#election #metals #mining #energy #jobs #PresidentTrump $XAU $XAG $GLD $SLV $CU $USO With less than a wk to go before the US Presidential election, there is growing speculation as to what a Joe Biden or President Trump win might mean for metals prices and the mining industry overall. Gold prices have performed well over the […]
#inflation #gold #crudeoil #commodities #inflation #bullmarket $XAU $GLD $USD $USO $OIL $CU $USD $GS Goldman Sachs reportedly is forecasting a Bull market for commodities in 2021 based on its outlook for a weaker USD, inflation, and the prospect of further economic and fiscal stimulus. Analysts at the bank Thursday predicted a 12-month return of 30% […]
#gold #silver #USD #prices $XAU $GLD $XAG $SLV $DXY $USD ‘If gold does not break out above 1935 real soon, then get ready for a move back to 1880“– Paul Ebeling Gold prices edged higher for a 3rd day running early Wednesday, driring the precious Yellow metal above a 1-wk peak and toward a 5-wk high, as […]
#gold #price #election #PresidentTrump $XAU $GLD $USD The SPDR Gold Shares (NYSE:GLD) is the largest gold-backed exchange-traded fund, it has retreated from recent highs but it is up 24.37% YTD. In the run-up to this Presidential election GLD and other gold ETFs may be in the headlight, but history tells up indicates gold and the other precious metals are […]
#gold #dollar #price $XAU $GLD $XAG $SLV $USD $DXY “Gold and USD have a very special relationship, together they share an inverse relationship.”— Paul Ebeling In other words, the price of gold and USD often head in opposite directions. When the price of USD goes up, gold tends to go down, and when the price […]
#investment #opportunities #election $RUTX $XAU $GLD “Savvy investors are look beyond US elections toward the global economic recovery by betting on risky asset classes.”– Paul Ebeling The recent US stock correction was a “risk-shedding event” that provides an opportunity during an election year. Historically, US stocks have performed well in the runup to elections. Combined […]
#gold #FOMC #price $XAU $GLD $USD The gold futures contract gained 0.66% Monday, as it continued to fluctuate following the recent advance. Recently gold was retracing a rally from around 1,800 to 7 August record high of 2,089.20 in reaction to USD advance, among other factors. Then gold has bounced off the support level marked by mid-August […]
#gold #silver #dollar #stimulus $XAU $GLD $XAG $SLV $USD $ICE “Like stocks, the gold market believes the Fed’s easy money plus big deficit spending by government will beat COVID-19’s deeply deflationary impact“– Paul Ebeling Gold futures rose Monday on a softer USD and fresh talk of a aid/relief/stimulus deal supporting prices for the precious Yellow […]
#gold $XAU $GLD $USD The Fundamentals Central banks worldwide are committed to suppressing interest rates and printing money to solve their nation’s debt problems. Eventually, they will be forced to default or devalue, they will devalue. The Technicals Gold forms a major bottom every 8-yrs. The last low came in Y 2016. The next one should […]
#gold #XAU #GLD $XAG $SLV $USD “Gold will remain range-bound in the short term. The market will wait through the weekend and look for news.” — Paul Ebeling Gold held the 1,900 mark in trading Friday, with gains capped by a firm USD, but bullion remained headed for its biggest weekly rise in 8 wks […]
#gold #silver #investing $XAU $XAG #GLD $SLV $PLAT $USD The Advantage of Investing in Both Gold and Silver Investing in both gold and silver may well provide the best of both worlds. As the investor can benefit from the price stability and long-term growth of gold, while still being able to benefit from silver’s ability […]
#Gold $XAU $GLD Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in Y 2021 after a slowdown this year. We see demand from the official sector rising to about 450 toners after a drop to 375 tonnes this year, which would be the lowest […]
#gold #silver $XAU $XAG $GLD $SLV $USD $DXY Gold fell over 3% Monday, sliding to its lowest mark in more than a month, as uncertainty over more US fiscal stimulus pressured the precious metals complex along with a stronger USD. Silver dove 9.4% to 24.25 as of 11:17a EDT, its lowest level in over a […]
#gold #money #banks #COMEX $XAU $GLD $USD The world’s largest 50 investment banks are on track to 2X their income from precious metals this year to around $2.5-B, most of it from gold, Coalition, a banking consultancy said Sunday. “$1.2-B was the earnings pool last year. This year we already crossed that number,” said Coalition’s […]
#Gold $XAU $GLD $USD Gold: Technical analysis Gold prices moved lower unable to gain momentum bouncing at support near the 50-Day MA at 1,932. Prices pushed back through short term support is seen near the 10-Day MA near 1,944. Top range resistance is seen near the September highs at 1,979. Medium-term momentum has turned positive […]
#USD #Gold #investors #debt #Fed $XAU $GLD $USD $DXY The reason USD became the world’s reserve currency is that America has had the largest, strongest steadily growing and conservatively financed economy and a stable political system anchored in the US Constitution. Yet for USD to continue to be valued, the world has to believe in it. […]
#gold #cash #royalty #streaming $WPM Wheaton Precious Metals: this royalty stock makes good sense for more conservative accounts looking to have exposure to the precious metals sector. Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian precious metals streaming company with approximately 60% of its revenues from the sale of silver and 40% from gold. Under […]
#GoldBugs #investors #metal $XAU $GLD $USD There always have been the hard core gold bug investors and Wall Street analysts who tout the precious Yellow metal and stay overweight regardless of demand and the macro picture. The bottom line is that, from an asset allocation standpoint, all structured portfolios need a weighting to precious metals […]
#gold #silver #market #price #COMEX #USD $XAU $XAG $GLD $SLV $USD The Big Q: What happened in the gold and silver markets last week? The Big A: Ka-Boom! This is the USS New Jersey (BB-62) firing a 9 gun broadside at dusk in the Gulf of Thailand, August 1986. How do I know that? I […]
#gold #silver #USD $GLD $XAU $SLV $XAG $USD Gold extended its strong Bull run Thursday, driven by expectations of more monetary response to the virus chaos. Spot gold hit an all-time high of 2,069.21oz and was up 0.8% at 2,055.87 at 2:10p EDT (1810 GMT). US gold futures settled 1% higher at 2,069.40. Data showed US jobless claims fell […]
#gold #silver #COMEX $XAU $GLD #XAG $SLV Tuesday, spot gold rose to a record above 2,000oz as investors continue to seek safe-haven for their assets due to economic and geopolitical risks. Gold has rallied in the past year as the C-19 coronavirus chaos prompts unprecedented amounts of aid/relief/stimulus to bolster economies, including lower rates, which […]
#gold #silver #safety #asset #coins #bars #jewerly $XAU $XAG $GLD $SLV $USD The Big Q: Why is gold marking all time highs now? The Big A: Why Not! Gold’s as a safe-haven investment during turbulent market environments is well known and this means physical precious metals may continue to go up in value. The Big […]
#gold #silver #price #record #COMEX #Fed #ETFs $XAU $GLD $XAG $SLV $USD Friday, gold rose to a new record, driven by demand, USD weakness and low interest rates, and silver posted its best month since Y 1979. Spot bullion is up more than 10% in July its best month since Y 2016 as US real yields […]
$XAU $GLD $XAG $SLV $USD $GOLD Gold steadied as investors paused after a record-breaking rally that saw futures touch 2,000oz for the 1st time. Futures and spot prices backed off from the wide swings that shook the market earlier as traders assessed the outlook for a host of drivers including Fed policy, with the FOMC meeting this […]
#AsiaPacific #stock #markets #rally #dollar #gold #WallStreet #C19coronavirus #USChina #Fed #FOMC #Congress #yen #safehaven $DIA $SPY $QQQ $RUTX $XAU $GLD $USD #JPY Asian stock markets advance after Wall Street rally, gold extends, USD falls The price of gold rose 38.80 to 1,969.80oz Tuesday, up 2% to another record high. It is unusual for the price […]
#gold #silver #dollars #currencies #risk #Fed #interestrates #USChina $XAU $GLD $XAG $SLV $USD Spot gold topped 1,900oz for the 1st time since September 2011 and edged closer to an all-time high with flaring geopolitical tensions and concern over global growth driving demand for save-haven assets. Gold marked a 7th wkly gainer, the longest run since […]
#gold #XAU #GLD #silver #XAG #SLV #rally #USD #Treasuries #yields #interest #Fed $XAU $GLD $XAG $SLV $USD Deepening negative real yields in the US Treasury market are driving a this rally in gold that is seeing the precious Yellow metal moving toward record highs. Bullion has gained 24% this year and is about $40 from […]
#gold #silver #dollar #rally #safehaven #insurance #recovery #demand $XAU $GLD $XAG $SLV $USD Wednesday, Gold rose to a 9-yr high as an escalation in US-China tensions fueled demand for safety, while silver followed bullion’s rally to hit a near 7 yr high on expectations of a recovery in industrial demand. Spot gold hit its highest […]
#investors #stocks #earnings #bonds #gold #Fed $SPY $GLD $XAU The S&P 500 (NYSEARCA:SPY) is selling for 28X earnings. That is above the 25-yr MA of 25 but implies an equivalent interest rate of 3.6%. The 10-yr Treasury yield is less than 0.7%, and the Fed is committed to keeping rates low. Stocks outperform bonds by a wide margin […]
#gold #miners #WallStreet #investors #risk #C19coronavirus #banks #stimulus $NEM $GOLD Last yr precious-metals miners were seen by Wall Street as too leveraged and high-risk for the typical investor, but they raised $2.4-B in secondary equity offerings during Q-2 of this year. That is the most since Y 2013 and 7X more than the funds they […]
#gold #silver #virus #China #uptrend #inflation $XAU $GLD $XAG $SLV $USD Gold prices eased Thursday on a stronger USD, though concerns over rising C-19 coronavirus cases and US-China tensions is keeping bullion close to a 9-yr high. Spot gold was down 0.3% to 1,805.62oz by 0705 GMT, just 12 shy of its highest since September […]
#gold #stocks #commodities #bonds #cash #value #growth #C19coronavirus #election #volatility #Fed #risk #recovery $BAC After slashing cash piles by the most in a decade last month, fund managers with $570-B are hanging on to their dry powder amid this historic epic stock rally. Investors surveyed by Bank of America Corp (NYSE:BAC) boosted average cash holdings […]
#gold #stock #market #yield #opportunity #USD #safehaven #asset #investors #negative #interest #stimulus #Fed #inflation #rally $GLD $XAU $USD Negative real yields mean opportunity cost of holding gold disappears. Traditionally Gold has been thought of as a safe-haven asset. But that has not stopped it from rising to 9-yr highs, and within striking distance of its […]
#VALE #ValeSA #miner #Aristocrat #metals #ferrous #precious #gold #silver #copper #iron #steel #Brazil #bullish #Buy #platinum #cobalt #coal $VALE Vale S.A. (NYSE:VALE) broke out on 29 May and confirmed on 8 July, this giant miner is now on our Buy list with a target price at 18/share The stock closed Wednesday at 10.76 Vs it […]
#Gold #XAU #GLD #HUI #WGC #bullion #precious #metal #asset #USD C19cronavirus #China #HeffCap #inflation $XAU $GLD $USD The price of gold has risen above the 1,800 psych mark Spot gold up 17% in the 1st 6 months of Y 2020 Gold ETF net inflows in i-H of Y 2020 exceeds full year record set in […]
#gold #miners #precious #metals #gold #silver # investors #pattern #coronavirus #bullish $HUI $GDX $RING $SGDM $GDXJ The rising prices of precious metals since March have boosted the mining sector and now we are seeing sharp Northside ticks across many Key mining funds. Here we look at some of them to get an idea of the […]
#PaulEbeling #WallStreet #money #trading #investing #vaccine #coronavirus $DIA $SPY $QQQ $RUTX $PFE $VXX Last Week’s Action Pfizer Inc.’s (NYSE:PFE) announcement regarding a C-19 coronavirus vaccine boosted sentiment Stocks start Q-3 higher, leaders continue to lead. The Institute for Supply Management (ISM) signals strong expansion. FOMC mins show that the Fed plans to buy bonds for […]
#gold #COMEX #coronavirus #bullion #metal #inflation #HefCap #Fed $XAU $GLD Gold futures rose above 1,800 oz for the 1st time in more than 8 yrs as low interest rates, China tensions and virus chaos are driving demand for the precious Yellow metal as a safe-haven. Bullion for August delivery rose as much as 1.3% to […]
$XAU $SPY $VIX $VXX The last few months have been super for the US stock market and for gold Few thought in March that the S&P 500 would be back above 3,000, the DJIA would be back above 25,000 and the NAS would mark new all-time highs in late June. As we roll into the Summer Doldrums there are signs of […]
$DIA $SPY $QQQ $RUTX $$GLD $XAU $VXX The Bulls are clearly in control on Wall Street, but the US stock market sentiment data picture is confusing for many participants now, as there is lots of professional of pessimism about current stock pricing Vs retail optimism. It is a tug-of-war scenario. This shows up in the […]
$XAU $GLD $USD The Latin phrase Premeditatio Malorum tells us to prepare for all evils, and that means to prepare investment portfolios for all risks. It may take more time than most expect for the world economy to recover from the psychological and financial impacts of The China Virus chaos. But what that chaos proved was that […]
$XAU $XAG $GLD $SLV $USD Gold, forests, property stocks, inflation-linked bonds, these are just some of the assets investors are betting lots money into on the view that the recent explosion of government spending and Fed stimulus may rouse inflation from its 10 yrs+ sleep. If inflation really is “the dog that didn’t bark”, failing […]
$XAU $GLD $XAG $SLV $USD $GS Goldie raises 12-month gold forecast by 11% to $2,000 oz; Silver’s 12-month forecast at $22 oz Gold prices are likely to reach $2,000 oz in 12 months on the back of low real interest rates and concerns over currency debasement, even as developed markets emerge from C-19 coronavirus chaos […]
$DIA $SPY $QQQ $RUTX $GLD $XAU S&P 500 futures Vs fair value: +19.90. NAS Com futures Vs fair value: +85.40 There is a new Fund Manager Survey is out Wednesday, and it shows improvement in sentiment, and that only 18% of participants believe in this V-shaped recovery plus, 50%+ of the respondents see this rally […]
$.DXY $USO $GLD $XAU A Key measure of USD is the ICE US Dollar Index .DXY, -0.12%, and it has been weakening over the past 30 days, down 3.9%, but is up a bit YTD, rising 0.1%, according to FactSet data. The index measures USD Vs a basket of 6 peer currencies, including the EURUSD, +0.03%, the GBPUSD, 0.29% and USDJPY, +0.06%. A weaker USD has […]
$XAU $GLD $XAG $SLV $PLAT Gold rose Monday after the prior session’s decline, that boosted by hopes of dovish monetary policy from the FOMC Wednesday. Spot gold rose 0.5% to 1,692.86 oz by 12:23 p ET (1623 GMT) US gold futures rose 0.9% to 1,698.10 oz Expect the Fed to continue to continue it dovish […]
$XAU $GLD Gold backed ETFs added 623 tonnes of the precious Yellow metal worth $34-B to their stockpile from January to May, exceeding in 5 months every full-year increase on record, the World Gold Council (WGC) said Thursday. In May alone, the increase was 154 tonnes, it said. Many investors think gold is likely to […]
$XAU $KL A quality gold mining stock is an easy entry into the gold market. Kirkland Lake Gold Ltd. (NYSE:KL) is a Canadian HQ’d gold producer with Key operating mines located in Canada and Australia: Detour Lake, Fosterville and Macassa. It also owns and operates the Holt Complex, which includes 3 wholly owned mines and […]
$SA $XAU $CU The case fo Seabridge Gold (NASDAQ:SA): The company’s projects are in western and northern Canada. During Q-1, Seabridge announced a revised production outlook at its KSM project, in northern British Columbia. The new outlook includes a 44-yr plan to recover up to 19.6 oz of gold and 5.4-B lbs of copper. SA […]
$DIA $SPY $QQQ $RUTX Negative interest rates in the US were once taboo. The C-19 coronavirus chaos changed that, and has forced investors to give serious thought to the implications of such a drastic policy shift. Rate options, which gauge monetary policy expectations, Monday implied a 23% probability that the Key federal funds rate will […]
$XAU $GLD Gold rose 1% Monday to its highest in more than seven years as dismal U.S. data underscored how badly the C-19 coronavirus chaos has damaged the world’s Top economy, while Palladium soared over 9% on better-than-expected demand outlook. Spot gold was up 1% at 1,759.13 oz by 0708 GMT, after rising to its […]
$XAU $GLD $VXX $USD The Big Q: How High is Too High for the precious Yellow metal? Q-1 of Y 2020 was positive for gold prices, as the chart below shows. The precious Yellow metal gained 6.2% from 31 December 2019 to 31 March 2020, moving from 1,515 to 1,609 oz. In April, gold rallied to 1,693, increasing […]
$NEM Newmont Corp. (NYSE:NEM): Deutsche Bank reiterated its Buy rating and raised its price target to 70 from 54. NEM has seen its shares surge since merging Newmont and Goldcorp to create the world’s Top gold-mining stock. With a market cap of $50-B, the company is loving the price of gold at near 10 yr […]
$GLD $XAU $USD The US once was on a gold standard. This meant people could exchange their Bucks for a fixed amount of gold. The US moved away from a strict gold standard in the 1930’s, and President Nixon abandoned it altogether in Y 1971. Since then, the USD has been a “fiat currency.” Meaning […]
$NEM Newmont Corp (NYSE:NEM) the world’s largest gold miner, posted a more than a 9X jump in Quarterly profit Tuesday buoyed by higher output mainly from its new Goldcorp assets and a surge in gold prices on a rise in safe-haven asset demand due to the C-19 coronavirus chaos. Net income attributable to shareholders rose […]
$GDX $GLD $XAU $GOLD $NEM $USD Gold is regarded as a safe-haven in times of market uncertinty, and it is Money. Investors can gain exposure to the gold industry by buying stocks of companies engaged in the exploration and mining of the precious Yellow metal. Some of the major players in the gold industry include mining companies […]
$XAU $GLD Gold traded lower Thursday en route to its best month since Y 2016 on the massive amounts of stimulus from governments worldwide intended to stem the economic damage caused by the COVID-19 coronavirus outbreak. Bullion usually benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency […]
$DIA $SPY $QQQ $RUTX $USO $USD $GLD $VXX Thursday, the market opened in the Red as some profit-taking into April’s month-end happened. The market has been climbing that wall of worry the last few sessions improving the charts in all 3 major US stock market indexes, and thus turning all Key technical indicators Very Bullish. […]
$XAU $GLD $XAG $SLV $USD Gold slipped for a 3rd day running as countries moves toward easing stay at home restrictions and reopening economies lessened desires for safe-haven assets. Spain announced loosening measures after Tuesday’s weekly cabinet meeting. France’s PM to present the blueprint for opening up to the National Assembly. Several US states have […]
$XAU $GLD Retail buyers for gold coins and bars are now paying a healthy premium per oz for the precious Yellow metal. Retail consumers who want to buy gold coins usually have to pay more than the per-ounce prices quoted on financial markets in London and New York. That premium has jumped to $135 oz, […]
$GLD $XAU $SLV $XAG $USD Australia’s largest gold refinery has ramped up production of 1 kilogram bars to ease the supply squeeze in the US that helped propel a surge in the premium for New York futures. The collapse in air travel that’s grounded passenger jets used to transport gold products and virus-related disruptions to some […]
$XAU XAG $PLAT As the COVID-19 pandemic erupted, so too did demand for newly minted platinum, gold, and silver coins from the US Mint. In times of crisis and doubt, investors move some assets to safe-havens. The demand is so high it is currently stripping the Mint’s supply. And if history is any indicator, it […]
$XAU $GLD $BAC $USD Bank of America Corp. (NYSE:BAC) raised its 18-month gold-price target to 3,000 oz more than 50% above the existing price record in a report titled “The Fed Cannot Print Gold.” The bank increased its target from 2,000 previously, as policy makers across the globe open huge amounts of fiscal and monetary […]
$XAU $GLD The pattern looks to me like gold is going to continue the longer-term uptrend so I will stay Bullish in here, I believe that the gold markets will continue to attract attention of safe haven seeking investors around the world. Gold Price Predictions Video 21.04.20 Pullbacks at this point should continue to attract […]
$GLD $XAU $USO $OIL $USD At the moment, the sharp move down in Crude Oil is Bullish gold prices Monday will go down in the scrap books as a historic day for Crude Oil prices, but energy-exposed stocks did not collapse as some envisioned. The price on the futures contract for WTI Crude Oil that […]
$GLD $XAU $SLV $XAG $USD With the Fed printing lots of cash, rising inflation is a possibility. If that is the case, gold will to do well. On Top of that, gold has proven its reputation as a good investment throughout these past few months, it is up 16% YTD. While stocks absolutely plunged in response […]
$XAU $GLD $USD Gold traded just off 7-yr highs Thursday as investors bet the precious Yellow metal price would swell as the COVID-19 chaos reshapes financial markets. Futures for June delivery inched up 0.3% to 1,746 oz, holding just below their April high of 1,768. Gold is up 16% YTD, thanks to investors who view it as a […]
$XAU $GLD Gold prices rose 1% Thursday as investors sought safe-havens after dour US economic reports exacerbated fears of a global recession amid central banks’ efforts to stem the financial rout from the coronavirus outbreak. Spot gold was up 0.9% at 1,730.49 oz by 1104 GMT, erasing losses driven by profit-taking and a stronger USD […]
$GLD, $XAU, $SPY, $USD Bridgewater Associates’ Ray Dalio, founder of the world’s largest hedge fund, said investors would be “crazy” to hold government bonds now because of money printing by central banks to rescue the global economy. “This period, like the 1930-45 period, is a period in which I think you’d be pretty crazy to […]
$XAU $GLD $XAG $SLV Gold extended its rally to mark it highest level in almost 8 yrs on concern that the health crisis will have a deep and lasting effect on the global economy, thus boosting demand for the safe-haven. Futures in New York moved close to 1,800 oz, a mark last seen in Y […]
$XAU $GLD Gold extended its strong rally to hit the highest mark in more than 7 years on concern that this health crisis will have a devastating effect on the global economy, hammering corporate earnings while driving demand for safe-havens. COMEX futures in New York moved closer to 1,800 oz, the mark last seen in […]
$XAU $GLD Gold markets broke above the Key 1700 psych mark last week, and then on Top of that closed at the Top of the range on the week. But, there is a lack of volume which is interesting considering that we are seeing the same thing in the stock markets. So, we will get a […]
$GOLD, $BTG, $NEM In times of high volatility, precious metals see increased purchases as investors seek a safe-haven. Gold is the tradition safe-play, the place where savvy investors can put their money and watch it hold its value. With gold in a long term uptrend, stock investors are buying in to and they are doing […]
$GLD, $XAU $GOLD $NEM Thursday, Gold prices spiked after the Trump Fed announced a $2.3-B ‘Big Bang’ lending program to cushion Main Street from disruptions caused by the COVID-19 coronavirus. Gold futures for April delivery climbed 4.25% to over 1,736.20 oz to close at their highest mark since December 2012. In the last 6 wks there have huge […]
$GLD $XAU Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies. Flows in ETFs highlight short-term and long-term opinions and desires to holding gold. The data tracks gold held in physical form by open-ended ETFs and […]
$XAU $GLD Gold prices in Asia are trading lower Wednesday morning despite continuing economic uncertainty. The precious Yellow metal continued its losses from the previous session as gold futures were down 0.22% to 1,680 by 9:33 PM ET (2:33 AM GMT). Gold prices tend to move in the opposite direction from stocks, but the 2 moved in the same direction for the 2nd day running. Asian stock markets opened mixed Wednesday with some […]
$XAU $GLD $XAG $SLV $PLAT $USD $JPY $MTA Gold prices spiked up Monday, extending a 3-session rally Monday gold futures for delivery on the COMEX exchange were up nearly 3% or +47.60 at 1693.30 just shy of the intra-day high at 1695.90. That was the highest mark in 2 wks, in a rally driven by […]
$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, […]
$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 […]
$GC $XAU $GLD Just in: Gold rose more than 1% Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at 1,592.83 per ounce by 0730 GMT, having slumped 3.1% in the prior session on a […]
$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, […]
$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 […]
$DIA $SPY $QQQ $RUTX $BLK $CS $JPM Stocks extended their rally after the Senate and Fed took unprecedented measures to protect the US economy from the coronavirus shock, with Black Rock (NYSE:BLK), Credit Swiss (NYSE:CS) and other big Wall Street banks said Thursday night that the major US stock market indexes marked at an inflection […]
$GC $XAU $GLD $USD Gold futures in New York soared for a 2nd session running Tuesday on continued reaction to the Fed’s extraordinary measures to help an economy ravished from the coronavirus pandemic and demand/supply issues. The Fed revealed Monday several programs including lending against student loans, credit card loans and US government backed-loans to […]
$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 […]
$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 […]
$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 […]
$XAU $GLD “In today’s market the traditional rules are out of order and there is nothing that can be classified as safe-haven, not even gold with its 5000 yrs tradition.” This underlines that fundamentally gold has an undisputed recognition as a reserve asset, but just now, it does not function as it normally does. Be […]
$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 […]
$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 […]
$DIA $XAU $USO What a wild week; I am overwhelmed! In my articles I usually find a narrative theme in which to insert my graphics But this week the only theme that comes to mind is what an awful week it was, just awful. Come to think of it, that’s actually a pretty good theme […]
$DIA $SPY $QQQ $RUTX $VXX US stocks spiked 9%+ as President Trump joined reassured investors that he is stepping up efforts to protect the economy from the coronavirus fallout. All 3 major US stock market indexes rose 9%+, as President Trump declared a national emergency to help combat the virus and said the private sector […]
$XAU $GLD $USD Gold is heading for its biggest weekly decliner since Y 2013, despite climbing to the highest in more than 7 yrs earlier this week, as investors sell the precious Yellow metal to meet liquidity needs. Stocks have been in free fall for 16 sessions on concerns emergency fiscal and monetary packages will not […]
$XAU $GLD It looks to me like it does not matter in here whether global stocks are rising or falling investors keep scooping up gold. Holdings in gold-backed ETFs rose by 55 tonnes in the last 3 days accounting for almost 33% of YTD in the last 3 days. As a safe-haven asset, demand for […]
$DIA $SPY $QQQ $RUTX $USO $GLD Monday, the DJIA saw its worst decliner since Y 2008 in response to news of COVID-19 and the Saudi/Russia Crude Oil price war, and the ride the stock market/s have taken in the last 2 wks has left lot of investors with stomach aches. If you have a 401(k) […]
$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 […]
$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 […]
$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, […]
$XAU $GLD $USD Gold prices broke out as the benchmark 10-yr Treasury yield fell to new lows at 0.897, as investors baked in a 50-bpts interest rate cut when the Fed meets again in 2-wks. This follows the emergency interest rate cut the Fed announced Tuesday, which cut 50-bpts from the Fed Fund rate. USD […]
$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 […]