Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
(Kitco News) - Gold and silver prices aremodestly higher in early U.S. trading Monday. A weaker U.S. dollar index onthis day is working in favor of the precious metals markets bulls. August Comex gold futures were last up $1.80 an ounce at $1,301.10. July Comex silver waslast up $0.084 at $16.53 an ounce. Worldstock markets were mostly higher overnight. U.S. stock indexes are pointedtoward higher...Read More
Stocks have been all bark and no bite, stuck in a trading range -- but that could change "If a pullback occurs ... bulls want to see support on the SPY come into play between $266.86 -- its 2017 close -- and the $270.43 level."-- Monday Morning Outlook, May 14, 2018"[M]arket participants are currently at the ready to accumulate stocks or cover short positions at the slightest hint of a pullback .....Read More
Several factors could limit gold’s upside potential for now,says Commerzbank. On the news front, last week ended with astronger-than-forecast U.S. jobs report for May, with unemployment continuingto fall but wages rising more than expected, pointing to inflation risks, thebank says. “The U.S. Fed is likely to see this as confirmation that its cycleof rate hikes is appropriate,” C...Read More
* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Adds quote, data, context.)LONDON, June 4 (Reuters) - Sterling rose to a seven-day high on Monday as the dollar fell and data on Britain’s construction sector narrowly beat expectations.In May, the pound fell 3.43 percent versus the dollar, its biggest monthly decline...Read More
MUMBAI (Reuters) - India’s central bank is getting poised to raise interest rates for the first time since January 2014, analysts say - the question is whether this will happen on Wednesday or in August.The anticipated increase could put a dent in growth, which has recovered after blows from the November 2016 demonetisation and the bumpy July 2017 launch of a national goods and services tax....Read More
ATHENS (Reuters) - Greece’s economy grew for a fifth straight quarter in January-to-March and at a faster pace than in the previous three months, helped by stronger exports, the statistics service (ELSTAT) said on Monday.Seasonally adjusted data showed gross domestic product grew 0.8 percent in the first quarter compared to an upwardly revised 0.2 percent in October-to-December.The data sugg...Read More
For years, there has been anargument about technical analysis -- whether or not it works for gold and silver.Many believe that the metals are manipulated, and technical analysis does notwork on gold and silver.The facts are simple. Technicalanalysis always works, giving traders and investors a leg up on those who tryto play the news and fundamentals. They may not always be right, but theyalways gi...Read More
Find trade set ups with the Weekly Forex Forecast technical analysis and market review! This weeks Weekly Forex Forecast and technical analysis covering 10 markets includes the following - Pairs and markets analysed this week: USD Index, Crude Oil, EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCHF, USDCAD and GOLD. Highlighted in the video are key areas of support and resistance which look...Read More
Mr. Nav Dhaliwal reportsBONTERRA FURTHER EXTENDS THE GLADIATOR GOLD DEPOSIT TO THE WEST INTERSECTS 34.3 G/T AU OVER 2.8 M IN THE NORTH ZONEBonterra Resources Inc. has released the latest drilling results from the continuing resource development program at the Gladiator gold deposit, including an intersection of 34.3 grams per tonne gold over 2.8 metres, which further extended the south zone to the...Read More
* Gold holds in range after falling 0.6 pct last week * Money manager net platinum short hits record levels -ING * GRAPHIC-2018 asset returns: (Updates prices)By Jan HarveyLONDON, June 4 (Reuters) - Gold edged higher on Monday,supported by a retreat in the dollar as Italian political riskreceded, though the prospect of another rise in U.S. interestrates kept a lid on gains.The metal fell on Friday...Read More
SHANGHAI, Jun 4 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index closed at 94.179 last Friday, slightly down over the week. The index registered a six-month high of around 95.02 in the middle of last week and then lost the gains. The strong performance of US nonfarm payrolls further fuelled the anticipation of...Read More
CloseGain/LossGold $1291.80-$1.30Silver$16.40+$0.01XAU82.18-1.04%HUI176.94-1.23%GDM620.48-0.10%JSE Gold1007.04-7.73USD94.05-0.18Euro116.98+0.39Yen91.13+0.29Oil$64.75-$1.0610-Year2.943%+0.041T-Bond143.96875-0.84375Dow24813.69+0.72%Nasdaq7606.46+0.69%S&P2746.87+0.45% The Metals: Gold dipped $2.70 to $1290.40 in Asia before it rallied up to $1297.70 in London, but it then dr...Read More
TIMBER!! That is the standard cry in the forest industry among loggers who cut down giant trees, the warning to step aside for the great impact. GET READY FOR THE SIMULTANEOUS BANKING CRISIS IN THE THREE BIGGEST EUROPEAN ECONOMIES: GERMANY, FRANCE, ITALY. The United States and the London Centre will not be able to avoid the crisis.Try that again. TIMBERRRR !! An event of monumental importance an...Read More
By Nicholas LePan, GoldSeek.comIn 2012, the government of Saskatchewan published a report "Saskatchewan Gold: Mineralization Styles and Mining History" which outlined that the majority of the province's gold deposits are Orogenic Gold Deposits "OGD", more of which SSR Mining (TSX: SRRM) hopes to find with its current exploration efforts by chasing a shear zone that extends from the Santoy Orogen...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up 2.39 percent. In terms of gold, traders and analysts were bullish on the yellow metal this week after being split in the previous week, according to the Bloomberg weekly survey. The bullishness is driven by uncertainty over the future leadership of Italy and Spain, which could lead investors to gold. H...Read More
VANCOUVER, British Columbia, June 04, 2018 (GLOBE NEWSWIRE) -- Blue Sky Uranium Corp. (BSK.V) (MAL2.F) (BKUCF), ("Blue Sky" or the "Company") is a member of the Grosso Group and is the 100% owner of approximately 459,000 hectares (1,134,000 acres) of uranium and vanadium concessions in Argentina in the southern provinces of Chubut and R?o Negro, Argentina.AchievementsThe Company's flagship proje...Read More
Gold moved lower in May and it's also down in June, but the price action is far from being spectacular. The overall volatility is still very low and the situation in the precious metals sector is simply extremely boring. But with May now being over and with a new month, new factors are likely to come into play and the odds are that this month will be anything but boring. Especially, if we see th...Read More
By Avi GilburtBubbles in Nasdaq, bubbles in financial assets, bubbles in cryptos . . . bubbles are being reported everywhere. Moreover, more and more analysts are pointing to some financial crisis after another as each day goes by. Whether it is because of the cessation of QE, or because of the issues in Italy, or trade wars, etc., we are clearly not lacking for any reasons as to why this market...Read More
This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate.With Donald Trump close to re-instituting economic sanctions on Iran, it's worth remembering that gold served as a tool for skirting the the l...Read More