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2023-06-08 02:00:00 ET Summary We're not quite through the first half of 2023, but just for fun, let's take a stab at what we might expect to occur in the second half, at least as it pertains to gold and silver prices. The central premise of this year's "macrocast" is that the yea...
2023-06-07 15:33:18 ET Gold futures sank to their lowest in two-and-a-half months on Wednesday, as U.S. Treasury yields settled at their highest levels of the month and signaling rate hiking cycles likely are not ready to end. The Bank of Canada's surprise decision to raise interest rat...
2023-06-07 02:45:00 ET Summary Expectations the Federal Reserve is at the end of its tightening campaign have prompted a move lower in the dollar and real, or inflation-adjusted, rates. Falling real rates and a weaker dollar provide a supportive backdrop for gold. Gold has ten...
2023-06-06 00:08:00 ET Summary Managed Money net long positioning in gold dropped below 100k contracts, driving the price below $2000 an ounce. Despite recent price drops, gold and silver markets have not reached overbought situations, suggesting potential for future rallies. ...
2023-06-05 12:37:20 ET Summary Gold prices face a deteriorating outlook as short-term borrowing costs increase, keeping inflation expectations subdued and real bond yields elevated. Interest rate markets expect significant rate cuts over the next year, but strong job reports and r...
2023-06-04 06:09:52 ET Summary The closely tracked measure of inflation in the United States increased in April, signaling that inflationary pressures in the economy remain high. Despite rising prices, consumer spending experienced a rebound, with a 0.8% increase from March to Apr...
2023-06-03 01:40:00 ET Summary As expected, gold has turned in a fairly strong start to the month. It’s below April but is still early in the contract. Looking ahead to July shows gold slightly ahead of the average for the same time of the month. With the roll in the cu...
2023-06-02 17:45:55 ET Gold eked out its first weekly gain after three consecutive declines, as hotter than expected U.S. jobs data lifted Treasury yields and a higher unemployment rate sparked renewed hopes the Federal Reserve would pause its path of interest rate hikes. Riskier a...
2023-06-02 01:00:00 ET Summary Gold's bottom could be in, or it may experience a wave B bounce followed by a lower wave C; both scenarios ultimately lead to higher prices. Silver and GDX have similar scenarios, with the potential for positively divergent lower lows or a wave B bou...
2023-05-31 01:15:00 ET Summary The higher the interest rates go, the sharper the eventual economic slowdown is likely to be. Economic uncertainty and high inflation are precisely why gold prices are at or near record. The near-term outlook remains murky as prices remain inside...
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2024-04-21 21:34:00 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...
2024-03-12 21:44:00 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...
2024-03-05 09:45:02 ET SSgA SPDR Gold Shares (GLD) GLD is trading UP for the last 5 days, and it at trading at $197.37 with volume of 3,685,303 and a one day change of $1.36 (0.69%). SSgA SPDR Gold Shares has a 52-week low of 168.30 and a 52-week high of $196.33. The business's 50-d...