Uncertainty Driving Gold Price North

Uncertainty Driving Gold Price North

$XAU $GLD Gold prices rose Monday as riots in major US cities concerned investors already reeling from strained US-China ties and boosted the demand for the safe-haven precious Yellow metal, with a weaker dollar lending further support. Spot gold gained 0.9% at 1,741.61 oz by 0509 GMT. US gold futures was up 0.3% to 1,757.50. […]

Sitting on a Cash Pile? Black Gold Recovering Fast

$MPC What a difference a month makes, last month traders were paying buyer to take their speculative deliveries, Monday, the benchmark pricing for WTI Crude Oil finished at 33.10, up almost 14% from Friday’s close and rose again Tuesday. Oil traders are focused down the road, with futures markets for both overseas-benchmark Brent and WTI […]

Investors Have Their Mojo Back, Stage the Fastest Market Recovery in History

Investors Have Their Mojo Back, Stage the Fastest Market Recovery in History

$DIA $SPY $QQQ $RUTX $VXX US stock markets will deliver the steepest recoveries in their history over the next year, returning to marks from before March’s C-19 coronavirus lockdowns more than 2X as fast as after the Y 2008 financial crisis, according to analysts from Citigroup. In a note to clients dated Monday, the bank […]

The C-19 Coronavirus Chaos and Gold

The C-19 Coronavirus Chaos and Gold

$XAU $GLD $VXX $USD The Big Q: How High is Too High for the precious Yellow metal? Q-1 of Y 2020 was positive for gold prices, as the chart below shows. The precious Yellow metal gained 6.2% from 31 December 2019 to 31 March 2020, moving from 1,515 to 1,609 oz. In April, gold rallied to 1,693, increasing […]

President Trump, “No Rush for More Aid/Relief”

President Trump, “No Rush for More Aid/Relief”

$DIA $SPY $QQQ $RUTX $VXX Friday, President Trump said that he is in no hurry for Congress to pass more C-19 coronavirus related stimulus measures to help the economy. “We are in no rush,” President Trump said while meeting with House Republicans who spent an hour taking turns complimenting and congratulating the President for his […]

Newmont Corporation (NYSE:NEM) is Loving the Price of Gold

Newmont Corporation (NYSE:NEM) is Loving the Price of Gold

$NEM Newmont Corp. (NYSE:NEM): Deutsche Bank reiterated its Buy rating and raised its price target to 70 from 54. NEM has seen its shares surge since merging Newmont and Goldcorp to create the world’s Top gold-mining stock. With a market cap of $50-B, the company is loving the price of gold at near 10 yr […]

There Once Was the Gold Standard, Now it is Infinite Quantitative Easing

There Once Was the Gold Standard, Now it is Infinite Quantitative Easing

$GLD $XAU $USD The US once was on a gold standard. This meant people could exchange their Bucks for a fixed amount of gold. The US moved away from a strict gold standard in the 1930’s, and President Nixon abandoned it altogether in Y 1971. Since then, the USD has been a “fiat currency.” Meaning […]

Lockdowns Ease, Demand Hopes Rise, Crude Oil Price Spikes

Lockdowns Ease,  Demand Hopes Rise, Crude Oil Price Spikes

$USO $OIL WTI Crude Oil prices spiked Tuesday, as some European and Asian countries along with several US states began to ease C-19 coronavirus lockdown measures. The rally extended Brent Crude Oil gains to 6 days running, while US WTI Crude Oil has rallied for 5 straight sessions. Fuel demand worldwide was down about 30% in […]

Top Gold Miner Stocks for 2020 + HeffX Gold Report

Top Gold Miner Stocks for 2020 + HeffX Gold Report

$GDX $GLD $XAU $GOLD $NEM $USD Gold is regarded as a safe-haven in times of market uncertinty, and it is Money. Investors can gain exposure to the gold industry by buying stocks of companies engaged in the exploration and mining of the precious Yellow metal. Some of the major players in the gold industry include mining companies […]

Gold Finishes a Strong Month

Gold Finishes a Strong Month

$XAU $GLD Gold traded lower Thursday en route to its best month since Y 2016 on the massive amounts of stimulus from governments worldwide intended to stem the economic damage caused by the COVID-19 coronavirus outbreak. Bullion usually benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency […]

Gold Futures Off Ahead of FOMC Rate Decision

Gold Futures Off Ahead of FOMC Rate Decision

$XAU $GLD $XAG $SLV $USD Gold slipped for a 3rd day running as countries moves toward easing stay at home restrictions and reopening economies lessened desires for safe-haven assets. Spain announced loosening measures after Tuesday’s weekly cabinet meeting. France’s PM to present the blueprint for opening up to the National Assembly. Several US states have […]

HEFFX Oil Report

HEFFX Oil Report

A Shock Like No Other: The Impact of COVID-19 on the Oil Markets The outbreak of COVID-19 has been accompanied by widespread declines in global commodity prices. The pandemic represents a unique shock that has a major impact on both the demand and supply of commodities. Oil markets have been most affected, given the collapse […]

Gold is Selling at a Premium to Retail Investors

Gold is Selling at a Premium to Retail Investors

$XAU $GLD Retail buyers for gold coins and bars are now paying a healthy premium per oz for the precious Yellow metal. Retail consumers who want to buy gold coins usually have to pay more than the per-ounce prices quoted on financial markets in London and New York. That premium has jumped to $135 oz, […]

United States Oil (USO) – Trump has tasked Mnuchin with developing a plan to revive the industry

United States Oil (USO) – Trump has tasked Mnuchin with developing a plan to revive the industry

United States Oil (USO) – Trump has tasked Mnuchin with developing a plan to revive the industry U.S. Treasury Secretary Steven Mnuchin weighed in on how he may work to rescue the energy industry hammered by the fallout from the coronavirus, which may include the government taking stakes in certain companies. Ticker Security Last Change Change % USO […]

“For every coin we mint, be it gold or silver, we could probably sell 5 or 6 of them,” the Perth Mint

“For every coin we mint, be it gold or silver, we could probably sell 5 or 6 of them,” the Perth Mint

$GLD $XAU $SLV $XAG $USD Australia’s largest gold refinery has ramped up production of 1 kilogram bars to ease the supply squeeze in the US that helped propel a surge in the premium for New York futures. The collapse in air travel that’s grounded passenger jets used to transport gold products and virus-related disruptions to some […]

US Mint: “US Precious Metals Coin Sales Skyrocket”

US Mint: “US Precious Metals Coin Sales Skyrocket”

$XAU XAG $PLAT As the COVID-19 pandemic erupted, so too did demand for newly minted platinum, gold, and silver coins from the US Mint. In times of crisis and doubt, investors move some assets to safe-havens. The demand is so high it is currently stripping the Mint’s supply. And if history is any indicator, it […]

Sitting on a Pile of Cash? Crude Oil Prices are Going Higher! Here are 2 Stock to Follow in the Energy Sector

Sitting on a Pile of Cash? Crude Oil Prices are Going Higher! Here are 2 Stock to Follow in the Energy Sector

$MRO $NBL The energy sector has taken a beating in here, but as it turns out some of the independent Oil & Gas exploration and production companies have hedged their production at higher prices, and some are hedged out through Y 2021. Marathon Oil Corp. (NYSE:MRO) announced its updated Y 2020 capital spending budget and […]

Sitting on a Pile of Cash? Here are 2 Top Trade Ideas in the Energy Sector

Sitting on a Pile of Cash? Here are 2 Top Trade Ideas in the Energy Sector

$CVX $SLB An analysts that I cover said today’s price move feels like Crude Oil is passing a kidney stone, a very painful move that will not last for long, since producers are switching off, and capping secondary production wells fast. Today, the world may need just 75-M BPD to keep the economy running. By […]

Crude Oil Volatility Signals Major ‘Rebalancing’

Crude Oil Volatility Signals Major ‘Rebalancing’

$DIA $SPY $QQQ $RUTX $USO $OIL $VXX The lack of demand in the world Crude Oil market has set it up to be forced into a necessary rebalancing over the coming weeks as rapidly filling storage leads to significant production cuts and higher prices. See price volatility continuing high in the weeks ahead, as retail […]

The Price of Gold Vs The Price of Crude Oil

The Price of Gold Vs The Price of Crude Oil

$GLD $XAU $USO $OIL $USD At the moment, the sharp move down in Crude Oil is Bullish gold prices Monday will go down in the scrap books as a historic day for Crude Oil prices, but energy-exposed stocks did not collapse as some envisioned. The price on the futures contract for WTI Crude Oil that […]

Really Cheap Gasoline and No Place to Go

Really Cheap Gasoline and No Place to Go

$DIA $SPY $QQQ $RUTX $USO $UGA $VXX This Crude Oil market is seeing declines despite OPEC +’s recent major deal to cut output as oversupply in light of the fight against coronavirus that has halted most of the global demand for Crude Oil. Monday, global Crude Oil prices fell to marks not seen since Y […]

US Crude Futures Below $15 bbl, Lowest Since 1999

US Crude Futures Below $15 bbl, Lowest Since 1999

$USO US Crude Oil April futures fell to 14.67 bbl Sunday US Crude Oil futures were last that low in Y 1999. Caution gripped Asian share markets Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global coronavirus lockdown, while a glut of supply sent […]

Gold’s Price Target is Higher

Gold’s Price Target is Higher

$XAU $GLD $USD Gold traded just off 7-yr highs Thursday as investors bet the precious Yellow metal price would swell as the COVID-19 chaos reshapes financial markets. Futures for June delivery inched up 0.3% to 1,746 oz, holding just below their April high of 1,768. Gold is up 16% YTD, thanks to investors who view it as a […]

United States Oil (USO) Climb on U.S. Reopening Plans

United States Oil (USO) Climb on U.S. Reopening Plans

United States Oil (USO) Climb on U.S. Reopening Plans Stocks pushed higher with U.S. equity futures on Friday as tentative steps toward restarting the world’s largest economy helped investors look past mixed progress on curbing the coronavirus and dismal data from China. West Texas oil slumped. Investors in risk assets are ending the week on […]

Silver 1 OZ 999 NY (XAG=X) to stay positive hence it’s clearly a buy on dips market

Silver 1 OZ 999 NY (XAG=X) to stay positive hence it’s clearly a buy on dips market

Silver 1 OZ 999 NY (XAG=X) to stay positive hence it’s clearly a buy on dips market Silver stays below the 50 EMA level at $15.60 following the release of U.S. Initial Jobless Claims  report which showed that 5.25 million of Americans applied for unemployment benefits. Currently, it looks like the market was ready to hear the bad […]

Gold 1 OZ (XAU=X) entering a new era of zero interest rate and devaluing currencies

Gold 1 OZ (XAU=X) entering a new era of zero interest rate and devaluing currencies

Gold 1 OZ (XAU=X) entering a new era of zero interest rate and devaluing currencies Gold futures gave up earlier gains to end lower on Thursday, pressured as the U.S. dollar strengthened in the wake of a surge in weekly U.S. jobless claims, which underlined the rapid deterioration in the economy from the COVID-19 pandemic. […]

Gold Up, Investors Seek Safe-havens

Gold Up, Investors Seek Safe-havens

$XAU $GLD Gold prices rose 1% Thursday as investors sought safe-havens after dour US economic reports exacerbated fears of a global recession amid central banks’ efforts to stem the financial rout from the coronavirus outbreak. Spot gold was up 0.9% at 1,730.49 oz by 1104 GMT, erasing losses driven by profit-taking and a stronger USD […]

United States Oil (USO) , gas industry sheds more than 6,000 jobs in a single day

United States Oil (USO) , gas industry sheds more than 6,000 jobs in a single day

United States Oil (USO) , gas industry sheds more than 6,000 jobs in a single day Oil and gas companies announced plans to cut more than 6,400 jobs on a grim day for the industry that saw the price of crude oil settle below $20 for the first time since 2001 and the amount of […]

Gold Will Rise in This Economic Atmosphere, Government Bonds Should be Disposed

Gold Will Rise in This Economic Atmosphere, Government Bonds Should be Disposed

$GLD, $XAU, $SPY, $USD Bridgewater Associates’ Ray Dalio, founder of the world’s largest hedge fund, said investors would be “crazy” to hold government bonds now because of money printing by central banks to rescue the global economy. “This period, like the 1930-45 period, is a period in which I think you’d be pretty crazy to […]

Gold 1 OZ (XAU=X) Prices Up as COVID-19 Economic Costs Rise

Gold 1 OZ (XAU=X) Prices Up as COVID-19 Economic Costs Rise

Gold 1 OZ (XAU=X) Prices Up as COVID-19 Economic Costs Rise Gold prices were up in Asia on Thursday as investors continue to calculate the economic damage from the COVID-19 pandemic. Gold futures were up by 0.33% at $1,745.70 by 9:37 PM ET (2:37 AM GMT) as the yellow metal attempted to claw back its losses from the previous session. Companies reported dismal numbers during what is turning out to be […]

Silver 1 OZ 999 NY (XAG=X) sees big pullbacks after recent bigger gains; not surprising

Silver 1 OZ 999 NY (XAG=X) sees big pullbacks after recent bigger gains; not surprising

Silver 1 OZ 999 NY (XAG=X) sees big pullbacks after recent bigger gains; not surprising Gold and silver futures prices are trading solidly lower in midday U.S. trading Wednesday, on normal downside corrections from recent strong gains that saw gold prices hit a 7.5-year high, at $1,788.80, on Tuesday, basis June Comex futures. Big gains in markets can […]

United States Oil (USO) falls 5% to $28 on oversupply concerns

United States Oil (USO) falls 5% to $28 on oversupply concerns

United States Oil (USO) falls 5% to $28 on oversupply concerns Oil fell 5% to around $28 a barrel on Wednesday, pressured by reports suggesting persistent oversupply and collapsing demand due to global coronavirus-related lockdowns. The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand […]

Gold’s Rally Seeing 1,800 in Here

Gold’s Rally Seeing 1,800 in Here

$XAU $GLD Gold extended its strong rally to hit the highest mark in more than 7 years on concern that this health crisis will have a devastating effect on the global economy, hammering corporate earnings while driving demand for safe-havens. COMEX futures in New York moved closer to 1,800 oz, the mark last seen in […]

United States Oil (USO) prices rise as Trump flags deeper output cuts

United States Oil (USO) prices rise as Trump flags deeper output cuts

United States Oil (USO) prices rise as Trump flags deeper output cuts Oil prices rose Tuesday after US President Donald Trump said producers are considering cutting 20 million barrels per day – more than double the figure publicly announced – to help the virus-hit sector. US benchmark West Texas Intermediate rose nearly 2% to trade […]

Gold 1 OZ (XAU=X) climbs to over 7-year high on coronavirus-led economic worries

Gold 1 OZ (XAU=X) climbs to over 7-year high on coronavirus-led economic worries

Gold 1 OZ (XAU=X) climbs to over 7-year high on coronavirus-led economic worries A slump in China’s exports is expected to have extended into March while a collapse in oil price likely deepened a decline in imports, a Reuters poll showed, as the virus cripples the global economy and overall demand. The U.S. Congress struggled […]

Silver 1 OZ 999 NY (XAG=X) pulls back in absence of near-term upside catalysts but the situation may change quickly

Silver 1 OZ 999 NY (XAG=X) pulls back in absence of near-term upside catalysts but the situation may change quickly

Silver 1 OZ 999 NY (XAG=X) pulls back in absence of near-term upside catalysts but the situation may change quickly Silver Stays Below The Major Resistance Level At 50 EMA Silver pulls back following an attempt to break through the major resistance level at the 50 EMA at $15.60. There’s no material economic data scheduled […]

United States Oil (USO) – OPEC and allies’ oil production cut is Trump’s ‘biggest and most complex’ deal ever

United States Oil (USO) – OPEC and allies’ oil production cut is Trump’s ‘biggest and most complex’ deal ever

United States Oil (USO) – OPEC and allies’ oil production cut is Trump’s ‘biggest and most complex’ deal ever As the Organization of the Petroleum Exporting Countries and its allies came to an agreement on a record cut in oil production, U.S. President Donald Trump may have struck his “biggest and most complex deal,” according to oil […]

A Trump Stabilized Energy Market to Support Stocks

A Trump Stabilized Energy Market to Support Stocks

$USO $OIL Just In: The Saudi energy minister said Sunday that effective Crude Oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5-M BPD because of higher output in April from Saudi Arabia, the United Arab Emirates and Kuwait. Sunday, an agreement by Crude Oil producing nations to […]

President Trump Announces OPEC+ Agree to Nearly 10-M BPD Cut

President Trump Announces OPEC+ Agree to Nearly 10-M BPD Cut

Sunday, President Trump lauded a deal among the world’s Top Crude Oil producers to cut global petroleum output, saying it will save jobs in the US energy industry. “This will save hundreds of thousands of energy jobs in the United States,” President Trump said, adding that he thanked and congratulated Russian President Vladimir Putin and […]

Gold 1 OZ (XAU=X) Scarcity Versus the Fed’s Printing Press

Gold 1 OZ (XAU=X) Scarcity Versus the Fed’s Printing Press

Gold 1 OZ (XAU=X) Scarcity Versus the Fed’s Printing Press Gold futures hit a seven-year high on Thursday as another week of massive filings for unemployment benefits and widespread measures by the U.S. Federal Reserve to reinforce the economy strengthened demand for the precious metal as an investment. The Fed announced as much as $2.3 […]

3 Top Gold Miners, All Strong Buys

3 Top Gold Miners, All Strong Buys

$GOLD, $BTG, $NEM In times of high volatility, precious metals see increased purchases as investors seek a safe-haven. Gold is the tradition safe-play, the place where savvy investors can put their money and watch it hold its value. With gold in a long term uptrend, stock investors are buying in to and they are doing […]

ETFs are Making ‘Record Purchases’ of the Precious Yellow Metal

ETFs are Making ‘Record Purchases’ of the Precious Yellow Metal

$GLD, $XAU $GOLD $NEM Thursday, Gold prices spiked after the Trump Fed announced a $2.3-B ‘Big Bang’ lending program to cushion Main Street from disruptions caused by the COVID-19 coronavirus. Gold futures for April delivery climbed 4.25% to over 1,736.20 oz to close at their highest mark since December 2012. In the last 6 wks there have huge […]

United States Oil (USO) – Donald Trump is trying to drive up the price of oil

United States Oil (USO) – Donald Trump is trying to drive up the price of oil

United States Oil (USO) – Donald Trump is trying to drive up the price of oil For more than three decades, U.S. presidents proclaimed cheap fuel as an almost God-given right for American motorists and homeowners, shaping the country’s foreign policy in pursuit of lower prices. As president, Trump didn’t just back cheap crude, he […]

Gold ETF Assets Saw Their Largest ever Quarterly Gainer in Q-1 Y 2020

Gold ETF Assets Saw Their Largest ever Quarterly Gainer in Q-1 Y 2020

$GLD $XAU Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies. Flows in ETFs highlight short-term and long-term opinions and desires to holding gold. The data tracks gold held in physical form by open-ended ETFs and […]

Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond

Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond

Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond Gold markets have been relatively quiet during the trading session on Wednesday after peeking through the $1700 level on Tuesday. By given back gains the way the market has, it ended up forming the shooting star during the Tuesday session which in […]

Silver 1 OZ 999 NY (XAG=X) continues to move higher as markets are optimistic that coronavirus will be contained

Silver 1 OZ 999 NY (XAG=X) continues to move higher as markets are optimistic that coronavirus will be contained

Silver 1 OZ 999 NY (XAG=X) continues to move higher as markets are optimistic that coronavirus will be contained Silver Holds Above $15.00 As Markets Believe That Virus Containment Measures Are Working Silver continues its upside move after it breached the 20 EMA level several days ago. Equity markets remain optimistic which also helps precious metals in […]

Gold, “Buying at these marks is attractive to investors”

Gold, “Buying at these marks is attractive to investors”

$XAU $GLD Gold prices in Asia are trading lower Wednesday morning despite continuing economic uncertainty. The precious Yellow metal continued its losses from the previous session as gold futures were down 0.22% to 1,680 by 9:33 PM ET (2:33 AM GMT). Gold prices tend to move in the opposite direction from stocks, but the 2 moved in the same direction for the 2nd day running. Asian stock markets opened mixed Wednesday with some […]

United States Oil (USO) state senators to talk crude markets with Saudi officials Saturday -source

United States Oil (USO) state senators to talk crude markets with Saudi officials Saturday -source

United States Oil (USO) state senators to talk crude markets with Saudi officials Saturday -source Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom’s officials on Saturday, a source familiar with the planning […]

Silver 1 OZ 999 NY (XAG=X) Markets Pressing Major Resistance

Silver 1 OZ 999 NY (XAG=X) Markets Pressing Major Resistance

Silver 1 OZ 999 NY (XAG=X) Markets Pressing Major Resistance Silver markets have rallied a bit during the trading session on Monday, reaching towards the $15 level. Keep in mind that silver is not only a precious metal, but it is also an industrial one. That being the case, it makes sense that as the silver […]

Analysts forecast the Gold 1 OZ (XAU=X) to hit $1900 an ounce in weeks

Analysts forecast the Gold 1 OZ (XAU=X) to hit $1900 an ounce in weeks

Analysts forecast the Gold 1 OZ (XAU=X) to hit $1900 an ounce in weeks Gold futures rallied for the fifth consecutive day, surging above $1,700 an ounce to the highest since 2012, underpinned by ample liquidity in the wake of massive economic stimulus packages initiated worldwide to contain coronavirus epidemic as precious metals analysts forecast […]

Gold’s Rally Tightens the Physical Market

Gold’s Rally Tightens the Physical Market

$XAU $GLD $XAG $SLV $PLAT $USD $JPY $MTA Gold prices spiked up Monday, extending a 3-session rally Monday gold futures for delivery on the COMEX exchange were up nearly 3% or +47.60 at 1693.30 just shy of the intra-day high at 1695.90. That was the highest mark in 2 wks, in a rally driven by […]

United States Oil (USO) Prices Rally as Saudi-Russian Deal “Very, Very Close”

United States Oil (USO) Prices Rally as Saudi-Russian Deal “Very, Very Close”

United States Oil (USO) Prices Rally as Saudi-Russian Deal “Very, Very Close” Oil prices rallied in Asia on Tuesday from a dramatic 8%-fall in their last session. International Brent Oil Futures rose 2.43% to $34.11 by 9:52 PM ET (2:52 AM GMT) and U.S. Crude Oil WTI Futures jumped 4.1% to $27.15. Russian Direct Investment […]

Ethereum: USD/ETH (ETH=) price is now trading in a strong uptrend above $158

Ethereum: USD/ETH (ETH=) price is now trading in a strong uptrend above $158

Ethereum: USD/ETH (ETH=) price is now trading in a strong uptrend above $158 After forming a support base above the $130 level, Ethereum price started a fresh increase against the US Dollar. ETH price broke the key $150 resistance to move into a positive zone. There was a close above the $158 level and the […]

Silver 1 OZ 999 NY (XAG=X) Gains Ground Despite Stronger U.S. Dollar As Optimism Is Widespread

Silver 1 OZ 999 NY (XAG=X) Gains Ground Despite Stronger U.S. Dollar As Optimism Is Widespread

Silver 1 OZ 999 NY (XAG=X) Gains Ground Despite Stronger U.S. Dollar As Optimism Is Widespread Despite the continued strength of the U.S. dollar, silver is trying to get through the major resistance near the 20 EMA in the $14.50 – $14.70 area. The U.S. Dollar Index continues its upside move and is currently trying […]

United States Oil (USO) jittery as Saudi Arabia-Russia talks delayed

United States Oil (USO) jittery as Saudi Arabia-Russia talks delayed

United States Oil (USO) jittery as Saudi Arabia-Russia talks delayed Global oil prices remain on edge after Saudi Arabia and Russia postponed a meeting about a deal to cut output as the virus pandemic hits demand. The two countries have been locked in an oil price war for the last month. Traders are concerned that, […]

Gold Bugs Welcome 2020

Gold Bugs Welcome 2020

$XAU $GLD $XAG $SLV $USD Welcome to Y 2020. As the COVID-19 coronavirus brings economies around the world to a standstill, gold is rivaling Treasuries and the Buck as the best-performing major asset so far this year. The precious Yellow metal proved its safe-haven status with a 6% rally as nearly $16-T was wiped off […]

Gold 1 OZ (XAU=X) could face additional selling pressure if employment data sours sentiment

Gold 1 OZ (XAU=X) could face additional selling pressure if employment data sours sentiment

Gold 1 OZ (XAU=X) could face additional selling pressure if employment data sours sentiment Gold prices could suffer after the minutes from the Federal Reserve’s emergency meeting on March 15 are released. That day, Chairman Jerome Powell announced that the central bank cut itstarget range for its benchmark Fed Funds interest rate to 0.00-0.25 percent. […]

Mexico’s Recent Mine Shutdown Will Limit Silver 1 OZ 999 NY (XAG=X) Supply

Mexico’s Recent Mine Shutdown Will Limit Silver 1 OZ 999 NY (XAG=X) Supply

Mexico’s Recent Mine Shutdown Will Limit Silver 1 OZ 999 NY (XAG=X) Supply Yesterday’s strength has turned into a test of a key resistance level near the 20 EMA at $14.60. At this point, the attempt to breach the resistance was unsuccessful, but silver may make an attempt to get through the key resistance level in the […]

Tariffs on Oil Imports to Protect US Energy Workers, President Trump says, “I couldn’t care less about OPEC”

Tariffs on Oil Imports to Protect US Energy Workers, President Trump says, “I couldn’t care less about OPEC”

$USO Saturday, President Trump said he would impose tariffs on crude imports if he has to “protect” US energy workers from the Crude Oil price dive that has been exacerbated by a war between Russia and Saudi Arabia over market share. “If I have to do tariffs on oil coming from outside or if I […]

Crude Oil Responds to President Trump’s Efforts to Stabilize the World Market

Crude Oil Responds to President Trump’s Efforts to Stabilize the World Market

$DIA $SPY $QQQ $RUTX $USO $OIL $VXX Friday afternoon, President Trump met with Big Oil company executives at the White House to discuss this Oil price decline threatening their businesses, brought on by the coronavirus outbreak and a Saudi-Russia price war. “We will work this out and we will get our energy business back,” President Trump […]

United States Oil (USO) falls on scepticism over Trump’s Saudi-Russia output deal

United States Oil (USO) falls on scepticism over Trump’s Saudi-Russia output deal

United States Oil (USO) falls on scepticism over Trump’s Saudi-Russia output deal Oil prices fell on Friday, coming off their biggest one-day gains in the previous session, after US President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce US production. Brent […]

Gold, the Safe-haven Investment Alternative

Gold, the Safe-haven Investment Alternative

$DIA $SPY $QQQ $RUTX $VXX $GLD $XAU $USD Gold Dealers Report Big Shortages of Small Bars and Coins Gold has been and is the traditional safe-haven of choice for investors looking to protect themselves against stock market dives. When Bear markets come on, gold often performs very well. Gold is off a bit this Spring, […]

Covid-19 hits Silver 1 OZ 999 NY (XAG=X) to a ten-year-plus low

Covid-19 hits Silver 1 OZ 999 NY (XAG=X) to a ten-year-plus low

Covid-19 hits Silver 1 OZ 999 NY (XAG=X) to a ten-year-plus low The coronavirus pandemic has hit silver to a ten-year-plus low, according to the Refinitiv GFMS annual Silver Market Review 2019, which includes provisional supply and demand estimates for 2020. After rising to a five-month high by late February, the silver price experienced a […]

Gold 1 OZ (XAU=X) Markets Gap And Go On Thursday

Gold 1 OZ (XAU=X) Markets Gap And Go On Thursday

Gold 1 OZ (XAU=X) Markets Gap And Go On Thursday Gold markets gapped to open up the session on Thursday and then shot straight up in the air. We reached towards the top of the bearish candle from Tuesday, but then pulled back slightly midday. Ultimately, this is a market that is probably being used for […]

United States Oil (USO) Surges on China Stockpiling

United States Oil (USO) Surges on China Stockpiling

United States Oil (USO) Surges on China Stockpiling U.S. equity futures rose with European stocks on Thursday as investors braced for the latest unemployment data from the world’s biggest economy. Oil surged after China unveiled plans to boost its reserves. Contracts on the main U.S. equity benchmarks all climbed following steep losses for the underlying […]

Gold is the ‘Go To’ Asset in Times of Crisis

Gold is the ‘Go To’ Asset in Times of Crisis

$XAU $GLD Gold Dealers Report Big Shortages of Bars and Coins Most in Demand, as People Want to Buy Gold. Gold is seeking a steady mark for its next move North, as President Trump’s warning of a “very painful” time for the United States from the coronavirus and a fresh selloff on Wall Street sent […]

Silver 1 OZ 999 NY (XAG=X) looking very much like a market that is ready to rollover

Silver 1 OZ 999 NY (XAG=X) looking very much like a market that is ready to rollover

Silver 1 OZ 999 NY (XAG=X) looking very much like a market that is ready to rollover Silver markets have been drifting a bit lower over the last couple of days, as we said above the $14.00 level. If we can break down below that level, then it’s likely that we go much lower, perhaps down […]

Gold 1 OZ (XAU=X) gains as virus-led economic concerns boost safety buying

Gold 1 OZ (XAU=X) gains as virus-led economic concerns boost safety buying

Gold 1 OZ (XAU=X) gains as virus-led economic concerns boost safety buying Gold prices firmed on Wednesday as investors sought safe-haven assets after sombre U.S. economic data exacerbated fears of an economic downturn amid increasing global restrictions and lockdowns to combat the coronavirus pandemic. Spot gold was up 0.9% at $1,585.08 an ounce by 11:02 […]

Gold Price Futures Technicals: Support and Resistance

Gold Price Futures Technicals: Support and Resistance

$GC $XAU $GLD Just in: Gold rose more than 1% Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at 1,592.83 per ounce by 0730 GMT, having slumped 3.1% in the prior session on a […]

Gold 1 OZ (XAU=X) on track for a sixth straight quarterly rise

Gold 1 OZ (XAU=X) on track for a sixth straight quarterly rise

Gold 1 OZ (XAU=X) on track for a sixth straight quarterly rise Gold prices dipped over 2% to their lowest in a week on Tuesday as the dollar firmed, but the metal was on track for a sixth straight quarterly rise on concerns of global economic damage due to the coronavirus pandemic. Spot gold fell 0.8% […]

Silver 1 OZ 999 NY (XAG=X) showing signs of exhaustion

Silver 1 OZ 999 NY (XAG=X) showing signs of exhaustion

Silver 1 OZ 999 NY (XAG=X) showing signs of exhaustion Silver markets did very little during the trading session to dissuade the sellers as we have been struggling to find direction. The market has recently pull back from the $15.00 level and it looks very likely that we are going to continue to see more bearish […]

United States Oil (USO) – Trump, Putin agree to talks on energy market stabilization

United States Oil (USO) – Trump, Putin agree to talks on energy market stabilization

United States Oil (USO) – Trump, Putin agree to talks on energy market stabilization Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks aimed at stabilizing energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide. Brent crude was up by 61 cents, […]

Gold 1 OZ (XAU=X) continue to form a bullish pendant pattern

Gold 1 OZ (XAU=X) continue to form a bullish pendant pattern

Gold 1 OZ (XAU=X) continue to form a bullish pendant pattern Gold prices moved lower for a second consecutive trading session and continue to form a bullish pendant pattern which is a consolidation pattern that eventually refreshes higher. This follows a large surge in prices last week.  Riskier assets traction on Monday recapturing the losses […]

Silver 1 OZ 999 NY (XAG=X) Key Support Level Is Tested While U.S. Dollar Rebounds

Silver 1 OZ 999 NY (XAG=X) Key Support Level Is Tested While U.S. Dollar Rebounds

Silver 1 OZ 999 NY (XAG=X) Key Support Level Is Tested While U.S. Dollar Rebounds U.S. dollar is finally rebounding against the broad basket of currencies following days of downside, and this rebound is putting pressure on silver. The U.S. Dollar Index, which has recently been close to the 104 level, has almost reached 98 […]

US Stocks Up, Crude Oil Down

US Stocks Up, Crude Oil Down

$DIA $SPY $QQQ $RUTX $OIL $USO $VXX DJIA Jumps 700 as Crude Oil Falls Below $20 to 18-Yr Lows US stocks rose Monday as investors look for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread of the coronavirus. The S&P healthcare sector jumped 4.67% on the […]

United States Oil (USO) hits 18-year low as lockdowns diminish demand

United States Oil (USO) hits 18-year low as lockdowns diminish demand

United States Oil (USO) hits 18-year low as lockdowns diminish demand Crude oil fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest level in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could evaporate further. Brent crude, the international […]

Gold: Conditions Setting Up for the Price to 2X

Gold: Conditions Setting Up for the Price to 2X

$XAU $GLD $USD Volatile stock markets and the outbreak of the coronavirus helped drive holdings in gold-backed ETFs to record highs in Y 2020. The buying is a clear indication of the prominent role of gold ETFs in investors’ portfolios, especially during periods of uncertainty and panic. Gold-backed ETFs saw $4.9-B of inflows in February, […]

Understanding the Impact of the Crude Oil Price War on the Middle East

Understanding the Impact of the Crude Oil Price War on the Middle East

$OIL $USO $USG $USD Here is closer look at the ripple effects of plunging oil prices and a weak demand for the commodity, as well as predictions on how the industry will cope in the near- to long-term The Crude Oil markets have suffered from the 2X shock of the viral pandemic and politics, and […]

Gold 1 OZ (XAU=X) Prices Expected to Edge Up

Gold 1 OZ (XAU=X) Prices Expected to Edge Up

Gold 1 OZ (XAU=X) Prices Expected to Edge Up Gold prices edged up on Monday as the U.S dollar hovered near a two-week low touched in the previous session, while coronavirus lockdowns tightened across the world and stoked fears of economic damage, lifting demand for safe-haven bullion Spot gold was up 0.3% at $1,621.85 per ounce, as […]

Sentiment is a Volatile Motivator

Sentiment is a Volatile Motivator

$VXX $USD $GBP $EUR $XAU $GLD Keeping tabs on the overall market correlation across assets on the risk or safe haven side was my focus at the weekend. Even though things eased last week with over $5-T in sidelined cash coming back in just 4 days, circumstances might see it snap back into the Bear’s […]

United States Oil (USO) – Ten Signs the Oil Industry is Bent Out of Shape

United States Oil (USO) – Ten Signs the Oil Industry is Bent Out of Shape

United States Oil (USO) – Ten Signs the Oil Industry is Bent Out of Shape The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals. International […]

“My work shows that the ‘machine’ selling over the past 4 wks to Monday has peaked”

“My work shows that the ‘machine’ selling over the past 4 wks to Monday has peaked”

$DIA $SPY $QQQ $RUTX $BLK $CS $JPM Stocks extended their rally after the Senate and Fed took unprecedented measures to protect the US economy from the coronavirus shock, with Black Rock (NYSE:BLK), Credit Swiss (NYSE:CS) and other big Wall Street banks said Thursday night that the major US stock market indexes marked at an inflection […]

Gold 1 OZ (XAU=X) Higher as Buyers Bet on More Stimulus after Dismal Job Loss Report

Gold 1 OZ (XAU=X) Higher as Buyers Bet on More Stimulus after Dismal Job Loss Report

Gold 1 OZ (XAU=X) Higher as Buyers Bet on More Stimulus after Dismal Job Loss Report Gold futures are trading higher late in the session on Thursday after a record surge in U.S. jobless claims weakened the U.S. Dollar and drove up the odds of further government stimulus to combat the devastating effects of the […]

Silver 1 OZ 999 NY (XAG=X) Markets Show Hesitation

Silver 1 OZ 999 NY (XAG=X) Markets Show Hesitation

Silver 1 OZ 999 NY (XAG=X) Markets Show Hesitation Silver markets went back and forth during the trading session on Thursday, as we continue to bounce around just below the $15.00 level. At this point, the market is likely to see a lot of noise in this area, because it is such an important figure from […]

United States Oil (USO) Losses capped as U.S. Senate passes $2 trln stimulus

United States Oil (USO) Losses capped as U.S. Senate passes $2 trln stimulus

United States Oil (USO) Losses capped as U.S. Senate passes $2 trln stimulus Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity. Brent crude futures fell $1.04, or 3.75%, to […]

Gold Prices Finished Lower on Profit Taking

Gold Prices Finished Lower on Profit Taking

$XAU $GLD $USD Gold prices settled lower Wednesday, giving up some of Tuesdays gains when it marked its largest percentage rise in more than 10 yrs.. Commodity analysts attributed the retrenchment to some exhaustion after 2 strong sessions of gains for the precious Yellow metal, as the USS Congress comes closer to passing a $2-T+ American […]

Gold 1 OZ (XAU=X) Markets Test Highs Again But Fail

Gold 1 OZ (XAU=X) Markets Test Highs Again But Fail

Gold 1 OZ (XAU=X) Markets Test Highs Again But Fail Gold markets have initially tried to rally during the trading session on Wednesday but found trouble at the $1700 level again. By pulling back from there it shows just how resistive that area is, and perhaps more importantly for the future, what breaking above that level […]

Silver 1 OZ 999 NY (XAG=X) will continue to see plenty of pressure

Silver 1 OZ 999 NY (XAG=X) will continue to see plenty of pressure

Silver 1 OZ 999 NY (XAG=X) will continue to see plenty of pressure Silver markets initially tried to rally during the trading session after gapping higher and then pulling back to fill that gap. Furthermore, the market reached towards the $15.00 level before selling off yet again. At this point, the market looks likely that it […]

United States Oil (USO) prices still down about 45% so far this month

United States Oil (USO) prices still down about 45% so far this month

United States Oil (USO) prices still down about 45% so far this month Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets as the United States is expected to approve a massive aid package to stem the economic impact of the coronavirus pandemic. U.S. crude rose to a high of $25.24 a barrel early […]

Gold Price Futures Technical Analysis

Gold Price Futures Technical Analysis

$GC $XAU $GLD $USD Gold futures in New York soared for a 2nd session running Tuesday on continued reaction to the Fed’s extraordinary measures to help an economy ravished from the coronavirus pandemic and demand/supply issues. The Fed revealed Monday several programs including lending against student loans, credit card loans and US government backed-loans to […]

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