Previous 10 | Next 10 |
The knee-jerk reaction to the most recent Fed meeting took the price of gold lower and below the $1500 level on the nearby December COMEX futures contract. At its September 18 meeting, the US central bank lowered the short-term Fed Funds rate by 25 basis points. The move was the second since J...
Something happened in the credit market this week. A Barron's article about it began: "There have been disruptions in the plumbing of U.S. markets this week. While the process of fixing them was bumpy, it was more of a technical mishap than a cause for investor concern." Keep Calm and ...
Gold futures climbed to their highest in more than two weeks, with December Comex gold ( GLD +0.5% ) settling +1.1% to $1,431.50/oz., and silver +4.2% to $18.61/oz, as weak European economic data rekindled global recession worries. More news on: SPDR Gold Trust ETF, Endeavour Silv...
We knew it was coming… The correction in the precious metals we talked about in our last blog post is now a reality. As we mentioned in our last post, we believe these corrections are healthy. Old resistance for silver at $17.50 per ounce is now support. Ditto for old resistance at $1...
Gold: Looking Forward If we look at the weekly indicators, the market after the Fed rate-cut announcement collapsed to make a low of $1490.70. The price came right into a major daily buy signal and did not quite come down to the weekly B1 level of $1484. It found very strong support or deman...
The Federal Reserve’s endless machinations really affect the gold price, sometimes confounding traders with seeming illogicalness. This week the Fed cut rates again, which has really boosted gold in the past. Yet it plunged 1.7% in less than an hour after this latest decision! While gol...
In a previous article , I explained that the yield curve would revert to positive territory when the Treasury runs out of money in September 2019. That prediction is slowly coming to fruition. Earlier this week, the repo market showed symptoms of liquidity problems where the Federal Reserve...
This week, the prices of the metals fell further, with gold -$18 and silver -$0.73. On May 28, the price of silver hit its nadir, at $14.30. From the last three days of May through September 4, the price rose to $19.65. This was a gain of $5.35, or +37%. Congratulations to everyone who bough...
Gold market participants are well aware of the outsized role of the U.S. dollar on the metal's price trend. Less widely known is the impact which interest rates play in determining gold's near-term direction. In this report, we'll examine the sensitivity gold has shown of late to fluctuations ...
The gold market has calmed since reaching its most recent high at the beginning of September. December gold sitting at around the $1500 per ounce level on September 17. The ECB cut its deposit rate by ten basis points to negative 50 basis points at its September meeting. They also restarted ...
News, Short Squeeze, Breakout and More Instantly...
DB Gold Double Long ETN due February 15 2038 Company Name:
DGP Stock Symbol:
NYSE Market:
DB Gold Double Long ETN due February 15 2038 Website:
2024-06-20 23:10:00 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...
2024-02-19 14:16:00 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...
2023-12-02 11:30:00 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...