Gold Need Something Special to Power Through the Key Resistance

Gold Need Something Special to Power Through the Key Resistance

$XAU $GLD August Gold gaped higher early Thursday, then faded finishing at, + $5.05 higher (+0.4)% at $1427.85 oz Not a surprise because because of the resistance in here, so, it is going to take something special to power this market higher. Gold looks to be consolidating to build up enough pressure to finally break above […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Firm, Crude Oil Up, Stocks Off Notes: The International Monetary Fund (IMF) Wednesday said the dollar was overvalued by 6% to 12%, based on near-term economic fundamentals. With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched […]

Survivor Guide “Buy Gold on Paradigm Shift in Global Markets”

Survivor Guide “Buy Gold on Paradigm Shift in Global Markets”

$DIA, $SPY, $QQQ, $RUTX, $XAU, $GLD, $VXX Billionaire Investment Guru, Ray Dalio thinks the current era of low interest rates and QE may be coming to an end, and his answer to a new market paradigm that could see escalating conflict between capitalists and socialists is simple, Buy Gold. “I believe that it would be […]

Silver 1 OZ 999 NY (XAG=X) charts that are turning more bullish

Silver 1 OZ 999 NY (XAG=X) charts that are turning more bullish

Silver 1 OZ 999 NY (XAG=X) charts that are turning more bullish Gold and silver prices are solidly higher in midday U.S. trading Wednesday. The two precious metals saw technical buyers pick up the pace today, amid charts that are turning more bullish, especially for silver, which hit a nearly four-month high today. August gold futures were last up $12.90 […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Firm, Crude Oil Up, Stocks Mixed Notes: With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched out arguments Tuesday on how deep the cut should be, even as a 3rd said she needs more data before […]

Silver 1 OZ 999 NY (XAG=X) pushed to a nearly four-month high

Silver 1 OZ 999 NY (XAG=X) pushed to a nearly four-month high

Silver 1 OZ 999 NY (XAG=X) pushed to a nearly four-month high Gold prices are modestly down in midday U.S. trading Tuesday. Some stronger U.S. economic data gave the monetary policy doves some pause on their notions of several interest rate cuts in the coming months. Meantime, silver futures pushed to a nearly four-month high today […]

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 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 […]

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 […]

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 […]

 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. […]

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 […]

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, […]

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 […]

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 […]

“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, […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 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 […]

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 […]

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 […]

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 […]

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 […]

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 Flat, Crude Oil Down, Stocks Off Notes: The New York Fed said Monday that its gauge of business growth in New York state posted a record fall this month to its weakest level in more than 2.5 years, suggesting an abrupt contraction in […]

Gold ‘Paused’ Ahead of FOMC Policy Announcement

Gold ‘Paused’ Ahead of FOMC Policy Announcement

$XAU, $GLD Gold prices edged lower Monday, as markets await a decision from the Fed policy makers Wednesday. Both the Bank of England and the Bank of Japan are scheduled to make monetary policy decisions too. While the Fed is expected to keep rates unchanged there is a chance that the Fed will cut rates. […]

Silver 1 OZ 999 NY (XAG=X) unable to convincingly break the 200-day moving average

Silver 1 OZ 999 NY (XAG=X) unable to convincingly break the 200-day moving average

Silver 1 OZ 999 NY (XAG=X) unable to convincingly break the 200-day moving average Silver’s recent break above $15.00 did not for long as the 200-day moving average, currently around $15.05, continues to act as strong resistance to a move higher. Silver has broken above the longer-dated moving average three times in the last two weeks […]

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 Subdued, USD Up, Crude Oil Up, Stocks Firm Notes: A Reuters poll showed a growing number of economists expect the Fed policymakers to cut interest rates this year, although the majority still see it holding steady. In Asia Gold: Gold prices subdued Monday after retreating from […]

Silver 1 OZ 999 NY (XAG=X) may give healthy returns in the latter part of 2019

Silver 1 OZ 999 NY (XAG=X) may give healthy returns in the latter part of 2019

Silver 1 OZ 999 NY (XAG=X) may give healthy returns in the latter part of 2019 The price of silver in comparison with the price of gold is at a 26-year low. The ratio of gold price to silver price is currently around 90, the highest after March 1993. A higher ratio indicates that silver […]

Fed Saying, “Got Gold”

Fed Saying, “Got Gold”

$XAU, $GLD, $USD Mr. Market started seriously pricing in the possibility of interest rate cuts. To be fair, the signal came from the Top of the economic politburo that matters that being the Federal Reserve. Speaking at an event at the Chicago Fed last Tuesday, Chairman Jerome Powell hinted that the Fed would likely cut […]

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 Off Notes: China will release May industrial production along with retail sales and investment numbers at 0700 GMT, analysts expect any improvement from April’s downbeat readings will be mostly marginal. Economists polled by Reuters expect industrial production in China […]

Silver 1 OZ 999 NY (XAG=X) Investors focusing on the Persian Gulf Tensions

Silver 1 OZ 999 NY (XAG=X) Investors focusing on the Persian Gulf Tensions

Silver 1 OZ 999 NY (XAG=X) Investors focusing on the Persian Gulf Tensions Gold prices are firmly higher in midday U.S. trading Thursday, boosted on safe-haven buying interest on news of another attack on big ships in the Persian Gulf region. August gold futures were last up $6.90 an ounce at $1,343.70. July Comex silver prices were last up $0.127 […]

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 Off, Crude Oil Up, Stocks Off Notes: Crude Oil surges after report of tanker incident in Gulf of Oman near Iran In Asia Gold: Gold prices advanced Thursday as demand for the safe-haven metal rose on expectations of an interest rate cut by the Fed […]

US Stocks “Paused to Refresh”, Gold Finished Higher

US Stocks “Paused to Refresh”, Gold Finished Higher

$DIA, $SPY, $SOX, $QQQ, $RUTX, $USD, $XAU, $GLD, $VXX Total CPI increased 0.1%, as expected, as did core CPI, which excludes food and energy prices. The monthly changes left the Y-Y readings at 1.8% and 2.0%, respectively, versus 2.0% and 2.1% for the 12 months ending in April. The Key takeaway from the report is […]

Silver 1 OZ 999 NY (XAG=X) outlook hinges on the next move in gold

Silver 1 OZ 999 NY (XAG=X) outlook hinges on the next move in gold

Silver 1 OZ 999 NY (XAG=X) outlook hinges on the next move in gold Last week, gold rallied strongly into a major zone of resistance, measuring from the February peak at 1347 up to the July 2016 high at 1375. The macro-wedge has a top-side trend-line running over from 2014, with several important connecting points […]

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 Steady, Crude Oil Falls, Stocks Off Notes: US Crude Oil inventories rose by 4.9-M bbl in the week ended 7 June to 482.8-M bbl, according to data from the American Petroleum Institute (API) Tuesday. That compared with analyst expectations for a decrease of 481,000 […]

Silver 1 OZ 999 NY (XAG=X) price tries to recover

Silver 1 OZ 999 NY (XAG=X) price tries to recover

Silver 1 OZ 999 NY (XAG=X) price tries to recover Silver markets gapped initially during the trading session on Tuesday, but then pulled back to fill that gap to find signs of support. By forming a tiny hammer, this suggests that we are going to try to recover the massive bearish candle from the Monday session, […]

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 Steady, USD Up, Crude Oil Up, Stocks Up Notes: President Trump will meet Chinese President Xi on the sideline of G-20 leaders’ meeting late this month to seek compromise on trade and other economic issues. In Asia Gold: Gold held steady Tuesday after posting its biggest 1-day percentage […]

Silver 1 OZ 999 NY (XAG=X) very likely that we have seen at the very least a short-term top

Silver 1 OZ 999 NY (XAG=X) very likely that we have seen at the very least a short-term top

Silver 1 OZ 999 NY (XAG=X) very likely that we have seen at the very least a short-term top Silver markets fell rather hard during the session on Monday, slicing through the $14.75 level, showing just how difficult it’s going to be to continue to go higher. What’s even more interesting is that the candle stick […]

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 Off, USD Flat, Crude Oil Up, Stocks Up Notes: Investors are still hoping that President Trump will meet Chinese President Xi on the sideline of G-20 leaders’ meeting late this month to seek compromise on trade and other economic issues. Ahead of the Summit, G-20 […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Eased, USD Flat, Crude Oil Steady, Stocks Flat Notes: Crude Oil in still Bear Market territory. Bank of America Merrill Lynch said this week “global oil demand growth is running at the weakest rate since 2012” at below 1-M BPD, and that this was “leading the selloff” […]

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 Off, Stocks Flat Notes: Crude Oil in Bear Market territory. Bank of America Merrill Lynch said this week “global oil demand growth is running at the weakest rate since 2012” at below 1-M BPD, and that this was “leading the selloff” in […]

Silver 1 OZ 999 NY (XAG=X) keep an eye on gold as it tries to work into resistance

Silver 1 OZ 999 NY (XAG=X) keep an eye on gold as it tries to work into resistance

Silver 1 OZ 999 NY (XAG=X) keep an eye on gold as it tries to work into resistance Nothing new here, silver is lagging behind gold. It does have potential to squeeze a bit, though. The other day if finally broke a steadfast trend-line running off the February peak and is currently challenging the 200-day […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Bounced Notes: USD struggled near 7 week lows Wednesday after Fed officials hinted at the possibility of an interest rate cut in the face of rising risks to trade and global growth. JPMorgan expects the Fed to cut rates 2X […]

Silver 1 OZ 999 NY (XAG=X) prices pop above price channel

Silver 1 OZ 999 NY (XAG=X) prices pop above price channel

Silver 1 OZ 999 NY (XAG=X) prices pop above price channel 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 lower […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Off, Stocks Fell Notes: JPMorgan expects the Fed to cut rates 2X this year, a major change from its previous forecast that rates will stay on hold until the end of Y 2020. The benchmark 10-yr Treasury yield fell to its lowest […]

Silver 1 OZ 999 NY (XAG=X) speculators buying into dips but selling rallies

Silver 1 OZ 999 NY (XAG=X) speculators buying into dips but selling rallies

Silver 1 OZ 999 NY (XAG=X) speculators buying into dips but selling rallies Large speculators moved back into gold during the last reporting week for positioning data compiled by the Commodity Futures Trading Commission, although these accounts remained pessimistic toward most of the metals with more industrial characteristics, including silver, analysts said Monday. This continued a back-and-forth trend […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Off, Stocks Mixed Notes: Fighting to stave off punitive tariffs announced by President, a senior Mexican delegation was set to begin high level talks Monday in Washington, where it will be pushed to do more to hold back Central American migrants. […]

Silver 1 OZ 999 NY (XAG=X) formed a hammer potential bullish indicator

Silver 1 OZ 999 NY (XAG=X) formed a hammer potential bullish indicator

Silver 1 OZ 999 NY (XAG=X) formed a hammer potential bullish indicator Silver markets initially fell during the trading sessions that made up the week, but at this point it’s still a bit early to say. The fact that we formed a hammer is a very bullish sign though so keep that in mind. I do […]

No Country is Safe from Trump’s Tariffs

No Country is Safe from Trump’s Tariffs

$GLD, $XAU, $SLV, $USD, $GOLD, $NEM, $VXX FLASH: Gold is finally seeing some bullish momentum as trade ructions escalate, fueling the biggest rally among the top miners in seven months. President Trump’s plan to impose a 5% tariff on all Mexican goods over illegal immigration rattled financial markets, boosting the haven appeal of the precious […]

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

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

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Down, Stocks Down Notes: Global stocks will continue their drive North, but an escalation of the US-China trade dispute poses the biggest risk, Reuters polls of over 200 equity strategists, analysts and fund managers from around the world found. President Trump […]

Gold 1 OZ (XAU=X) poised to continue on breaking support levels

Gold 1 OZ (XAU=X) poised to continue on breaking support levels

Gold 1 OZ (XAU=X) poised to continue on breaking support levels Gold has been clinging to the trend-line from August for the better part of the past 5 weeks, with it only once lifting off it with any meaning. That may soon change as the trend from the February high looks poised to continue on […]

Silver 1 OZ 999 NY (XAG=X) Leading the Way Lower

Silver 1 OZ 999 NY (XAG=X) Leading the Way Lower

Silver 1 OZ 999 NY (XAG=X) Leading the Way Lower The other day silver once again validated the trend-line running down off the February high with another solid drop following a retest. Stay below the trend-line and the outlook will remain neutral at best in the near-term, but broadly bearish. It’s the clear leader on […]

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

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

$GLD, $BTC, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Steady, Crude Oil Up, Stocks Mixed Notes: Global stocks will continue their drive North, but an escalation of the US-China trade dispute poses the biggest risk, Reuters polls of over 200 equity strategists, analysts and fund managers from around the world found. […]

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

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

$GLD, $BTC, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Down Notes: US markets turned hot and fast late Tuesday with high volume trade across the board after coming off the holiday weekend. Asia, focus remains on the ongoing US-China trade dispute. President Trump said Monday that […]

Silver 1 OZ 999 NY (XAG=X) struggles. with technical resistance

Silver 1 OZ 999 NY (XAG=X) struggles. with technical resistance

Silver 1 OZ 999 NY (XAG=X) struggles. with technical resistance A soft start for silver this week as the three-month downtrend remains dominant and currently caps any upside moves. Silver remains under all three moving averages and below the 23.6% Fibonacci retracement level at $14,92. To initiate a turn higher, silver will need to break […]

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

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

$GLD, $BTC, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY Markets were subdued Monday with the financial markets in the UK and the United States being closed for Holidays. FLASH: Gold Off, USD Up, Crude Oil Mixed, Stocks Up Notes: Trade concerns also remain high on investors’ list of concerns. President Trump said Monday that Washington […]

Silver 1 OZ 999 NY (XAG=X) bounced from support but still bearish

Silver 1 OZ 999 NY (XAG=X) bounced from support but still bearish

Silver 1 OZ 999 NY (XAG=X) bounced from support but still bearish A bounce from $14.40 happened in the previous week and silver escaped breakdown below $14.40. At the current time, there is no bullish follow-through by the bull yet. The precious metal might hover near the current level with the top of the channel […]

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