Gold Dipped on Mixed Economic Data

Gold Dipped on Mixed Economic Data

$GLD, $XAU, $USD Gold prices turned lower Tuesday after a strong retail sales reading sparked buying interest in the USD and pushed Treasury yields higher. Retail sales gained 0.4% in June, outpacing consensus forecasts for a meager 0.1% advance, the positive reading pushed the .DXY and bond yields higher. The USD-denominated precious Yellow metal reacts negatively […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Unch, Crude Oil Off, Stocks Mixed Notes: Most Asian stock markets rose Monday, but gains were limited as investors awaited US retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely US rate cut later […]

Gold’s Price: The Bulls Vs The Bears

Gold’s Price: The Bulls Vs The Bears

$GLD, $XAU Gold’s market remains inside its 11 July range for a 2nd session, which suggests investor indecision and impending volatility. The lack of movement in the USD and Treasury yields is helping to contribute to the tight trading range. Tuesday, August COMEX gold is trading at: 1,416.50, +3.00 (+0.21%), as of 1:37a EDT, the market […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Firm, Crude Oil Off, Stocks Up Notes: China’s economic growth slowed to 6.2% in Q-2, its weakest pace in 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. EU foreign ministers will seek to figure out how […]

Gold: What I See and What is Ahead

Gold: What I See and What is Ahead

$GLD, $XAU A strong 6-week rally in gold stocks and related ETF SPDR Gold Trust(NYSEARCA:GLD) hit a wall 3 weeks ago, but reversed. Because the Fed is happy with where interest rates are now, and the strong June jobs report has dampened inflation worries for now, signaling interest rates will be cut. Before concluding that […]

Gold is in a New Bull Market

Gold is in a New Bull Market

$GLD, $XAU, $USD The price of gold has gained 10% to $1412.35 YTD, and my work projects the precious Yellow metal will move much higher from current marks as it enters this new Bull market. The fundamentals and technicals are aligned for gold to maintain its upward trend in the months ahead. Gold stocks are […]

United States Oil (USO) makes it to Ukraine in another blow to Moscow

United States Oil (USO) makes it to Ukraine in another blow to Moscow

United States Oil (USO) makes it to Ukraine in another blow to Moscow U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil. Ukraine this month received […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Up, Stocks Mixed Notes: Friday, China will release trade data for June, with analysts expecting exports to have fallen as weakening global demand and a sharp hike in US tariffs took a heavier toll on the world’s largest trading nation. OPEC Thursday […]

Gold 1 OZ (XAU=X) prices glitter after Powell comments

Gold 1 OZ (XAU=X) prices glitter after Powell comments

Gold 1 OZ (XAU=X) prices glitter after Powell comments Gold bulls posed another topside push yesterday on the heels of some dovish comments from FOMC Chair, Jerome Powell. This helped Gold prices to push back above the 1400 marker after a two-week pullback from the fresh six-year-highs that were set in late-June. Yesterday’s risk rally was fairly wide-spread, […]

Silver 1 OZ 999 NY (XAG=X) continue to see a lot of volatility in the overall global markets

Silver 1 OZ 999 NY (XAG=X) continue to see a lot of volatility in the overall global markets

Silver 1 OZ 999 NY (XAG=X) continue to see a lot of volatility in the overall global markets Silver markets went back and forth during the trading session on Thursday, as we continue to see a lot of noise in global markets. Silver of course is highly sensitive to the US dollar which of course has […]

United States Oil (USO) US crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm

United States Oil (USO) US crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm

United States Oil (USO) US crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm Oil prices rose 4.5 per cent a barrel on Wednesday to their highest level in more than a month after US crude inventories shrank and as major producers […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off Crude Oil Up, Stocks Up Notes: Tensions have been high in the Middle East after attacks on tankers and the downing of a US drone by Iran last month, following President Trump’s withdrawal from a multi-party agreement with Tehran to end its nuclear program. […]

Gold 1 OZ (XAU=X) Powell cited several concerns regarding the U.S. economy that traders are deeming dovish on monetary policy

Gold 1 OZ (XAU=X) Powell cited several concerns regarding the U.S. economy that traders are deeming dovish on monetary policy

Gold 1 OZ (XAU=X) Powell cited several concerns regarding the U.S. economy that traders are deeming dovish on monetary policy Gold prices are solidly higher and near daily highs in early U.S. trading Wednesday, following the just-released prepared text from Federal Reserve Chairman Jerome Powell for his speech to the U.S. House of Representatives. Powell cited […]

Silver 1 OZ 999 NY (XAG=X) rallied as the statement by the Federal Reserve Chairman was released ahead of his testimony in front of Congress

Silver 1 OZ 999 NY (XAG=X) rallied as the statement by the Federal Reserve Chairman was released ahead of his testimony in front of Congress

Silver 1 OZ 999 NY (XAG=X) rallied as the statement by the Federal Reserve Chairman was released ahead of his testimony in front of Congress Silver markets rallied a bit during the trading session after initially falling on Wednesday, slicing through the 200 day EMA. In fact, we even got above the $15.25 level during the […]

United States Oil (USO) persistent Iran tensions, this week’s testimony from Fed’s Powell color oil-trading sentiment

United States Oil (USO) persistent Iran tensions, this week’s testimony from Fed’s Powell color oil-trading sentiment

United States Oil (USO) persistent Iran tensions, this week’s testimony from Fed’s Powell color oil-trading sentiment Oil futures gained on Tuesday, with U.S. prices logging a fourth straight session gain, buoyed by tensions with Iran that threaten the global flow of oil and by expectations for a weekly decline in U.S. crude supplies. Concerns over […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Up, Stocks Mixed Notes: OPEC and allied producers led by Russia agreed last week to extend their supply-cutting deal until March 2020. Brent has risen nearly 20% in Y 2019, supported by the pact and tensions in the Middle East, especially the […]

Silver 1 OZ 999 NY (XAG=X) consolidating

Silver 1 OZ 999 NY (XAG=X) consolidating

Silver 1 OZ 999 NY (XAG=X) consolidating Silver markets will of course be paid attention to what the US dollar does, which will be heavily influenced by Jerome Powell and whatever conversation he has with the U.S. Congress. At this point in time, the $15 level also features a major gap that has now been filled, […]

United States Oil (USO) concerns surrounding energy demand lingers

United States Oil (USO) concerns surrounding energy demand lingers

United States Oil (USO) concerns surrounding energy demand lingers Oil futures diverged Monday, with U.S. prices up a third straight session while global benchmark Brent finished lower, as tensions with Iran, and the possibility of disruptions to oil flow in the Middle East, increased. Concerns surrounding energy demand, however, lingered. Geopolitical tensions with Iran have […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Off, Stocks Lower Notes: BoE Governor Mark Carney has said a global trade war and a no-deal BREXIT were growing risks to Britain’s economy, which might need more help to cope with a downturn. That prompted investors to increase their bets on […]

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage Gold prices are moderately higher in early U.S. trading Monday. Trading has been choppy at higher levels recently, but the bulls still have the firm overall near-term technical advantage, and that continues to invite the chart-based traders to the long side of the […]

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

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

FLASH: Gold Down, USD Up, Crude Oil Flat, Stocks Lower Notes: White House Economic advisor Larry Kudlow has confirmed top representatives from the United States and China will meet in the coming week to continue trade talks. Iran said Sunday it will shortly boost its uranium enrichment above a cap set by a landmark Y 2015 nuclear […]

Campaign to Reinstate the Gold Standard in US Gathering Momentum

Campaign to Reinstate the Gold Standard in US Gathering Momentum

$XAU, $GLD, $USD The once-fringe fantasy of a return to the gold standard is creeping back into the mainstream. It has long been dismissed as a fool’s errand, on par with abandoning the Federal Reserve and other trappings of the modern economy. Mainstream economists deride it almost without exception. Reintroducing the gold standard would “be a disaster […]

“Gold is Money, Everything Else is Credit”

“Gold is Money, Everything Else is Credit”

$XAU, $XAG, $GLD, $USD The economist John Maynard Keynes called gold a “barbarous relic”, suggesting that its usefulness as money is an artifact of the past. In an era filled with cashless transactions and hundreds of cryptocurrencies, this statement seems truer today than in Keynes’ time. But, gold also possesses elemental properties that has made […]

Every Portfolio Needs at Least 10% of Gold

Every Portfolio Needs at Least 10% of Gold

$XAU, $GLD, $USD, $EUR Shayne and I see gold testing to $1384ish and then setting up to drive North, potentially topping $1,500 oz, as interest rates head lower, central banks extend purchases, and uncertainty surrounding geopolitics and cryptocurrencies fans demand. Gold on the COMEX finished -1.4% to $1400.95 oz. “I love gold,” said Mark Mobius, […]

United States Oil (USO) weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy

United States Oil (USO) weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy

United States Oil (USO) weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy. Front-month Brent crude futures, the international benchmark for oil […]

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

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

FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: The market’s focus is Friday’s US NFPs for June, which economists expect to have risen by 160,000 in June, compared with 75,000 in May. USD firm on Friday but traders held off on making big bets ahead of the closely-watched US NFPs report that could influence […]

Hong Kong: HANG SENG INDEX (.HSI) cautious traders ignored a record-breaking lead from Wall Street

Hong Kong: HANG SENG INDEX (.HSI) cautious traders ignored a record-breaking lead from Wall Street

Hong Kong: HANG SENG INDEX (.HSI) cautious traders ignored a record-breaking lead from Wall Street Hong Kong stocks finished slightly lower today as cautious traders ignored a record-breaking lead from Wall Street, with attention now on the release of US jobs data. The Hang Seng Index eased 0.21 per cent, or 59.37 points, to 28,795.77. […]

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide?

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide?

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide? Can a rush into gold be a precursor to more negative-yielding debt worldwide? Wells Fargo asks this question in the latest note to clients as the bank views gold as overvalued at above the $1,400 an ounce level. Gold […]

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

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

All US financial markets are closed Thursday for Independence Day FLASH: Gold Down, USD Flat, Crude Oil Down, Stocks Up Notes: Top representatives of the United States and China are organizing a resumption of talks for next week to try to resolve a year-long trade dispute between the world’s 2 largest economies, Trump Administration officials said Wednesday […]

Gold (XAU) Seen Ready for More Gains

Gold (XAU) Seen Ready for More Gains

$XAU, $XAG, $GLD, $SLV, $USD Gold tested the at 1,440 again Wednesday as investors are digesting central banks related banks in Europe and the United States. Investors are waiting for Friday US NFPs report. The ECB is looking for a replacement of its President Mario Draghi, with IMF chief Christine Lagarde as a firm candidate […]

New Gold Abundant in Old Gold Mines

New Gold Abundant in Old Gold Mines

$XAU, $XAG, $GLD In Y 1848, the discovery of a gold nugget in northern California sparked the California Gold Rush, the largest mass migration in US history. Tens of thousands of 49’rs flooded the area to pan for gold. This period gave rise to the popular expression, “Mother Lode,” which is sometimes thought to mean […]

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand Silver markets went back and forth during the trading session after gapping higher on Wednesday, showing a clear range as to where the market wants to deal with. The $15.25 level underneath should be support, while the $15.50 level above should be resistance. That […]

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand Gold prices are solidly higher in early U.S. trading Wednesday, with prices overnight coming close to taking out the recent six-year high. Gold is seeing some renewed safe-haven demand, fresh chart-based buying and support coming from ongoing notions of easier central bank monetary policies. August […]

So Goes President Trump, So Goes the Market

So Goes President Trump, So Goes the Market

$DIA, $SPY, $QQQ, $RUTX FLASH: President Trump is focused on the Fed, calling for lower interest rates and a lower USD Donald J. Trump is the biggest driver of financial markets in the world, and I write about him daily in this column. Savvy participants are making money off by anticipating his moves, which are […]

United States Oil (USO) oil prices drop by nearly 5% to their lowest in 2 weeks

United States Oil (USO) oil prices drop by nearly 5% to their lowest in 2 weeks

United States Oil (USO) oil prices drop by nearly 5% to their lowest in 2 weeks Oil futures dropped by almost 5% on Tuesday, settling at their lowest in roughly two weeks. “The crude oil market has quickly digested the decision by OPEC and its allies to maintain the production cuts through next March,” said […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY Wednesday, the US financial markets are shortened, and all US financial markets are closed Thursday for Independence Day FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: Bank of England Governor Mark Carney on Tuesday flagged uncertainties stemming from trade disputes and Britain’s departure from the EU […]

Investing in Gold, We Like Miners and Royalty Streamers

Investing in Gold, We Like Miners and Royalty Streamers

$XAU, $XAG, $GLD, $SLV, $GOLD, $MTAFF For millennia man has looked at gold as a store is value. And now when the economy is questionable and when the stock market is volatile, many investors turn to gold as a safe-haven and portfolio insurance. So, if gold is on your mind now, check your goals and long-term […]

Gold 1 OZ (XAU=X) seeing some renewed demand from traders

Gold 1 OZ (XAU=X) seeing some renewed demand from traders

Gold 1 OZ (XAU=X) seeing some renewed demand from traders Gold prices are moderately higher in early U.S. trading Tuesday. The safe-haven metal is seeing some renewed demand from traders and investors as their overall risk appetite is less robust than that which was seen on Monday. August gold futures were last up $5.10 an ounce at 1,394.40. September […]

Silver 1 OZ 999 NY (XAG=X) Potential Outperformance on Gold/Silver Ratio Pullback

Silver 1 OZ 999 NY (XAG=X) Potential Outperformance on Gold/Silver Ratio Pullback

Silver 1 OZ 999 NY (XAG=X) Potential Outperformance on Gold/Silver Ratio Pullback Last week, we had highlighted that there was a risk of a pullback before another leg higher in the precious metal given that the surge over the past 1-month saw gold prices at the most overbought levels in decades (full analysis). As such, with near-term […]

United States Oil (USO) steadies but oversupply fears persist

United States Oil (USO) steadies but oversupply fears persist

United States Oil (USO) steadies but oversupply fears persist Oil prices pared gains on Monday (July 1) after worries about oversupply persisted, pulling back from an early rally as Opec extended supply cuts until March 2020 during a meeting in Vienna. The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil supply […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Up, Crude Oil Down, Stocks Mixed Notes: President Trump said Monday that any trade deal with China would need to be “somewhat tilted” in favor of the United States. The US government also threatened tariffs on $4-B of additional EU goods in a long-running dispute […]

Gold Trading By the Experts

Gold Trading By the Experts

$GLD, $XAU, $USD FLASH: Expert traders use a combination of technical analysis, sentiment analysis and fundamental analysis to determine the future price of gold. The experts gold traders use several technical, fundamental and sentiment indicators to determine the future direction of the yellow metal. Gold is viewed as both a commodity and a currency. Gold […]

Gold 1 OZ (XAU=X) prices have started to scale back after finding resistance at prior six-year-highs

Gold 1 OZ (XAU=X) prices have started to scale back after finding resistance at prior six-year-highs

Gold 1 OZ (XAU=X) prices have started to scale back after finding resistance at prior six-year-highs It was a strong month for gold as prices continued to ascend throughout June, with gains each week of the month into the end of Q2. Price action set a fresh six-year-high by breaking-out to the 1439 level; but buyers weren’t able […]

United States Oil (USO) OPEC and its allies look set to extend oil supply cuts

United States Oil (USO) OPEC and its allies look set to extend oil supply cuts

United States Oil (USO) OPEC and its allies look set to extend oil supply cuts OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Notes: The US and China agreed on Saturday to resume trade negotiations after President Trump offered concessions to his Chinese counterpart Xi when the 2 leaders met on the sidelines of the G-20 Summit in Japan. OPEC and […]

President Trump’s Successes at the Weekend Pushes Gold Below Key Technical Support

President Trump’s Successes at the Weekend Pushes Gold Below Key Technical Support

$XAU, $GLD, $SLV, $USD Gold fell 1%+ Monday to its lowest in more than a week as USD strengthened and investors opted for riskier assets after the US and China agreed to restart trade talks. Spot gold was down 1.3% at $1,391.29 oz, as of 0411 GMT, US gold futures dipped 1.3% to $1,394.90 oz. […]

Silver 1 OZ 999 NY (XAG=X) breakout could be coming

Silver 1 OZ 999 NY (XAG=X) breakout could be coming

Silver 1 OZ 999 NY (XAG=X) breakout could be coming A couple of weeks back gold price exploded out of a large wedge to highs not seen in six years, which has bullion looking bullish for the foreseeable future as long as any correction it has doesn’t lead to a drop back inside the wedge. Looking at […]

Gold 1 OZ (XAU=X) could see extreme volatility this week

Gold 1 OZ (XAU=X) could see extreme volatility this week

Gold 1 OZ (XAU=X) could see extreme volatility this week The key event that most attribute to the sharp reversal to the downside in gold last week were comments from Federal Reserve Chairman Jerome Powell and St. Louis Federal Reserve President James Bullard on June 25, which dampened hopes by some investors that Fed policymakers […]

United States Oil (USO) OPEC-Russia production deal to continue

United States Oil (USO) OPEC-Russia production deal to continue

United States Oil (USO) OPEC-Russia production deal to continue OPEC ministers meet Monday, but this weekend’s G-20 leaders summit could have much more impact on oil prices, depending on whether the outcome is good or bad for the global economy — and therefore oil demand. The world’s markets are focused on Saturday’s meeting between President Donald Trump […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Ease Notes: President Trump made clear Friday that trade is his Top priority at this G-20 Summit, as China’s Xi warned against rising protectionism and India, Japan and Russia defended multi-lateral trade rules. Investors and Traders await the meeting between […]

Silver 1 OZ 999 NY (XAG=X) resistance near $15.60

Silver 1 OZ 999 NY (XAG=X) resistance near $15.60

Silver 1 OZ 999 NY (XAG=X) resistance near $15.60 Silver will likely find resistance near $15.60 and move slightly lower before another upside price leg takes place.  Both gold and silver have begun incredible price rallies over the past 10+ days and we believe this is just the start of a much bigger price trend. DAILY […]

Gold 1 OZ (XAU=X) Prices Consolidating

Gold 1 OZ (XAU=X) Prices Consolidating

Gold 1 OZ (XAU=X) Prices Consolidating Gold prices are lower in early U.S. trading Thursday on some more normal profit taking from the shorter-term futures traders, and on chart consolidation after hitting a six-year high of $1,442.90 in August futures on Tuesday. August gold futures were last down $6.70 an ounce at 1,408.70. July Comex silver […]

United States Oil (USO) some of the advance is tied to higher crude prices ahead of the G20 meeting

United States Oil (USO) some of the advance is tied to higher crude prices ahead of the G20 meeting

United States Oil (USO) some of the advance is tied to higher crude prices ahead of the G20 meeting U.S. oil prices climbed by nearly 3% on Wednesday, as the U.S. government reported a weekly drop of nearly 13 million barrels in domestic crude stocks. Gasoline futures also rallied on news of the planned closure […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Notes: Investors and Traders await the meeting between Presidents Trump and Xi later this week for signs of a de-escalation in the trade dispute. The 2 world leaders will meet at the G-20 Summit in Japan. Just in from […]

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

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

Silver 1 OZ 999 NY (XAG=X) showing signs of confusion Silver markets went back and forth during trading on Tuesday, showing signs of confusion and exhaustion. This is a market that has been bullish, although not nearly as bullish as the Gold markets have been. But that in mind, it makes sense that we continue […]

Gold 1 OZ (XAU=X) hitting a 6-year high in US dollar terms

Gold 1 OZ (XAU=X) hitting a 6-year high in US dollar terms

Gold 1 OZ (XAU=X) hitting a 6-year high in US dollar terms The spot price of gold has continued to storm upwards, hitting a 6-year high in US dollar terms and a new all-time high in our local Aussie dollars. Spot prices overnight hit US$1,438 per ounce, which is the yellow metal’s highest price since […]

United States Oil (USO) Iran on Tuesday sharply criticized new U.S. sanctions

United States Oil (USO) Iran on Tuesday sharply criticized new U.S. sanctions

United States Oil (USO) Iran on Tuesday sharply criticized new U.S. sanctions U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran. “Slowing global growth and tensions with Iran are having an impact on the oil markets as investors […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Down “The Stars look to be aligning for the Gold market, Gold could rise as high as $1,500 by the end of the year”– PE The Big Q: Why the Melt Up? The Big A: If gold remains above previous […]

United States Oil (USO) Trump administration announces additional Iran sanctions

United States Oil (USO) Trump administration announces additional Iran sanctions

United States Oil (USO) Trump administration announces additional Iran sanctions Oil futures split two ways on Monday, with U.S. prices ending higher but global benchmark Brent crude posting a loss as the U.S. announced new sanctions on Iran. President Donald Trump on Monday signed an executive order imposing financial sanctions on Iranian leaders, according to […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Down, Crude Oil Off, Stocks Down “The Stars look to be aligning for the Gold market, Gold could rise as high as $1,500 by the end of the year”– PE The Big Q: Why? The Big A: If gold remains above previous highs […]

Gold Prices Continue to Drive North

Gold Prices Continue to Drive North

$XAU, $GLD, $USD Gold markets extended the rally Monday, that being the case, the 1400 psych mark underneath should offer support, and notably it is a large, round, psychologically significant mark. As long as the price holds above that mark, this market is Bullish to Very Bullish, but there is lots of support marks underneath […]

Gold 1 OZ (XAU=X) appears to have shifted to a “buy the dips” mentality from the “sell the rallies”

Gold 1 OZ (XAU=X) appears to have shifted to a “buy the dips” mentality from the “sell the rallies”

Gold 1 OZ (XAU=X) appears to have shifted to a “buy the dips” mentality from the “sell the rallies” Gold prices are posting good gains and are near last week’s six-year high of $1,415.40 in August futures. Safe-haven demand amid heightened geopolitical events is keeping gold prices on the rise. Also, a slumping U.S. dollar index […]

Silver 1 OZ 999 NY (XAG=X) target at $16.00 an ounce

Silver 1 OZ 999 NY (XAG=X) target at $16.00 an ounce

Silver 1 OZ 999 NY (XAG=X) target at $16.00 an ounce July silver futures bulls have the overall near-term technical advantage. Prices are in a three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $16.00 an ounce. The next downside price breakout […]

United States Oil (USO) prices on the rises as tensions remain high between Iran and the United States

United States Oil (USO) prices on the rises as tensions remain high between Iran and the United States

United States Oil (USO) prices on the rises as tensions remain high between Iran and the United States Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced. Brent futures were up 37 cents, or […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Down, Crude Oil Firm, Stocks Up Notes: Investors are awaiting an expected meeting between Presidents Trump and Xi later this week for any signs of a de-escalation in a trade dispute. The 2 world leaders will meet on the sidelines of the G-20 […]

Silver 1 OZ 999 NY (XAG=X) bulls are still feeling the positive effect of the Federal Reserve and European Central Bank leaning to easier monetary policies

Silver 1 OZ 999 NY (XAG=X) bulls are still feeling the positive effect of the Federal Reserve and European Central Bank leaning to easier monetary policies

Silver 1 OZ 999 NY (XAG=X) bulls are still feeling the positive effect of the Federal Reserve and European Central Bank leaning to easier monetary policies July silver futures bulls have the overall near-term technical advantage. Prices are in a three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective is […]

Gold 1 OZ (XAU=X) Next Target $1,450.00

Gold 1 OZ (XAU=X) Next Target $1,450.00

Gold 1 OZ (XAU=X) Next Target $1,450.00 Technically, the gold bulls have the solid overall near-term technical advantage and gained still more power today. Prices are in an accelerating seven-week-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $1,450.00. Bears’ […]

As Gold Tops $1,400 oz…

As Gold Tops $1,400 oz…

$XAU, $GLD, $USD FLASH: There has been a dramatic change in the sentiment of Gold Bugs Bold prices have risen this month, passing $1,400 oz for the 1st time since Y 2013. There have been good reasons to be Bullish the precious Yellow metal. Everything from Dovish central banks, technical indicators, negative-yielding bonds are all working […]

United States Oil (USO) higher on fears of a military confrontation between Tehran and Washington

United States Oil (USO) higher on fears of a military confrontation between Tehran and Washington

United States Oil (USO) higher on fears of a military confrontation between Tehran and Washington Oil soared more than 5% higher yesterday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington. Expectations that the US Federal Reserve could cut interest rates at its next meeting, stimulating […]

Gold 1 OZ (XAU=X) benefiting from expected interest rate cuts in the US and rising geopolitical tensions

Gold 1 OZ (XAU=X) benefiting from expected interest rate cuts in the US and rising geopolitical tensions

Gold 1 OZ (XAU=X) benefiting from expected interest rate cuts in the US and rising geopolitical tensions The gold price surged above the $1,400/oz level overnight – the first time it has broken that barrier since September 2013 – as demand for the precious metal soars on rising uncertainties. “Gold has benefited from its safe-haven […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Spiked, USD Down, Crude Oil Up, Stocks Up Notes: The Fed Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about […]

Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States

Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States

Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States Lynas Corp LYC.AX on Friday said it was stockpiling production of its major rare earth element, Neodymium Praseodymium, despite a sharp increase in prices lately as rare earths find themselves in the middle of the U.S.-China trade war. […]

Exxon Mobil Corporation (NYSE:XOM) blacklisted from Legal & General Investment Management

Exxon Mobil Corporation (NYSE:XOM) blacklisted from Legal & General Investment Management

Exxon Mobil Corporation (NYSE:XOM) blacklisted from Legal & General Investment Management Britain’s biggest investment manager has released its second blacklist of companies which are failing to address environmental concerns. Legal & General Investment Management, which manages more than £1 trillion of savers’ and pensioners’ money, assesses more than 80 of the world’s largest firms every […]

Pemex Refinery Making History as the global bond market’s largest “fallen angel” ever

Pemex Refinery Making History as the global bond market’s largest “fallen angel” ever

Pemex Refinery Making History as the global bond market’s largest “fallen angel” ever But not all the information was released. Government says some details must remain confidential to avoid higher financing costs The government’s plan to build a new oil refinery on the Tabasco coast involves high risks of flooding and other environmental problems but […]

Gold Seeing 6-Year Highs on Fed Rate Cut Signal

Gold Seeing 6-Year Highs on Fed Rate Cut Signal

$GLD, $XAU, $SLV, $USD, $AUD Gold prices spiked to a near 6-year highs Thursday after the Fed signaled it was ready to cut interest rates as early as next month to boost growth, triggering a sharp decline in the USD. Spot gold jumped 2.2% to $1,390.38 oz by 1:32 p.m. EDT (1732 GMT). Prices touched […]

No Rate Cut But……

No Rate Cut But……

Shares in Asia are broadly higher this morning after moderate gains on Wall Street yesterday. The Nikkei225 is 128 points higher as I write whilst the Hang Seng has currently gained 256 points. Gains though are being reduced from earlier highs as we approach the closing bell. Gains on wall Street yesterday of 38 points […]

United States Oil (USO) OPEC sets new ministerial meeting dates to July 1-2

United States Oil (USO) OPEC sets new ministerial meeting dates to July 1-2

United States Oil (USO) OPEC sets new ministerial meeting dates to July 1-2 Oil futures settled modestly lower on Wednesday, giving up the gains they saw in the immediate wake of U.S. government figures that revealed a larger-than-expected drawdown in crude stockpiles, the first in three weeks. The supply draw “helped ease some of the […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Spiked, USD Down, Crude Oil Up, Stocks Up Notes: The Fed Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about […]

Gold 1 OZ (XAU=X) experiencing a corrective pullback from recent gains

Gold 1 OZ (XAU=X) experiencing a corrective pullback from recent gains

Gold 1 OZ (XAU=X) experiencing a corrective pullback from recent gains Gold prices are modestly lower in early morning U.S. trading Wednesday, on a corrective pullback from recent gains and some position-squaring by the shorter-term futures trades ahead of this afternoon’s FOMC statement. August gold futures were last down $3.60 an ounce at 1,346.90. July Comex silver prices were last […]

Silver 1 OZ 999 NY (XAG=X) bears have the overall near-term technical advantage

Silver 1 OZ 999 NY (XAG=X) bears have the overall near-term technical advantage

Silver 1 OZ 999 NY (XAG=X) bears have the overall near-term technical advantage July silver futures bears have the overall near-term technical advantage. However, prices are in a three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the June high of $15.15 […]

United States Oil (USO) rose more than US$1 a barrel after news that China and the United States were resuming trade talks

United States Oil (USO) rose more than US$1 a barrel after news that China and the United States were resuming trade talks

United States Oil (USO) rose more than US$1 a barrel after news that China and the United States were resuming trade talks Oil prices rose more than US$1 a barrel on Tuesday after news that China and the United States were resuming trade talks ahead of a meeting at the G-20 summit later this month, […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Up Notes: President Trump said Tuesday he will have an extended meeting with Chinese President Xi at the G-20. The world’s 2 largest economies are in the middle of a costly trade dispute that has pressured financial markets […]

President Trump Vs Fed, Gold Wins

President Trump Vs Fed, Gold Wins

$XAU, $GLD, $USD President Trump continues his relentless attacks against the Fed and their strong dollar Tuesday with his most recent Tweets: “This is because the Euro and other currencies are devalued against the dollar, putting US at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don’t […]

Gold 1 OZ (XAU=X) investors cautioned from buying the precious metal at current price levels

Gold 1 OZ (XAU=X) investors cautioned from buying the precious metal at current price levels

Gold 1 OZ (XAU=X) investors cautioned from buying the precious metal at current price levels Wells Fargo said that gold could hit $1,400 an ounce soon, but still cautioned investors from buying the precious metal at current price levels, noting that the metal’s downside potential is much higher than its upside. “It wouldn’t shock us […]

Silver 1 OZ 999 NY (XAG=X) struggling to get excited

Silver 1 OZ 999 NY (XAG=X) struggling to get excited

Silver 1 OZ 999 NY (XAG=X) struggling to get excited Large speculators upped their bullish positioning in gold futures sharply for the third straight reporting week for data compiled by the Commodity Futures Trading Commission, but the net long has risen so fast that some market watchers now wonder if gold prices might not be due for […]

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