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By David Brady, CFA While it seems that nothing much has happened in the past week or two, metals and miners have stopped falling after a tremendous rally. Such consolidation bodes well going forward, as does increasingly desperate actions on the part of the Fed and other central banks. We...
Gold is money. The yellow metal has been around as a means of exchange long before there were dollars, euros, yen, pounds, yuan, or any of the other currencies of the world today. The role of gold as an instrument of exchange precedes the Bible. If you have never held a pure gold bar or one-...
Passions and opinions in the silver market always run high. Some market participants believe there is a cabal of institutions and governments that hold the price of the metal down. Recently, a handful of traders received government RICO indictments for spoofing or manipulating the price of sil...
Gold broke out above its critical level of technical resistance in June. The price of the yellow metal rose above the July 2016 high at $1377.50 and has not returned to that price. Gold moved to the upside in what was almost a perfect bullish storm for the precious metal. Falling interest rate...
The gold miners are likely to report blowout profits in this spinning-up Q3'19 earnings season. Higher production, stable costs, and much-higher gold prices should combine for some super-impressive results. That's going to leave the still-undervalued gold miners much more attractive fundamenta...
Gold investment demand was strong in the months following gold's decisive breakout to new bull-market highs in late June. The metal's upside momentum fueled big capital inflows, accelerating its gains. But soon after gold's upleg stalled, so did the investment buying. With stock markets still ...
After the early September high, the gold market stopped dead in its tracks. Over the recent weeks, the yellow metal has been hugging the $1500 per ounce level, which is still over $100 above the critical technical support at $1377.50 per ounce. Gold rose to its highest price since 2013 as a ...
Gold is a commodity and a currency. The yellow metal has a myriad of industrial applications. At the same time, it has a long history as money. Central banks around the world hold gold as part of their foreign currency reserves. At the turn of this century, central banks were net sellers of ...
The silver futures market moves higher or lower on sentiment. Silver has a long history as one of the most speculative markets. Its price variance tends to be higher than the other precious metals that trade on the world's futures exchanges. In 1980, the price of silver rose to its all-time ...
Gold futures jump $16/oz. ( GLD +0.4% ), +1.1% to settle at $1,489/oz. after earlier falling to near two-month lows, as a surprise drop in the U.S. ISM manufacturing index to its lowest level since 2009 fueled safe-haven demand. More news on: SPDR Gold Trust ETF, Sibanye Gold Limite...
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2024-07-11 22:32:00 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...
2024-06-12 01:56:00 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...
2024-05-21 11:08:00 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...