Santa Claus rally in Gold and Silver Crowns a very good yearIt was a very good year for precious metals. Gold posted a nearly 19% gain and silver rose over 17%. As you can see in the chart below, the move higher began in early summer defying the annual summer doldrums, hit an impasse during autumn, then ended the year with a surprise Santa Claus rally that took it over the $1520 mark....Read More
- Gary ChristensonBreaking news: The impeachment circus continues, the trade deal is both off and on, tweets and Iran news move the market, S&P 500 Index hit new highs (thanks to central bank liquidity), and more of the same nonsense will unfortunately create more of the same.WHAT HAPPENS TO PRICES NEXT DECADE IN FIVE TO TEN YEARS?What we know, think we know and speculation:WHAT WE KNOW THAT HAS...Read More
- Dave KranzlerUnequivocally, the "repo" operations by the Fed is "QE." Well, let's just call it what it is because "QE" was coined in place of "money printing." The socially correct posture to assume on Wall Street and in DC at the Fed is to label the current bout of money printing "repo operations." In fact, based on all of the underlying data I scour daily, let's just cut to the chase a...Read More
Craig Hemke, TF MetalsThe year 2019 unfolded just about as we predicted in our annual look-ahead post entitled "2010+9". And that's nice. But it's all for naught if we fail to correctly forecast where we go from here. With that in mind, here's a first look at what to expect in 2020.These annual forecasts are risky business. Get it wrong and you create a paper trail for trolls to poach for years...Read More
By Ira EpsteinIn terms of Bullishness, 18 day moving average crosses over 100 day moving average, gold entering 4th day of over Bollinger bands, another bullish sign of gold market..Read More
Comex February futures rose to $1613.30 as I prepare this report. Big jump of over $30 (from yesterday's close) on Iran's retaliation. American and European reaction will be closely watched. Whether the reaction by Iran will turn into a full fledged war or it is just a one off move remains to be seen. Traders and all alike will prefer to be long in gold than short. Yesterday USA session price mo...Read More
Dear Reader,Whenever despair slumps our shoulders and the sorrows of the world gnaw our liver… we can rely on CNBC to bring us up:"Latest Data Show the Economy Ended 2019 on a Strong Note, Putting Recession Fears to Bed."Thus we are caressed, soothed, cheered, lifted.And mortified.When fear goes to bed… we vault instantly up from our own, hemorrhaging icy sweat.That is because danger i...Read More
The owner of the asset ascertained this from new drill results. Blackrock Gold Corp. (BRC:TSX.V; BKRRF:OTCMKTS) announced in a news release that recent drilling confirmed that an east-west trending epithermal vein system exists at its Silver Cloud property in Nevada."The potential for discovery of a bonanza epithermal system on our property, for which the Northern Nevada Rift is renowned, represe...Read More
The Canadian company reports new results from its 2019 drill campaign. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) increased the size of the Discovery 2 zone via stepout drilling at its Black Pine Property in southern Idaho, it announced in a news release. The company expanded Discovery 2 to 600 meters (600m) in the northeast-to-southeast direction, thereby connecting it to the Discovery 1 zone via...Read More
Jan 10, 2020 Guest(s): Phillip Streible Chief Market Strategist, Blue Line Futures Gold's solid fundamentals are set to see prices head higher, and geopolitical tensions in the Middle East are simply "green shoot" events that offer traders and investors a short-term opportunity to take gains, this according to Phil Streible, chief market strategist of Blue Line Futures. "I think the underlying f...Read More
Technical analyst Clive Maund discusses the effects of geopolitics on the price of gold. In this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian general and its potential implications for the gold price. On the...Read More
Let’s put the geopolitical gyrations in oil into aproper perspective by taking a look at the monthly chart. The overall situationhasn’t changed much as crude oil is still trading inside the blue consolidationbelow three very important resistances (the red and orange bearishgaps and the 61.8% Fibonacci retracement), which form the key resistance zonefor the coming week(s). Additionally,...Read More
Santa Claus rally in Gold and Silver Crowns a very good yearIt was a very good year for precious metals. Gold posted a nearly 19% gain and silver rose over 17%. As you can see in the chart below, the move higher began in early summer defying the annual summer doldrums, hit an impasse during autumn, then ended the year with a surprise Santa Claus rally that took it over the $1520 mark....Read More
LONDON, 8 January 2020 - BullionVault's latest customer survey opens a report on the outlook for gold investing from The Daily Telegraph, the UK's best-selling broadsheet newspaper.Noting that gold prices have already risen this New Year, "Four in five gold buyers believe this can continue and investing in the metal will beat stocks," says The Telegraph online, quoting BullionVault."Most predicted...Read More
By: Ira EpsteinGold's move to 7-year highs, what to look for next: resistances and supports:Read More
Focus will now shift to US December private ADP job numbers tomorrow and Friday's US December nonfarm payrolls. Both these numbers should come it at or over 160,000 for gold and silver to see selling pressure. Use sharp dips to invest for Easter in both gold and silver. Trade pact with China and Brexit has already been factored by the markets. Trump has started 2020 with a fragile Middle east an...Read More
It was a choppy session on Wall Street todayThe Dow turned in a triple-digit loss today, as rough outings from Merck (MRK) and Chevron (CVX) overshadowed upbeat U.S. services data. The blue-chip index pared a wider triple-digit deficit, though, amid fewer headlines regarding U.S.-Iran tensions. The S&P 500 and Nasdaq joined the Dow in the red, with the latter giving up last-minute gains despite a...Read More
Best Buy stock looks to be in the position to enjoy short-covering tailwindsElectronics retailer Best Buy Co Inc (NYSE:BBY) saw its stock rise to new highs in mid-December following a positive earnings release in November, rallying past previous record highs in the $85 region. The shares are holding just above this previous peak now, and a shift in sentiment could have them adding to their year-ov...Read More
ETFC's early October bottom coincides with its November 2007 lowsE-Trade Financial Corp's (NASDAQ:ETFC) drop off its Sept. 16 high near $46 can be described as "fast and furious," driven by a negative reaction to a "commissions race" among brokerages. More specifically, ETFC fell 4.8% on Sept. 26 when Interactive Brokers (IBKR) unveiled a commissions-free trading product, and then surrendered 16.4...Read More
ETFC's early October bottom coincides with its November 2007 lowsE-Trade Financial Corp's (NASDAQ:ETFC) drop off its Sept. 16 high near $46 can be described as "fast and furious," driven by a negative reaction to a "commissions race" among brokerages. More specifically, ETFC fell 4.8% on Sept. 26 when Interactive Brokers (IBKR) unveiled a commissions-free trading product, and then surrendered 16.4...Read More