Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort275,57125,56740,010120,045401,681435,626467,258Change from Prior Reporting Period -11,811914-4,4385,143-6,850-11,106-10,374Traders20350785858292158 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,71723,085490,343 633-99-10,473 non reportable positionsChange from t...Read More
By Alasdair MacleodAn unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely to awaken to this danger.The question arises as to what will replace fiat currencies. In the past the answer has always been gold but today there...Read More
By Mike GleasonPrecious metals markets appear to be gearing up for another leg higher. On Thursday, the metals complex rose sharply across the board. Gold gained about 2.5% while silver packed on nearly 4%. Both of the monetary metals showed signs of breaking out of the sideways trading ranges they've been stuck in over the past four weeks. Silver closed solidly above its 50-day moving average f...Read More
With the stock markets near a critical juncture during the most-extreme economic dislocations of our lifetimes, big US stocks' fundamentals have never been more important. After plummeting in a brutal stock panic on the catastrophic economic damage caused by governments' draconian lockdowns to fight COVID-19, stocks have skyrocketed in a monster rally. Are these gains righteous or doomed to...Read More
By: Gary SavageThe markets discount results ahead of time. S&P technical set-up. Gold has a pattern in play seen before since the start of this latest bull market...https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinBig breakout day for gold and silver! Expecting 16% unemployment rate for tomorrow, but that will be the big price driver. It will be released on Friday at 8:30 Eastern time:Read More
Trade war, US unemployment, and even rise in US stock market are the reason for gold price to rise. Profit in stock trading is invested in gold. Lack of stock market margin pressure has resulted in more long positions in gold, silver, crude oil and copper. Liquidity is abundant. There is free money and lack of investment avenues. Businesses with cash are just using to trade and invest in stocks...Read More
Both Gold and Silver Futures have been struggling to rallyabove recent high levels since the start of the global stock market collapserelated to the COVID-19 virus event. Yet, the Junior Gold Miners appear to be telling us the Precious Metalsmarket is boiling hot.Gold, the bell-weather safe-haven asset, initially collapsedwhen the US stock market started the massive selloff in late February 2...Read More
Most resource sector writers (including me) have for a long timebeen "wrong" about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920and $49 in 2011, those who listened, acted, and sold a bit did quite well. Weargued the "longer time bullish case" as these metals dropped intotheir final cyclical bear market graves in late 2015.But that was then&he...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort275,57125,56740,010120,045401,681435,626467,258Change from Prior Reporting Period -11,811914-4,4385,143-6,850-11,106-10,374Traders20350785858292158 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,71723,085490,343 633-99-10,473 non reportable positionsChange from t...Read More
By Alasdair MacleodAn unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely to awaken to this danger.The question arises as to what will replace fiat currencies. In the past the answer has always been gold but today there...Read More
By Mike GleasonPrecious metals markets appear to be gearing up for another leg higher. On Thursday, the metals complex rose sharply across the board. Gold gained about 2.5% while silver packed on nearly 4%. Both of the monetary metals showed signs of breaking out of the sideways trading ranges they've been stuck in over the past four weeks. Silver closed solidly above its 50-day moving average f...Read More
With the stock markets near a critical juncture during the most-extreme economic dislocations of our lifetimes, big US stocks' fundamentals have never been more important. After plummeting in a brutal stock panic on the catastrophic economic damage caused by governments' draconian lockdowns to fight COVID-19, stocks have skyrocketed in a monster rally. Are these gains righteous or doomed to...Read More
By: Gary SavageThe markets discount results ahead of time. S&P technical set-up. Gold has a pattern in play seen before since the start of this latest bull market...https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinBig breakout day for gold and silver! Expecting 16% unemployment rate for tomorrow, but that will be the big price driver. It will be released on Friday at 8:30 Eastern time:Read More
Trade war, US unemployment, and even rise in US stock market are the reason for gold price to rise. Profit in stock trading is invested in gold. Lack of stock market margin pressure has resulted in more long positions in gold, silver, crude oil and copper. Liquidity is abundant. There is free money and lack of investment avenues. Businesses with cash are just using to trade and invest in stocks...Read More
Both Gold and Silver Futures have been struggling to rallyabove recent high levels since the start of the global stock market collapserelated to the COVID-19 virus event. Yet, the Junior Gold Miners appear to be telling us the Precious Metalsmarket is boiling hot.Gold, the bell-weather safe-haven asset, initially collapsedwhen the US stock market started the massive selloff in late February 2...Read More
Most resource sector writers (including me) have for a long timebeen "wrong" about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920and $49 in 2011, those who listened, acted, and sold a bit did quite well. Weargued the "longer time bullish case" as these metals dropped intotheir final cyclical bear market graves in late 2015.But that was then&he...Read More
Both Gold and Silver Futures have been struggling to rallyabove recent high levels since the start of the global stock market collapserelated to the COVID-19 virus event. Yet, the Junior Gold Miners appear to be telling us the Precious Metalsmarket is boiling hot.Gold, the bell-weather safe-haven asset, initially collapsedwhen the US stock market started the massive selloff in late February 2...Read More