Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60

Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60

Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60 Gold futures closed higher last week, confirming the previous week’s closing price reversal bottom. The market was driven higher by a drop in U.S. Treasury yields. This move made the U.S. Dollar a less-desirable investment, while […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Off, Crude Oil Off, Stocks Up Notes: Data Friday showed US manufacturing output fell for a 2nd month running in February and factory activity in New York state hit near a 2 low this month, further evidence of a sharp slowdown in economic growth early in Q-1. In Asia Gold: Spot […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Firm, Stocks Up Notes: The Bank of Japan’s kept interest rates unchanged Chinese Vice Premier Liu He spoke by telephone with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, with the 2 sides making further substantive progress on trade talks, China’s official Xinhua news […]

Geopolitics lifts Gold 1 OZ (XAU=X) prices

Geopolitics lifts Gold 1 OZ (XAU=X) prices

Geopolitics lifts Gold 1 OZ (XAU=X) prices Gold prices moved higher on Thursday pushing through resistance which is now support seen near the 50-day moving average at 1,303. Additional support is seen near the 10-day moving average at 1,295. Resistance is seen near a downward sloping trend line that connects the highs in April of […]

Nick Leeson on the Trading Day Ahead

Nick Leeson on the Trading Day Ahead

Nick Leeson on Indicies Drift Asian markets are little changed overnight as Global equity indices look set to drift this morning. The FTSE is called two points higher whilst the DAX is currently forecasted to shed 6 points at the opening bell. The DOW closed higher yesterday even after the US Federal Aviation Authority followed […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Off, Crude Oil Higher, Stocks Flat Notes: The United States aims to cut Iran’s Crude exports by about 20% to below 1-M BPD from May by requiring importing countries to reduce purchases to avoid US sanctions, 2 sources familiar with the matter told Reuters. Both sources said they were […]

Gold 1 OZ (XAU=X) holding above the critical psychological level of $1,300

Gold 1 OZ (XAU=X) holding above the critical psychological level of $1,300

Gold 1 OZ (XAU=X) holding above the critical psychological level of $1,300 Gold prices are holding above the critical psychological level of $1,300 an ounce as momentum in the U.S. manufacturing sector was mixed in January. Wednesday, a U.S. Commerce Department report showed U.S. durable-goods orders increased by 0.4% in January, up from December’s 1.3% […]

Nick Leeson on Brexit, Boeing and the Day Ahead

Nick Leeson on Brexit, Boeing and the Day Ahead

Brexit news provided the impetus for a bumpy ride for the European Indices and Sterling yesterday. A positive stance after news of concessions from the EU was quickly replaced by uncertainty and a swift move lower as legal opinion indicated that we were no nearer a path through the forest to a successful Brexit. In […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Off, Crude Oil Higher, Stocks Down Notes: Gold scaled a near 2-week high Wednesday, after reclaiming the Key $1,300 mark in the prior session, as investors opted for the safe-haven precious Yellow metal after British lawmakers rejected an amended exit deal, while a weaker uSD lent further support. Washington could […]

Gold 1 OZ (XAU=X) All Signs Point To Higher

Gold 1 OZ (XAU=X) All Signs Point To Higher

Gold 1 OZ (XAU=X) All Signs Point To Higher Current monetary policies have made the precious metals a more attractive investment option, said Alain Corbani, head of commodities at Finance SA. “My bet, and so far it has been the safest, is to follow what the Fed is saying. So, basically they are saying ‘we […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: European Commission head Jean-Claude Juncker agreed to additional assurances in an updated BREXIT deal with British Prime Minister Theresa May Monday, but warned UK lawmakers would not get a 3rd chance to endorse it. Washington could lift most or all of its tariffs on […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: Fed Chairman Powell said Friday that the central bank will be careful not to shock financial markets as it stabilizes its bond portfolio, saying that it does not see problems in the US economy that warrant an immediate change in its policy. Washington […]

Gold 1 OZ (XAU=X) Strong Dollar Drives Prices Lower

Gold 1 OZ (XAU=X) Strong Dollar Drives Prices Lower

Gold 1 OZ (XAU=X) Strong Dollar Drives Prices Lower A stronger U.S. Dollar kept a lid on gold prices most of the week as investors responded to dovish announcements from major central banks including the Bank of Canada and the European Central Bank. In the Euro Zone on Thursday, European Central Bank President Mario Draghi said the European economy […]

Gold Miners Looking for New Partners

Gold Miners Looking for New Partners

FLASH: World’s Gold miners seek merger opportunities $GLD, $GOLD, $CS A move by the world’s biggest gold miners to get bigger adding new vigor to an industry that failed to inspire investor support in Y 2018. The mega-merger mania now under way for Newmont Mining Corp., Barrick Gold (NYSE:GOLD) and Goldcorp will result in some […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Falling, Stocks Up Notes: Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago. President Trump says, “All of nothing at all!” US jobs report […]

Gold 1 OZ (XAU=X) ECB slashed its 2019 growth and inflation forecasts and lowered those for 2020

Gold 1 OZ (XAU=X) ECB slashed its 2019 growth and inflation forecasts and lowered those for 2020

Gold 1 OZ (XAU=X) ECB slashed its 2019 growth and inflation forecasts and lowered those for 2020 Gold edged lower overnight, holding near a multi-week low as the US dollar gained against the euro after the European Central Bank postponed an interest rate hike, but the bank’s gloomy economic outlook limited the metal’s fall. Spot […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Flat, Crude Oil Up, Stocks Down Notes: Investors are looking ahead to the ECB’s board meeting Thursday. The ECB is expected to pare growth forecasts and give its strongest signal yet that more stimulus is coming in the form of more cheap loans. Washington could lift most or all […]

Gold 1 OZ (XAU=X) gold dropped below $US1,300 an ounce hurt by a robust US dollar

Gold 1 OZ (XAU=X) gold dropped below $US1,300 an ounce hurt by a robust US dollar

Gold 1 OZ (XAU=X) gold dropped below $US1,300 an ounce hurt by a robust US dollar Gold prices slipped overnight to their lowest in more than five weeks as the US dollar rose on stronger than expected economic data and rising US Treasury yields. Spot gold was down 0.1 per cent at $US1,285.57 per ounce. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: US Secretary of State Mike Pompeo said Monday he thought the United States and China were “on the cusp” of a deal to end their trade dispute, but President Trump will reject any deal that is not perfect. The WS-J reported Washington could lift […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Down, Crude Oil UP, Stocks Up Notes: The WS-J reported Sunday Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago. In Asia Gold: Gold edged up Monday, after falling […]

Gold 1 OZ (XAU=X) geopolitical events to continue dictating price momentum

Gold 1 OZ (XAU=X) geopolitical events to continue dictating price momentum

Gold 1 OZ (XAU=X) geopolitical events to continue dictating price momentum The price action of gold in the global market was well within my previous monthly forecast despite spot gold closing for the month of February on a dovish note. In my forecast for February, I had mentioned that the price action of gold is going […]

Gold 1 OZ (XAU=X) market has been grinding higher

Gold 1 OZ (XAU=X) market has been grinding higher

Gold 1 OZ (XAU=X) market has been grinding higher Gold markets are pulling back a bit during the trading session on Wednesday, reaching towards the $1325 level. If that level can hold, then a bounce back towards the $1350 level could happen. However, I see even more support underneath based upon the trend line, and of […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Down, Stocks Down Notes: President Trump wrapped up in Hanoi for 2nd Summit with Chairman Kim, President Trump and Secretary of State Mike Pompeo are optimistic on the progress mate. US and China have a deal in the works.President Trump extends deadline and sets up Summit with President Xi  at Mar a Lago. In Asia Gold: Gold prices Thursday held near 2-week lows touched in the prior […]

Gold 1 OZ (XAU=X) 3.5-month-old price uptrend is still in place

Gold 1 OZ (XAU=X) 3.5-month-old price uptrend is still in place

Gold 1 OZ (XAU=X) 3.5-month-old price uptrend is still in place Gold prices are modestly up in early U.S. trading Wednesday. I reported yesterday the bulls needed a new fundamental news spark, and they got one today, as a geopolitical hotspot has flared up in Asia. April gold futures were last up $2.00 an ounce at […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Soft, Crude Oil Up, Stocks Higher Notes: Market focus on Fed Chairman Powell’s testimony in front of the House of representatives Wednesday. Will be the same as to the Senate. The Fed’s policy statements grew so complicated after the Great Recession that standard gauges of readability suggested people needed 4 years of university […]

Gold 1 OZ (XAU=X) the last Federal Reserve rate hike will be an important inflection point

Gold 1 OZ (XAU=X) the last Federal Reserve rate hike will be an important inflection point

Gold 1 OZ (XAU=X) the last Federal Reserve rate hike will be an important inflection point Gold is already on a bull run and the last Federal Reserve rate hike will be an important inflection point for the precious metal prices, Franco-Nevada president and COO Paul Brink told Kitco News. “We’ve really started the last […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Flat, Crude Oil Lower, Stocks Lower Notes: Market focus on Fed Chairman Powell’s testimony in front of Congress US and China have a deal in the works. President Trump pushes deadline and sets up Summit with President Xi  at Mar a Lago. President Trump in Hanoi for 2nd NKorean Summit with Chairman Kim. In Asia Gold: Gold seeing profit taking in here. Spot gold lost 0.1% to $1,326.36 oz US gold […]

Owning Gold Make a Lot of Sense in Here

Owning Gold Make a Lot of Sense in Here

$GLD, $SLV, $USD FLASH: The Dem’s Green New Deal is silly and not worth our attention. But it implies we can have anything we want if the Fed extends credit. FACT: The 2 biggest US stock market rallies happened when the budget deficit was disappearing or had disappeared. Calvin Coolidge led the US through most […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Lower, Stocks Higher Notes: US and China have a deal in the works. President Trump pushes deadline and sets up Summit with President Xi  at Mar a Lago. President Trump on the way to Hanoi for 2nd NKorean Summit with Chairman Kim. In Asia Gold: Gold prices rose Monday as USD fell Vs the RMB Yuan after President Trump said he would delay an increase […]

The Untold Story of Nixon’s $35 Gold Peg

The Untold Story of Nixon’s $35 Gold Peg

By Mark J. Lundeen $GLD, $SLV, $USD The Dow Jones in its BEV chart below is charging up the hill with eyes fixed on making new all-time highs.  In the past week it has advanced 2.9% BEV points, leaving only 3.52% BEV points to go before it once again makes stock market history.  Another couple […]

Savvy Investors Moving Back to Gold

Savvy Investors Moving Back to Gold

$GLD, $SLV, $GDX, $USD Gold prices climb as those savvy investors uncertain about global growth outlook hedge their portfolios. Gold prices have surged 14% since September, when in this column I signaled a buy signal for the precious Yellow metal, just as the major US stock market indexes were making record Tops. Gold-focused ETFs saw […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Lower, Stocks Dip Notes: Trade talks dominate headlines, the US and China have a deal in the works, as President Trump meeting China’s chief negotiator Vice Premier Liu Friday in Washington, DC. Growth in China’s new home prices fell to a 9-month low in January as broader economic weakness increasingly weighs […]

Gold 1 OZ (XAU=X) solid resistance at $1,350.00

Gold 1 OZ (XAU=X) solid resistance at $1,350.00

Gold 1 OZ (XAU=X) solid resistance at $1,350.00 Technically, the April gold bulls have the firm overall near-term technical advantage. Prices are in a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in April futures above solid resistance at $1,350.00. Bears’ next near-term downside price breakout […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Higher, Stocks Higher Notes: Trade talks dominate headlines with a new round of negotiations between the US and China have a deal in the works meeting continue in Washington. Sentiment also got a lift after the Fed Wednesday affirmed it would be “patient” on further interest rate rises. In Asia Gold: Gold […]

Managed Money Now Betting on Gold

Managed Money Now Betting on Gold

$GLD, $USD FLASH: Gold’s rally could have further to run as hedge fund managers make more Bullish bets after last year’s extended Big Short. The precious Yellow metal rose to a 10-month high at $1,346.80 Wednesday as analysts warn of a slowdown in global growth and central bank stimulus Yet, the fast money has largely […]

Gold 1 OZ (XAU=X) Momentum Turns Positive

Gold 1 OZ (XAU=X) Momentum Turns Positive

Gold 1 OZ (XAU=X) Momentum Turns Positive Gold prices broke out above resistance which is now seen as support near the January highs at 1,326.  Support below that level is seen near the 5-day moving average at 1,321 and the 20-day moving average at 1,310. Target resistance is seen near the 2018 highs near 1,365. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Lower, Crude Oil Higher, Stocks Higher Notes: Trade talks dominate headlines with a new round of negotiations between the US and China expected in Washington Tuesday, and follow-up sessions at a higher level this week. Minutes of the Fed’s last policy meeting are due Wednesday and should provide more guidance on the likelihood or […]

Gold 1 OZ (XAU=X) solid resistance at $1,350.00

Gold 1 OZ (XAU=X) solid resistance at $1,350.00

Gold 1 OZ (XAU=X) solid resistance at $1,350.00 Technically, the April gold bulls have the solid overall near-term technical advantage. Prices are in a 2.5-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in April futures above solid resistance at $1,350.00. Bears’ next near-term downside price breakout […]

Gold Marks 10-month Highs On US-China Trade Talks Optimism

Gold Marks 10-month Highs On US-China Trade Talks Optimism

$GLD, $USD Gold prices rose to 10-month highs Tuesday, as USD weakened, on optimism for a breakthrough in US-China trade talks, bullion also saw support as a safe-haven asset due to concerns over global growth. Spot gold +0.9 at $1,338.21 oz US gold futures +1.44% at $1,341.20 oz A gauge of global stock markets rose […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Higher, Crude Oil Mixed, Stocks Higher Notes: Trade talks dominated headlines with a new round of negotiations between the United States and China expected in Washington on Tuesday, and follow-up sessions at a higher level later in the week. Comments from European Central Bank’s Olli Rehn on Sunday have triggered speculation the […]

Gold 1 OZ (XAU=X) bounce from the level near $1,300

Gold 1 OZ (XAU=X) bounce from the level near $1,300

Gold 1 OZ (XAU=X) bounce from the level near $1,300 The price of gold found support near $1,300 and bounce higher. Today, the bull follow through and the price has surpassed the previous week high. If there is no change to the bullish pressure then gold expected to reach resistance $1,337 soon. Traders could prepare […]

Did the UK Sell Australia’s Gold?

Did the UK Sell Australia’s Gold?

For whatever reason Australia has stored their Gold reserves with England, but is the Gold really there? Geopolitical and trade tensions along with US sanctions have shaken trust in the US dollar over recent years. As a result, a number of global central banks have been boosting their national reserves of gold bullion. In 2018, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Off, Crude Oil Higher, Stocks Higher Notes: Minutes of the Fed’s last policy meeting are due Wednesday and should provide more guidance on the likelihood or not for rate hikes this year. There is also talk the Fed will keep a much larger balance sheet than previously planned. Financial markets are generally […]

Gold and Mining Stocks Looks Bright & Shiny

Gold and Mining Stocks Looks Bright & Shiny

$GLD, $GOLD, $USD, $GDX, $GS FLASH: The savvy observers see Golden opps in the precious Yellow metal and its miners. Last September in this column we suggested it was time for investors to add gold to their portfolios. And that data shows that since that time, gold has gained nearly 10%. Gold marked to a […]

Gold 1 OZ (XAU=X) Holding Gains Following Rise In Empire State Manufacturing Survey

Gold 1 OZ (XAU=X) Holding Gains Following Rise In Empire State Manufacturing Survey

Gold 1 OZ (XAU=X) Holding Gains Following Rise In Empire State Manufacturing Survey The New York region’s manufacturing sector found new momentum in February, according to the latest data from the New York Federal Reserve. The gold market is seeing little reaction to a rise in the New York Federal Reserve’s Empire State manufacturing survey’s […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Ranged, USD Higher, Crude Oil Higher, Stocks Lower In Asia Notes:  US Treasury Secretary Steven Mnuchin hopes for “productive” trade meetings in China scheduled to run through Friday.The United States has used tariffs as leverage to demand Beijing make major structural policy changes, including ending the forced transfer of American technology, fully enforcing intellectual property rights, and […]

Gold 1 OZ (XAU=X) significantly trimmed overnight losses following some downbeat U.S. economic data

Gold 1 OZ (XAU=X) significantly trimmed overnight losses following some downbeat U.S. economic data

Gold 1 OZ (XAU=X) significantly trimmed overnight losses following some downbeat U.S. economic data Gold and silver prices are modestly lower in early U.S. trading Thursday, but have significantly trimmed overnight losses following some downbeat U.S. economic data that was just released. Still, a muscular U.S. dollar this week is keeping the precious metals market bulls squelched. April gold […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Higher, Crude Oil Higher, Stocks Up In Asia Notes:  US Treasury Secretary Steven Mnuchin said Thursday he hopes for “productive” trade meetings in China, as the 2 countries work to hammer out an agreement to resolve their trade dispute. The talks, scheduled to run through Friday, follow 3 days of deputy-level meetings to work […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady, USD Higher, Crude Oil Up, Stocks Up In Asia Notes:  US Treasury Secretary Steven Mnuchin said Wednesday he hopes for “productive” trade meetings in China this week, as the 2 countries seek to hammer out an agreement to resolve the trade dispute. The Cboe Volatility Index (VIX) dropped overnight to as low as 14.95, […]

Gold 1 OZ (XAU=X) 2.5-month-old price uptrend is still in place

Gold 1 OZ (XAU=X) 2.5-month-old price uptrend is still in place

Gold 1 OZ (XAU=X) 2.5-month-old price uptrend is still in place Technically, April gold futures prices closed nearer the session high low today. The bulls still have the overall near-term technical advantage. A 2.5-month-old price uptrend is still in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD HighersCrude Oil UpStocks Up In Asia Notes: Messrs. Mnuchin and Lighthizer opened another round of trade talks in Beijing Monday to push for a deal to protect American IP, and avert a 2 March increase in US tariffs on Chinese goods. Gold: Gold prices steady Tuesday as investors kept a cautious stance ahead this round […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

3$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold EasedUSD CautiousCrude Oil DownStocks Off In Asia Notes: Messrs. Mnuchin and Lighthizer open another round of trade talks in Beijing this week to push for a deal to protect American intellectual property and avert a 2 March increase in US tariffs on Chinese goods. Gold: Gold prices eased Monday as uncertainties around US-China trade tensions […]

Gold 1 OZ (XAU=X) not surprising that gold ETFs have seen four straight months of net inflows

Gold 1 OZ (XAU=X) not surprising that gold ETFs have seen four straight months of net inflows

Gold 1 OZ (XAU=X) not surprising that gold ETFs have seen four straight months of net inflows Wobbly stock prices are sending many panicked people running scared for gold, sending prices for the yellow metal soaring. Savvy investors should follow suit. The World Gold Council recently reported that investors sank $3.1 billion into gold-backed exchange-traded funds for […]

Markets Look to US China Trade Deal

Markets Look to US China Trade Deal

With a March 1 deadline fast approaching, US and Chinese officials resume negotiations next week to prevent escalation of a trade dispute that has major implications for the global economy. China’s economy already has shown signs of slowing, while the trade war has shaken the confidence of US businesses, as retaliatory tariffs have raised prices […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD SteadyCrude Oil DownStocks Off In Asia Notes: China closed all week for the Lunar New Year Thursday, the EC sharply cut its forecasts for euro zone economic growth due to global trade tensions and a numberof domestic challenges. Messrs. Mnuchin and Lighthizer are expected to kick off another round of trade talks in Beijing next week […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD UpCrude Oil DownStocks Up In Asia Note: China closed all week for the Lunar New Year The Cboe Volatility (VIX) Index, Wall Street’s so-called “fear gauge,” dropped to 15.60, its lowest level in 4 months, Monday. Gold: Gold fell to a more than 1-week low Thursday, pressured by a stronger USD, but worries over slowing global […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FirmCrude Oil UpStocks Subdued In Asia Note: China closed all week for the Lunar New Year The Cboe Volatility (VIX) Index, Wall Street’s so-called “fear gauge,” dropped to 15.60, its lowest level in 4 months, Monday. Gold: Gold prices held firm Wednesday after US President Trump, in his State of the Union speech, vowed to build […]

Gold 1 OZ (XAU=X) recently have seen normal profit taking after hitting an eight-month high last week

Gold 1 OZ (XAU=X) recently have seen normal profit taking after hitting an eight-month high last week

Gold 1 OZ (XAU=X) recently have seen normal profit taking after hitting an eight-month high last week Technically, April gold futures prices closed nearer the session high today. Prices recently have seen normal profit taking after hitting an eight-month high last week. The bulls still have the firm overall near-term technical advantage. A 2.5-month-old price […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold UpUSD FirmCrude Oil UpStocks Higher In Asia Note: China closed all week for the Lunar New Year The Cboe Volatility (VIX) Index, Wall Street’s so-called “fear gauge,” dropped to 15.60, its lowest level in 4 months, Monday. $VXX Gold: Gold rose Tuesday in thin trading as investors made purchases after prices touched 1-week lows Monday, but improved […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD FirmCrude Oil UpStocks Steady In Asia Note: China closed all week for the Lunar New Year Gold: Gold prices slipped Monday as risk aversion waned amid some signs of progress in US-China trade talks, while a firm USD kept bullion under pressure. Spot gold was down 0.4% at $1,313.01 oz by 0552 GMT US […]

Gold 1 OZ (XAU=X) Wall Street voters remained bullish

Gold 1 OZ (XAU=X) Wall Street voters remained bullish

Gold 1 OZ (XAU=X) Wall Street voters remained bullish Wall Street and Main Street look for gold to keep climbing next week, according to the Kitco News gold survey. Many traders and analysts cited a dovish Federal Open Market Committee after a policy meeting this week, in which officials indicated they are pausing in the monetary-tightening cycle […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD EasedCrude Oil SteadyStocks Up In Asia Gold: Gold fell Friday as investors sought riskier assets on optimism the United States and China ill reach a trade deal, although a pause in US interest rate hikes kept bullion on track for a 2nd weekly increase. Spot gold fell 0.3% to $1,316.95 oz at 0719 GMT. Prices […]

Gold 1 OZ (XAU=X) buying support from a more dovish U.S. Federal Reserve

Gold 1 OZ (XAU=X) buying support from a more dovish U.S. Federal Reserve

Gold 1 OZ (XAU=X) buying support from a more dovish U.S. Federal Reserve Technically, the gold bulls have the firm overall near-term technical advantage and have gained power this week. Prices are in a 2.5-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in February futures above […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD EasedCrude Oil UpStocks Up In Asia Notes: The Federal Open Markets Committee (FOMC) held its policy-setting meeting and stood pat with a very dovish tone. Officials from Washington and Beijing have launch a new round of trade talks aimed at resolving their disputes. Gold: A surge in gold purchases by central banks to the highest […]

Gold 1 OZ (XAU=X) gaining power this week

Gold 1 OZ (XAU=X) gaining power this week

Gold 1 OZ (XAU=X) gaining power this week The economic highlight at mid-week is the Federal Reserve’s Open Market Committee (FOMC) meeting that began on Tuesday morning and ends Wednesday afternoon with a statement on monetary policy. No change in monetary policy is expected. However, traders want to know if the Fed today will tip […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold HigherUSD EasedCrude Oil Off a BitStocks Flat to Little Change In Asia Notes: The Federal Open Markets Committee (FOMC) will hold its next policy-setting press conference on 30 January no hike expected. Officials from Washington and Beijing are set to launch a new round of trade talks on Wednesday aimed at resolving their disputes amid […]

Gold 1 OZ (XAU=X) U.S. Consumer Sentiment Drops In January

Gold 1 OZ (XAU=X) U.S. Consumer Sentiment Drops In January

Gold 1 OZ (XAU=X) U.S. Consumer Sentiment Drops In January The gold market is holding on to gains above $1,300 an ounce, trading near a seven month high as pessimism grows among U.S. consumers. Tuesday, the U.S. Conference Board, said that is Consumer Confidence Index fell to a reading of 120.2, down from December’s reading […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil SteadyStocks Higher In Asia Notes: The Federal Open Markets Committee (FOMC) will hold it next policy-setting meeting on 29-30 January. Gold: Gold price broke psyche resistance at 1300 oz Gold futures are hanging near 7-month highs at $1,302.2 oz. Spot gold was last at 1,304.19 after breaking above a the Key psych […]

Gold 1 OZ (XAU=X) needs to show fresh power soon

Gold 1 OZ (XAU=X) needs to show fresh power soon

Gold 1 OZ (XAU=X) needs to show fresh power soon February gold futures bulls still have the overall near-term technical advantage, but are fading and need to show fresh power soon. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. Bears’ next near-term downside price […]

Gold Vs Bitcoin

Gold Vs Bitcoin

The plunge of cryptocurrencies has forced investors to seek other safe havens in traditional commodities, like precious metals. Investing analysts have revealed that many are turning to gold exchange-traded funds (ETFs). The world’s most popular cryptocurrency, bitcoin, has been trading below $4,000 for nearly three weeks. Other major digital currencies, including Ethereum and Ripple (XRP) […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil downStocks Higher In Asia Notes: The Federal Open Markets Committee (FOMC) will hold it next policy-setting meeting on 29-30 January. Gold: Gold prices held steady Monday, near a 7-month peak scaled in previous session, on hopes the Fed will keep interest rates unchanged during its 2-day policy meeting this week. Spot gold […]

Gold: Indian’s Buy Dips; Lunar New Year Boosts Demand in China; Investors Hedge Risk

Gold: Indian’s Buy Dips; Lunar New Year Boosts Demand in China; Investors Hedge Risk

$GLD Indian discounts shrink; dealers eye import duty announcement China premiums at $9.50-$11.50 oz Festival buying picks up in Singapore Demand for physical gold in India improved last week as local prices eased from their highest level in over 5 years, while buying gathered steam in China ahead of the Lunar New Year festival. Dealers […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil UpStocks Rise In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Washington Thursday signaled it could impose sanctions on Venezuela’s Crude Oil exports as Caracas descends further into political and economic chaos. The US-China trade discussions will provide insight into how talks are […]

Gold 1 OZ (XAU=X) solid technical support at $1,250.00

Gold 1 OZ (XAU=X) solid technical support at $1,250.00

Gold 1 OZ (XAU=X) solid technical support at $1,250.00 Technically, February gold futures bulls still have the overall near-term technical advantage, but are fading and need to show fresh power soon. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. Bears’ next near-term downside price […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil DownStocks Rise In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate, but its retail markets are expanding widely. China makes up 19% of the world’s economy, the slowdown this year […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bulls have the overall near-term technical advantage but have faded recently. Prices are still in a two-month-old uptrend on the daily bar chart, but just barely. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,300.00. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil UpStocks Off In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate. Gold: Gold prices stood firm Wednesday on higher demand for safe-haven assets over concerns of slowing global economy and […]

Gold 1 OZ (XAU=X) Risk Appetite Recedes

Gold 1 OZ (XAU=X) Risk Appetite Recedes

Gold 1 OZ (XAU=X) Risk Appetite Recedes There are renewed worries about slowing global economic growth, as the International Monetary Fund released a report Monday that projected collective world economic growth at 3.5% in 2019, which is down from their last forecast in October for 3.7% growth. The IMF also warned about higher risks for […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD FlatCrude Oil DownStocks Off In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China’s state planner Tuesday warned that the downward pressure on the economy will affect China’s job market as falling factory orders point to a further drop in activity in coming months and […]

Gold 1 OZ (XAU=X) Under Pressure

Gold 1 OZ (XAU=X) Under Pressure

Gold 1 OZ (XAU=X) Under Pressure The miserable phase of consolidation continues in gold, and this morning there is pressure taking gold back down near the support level of $1,280. This action is no surprise; it’s just part of the pattern. From a trader’s standpoint, we will look at this as a buying opportunity. The range in gold […]

Real Inflation is Here, Gold is the Hedge of Choice for Savvy Participants

Real Inflation is Here, Gold is   the Hedge of Choice for Savvy Participants

$GLD, $USD Some economists who favor the ‘dollar/gold price’ seem to be blind to the rise in financial power of the precious Yellow metal. We believe that real inflation will become a better gauge to see how well this metric is doing. Using USD’s strength to measure net worth in the US could give 1 the impression that […]

Buy Gold, Bet on Tight Supply

Buy Gold, Bet on Tight Supply

$GLD, $SLV, $USD Gold’s supply/demand prospects have caught the eye of 1 billionaire. “For the 1st time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Firm Crude Oil Higher Stocks Up In Asia Notes: A report Thursday saying that Washington was considering lifting some or all tariffs imposed on Chinese imports buoyed financial markets, including Crude Oil. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Spot gold was set for its 5th straight […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bulls have the overall near-term technical advantage. Prices are in a two-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective is […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Firm Crude Oil Lower Stocks Mixed In Asia Notes: Spot gold is about to exit a Neutral range of $1,285-$1,299, and either rise to $1,311 or drop towards $1,268. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Gold has gained for 5 weeks running, but prices have been […]

Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish

Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish

Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish Gold prices are trading moderately up and are at session highs in late-morning action Wednesday. The near-term technical posture for the yellow metal remains bullish, which has invited some fresh chart-based buying interest. The recent “collapse in volatility” on the daily bar chart […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Steady Stocks Steady including Japan In Asia Notes: On the earnings front, US banks: Goldman Sachs (GS) will be in focus Wednesday Expectations are low with profits for US companies forecast to rise 6.4%, down from an 1 October estimate of 10.2% and a big fall from 2018’s tax cut-fueled gainer of more […]

Gold 1 OZ (XAU=X) Risk Appetite Picks Up

Gold 1 OZ (XAU=X) Risk Appetite Picks Up

Gold 1 OZ (XAU=X) Risk Appetite Picks Up Gold and silver prices are weaker in early-afternoon U.S. trading Tuesday, as higher world stock markets have traders and investors in upbeat moods early this week. A higher U.S. dollar index today also worked against the precious metals market bulls. February gold futures were last down $3.60 an ounce at $1,287.70. March Comex silver was down […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Lower Crude Oil Up Stocks Higher including Japan In Asia Notes: On the earnings front, US banks are in sharp focus with Quarterly results from JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) this week. Monday, Citigroup (C) beat profit estimates. The bank’s shares rose 4.0% and bolstered the S&P financial […]

Stocks Cautious on China Growth, Financials and Industrials Lead, Gold in Favor

Stocks Cautious on China Growth, Financials and Industrials Lead, Gold in Favor

$DIA, $SPY, $QQQ, $RUTX, $GLD, $VXX Trade tensions should not disturb your portfolio’s peace of mind. To help prevent your portfolio from becoming “trade war collateral,” consider diversifying your assets to minimize exposure. Assets like physical Gold and Silver are historically known to perform well during turmoil in such dust ups. Recently, Jim Cramer urged investors frightened […]

Gold 1 OZ (XAU=X) two-month-old price uptrend is still in place

Gold 1 OZ (XAU=X) two-month-old price uptrend is still in place

Gold 1 OZ (XAU=X) two-month-old price uptrend is still in place Technically, February gold futures bulls have the overall near-term technical advantage. A two-month-old price uptrend is still in place on the daily bar chart. The recent sideways pause is not bearish. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid […]

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