Gold’s Price is Ranged

Gold’s Price is Ranged

#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 […]

Time to Buy the Dip in Gold’s Price?

Time to Buy the Dip in Gold’s Price?

#gold $XAU $GLD $USD Let’s look at the pattern. Gold captivated investors, and with the rise in gold, silver and other precious metal prices this year, there’s been lots of market talk. But, the chatter has quieted over the last few wks as the run in precious metals has paused to consolidate its most recent […]

Commentary: Paul Ebeling on Wall Street, Stocks are Going Higher

Commentary: Paul Ebeling on Wall Street, Stocks are Going Higher

#WallStreet #PaulEbeling #BigTech #earnings #economy #growth #employment #interest #Bulls #money #FAANGs $DIA $SPY $QQQ $RUTX $VXX Last Week’s Action Week in Review: Another week of selling, particularly in the mega-caps The selling from the prior week carried over to the shortened trading week. The S&P 500 fell 2.5%, the NAS Comp fell 4.1%, the DJIA […]

Commentary: Paul Ebeling on Wall Street, Do Not Fear September

Commentary: Paul Ebeling on Wall Street, Do Not Fear September

#WallStreet #PaulEbeling #BigTech #earnings #economy #growth #employment #interest #Bulls #money #FAANGs $DIA $SPY $QQQ $RUTX $VXX Last Week’s Action The trigger the stock-market pullback Thursday and Friday that erased weeks of gainers in the US stock market, may have been embattled investment firm SoftBank, according to a report by the Financial Times of London The report […]

“A lower US dollar will give a shot in the arm to US exports and overall global growth”

“A lower US dollar will give a shot in the arm to US exports and overall global growth”

#global #growth #exports #dollar $USD $EUR $GBP $USO $XAU $GLD The USD is struggling, and the market is betting the Buck has more room to fall. The trade-weighted USD has fallen 7% from its March highs, and we expect it fall at least 15% from the highs. That will give a shot in the arm […]

USD’s Sharp Decline Driving Professional Investors into Gold

USD’s Sharp Decline Driving Professional Investors into Gold

#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. […]

Going With the ‘Hard Core’ Gold Bugs

Going With the ‘Hard Core’ Gold Bugs

#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 […]

More Gains Ahead for Gold, the Bulls are in Charge

More Gains Ahead for Gold, the Bulls are in Charge

#gold #rally #Bulls $XAU $GLD $USD Gold sliced through the powerful psych mark at 2,000 like ‘a hot knife through butter‘ The move has some fearing a deep correction, but many my work shows more gains as investors buy into the precious Yellow metal’s safety. The record-breaking rally, which lifted gold as high as 2,055 […]

Housing, Auto Demand Are Standouts in V-Shaped Recovery

Housing, Auto Demand Are Standouts in V-Shaped Recovery

#housing #automobiles #consumers #recovery $DIA $SPY $QQQ $RUTX $VXX Clearly, record low interest rates has helped revive the US markets for housing and autos standouts in the economy as it gains traction. Sales of new homes in June ran at their fastest pace in 13 yrs, leaving builders and the construction workers they employ with […]

The VIX is Not Flashing Red or Yellow in Here

The VIX is Not Flashing Red or Yellow in Here

$VIX $VXX $DBCVIX $USD $EUR Financial markets’ fear gauges are not flashing Red or yellow at a time of serious global turmoil, stirring investor doubts over whether the indexes are mispricing current and future volatility. Volatility gauges embedded in option markets are used by traders and investors to predict the market’s direction. They are also […]

Gold is Temperamental, Silver is Really Temperamental, but There is a Long List of Bullish Drivers

Gold is Temperamental, Silver is Really Temperamental, but There is a Long List of Bullish Drivers

$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 […]

Tuesday’s World Markets Outlook: Asia-Pacific + Wall Street Recap

Tuesday’s World Markets Outlook: Asia-Pacific + Wall Street Recap

#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 […]

The Cheaper ‘Buck’ Driving Gold Price North

The Cheaper ‘Buck’ Driving Gold Price North

#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 is +25% YTD Outdistancing Stocks, Gold Bugs Rejoice!

Gold is +25% YTD Outdistancing Stocks, Gold Bugs Rejoice!

#gold #stocks #money #investors #goldbugs #centralbanks #inflation #virus $DIA $SPY $QQQ $RUTX $XAU $GLD #VXX Gold is up 25% this year and traded above 1,897oz, just shy the Y 2011 record high at 1,921. Global stocks measured by the MSCI World index, have recovered almost all of the losses they suffered on the instant recession sell-off brought on […]

There is Little Reason to Expect a Slowdown in Gold Buying

There is Little Reason to Expect a Slowdown in Gold Buying

#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 […]

Mega Caps Back and Fill, Dollar Slides, Gold Charges to Record Highs

Mega Caps Back and Fill, Dollar Slides, Gold Charges to Record Highs

#stocks #gold #silver #dollar #C19coronavirus #China #global #growth #COMEX #VeryBullish $DIA $QQQ $SPY $RUTX $VXX $USO $USD $XAU $GLD $XAG $SLV Moving the Market: Profit taking in mega-caps Thursday, Gold traded near 1,900oz, moving closer to it’s all-time high set nearly 9 yrs ago on concerns about global growth that is driving safe-haven demand. Increasing […]

Gold, Silver Rally Hard on Softening USD

Gold, Silver Rally Hard on Softening USD

#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 […]

Capital Flying From Mexico

Capital Flying From Mexico

#CapitalFlight #rich #fear #C19coronavirus #Mexico #AMLO $USD Mexico’s President Andres Manuel Lopez Obrador aka AMLO is scaring the rich into shipping their money abroad. The very 1st signs of this capital flight date back to the run-up to Lopez Obrador’s landslide electoral victory in Y 2018, and they mounted after he implemented new laws against […]

Technically Gold Remains in its Uptrend

Technically Gold Remains in its Uptrend

#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 […]

Precious Metals Solid in this Bull Market

Precious Metals Solid in this Bull Market

#Gold #Silver #preciousmetals #Fed #ECB #RBA #C19Coronavirus #inflation #currencies #stocks $XAU $GLD $XAG $SLV $USD $DIA $SPY $QQQ $RUTX $VXX Analysts and economists are calculating the destruction the C-19 coronavirus chaos, and traders in the financial markets trying to understand the ramifications of the virus’ presence. The market trends demonstrate that our prior precious metals forecasts continue […]

Gold and the Stock Market are Moving North

Gold and the Stock Market are Moving North

#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 […]

Commentary: Paul Ebeling on Wall Street, Americans Holding a Huge ‘Pile of Cash’

Commentary: Paul Ebeling on Wall Street, Americans Holding a Huge ‘Pile of Cash’

$DIA $SPY $QQQ $RUTX $VXX #Paul Ebeling #Wall Street #recovery #cash #technicals #patterns #Fed #Bulls Last Week’s Action The indexes are in consolidation mode, and the leaders are leading pulling back and testing their moves, the trend is up and the Bulls are still in charge. Financials received bids ahead of the release of the […]

Gold Bugs Should Prepare for ‘All Evils’

Gold Bugs Should Prepare for ‘All Evils’

$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 […]

Commentary: Paul Ebeling on Wall Street, Inflation Alert

Commentary: Paul Ebeling on Wall Street, Inflation Alert

$DIA $SPY $QQQ $RUTX $VXX Last Week’s Action Stock indexes are consolidating, the economic data impresses, as headlines focus on new China Virus cases in the wake of massive new testing. Last Friday was Quad Witching expiration, and we saw leaders continue to lead. Perhaps other sectors will now start to contribute to the uptrend. […]

Inflation is Coming, Be Ready…Our Inflation Indicator is Flashing Red

Inflation is Coming, Be Ready…Our Inflation Indicator is Flashing Red

$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 […]

Gold is Undervalued, Balanced Portfolios Should Own Some, Some Silver Too

Gold is Undervalued, Balanced Portfolios Should Own Some, Some Silver Too

$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 […]

Let’s Measure the USD in Here

Let’s Measure the USD in Here

$.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 […]

.DXY (DX) Futures Technical Analysis, Investors Bet on Dovish Fed

.DXY (DX) Futures Technical Analysis, Investors Bet on Dovish Fed

$DX $.DXY $USD $JPY $EUR $GBP $CAD Tuesday, the USD reversed late in the session and is now trading lower against a basket of major currencies. The selling pressure is being led by a strong upward surge in the Euro. The Canadian Dollar is also making a comeback along with the British Pound. The Japanese Yen has been strong all session […]

Commentary: Paul Ebeling on Wall Street, What the Bulls are Telling Us

Commentary: Paul Ebeling on Wall Street, What the Bulls are Telling Us

$DIA $SPY $QQQ $RUTX $VXX Last Week’s Action The large-cap indexes were lower Thursday, and flat Friday. On the week though the S&P 500 (+3.2%), DJIA (+3.3%), and NAS Comp (+3.4%) rose 3%+, and the small-cap Russell 2000 climbed 7.8%. The Bulls are in charge. Technical Analysis S&P 500 broke higher Wednesday, opened lower Thursday and […]

The C-19 Coronavirus Chaos and Gold

The C-19 Coronavirus Chaos and Gold

$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 […]

There Once Was the Gold Standard, Now it is Infinite Quantitative Easing

There Once Was the Gold Standard, Now it is Infinite Quantitative Easing

$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 […]

On the Last Day of April Investors Took Some Profits

On the Last Day of April Investors Took Some Profits

$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. […]

Gold Futures Off Ahead of FOMC Rate Decision

Gold Futures Off Ahead of FOMC Rate Decision

$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 […]

“For every coin we mint, be it gold or silver, we could probably sell 5 or 6 of them,” the Perth Mint

“For every coin we mint, be it gold or silver, we could probably sell 5 or 6 of them,” the Perth Mint

$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 […]

“Unprecedented Situations Require Unprecedented Actions”

“Unprecedented Situations Require Unprecedented Actions”

Unprecedented situations require unprecedented actions. That’s why the Fed should fight a rapidly deepening recession by taking interest rates below Zero for the 1st time ever. When the FOMC holds its regular policy-making meeting next week, all the warning lights will be flashing Red. The unemployment rate is expected to reach 2X digits by June. […]

Gold, “If ever there was a time, Now is it…”

Gold, “If ever there was a time, Now is it…”

$XAU $GLD $USO $USD The gold market is holding its uptrend pattern in the 1,700 range, and it may stay that way for most of the year, as investors have yet to fully understand the impact central banks and government actions around the world will have on financial markets and inflation. From a gold investment […]

“The Fed Cannot Print Gold”, Prices Seen Higher

“The Fed Cannot Print Gold”, Prices Seen Higher

$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 […]

The Price of Gold Vs The Price of Crude Oil

The Price of Gold Vs The Price of Crude Oil

$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 […]

Gold’s Price Target is Higher

Gold’s Price Target is Higher

$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 […]

Gold Will Rise in This Economic Atmosphere, Government Bonds Should be Disposed

Gold Will Rise in This Economic Atmosphere, Government Bonds Should be Disposed

$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 […]

Fx: USD Pacing for Weekly Loss on Fed ‘Big Bang’ Lending Program, Virus Fear Fading

Fx: USD Pacing for Weekly Loss on Fed ‘Big Bang’ Lending Program, Virus Fear Fading

$USD Last time I looked, USD was on pace for a weekly loss Friday as the Fed’s massive new Big Bang lending program for small companies and sa slowdown in coronavirus infections reduced safe-haven demand. The GBP pulled ahead against the dollar and the euro as markets breathed a sigh of relief after British PM […]

Gold ETF Assets Saw Their Largest ever Quarterly Gainer in Q-1 Y 2020

Gold ETF Assets Saw Their Largest ever Quarterly Gainer in Q-1 Y 2020

$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 […]

“Cash Is Trash” as Treasury’s Printing Presses Roll, There is a Costly Negative to Holding It

“Cash Is Trash” as Treasury’s Printing Presses Roll, There is a Costly Negative to Holding It

$USD There are better assets to hold than cash as central banks print money and keep interest rates low in response to the coronavirus pandemic. “Please remember that while it does not move around in value as much as other assets, there is a costly negative return to it,” said investment manager Ray Dalio. “So, […]

Gold’s Rally Tightens the Physical Market

Gold’s Rally Tightens the Physical Market

$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 […]

Gold, the Safe-haven Investment Alternative

Gold, the Safe-haven Investment Alternative

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

Understanding the Impact of the Crude Oil Price War on the Middle East

Understanding the Impact of the Crude Oil Price War on the Middle East

$OIL $USO $USG $USD Here is closer look at the ripple effects of plunging oil prices and a weak demand for the commodity, as well as predictions on how the industry will cope in the near- to long-term The Crude Oil markets have suffered from the 2X shock of the viral pandemic and politics, and […]

Sentiment is a Volatile Motivator

Sentiment is a Volatile Motivator

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

President Trump’s Fed has Brought the Global Financial System Back from the Edge

President Trump’s Fed has Brought the Global Financial System Back from the Edge

$ICE $USD $BAC $WFC This week Fed Chairman Powell set out to offer a explanation for the complicated steps he is taking to relieve dire stresses in the global financial system. “Many places in the capital markets, which support borrowing by households and businesses. I am talking about mortgages and car loans and things like […]

USD Falls 3.9%, Biggest Weekly Decliner Since 2009

USD Falls 3.9%, Biggest Weekly Decliner Since 2009

$USD $.DXY The Buck posted its biggest weekly decliner in more than 10 yrs Friday, as trillions of dollars worth of aid/stimulus efforts by governments and central banks helped temper a rout in global markets driven by the coronavirus pandemic. The USD surged in March as tumbling stock and debt markets caused a scramble for […]

Gold Price Futures Technical Analysis

Gold Price Futures Technical Analysis

$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 […]

Selling Widespread, Losses Were Pared into the Close

Selling Widespread, Losses Were Pared into the Close

$DIA $SPY $QQQ $RUTX, $USO, $XAU, $USD, $VXX Despite the coordinated stimulus packages announced by central banks and the massive stimulus plans laid out by Washington, confidence was lacking due to the growing outbreak of COVID-19 and the continued shutdown of the economy. Shortly before the close, the Senate passed the House bill that provides […]

Gold Price Technical Outlook

Gold Price Technical Outlook

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

Unprecedented Stresses in US Financial Markets Has Investor Sidelining Trillions in Cash

Unprecedented Stresses in US Financial Markets Has Investor Sidelining Trillions in Cash

$DIA $SPY $QQQ $RUTX $USD $JPY $VXX Friday, Ultra Long-term US T-Bond futures moved about 1.3 pts a day on average in January, were down more than 7 pts on the day and off 36 pts from Monday’s high. Italian sovereign debt had imploded. An index of costs to insure corporate debt with credit-default swaps […]

People are Asking, “What is going on in this Stock Market?”

People are Asking, “What is going on in this Stock Market?”

$DIA $SPY $QQQ $RUTX The Big Q: What is going on in this Stock Market? The Big A: A confluence of confusion aka lots of unknowns. I have been in the stock market since Y 1981, and like everyone else I know in this game, have not see this kind of action ever. What we […]

US Stocks Spike 9%+ on President Trump’s Plan to Bring the Country Together to Fight the Virus

US Stocks Spike 9%+ on President Trump’s Plan to Bring the Country Together to Fight the Virus

$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 […]

Gold Investors Taking Profits

Gold Investors Taking Profits

$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 […]

Global Markets and Commodities

Global Markets and Commodities

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

Gold Price Consolidates Up Here

Gold Price Consolidates Up Here

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

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

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

Gold Breaks Above 1,700 on Safe-haven Demand

Gold Breaks Above 1,700 on Safe-haven Demand

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

Expect Another Fed Rate Cut Soon…

Expect Another Fed Rate Cut Soon…

$USD $GLD $XAU …the USD will weaken, gold will strengthen, short-term interest rates to Zero. Investment guru Jeffrey Gundlach says that he believes the Fed panicked in cutting interest rates earlier this week. “When I say panicked, it does not mean it is not justified. Sometimes panic is justified,” the Bond King said. The Bond […]

Gold Price Taps Overhead Resistance

Gold Price Taps Overhead Resistance

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

The Gold Rally is Just Getting Started

The Gold Rally is Just Getting Started

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

Gold Markets Continue to Attract Capital Inflow

Gold Markets Continue to Attract Capital Inflow

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

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