Silver plunged on Tuesday, just as it was likely to after the triple reversal that we’ve been writing about , and it was declining strongly during Wednesday’s pre-market trading. And then it all changed. Silver soared before the U.S. markets op...
Przemyslaw Radomski, CFA
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November 7, 2019
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As the markets grapple with the coronavirus story, the stock market is no exception. Jittery and volatile trading is what we’ve seen on Friday, January 24 already. In the heat of the moment, it’s easy to sell first and ask questions later. But t...
Monica Kingsley
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February 4, 2020
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Last week was another strong one for the precious metals sector. Gold gained a whopping $51/oz or 3.5%. The gold stocks (GDX, GDXJ) advanced by roughly 6%. Silver gained 4%. Momentum in the sector began to build once Gold surpassed resistance at $1420-$1425/oz. We had ...
Jordan Roy-Byrne, CMT
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August 14, 2019
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Last week we wrote that near-term risk in precious metals (Gold and GDX especially) was rising and a correction could begin soon. As Gold nearly reached major resistance at $1550/oz, the miners already began to correct. That negative divergence is an ominous signal for the...
Jordan Roy-Byrne, CMT
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August 21, 2019
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The gold futures contract gained 0.42% on Friday, as it broke above the Tuesday’s local high of $1,568.80. The yellow metal was gaining as investors were fleeing the stock market following China virus fears, among other factors. On Wednesday gold has bounced ...
The gold futures contract lost 0.08% on Friday, as it fluctuated following the Thursday’s post- FOMC Statement release advance of 1.20%. The market went sideways despite the intensifying China virus crisis on Friday. However, it reached the new local high of...
Paul Rejczak
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February 3, 2020
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The gold futures contract lost 1.70% on Tuesday, as it retraced most of the recent weeks’ advances in just one day of trading. The market has reached a local high of $1,598.50 on Monday and yesterday it fell to a daily low of $1,552.80. The sentiment towards ...
Paul Rejczak
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February 7, 2020
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A few weeks ago we wrote that precious metals were at risk of a correction. First, they powered higher. But last week they ran into technical resistance levels that date back well beyond only a few years. This is true for Gold, Silver as well as the miner ETFs: GDX and...
Jordan Roy-Byrne, CMT
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September 3, 2019
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The gold futures lost 0.35% on Monday, after extending its short-term uptrend at the beginning of an overnight trading session. The market has reached new local high of $1,598.50. But then it bounced off the $1,600-1,615 resistance level , marked by January 8 medium-term hi...
Paul Rejczak
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February 4, 2020
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The gold futures contract gained 1.08% on Tuesday, as it extended its medium-term uptrend following breaking above last week’s Wednesday’s local high. The market has reached new long-term high of $1,804.0 yesterday. The recent economic data re...
Paul Rejczak
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July 2, 2020
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