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Summary Gold held on to its November gains, bouncing around the $1,800 per ounce level during December. Higher interest rates create extraordinary systemic risks as monetary conditions continue to normalize. A shift in gold’s investment outlook can be seen in bullion ETF flow...
Summary Precious metals did well compared to other assets in 2022, but not as well as many goldbugs expected given the highest price inflation in decades. The anemic price action was another indication of artificial forces in the markets and broken price discovery. The dollar peaked...
Summary Avoiding growth last year paid enormous dividends, but I didn’t predict that growth stocks would fall in 2022, just that I couldn’t own them and fulfill our fiduciary duty. Near-term stock market performance is negatively correlated with economic growth. Commod...
Summary At the close of 2022, Comex gold prices were down just $2.50. Yes, you read that right. On the year, gold was down $2.50 or about 0.13%. The late 2022 rally that drove gold and silver back into the green on the year is very likely the result of a "market" that did finally learn ...
Summary Momentum was falling as the price continued higher on an intraday basis. Silver enjoyed a near-perfect inverse relationship to the DXY. Silver and Gold have a lot of bullish sentiment to work off but they can do that sideways to down for a while. By David Brady ...
Summary Gold is also exhibiting a ‘Bear Flag’ pattern. This increases the probability that the next big move is down. At the same time, momentum, which typically leads price, is heading south across all indicators, making the recent higher highs in Gold negatively divergen...
Summary Precious metals markets are finishing out a choppy 2022 on an up note. A strong fourth quarter is pushing both gold and silver prices back up into positive territory for the year. Gold often performs well during recessions. It can certainly be expected to hold up better than eco...
Summary The major months in Platinum are January, April, July, and October. During major months, Platinum behaves a lot like silver and gold with lots of open interest that dives as first position approaches. Delivery volume had to drop because there were only about 75k ounces in Regist...
Summary Saxo Bank has come up with some unusual forecasts for 2023. In fact, the bank calls these predictions "outrageous ideas". The bank predicts the gold prices could total $3000 per ounce. There is plenty of guesswork to be done. So, I do not know for sure how much gold will cos...
Summary Silver finally took out $22 and has been moving up rather quickly. It is leading gold high which is a good sign for both metals. The one thing that will hold back a truly explosive move in gold will be the CFTC raising margin rates to contain the price. The gold miners have ...
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2024-06-22 08:24:00 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 09:34:00 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...
2024-05-31 17:22:00 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...