic Fears

    Gold Prices Rebound on Economic Fears Gold spot Intraday: rebound. HEFFX Pivot: 1337 Trade Gold Now The possibility of a hard landing by China has also been a factor underpinning the current gold price of more than $1,330/oz. Other contributors include violence and political upheaval in emerging markets such as the Ukraine and Turkey, and ...
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  • Closing Metals And Energy

    Closing Metals And Energy

    Closing Metals And Energy Apr Gold dipped to a session low at 1337.80 late morning action after trading as high as 1352.90 early. The precious Yellow metal managed to push back into positive territory and settled at 1346.50 , or + 0.4%. May Silver pulled back from its session high at 21.33, marked a session ...
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  • Closing Commodities: Gold, Nat Gas Up, Silver, Crude Oil Down

    Closing Commodities: Gold, Nat Gas Up, Silver, Crude Oil Down

    Closing Commodities: Gold, Nat Gas Up, Silver, Crude Oil Down Commodities finished the day mostly lower Monday: Crude Oil, Chicago  grains; Corn, Wheat and Soybean, Copper and Silver finished in the Red. Gold and Nat Gas futures finished Monday session up. Grains sold off Monday following the monthly USDA WASDE report. Corn ended the day ...
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  • Morning Brief: Commodities

    Morning Brief: Commodities

    Morning Brief: Commodities Metals are off,  hit by lower than expected China export data. Gold at 1333.59 moving sideways for the past few sessions and is trading lower in here, the support is at 1324.44, expect an eventual rise to 1360 and above. Silver at 20.78 fell, and may test support at 20.5 from where ...
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  • $GLD, Gold Is The Most Bullish Since 2012

    $GLD, Gold Is The Most Bullish Since 2012

    $GLD, Gold Is The Most Bullish Since 2012 GS, SBUX Gold looks more and more attractive to hedge-fund managers even though Goldman Sachs Group Inc.(NYSE:GS) says the metal’s surprising rally this year will fade soon. Hedge funds and othertrader/speculators expanded bets on higher prices for a 4th week running in New York futures and are ...
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  • Closing Commodities: Copper - 4.2% On News China's 1st Corporate Bond Default

    Closing Commodities: Copper – 4.2% On News China’s 1st Corporate Bond Default

    Closing Commodities: Copper - 4.2% On News China's 1st Corporate Bond Default Precious metals fell Friday as the DXY rose on better-than-anticipated US jobs data. February NFP's passed estimates, coming in at 175-K Vs the consensus at 163-K. Apr Gold notched a session low at 1326.60, and finished -1.0% loss at 1337.80 oz. Friday's weakness ...
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  • Closing Commodities: Gold, Silver, Crude Oil & Nat Gas Finish In The Green

    Closing Commodities: Gold, Silver, Crude Oil & Nat Gas Finish In The Green

    Closing Commodities: Gold, Silver, Crude Oil & Nat Gas Finish In The Green Apr Gold extended Wednesday's gains as the DXY fell on a rally in the Euro as the ECB left its rates unchanged and decided against implementing any of it tools left to boost the economy. Gold came off its session low at ...
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  • Technical Analysis For Gold And Silver

    Technical Analysis For Gold And Silver

    Technical Analysis For Gold And Silver Gold Gold is trading ia a sideways range that took the precious Yellow metal out of the ascending channel. Now Gold's price is affected by the negativity of Linear Regression Indicators and RSI. Prefer not bet on a Southside move while its is stable above 1323.20, as stability above ...
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  • Closing Commodities: Gold, Silver Up, Crude Oil, Nat Gas Down

    Closing Commodities: Gold, Silver Up, Crude Oil, Nat Gas Down

    Closing Commodities: Gold, Silver Up, Crude Oil, Nat Gas Down Precious metals rose, DXY fell into the Red after weak US economic data reports Wednesday. Apr Gold came off its session low of at 1334.20, and broke into the Green notching a session high at 1342.00 finishing with 0.2% gainer  at 1340.20 oz. May Silver ...
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  • $GOLD Technical Update

    $GOLD Technical Update

    On analyzing the weekly charts for gold, the general trend for gold seems to be up. It looks to have formed a double bottom at around $1200. But only a weekly close above $1400 would confirm it. The MACD lines have made a crossover and are just below the zero line. Long term traders should ...
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  • West-East Tensions Ease, Gold Flat To Little Changed

    West-East Tensions Ease, Gold Flat To Little Changed

    West-East Tensions Ease, Gold Flat To Little Changed In Asia Wednesday Gold is flat to little changed , and trading below its high mark in 4 months, as the Russia-Ukraine tension calmed on Mr. Putin's announcements. Now, expect participants to focus on US economic data. The East-West tension calmed as the Russian President said there ...
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  • Commodities: Crude Oil, Gold, Silver Finish Lower, Nat Gas +3.5%

    Commodities: Crude Oil, Gold, Silver Finish Lower, Nat Gas +3.5%

    Commodities: Crude Oil, Gold, Silver Finish Lower, Nat Gas +3.5% WTI Crude Oil, Gold and Silver futures were all  weak during Tuesday's session, Copper and Nat Gas futures held, and closed with a nice gainer Apr Gold finished Tuesday's session -0.9% at 1337.80 oz May Silver lost 1.3% to finish at 21.21/oz Apr Nat Gas ...
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  • $GOLD Technical Analysis

    $GOLD Technical Analysis

    Gold prices spiked above their previous highs on the 1350.00 minor psychological level earlier this week when risk aversion took hold of the markets. The precious metal typically benefits from this type of market behavior, as gold is treated as a safe-haven for most traders. The precious metal has gapped up in the past few ...
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  • Real Estate: Safe-Haven Investors See Aussie Property "On Par With Gold"

    Real Estate: Safe-Haven Investors See Aussie Property “On Par With Gold”

    Real Estate: Safe-Haven Investors See Aussie Property "On Par With Gold" The consistency in Australian property has begun to shore-up the relative dearth in mining investment as foreign buyers 2X'd their injection of capital into residential property, according to the latest figures from Australia's Foreign Investment Review Board (FIRB). While the global financial crisis (GFC) ...
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  • Technical Commentary: Gold, Support And Resistance

    Technical Commentary: Gold, Support And Resistance

    Technical Commentary: Gold, Support And Resistance Gold finished pit trade Monday higher on safe-haven buying related to geopolitical tensions surrounding Ukraine. Traders are now focused on the Big Q:  is enough momentum to take out the next Key resistance at 1,361 oz ? If there is then the continuing Ukraine issue could drive Gold all ...
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  • Gains in the S&P GSCI Monday Put Commodities At 6 Months Highs

    Gains in the S&P GSCI Monday Put Commodities At 6 Months Highs

    Gains in the S&P GSCI Monday Put Commodities At 6 Months Highs Precious metals and Crude Oil traded higher despite a stronger DXY as participants reacted to the tension between Russia and Ukraine At the weekend, Russian forces took control of strategic points in the Crimea, citing the need to protect the ethnic Russian population ...
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