$DIA, $XAU, $XAG At week’s end we find the Dow Jones with a bearish, picture-perfect head and shoulders technical formation. The left shoulder goes back to last April, the head in early July and the right shoulder at the close of the week. So, is the market a sell as September 2019 comes to a […]
$XAU, $XAG, $GLD, $SLV Central banks around the world are buying gold in near-record amounts to shore up their financial positions before the next crisis occurs. Most investors understand that gold plays a valuable role in a sound investment portfolio, but unless you are already a gold investor you likely do not know of best […]
$DIA, $SPY, $QQQ, $RUTX, $USD, $VXX This week the Fed cut interest rates for the 2nd time since the Great Recession, and found its hands full with another event with potentially catastrophic implications for the economy. In short, liquidity in the repo markets, a critical cog in the financial system machine seized Tuesday. In response, […]
$XAU, $XAG Special Report: Gold, How To… With gold prices up about 20% YTD signs of a global growth slowdown and geopolitical tensions, precious metals are getting a close look from investors seeking insurance for their individual retirement accounts. That is real, physical gold and silver coins or bars, not the precious-metals ETF’s or mining-company […]
Gold prices are modestly higher in early U.S. trading Thursday, but silver continues to power ahead with sharp gains to hit another more-than-two-year high overnight. Safe-haven demand and technical buying continue to be featured in both metals. December gold futures were last up $4.60 an ounce at 1,553.70. December Comex silver prices were last up $0.279 at $18.74 an ounce. A slightly […]
Silver 1 OZ 999 NY (XAG=X) price outpaces Gold SILVER PRICES again outpaced gold in London trade Wednesday, hitting 29-month highs as the dearer precious metal held $10 below this week’s spike to new 6-year highs on a fresh fall in longer-term interest rates across the rich Western economies. US bond yields fell to new 3-year […]
$GLD, $SLV, $USD, $XAU, $XAG Gold rose more than 1% Tuesday as fears of a possible recession gripped investors following disappointing US economic data, while silver marked $18 for the 1st time in nearly 2 years. Spot gold was up 1% at $1,540.57 oz at 1:41p EDT (1741 GMT), US gold futures for December settled […]
$XAU, $XAG, $GLD, $GDX, $GOLD, $NEW, $FNV, $AEM, $AU, $RGLD, $KGC, $GFI, $GDX, $GDXJ Investors buy gold for several reasons, but the Key 1 is geopolitical uncertainty, it is a powerful force when it comes to gold demand. With China devaluing its RMB Yuan and halting purchases of US agricultural products in response to President Trump’s additional […]
$XAU, $XAG,$USD The history of gold is nearly as long as the history of human civilization. Gold has been inextricably linked to human civilizations since at least Y 6000 BC. There is absolutely no way of looking at the history of the world without encountering the history of gold. Most importantly, gold has been used as […]
$FB, $USO, $XAU, $XAG, $USD, $JPY, $EUR President Trump gives his voice to increasingly public impatience with what we analysts call macro-economics. The Fed targets 2% inflation as a compromise between accomplishing strong growth and stable prices. Since the Y 2008 financial crisis, whether unemployment was 10% or less than 4%, no matter how high or low […]
$XAU, $XAG, $GLD, $USD The economist John Maynard Keynes called gold a “barbarous relic”, suggesting that its usefulness as money is an artifact of the past. In an era filled with cashless transactions and hundreds of cryptocurrencies, this statement seems truer today than in Keynes’ time. But, gold also possesses elemental properties that has made […]
$XAU, $XAG, $GLD, $SLV, $GOLD, $MTAFF For millennia man has looked at gold as a store is value. And now when the economy is questionable and when the stock market is volatile, many investors turn to gold as a safe-haven and portfolio insurance. So, if gold is on your mind now, check your goals and long-term […]
$GLD, $XAU, $XAG FLASH: Global demand for gold in Y 2019 will rise to the highest in 4 years as higher consumption by the world’s jewelers offsets a fall in purchases by central banks, an industry report says.. The world will consume 4,370 tonnes of gold this year, the most since Y 2015 and up […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Note: China’s PMI number was the most significant monthly increase since Y 2012, which should ease concerns around a potential threat to Crude Oil demand. In Asia Gold: Gold prices declined to a more than 3-week lows Tuesday as waning global economic slowdown concerns lifted […]
SILVER 1 OZ 999 NY (XAG=X) Heffx Daily Review Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 16.83. The projected upper bound is: 17.70. The projected lower bound is: 16.70. The projected closing price is: 17.20. […]
Shayne Heffernan Silver Report Silver closed down -0.085 at 17.340. Volume was 8,900% above average (trending) and Bollinger Bands were 12% wider than normal. Open High Low Close Volume___ 17.424 17.486 17.180 17.340 12,795 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 16.75 16.69 15.28 Volatility: […]
Shayne Heffernan Silver Report PREC.M.XAG= closed up 0.030 at 17.310. Volume was 8,900% above average (trending) and Bollinger Bands were 5% wider than normal. Open High Low Close Volume___ 17.267 17.369 17.120 17.310 11,914 Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 16.47 16.60 15.25 Volatility: […]
Shayne Heffernan Silver Report Silver looks close to a turn so we are once again building our long term position at HEFFX. PREC.M.XAG= closed down -0.050 at 16.250. Volume was 8,900% above average (trending) and Bollinger Bands were 14% wider than normal. Open High Low Close Volume___ 16.301 16.362 16.120 16.250 14,137 Technical Outlook Short […]
