Gold Prices Steady, Trade Concerns Pressure USD + Commodities

Gold Prices Steady, Trade Concerns Pressure USD + Commodities

Gold Prices Steady, Trade Concerns Pressure USD + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT In Asia Asian stocks followed global indexes higher Thursday, as investors took a less bearish view on the impact of the US-China trade war on markets, a sharp contrast to dim expectations economists had on US growth amid the […]

GOLD 1 OZ (XAU=X) Traders focus on comments from the central bank next week

GOLD 1 OZ (XAU=X) Traders focus on comments from the central bank next week

GOLD 1 OZ (XAU=X) Traders focus on comments from the central bank next week Gold prices are moderately higher in early-afternoon U.S. trading Wednesday. Gold and silver are supported on some buying back of previously sold positions (short covering) by the shorter-term futures traders. A lower U.S. dollar index on this day also supported some […]

Gold Prices Up, as USD Eases + Commodities

Gold Prices Up, as USD Eases + Commodities

Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT  Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]

GOLD 1 OZ (XAU=X) Market Bottom is in Place

GOLD 1 OZ (XAU=X) Market Bottom is in Place

GOLD 1 OZ (XAU=X) Market Bottom is in Place December gold futures bears still have the overall near-term technical advantage. However, prices have been trading sideways for three two weeks, which suggests a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance […]

Let’s Consider Silver’s Very Low Numbers

Let’s Consider Silver’s Very Low Numbers

Let’s Consider Silver’s Very Low Numbers $SLV, $GLD The Devils Metal will bounce right back up in symmetrical proportionally when the short covering begins to happen. Let’s consider silver’s numbers. The 52-wk low in specs’ silver-futures shorts was 41.5-K contracts in mid-September 2017.  Getting back there would require an astounding 78.6-K contracts of short-covering buying.  […]

Cryptocurrencies are Becoming More Stable

Cryptocurrencies are Becoming More Stable

Cryptocurrencies are Becoming More Stable $BTC, $ETH Let’s examines Key factors in the growth of the cryptocurrency industry, and what regulators are doing to mitigate the risks It is an encouraging sign that the cryptocurrency community and regulators have been quick to evolve and respond to risks that have been identified in the market. For […]

GOLD 1 OZ (XAU=X) Possible Market Bottom is in Place

GOLD 1 OZ (XAU=X) Possible Market Bottom is in Place

GOLD 1 OZ (XAU=X) Possible Market Bottom is in Place Technically, gold bears still have the overall near-term technical advantage. However, recent sideways price action favors the bulls and suggests a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance […]

Gold-Silver Ratio at Highest Mark in 27 Years

Gold-Silver Ratio at Highest Mark in 27 Years

Gold-Silver Ratio at Highest Mark in 27 Years $GLD, $SLV, $OIL, $SPY, $QQQ The Gold-Silver Ratio has been one of the most reliable technical ‘buy’ indicators for Silver, whenever the ratio climbs above 80. The Big Q: Is the current spike in the gold/silver ratio forecasting another stock market crash? The gold-to-silver ratio has moves […]

GOLD 1 OZ (XAU=X) Consolidating for a Reversal Higher

GOLD 1 OZ (XAU=X) Consolidating for a Reversal Higher

GOLD 1 OZ (XAU=X) Consolidating for a Reversal Higher The chart and data that follow highlight non-commercial commodity futures trading positions as of September 11, 2018. Gold is down 0.5 percent in September. If this holds up, it would mark the 6th straight month of declines.  The yellow metal is getting oversold… but oversold momentum […]

Looking at the Week: Gold Gains on the Weaker Buck

Looking at the Week: Gold Gains on the Weaker Buck

Looking at the Week: Gold Gains on the Weaker Buck $GLD, $SLV, $USD, $CNH Precious metals finished up Friday despite its dips during the week. Precious metals were up on Friday despite many taking dips earlier in the week. Plus we run through key stories in the space for the week. Both gold and silver prices finished up Friday, 14 […]

GOLD 1 OZ (XAU=X) modest rally after the release of some U.S. economic data

GOLD 1 OZ (XAU=X) modest rally after the release of some U.S. economic data

GOLD 1 OZ (XAU=X) modest rally after the release of some U.S. economic data Gold prices are posting a modest rally after the release of some U.S. economic data, including a very tame inflation report. Some more short covering in the futures markets (the buying back of previously sold, or short, positions) is featured in gold […]

Can, Will Precious Metals Rise From the Mat?

Can, Will Precious Metals Rise From the Mat?

Can, Will Precious Metals Rise From the Mat? $GLD, $SLV, $MTAFF Gold finished +0.7% to 1210.80 oz in NY Wednesday People are asking me: Can the precious metals rise from the mat? The Big A: Yes. It is important to note that when 2 of the 5 sentiment indicator shift to more positive sentiment, to […]

Gold Finished Flat, Rate Hike and Trade Tensions Concern

Gold Finished Flat, Rate Hike and Trade Tensions Concern

Gold Finished Flat, Rate Hike and Trade Tensions Concern $GLD, $SLV Gold prices held steady during Asian trade Tuesday as investors remained on the sidelines amid expectations of a Fed interest rate hike later this month and on fears of an escalation in the US-China trade dispute. Spot gold was mostly unchanged at 1,195.79 oz […]

GOLD 1 OZ (XAU=X) Trade Tensions

GOLD 1 OZ (XAU=X) Trade Tensions

GOLD 1 OZ (XAU=X) Trade Tensions December gold bears still have the firm overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at last week’s high of $1,220.70. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at […]

Asia’s Super Rich Advised to Add More Gold to Portfolios

Asia’s Super Rich Advised to Add More Gold to Portfolios

Asia’s Super Rich Advised to Add More Gold to Portfolios $GLD, $USD Gold has been hammered lately, and some advisers are telling their wealthy clients to take advantage of lower prices and add to their stockpile to protect assets against pounding equity markets. Advisers to Asia’s super rich think their clients should put more of their […]

METALLA ADDS ROYALTY ON AGNICO EAGLE’S SANTA GERTRUDIS GOLD PROPERTY

METALLA ADDS ROYALTY ON AGNICO EAGLE’S SANTA GERTRUDIS GOLD PROPERTY

METALLA ADDS ROYALTY ON AGNICO EAGLE’S SANTA GERTRUDIS GOLD PROPERTY $MTAFF, $AEM, $GLGDF Metalla Royalty & Streaming Ltd. (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) announced last Wednesday that it has entered into a purchase and sale agreement to acquire a 2% net smelter return royalty on the Santa Gertrudis gold property located north of Hermosillo in Sonora, […]

GOLD 1 OZ (XAU=X) point towards a significantly higher price for the precious metal

GOLD 1 OZ (XAU=X) point towards a significantly higher price for the precious metal

GOLD 1 OZ (XAU=X) point towards a significantly higher price for the precious metal The gold price is set in the Comex futures exchange by the trading of futures contracts and not the amount of gold traded in Dubai, India or anywhere else. Therefore, if you want to read the future of gold prices, the […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Overall, the Northside appears limited for Crude Oil prices near term. PE Note: Crude Oil prices rose a bit after release of the US inventory data that states a fall to 15 February low of 401.49-M bbls. Crude Oil and Metals NYMEX WTI Crude Oil at 67.87 could be […]

GOLD 1 OZ (XAU=X) Further to Fall

GOLD 1 OZ (XAU=X) Further to Fall

GOLD 1 OZ (XAU=X) Further to Fall Technically, December gold futures bears still have the firm overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at last week’s high of $1,220.70. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Concerns about Tropical Storm Gordon’s minor impact along Gulf of Mexico and Central Gulf coast could have aided a fall in Crude prices Wednesday. Also, there are talks of a possible period deadline ending today for the US tariffs on another $200-B of […]

GOLD 1 OZ (XAU=X) climbs higher as US dollar eases

GOLD 1 OZ (XAU=X) climbs higher as US dollar eases

GOLD 1 OZ (XAU=X) climbs higher as US dollar eases Gold bears have the solid overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at last week’s high of $1,220.70. Bears’ next near-term downside price breakout objective is pushing prices below solid technical […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Again, Crude Oil prices have risen the notion that the Iran sanctions could limit supply globally without possibly hurting the demand from China. But the prices face rejection from resistance at these marks as we saw on Tuesday.  PE Crude Oil and Metals NYMEX WTI Crude Oil at 69.48, now seeing […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Again, Crude Oil prices have risen on indication that the Iran sanctions could limit supply globally without possibly hurting the demand from China. But the prices face rejection from resistance at these marks this week.  PE Crude Oil and Metals NYMEX WTI Crude Oil at 70.06 seeing 1st resistance at […]

GOLD 1 OZ (XAU=X) Bears Ease Back

GOLD 1 OZ (XAU=X) Bears Ease Back

GOLD 1 OZ (XAU=X) Bears Ease Back There are no major economic reports today because of the U.S. holiday. Furthermore, any price action today will take place under extremely thin-trading conditions. This means be careful buying strength and selling weakness. Gold is likely to continue to be manipulated by the price action in the U.S. […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Again, Crude Oil prices have risen on indication that the Iran sanctions could limit supply globally without possibly hurting the demand from China. But the prices face rejection from resistance at these marks yet this week and next. With the EIA report Wednesday stating […]

GOLD 1 OZ (XAU=X) No Safe-Haven Bid From EM Currencies’ Woes

GOLD 1 OZ (XAU=X) No Safe-Haven Bid From EM Currencies’ Woes

GOLD 1 OZ (XAU=X) No Safe-Haven Bid From EM Currencies’ Woes Gold bears still have the overall near-term technical advantage but a price downtrend on the daily bar chart has been negated to suggest a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close in December […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Crude Oil prices have risen on indication that the Iran sanctions could limit supply globally without possibly hurting the demand from China. But the prices face rejection from resistance at these marks yet this week and next. With the EIA report Wednesday stating […]

GOLD 1 OZ (XAU=X) solid resistance at $1,226.00

GOLD 1 OZ (XAU=X) solid resistance at $1,226.00

GOLD 1 OZ (XAU=X) solid resistance at $1,226.00 Technically, gold bears still have the overall near-term technical advantage but a price downtrend on the daily bar chart has been negated to suggest a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close inDecember futures above solid resistance […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Crude prices dipped after news of unexpected gains in the US stockpiles was reported by the API dat. Overall medium term looks Bullish while trading above current support marks.  PE Crude Oil and Metals NYMEX WTI Crude Oil at 68.58 and ICE Brent Crude Oil at 75.99 now […]

GOLD 1 OZ (XAU=X) suggests a market bottom is in place

GOLD 1 OZ (XAU=X) suggests a market bottom is in place

GOLD 1 OZ (XAU=X) suggests a market bottom is in place Gold bears still have the overall near-term technical advantage but a price downtrend on the daily bar chart has been negated to suggest a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close in December […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Crude Oil prices look Bullish near term on expectations that weekly US inventory data will show a decline and sanctions on Iran will impact supply. PE Crude Oil and Metals NYMEX WTI Crude Oil at 68.92 and ICE Brent Crude Oil at 76.29 can move  71-72 and 78 respectively. […]

Alfa Romeo 8C 2900B Best of Show at the 68th Pebble Beach Concours d’Elegance

Alfa Romeo 8C 2900B Best of Show at the 68th Pebble Beach Concours d’Elegance

Alfa Romeo 8C 2900B Best of Show at the 68th Pebble Beach Concours d’Elegance 2018 Charitable Donations Top $1.8-M After an intense competition that drew diverse cars from around the globe, the coveted Best of Show Gold Ribbon was placed on the deep blue bodywork of a 1937 Alfa Romeo 8C 2900B Touring Berlinetta at the 2018 […]

GOLD 1 OZ (XAU=X) Sees Some Strength

GOLD 1 OZ (XAU=X) Sees Some Strength

GOLD 1 OZ (XAU=X) Sees Some Strength Gold bears still have the overall near-term technical advantage but a price downtrend on the daily bar chart is now in jeopardy. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,226.00. Bears’ next near-term downside price breakout objective […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Hard commodities have risen in here, while that continues, they look Bullish near term.  PE Crude Oil and Metals NYMEX WTI Crude Oil at 68.57 has room to rise to 72 or higher while trading above 68. Near term looks Bullish for this week. ICE Brent Crude Oil […]

GOLD 1 OZ (XAU=X) rise in activity in gold options

GOLD 1 OZ (XAU=X) rise in activity in gold options

GOLD 1 OZ (XAU=X) rise in activity in gold options A rise in activity in goldoptions amid geopolitical tensions and a record-long bull marketfor U.S. equities suggests that investors are betting goldprices have found a floor, traders said. Open interest in Comex gold call options giving the holder aright to buy the metal at $1,200 […]

Global Investors Buying US Stocks, S&P 500 at Record Highs

Global Investors Buying US Stocks, S&P 500 at Record Highs

Global Investors Buying US Stocks, S&P 500 at Record Highs $DIA, $SPY, $QQQ, $RUTX, $VXX Global Investors bought into US stocks this week which set their longest-ever market rally. That action declared the end of a “tsunami” of tech fund inflows which have driven the market higher, noting tiny inflows of $0.1-B this week after […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary:  Crude Oils at resistances  Copper and Gold testing lower. PE Crude Oil and Metals NYMEX WTI Crude at 68.21 seeing resistance here, and needs to break to the Northside to continue rising to 70. Note: Above 68.50, resistance is seen at 70. ICE Brent Crude at 75.05 faces resistances […]

GOLD 1 OZ (XAU=X) has stiff resistance at $1167.10

GOLD 1 OZ (XAU=X) has stiff resistance at $1167.10

GOLD 1 OZ (XAU=X) has stiff resistance at $1167.10 Based on the early price action, the direction of the December Comex Gold market the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at $1198.70. A sustained move under $1198.70 will indicate the presence of sellers. If […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary:  Crude Oil moved up  Copper and gold fall off. PE Crude Oil and Metals Gold and Copper looks weak while crude prices could move up further in the near term. NYMEX WTI Crude at 67.97, and Ice Brent Crude at 74.74 bot are up sharply after EIA […]

GOLD 1 OZ (XAU=X) Firms On Safe-Haven Buying

GOLD 1 OZ (XAU=X) Firms On Safe-Haven Buying

GOLD 1 OZ (XAU=X) Firms On Safe-Haven Buying Gold was also in the positive territory, and AE said the dollar has been trading mixed, edging out a fresh low against a generally firmer Euro while gaining on the Pound and Australian Dollar, among other currencies. Potentially limiting the advance are concerns that criminal convictions of […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary:  Gold, Crude Oil and Copper moves higher, but have major overhead resistances, which could limit the Northside. Crude Oil seen trading sideways. PE Note: Helping commodity prices was a drop in the dollar after President Donald Trump said he was “not thrilled” with the Federal Reserve for […]

GOLD 1 OZ (XAU=X) Global Geopolitical Tensions Could Boost Prices

GOLD 1 OZ (XAU=X) Global Geopolitical Tensions Could Boost Prices

GOLD 1 OZ (XAU=X) Global Geopolitical Tensions Could Boost Prices Gold prices have followed a downward trend since the beginning of this year, primarily due to lower demand. In the first two quarters, demand for gold bars, gold-backed exchange traded funds (ETFs) and gold jewelry was particularly low, leading to lowest global demand for gold […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Commodities mostly look stable to weak medium term. Some sideways consolidation near term is possible with a possible test of respective resistances in Crude Oil. PE Note: Gold and Copper have risen a bit, but have major overhead resistances, which could limit the Northside. Crude Oil […]

GOLD 1 OZ (XAU=X) posting decent gains

GOLD 1 OZ (XAU=X) posting decent gains

GOLD 1 OZ (XAU=X) posting decent gains Gold bears still have the overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,226.00. \ Bears’ next near-term downside price breakout objective is […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Commodities mostly look stable to weak medium term. Some sideways consolidation near term is possible with a possible test of respective resistances in Crude Oil. PE Crude Oil and Metals NYMEX WTI Crude at 65.01) and ICE Brent Crude 71.59 are up a bit from Friday’s […]

GOLD 1 OZ (XAU=X) Sell Off Might Not be Over

GOLD 1 OZ (XAU=X) Sell Off Might Not be Over

GOLD 1 OZ (XAU=X) Sell Off Might Not be Over Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,226.00. Bears’ next near-term downside price breakout […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Agriculture commodities are up on US-China trade talks. Crude Oil off on supply./demand issues my view is Bearish in here. PE Crude Oil and Metals Crude Oil prices fell Friday, with NYMEX WTI Crude heading for a 7th weekly decliner on increasing concerns about slowing global economic […]

GOLD 1 OZ (XAU=X) has Deteriorated

GOLD 1 OZ (XAU=X) has Deteriorated

GOLD 1 OZ (XAU=X) has Deteriorated Gold prices edged down, wrapping up a corrective bounce following overnight 1.5-year lows. The December Comex gold futures were last seen trading at $1,182.70, down 0.19% on the day. Technically, gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Almost all major commodities have fallen sharply and trading lower. Near term view is Bearish in here. PE Crude Oil and Metals NYMEX WTI Crude at 64.96 is off sharply and looks Bearish near term to 62-60. ICE Brent Crude  at 71.00 sees 1st […]

Turkey’s Problems with the US will be Resolved

Turkey’s Problems with the US will be Resolved

Turkey’s Problems with the US will be Resolved Turkish President Tayyip Erdogan’s spokesman said Wednesday he expected problems with the United States, which helped drive the lira to record lows, to be resolved but Washington must stop trying to influence Turkey’s judiciary in a reference to the detention of Pastor Brunson for spying. Ibrahim Kalin […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals Commodities at the close in New York Tuesday NYMEX WTI Crude Oil -0.3% to 67.05 (USO) Gold +0.1% to 1200.60 oz (GLD) Copper -1.8% to 2.68 lb  (CU) Commentary: The hard commodities have weakened, while the agriculture commodities have strengthened in here. PE […]

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62 Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,226.00. Bears’ next near-term downside price breakout […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals Commentary: These commodities look stable in here. PE NYMEX WTI Crude at 67.53 looks likely to hold below resistance at 68 in here moving down to re-test 66. ICE Brent Crude at 72.92 looks like it trade within the 73.50-71.00 zone during the next 3 […]

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers Traders said weak demand from local jewelers and retailers at domestic spot market weighed on the gold prices. Technically, gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout […]

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft

Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals Commentary: These commodities look stable in here. PE NYMEX WTI Crude at 67.65 could trade in the 68.50-66.00 range near term. Long term support is seen, which if holds is Bullish WTI Crude could move to 70 or higher medium term. […]

GOLD 1 OZ (XAU=X) down around 6.7% so far this year

GOLD 1 OZ (XAU=X) down around 6.7% so far this year

GOLD 1 OZ (XAU=X) down around 6.7% so far this year Gold prices are down around 6.7% so far this year, pressured lower by the stronger dollar and rising interest rates. Investors have also shunned the precious metal despite an escalation in global trade tensions, indicating that gold may be losing its safe haven status. […]

GOLD 1 OZ (XAU=X) seeing some stabilization

GOLD 1 OZ (XAU=X) seeing some stabilization

GOLD 1 OZ (XAU=X) seeing some stabilization Gold and silver prices are steady to slightly higher in quieter early-afternoon U.S. trading Thursday. Both metals are seeing some stabilization this week after recently notching 12-month lows. December gold futures were last down $0.10 an ounce at $1,220.90 Gold got a slight boost following this morning’s U.S. […]

GOLD 1 OZ (XAU=X) edged up on a steady U.S. dollar

GOLD 1 OZ (XAU=X) edged up on a steady U.S. dollar

GOLD 1 OZ (XAU=X) edged up on a steady U.S. dollar Gold prices edged up on a steady U.S. dollar early Tuesday, but expectations for further interest rate hikes in the United States supported the greenback and limited interest in the metal. Gold prices have declined nearly 12% since mid-April, pressured by a stronger US […]

GOLD 1 OZ (XAU=X) Down, But Potential Upside Spark Looms

GOLD 1 OZ (XAU=X) Down, But Potential Upside Spark Looms

GOLD 1 OZ (XAU=X) Down, But Potential Upside Spark Looms Global stock markets were mostly lower overnight, led by losses in Asia, on fears of a protracted trade war between the world’s two largest economies: the U.S. and China. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 73.55, and NYMEX WTI Crude at 68.78 look Neutral. WTI Crude  is ranged in here within 69.0-67.5, and may rise above 69, Brent Crude could move above 74 and could not in here. Gold At 1224.20 is up […]

GOLD 1 OZ (XAU=X) Gold Prices Gets Stronger

GOLD 1 OZ (XAU=X) Gold Prices Gets Stronger

GOLD 1 OZ (XAU=X) Gold Prices Gets Stronger Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,250.00. Bears’ next near-term downside price breakout objective is […]

Russia Sells US Treasuries, Buys Gold

Russia Sells US Treasuries, Buys Gold

Russia Sells US Treasuries, Buys Gold $GLD Russia is buying Gold, and selling its US Treasuries to avoid “political blackmail,” according to a precious metals market analyst. “This is also a kind of political declaration, stating that countries which have too many dollars can become the object of political blackmail,” the expert, Munich-based Dimitri Speck […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 73.36 and NYMEX WTI Crude at 68.95 bounced supports, and they could start moving up medium term towards 78 and 72 in here. Gold at 1216.20 came off and can test to 1200 next week. Then a bounce from 1200 is […]

Gold Production Outlook

Gold Production Outlook

Q2 total supply was up 3% y-o-y, supported by production and recycling growth Q2 was the highest second quarter on record, boosting mine production by 4% y-o-y during H1 Net de-hedging of 10t in Q2 as gold price weakened; global hedgebook now 248t Recycled gold supply grew 4% in Q2, driven by Turkey and Iran […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 72.79 has come down, it could test 72.50 before the price could rise back over the next couple sessions. Support is likely to hold and could possible take the price higher soon. Nymex WTI at 67.97 sees support at […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.35)could bounce from support at 68. There is little support below 68. ICE Brent Crude at 73.89 came off from 76 and continues to lower. A test of support at 72.50 is possible now. Note: Both the Crude Oil […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 70.14, +0.01%, and ICE Brent Crude at 75.44, +0.63% bounced from support on the longer term charts and now look Bullish medium term. ICE Brent Crude could move to 78, NYMEX WTI Crude to 72. Gold at 1229.920, -0.13% […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.82, +0.19% at 1st support, while that holds, a fall below 68 seems unlikely. A rise from 68 is possible in here, targeting 71. Near term looks Bullish above 68. ICE Brent Crude at 74.22, -0.09% is […]

GOLD 1 OZ (XAU=X) monitoring developments in the global trade conflict

GOLD 1 OZ (XAU=X) monitoring developments in the global trade conflict

GOLD 1 OZ (XAU=X) monitoring developments in the global trade conflict Gold prices settled lower for the day and for the week on Friday as the bearish trend in the yellow metal continued. Expectations for higher rates tend to be bearish for gold, which struggles to compete with yield-bearing assets when rates rise, while a […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 69.55 can test at 71-72 before comes off medium term. We wait, we watch for now. ICE Brent Crude at 74.40 has bee moving up fro support at 71, while that holds the price may target 76 soon. […]

GOLD 1 OZ (XAU=X) solid overall near-term technical advantage

GOLD 1 OZ (XAU=X) solid overall near-term technical advantage

GOLD 1 OZ (XAU=X) solid overall near-term technical advantage Technically, gold bears still have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in August futures above solid resistance at $1,250.00. Bears’ next near-term downside price […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 69.40, and ICE Brent Crude at 74.41 are trying to move up, while that continues, WTI Crude could move up towards 71-72 while Brent Crude could test 76+  near term. Gold (1232.40) if sustains a rise above 1230, could […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:  Not much strength is seen in the commodities in here. Crude Oil and Gold prices look Bearish, while Copper could remain ranged now. PE NYMEX WTI Crude at 68.80 and ICE Brent Crude 73.91 have risen from supports, and while they hold, the prices may […]

GOLD 1 OZ (XAU=X) under heavy selling pressure

GOLD 1 OZ (XAU=X) under heavy selling pressure

GOLD 1 OZ (XAU=X) under heavy selling pressure Fall in demand from local jewellers and retailers at the domestic spot markets weighed on gold prices. Gold prices softened for the second straight day on Tuesday amid a weak global trend but silver rates rose on scattered enquiries from industrial units and coin makers. Experts hoped […]

Racist South Africa: Gold Mining Industry will Collapse

Racist South Africa: Gold Mining Industry will Collapse South Africa’s 140-year-old gold industry – which was once the world’s largest – is now facing a major crisis. The country’s mineral council says 75 percent of gold mines are unprofitable or barely making money. The announcement comes as the sector enters wage talks with its employees. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:  Not much strength is seen in the commodities in here. Crude Oil and Gold prices look Bearish, while Copper could remain ranged now. PE NYMEX WTI Crude at 67.66,-0.34% dipped and has room to 66-65, while ICE Brent Crude at 72.77, -0.36% could also […]

GOLD 1 OZ (XAU=X) remain fully bearish on a near-term basis

GOLD 1 OZ (XAU=X) remain fully bearish on a near-term basis

GOLD 1 OZ (XAU=X) remain fully bearish on a near-term basis Gold and silver prices are slightly lower in early U.S. trading Tuesday. Both metals are not far above last week’s 12-month lows, and their technical postures remain fully bearish on a near-term basis. August gold futures were last down $1.60 an ounce at $1,229.60. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.10, -0.23% has room in the Southside to 65 and if the price falls, it likely drags ICE Brent Crude 72.85, -0.30% lower levels in here. Note: 70-71 is important support for ICE Brent Crude and is likely to […]

Colombian Navy has Found the “Holy Grail” of Shipwrecks Just off Cartagena.

Colombian Navy has Found the “Holy Grail” of Shipwrecks Just off Cartagena.

Colombian Navy has Found the “Holy Grail” of Shipwrecks Just off Cartagena. Colombia’s government advances toward salvaging the treasure from the sunken Spanish galleon San Jose. Sitting at the bottom of the ocean, just off Colombia’s coast, is one of the Western Hemisphere’s richest treasures: a Spanish galleon packed with billions of dollars worth of […]

1 2 3 10