Gold, the Safe-haven Investment Alternative

Gold, the Safe-haven Investment Alternative

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Gold: Conditions Setting Up for the Price to 2X

Gold: Conditions Setting Up for the Price to 2X

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

Sentiment is a Volatile Motivator

Sentiment is a Volatile Motivator

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

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

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

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

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

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

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

Gold Prices Finished Lower on Profit Taking

Gold Prices Finished Lower on Profit Taking

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

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

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

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

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

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

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

Gold 1 OZ (XAU=X) Markets Spiked Again

Gold 1 OZ (XAU=X) Markets Spiked Again

Gold 1 OZ (XAU=X) Markets Spiked Again Gold markets have shot straight up in the air on Tuesday, reaching towards the $17 level. The size of the candle is quite impressive, and it does suggest that perhaps demand for gold is starting to pick up again quite drastically, but one thing that is worth paying attention […]

Silver 1 OZ 999 NY (XAG=X) Markets Shoot Straight Up In The Air As Federal Reserve Goes All In

Silver 1 OZ 999 NY (XAG=X) Markets Shoot Straight Up In The Air As Federal Reserve Goes All In

Silver 1 OZ 999 NY (XAG=X) Markets Shoot Straight Up In The Air As Federal Reserve Goes All In Silver markets rallied significantly during the trading session on Tuesday, breaking above the psychologically important $14 level. That being said, the market is likely to see some type of pullback in the short term. Given enough time, […]

Gold, the ‘Currency of Last Resort’, Price Spikes

Gold, the ‘Currency of Last Resort’, Price Spikes

$XAU $GLD, $BAR, $XAG $SLV Tuesday, Gold prices marked their largest daily percentage gainer in more than 10 yrs as the precious Yellow metal extended its rally on demand/supply issues and moves by the Fed to address the coronavirus crisis. The Fed announcement Monday “signals there is a new sheriff in town as the Fed […]

Copper Surfaces and Covid-19 Coronavirus

Copper Surfaces and Covid-19 Coronavirus

$CU There has been a lot of media about the fact COVID-19 lives for just 4 hrs on copper Vs on steel or plastic. The Big Q: What does that mean?  The Big A: Copper is antimicrobial, meaning it can kill bacteria and viruses, sometimes within mins.  There have been multiple studies showing its effectiveness […]

President Trump Meets with Wall Street Investors on Reopening Economy

President Trump Meets with Wall Street Investors on Reopening Economy

$DIA, $SPY $QQQ $RUTX $VXX Tuesday morning, President Trump spoke to several billionaire hedge fund and private equity managers about reopening the US economy that over the past 4 wks ground to a halt due to the coronavirus outbreak. President Trump is re-evaluating whether or not to call for people to return to work as […]

Gold Price Extended its Rally on Fed Action, Goldie says, Time to Buy

Gold Price Extended its Rally on Fed Action, Goldie says, Time to Buy

$GS, $XAU $GLD $XAG $SLV $PLAT $USD Gold extended its rally toward 1,600 oz after the Fed took unprecedented measures to protect the US economy from the coronavirus shock, with Goldman Sachs (NYSE:GS) saying bullion’s probably at an inflection point and it is time to buy. The precious metal rallying with risk assets, after the […]

Silver 1 OZ 999 NY (XAG=X) The Fed Helps Almost All Asset Classes

Silver 1 OZ 999 NY (XAG=X) The Fed Helps Almost All Asset Classes

Silver 1 OZ 999 NY (XAG=X) The Fed Helps Almost All Asset Classes The most important catalyst for all asset classes today is the U.S. Federal Reserve decision to expand its quantitative easing program. Due to the severity of the coronavirus crisis, the Fed decided that it will not set any limits to its market […]

Gold Sellers Opt for Bucks Due to Coronavirus

Gold Sellers Opt for Bucks Due to Coronavirus

$XAU $GLD $XAG $SLV $PLAT $USD Gold prices fell Monday as investors stockpile cash, with a rising numbers of coronavirus-led national lockdowns threatening to overshadow stimulus measures from global central banks to combat the economic damage. Spot gold edged down 0.2% to 1,494.63 oz by 0320 GMT, after rising as much as 3.1% in the […]

Gold: An Investment Theme in the Midst of the Global Pandemic

Gold: An Investment Theme in the Midst of the Global Pandemic

$XAU $GLD $XAG $SLV The correcting stock market and global coronavirus pandemic have triggered sudden and irreversible demand for precious metals Each decade has a distinct investment theme. As the decade unfolds, one asset class rises to the Top and outperforms everything else. Below are some examples, as follows: During the 1990’s, the stock market […]

Silver 1 OZ 999 NY (XAG=X) market showing the $12 level will be crucial

Silver 1 OZ 999 NY (XAG=X) market showing the $12 level will be crucial

Silver 1 OZ 999 NY (XAG=X) market showing the $12 level will be crucial Silver markets went back and forth during the trading session on Thursday, showing the $12 level will be crucial, as it has been in the past. By bouncing around the way, it has, it suggests that the market is ready to give […]

Silver 1 OZ 999 NY (XAG=X) Markets Continue to Form Base

Silver 1 OZ 999 NY (XAG=X) Markets Continue to Form Base

Silver 1 OZ 999 NY (XAG=X) Markets Continue to Form Base Silver markets broke down a bit during the trading session on Wednesday, slicing below the $12.00 level again. This is an area that is important on longer-term charts, but at this point I am looking to see whether or not it is going to hold. […]

Gold Price Technical Outlook

Gold Price Technical Outlook

$GC $XAU $GLD Gold futures rose Tuesday, rebounding from a 5-session decliner after the Fed’s announcement to boost lending eased fears over a contraction in liquidity. US equity markets recovered some after Monday’s steep decliner, after the Fed stepped in and putting more liquidity into the economy. This triggered the relief rally in gold because […]

Gold Finished Lowest since December, Silver Lowest Finish in 10+ Yrs

Gold Finished Lowest since December, Silver Lowest Finish in 10+ Yrs

$XAU $GLD $XAG $SLV $USD Monday, gold futures fell to settle at their lowest mark since December, and silver futures finished at their lowest mark in over 10+yrs, as the Fed’s emergency decision to slash interest rates failed to stem losses in the stock market, sending traders scrambling for cash. Prices for the 2 precious […]

Silver 1 OZ 999 NY (XAG=X) Markets extraordinarily negative

Silver 1 OZ 999 NY (XAG=X) Markets extraordinarily negative

Silver 1 OZ 999 NY (XAG=X) Markets extraordinarily negative Silver markets were extraordinarily negative during the trading session on Thursday and sliced through the $16.00 level. By doing so, the market shows just how weak it is, because the area had been so supportive in the past. Looking at the size of this candlestick, it’s […]

A Stock Market Crash Shield Shines with Gold and Silver 1 OZ 999 NY (XAG=X)

A Stock Market Crash Shield Shines with Gold and Silver 1 OZ 999 NY (XAG=X)

A Stock Market Crash Shield Shines with Gold and Silver 1 OZ 999 NY (XAG=X) A stock market crash shield in the colors of gold and silver shines brightly as investors increasingly seek to buy those precious metals to profit when stocks sink. The importance of having investments that tend to climb when equities fall […]

Barrick Gold (NYSE:GOLD) Data Suggests a Buy Signal

Barrick Gold (NYSE:GOLD) Data Suggests a Buy Signal

$GOLD Barrick Gold Corp (NYSE:GOLD) marked a 3.5 yr high at 22.44 on 24 February and paused, the data now suggests the stock is flashing a buy signal as it nears a historically Bullish trendline. Barrick Gold stock has come within 1 standard deviation of its 40-Day MA following an extended period above the trendline, defined for […]

Global Markets and Commodities

Global Markets and Commodities

$GLD $XAU $OIL $USO $USD $MSCI Crude Oil and global equity markets bounced back after the Monday’s losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors are still cautious. The price of Brent Crude Oil climbed 10% on hopes a […]

Gold 1 OZ (XAU=X) Prices Fall After Failure to Hold Above $1,700

Gold 1 OZ (XAU=X) Prices Fall After Failure to Hold Above $1,700

Gold 1 OZ (XAU=X) Prices Fall After Failure to Hold Above $1,700 Gold prices fell on Tuesday as risk assets stabilized in the aftermath of Monday’s rout, while higher bond yields also helped to restore the relative attractiveness of other havens than bullion. By 12 PM ET (1600 GMT), gold futures for delivery on the […]

Gold Price Consolidates Up Here

Gold Price Consolidates Up Here

$XAU $GLD $USD Monday, Gold prices attempted to break out and made their highs during the Asian trading hours. Prices eased lower and ending the session unchanged, after rising 28 oz at their highs. The 10-yr T-Note yield hit a a mark of .49 bpts down another 15-bpts from Friday. Investors have now baked in […]

Silver 1 OZ 999 NY (XAG=X) below the $17.00 level

Silver 1 OZ 999 NY (XAG=X) below the $17.00 level

Silver 1 OZ 999 NY (XAG=X) below the $17.00 level Silver has started the week with losses. Currently, silver is trading at $16.96, down $0.65 or 2.16% the day. Silver Slips on Demand Concerns Silver continues to show sharp swings. The metal gained 4 percent last week, but has already given up about half of […]

Gold 1 OZ (XAU=X) Prices Pull Back After Breaking $1,700 on Risk Asset Meltdown

Gold 1 OZ (XAU=X) Prices Pull Back After Breaking $1,700 on Risk Asset Meltdown

Gold 1 OZ (XAU=X) Prices Pull Back After Breaking $1,700 on Risk Asset Meltdown Gold prices hit their highest levels in eight years on Monday on a fresh wave of panicked flight-to-safety trades across the world that also drove U.S. and European government bond yields to historic lows. However, after briefly breaking through the $1,700 […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA $SPY $QQQ $RUTX $GLD $XAU $USO $VXX Wow, what a week it was, it really was! Technical Analysis: The move Thursday was not encouraging for a continued relief move, much less anything else. The Big Qs: Was it the end of the relief move? Would the jobs report help spring the move higher, given that […]

Gold Breaks Above 1,700 on Safe-haven Demand

Gold Breaks Above 1,700 on Safe-haven Demand

$GLD $XAU $USO $OIL $SPY $USD Gold broke above 1,700 oz on a into safe- havens intensified, with the upswing driven by turmoil in the Crude Oil market, the spread of the coronavirus, sinking equities, and expectations of easier monetary policy. The precious Yellow metal hit its highest mark since Y 2012 as Brent collapsed, […]

Crude Oil Prices Have Collapsed, More Southside Ahead

Crude Oil Prices Have Collapsed, More Southside Ahead

$OIL $USO $GLD $SPY $XAU $JPY Crude Oil markets tumbled more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price-war between Saudi Arabia and Russia. Brent Crude Oil futures suffered the 2nd-largest drop on record in the opening secs of trading in Asia, behind only the dive during the Gulf War […]

Jittery Investors Flock to Gold, Silver 1 OZ 999 NY (XAG=X)

Jittery Investors Flock to Gold, Silver 1 OZ 999 NY (XAG=X)

Jittery Investors Flock to Gold, Silver 1 OZ 999 NY (XAG=X) Silver has posted small gains on Friday. Currently, silver is trading at $17.54, up $0.65 or 0.65% the day. Jittery Investors Flock to Gold, Silver Silver prices have rebounded this week, with gains of 5.22%. After last’s week disaster, when silver fell almost 10%, […]

Gold Has Biggest Weekly Gainer Since 2016

Gold Has Biggest Weekly Gainer Since 2016

$XAU $GLD $USD Gold futures posted their biggest weekly gainer in more than 4 years on concerns about the spread of the coronavirus and it possible effects on financial markets. Prices neared 7-yr highs before a sell-off in equities forced investors to cash in gains in gold to cover losses in the stock market. The […]

Safe Haven Surge Has Only Just Begun for Silver 1 OZ 999 NY (XAG=X) and Silver Miners

Safe Haven Surge Has Only Just Begun for Silver 1 OZ 999 NY (XAG=X) and Silver Miners

Safe Haven Surge Has Only Just Begun for Silver 1 OZ 999 NY (XAG=X) and Silver Miners Amid the precious metals rally that was set off by the rapid spread of coronavirus and uncertainty around the ability to contain it, gold prices had ratcheted up to a seven-year high. While silver lagged the gains of […]

Gold 1 OZ (XAU=X) price today rockets to lifetime high on Coronavirus fears; experts still bullish

Gold 1 OZ (XAU=X) price today rockets to lifetime high on Coronavirus fears; experts still bullish

Gold 1 OZ (XAU=X) price today rockets to lifetime high on Coronavirus fears; experts still bullish Gold price today climbed its lifetime high of as much as Rs 43,912 per 10 gms on Coronavirus pandemic spread over 75 countries. The commodity market experts have said that the precious yellow metal will further go upward as […]

Gold Price Taps Overhead Resistance

Gold Price Taps Overhead Resistance

$XAU $GLD $USD The Gold markets have broken above 1650, but gave back the gains showing signs of exhaustion. Gold futures settled 1.40 lower (-0.1%) to 1,643.00 oz as action quieted down a bit following Tuesday’s spike higher, and ,DXY is up about 0.3% at 97.40. Now if the market break down it is likely that […]

Silver 1 OZ 999 NY (XAG=X) Markets Slam Into 200 Day EMA After Surprise Rate Cut

Silver 1 OZ 999 NY (XAG=X) Markets Slam Into 200 Day EMA After Surprise Rate Cut

Silver 1 OZ 999 NY (XAG=X) Markets Slam Into 200 Day EMA After Surprise Rate Cut Silver markets have been rallying during the trading session after the surprise 50 basis point rate cut during the session by the Federal Reserve. This of course had money flowing into the precious metals markets, because of course the […]

Gold 1 OZ (XAU=X) Prices Surge on Surprise Fed Rate Cut

Gold 1 OZ (XAU=X) Prices Surge on Surprise Fed Rate Cut

Gold 1 OZ (XAU=X) Prices Surge on Surprise Fed Rate Cut Gold prices surged higher on Tuesday as the Federal Reserve surprised market participants with a 50-basis point interest rate cut. The Fed has not performed an inter-meeting cut since 2008 during the great financial crisis. The Fed pointed to the uncertainty over the coronavirus […]

The Gold Rally is Just Getting Started

The Gold Rally is Just Getting Started

$XAU $GLD $XAG $SLV $USD Gold spiked Tuesday, rising 49, at 1,638 oz. There will be more gains as more investors view the precious Yellow metal as insurance against financial market instability at a time of ultra-low interest rates. Gold got a lift from the Fed’s anticipated move Tuesday to cut its Key short-term rate […]

Gold 1 OZ (XAU=X) jumps, stocks slide after Fed’s rate cut

Gold 1 OZ (XAU=X) jumps, stocks slide after Fed’s rate cut

Gold 1 OZ (XAU=X) jumps, stocks slide after Fed’s rate cut Global equity markets slid on Tuesday and the yield on 10-year U.S. Treasuries fell below 1% for the first time after the Federal Reserve cut interest rates to shield the U.S. economy from the impact of the fast-spreading coronavirus. Gold prices surged and the […]

Silver 1 OZ 999 NY (XAG=X) Prices are Rallying, Where Should Investors Look to Take Profits?

Silver 1 OZ 999 NY (XAG=X) Prices are Rallying, Where Should Investors Look to Take Profits?

Silver 1 OZ 999 NY (XAG=X) Prices are Rallying, Where Should Investors Look to Take Profits? It’s been a wild week in the markets, and the silver lining for the precious metals sector is that the sell-off finally pushed some off the offside and wildly bullish small speculators out of their positions. In addition, the […]

Gold and Silver Futures Up Almost 2% Monday

Gold and Silver Futures Up Almost 2% Monday

$XAU $XAG $GLV $SLV $USD Gold futures rebounded Monday, tacking on nearly 2% after suffering the sharpest drop since Y 2013 in the previous session, finding support as central banks promise to act appropriately to mitigate the effect of a viral outbreak that is expected to hurt global economies and supply chains. Bank of Japan […]

Silver 1 OZ 999 NY (XAG=X) Markets Struggled

Silver 1 OZ 999 NY (XAG=X) Markets Struggled

Silver 1 OZ 999 NY (XAG=X) Markets Struggled Silver markets have gotten hammered during the trading session although they are positive while I am recording this. The market trying to rally and recover some of the losses from Friday but has seen the 200 day EMA offer quite a bit of resistance. Perhaps this is […]

Gold Price Technical Outlook

Gold Price Technical Outlook

$GLD $XAU Friday, April COMEX gold settled at 1566.70, down 75.80 or -4.61%. The move was driven by professional and hedge funds selling as the 2 major players sought to raise cash to meet margin calls and to offset tremendous losses in the stock market. The gold market posted its biggest weekly decliner since November. Despite the […]

Silver 1 OZ 999 NY (XAG=X) will likely climb higher on coronavirus fears

Silver 1 OZ 999 NY (XAG=X) will likely climb higher on coronavirus fears

Silver 1 OZ 999 NY (XAG=X) will likely climb higher on coronavirus fears As coronavirus panic intensifies around the globe — the list of countries touched by the virus has climbed to nearly 60, more than 86,000 people have been infected and over 2,900 have died — what is next for the markets? The gold […]

Gold Markets Continue to Attract Capital Inflow

Gold Markets Continue to Attract Capital Inflow

$GLD $XAU $USD Gold markets rallied Thursday, but there is selling pressure clusterer above. The market contmay inue to struggle with the notion of safety, and of course gold is 1 of the 1st places people look. USD has not been hit, that puts more upward pressure on precious metals in general. If USD started to […]

Silver 1 OZ 999 NY (XAG=X) Falls as on Demand Fears

Silver 1 OZ 999 NY (XAG=X) Falls as on Demand Fears

Silver 1 OZ 999 NY (XAG=X) Falls as on Demand Fears Silver markets did very little during the trading session, which is quite interesting considering the stock markets around the world are collapsing. This suggests that perhaps people are starting to look at the industrial component of silver just as much as it is the […]

Gold 1 OZ (XAU=X) Central Banks Still Reluctant to Call for Rate Cuts

Gold 1 OZ (XAU=X) Central Banks Still Reluctant to Call for Rate Cuts

Gold 1 OZ (XAU=X) Central Banks Still Reluctant to Call for Rate Cuts Gold prices are trading higher on Thursday after a late pick-up in demand the previous session following the test of a one-week low. After a surge to its highest level in seven years on Monday, prices have drifted mostly sideways to lower. […]

Gold Marks a 2nd Straight Session Loss in a “Corrective Pullback”

Gold Marks a 2nd Straight Session Loss in a “Corrective Pullback”

$XAU $GLD $XAG $SLV Gold prices finished lower Wednesday, building on the prior session’s retreat, even as worries remain over the spread of coronavirus outside of China. “It appears the bearish aspect of reduced consumer demand for the precious metals amid the potential for a slowdown in global economic growth is presently trumping the safe-haven […]

Gold 1 OZ (XAU=X) price action suggests investor indecision

Gold 1 OZ (XAU=X) price action suggests investor indecision

Gold 1 OZ (XAU=X) price action suggests investor indecision Gold futures are trading nearly flat on Wednesday, but inside yesterday’s range as investors continue to assess the potential damage from the coronavirus outbreak on the global economy. The price action actually suggests investor indecision. Remember that gold is an investment and not a safe-haven asset […]

Silver 1 OZ 999 NY (XAG=X) sitting at the 50 day EMA

Silver 1 OZ 999 NY (XAG=X) sitting at the 50 day EMA

Silver 1 OZ 999 NY (XAG=X) sitting at the 50 day EMA Silver market participants continue to be a bit stagnant during the trading session on Wednesday after the initial gapped lower. That being the case, the market looks likely to see a lot of noise in this area as we are simply sitting at […]

Silver 1 OZ 999 NY (XAG=X) headed lower

Silver 1 OZ 999 NY (XAG=X) headed lower

Silver 1 OZ 999 NY (XAG=X) headed lower Silver has reversed directions on Tuesday and posted slight losses. Currently, silver is trading at $18.34, down $0.28 or 1.56% the day.  Silver Rally Fizzles Out Silver has been on an excellent run, climbing 6 percent since February 12. However, the rally has stopped on Tuesday, as […]

Gold 1 OZ (XAU=X) falls from 7-year high on profit-taking

Gold 1 OZ (XAU=X) falls from 7-year high on profit-taking

Gold 1 OZ (XAU=X) falls from 7-year high on profit-taking Gold prices fell 1% on Tuesday as investors chose to pocket profits after the metal hit a seven-year high in the previous session, although growing fears over a spike in new coronavirus cases outside of China capped bullion’s losses. FUNDAMENTALS * Spot gold was down […]

Gold is in the Midst of a Perfect Storm

Gold is in the Midst of a Perfect Storm

$GLD $XAU $SLV $XAG $USD $EUR Concerns about the human and economic cost of the coronavirus continues to drive the need for strategic diversification and safe haven demand. Pro-cyclical commodities such as crude oil and copper meanwhile saw their recent recovery falter in face of renewed concern over the virus spreading outside of China. Commodity […]

Gold 1 OZ (XAU=X) Breaks Out to Fresh 7-Year Highs

Gold 1 OZ (XAU=X) Breaks Out to Fresh 7-Year Highs

Gold 1 OZ (XAU=X) Breaks Out to Fresh 7-Year Highs Gold prices hit fresh 7-year highs rising above 1,623 and settling near 1,619. This comes despite a surge in the US dollar which nearly hit 100 on the dollar index for the first time since 2012.  Historically, as the dollar increases in value, gold prices […]

Gold Rally Lifts Silver 1 OZ 999 NY (XAG=X) Prices

Gold Rally Lifts Silver 1 OZ 999 NY (XAG=X) Prices

Gold Rally Lifts Silver 1 OZ 999 NY (XAG=X) Prices It has been an excellent week for silver, as the metal has gained an impressive 4.5% this week. This is shaping up to be silver’s strongest week since the last week in August, when silver jumped 5.3%. The coronavirus, which shows no signs of being […]

Gold 1 OZ (XAU=X) Markets Show Strength

Gold 1 OZ (XAU=X) Markets  Show Strength

Gold 1 OZ (XAU=X) Markets Show Strength Gold markets have initially pulled back a bit during the trading session on Thursday but found enough support just above the $1600 level to turn around and go higher. There are plenty of concerns around the world when it comes to growth, and that of course helps gold. […]

Gold Prices Drive North

Gold Prices Drive North

$XAU $GLD $USD Gold markets rallied Wednesday as we continue to see the markets drive higher. It is now above 1600 so it is likely to continue to mark the longer-term target at 1800. Short-term pullbacks continue to offer buying opportunities for value, with the 50-Day EMA underneath at 1550, it is very important for the […]

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

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

Silver 1 OZ 999 NY (XAG=X) show signs of exhaustion Silver markets have recently broken above the downtrend line on the chart that I have drawn, showing a resiliency that the market should continue to go higher. To the upside, the market reached towards the $18.50 level before pulling back a bit. Having said that, […]

Gold 1 OZ (XAU=X) Markets Break Barriers

Gold 1 OZ (XAU=X) Markets Break Barriers

Gold 1 OZ (XAU=X) Markets Break Barriers Gold markets rallied significantly during the trading session showing signs of strength again as we have broken above the $1600 level. By doing so, the market looks as if it is ready to continue going higher, perhaps breaking above the most recent high just above that level. If […]

Gold Prices Broke Out to Fresh 7-Yr Highs

Gold Prices Broke Out to Fresh 7-Yr Highs

$XAU $GLD $USD Tuesday, Gold prices broke out, to fresh 7-year highs as concerns over declining growth do to the coronavirus buoyed the precious Yellow metal. The rally in gold comes despite a surge in the USD to fresh multi-year highs. The 10-year US yield is trading near the low end of its 5-yr range […]

Silver 1 OZ 999 NY (XAG=X) Confirms Strength that Points to Higher Prices

Silver 1 OZ 999 NY (XAG=X) Confirms Strength that Points to Higher Prices

Silver 1 OZ 999 NY (XAG=X) Confirms Strength that Points to Higher Prices Silver showed new strength on Tuesday as it advanced above a minor swing high of $17.87. That was the next price point to watch where silver could see some resistance. It did not, and therefore the move gives a new sign that […]

Gold 1 OZ (XAU=X) Markets Continue To Look Bullish

Gold 1 OZ (XAU=X) Markets Continue To Look Bullish

Gold 1 OZ (XAU=X) Markets Continue To Look Bullish Gold markets have continued to look very bullish over the last several weeks, and at this point it looks as if the market is trying to get towards the $1600 level. The $1600 level above continues to offer plenty of resistance as it has been the […]

Silver 1 OZ 999 NY (XAG=X) Bullish Breakout

Silver 1 OZ 999 NY (XAG=X) Bullish Breakout

Silver 1 OZ 999 NY (XAG=X) Bullish Breakout Silver strengthened on Monday as it reached a 10-day intraday high following a bullish breakout last Friday. In addition, last week’s high was exceeded providing an initial bullish signal on a weekly time frame. Bullish Breakout in Silver A breakout of a descending trend channel occurred last […]

Silver 1 OZ 999 NY (XAG=X) Price Rallies Into The Weekend

Silver 1 OZ 999 NY (XAG=X) Price Rallies Into The Weekend

Silver 1 OZ 999 NY (XAG=X) Price Rallies Into The Weekend Silver markets have rallied a bit into the weekend, as the market is dancing around the 50 day EMA yet again. We have recently bounced from an uptrend line, so that of course is a bullish sign as well. Given enough time, the market […]

Gold 1 OZ (XAU=X) Prices Rally Ahead of US Holiday Weekend on Virus Fears

Gold 1 OZ (XAU=X) Prices Rally Ahead of US Holiday Weekend on Virus Fears

Gold 1 OZ (XAU=X) Prices Rally Ahead of US Holiday Weekend on Virus Fears Gold prices moved higher on Friday as concerns over the coronavirus cases, and how it might erode global growth helped increase the risk premium in the capital markets. Gold which is considered a safe haven asset moved higher. Bonds rallied weighing […]

ETFs the Key Driver for Gold’s Gains Over the Last Year

ETFs the Key Driver for Gold’s Gains Over the Last Year

$GLD $IAU $XAU Gold ETFs are the go-to choice to easily and quickly gain exposure to the precious Yellow metal. According to DataTrek research, ETF investors have been a Key driver of the 18.4% full-year gainer in gold prices, even as global demand for the precious Yellow metal dipped 1%. The data suggested that the […]

Buying Gold: Physical Vs ETFs

Buying Gold: Physical Vs ETFs

$XAU $GLD Gold has been valued as a currency, commodity and investment for thousands of years, and is popular among today’s investors because it can be used as a hedge against currency devaluation, inflation, or deflation, and due to its ability to provide a “safe haven” during times of economic uncertainty. The gold market is highly liquid and there […]

Gold Price Facings Headwinds at the 1600 oz Mark

Gold Price Facings Headwinds at the 1600 oz Mark

$GLD, $XAU Gold markets rallied some Thursday, reaching towards 1580 an area that has attracted attention recently, but longer-term it’s likely that the market is going to try to get to the psych mark at 1600. At this point, gold will have to break through headwinds at 1600, so a daily close above that Key resistance […]

Silver 1 OZ 999 NY (XAG=X) Looking To Test Trendline

Silver 1 OZ 999 NY (XAG=X) Looking To Test Trendline

Silver 1 OZ 999 NY (XAG=X) Looking To Test Trendline Silver markets fell a bit during the trading session on Wednesday, showing signs of weakness again. Ultimately, the market looks very likely to continue drifting a little bit lower to reach towards the significant uptrend line just below. It should also be noted that the […]

Silver 1 OZ 999 NY (XAG=X) getting close to a major trendline

Silver 1 OZ 999 NY (XAG=X) getting close to a major trendline

Silver 1 OZ 999 NY (XAG=X) getting close to a major trendline Silver markets fell during the trading session on Wednesday, as we continue to see bits and pieces of weakness. Having said that, the market looks as if it is getting close to a major trendline, which of course will attract a lot of […]

Gold 1 OZ (XAU=X) continues to trade sideways

Gold 1 OZ (XAU=X) continues to trade sideways

Gold 1 OZ (XAU=X) continues to trade sideways Gold prices edged lower on Wednesday and continue to trade sideways. Prices appear to be turning over, as concerns over the coronavirus subside. The dollar surged higher breaking out to fresh 4-month highs which are generating headwinds for gold prices. US yields moved higher and riskier assets […]

The Yield Curve and Gold’s Price

The Yield Curve and Gold’s Price

$XAU $GLD When the spread between 10-yr and 3-mo Treasuries bottomed out, the price of gold rose above 1,580. And the current fears about coronavirus may support it in the short-term. However, fears about prior virus outbreaks were overblown as is this 1, and the current anxiety looks to be temporary. The yield curve has […]

Silver 1 OZ 999 NY (XAG=X) investors will be watching to see how the Fed assesses the impact of the coronavirus outbreak

Silver 1 OZ 999 NY (XAG=X) investors will be watching to see how the Fed assesses the impact of the coronavirus outbreak

Silver 1 OZ 999 NY (XAG=X) investors will be watching to see how the Fed assesses the impact of the coronavirus outbreak Silver is essentially flat, down $0.07 or -0.38% to $17.73, as markets wait for Federal Reserve Chairman Jerome Powell to begin his semiannual testimony in front of the U.S. Congress at 10am EST. […]

Gold 1 OZ (XAU=X) Prices Rise as Virus Developments Keep Haven Demand Supported

Gold 1 OZ (XAU=X) Prices Rise as Virus Developments Keep Haven Demand Supported

Gold 1 OZ (XAU=X) Prices Rise as Virus Developments Keep Haven Demand Supported Gold prices rose again on Monday, back toward their highest levels in a week, after dismal economic data from Europe reinforced demand for haven assets amid discouraging news flow out of China with regard to the coronavirus. Prices were supported by falling […]

Silver 1 OZ 999 NY (XAG=X) Remains Stuck in Consolidation

Silver 1 OZ 999 NY (XAG=X) Remains Stuck in Consolidation

Silver 1 OZ 999 NY (XAG=X) Remains Stuck in Consolidation So far, silver is up slightly on the day, advancing $0.035 or 0.20% to $17.72. Strength in the dollar has kept downward pressure on commodity prices in recent weeks, including silver. The U.S. Dollar index (DXY) reached a new trend high today as it moves […]

Gold 1 OZ (XAU=X) traders betting heavily on a stock market decline

Gold 1 OZ (XAU=X) traders betting heavily on a stock market decline

Gold 1 OZ (XAU=X) traders betting heavily on a stock market decline Gold is trading higher on Friday shortly after the cash market opening and the release of the U.S. Non-Farm Payrolls report. Driving the market higher is lower demand for risky assets driven by a sell-off in global equity markets. U.S Treasury yields are […]

Could Silver 1 OZ 999 NY (XAG=X) Break-out like it did in 2011?

Could Silver 1 OZ 999 NY (XAG=X) Break-out like it did in 2011?

Could Silver 1 OZ 999 NY (XAG=X) Break-out like it did in 2011? Silver is expected to begin the 2020s newly burnished, through a combination of higher industrial and investment demand, and tightened supply owing to mine production issues and output cuts. If it does, it would be the continuation of a trend that started […]

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