We have seen weakness in the gold price over the past two weeks. If gold fails to break higher from its ongoing consolidation over the next 3-6 months, a significant culprit will sell amongst broad-based commodity funds. Below we zoom in on a detail of the CRB Index (Commodities). Gold […]
The Federal Reserve increased short-term interest rates on Wednesday by 0.25%. This is the fourth fed rate hike of the current cycle which began in December 2015. Short-term rates now stand at 1.00% – 1.25%. That is generally low levels, yet now a full point higher than they were 18-months […]
Gold Price decreased to $1,249.60 (-0.54%) per ounce, Silver Price $16.66 (-0.35%), Platinum Price $925.60 (-0.60%), Palladium Price $870.85 (-1.04%), Dow Jones index 21,462.91 (0.37% increase). Here is a new week ahead. Investors might get a break from the staggering news cycle that has dominated in June. There’s only […]
Gold Price decreased to $1,259.30 (-0.49%) per ounce, Silver Price $16.74 (-1.15%), Platinum Price $928.00 (-1.38%), Palladium Price $859.00 (-1.72%), Dow Jones index 21,235.67(0.17 % decrease) U.S. Dollar vs Precious metals The U.S. Dollar Index is slightly weaker. Meanwhile gold and silver see a fifth-straight decline this Tuesday. Investors are […]
The failed breakout and reversal back below the long-term declining trendline at $1,280 for gold this past week is a negative development for the entire precious metals complex. From a technical standpoint, it is exactly what we did not want to see as far as a market-ready for a major […]
