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On December 3, the price of nearby March COMEX silver futures was trading at $17.215 per ounce, above the midpoint of its 2019 trading range. The prices of lead and zinc were waiting for the next shoe to drop in the trade war between the US and China. When it comes to the base metals that trad...
Gold futures ( GLD +1% ) rose to their highest mark in nearly a month , enjoying safe-haven buying interest after Pres. Trump said a U.S.-China trade deal could wait until after the November 2020 presidential election. More news on: SPDR Gold Trust ETF, Harmony Gold Mining Company Limit...
The basic idea behind the Quantity Theory of Money could be stated as: too much money supply is chasing too little goods supply, so prices rise. We have debunked this from several angles. For example, we can use a technique that every first year student in physics is expected to know. Dimensio...
By Warren Patterson, Head of Commodities Strategy & Wenyu Yao, Senior Commodities Strategist Crude oil - OPEC+ action needed The oil market is set to return to surplus over the first half of 2020, and so expectations are that prices will weaken over 1H20. We are currently f...
Contrary to most investors thinking that gold is primarily an inflation hedge, thinking about gold and its correlation to long-term equity returns, my own opinion is that gold is really a hedge for sub-par equity market returns, and gold and the GLD really adds "alpha" (so to speak) when long-...
Back in May, I was suggesting to my subscribers that we are likely bottoming and getting ready for the next rally in the metals complex. Then, in early June, I penned a public article entitled “ Strap Yourselves In - Gold May Take Off Like A Rocketship.” Then, in mid-August, I...
A remarkable precious metals rally ended in early September. Gold reached almost into a long-term resistance cluster before the advance stopped. The subsequent correction has been unfolding for two months. Its character is choppy, shallow, and time-consuming. Those who are familiar with our ...
European central banks are slowly preparing for plan B: gold. Written by Jan Nieuwenhuijs, formerly known as Koos Jansen . It was long believed in the gold space that Western central banks are against gold, but things have changed, for quite some years now. Instead of discouraging...
When I started in the gold business in the early 1980s, South Africa was the world's leading producer of the yellow metal. Over the past four decades, the world has changed dramatically. So has the process of extracting precious metals from the crust of the earth. Today, China is the leading...
The gold bulls have lamented their favorite asset’s’ underperformance in November, and for good reason. The yellow metal has shed 4% of its value in the month to date and has diverged lower against the recently back-in-favor U.S. stock market. And while there may be some additi...
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2024-06-16 00:02:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-06 02:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-25 10:44:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...