Gold 1 OZ (XAU=X) Cycles Bottoming

Gold 1 OZ (XAU=X) Cycles Bottoming

Gold 1 OZ (XAU=X) Cycles Bottoming As noted in past articles, the mid-term cycles were confirmed to be headed lower into the current month of May, where the next mid-term price trough is expected to form. Whether that low is already in place remains speculation at the present time, though a decent rally into mid-to-late […]

United States Oil (USO) prices plunge as the market prepares for a prolonged U.S.-China trade war

United States Oil (USO)  prices plunge as the market prepares for a prolonged U.S.-China trade war

United States Oil (USO) prices plunge as the market prepares for a prolonged U.S.-China trade war Oil prices tumbled nearly 6% on Thursday, extending steep losses in the previous sessions, as the market braced for a prolonged U.S.-China trade war and digested disappointing manufacturing data. Some analysts also pointed to signs that Middle East tensions […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Mixed In Asia Gold: Gold prices held steady Friday after rising above $1,280 in Thursday’s session. Spot gold was steady at $1,283.56 oz by 0415 GMT, US gold futures for June were down 0.2% at 1,283.10. Gold has found a […]

Gold 1 OZ (XAU=X) Investors Remain On Edge

Gold 1 OZ (XAU=X) Investors Remain On Edge

Gold 1 OZ (XAU=X) Investors Remain On Edge Gold prices are now posting double-digit gains and are near daily highs in late-morning action Thursday. Safe-haven demand is featured in gold, and to a lesser degree in silver, as the U.S. and world stock markets see selling pressure due to renewed U.S.-China trade worries and by […]

Silver 1 OZ 999 NY (XAG=X) a lot of concerns out there about global trade and global economic growth going forward

Silver 1 OZ 999 NY (XAG=X) a lot of concerns out there about global trade and global economic growth going forward

Silver 1 OZ 999 NY (XAG=X) a lot of concerns out there about global trade and global economic growth going forward Silver markets rallied significantly on Thursday, reaching towards the $14.60 level, but it’s very likely that we will find sellers above at the downtrend line that I have marked on the chart. The $14.85 level […]

United States Oil (USO) falls amid surging U.S. crude inventories and weak demand from refineries

United States Oil (USO) falls amid surging U.S. crude inventories and weak demand from refineries

United States Oil (USO) falls amid surging U.S. crude inventories and weak demand from refineries Oil prices dropped by around 1% on Thursday, extending falls from the previous session amid surging U.S. crude inventories and weak demand from refineries. Brent crude futures, the international benchmark for oil prices, were at $70.36 per barrel at 0652 […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Up, Crude Oil Down, Stocks Down Notes: Investors bet most Asian currencies will come under further pressure, a Reuters poll showed, with trade tensions between the United States and China firmly dominating headlines once again. US Crude Oil inventories rose last week, hitting their […]

Gold 1 OZ (XAU=X) prices rudderless as Brexit news-flow offers conflicting influences

Gold 1 OZ (XAU=X) prices rudderless as Brexit news-flow offers conflicting influences

Gold 1 OZ (XAU=X) prices rudderless as Brexit news-flow offers conflicting influences Gold prices struggled to for direction, trading inversely of seesaw swings in the US Dollar. It succumbed to cross-currents from a jump in the GBP/USD exchange rate after UK Prime Minister Theresa May floated the possibility of a second Brexit referendum. The move promptly fizzled however, with a rebound […]

United States Oil (USO) U.S.-China trade woes weighed on energy-demand prospects

United States Oil (USO) U.S.-China trade woes weighed on energy-demand prospects

United States Oil (USO) U.S.-China trade woes weighed on energy-demand prospects U.S. prices settled lower Tuesday as U.S.-China trade woes weighed on energy-demand prospects. However, Middle East tensions provided some support for the global benchmark. West Texas Intermediate crude for June delivery CLM19, -0.13% lost 11 cents, or 0.2%, to settle at $62.99 a barrel […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Down, Stocks Down Notes: Gold is now more than 5% below its late-February 2019 high at $1,346.73 oz. Investors await the release of the Fed’s mins at 1800 GMT, which is expected to provide insights into the 1 May meeting by […]

China is the World’s Largest Consumer of Gold, Here is Why

China is the World’s Largest Consumer of Gold, Here is Why

$XAU, $GLD, $CME, $USD Gold has long enjoyed deep cultural significance in China, which holds the title for being both the world’s largest gold consumer and its largest producer. Demand for the yellow metal in China looks like it will continue to rise, driven by a combination of increasing levels of wealth, global economic uncertainty […]

Silver 1 OZ 999 NY (XAG=X) Prices Hover in Bullish Reversal Zone

Silver 1 OZ 999 NY (XAG=X) Prices Hover in Bullish Reversal Zone

Silver 1 OZ 999 NY (XAG=X) Prices Hover in Bullish Reversal Zone Our last silver price update was April 29, when we stated “little progress has been made since April 15 and the waves do not appear motive. Therefore, we will not be surprised if silver makes a deeper cut and one more jab towards […]

Gold 1 OZ (XAU=X) trader and investor risk appetite is more upbeat

Gold 1 OZ (XAU=X) trader and investor risk appetite is more upbeat

Gold 1 OZ (XAU=X) trader and investor risk appetite is more upbeat Gold prices are moderately down and hit a two-week low in midday U.S. trading Tuesday. So far this week, trader and investor risk appetite is more upbeat, which is bearish for the safe-haven gold and silver markets. The near-term technical posture has deteriorated […]

United States Oil (USO) rises on escalating US-Iran tensions

United States Oil (USO) rises on escalating US-Iran tensions

United States Oil (USO) rises on escalating US-Iran tensions Oil prices edged up on Tuesday on escalating tensions between the United States and Iran and on signs that producer club OPEC will continue withholding supply this year. However, gains were checked by concerns that a prolonged Sino-U.S. trade war could lead to a global economic […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Up Notes: President Trump Monday threatened Iran with “great force” if it attacked US interests in the Middle East. This came after a rocket attack in Iraq’s capital Baghdad, which Washington suspects to have been organized by militia with […]

Silver 1 OZ 999 NY (XAG=X) makes afresh 2019 low as buyers disappear

Silver 1 OZ 999 NY (XAG=X) makes afresh 2019 low as buyers disappear

Silver 1 OZ 999 NY (XAG=X) makes afresh 2019 low as buyers disappear Another precious metal under heavy selling pressure. Silver is now at levels last seen in early December last year and is over 11% lower since making its recent high of $16.21/oz. in late February. The downtrend since the late-February high continues to […]

Gold 1 OZ (XAU=X) eyes a cluster of support

Gold 1 OZ (XAU=X) eyes a cluster of support

Gold 1 OZ (XAU=X) eyes a cluster of support The sell-off on gold continues with the precious metal down around $30 in less than a week. Gold is under pressure from a resurgent US dollar, buoyed by last Friday’s Uni of Michigan data which smashed expectations and hit a multi-year high. The important 61.8% Fibonacci […]

United States Oil (USO) prices up as Trump threatens Iran, OPEC mulls output cuts

United States Oil (USO) prices up as Trump threatens Iran, OPEC mulls output cuts

United States Oil (USO) prices up as Trump threatens Iran, OPEC mulls output cuts Crude oil prices jumped higher at the start of the trading week after US President Trump threatened Iran via Twitter, warning officials in Tehran that if they want a fight, that will “be the end” of the Islamic Republic. Tensions between the two countries […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Unch, USD Up, Crude Oil Up, Stocks Up Notes: United Arab Emirates (UAE) Energy Minister Suhail al-Mazrouei earlier told reporters that producers were capable of filling any market gap and that relaxing supply cuts was not “the right decision.” President Trump Tweeted that a conflict […]

Silver 1 OZ 999 NY (XAG=X) Prices Sink as US Market sees Recovery

Silver 1 OZ 999 NY (XAG=X) Prices Sink as US Market sees Recovery

Silver 1 OZ 999 NY (XAG=X) Prices Sink as US Market sees Recovery July silver futures prices closed near the session low and hit a 5.5-month low today. The silver bears have the solid overall near-term technical advantage and gained fresh power today. A three-month-old downtrend is in place on the daily bar chart. Silver […]

Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play

Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play

Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play After Monday’s short-covering rally, which caught many off guard, gold reached resistance and has been coming down ever since. Once again, gold is getting close to a decision point and a break through $1,280 brings $1,240 -$1,220 into play. The current direction in […]

United States Oil (USO) prices are delicately balanced between competing forces

United States Oil (USO) prices are delicately balanced between competing forces

United States Oil (USO) prices are delicately balanced between competing forces Oil prices have generally tracked risk appetite so far this week, dropping sharply on Monday before recovering over the last three days. Wednesday’s rally was supercharged by escalating geopolitical tensions in the Middle East; when asked whether the U.S. would go to war with […]

Gold 1 OZ (XAU=X) consolidation at $1,300

Gold 1 OZ (XAU=X) consolidation at $1,300

Gold 1 OZ (XAU=X) consolidation at $1,300 The upward movement of gold paused when it tested the $1,300 resistance. At the current time, the price is in consolidation mode and hovering near the resistance. We expect the precious metal to bounce up and down near $1,300 until breakout happens. If gold could move down and […]

Silver 1 OZ 999 NY (XAG=X) no reaction near $14.80

Silver 1 OZ 999 NY (XAG=X) no reaction near $14.80

Silver 1 OZ 999 NY (XAG=X) no reaction near $14.80 Silver traded sideways near the $14.80 resistance and there is not much reaction seen yet. Traders could expect the price to continue its consolidation near the resistance until it reaches the top of the channel. Next direction of silver will depend on the reaction near […]

United States Oil (USO) risks of a slower global economy due to trade wars is acting as a counterweight on crude

United States Oil (USO)  risks of a slower global economy due to trade wars is acting as a counterweight on crude

United States Oil (USO) risks of a slower global economy due to trade wars is acting as a counterweight on crude If not for the trade war, both oil and gasoline prices could be much higher than they are now on rising tensions between the U.S. and Iran. Analysts say oil could be more than […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Flat, USD Flat, Crude Oil Up, Stocks Mixed Notes: Long term prospects for EUR are not bright, given the region’s soft economic fundamentals. But the news on the auto tariff delay is helping the single currency establish support at $1.1200 Growth in China’s industrial output slowed […]

Gold Price Technical Analysis: Buyers Bet on Fed Rate Cut

Gold Price Technical Analysis: Buyers Bet on Fed Rate Cut

$XAU, $GLD, $XAUUSD FLASH: Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Fed policymaker said Wednesday. “There’s not a strong case to push rates higher when inflation is under control; there’s not a strong case to […]

Gold 1 OZ (XAU=X) remained below the psychologically significant price of $1,300

Gold 1 OZ (XAU=X) remained below the psychologically significant price of $1,300

Gold 1 OZ (XAU=X) remained below the psychologically significant price of $1,300 Gold prices finished modestly higher Wednesday, although remained below the psychologically significant price of $1,300, as benchmark U.S. stock indexes shook off earlier losses to move up by the time gold futures settled. The precious metal saw support “as tensions increased with Iran, […]

Silver 1 OZ 999 NY (XAG=X) expected to “explode” if the right trigger hits the market

Silver 1 OZ 999 NY (XAG=X) expected to “explode” if the right trigger hits the market

Silver 1 OZ 999 NY (XAG=X) expected to “explode” if the right trigger hits the market A series of lower highs off the February 20 high print dominates Silver’s chart and suggests lower prices ahead. Silver currently changes hands at $14.82 and is under pressure from a technical perspective, as it trades below all three […]

United States Oil (USO) API reportedly showed a stockpile increases of 567,000 barrels

United States Oil (USO) API reportedly showed a stockpile increases of 567,000 barrels

United States Oil (USO) API reportedly showed a stockpile increases of 567,000 barrels The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 8.6 million barrels for the week ended May 10, according to sources. The API also reportedly showed a stockpile increases of 567,000 barrels in gasoline and 2.2 million barrels […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Steady, Crude Oil Off, Stocks Up Notes: The FX (foreign exchange) market showed little reaction to worse-than-expected growth in Chinese industrial output and retail sales for April that underlined the need for Beijing to roll out more stimulus measures to support the world’s 2nd-largest […]

Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher

Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher

Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher SILVER PRICES failed to follow gold higher again on Tuesday, missing out on a gain for the 4th session running as gold slipped $5 from an overnight pop to $1300 per ounce amid worsening US-led trade war with Europe and China. Chinese manufacturers of solar-energy […]

Gold 1 OZ (XAU=X) bulls in a much better technical posture

Gold 1 OZ (XAU=X) bulls in a much better technical posture

Gold 1 OZ (XAU=X) bulls in a much better technical posture Gold prices are slightly lower in early-morning U.S. trading Tuesday. Prices did poke to a four-week high overnight. The yellow metal is seeing a normal corrective pullback following Monday’s good gains, which put the bulls in a much better technical posture. June gold futures […]

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

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

2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. Middle East focus: Saudi Arabia Monday said that 2 […]

Silver 1 OZ 999 NY (XAG=X) continues its bearish movement

Silver 1 OZ 999 NY (XAG=X) continues its bearish movement

Silver 1 OZ 999 NY (XAG=X) continues its bearish movement On the long-term outlook, XAGUSD continues its bearish movement. The Bearish movement continues last week as predicted. There was a breakout at the lower trend line of the triangle and the Bears exerted more pressure last week and the price moved towards $14 level. The Bears […]

Gold 1 OZ (XAU=X) fell as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan

Gold 1 OZ (XAU=X) fell as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan

Gold 1 OZ (XAU=X) fell as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan Gold prices fell on Monday as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan, making bullion expensive for buyers in world’s largest consumer – China. Spot gold was down 0.3% at $1,282.78 per ounce, as […]

United States Oil (USO) investors and traders fretted over global economic growth prospects

United States Oil (USO) investors and traders fretted over global economic growth prospects

United States Oil (USO) investors and traders fretted over global economic growth prospects Oil futures were mixed on Monday, with U.S. crude edging lower, as investors and traders fretted over global economic growth prospects amid a standoff in Sino-U.S. trade talks. U.S. West Texas Intermediate (WTI) futures were at $61.58 per barrel, down 9 cents, or 0.2% at […]

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

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

2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Flat, Crude Oil Mixed, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. The UAE said Sunday that 4 commercial vessels were […]

Gold 1 OZ (XAU=X) Buy on Dips

Gold 1 OZ (XAU=X) Buy on Dips

Gold 1 OZ (XAU=X) Buy on Dips Overall, the bias in prices is: Sideways. The projected upper bound is: 1,305.84. The projected lower bound is: 1,264.28. The projected closing price is: 1,285.06. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles […]

United States Oil (USO) escalation in the Sino-American trade spat raising the potential to dent energy demand

United States Oil (USO) escalation in the Sino-American trade spat raising the potential to dent energy demand

United States Oil (USO) escalation in the Sino-American trade spat raising the potential to dent energy demand U.S. crude-oil prices declined Thursday, while global benchmark prices ended a few pennies higher, with escalation in the Sino-American trade spat raising the potential to dent energy demand. Those concerns have more than offset the price-supportive weekly decline […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Firm, USD Down, Crude Oil Steady, Stocks Mixed Notes: President Trump has increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods 12:01a Friday, and targets $325-B more.. China Vice Premier Liu He is in […]

Gold 1 OZ (XAU=X) some safe-haven demand is featured today as the U.S. stock market is selling off

Gold 1 OZ (XAU=X) some safe-haven demand is featured today as the U.S. stock market is selling off

Gold 1 OZ (XAU=X) some safe-haven demand is featured today as the U.S. stock market is selling off Gold prices are moderately up and have hit daily highs in late-morning action Thursday. Some safe-haven demand is featured today as the U.S. stock market is selling off again, with the major indexes hitting multi-week lows. U.S.-China […]

Silver 1 OZ 999 NY (XAG=X) continues to see a lot of struggle

Silver 1 OZ 999 NY (XAG=X) continues to see a lot of struggle

Silver 1 OZ 999 NY (XAG=X) continues to see a lot of struggle Silver markets have fallen during the trading session on Thursday, showing signs of weakness. However, we are still within a rising wedge, which extends down to about $14.60 currently. If we were to break down through that level, silver could fall rather hard. […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Down, Crude Oil Down, Stocks Down Notes: And again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a Friday, and targets $325-B more.. China wants the tariffs […]

Central Banks Around the World are Buying Gold, Are You?

Central Banks Around the World are Buying Gold, Are You?

$XAU, $GLD FLASH: Central banks around the world are buying gold in near-record amounts to shore up their financial positions before the next crisis occurs. Most investors understand that gold plays a valuable role in a sound investment portfolio, but unless you are already a gold investor you likely do not know of best ways […]

Silver 1 OZ 999 NY (XAG=X) struggling at the down trending line of the falling wedge

Silver 1 OZ 999 NY (XAG=X) struggling at the down trending line of the falling wedge

Silver 1 OZ 999 NY (XAG=X) struggling at the down trending line of the falling wedge Silver markets tried to rally but then gave back the gains during the trading session on Wednesday, showing signs of resistance at the $15.00 level yet again. This is a market that continues to be tight and negative overall, but […]

United States Oil (USO) marks lowest finish since the end of March; Brent drops below $70

United States Oil (USO) marks lowest finish since the end of March; Brent drops below $70

United States Oil (USO) marks lowest finish since the end of March; Brent drops below $70 Crude-oil prices fell Tuesday, but settled off the session’s worst levels as increasing tensions between the U.S. and Iran and the threat of disruptions to supplies in the Middle East helped to offset worries that a protracted trade conflict […]

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

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

FLASH: Gold Firmed, USD Off, Crude Oil Up, Stocks Down Notes: Again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to […]

Gold 1 OZ (XAU=X) Target $3000

Gold 1 OZ (XAU=X) Target $3000

Gold 1 OZ (XAU=X) Target $3000 Conflicting influences from the US Dollar and benchmark Treasury bond yields pinned gold prices in place yesterday. A volatile response to signs of escalation in the US-China trade war traced out inverse whipsaw price swings that put the metal’s defining anti-fiat and non-yielding attributes in conflict. All the same, the mood still seems to […]

United States Oil (USO) sanctions on oil exporters Iran and Venezuela kept markets on edge while concerns that an escalating Sino-U.S. trade dispute could slow the global economy

United States Oil (USO) sanctions on oil exporters Iran and Venezuela kept markets on edge while concerns that an escalating Sino-U.S. trade dispute could slow the global economy

United States Oil (USO) sanctions on oil exporters Iran and Venezuela kept markets on edge while concerns that an escalating Sino-U.S. trade dispute could slow the global economy Oil prices were mixed on Tuesday as U.S. sanctions on oil exporters Iran and Venezuela kept markets on edge while concerns that an escalating Sino-U.S. trade dispute […]

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 Flat, Crude Oil Off, Stocks Up Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a this Friday, and targets $325-B more.. China wants the tariffs to be lifted, while President Trump wants to keep […]

President Trump Lowered Trade Boom on China and Zero Crude Oil Export Boom on Iran

President Trump Lowered Trade Boom on China and Zero Crude Oil Export Boom on Iran

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: DJIA tested to its 50-Day MA and bounced, as sellers were few and buyers came in and bought the dip. There was no fear in the market from the US-China issues and/or President Trump’s hammering of Iran. Savvy market participants see President Trump’s China goods tariff threat as a […]

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

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

Gold 1 OZ (XAU=X) pushing prices below solid technical support at $1,250.00 Gold prices are trading slightly down in early-morning U.S. trading Monday. The safe-haven metals bulls are perplexed that gold and silver prices have not received a good bid from fresh geopolitical developments that have tanked world stock markets today. June gold futures were last down $1.10 […]

Silver 1 OZ 999 NY (XAG=X) in a 2.5-month-old downtrend on the daily chart

Silver 1 OZ 999 NY (XAG=X) in a 2.5-month-old downtrend on the daily chart

Silver 1 OZ 999 NY (XAG=X) in a 2.5-month-old downtrend on the daily chart July silver futures bears have the overall near-term technical advantage. Prices are in a 2.5-month-old downtrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.15 an ounce. The next downside […]

United States Oil (USO) Output cuts from Opec likely to continue till end of 2019

United States Oil (USO) Output cuts from Opec likely to continue till end of 2019

United States Oil (USO) Output cuts from Opec likely to continue till end of 2019 Oil prices are expected to trade positive in the near term on the back of Opec production cuts as well as supply disruptions in Iran and Venezuela, analysts said. However, rise in US oil production will continue to weigh 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 Flat, Crude Oil Off, Stocks Down Notes: President Trump Sunday increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods this Friday, and targets $325-B more soon. The President’s aggressive strategy drew bi-partisan support from US Senate Democratic leader […]

Gold 1 OZ (XAU=X) prices idle as FOMC, US jobs data offer divergent drivers

Gold 1 OZ (XAU=X) prices idle as FOMC, US jobs data offer divergent drivers

Gold 1 OZ (XAU=X) prices idle as FOMC, US jobs data offer divergent drivers Gold prices struggled for direction last week, torn between competing influences from the FOMC monetary policy announcement and April’s US jobs report. The former sent prices lower as Chair Powell signaled the central bank’s outlook is firmly set at “neutral”, pushing […]

Gold Looks Cheap in Here, Central Banks are Key Buyers

Gold Looks Cheap in Here, Central Banks are Key Buyers

$GLD, $XAU, $EUR, $USD FLASH: Gold prices could still surge 20% this year as precious-metal investors and speculators are right to believe in a bright future for the commodity. One international guru told Barron’s that he considers gold at current marks of just below $1,300 oz a “bargain.” His price target for the year is […]

United States Oil (USO) market is view as overpriced

United States Oil (USO) market is view as overpriced

United States Oil (USO) market is view as overpriced U.S. oil futures dropped Thursday to their lowest finish in a month, as record U.S. crude production and rising domestic supplies outweighed concerns over the potential for tighter global supplies in the wake of the expiration of U.S. waivers on Iranian oil sanctions. “The market clearly […]

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 Off, Stocks Flat (May Day Holiday) Notes: Investors await US employment figures due later today, which is forecast to show 185,000 net new jobs were added in April and the unemployment rate steady at 3.8% Reflecting investor sentiment in gold, holdings of SPDR Gold Trust, the world’s largest […]

Silver 1 OZ 999 NY (XAG=X) markets testing major lows

Silver 1 OZ 999 NY (XAG=X) markets testing major lows

Silver 1 OZ 999 NY (XAG=X) markets testing major lows Silver markets broke down a bit during the trading session on Thursday, reaching below the $14.60 level at one point. However, we did see a significant amount of buying pressure just below there, as both silver and gold both tried to break down rather significantly during […]

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 Up, Crude Oil Off, Stocks Flat (May Day Holiday) Note: USD consolidated in Asia Thursday after recovering from a brief spill overnight when markets were whipsawed by mixed messages on policy from the Fed. There was little immediate reaction to a report the United States and China were nearing a trade […]

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 Down, Crude Oil Off, Stocks Flat (May Day Holiday) Note: China and the United States began their latest talks in Beijing on Wednesday aimed at ending a bitter trade dispute, after US Treasury Secretary Steven Mnuchin said he had a “nice” working dinner the night before with China Vice Premier […]

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 Down, Crude Oil Down, Stocks Down Note: The quiet start to the week in global equity markets comes ahead of a 2-day meeting of the policy-setting FOMC. The committee is set to release its latest statement at 2:00p EDT (1800 GMT) Wednesday. We have now turned from sentiment where this […]

President Trump Wants Cheap Oil

President Trump Wants Cheap Oil

$USO, $OIL Saudi Arabia needs Crude Oil prices to be higher than what President Trump wants, as the Kingdom increases spending to bolster economic growth. International Monetary Fund (IMF) data released Monday show the world’s biggest Crude Oil exporter needs prices at about $85 bbl to balance its budget this year, up from a forecast […]

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 bears still have the overall near-term technical advantage. A nine-week-old downtrend line is in still place on the daily bar chart. However, last Friday’s bullish weekly high close is one clue that a market bottom is now in place. Bulls’ next upside price objective […]

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.31

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.31

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.31 May silver futures bears have the overall near-term technical advantage. Prices are in a nine-week-old downtrend on the daily bar chart. However, last Friday’s bullish weekly high close is one clue that a market bottom is now in place. Silver bulls’ next upside price […]

Venezuelan President Nicolas Maduro is facing growing pressure as the United States enforces sanctions on United States Oil (USO) exports

Venezuelan President Nicolas Maduro is facing growing pressure as the United States enforces sanctions on United States Oil (USO) exports

Venezuelan President Nicolas Maduro is facing growing pressure as the United States enforces sanctions on United States Oil (USO) exports US sanctions came into effect Sunday to block Venezuela’s economic lifeline of oil exports, in what Washington hopes will be a major blow in its fledgling campaign to topple leftist President Nicolas Maduro. As 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 Off, Stocks Up Note: We have now turned from sentiment where this stock rally was 1 where professionals did not take part in, to a fast paced entry where hedge funds and investors are chasing markets they have been betting against. While the strong US GDP data […]

Gold 1 OZ (XAU=X) jumped to a two-week high, after American Dollar had stumbled following release of soft economic data

Gold 1 OZ (XAU=X) jumped to a two-week high, after American Dollar had stumbled following release of soft economic data

Gold 1 OZ (XAU=X) jumped to a two-week high, after American Dollar had stumbled following release of soft economic data Spot gold price jumped to a two-week high, after American Dollar had stumbled following release of soft economic data despite a roaring quarterly growth on its gross domestic product. Gold for immediate selling had rounded off […]

Lucara Unearthed the Largest Diamond in Recent History

Lucara Unearthed the Largest Diamond in Recent History

$LUCRF Lucara Diamond Corp (OTCMKT:LUCRF) has unearthed the largest uncut diamond in recent history in its Karowe mine in Botswana, the Canadian company said recently, beating its own record discovery from November 2015. The 1,758-carat diamond, larger than a tennis ball, weighs close to 352 grams (12.42 oz), Lucara said. The stone is 2nd in […]

Being Bullish Gold and Gold Miners

Being Bullish Gold and Gold Miners

$GLD, $XAU, $USD Forbes.com recently published 3 reasons why savvy investors need to always own gold in their portfolios. Essentially, you can never play it too safe when it comes to investing. “Holding an overweight position of an unlevered asset with limited supply such as gold will offer one of the few safe havens for […]

United States Oil (USO) Iran-pegged crude supply worries persist

United States Oil (USO) Iran-pegged crude supply worries persist

United States Oil (USO) Iran-pegged crude supply worries persist U.S. oil prices finished lower on Thursday, and Brent prices gave up earlier gains to settle lower for the first time in five sessions, with both crude benchmarks marking a retreat from the nearly six-month highs they reached earlier this week. Traders continued to consider the […]

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 Up, Crude Oil Off, Stocks Down Notes: China, the world’s biggest buyer of Iranian oil, this week formally complained to the United States over its unilateral Iran sanctions. Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its […]

Silver 1 OZ 999 NY (XAG=X) selling pressure

Silver 1 OZ 999 NY (XAG=X) selling pressure

Silver 1 OZ 999 NY (XAG=X) selling pressure May silver futures bears have the overall near-term technical advantage. Prices are in a two-month-old downtrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the April high of $15.31 an ounce. The next downside price […]

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 bears have the overall near-term technical advantage. A two-month-old downtrend line is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective […]

United States Oil (USO) dipped as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions

United States Oil (USO) dipped as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions

United States Oil (USO) dipped as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions Oil prices dipped on Thursday as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions on Iran and producer club OPEC’s continued curbs on supply. Brent […]

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 Up, Crude Oil Mixed, Stocks Down Notes: Crude Oil output in the United States, which turned into the world’s Top producer last year, last week edged back to its record high at 12.2-M BPD, while net imports rose 900,000 BPD, EIA data showed. German business morale deteriorated in April, bucking […]

United States Oil (USO) US secretary of state Mike Pompeo tells the world to ‘err on the side of caution’ over buying oil from Iran

United States Oil (USO)  US secretary of state Mike Pompeo tells the world to ‘err on the side of caution’ over buying oil from Iran

United States Oil (USO) US secretary of state Mike Pompeo tells the world to ‘err on the side of caution’ over buying oil from Iran Oil prices surged to their highest level in six months on global commodity markets after the US said it would take a harder line against countries that breach its oil […]

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 Up, Crude Oil Down, Stocks Down Notes: The International Energy Agency (IEA), a watchdog for Crude Oil consuming countries, said in a statement Tuesday that markets are “adequately supplied” and that “global spare production capacity remains at comfortable levels.” US Secretary of State Mike Pompeo announced “that as of May 2, […]

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.15

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.15

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.15 May silver futures prices closed nearer the session low today. The silver bears have the overall near-term technical advantage. A two-month-old downtrend is in place on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance […]

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

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

Gold 1 OZ (XAU=X) solid technical resistance at $1,300.00 Technically, June gold futures prices closed near mid-range today. The bears have the overall near-term technical advantage. A two-month-old downtrend line on the daily bar chart is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance […]

United States Oil (USO) US crackdown on Iran exports

United States Oil (USO) US crackdown on Iran exports

United States Oil (USO) US crackdown on Iran exports US oil prices raced above US$65 (AUD$91) a barrel for the first time since October after the White House pledged to deepen its crackdown on Iran. The Trump administration vowed to bring Iran’s oil exports to “zero” by removing the waivers that previously allowed some countries […]

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 Up, Crude Oil Up, Stocks Higher Notes: US Secretary of State Mike Pompeo announced “that as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian Crude or condensate.” US Treasury Secretary Steve Mnuchin told reporters trade negotiations between the […]

Silver 1 OZ 999 NY (XAG=X) increased demand for solar panels causes silver prices to spike

Silver 1 OZ 999 NY (XAG=X) increased demand for solar panels causes silver prices to spike

Silver 1 OZ 999 NY (XAG=X) increased demand for solar panels causes silver prices to spike Researchers from Kent Business School published a paper this week in the journal Environmental Science and Pollution Research where they state that increased demand for solar panels causes silver prices to spike. The researchers say that if silver prices go way too high, […]

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices USD/CAD has edged lower in the Monday session. In the North American session, the pair is trading at 1.3372, down 0.14% on the day. It’s a quiet start to the week, with no Canadian events. In the U.S., there is only one release. Existing […]

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates Investors continue to cut their exposure to gold. Speculators switched to a net short position in COMEX gold in the week to April 16, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Also, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, […]

United States Oil (USO) ongoing supply cuts led by producer club OPEC

United States Oil (USO) ongoing supply cuts led by producer club OPEC

United States Oil (USO) ongoing supply cuts led by producer club OPEC Oil prices rose early on Monday, with Brent hitting its highest level since November, driven up by a decline in U.S. drilling activity and ongoing supply cuts led by producer club OPEC. Brent crude futures were at a November 2018 high of $72.58 […]

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 Down, Crude Oil Up, Stocks Down Notes: Following the Good Friday holiday, markets in Britain, Germany and France will remain closed for Easter Monday, while those in the United States will reopen. Brent and US Crude futures surged to 6-month highs on reports that US Secretary of State Mike Pompeo […]

Indonesia’s Chocolate Dream is Sustainable Cocoa Farming

Indonesia’s Chocolate Dream is Sustainable Cocoa Farming

$OLMIY, $BYCBF FLASH: Asia’s biggest producer of cocoa beans is looking to diversify and make more Top-quality beans. The farmers in Tabenan, Bali, set aside 80% of their output for the single origin Bali bar made by Pipiltin, the Jakarta-based company founded in Y 2013 to produce premium chocolate from Indonesia-grown beans. Malaysia aims to […]

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 bears have the overall near-term technical advantage. A downtrend line is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective is pushing […]

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