Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Gold Daily News: Tuesday, January 21

Paul Rejczak , Sunshine Profits
0 Comments| January 21, 2020

{{labelSign}}  Favorites
{{errorMessage}}

The price of gold has been quite volatile overnight despite Monday’s Martin Luther King Jr. Day in the U.S. It broke above the short-term resistance level of $1,560, before reversing downwards and getting back below the recent local lows. It still looks like a consolidation following January 8 run-up above $1,600 mark that ended with a sharp downturn. Last week the market has rebounded off a local low of $1,536.40.

1.jpg

The gold price has been trading close to week-long highs despite the overall short-term risk-on action on the financial markets following last Wednesday’s U.S. and China Phase One trade deal signing. The overnight trading action in gold has reaffirmed the mentioned resistance level. The gold is currently 0.3% lower.

What about the other precious metals? The silver was relatively weaker than gold, as it failed to break above the last week’s Friday’s local high. Right now, it continues to trade along the $18 mark. The price of platinum trades within a range of $1,000-1,020 per ounce and palladium remains close to its new record highs.

Today, the financial markets are focusing on a virus crisis in Asia, Hong Kong’s Moody’s downgrade and the World Economic Forum in Davos.

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too - it's free and if you don't like it, you can unsubscribe with just 2 clicks. If you sign up today, you'll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!


Thank you.
Paul Rejczak
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits' associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Tags:

{{labelSign}}  Favorites
{{errorMessage}}

Comments

No comments yet. Be first to comment!

Leave a Comment

You must be logged in to be able to post a comment.

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today

Featured Company