$XAU, $GLD, $XAUUSD FLASH: Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Fed policymaker said Wednesday. “There’s not a strong case to push rates higher when inflation is under control; there’s not a strong case to […]
$GLD, $XAU, $EUR, $USD FLASH: Gold prices could still surge 20% this year as precious-metal investors and speculators are right to believe in a bright future for the commodity. One international guru told Barron’s that he considers gold at current marks of just below $1,300 oz a “bargain.” His price target for the year is […]
$GLD, $XAU, $USD Forbes.com recently published 3 reasons why savvy investors need to always own gold in their portfolios. Essentially, you can never play it too safe when it comes to investing. “Holding an overweight position of an unlevered asset with limited supply such as gold will offer one of the few safe havens for […]
$XAU, $GLD Gold markets broke down during most of the week but had a strong turn around to reach towards the bottom of the trend line marked on the chart below. Note: The trendline is much more visible on the daily, and suggests a potential Head & Shoulders pattern forming. That said, gold is setting […]
$GLD, $XAU By Jim Curry Last week’s trading saw gold forming its high in Monday’s session, here doing so with the tag of the 1295.20 figure. From there, weakness was seen into Thursday, with the precious Yellow metal dropping all the way down to a Thursday low of 1273.00 before bouncing slightly to end the […]
$DIS, $QCOM, $AAPL, $INTC, $KMI, $NWL, $XAU We have been see over the past weeks stocks moving back to their all-time highs marked in September 2018. And are seeing the drive further North from here. A few blue chips have been surging in the past week, and are far higher than they were back in […]
$XAU, $GLD, $USD President Trump’s plans to nominate Stephen Moore and Herman Cain to the Fed board, and that move points back to The Gold Standard, a policy option once advocated by both men and President Trump himself. The Big Q: What is the case for returning to The Gold Standard? The Big A: Is […]
$XAU, $GLD Gold markets started to rally last week, but struggled going higher. And in the action is forming a Shooting Star, thus suggesting that Gold is going to continue South towards its support at 1280 oz. If Gold break below 1280, the market move South towards 1250, and then 1200. This is interesting considering […]
$GLD, $XAU, $USD FLASH: Gold could 2X overnight, especially if President Trump uses it as a weapon in his battle Vs the Fed. The Fed controls the Buck, the Buck is the world’s trading currency, and so the Fed controls the world. A stronger USD hurts the world’s growth prospects. It also hurts President Trump’s […]
$GLD, $XAU FLASH: China’s PBoC is on a Gold buying spree as Asia’s Top economy expanded its Gold reserves for a 4th month running, adding to investors’ optimism that central banks from around the world will press on with a drive to build up holdings. June Gold settled today’s session rose $6.00 (+0.5%) to $1301.55/oz […]
$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 […]
Expect a Rise in Gold’s Price on Fed’s Dovish Stance on Rate Hikes $XAU, $GLD Gold may be set up to rally as speculation mounts that the Fed will hit the pause button on interest rate hikes in Y 2019. After lift-off in late Y 2015 followed by a rise a year later, the Fed […]
Canadian mining giant Barrick Gold has bought Africa-focused rival Randgold Resources to create a global industry champion worth $18.3 billion, the pair said on Monday. The blockbuster all-share deal was described as a merger but is effectively a takeover because Barrick investors will own a majority 66.6-percent stake. Randgold shareholders will hold the rest. The […]
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 […]
US sanctions have forced Russia to look at ways of securing its foreign reserves. In recent years, Moscow has increased purchases of physical gold and dramatically reduced its share of US debt bonds. The political standoff started in 2014, shortly after the conflict in Ukraine and the referendum in Crimea in favor of joining Russia. […]
Against growing crude prices gold is significantly cheap and presents a good buying opportunity, according to Leigh Goehring, managing partner at New York-based firm Goehring & Rozencwajg Associates. The analyst compared the current situation to the one gold and oil markets experienced 20 years ago. “Back in the first quarter of 1999 oil was $11 […]
The gold accumulated by China and Russia could be seen as part of a strategy to move away from international trade denominated in US dollars, according to Singapore’s BullionStar precious metals expert Ronan Manly. Manly exclusively told RT that there is a shift occurring regarding the two countries building up their gold reserves, to perhaps […]
Great Year for Gold The price of gold is up 13 percent since January and is on target for its best-performing year since 2010. It’s driven by a weaker US dollar and safe-haven buying prompted by global political uncertainties. Spot gold was up 0.2 percent, trading at $1,297.39 an ounce as of 11:20 GMT on […]
BRICS are Taking Control of the Gold Market BRICS cooperation in the gold market was first unveiled in April by the First Deputy Chairman of Russia’s Central Bank, Sergey Shevtsov, during a visit to China. “We (the Central Bank of the Russian Federation and the People’s Bank of China) discussed gold trading,” he said. “The […]
Shayne Heffernan Gold Report Globally, gold prices fell 0.19% to $1,346 an ounce after hitting one-year high of $1,357.64 an ounce. Silver prices dropped 0.91% to $17.93 an ounce in New York in Friday’s trade. The current period of elevated uncertainty, both in terms of U.S. domestic policy and in foreign diplomacy, is supporting gold […]
The Gold Report $GLD *A North Korean diplomat on Tuesday warned that his country was ready to send “more gift packages” to the United States as world powers struggled for a response to Pyongyang’s latest nuclear weapons test. *The USD on Wednesday edged down against the JPY, getting closer to a recent 4-1/2 month low, […]
John Heffernans Gold Report Gold rose to its highest in over a week early Monday, extending gains from the previous session, after US Federal Reserve Chair Janet Yellen skipped any mention of monetary policy in a speech at a central bankers meeting in the United States. Spot gold rose 0.2 per cent to $1,293.96 an […]
Rising interest rate scenarios, weak investment demand, and optimism about the US economic growth and hints from leading central banks to end the era of easy money policy spells trouble for gold prices. While officials are busy talking things up the underlying Economy still makes Gold a long term buy. We expect gold prices to […]
HEFFX Gold Report Gold prices tally highest settlement in 3 weeks Gold prices steady despite Manchester blast Key Ratio Hints Of Gold Price Breakout Gold & Carat Grand Re-Opening in South Miami Set for May 25 Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. The projected […]
Why Gold Is Set For An Epic Rally This Spring One little-known junior explorer is grabbing attention for doing something that is virtually impossible: Landing a highly prospective and massive exploration concession that is almost always the purview of the major miners. And the timing couldn’t be better. Panic over nuclear North Korea, a sudden […]
Gold Report This Week Highlights *Strength in US dollar weighed on Gold. *Overall we remain bullish with a price target of 1500 dollars in 2018. *With Macron being elected and lull in the North Korea rhetoric, gold may dip below 1220, under 1200 its a great play. *The economies in India and China remain stable […]
Shayne Heffernan Gold Report: Gold Remains a Buy Gold fell nearly 1 percent on Monday to its weakest in two weeks after centrist Macron led the first round of voting in the French presidential election providing a good entry point to buy and hold. Hedge funds and other money managers increased their net long position […]
Shayne Heffernan Gold Report Gold closed down -1.500 at 1,199.260. Volume was 8,900% above average (trending) and Bollinger Bands were 21% narrower than normal. Open High Low Close Volume___ 1,200.4101,201.9601,198.0601,199.260 1,282 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1,226.77 1,213.86 1,260.96 Volatility: 7 12 16 […]
Shayne Heffernan Gold Report The World Gold Council released some interesting data this week. The Governments Central banks bought 383.6t on a net basis in 2016, 33% lower than 2015. Quarterly net purchases were strongest at the start and end of the year; Q4 saw the largest net addition to reserves with demand of 114.4t […]
Shayne Heffernan: Gold at $1500 in 2017 For 2017 the Gold Price looks set to rally, from the charts this may not be the bottom, but like the old saying goes, Monkeys pick bottoms. We are building a Gold position in here and expect to see Gold at $1500 in 2017. Gold closed down -33.940 […]
Shayne Heffernan Gold Report Gold closed down -0.020 at 1,215.990. Volume was 8,900% above average (trending) and Bollinger Bands were 69% wider than normal. Open High Low Close Volume___ 1,216.0101,216.9401,215.8101,215.990 91 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1,242.44 1,280.85 1,280.39 Volatility: 18 16 19 […]
Gold Shines at Dubai Week in China DMCC, Dubai’s Government authority on trade, enterprise and commodities and the world’s number one Free Zone, concluded Dubai Week in China, Shanghai, with three significant commodity trade agreements and its “Made for Trade. Together” in Shanghai Forum. DMCC’s event attracted over 130 senior government officials, business leaders and […]
Records the highest Year-To-Date volumes since inception, growing 43% from last year. Records the highest Open Interest positions on 29th August valued at over US$ 8 billion. Introduced extremely low-latency solutions for overseas market participants. Now provides full-depth market data to support sophisticated trading strategies. Volumes on the Dubai Gold and Commodities Exchange (DGCX) touched […]
Shayne Heffernan Gold Report Gold looks weak in here and there are buying opportunities below $1330. Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1,379.15. The projected lower bound is: 1,298.22. The projected closing price is: 1,338.68. Gold closed down -0.630 […]
Shayne Heffernan Gold Report: Buy the Dips Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 1,578.45. The projected lower bound is: 1,296.64. The projected closing price is: 1,337.54. Candlesticks A black body occurred (because prices closed lower than they opened). During […]
Total gold demand stood at 1,050 tonnes in April-June period, an increase of 15 percent compared with the second quarter of 2015. That took first-half demand to 2,335 tonnes — which was the second highest level for that period and not far from the record 2,371.5 tonnes seen in 2013. Investment demand surged 141 percent […]
Shayne Heffernan Gold Report $1500 Dollars on the Horizon Recently at HEFFX we closed on a major Gold reserve in the USA adding to existing reserves in South East Asia. Our outlook for Gold at HEFFX is $1500 but it is easy to see a run to $2000 in here, remember during the last big […]
HEFFX Acquires Gold Site, Eyes Australian Listing HEFFX has increased their bets on the long term growth in Gold by acquiring a site in the USA in conjunction with American/Japanese backed Toea. The Partnership will co-develop a site, details Expected 1.7m Ozs Gold Reserve • 480 contiguous acres • 300 Million tons+ of Gravel & […]
US Stock Market Update for Early August $DIA, $SPY, $QQQ, $VXX, $GLD, $SLV, $XAU The last all-time high for the DJIA (BEV Zero in the chart below) was a few weeks ago on July 20th. As per the table on the chart, the Dow Jones ended the week not far from making another. It could […]
Shayne Heffernan Gold Report Gold looks to be heading over $1400 in here. Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1,405.51. The projected lower bound is: 1,322.34. The projected closing […]
Gold Trading in Dubai Hits New Record Volumes on the Dubai Gold and Commodities Exchange (DGCX) crossed over 11Mn contracts this year, growing 49% from last year. The overall volumes in July 2016 touched 1,674,268 contracts, registering a massive year-on-year(Y-O-Y) increase of 47%, driven largely by elevated trade volumes across precious metals, currencies, equities and […]
Precious Metal trading & warehousing Global Markets offering includes the sale, storage, management and delivery of the following precious metals: Gold – XAU Silver – XAG Platinum – XPT Palladium – XPD The physical offering is inclusive of both unallocated and allocated accounts. Unallocated accounts are typically used to build positions which can be later […]
Trading volumes on the Dubai Gold & Commodities Exchange (DGCX) witnessed a new daily trading record on Tuesday, July 26, leading the Exchange to record its highest ever daily volume of 176,645 contracts valued at USD 3.6 Bn. The new daily volume record surpasses the previous high of 150,570 contracts registered on June 24, 2016, […]
Shayne Heffernan Gold Report Gold looks like a buy in here, technicals are indicating another run up Gold closed up 5.610 at 1,320.760. Volume was 8,900% above average (trending) and Bollinger Bands were 26% narrower than normal. Open High Low Close Volume___ 1,315.1101,324.6001,313.3501,320.760 16,178 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish […]
Shayne Heffernan Gold Report Buy the dips is our strategy here, technicals have posted a bearish divergence and there may be some discounted entry levels today. Long term Gold still looks strong. Gold closed down -11.470 at 1,325.980. Volume was 8,900% above average (trending) and Bollinger Bands were 46% wider than normal. Open High Low […]
Shayne Heffernan Gold Report Our strategy here is buying dips, long term we still see Gold above the $1500 mark. Gold closed down -8.250 at 1,358.150. Volume was 8,900% above average (trending) and Bollinger Bands were 69% wider than normal. Open High Low Close Volume___ 1,368.3101,374.7101,350.8001,358.150 12,401 Technical Outlook Short Term: Overbought Intermediate Term: Bullish […]
Shayne Heffernan Gold Report Gold closed up 20.130 at 1,341.910. Volume was -0% below average (neutral) and Bollinger Bands were 35% wider than normal. Open High Low Close Volume___ 1,323.0001,344.2101,320.5001,341.910 0 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,301.32 1,266.54 1,180.75 Volatility: 32 22 20 […]
Shayne Heffernan Gold Report Gold closed up 7.990 at 1,299.100. Volume was 8,900% above average (trending) and Bollinger Bands were 33% wider than normal. Open High Low Close Volume___ 1,292.9501,301.4001,291.4101,299.100 4,415 Gold Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,269.56 1,253.95 1,171.29 Volatility: 15 18 […]
The Gold Step Sum Indicator Giving Strong Buy Signal I have not published this Bear’s Eye View (BEV) chart for the Dow Jones since last February; time for a review. Here is the frequency distribution for the below BEV series (left table) with a frequency distribution of the same data going back to 2 January […]
Shayne Heffernan Gold Report We are still buying Gold on dips in the market, we will be buying aggressively if the price goes below $1200. Gold closed down -5.190 at 1,209.500. Volume was 8,900% above average (trending) and Bollinger Bands were 22% wider than normal. Open High Low Close Volume___ 1,215.4501,220.3001,208.3101,209.500 11,901 Technical Outlook Short […]
Shayne Heffernan Gold Price Report Under $1200 I will be adding to our Gold Holdings, I am also looking for any excessive reaction in some Gold stocks. Gold closed down -6.950 at 1,205.200. Volume was -0% below average (neutral) and Bollinger Bands were 16% wider than normal. Open High Low Close Volume___ 1,213.0001,213.4501,199.6001,205.200 0 Technical […]
Shayne Heffernan Gold Report Gold closed down -3.570 at 1,220.210. Volume was 8,900% above average (trending) and Bollinger Bands were 0% narrower than normal. Open High Low Close Volume___ 1,223.0001,233.6101,218.1501,220.210 10,982 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,250.92 1,247.88 1,162.29 Volatility: 15 19 19 […]
Gold May Add 10% in Next 60 days Our HEFFX forecast for Gold Pictured above seems to indicate a rally by 10% in 60 days. PREC.M.XAU= closed down -3.190 at 1,250.910. Volume was 8,900% above average (trending) and Bollinger Bands were 25% narrower than normal. Open High Low Close Volume___ 1,254.8601,259.6001,248.3201,250.910 12,214 Technical Outlook Short […]
Shayne Heffernan: Gold Report Gold closed up 1.100 at 1,274.560. Volume was 8,900% above average (trending) and Bollinger Bands were 14% narrower than normal. Open High Low Close Volume___ 1,273.6601,280.7001,269.1001,274.560 9,595 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,273.62 1,249.29 1,158.23 Volatility: 16 20 19 […]
Shayne Heffernan’s Gold Report Target $2000 We are expecting an upswing long term in Metals, for Gold we are buying undervalued Miners and Physical Gold. If you are interested in participating in the HEFFX Metals Investments contact [email protected] A recent report from the World Gold Council (WGC) said, about 30 per cent of high quality […]
Direxion Daily Gold Miners Bull 3X (NYSEARCA:NUGT) Trading Outlook “We’re recommending our clients to position for a new and very long bull market for gold,” JPMorgan Private Bank’s Solita Marcelli said Tuesday on CNBC’s “Futures Now.” After seeing three back-to-back years of losses, the precious metal has rallied 20 percent in 2016. And that’s just […]
Shayne Heffernan takes a look at Gold Trading PREC.M.XAU= closed unchanged at 1,248.460. Volume was -0% below average (neutral) and Bollinger Bands were 38% narrower than normal. Open High Low Close Volume___ 1,243.1101,270.1001,242.5001,248.460 0 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,243.80 1,236.82 1,143.32 Volatility: […]