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As silver makes an upside breakout on good volume above $30, initially confirmed by several closes above that price, the number of investors will immediately begin to shrink. My back-of-the napkin guess is that less than 20% of those with positions in that market took even close to 50...
The Ukraine invasion and surging inflation were key factors driving both the gold price and demand. Gold ETFs had their strongest quarterly inflows since Q3 2020, fuelled by safe-haven demand. Tough new lockdowns imposed to contain a resurgence of COVID-19 had a marked impact on d...
The S&P 500 Materials sector closed this trading week in red, down 3.83%. The Materials Select Sector SPDR (XLB) also registered a 3.66% dip. Most industrial metals stumbled on Friday amid concerns that Chinese COVID lockdowns and rapid monetary tightening will suppress met...
Real yields and Gold are inversely correlated. Real yield and gold rose together, which is atypical but not extraordinary in the short term. Financial markets are reaching extremes that could precipitate a systemic collapse or another reversal by the Fed to more stimulus. Fo...
YTD, the S&P 500 Index (SPX) has fallen 5.5% as of April 8, 2022, while gold prices have risen 6.5%. Gold mining equities - as measured by the S-Network MicroSectors Gold Miners Index (MINERS) - rose an even higher 21.7% YTD. The gold mining industry is leveraged to gold prices, s...
The war in Ukraine and associated sanctions against Russia increased gold’s appeal as both a safe haven and an inflation hedge. Most gold equities performed well during the month. Gold has established a new, positive trend, and is now consolidating its gains above the $1,90...
Mining majors are finally getting serious on workplace culture and D&I - creating an opportunity for investors to drive change. Deeply problematic workplace culture issues in the mining industry received full media and investor attention in February when Rio Tinto unveiled the sho...
The S&P Materials sector and the Materials Select Sector SPDR (NYSEARCA:XLB) concluded the trading week with a slight dip of -0.7%. Copper and aluminum prices rebounded on Friday following two days of declines, helped by tight supply, firmer oil prices and hopes of more Chinese stimu...
Gold’s rally over the past 12 months failed to break through its $2080 price level. After retreating back to $200, gold seems to have found support at the $1900 level. GLD now appears to have broken out of its accumulation phase and seems to be preparing to trade above the $194...
The GDX gold mining ETF has risen by 35% since its January low, versus gold's 11% rise. Over the past month, the GDX has even risen despite weakness in gold. In the near term, the strong technical pattern on the GDX suggests that further gains are likely. The GDX should also be ex...
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2024-07-24 06:38:00 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...
2024-02-12 08:26:00 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...
2023-12-24 12:10:00 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...