Talking Points Crude Oil Poised to Follow Stocks Higher Amid Recovery in Risk Appetite Gold May Fall Despite Dollar Weakness as FOMC Minutes Weigh on QE3 Bets WTI Crude Oil (NY Close): $98.83 // -0.82 // -0.82% Prices are probing above the $100/barrel figure in Europe as a recovery in risk appetite that began in [...]
LOS ANGELES (MarketWatch) — Hong Kong stocks fell in early Thursday trading, joining losses elsewhere in Asia after strong gains in the previous session, with the Hang Seng Index dropping 0.4% to 18,345.98. Mainland Chinese firms fared little better, with Hong Kong’s Hang Seng China Enterprises Index losing 0.3%, and the Shanghai Composite retreating 0.7%. [...]
It is well established that there is a high correlation between how the price of gold and silver trades. Thanks to this relationship between gold and silver, one is able to use historical trading data of the one good, in order to project what may happen to the price of the other. Originally from The [...]
Silver’s demand as a safe haven investment remains intact with investors in India holding on to the white metal, as slow growth coupled with the ongoing debt issues in the US and the Euro zone support demand. Originally from Mineweb – Daily news headlines
The elections in Peru of Humala, an avowed radical socialist, is an ongoing development of great significance for precious metals and mining investors. It is not an event that has gone unnoticed by experienced speculators. Mining investors (GDX) worldwide are watching July 28th when the new regime takes control. So far in 2011 investors have [...]
GoldMoney CEO, James Turk says surging physical demand for the metals is pushing them into backwardation and should see gold hitting $2,000 per ounce this year Originally from Mineweb – Daily news headlines
GoldMoney CEO, James Turk says surging physical demand for the metals is pushing them into backwardation and should see gold hitting $2,000 per ounce this year. Originally from Mineweb – Daily news headlines
This is shaping up to be a very important and a very interesting day for the precious metals and the mining names. With oil inventories putting pressure on U.S. oil prices in general, it remains to be seen if oil’s impact presses other commodity prices lower — in particular, the precious metals. If the mining [...]
Gold (XAU/USD) – Gold is following through with yesterday’s outlook . – The RSI is breaking below 30 in the 4H chart, and below 40 in the daily chart. We continue to be in a correction and the 1355 area could turn into resistance after being broken as support. – A swing projection targets 1323. [...]
Comex gold futures ended slightly lower and near mid range in quieter trading Thursday. The solid rebound in the U.S. dollar index this week and lower crude oil prices Thursday worked to pressure the precious metals markets. February Comex gold last traded down $2.20 at $1 371.50 an ounce. Spot gold last traded down $6.80 [...]
The benchmark gold contract grabs an early tailwind, reclaiming the $1,400 mark, as March copper punctuates the industrial metal’s recent record-setting gains. Originally from MarketWatch
Over the past 2 weeks we have seen the market sentiment change three times from extreme bullish to bearish and back to bullish as of today. Normally we don’t see the herd (average Joe) switch trading directions this quickly. Over the past 10 years I found that the average time for the herd to reach [...]
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