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Viruses and Interest Rates Gold received a boost over the past week when the coronavirus threat sent the price higher to $1,588 per ounce. The market needs to consolidate the current prices to reflect the seriousness of this virus on a global scale and to challenge the January high of $1...
This is the story of how the Chinese central bank manipulates premiums on gold traded over the Shanghai Gold Exchange. Evidence suggests that since 2017 the Chinese central bank is artificially elevating premiums on gold traded at the Shanghai Gold Exchange ((SGE)) by roughly 0.5%. A Reu...
Originally published January 22, 2020 Last week was big for platinum group metals (PGMs). Stricter emissions standards in China proved to be the catalyst for a huge move in palladium. Palladium and platinum are critical components of catalytic converters. Catalytic converters are the main ...
The last several days have shown just how quickly risk aversion can replace a care-free attitude among investors. The spreading coronavirus in China has caused investors to turn their attention away from risk assets like stocks and toward safety. In this report, we'll discuss the rapid improve...
In this article, I focus on the inverted implied lease rate situation, signaling an ongoing deficit in physical supply almost daily, for years running, in gold and silver. Essentially, large physical supply is getting harder and harder to find for hedge funds, banks, central banks and broker...
In 1980, the price of gold rose to a high of $875 per ounce on the nearby NYMEX futures contract. The yellow metal did not return to that level for twenty-seven years. In 2008, after reaching a new high at over $1000 per ounce, the price slipped back to a low of $681 during the risk-off period...
By David Brady I am not here to go into the fundamental reasons why the futures market for Palladium has broken down. I recommend you review the work of David Jensen and Craig Hemke in that regard. They saw the breakdown months in advance. Instead, I analyzed the COT data for signs that th...
Silver is still in consolidation mode since early September, but could be close to a resolution. Below, is the chart of Silver: On the chart there appears to have formed some fractals. The current one has also broken out at the blue line in middle to late December of 2019, and is currently...
The bull market in gold and silver began in the early 2000s. After rising to highs of $1920.70 and $49.82 in 2011, both precious metals pulled back to lows of $1046.20 and $13.635 in December 2015. Gold and silver have been consolidating since reaching those lows. In June 2019, gold broke ou...
Let's make one thing perfectly clear: there are no fundamental reasons for believing the bull market launched by gold over a year ago is in any imminent danger of dying. There are, however, reasons for expecting that rallies in the gold price in the coming weeks will face headwinds, which may ...
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A look at the top 10 most actives in the United States Crown Electrokinetics Corp. (CRKN) rose 37.1% to $0.2344 on volume of 300,511,226 shares Faraday Future Intelligent Electric Inc. (FFIE) rose 78.2% to $1.835 on volume of 218,102,513 shares Greenwave Technology Solutions Inc. (GWAV) r...
2024-05-07 16:18:00 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...
2024-03-28 07:42:00 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...