Gold 1 OZ (XAU=X) plenty of support near the $1550 level

Gold 1 OZ (XAU=X) plenty of support near the $1550 level

Gold 1 OZ (XAU=X) plenty of support near the $1550 level Gold markets pulled back a bit during the trading session on Thursday, as we continue to see plenty of support near the $1550 level. At this point, the market looks likely to see value hunters come back in every time we dip. Gold markets […]

United States Oil (USO), Canadian oil company bankruptcies surge 50 per cent in 2019

United States Oil (USO), Canadian oil company bankruptcies surge 50 per cent in 2019

United States Oil (USO), Canadian oil company bankruptcies surge 50 per cent in 2019 The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers Dallas law firm Haynes […]

Silver 1 OZ 999 NY (XAG=X) Falls Off 18.00 Pedestal

Silver 1 OZ 999 NY (XAG=X) Falls Off 18.00 Pedestal

Silver 1 OZ 999 NY (XAG=X) Falls Off 18.00 Pedestal Silver prices fell sharply on Tuesday, as the decline of 1.7% was the sharpest one-day drop since December 6. With a lack of U.S. fundamental releases until Thursday, any moves on Wednesday will be subject to technical factors, barring any major geopolitical developments. We’ll get […]

Gold 1 OZ (XAU=X) price eases as markets assess risks from China virus

Gold 1 OZ (XAU=X) price eases as markets assess risks from China virus

Gold 1 OZ (XAU=X) price eases as markets assess risks from China virus Gold prices fell on Wednesday, as the dollar firmed and investors assessed the risk of a global epidemic from a coronavirus outbreak from China that could have an impact on economic growth. Spot gold fell 0.3% to $1,553.27 per ounce by 0133 […]

United States Oil (USO) extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half

United States Oil (USO) extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half

United States Oil (USO) extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output. Brent crude was down […]

2020: Buy Gold, Bet on Emerging Markets

2020: Buy Gold, Bet on Emerging Markets

$XAU $GLD “Gold is a place you want to be. I think that it’s partly because its inversely correlated with interest rates. But it’s also an insurance policy when things go wrong,” David Rosenberg said. “There’s no such thing as a no-brainer, but this is close.” Gold is off to a terrific start this year […]

Gold 1 OZ (XAU=X) prices end lower as coronavirus threatens China buying

Gold 1 OZ (XAU=X) prices end lower as coronavirus threatens China buying

Gold 1 OZ (XAU=X) prices end lower as coronavirus threatens China buying Gold futures on Tuesday ended lower, pressured as China, one of the commodity’s biggest buyers, faced a viral outbreak that could hurt buying of physical gold at a peak holiday period. Prices for the gold, however, pared some of their earlier losses as […]

United States Oil (USO) Price Rises after Libyan Oilfield Shutdowns

United States Oil (USO) Price Rises after Libyan Oilfield Shutdowns

United States Oil (USO) Price Rises after Libyan Oilfield Shutdowns Oil price rose to its highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, Reuters reported. Brent crude LCOc1 futures were up by 74 cents, or 1.1%, to $65.59 by 0331 GMT, […]

Silver 1 OZ 999 NY (XAG=X) Yawns as Trump Touts ‘Phase One’

Silver 1 OZ 999 NY (XAG=X) Yawns as Trump Touts ‘Phase One’

Silver 1 OZ 999 NY (XAG=X) Yawns as Trump Touts ‘Phase One’ U.S. Ends Week with Mixed Numbers The U.S. ended a busy week with a host of releases on Friday. Construction numbers for December were mixed. Building permits fell to 1.42 million, down from 1.48 million a month earlier. Housing starts were unexpectedly strong, […]

Gold 1 OZ (XAU=X) gains on Yemen attacks

Gold 1 OZ (XAU=X) gains on Yemen attacks

Gold 1 OZ (XAU=X) gains on Yemen attacks Gold prices rose to their highest in more than a week on Monday, after a missile attack in Yemen over the weekend fanned geopolitical concerns and boosted the metal’s safe-haven appeal, while buying ahead of the Chinese New Year also lent support. Spot gold was up 0.3% at $1,560.89 per ounce […]

Gold 1 OZ (XAU=X) Momentum Shifts to Upside

Gold 1 OZ (XAU=X) Momentum Shifts to Upside

Gold 1 OZ (XAU=X) Momentum Shifts to Upside Gold futures closed higher on Friday for no obvious reason other than aggressive speculative buying. Some bullish traders claim they are buying because of political, geopolitical and economic worries. However, we’re not seeing any buying in the safe-haven U.S. Treasurys and Japanese Yen. Other traders are saying […]

2020: Wall Street Extends Rally Ahead of a Long Holiday Weekend

2020: Wall Street Extends Rally Ahead of a Long Holiday Weekend

$DIA, $SPY, $QQQ, $RUTX, $VXX As a reminder, the market will be closed on Monday for Martin Luther King Jr. Day. Friday: Overall, it was a relatively subdued session that had the potential for even more gainers, as housing starts rose to their highest level in 13 years in December, China’s industrial production rose more […]

United States Oil (USO) – US-China trade deal to shake up global crude oil flows

United States Oil (USO) – US-China trade deal to shake up global crude oil flows

United States Oil (USO) – US-China trade deal to shake up global crude oil flows Sharply higher Chinese purchases of US energy products as part of the China-US trade deal will shake up global crude oil trade flows if American supplies squeeze rival crudes out of the top oil import market, trade sources have said. […]

Silver 1 OZ 999 NY (XAG=X) Speculators Continue To Add Exposure

Silver 1 OZ 999 NY (XAG=X) Speculators Continue To Add Exposure

Silver 1 OZ 999 NY (XAG=X) Speculators Continue To Add Exposure It’s been a tough week for investors in the metals market, with the prevailing sentiment flipping from excitement to check the morning prices following Middle East tensions to disgust almost overnight. While silver (SLV) prices briefly challenged stiff resistance at the $18.45/oz level during […]

United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin

United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin

United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese […]

President Trump Inks P-1 of China Trade Deal: DJIA, S&P 500 Close at Record Highs

President Trump Inks P-1 of China Trade Deal: DJIA, S&P 500 Close at Record Highs

$DIA $SPY, $QQQ, $RUTX, $VXX Wednesday, the DJIA closed above 29,000 for the 1st time plus the S&P 500 closed at a record high after the United States and China signed the Phase 1 trade agreement and pledged to resolve the 2 yr tariff dispute. The centerpiece of the agreement is a pledge by China […]

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. Brent crude […]

Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations

Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations

Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations Silver prices followed a similar trajectory to gold, though it looks as if its half-way through its bearish correction as it eyes support at 17.440. Cracking this floor would open the door to testing the December 20-low at 17.181. However, […]

Gold 1 OZ (XAU=X) price falls as investors look beyond safe-haven assets

Gold 1 OZ (XAU=X) price falls as investors look beyond safe-haven assets

Gold 1 OZ (XAU=X) price falls as investors look beyond safe-haven assets Gold slipped to an over one-week low on Tuesday as strength in equities markets and hopes for a smooth signing of the US-China phase 1 trade deal tarnished bullion’s safe-haven appeal, while palladium rose to a record high. Spot gold dipped 0.3% to […]

Gold Miners at Key Support Marks

Gold Miners at Key Support Marks

$XAU, $GLD, $GDX, $GDXJ, $SLV After bottoming in November, GDX has underperformed and failed to make new highs while gold spiked above 1600 on geopolitical concerns. The next few days are Key. To maintain the potential for an immediate breakout, miners must hold support and turn higher. Failing to keep this level and closing below […]

Silver 1 OZ 999 NY (XAG=X) Slipping as Risk Appetite Returns

Silver 1 OZ 999 NY (XAG=X) Slipping as Risk Appetite Returns

Silver 1 OZ 999 NY (XAG=X) Slipping as Risk Appetite Returns December was all roses for silver, which jumped 4.9% on the month. The upswing continued into the New Year, after a U.S. drone attack killed an Iranian general and Iran retaliated with a missile attack on U.S. bases in Iraq. Tensions rose to a […]

Gold 1 OZ (XAU=X) futures fall to their lowest finish in almost 2 weeks

Gold 1 OZ (XAU=X) futures fall to their lowest finish in almost 2 weeks

Gold 1 OZ (XAU=X) futures fall to their lowest finish in almost 2 weeks Gold futures marked a second session decline on Tuesday, settling at their lowest since Jan. 2, with strength in the U.S. stock market and a phase one U.S.-China trade deal expected to be signed this week, dulling haven demand for the […]

United States Oil (USO) falls 1% as focus shifts to high U.S. fuel stocks

United States Oil (USO) falls 1% as focus shifts to high U.S. fuel stocks

United States Oil (USO) falls 1% as focus shifts to high U.S. fuel stocks Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following last week’s bearish U.S. report showing a large fuel stockbuilds. Brent crude <LCOc1> settled down 78 cents at $64.20 […]

Gold Market Pulls Back

Gold Market Pulls Back

$XAU, $GLD Gold markets initially pulled back during the trading session Monday but turned around to recover some. It is currently hanging around the 1550 mark, an area that had seen a gap higher previously. The markets are trying to feel out whether or not there is a “risk on” or “risk off” flavor to everything. […]

Silver 1 OZ 999 NY (XAG=X) Retracts, Falls Below 18.00

Silver 1 OZ 999 NY (XAG=X) Retracts, Falls Below 18.00

Silver 1 OZ 999 NY (XAG=X) Retracts, Falls Below 18.00 Silver has started the week with slight losses, erasing most of the gains seen on Friday. Currently, silver is trading at $17.95, down $0.14 or 0.81% on the day. Silver Retracts, Falls Below 18.00 Last week’s dramatic events in the Middle East triggered sharp volatility in […]

Gold 1 OZ (XAU=X) slips as U.S., China due to sign trade deal on Wednesday

Gold 1 OZ (XAU=X) slips as U.S., China due to sign trade deal on Wednesday

Gold 1 OZ (XAU=X) slips as U.S., China due to sign trade deal on Wednesday Gold prices fell 1% on Monday as optimism in equity markets ahead of the signing of an interim U.S.-China trade deal and lack of further escalation in Middle East tensions diminished bullion’s safe-haven appeal. The U.S.-China Phase 1 agreement is […]

United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil

United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil

United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil Treasury Secretary Steven Mnuchin said he is working with China to cut off the minimal flow of Iranian oil exports to the country on “Sunday Morning Futures” with Maria Bartiromo. “We’ve cut off probably over 95% of the oil revenues, so there’s a […]

Silver 1 OZ 999 NY (XAG=X) Markets Continue To Show Plenty Of Volatility

Silver 1 OZ 999 NY (XAG=X) Markets Continue To Show Plenty Of Volatility

Silver 1 OZ 999 NY (XAG=X) Markets Continue To Show Plenty Of Volatility Silver markets went back and forth during the course of the week, eventually settling on a relatively unchanged candle. By forming the massive shooting star that we have, it shows that the previous uptrend line is in fact trying to keep this […]

Gold 1 OZ (XAU=X) reaches $1,559 as market observes tensions

Gold 1 OZ (XAU=X) reaches $1,559 as market observes tensions

Gold 1 OZ (XAU=X) reaches $1,559 as market observes tensions Gold just hit a new 52-week high before backing off a bit. Oil just exceeded its September peak before the serious profit taking showed up. The volatility index is showing a series of higher lows even as the S&P 500 hits new highs. That’s a […]

Gold Prices Set Up to Pull Back

Gold Prices Set Up to Pull Back

$XAU $GLD Gold markets had a volatile week, breaking above the 1600 mark fell rto form a Shooting Star. The pattern was at the recent highs, so, it is likely that the market is ready to pull back from here. By breaking below the bottom of the weekly candlestick, it is likely that the longer-term trade […]

United States Oil (USO) up, stocks down after Iran missile attack on US troops

United States Oil (USO) up, stocks down after Iran missile attack on US troops

United States Oil (USO) up, stocks down after Iran missile attack on US troops Oil prices rose and global stock markets fell Wednesday after Iran fired missiles at U.S. bases in Iraq in retaliation for the killing of an Iranian general. Brent crude futures, the benchmark for international oils, spiked more than $3 per barrel […]

Gold & Silver: Not a Top, but a Mid-Cycle Correction

Gold & Silver: Not a Top, but a Mid-Cycle Correction

$XAU, $GLD, $XAG, $SLV, $USD Gold’s entered a gentle climb North after marking the 12 November lows. It was not until the Thursday before Christmas when prices verified a cyclical breakout. The initial breakout surge is slowing as the precious Yellow metal enters a mid-cycle correction. Key support is between 1520 – 1540. Once completed, […]

Silver 1 OZ 999 NY (XAG=X) Slides as Mideast Tensions Fade

Silver 1 OZ 999 NY (XAG=X) Slides as Mideast Tensions Fade

Silver 1 OZ 999 NY (XAG=X) Slides as Mideast Tensions Fade Silver prices continue to show volatility this week. On Wednesday, silver jumped as high as 18.86 after reports that Iran had launched missile attacks on two U.S. military bases in Iraq. Although the Iranians claimed that the attack killed 80 U.S. soldiers, the U.S. […]

Gold 1 OZ (XAU=X) slides from near 7-year peak as U.S.-Iran fears subside

Gold 1 OZ (XAU=X) slides from near 7-year peak as U.S.-Iran fears subside

Gold 1 OZ (XAU=X) slides from near 7-year peak as U.S.-Iran fears subside Gold prices slid on Thursday, retreating further from a near 7-year peak scaled in the previous session as tensions between the U.S. and Iran eased following conflict over the U.S. killing of an Iranian general.Spot gold fell 0.5% to $1,547.72 per ounce […]

United States Oil (USO) prices sink after roller-coaster ride amid U.S.-Iran tensions

United States Oil (USO) prices sink after roller-coaster ride amid U.S.-Iran tensions

United States Oil (USO) prices sink after roller-coaster ride amid U.S.-Iran tensions Oil prices plunged over 4 percent on Wednesday after a roller-coaster ride as market participants assessed the possibility of a global crude supply disruption by monitoring the latest development of U.S.-Iran tensions. The United States killed Major General Qassem Soleimani, commander of Iran’s […]

Metalla Royalty & Streaming Ltd. (MTA)Begins Trading on the NYSE American Exchange

Metalla Royalty & Streaming Ltd. (MTA)Begins Trading on the NYSE American Exchange

$MTA Metalla Royalty & Streaming Ltd. (TSXV: MTA) (NYSEAMERICAN: MTA) is pleased to announce that its common shares commenced trading the NYSE American, LLC at market open Wednesday under ticker symbol “MTA”. Metalla’s common shares will continue to trade on the TSX Venture Exchange under the ticker symbol MTA. Concurrent with the commencement of trading on the […]

Silver 1 OZ 999 NY (XAG=X) Update: Likely to Back Off Short Term

Silver 1 OZ 999 NY (XAG=X) Update: Likely to Back Off Short Term

Silver 1 OZ 999 NY (XAG=X) Update: Likely to Back Off Short Term Silver has shown strong moves in both directions on Wednesday, as the markets remain jumpy in the aftermath of the U.S. drone strike which killed an Iranian general and sent shock waves across the Middle East. Currently, silver is trading at $18.41, up […]

Gold 1 OZ (XAU=X) Prices Rise Above $1,600 on Simmering U.S.-Iran Tensions

Gold 1 OZ (XAU=X) Prices Rise Above $1,600 on Simmering U.S.-Iran Tensions

Gold 1 OZ (XAU=X) Prices Rise Above $1,600 on Simmering U.S.-Iran Tensions Gold prices hit $1,613 an ounce on Jan 7, triggered by reports that Iran launched more than a dozen missiles at two U.S. military bases in Iraq. This was in retaliation to the U.S airstrike on direct orders from President Donald Trump that […]

United States Oil (USO) spikes after Iran attacks US forces

United States Oil (USO) spikes after Iran attacks US forces

United States Oil (USO) spikes after Iran attacks US forces The price of oil spiked Wednesday (Jan 8) after Iran launched revenge attacks on US forces in Iraq, making good on its pledge to hit back over the killing of its top general. The main US contract rocketed by more than 4.5 per cent as […]

Gold: Would Not Chase it in Here

Gold: Would Not Chase it in Here

$XAU $GLD $USD Do not be surprised if gold moves to consolidate its gains or correct after this jump in prices, a big downturn is not likely on the cards if that happens. Gold’s latest rally comes on back of last week’s US airstrike near Baghdad’s airport that killed General Qassem Soleimani, 1 of Iran’s Top military […]

Nervous Investors Snap up Gold and Silver 1 OZ 999 NY (XAG=X)

Nervous Investors Snap up Gold and Silver 1 OZ 999 NY (XAG=X)

Nervous Investors Snap up Gold and Silver 1 OZ 999 NY (XAG=X) Silver has steadied on Tuesday, after posting gains at the start of the week. Currently, silver is trading at $18.11, down $0.01 or 0.07% on the day. On the fundamental front, the U.S. releases ISM Non-Manufacturing PMI. The index continues to point to expansion […]

Oil and Gold 1 OZ (XAU=X) prices rise amid US-Iran uncertainty

Oil and Gold 1 OZ (XAU=X) prices rise amid US-Iran uncertainty

Oil and Gold 1 OZ (XAU=X) prices rise amid US-Iran uncertainty As geopolitical tensions mount between the U.S. and Iran, oil prices spiked on Monday and gold prices surged in response to the uncertainty. U.S. officials confirmed Qassem Soleimani, the leader of Iran’s Quds Force, was killed late Thursday in a U.S. airstrike that targeted […]

United States Oil (USO) touches $70 as US-Iran clash sparks concerns over supplies

United States Oil (USO) touches $70 as US-Iran clash sparks concerns over supplies

United States Oil (USO) touches $70 as US-Iran clash sparks concerns over supplies Oil extended its gains, briefly surpassing $70 a barrel in London for the first time since September, as Middle East tensions flared after the U.S. assassinated one of Iran’s most powerful generals. Futures rose as much as 3.1% on Monday as the […]

Gold Prices Surge, Bullion Nears 1600 oz.

Gold Prices Surge, Bullion Nears 1600 oz.

$GLD, $XAU, $SLV, $XAG, $USD, $NEM Gold rods to its highest mark since Y 2013 in the US session Monday, as rising tensions in the Middle East drives demand for havens, with Goldman Sachs (NYSE:GS) seeing more room to run. Palladium, the most precious, extended gains to a fresh record. Bullion neared 1,600 oz after […]

2020: What to Watch For in Commodities

2020: What to Watch For in Commodities

$DIA $SPY $QQQ, $RUTX, $VXX, $SOY, $CORN, $XAU, $CU, $USO This is our 1st What to Watch in the commodities sector, it is an overview of what to expect. The picture mixed, complex picture that emerges. The list covers oil, gold, copper, iron ore, pork and more. The year’s 1st full week of trading could […]

Gold 1 OZ (XAU=X) Analyst warn of a near-term market top in prices

Gold 1 OZ (XAU=X) Analyst warn of a near-term market top in prices

Gold 1 OZ (XAU=X) Analyst warn of a near-term market top in prices Gold futures on Monday marked their highest settlement since April of 2013, as the killing last week of a top Iranian military commander, Qassem Soleimani, reverberated through financial markets, momentarily upending appetite for assets considered risky and boosting traditional haven assets like […]

United States Oil (USO) hits $70 as Iran exits nuclear deal, tensions intensify

United States Oil (USO) hits $70 as Iran exits nuclear deal, tensions intensify

United States Oil (USO) hits $70 as Iran exits nuclear deal, tensions intensify Oil extended its dramatic price surge as the fallout between the US and Iran escalated after the assassination of one of the Islamic Republic’s most powerful generals. Futures jumped above $70 a barrel in London as the US State Department said there’s […]

Gold 1 OZ (XAU=X) Surge Following US Attack on Iranian General

Gold 1 OZ (XAU=X) Surge Following US Attack on Iranian General

Gold 1 OZ (XAU=X) Surge Following US Attack on Iranian General Gold prices surged on Friday following President Trump’s decision to order an airstrike that killed a powerful Iranian military leader. The preemptive action put pressure on riskier assets as Tehran vowed to avenge the death of General Qassem Soleimani. The action is likely just […]

United States Oil (USO) market continues to see robust crude oil production from the USA, Canada, and Brazil

United States Oil (USO) market continues to see robust crude oil production from the USA, Canada, and Brazil

United States Oil (USO) market continues to see robust crude oil production from the USA, Canada, and Brazil Oil prices treaded water before settling slightly higher on the first trading day of 2020 amid concerns that U.S. crude production could rebound strongly. West Texas Intermediate, the U.S. crude benchmark, settled up 12 cents, or 0.2%, […]

Silver 1 OZ 999 NY (XAG=X) Punches Above 18.00, Hits Wall

Silver 1 OZ 999 NY (XAG=X) Punches Above 18.00, Hits Wall

Silver 1 OZ 999 NY (XAG=X) Punches Above 18.00, Hits Wall Silver Punches Above 18.00, Hits Wall Silver recorded solid gains last week, climbing 3.3 percent. The upward swing has continued this week, with gains of close to one percent. For the month of December, silver was up an impressive 4.8 percent. So what’s wrong […]

Gold 1 OZ (XAU=X) prices could test $1,540/oz next

Gold 1 OZ (XAU=X) prices could test $1,540/oz next

Gold 1 OZ (XAU=X) prices could test $1,540/oz next Gold prices edged higher on Thursday as the dollar hovered near a six-month low hit on New Year’s Eve amid bets U.S. economic outperformance could be coming to an end. GMT, after having touched their highest since Sept. 25 at $1,525.20 on Tuesday. Bullion ended 2019 […]

United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions

United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions

United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions Oil prices kicked off the new year higher on Thursday as warming trade relations between the United States and China eased demand concerns, while rising tensions in the Middle East fueled worries about supply.Global benchmark. Brent crude futures, were up 22 cents, or 0.3%, […]

Gold 2020: Prices Rise as the USD Falls

Gold 2020: Prices Rise as the USD Falls

$XAU, $GLD, $USD Gold prices moves higher as USD eases, and an Iranian-backed militia stormed the US Embassy in the Iraqi capital Tuesday. US short term yields moved lower weighing on the interest rate differential, which put downward pressure on the Buck and paved the way for higher gold prices. Technical Analysis: Gold prices moved […]

Gold 1 OZ (XAU=X) Prices Rise as the Dollar Drops

Gold 1 OZ (XAU=X) Prices Rise as the Dollar Drops

Gold 1 OZ (XAU=X) Prices Rise as the Dollar Drops Gold prices moved higher as the dollar continued to ease, and an Iranian-backed militia tried to storm the US Embassy in the Iraqi capital Tuesday. This comes from an intensifying backlash against the US after it conducted deadly strikes on the group. US short term […]

The Financial Markets in Year of the Rat 2020

The Financial Markets in Year of the Rat 2020

$DIA, $SPY, $QQQ, $RUTX, $XRT, $IWM Our New Year is here and we are just a few weeks away from the Chinese New Year, so not too early to share some of my favorite Chinese Astrologer’s thoughts on the coming Year of the Rat, he is famous for his predictions, but not perfect. The background: […]

United States Oil (USO) on Track for Best Year Since 2016 as Supply Concerns Ease

United States Oil (USO) on Track for Best Year Since 2016 as Supply Concerns Ease

United States Oil (USO) on Track for Best Year Since 2016 as Supply Concerns Ease Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost. Futures in New York held near a three-month high Monday. American crude […]

Silver 1 OZ 999 NY (XAG=X) Gains Ground

Silver 1 OZ 999 NY (XAG=X) Gains Ground

Silver 1 OZ 999 NY (XAG=X) Gains Ground Silver prices moved considerably higher during Christmas week, posting gains of 3.4 percent and testing the symbolic 18.00 level. This marked silver’s best week since late August. Equity markets and precious metals are enjoying late-year rallies. Silver and gold, which are safe-haven assets metals, often weaken when risk […]

Gold 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months

Gold 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months

Gold 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months Gold prices clinched a 5-day win streak, its longest in about 6 months, while settling near a three-month high as investors got ready for the end of 2019 with one day remaining in trade. Bullion’s value has been partially […]

The Next United States Oil (USO) Boom Is Happening Here

The Next United States Oil (USO) Boom Is Happening Here

The Next United States Oil (USO) Boom Is Happening Here ust as the U.S. shale industry is slowing down, oil production in other non-OPEC countries is on the rise. Output in U.S. shale grew substantially in 2019, although at a slower rate than in years past. More importantly, as investors lose interest and capital markets […]

The Top Gold Stocks Breaching the Overhead Resistance

The Top Gold Stocks Breaching the Overhead Resistance

$GOLD, $NEM, $FNV, $WPM, $XAU, Gold is waking up into year’s end, and so are gold stocks. With stocks booming in Q-4, demand for precious metals has ebbed a bit. But, gold and gold stocks are seeing massive money inflows too. Shares of the world’s Top gold miners are breaching resistance are returning to uptrending […]

Festive price breakout heralds a glittering 2020 for Gold 1 OZ (XAU=X)

Festive price breakout heralds a glittering 2020 for Gold 1 OZ (XAU=X)

Festive price breakout heralds a glittering 2020 for Gold 1 OZ (XAU=X) While Western investors revelled in the festive season, the price of gold made a decisive breakout from the trading range that stopped its summer advance. This should mean an early resumption of the bull market for the yellow metal in new year, albeit […]

United States Oil (USO) extends gains

United States Oil (USO) extends gains

United States Oil (USO) extends gains Oil rose for a third session as an industry report showed American inventories shrank and as optimism over a partial U.S.-China trade deal grew. Futures rose as much as 0.7% in New York, extending gains as trading resumed after the Christmas break. Prices are up more than 11% in […]

Gold Closed Above $1500 on Pace to Best Year Since 2010

Gold Closed Above $1500 on Pace to Best Year Since 2010

$GLD, $XAU, $SLV, $USD, $JPM, $GS, $UBS Gold rose for a 4th session running, topping 1,500 oz and on pace for its best annual gainer since Y 2010. The precious Yellow metal marked a 7-wk high on the breakout as investors positioned for Y 2020, with post-Christmas gains coming even as global equities inched higher and US-China […]

Silver 1 OZ 999 NY (XAG=X) testing the bottom of an uptrend line that has been broken

Silver 1 OZ 999 NY (XAG=X) testing the bottom of an uptrend line that has been broken

Silver 1 OZ 999 NY (XAG=X) testing the bottom of an uptrend line that has been broken Silver markets have rallied significantly during the trading session on Tuesday, reaching towards the $17.85 level as I record this. That being said though, we are testing the bottom of an uptrend line that had been broken. If […]

Gold 1 OZ (XAU=X) price marks highest finish in more than 8 weeks

Gold 1 OZ (XAU=X) price marks highest finish in more than 8 weeks

Gold 1 OZ (XAU=X) price marks highest finish in more than 8 weeks Gold futures settled above $1,500 an ounce Thursday, marking a third session of gains in a row and the highest finish for the precious metal since the end of October. Bullish gold investors say bullion has benefited in recent trade on doubts […]

United States Oil (USO) holds near recent three-month highs amid optimism that the United States and China are close to signing a trade deal

United States Oil (USO) holds near recent three-month highs amid optimism that the United States and China are close to signing a trade deal

United States Oil (USO) holds near recent three-month highs amid optimism that the United States and China are close to signing a trade deal Oil prices slipped on Monday, but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, with President Donald Trump saying […]

Gold 1 OZ (XAU=X) price barely flinches to impeachment noise, and change is unlikely

Gold 1 OZ (XAU=X) price barely flinches to impeachment noise, and change is unlikely

Gold 1 OZ (XAU=X) price barely flinches to impeachment noise, and change is unlikely The gold price has remained steady throughout the past trading week, with another unusually narrow trading range noted between $1,477 and $1,481 as of time of writing. Unless trading volumes pick up in the lead up to Christmas, it appears that […]

United States Oil (USO) hover near highest levels since mid-September

United States Oil (USO) hover near highest levels since mid-September

United States Oil (USO) hover near highest levels since mid-September Oil prices held steady near three-month highs on Friday on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook. Brent futures rose 2 cents, or 0.03%, to 66.56 a barrel by 0145 GMT, while […]

Gold Futures: Technical Analysis

Gold Futures: Technical Analysis

$GLD, $XAU Gold futures traded higher late Thursday despite extremely low volume. Traders are saying the market is being underpinned by the lack of details over the US-China trade deal, and the political uncertainty in Washington. The low volume is being attributed to position-squaring ahead of the Christmas and New Year holidays. At 20:35 GMT, February […]

Gold Marks 2 Wk Highs and Dips

Gold Marks 2 Wk Highs and Dips

$XAU, $GLD Gold prices retreated slightly Friday in Asia after marking a more-than-2-week high Thursday. US Gold Futures dipped 0.13% to 1,482.55 oz as of 10:59p ET Friday (03:59 GMT) after reaching a 1484.95 high. Spot Gold prices also dropped 0.03% to $1,478.67. The political uncertainties caused by US House of Representatives’ voting to impeach […]

Should Investors be Buying Silver 1 OZ 999 NY (XAG=X) at Current Prices?

Should Investors be Buying Silver 1 OZ 999 NY (XAG=X)  at Current Prices?

Should Investors be Buying Silver 1 OZ 999 NY (XAG=X) at Current Prices? It’s been a frustrating few months for investors in the silver space (SLV), with the metal underperforming the S&P-500 (SPY) by more than 20% since September alone. This significant underperformance shouldn’t be all that surprising, as an asset class tends to perform […]

United States Oil (USO) near three-month high after US inventories fall

United States Oil (USO) near three-month high after US inventories fall

United States Oil (USO) near three-month high after US inventories fall Oil prices remained in touching distance of three-month peaks on Thursday, extending a robust streak that began a week ago, after data showed US crude inventories had dropped while output cuts by major producers kept supply snug. Brent crude futures edged down 1 cent […]

Gold: Momentum is Building as Volatility Fades

Gold: Momentum is Building as Volatility Fades

$XAU, $GLD Technical Analysis: Gold prices are storing volatility which is getting pent up as prices trade sideways in a tight range. Resistance near the 50-Day MA at 1,477. Short term support is seen near the 10-Day MA at 1,470. Additional support on the precious Yellow metal is seen near an upward sloping trend line […]

China Bought Soybeans on Tariff Waivers

China Bought Soybeans on Tariff Waivers

$SOY Tuesday, Chinese importers bought at least 2 cargoes of US soybean after receiving another round of tariff-free quota for US shipments. The sales, the 1st since Washington announced an interim trade deal with Beijing last week, may also be China’s last large US purchases before newly harvested soybean from Top supplier Brazil begin hitting […]

Gold 1 OZ (XAU=X) price steady as trade deal doubts offset positive US data

Gold 1 OZ (XAU=X) price steady as trade deal doubts offset positive US data

Gold 1 OZ (XAU=X) price steady as trade deal doubts offset positive US data Gold prices were little changed on Wednesday as mixed messages on the US-China trade deal countered positive economic data out of the United States. Spot gold was trading at $1,475.55 per ounce by 0118 GMT. US gold futures were flat at […]

Hong Kong: HANG SENG INDEX (.HSI) Trump adviser insists deal ‘done’ as China sounds cautious

Hong Kong: HANG SENG INDEX (.HSI) Trump adviser insists deal ‘done’ as China sounds cautious

Hong Kong: HANG SENG INDEX (.HSI) Trump adviser insists deal ‘done’ as China sounds cautious Stocks in Hong Kong hit their highest level since late July on Wednesday amid expectation of a ‘phase one’ trade deal between Beijing and Washington, but pared gains as investors awaited further details. At the close of trade, the Hang […]

Silver 1 OZ 999 NY (XAG=X) Muted Response to Phase 1 Deal

Silver 1 OZ 999 NY (XAG=X) Muted Response to Phase 1 Deal

Silver 1 OZ 999 NY (XAG=X) Muted Response to Phase 1 Deal Silver prices have ticked higher in Wednesday trade. In the European session, silver is trading at $17.06, up $0.05 or 0.38% on the day. Muted Response to Phase 1 Deal There was plenty of fanfare in the White House, as President Trump gushed about […]

United States Oil (USO) remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal

United States Oil (USO) remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal

United States Oil (USO) remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, […]

Gold Price Futures Technical Analysis

Gold Price Futures Technical Analysis

$GLD $XAU $USD Gold futures are trading nearly flat late Tuesday with gains capped by demand for risky assets and a stronger USD. The market may have been underpinned by slightly weaker US Treasury yields. Fundamentally, the market was pressured by stronger-than-expected US economic data, but may have been supported by concerns over the lack […]

Silver 1 OZ 999 NY (XAG=X) price forecast remains neutral

Silver 1 OZ 999 NY (XAG=X) price forecast remains neutral

Silver 1 OZ 999 NY (XAG=X) price forecast remains neutral Silver prices have edged higher on Tuesday. In the European session, silver is trading at $17.07, up 0.26% on the day. Lukewarm Response to Trade Agreement The announcement of a trade deal between the U.S. and China is certainly significant, but the markets have been rather […]

Gold 1 OZ (XAU=X) prices continued to show a lack of direction

Gold 1 OZ (XAU=X) prices continued to show a lack of direction

Gold 1 OZ (XAU=X) prices continued to show a lack of direction Gold prices continued to show a lack of direction during trading on Tuesday, extending the lackluster performance seen in the previous session. After slipping $0.70 to $1,480.50 an ounce on Monday, gold for February delivery inched up $0.10 to $1,480.60 an ounce. The […]

United States Oil (USO) remain near a three-month high as investors kept the faith

United States Oil (USO) remain near a three-month high as investors kept the faith

United States Oil (USO) remain near a three-month high as investors kept the faith Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, set to stoke oil demand in the world’s biggest […]

Gold Prices on Pace to Mark Biggest Annual Gainer in 9 Yrs

Gold Prices on Pace to Mark Biggest Annual Gainer in 9 Yrs

$GLD, $XAU, $SLV, $XAG, $USD Gold prices look to end the year more than 15% higher, on track to post their biggest annual gainer in 9 years. “Gold has seen considerable safe haven buying from investors concerned over low and negative yields in the bond market and fearing a possible downturn in equities,” said the […]

Silver 1 OZ 999 NY (XAG=X) Trade Deal – the Devil is in the Details

Silver 1 OZ 999 NY (XAG=X) Trade Deal – the Devil is in the Details

Silver 1 OZ 999 NY (XAG=X) Trade Deal – the Devil is in the Details Silver prices have started the new trading week with gains. In the European session, silver is trading at $17.04, up 0.65% on the day. Trade Deal – the Devil is in the Details The U.S. and China announced on Friday that […]

Gold 1 OZ (XAU=X) finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields

Gold 1 OZ (XAU=X) finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields

Gold 1 OZ (XAU=X) finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields Gold prices made modest moves in both directions Monday, finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields, as investors assessed a phase one trade deal […]

United States Oil (USO) Prices Fall as Investors Seek Clarity on U.S.-China Trade Deal

United States Oil (USO) Prices Fall as Investors Seek Clarity on U.S.-China Trade Deal

United States Oil (USO) Prices Fall as Investors Seek Clarity on U.S.-China Trade Deal Oil prices on Monday slid off near three-month highs hit last week as investors searched for clarity beyond the initial impact of a trade deal between the United States and China that’s expected to boost flows between the top two global […]

Gold 1 OZ (XAU=X) gains as lack of details on trade deal lifts demand

Gold 1 OZ (XAU=X) gains as lack of details on trade deal lifts demand

Gold 1 OZ (XAU=X) gains as lack of details on trade deal lifts demand Gold prices rose on Friday as investors remained cautious about the developments in the United States and China trade negotiations, while political uncertainties in the world’s biggest economy further boosted the metal’s safe-haven appeal. Spot gold was up 0.5% at $1,477.09 […]

Gold’s Price History

Gold’s Price History

$XAU, $GLD, $USD, $XAG, $SLV The following is a deep dive into past Gold’s Price History by James Anderson who begins with a gold price chart covering more than the last 700 years. Leading into the USD price of gold since the 1776 founding of the United States of America (USA) through the post-1971 fully fiat […]

United States Oil (USO) market still unbalanced despite OPEC+ cuts

United States Oil (USO) market still unbalanced despite OPEC+ cuts

United States Oil (USO) market still unbalanced despite OPEC+ cuts Additional cuts by the powerful OPEC group of oil producers and its allies may not be enough to eliminate a glut of crude on the global market, the IEA warned on Thursday. Meanwhile, energy consumption by China is bounding higher – a signal that the […]

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