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The technical base pattern in silver is looking stronger
The 4-hour chart below shows that silver is recovering from a long-term downtrend. The price dropped from 1st June ($28.71/oz) down to $22.29/oz. Since that point, the price has made 3 higher lows and broke through the $23 and $24/oz psychological zones. Read More
Gold, silver, and platinum await Friday's Jobs Number
As the summer winds down and we approach the Labor Day Holiday, gold, silver, and platinum are very quiet. This is the standard for late-August, early-September trade. The only news item that can change this is Friday’s Jobs Report. No matter the number, we don’t have much expectation of any major change until mid-September. Read More
Billionaire investors John Paulson and Mark Mobius think you should own some gold
The gold market continues to struggle to attract bullish momentum as prices hover above $1,800; however, the precious metal still has significant support from significant billionaire investors.
This week John Paulson, president and portfolio manager at Paulson & Co, and Mark Mobius, founder of Mobius Capital Partners, both made headlines for bullish calls on the precious metal. Read More
This week, Andrew Maguire explores the unique conditions that have seen refiners buying back COMEX physical silver for the first time in the history of the Futures market.
With his usual surgical analysis of the markets, the precious metals expert timelines the events that have helped form the perfect base for gold and silver to rally.
The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.
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Gold is in a discounted bull market - Bloomberg Intelligence
The gold market still has a path to $2,000 in the second half of the year as the precious metal is undervalued in a world awash with liquidity, according to the latest research from Bloomberg Intelligence (BI).
In a report published Wednesday, Mike McGlone, senior commodity strategist at BI, said that within the metals complex, gold appears to have the most potential when compared to other assets like copper and aluminum. Read More
Gold, silver pressured by upbeat trader/investor attitudes
Gold and silver prices are lower in midday U.S. trading Thursday. Little risk aversion in the marketplace at present is a negative for the safe-haven metals. Traders could also be evening up or getting out of futures positions ahead of Friday morning's U.S. employment situation report from the Labor Department, which could cause some higher volatility in markets. The August nonfarm payrolls component of the jobs report is expected to see growth of 720,000 workers compared to a rise of 943,000 non-farm jobs in July. October gold futures were last down $5.00 at $1,808.80. December Comex silver was last down $0.331 at $23.89 an ounce. Read More
What is the Fed’s real intent? This is the key takeaway from Jackson Hole
The Federal Reserve was really more dovish than hawkish, said Gary Wagner, editor of TheGoldForecast.com.
Speaking to David Lin, anchor for Kitco News, Wagner said that the key takeaway from the Jackson Hole Symposium is that the Fed has not explicitly announced by how much they plan to taper. Read More
Why is China dumping copper and flooding the metals market? Gianni Kovacevic
Gianni Kovacevic, CEO of CopperBank discussed with David Lin, anchor of Kitco News, China’s goals and what the downside target of copper may be, as well as the long-term upside potential. Read More
Gold and silver move higher heading into the European open
Gold and silver have moved higher leading into non-farm payroll Friday. The yellow metal is 0.22% higher trading at $1813/oz while silver is 0.29% in the black. In the rest of the commodities complex, copper (0.33%) and spot WTI (0.23%) have both moved higher. Read More
Don't count on stellar jobs report this month, says Todd Horwitz
Stimulus checks are keeping the economy from adding new jobs, and there's no end in sight, said Todd "Bubba" Horwitz of BubbaTrading.com. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
