Today is Wednesday, January 15, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,555.05. It's up 0.57% from yesterday and up...Read More
Today is Wednesday, January 15, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of MPLX LP (NYSE: MPLX), Occidental Petroleum Corporation (NYSE: OXY), and Cameco Corporation (NYSE: CCJ).MPLX LP (NYSE: MPLX)MPLX LP (NYSE: MPLX) is a $28.43 billion company today with a one-year return of -17.7%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-va...Read More
Imagine how angry you'd be if you lost out on $200 billion.I'm not saying you missed the lottery, mind you. Instead, you're holding the winning numbers in your hand, then in one quick motion rip the ticket it up and toss it in the trash.You'd be fuming from that kind of lunacy.Don't worry; you're not alone.Well, that's exactly what Iran did.Except, its geological lottery ticket just happens to be...Read More
- Peter DegraafA good place to start is at the seasonal tendencies for gold. There are seasons when gold drops in price, simply due to a lack of interest on the part of investors, and there are times when there is a seasonal tendency for investors to flock into the gold market. This chart courtesy goldchartsrus.com shows January is historically the best month for owning gold and gold produ...Read More
- Dave KranzlerGresham's Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) corresponds to the proliferation of fiat currency printing and paper gold derivatives.Since September the Fed has increased the size of its balance sheet by $414 billion or 11% in less than four months. It's the fastest rate at which the Fed has print...Read More
By: Stefan Gleason, Money Metals ExchangeThe U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be "currency manipulators." The timing was awfully convenient, coming just ahead of an expected Phase One trade deal between the two powers.Nobody actually believes China has stopped manipulating the value of its yuan versus the U.S. dollar.But the Trump...Read More
By: Craig HemkeThe battle continued in 2019, and rarely has the disparity been this sharp.And what do we mean?Well, on one hand, you have real physical gold. This is gold that you store yourself or at a trusted vaulting company. This is gold that you can actually hold in your hands. This is the gold that is demanded at record levels by central banks around the globe.On the other hand, we have pr...Read More
- Stewart Thomson, Graceland Updates 1. For the past few years, I've been suggesting that the world's ultra-wealthy investors have been buying enormous quantities of physical gold at a rate that overwhelms the commercial trader shorting on the COMEX.2. Please click here now. RT News highlights a wonderful chart produced by Goldman Sachs, and it likely proves that my theory is 100% cor...Read More
By: Ira EpsteinGold found support around $1,540. Pattern still bearish short-term, needs to get above $1,570. 18-DMA around $1538:Read More
On the face of it, the so called trade US-China trade deal looks a sham just to fool the voters. US treasury secretary has said that trade tariff's with China will be there until the second phase of the trade agreement. Trump's biggest vote bank is farming states. Energy companies have a history of funding Republicans. Chinese will be buying very large quantities to American farm produce and Ame...Read More
This, the second part of our Silver research article suggesting Silver may be forming a massive price base in preparation for an explosive upside move, will continue from Part I of this research series.Our research team believes Silver is setting up in a price pattern that may already be “ripe” for an explosive upside move. Our researchers have poured over the data and believe th...Read More
Technical analyst Clive Maund charts silver's progress in comparison to gold's following recent world events.Silver's recent rally looks diminutive and stunted compared to gold's, but that's normal at this early stage of a new bull market, when silver typically underperforms gold due to investors being risk-averse and silver being perceived as more risky and volatile than gold. Nevertheless, as we...Read More
Technical analyst Clive Maund examines the effects of recent geopolitical events on the precious metals markets.It has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top general by a U.S. drone—but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who...Read More
- Peter DegraafA good place to start is at the seasonal tendencies for gold. There are seasons when gold drops in price, simply due to a lack of interest on the part of investors, and there are times when there is a seasonal tendency for investors to flock into the gold market. This chart courtesy goldchartsrus.com shows January is historically the best month for owning gold and gold produ...Read More
- Dave KranzlerGresham's Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) corresponds to the proliferation of fiat currency printing and paper gold derivatives.Since September the Fed has increased the size of its balance sheet by $414 billion or 11% in less than four months. It's the fastest rate at which the Fed has print...Read More
By: Stefan Gleason, Money Metals ExchangeThe U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be "currency manipulators." The timing was awfully convenient, coming just ahead of an expected Phase One trade deal between the two powers.Nobody actually believes China has stopped manipulating the value of its yuan versus the U.S. dollar.But the Trump...Read More
By: Craig HemkeThe battle continued in 2019, and rarely has the disparity been this sharp.And what do we mean?Well, on one hand, you have real physical gold. This is gold that you store yourself or at a trusted vaulting company. This is gold that you can actually hold in your hands. This is the gold that is demanded at record levels by central banks around the globe.On the other hand, we have pr...Read More
- Stewart Thomson, Graceland Updates 1. For the past few years, I've been suggesting that the world's ultra-wealthy investors have been buying enormous quantities of physical gold at a rate that overwhelms the commercial trader shorting on the COMEX.2. Please click here now. RT News highlights a wonderful chart produced by Goldman Sachs, and it likely proves that my theory is 100% cor...Read More
By: Ira EpsteinGold found support around $1,540. Pattern still bearish short-term, needs to get above $1,570. 18-DMA around $1538:Read More
On the face of it, the so called trade US-China trade deal looks a sham just to fool the voters. US treasury secretary has said that trade tariff's with China will be there until the second phase of the trade agreement. Trump's biggest vote bank is farming states. Energy companies have a history of funding Republicans. Chinese will be buying very large quantities to American farm produce and Ame...Read More