GOLD PRICES rose against a falling US Dollar on Wednesday morning, touching 2-week highs at $1266 per ounce despite an overnight jump in longer-term US interest rates after lawmakers in Washington voted to approve President Trump’s tax plan. Adjusted for market-based inflation forecasts, 10-year US interest rates typically move opposite to the direction of […]
While the US Energy Information Administration and the International Energy Agency scare oil fans with their forecasts for 2018, the “bulls” in the North Sea variety are building up their net long positions to new highs. According to ICE Futures Europe, by the end of the week on December 12, the figure had already reached […]
Overview The Gold price tested 1,263.15 level. The metal still closes below it on a daily basis, accompanied by stochastic which is reaching the overbought areas now. The chances are still valid to resume the bearish bias in the upcoming sessions. We are waiting until the 1,240.85 level is visited. Therefore, the bearish trend will […]
Overview Silver price is set to decline, but is still stable around 16.00 level, while stochastic is reaching the overbought area now. To gain downward momentum, we expect the price to resume the bearish bias in the upcoming period with the main target level of 15.49 which will be tested. Therefore, we still suggest the […]
SPOT GOLD led the other precious metals up towards 2-week highs in London trade Tuesday before slipping back as global equities struggled to extend yesterday’s fresh record highs in the US stock market. The Shanghai and Shenzen stock market closed 1.3% higher at new 2.5-year highs, but Tokyo fell and European equities held flat. […]
Gold price continues to make higher highs in the short-term as yesterday price broke above $1,262 to a marginal new high at $1,264. Short-term trend is bullish and changes only if price breaks below $1,255. Red lines – wedge pattern Gold price is trading above the 4-hour Kumo (cloud). Support is at $1,257. Wedge support […]
TerraX Minerals is a successful junior gold exploration company working in Yellowknife in the Northwest Territories in Canada. The projects have a top infrastructure, are year-round accessible by road and the so far generated exploration results intend a large future gold development. Shareholders like Osisko Gold Royalties have already the foot in the door with […]
GOLD PRICES edged higher against a falling US Dollar on Monday morning in London as world stock markets rose to fresh all-time highs, writes Steffen Grosshauser at BullionVault. Silver tracked gold prices, also dropping against the Euro and British Pound, while platinum jumped. Primarily used in catalysts to clean diesel engine emissions, platinum […]
The US Dollar bears a modest loss against other currencies, partially erasing the Friday’s strengthening, which can be associated with excitement about getting closer to the end of the battle for the tax bill. The stock market is predominantly green as Tokyo Nikkei2225 increased by 1.6% and Chinese Hang Seng increased by 0.9%. On Monday […]
Gold price got rejected at the cloud resistance on Friday but remains above short-term support. Short-term trend is neutral as price is inside the 4-hour Kumo (cloud). Short-term support is at $1,250. Resistance is at $1,266 (upper cloud boundary). I expect Gold price to move lower towards $1,220-$1,200 once we break below $1,250. I currently […]
Overview Gold price continues to move around the EMA50, keeping steadily below the key resistance 1,263.15. Thus, the bearish trend is still suggested for the upcoming period. Supported by stochastic head downwards on the four-hour time frame, the price is waiting to test 1,240.85 level mainly. We remind you that breaking the targeted level will […]
Overview Silver price retreated below 16.00 after the rise in the previous sessions. Stochastic keeps losing the positive momentum clearly on the daily time frame. Amid the downward pressure, we are waiting until the price resumes the bearish bias in the upcoming sessions with a target testing 15.49 level mainly. Therefore, we still suggest the […]
Liberty One Lithium works in Argentina in the Salta Province and starts now with the first four drill holes. In 2018 they want to release a first 43-101 resource estimate. The company has enough capital to fulfill all work commitments in the next 12 months. Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You […]
GOLD BARS rose above 1-week highs against most major currencies in London trade Friday, extending their recovery from this week’s multi-month lows as world stock markets slipped for a second day from new all-time highs. Bond yields eased back as debt prices rose with commodity costs. Popping to $1260 per ounce as the […]
GOLD PRICES rose further in London trade Thursday, gaining $20 per ounce from this week’s 5-month lows after the US Federal Reserve raised its key interest rate as expected. After UK inflation came in at a 6-year high of 3.1%, the Bank of England today voted unanimously to hold its key interest rate at […]
Over the past month, Bitcoin’s price has seen phenomenal increases, which was crowned by the Chicago Board Options Exchange (CBOE), which began trading Bitcoin futures on December 10th. At the same time, the price of gold fell. However, according to Jeffrey Currie, Head of Research for Goldman Sachs, the huge increase in Bitcoin prices did […]
Ascendant and Pasinex surprised positively the markets. Ascendant saw the 3rd month in a row with positive EBITDA and Pasinex showed a nice first resource estimate which gives the company a 3.5-year mine life but of course, they drill further and replace more than they produced. Zinc warehouses in London are at a low and […]
The details of the Fed’s hike were interpreted as dovish and the investors’ reluctance towards the US Dollar was dragged to the Asian part of the session. AUD is rallying after another strong report from the labor market. NZD is losing. The stock market is calm with small drops. Nikkei225 lost 0.3% and Hang Seng […]
The new Lithium Report 2018 was just released by Swiss Resource Capital AG. Lithium is in high demand through the battery demand for e-mobility and mass energy storage. Cobalt saw an all-time high in the price per ton with 62,000 USD and this can go higher, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. […]
Gold price bounced as expected towards $1,260. We are currently being rejected by the Kumo (cloud) and this is what we initially expected. This could be a nice opportunity to sell Gold for a move down to $1,200. Gold price is trading below the 4-hour Kumo (cloud). Trend remains bearish. This bounce was expected and […]
Africa again in the focus with Sibanye-Stillwater taking a 38% stake in DRDGOLD. The Canadian Copper Mountain copper producer acquires all outstanding shares of Altona Mining with a 41% premium and GoldMining closed the acquisition of the Crucero project from Lupaka Gold, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this […]
Overview Gold price has settled at the key support of $1,240.85 after attempting to break it yesterday. Please note that stochastic loses its bullish momentum clearly to approach the overbought areas while the EMA50 keeps pushing the price down. Therefore, these factors encourage us to confirm the outlook for the bearish trend in the upcoming […]
Overview Silver price keeps crawling downward to approach our main target at 15.49. As long as the price is below 16.56, our bearish overview will remain vaild. Let me remind you that breaking 15.49 will enable the price to suffer more losses. The price is likely to reach 13.75 as the next target level. The […]
GOLD PRICES rallied $10 per ounce from yesterday’s fresh 5-month lows against the Dollar in Asian trade Wednesday, only to lose half that bounce in London as traders looked to today’s key US monetary policy decision from the Federal Reserve. With US inflation data due later on Wednesday, just before the US Fed’s widely-expected […]
Gold price remains in a bearish trend but yesterday we observed the bullish divergence in the RSI together with a candlestick reversal pattern. Price has the potential to rise to $1,260 today. Red lines – bearish channel Black lines – bullish divergence Gold price has broken out of the bearish channel and is now back […]
MAG Silver maybe develops the best Silver-Base-Gold mine in the world with only 5 USD costs per ounce silver in the future from 2020 onwards. Klondex is full on track for a successful 2018 and confirmed the production guidance for 2017 with improving results for the recovery rates for the ore from the Hollister mine […]
SPOT GOLD prices failed to hold a 0.4% overnight rally from new 5-month lows in London on Tuesday, slipping back as world stock markets rose again ahead of tomorrow’s key US Fed decision on Dollar interest rates amid worsening tensions in the Middle East. Edging back towards $1241 per ounce today, the price of […]
Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $16,645. Latin America has known far more than its fair share of economic troubles over the years. Whether it’s populist revolutions, military coups or some other calamity, the rich in the region always had to think of how to protect […]
Recently, Gold has been trading downwards. The price tested the level of $1,244. Anyway, according to the 30M time- frame, I found that price is trading inside of a trading range between the price of $1,252.30 (resistance) and the price of $1,244.00 (support). Since the short-term trend is bearish, my advice is to watch for […]
SILVER PRICES failed to follow a small bounce in gold bullion Monday morning in London, holding unchanged versus the US Dollar from New Year 2017 as gold held $100 per ounce higher from January 1st ahead of this week’s long-anticipated US Federal Reserve decision on interest rates. With silver prices slipping towards last week’s […]
