Gold Articles

Palladium Technical Analysis Price Forecast / Commodities / Palladium

Saturday, November 03, 2018 / Nadeem_Walayat

This a technical look at the prospects for the Palladium price. This analysis was first made available to Patrons who support my work. So to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat. Technical AnalysisPalladium is clearly in a very strong bull market th...Read More

Silver Bottoming Almost Complete / Commodities / Gold and Silver 2018

Saturday, November 03, 2018 / Hubert_Moolman

The current silver bottoming process isvery similar to that of 2001 to 2003. It took a while for silver to establish abase which set up the bull rally in the following years to 2011.The current bottoming has been longer, butit fits the profile of the early 2000 bottom in many respects. Below, is achart which show the similarity: I have marked the two patterns (1 to 5) toshow how they are similar....Read More

Palladium Technical Analysis Price Forecast / Commodities / Palladium

Saturday, November 03, 2018 / Nadeem_Walayat

This a technical look at the prospects for the Palladium price. This analysis was first made available to Patrons who support my work. So to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat. Technical AnalysisPalladium is clearly in a very strong bull market th...Read More

COT Gold, Silver and US Dollar Index Report - November 2, 2018

2 November, 2018 / GoldSeek.com

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort168,754155,56091,460165,857197,062426,071444,082Change from Prior Reporting Period -23,824-7,63017,5102,443-12,872-3,871-2,992Traders17593885651274194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 48,87030,859474,941 980101-2,891 non reportable positionsChange fr...Read More

"Red October" Highlights Importance of Rebalancing Portfolios and Gold's "Very Positive" Outlook

2 November, 2018 / GoldCore

After a volatile month, which is being called "Red October," our latest video update was released and we considered the sharp fall in stock markets globally, falling property markets in the UK and Australia and gold's safe haven gains in all currencies.Gold acted as a hedge in all currencies in October, rising 1.7% in dollars, 4.4% in euro terms and 4.2% in sterling terms. Bitcoin and other c...Read More

Gold Closes Back Above 100-Day Moving Average

Friday November 02, 2018 18:40 / Kitco News

Yesterday's $22 gain was significant for a multitude of reasons. First, it was the most significant single-day gain since October 11, when gold traded from just under $1,200 ($1,198) and closed a respectable $30 higher, finally settling at approximately $1,227.80 per ounce. The significance of that gain was that gold pricing finally broke above multiple key levels of resistance. The first level go...Read More

Stocks Settle Lower But Score Big Weekly Gains

Nov 2, 2018 4:35 PM / Andrea Kramer

Apple earnings tipped the scales in the bears' favorThe Dow traded in a range of 500 points on both sides of breakeven today, ultimately ending in the red. While stocks started the session strong on a solid October jobs report, an ugly earnings reaction from FAANG stock Apple (AAPL) ultimately tipped the scales in the bears' favor. In addition, the White House threw a wet blanket on a Bloomberg re...Read More

Dollar up as U.S.-China trade tensions linger, jobs data helps

Friday November 02, 2018 15:54 / Kitco News

NEW YORK (Reuters) - The dollar rose against the yen and the euro on Friday in a choppy session, as worries that a trade deal between the United States and China may not be imminent curtailed risk appetite and boosted safe-haven demand for the greenback.White House economic adviser Larry Kudlow told CNBC that President Donald Trump has not asked U.S. officials to draw up a proposed trade plan for...Read More

Turkey's Erdogan says Khashoggi killing ordered by highest level of Saudi government

Friday November 02, 2018 15:54 / Kitco News

ANKARA (Reuters) - The order to kill journalist Jamal Khashoggi came from the “highest levels” of the Saudi government, Turkish President Tayyip Erdogan said in an op-ed piece published by the Washington Post on Friday.However, he wrote: “I do not believe for a second that King Salman, the custodian of the holy mosques, ordered the hit on Khashoggi.”Reporting by Ece Toksaba...Read More

Trump predicts U.S. will reach a trade deal with China

Friday November 02, 2018 15:27 / Kitco News

WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday that a lot of progress had been made with China on trade, and he predicted the world’s two largest economies would reach a very good deal.Speaking to reporters at the White House before departing for a campaign event, Trump confirmed that he would meet with Chinese President Xi Jinping when they are in Argentina for a Nov. 30-...Read More

Obama warns against rhetoric of fear in U.S. congressional races

Friday November 02, 2018 15:23 / Kitco News

MIAMI (Reuters) - Former U.S. President Barack Obama warned against rhetoric he said was designed to sow fear at rally supporting Democratic candidates on Friday, a packed day of campaigning that will also see his successor, Donald Trump, on the road urging voters to keep his Republican Party in control of Congress.Obama hit on a common closing campaign theme of Democratic campaigns - defending th...Read More

Citizenship question could hamper U.S. Census response: official

Friday November 02, 2018 15:17 / Kitco News

NEW YORK (Reuters) - The Trump administration’s decision to ask about citizenship on the 2020 Census questionnaire could undermine the quality of the data by discouraging non-citizens from responding, the U.S. Census Bureau’s chief scientist said.But, added John Abowd in written testimony seen by Reuters, the question will not necessarily lead to an undercount, because the governmen...Read More

Trump supporters' election test: a movement or a moment

Friday November 02, 2018 14:39 / Kitco News

SPRINGFIELD, Mo. (Reuters) - In rally after rally, President Donald Trump exhorts throngs of red-hatted supporters to treat next week’s congressional elections as a referendum on Trumpism and the grass-roots movement that swept him to power.“You’re voting for me in 2018,” Trump told a raucous crowd in a late September appearance for Republican candidates in Missouri. &ldquo...Read More

3 Stocks Rewarding Short Sellers

Nov 2, 2018 2:37 PM / Karee Venema

All three names are on the short-sale restricted list today, thoughThe Dow has explored a 500-point trading range on both sides of breakeven, as Wall Street digests the latest trade developments and a negative earnings reaction for Apple (AAPL). Among other stocks making notable moves are gene therapy specialist Adverum Biotechnologies Inc (NASDAQ:ADVM), Apple supplier Universal Display Corporatio...Read More

Gold falls after a strong October jobs report, ends lower for the week

Nov 2, 2018 2:36 p.m. / Myra P. Saefong and William Watts

Gold futures declined on Friday after a stronger-than-expected October jobs report, prompting prices for the precious metal to end the week with a modest loss. Gold for December delivery GCZ8, -0.16% fell $5.30, or 0.4%, to settle at $1,233.30 an ounce. It ended the week roughly 0.2% lower, according to FactSet data. On Thursday, gold settled at a more than three-month high, up 1.9% as the U.S....Read More

Barclays, Lloyds and Italy's BPM fare worst in EU stress test

Friday November 02, 2018 14:33 / Kitco News

LONDON (Reuters) - British banks Barclays (BARC.L) and Lloyds (LLOY.L), and Italy’s Banco BPM (BAMI.MI) have fared worst in the latest European Union wide “stress test” of top lenders’ resilience to simulated market shocks.The European Banking Authority (EBA), the EU’s banking watchdog, published the results for 48 banks on Friday in its toughest test since 2009, when...Read More

Gold Analysts Watching For Surprises As U.S. Midterm Elections, Fed Meeting Near

Friday November 02, 2018 14:30 / Kitco News

(Kitco News) - Analysts are focusing on next week’s midterm elections in the U.S. and the Federal Reserve’s monetary policy meeting as gold tries to hold significant support above the $1,230 an ounce level.While the majority of analysts interviewed by Kitco remained bullish on gold price next week, many experts talked about uncertainty in the air due to Tuesday’s midterm election...Read More

Regulus spin-out Aldebaran Resources starts trading

Nov. 2, 2018, 2:27 PM / Northern Miner Staff

Regulus Resources' (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at $0.90 before tumbling to $0.59 in mid-afternoon trading.The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system i...Read More

Tesla Stock Buzzing After Latest SEC Subpoena

Nov 2, 2018 2:22 PM / Patrick Martin

The electric car name remains heavily shortedTesla Inc (NASDAQ:TSLA) confirmed today that the Securities and Exchange Commission (SEC) has issued subpoenas investigating production projections for its Model 3 vehicle. Should government enforcement occur, Tesla has said it could have "material adverse impact on our business."This isn't the first time the Feds and Tesla have battled it out. Elon Mus...Read More

Stock gains curtailed, with U.S. lower, on report U.S.-China trade deal not imminent

Friday November 02, 2018 14:15 / Kitco News

NEW YORK (Reuters) - Concerns that a trade deal between the U.S. and China may not be imminent reined in a rally in world equity markets and reversed gains on Wall Street on Friday, while strong U.S. wage growth boosted U.S. bond yields.Markets had earlier climbed on hopes that the world’s two biggest economies were mending their shaky trade relations.A steep decline in shares of Apple Inc f...Read More

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