It is essential for precious metals investors to follow the valuation of the U.S. dollar versus other foreign currencies because as a general principle. This principle is the world’s reserve currency still to this day when the dollar sees periods of rapid decline investors tend to seek safety. Some of […]
Gold and silver have recovered moderately over the past two weeks. They remain within the confines of the ongoing consolidations we have been monitoring over the last several months. The gold to silver ratio is beneficial to focus on at this time. For the week, gold rose 2.2% or $27 […]
Market Review: Gold Price increased to $1,252.90 (+0.60%) per ounce, Silver Price $16.54 (+0.78%), Platinum Price $943.55 (+0.97%), Palladium Price $853.95 (+0.44%), Dow Jones index 21,532.92 (0.36% decrease). U.S. Dollar vs Precious metals US Dollar Index was trading lower on Friday morning. The index came heavily down by the European Central […]
Last week we noted that silver had broken its year-long support zone. Silver was between $15.75 – $16.15 during the prior week’s flash crash. What does this apparent breakdown mean for gold? Let us update the technical perspective in a market review for gold for the short and intermediate timeframes: […]
Silver saw a “flash crash” on Thursday night EST / Friday morning in Asia, falling momentarily by at least $1.50 before recovering somewhat during the day. The actual low print is up to some debate. This will depend on which exchange and contract one refers to the low bid for […]
