Category | Gold
Category | Gold
Buy the Dips
Stocks finished the day after Thanksgiving moderately lower. Gold, on the other hand, finished the day with strength, up nearly $9 per ounce on the session. Of course, lower stocks and higher gold could be due to a wide variety of reasons. The day could, however, be indicative of trends to come. The day’s upside in gold puts a little distance between the market and chart support in the $1450 area. Another dip towards $1450 could, however, see further buying interest and perhaps even a... Continue Reading
Category | Market Update
The Market Could Have Further to Fall Before Finding a Bottom
The gold market s lower again today as some surprising economic data has caught the markets off-guard. In recent trade, spot gold was down nearly $7 per ounce at $1454.60 for the day. The market has continued to hold above support in the $1450 area, but another test of this area could potentially lead to a fresh leg lower in value. The market could even look to test the $1400 region before finding more willing, long-term buying interest. And that is just fine… The market... Continue Reading
Category | Market Update
The Week Ahead
The gold market is off to a slow start this week as stocks and risk assets see a heavier bid as the new trading week gets going. Although the news and headlines may sound a bit rosier today, for the most part the news simply appears to be more of the same that has driven equity markets for several months now. Over the weekend, China released a document that in part discussed the importance of intellectual property rights. The report also noted that those rights... Continue Reading
Category | Economic and Geopolitical News
Heard This Before
U.S. stocks are moderately higher in early Monday action to kick off the new trading week. Positive trade developments have been tagged as the primary catalyst for stronger equity markets this morning. Over the weekend, China reportedly released a document that discussed one of the major sticking points of trade talks-intellectual property rights-and called for more protection of those rights. In addition to that, comments from U.S. national security adviser Robert O’Brien also may be playing played a role. O’Brien reportedly stated that a phase... Continue Reading
Category | Economic and Geopolitical News
Trade Talks Maybe Not Going So Well?
Wall St. has seen major stock indexes make fresh all-tine highs recently. Stocks have pulled back a bit in recent trade, however, and are lower again today. The primary reason for the lack of upside follow through could be a lack of progress in U.S./China trade negotiations. Recent headlines on trade have taken a slightly more mixed tone, while ongoing unrest in Hong Kong could also potentially upset things further The U.S. House of Representatives on Wednesday passed two bills that may have upset Beijing.... Continue Reading
Category | Economic and Geopolitical News
Has Gold Found a Bottom?
It’s no secret that the gold market has struggled for several weeks now. Following a convincing upside breakout in price that took the market to over the $1500 level, the gold bulls have not seen the type of follow through that they are looking for. In fact, prices have been on the decline since finding a top with seemingly little to stop the recent descent. The gold market has possibly now found a bottom. Although it is too early to tell; recent price action could... Continue Reading
Category | Market Update
Markets May be Tied Too Close to the Fed
The Federal Reserve has signaled that it may be done cutting rates, for now at least. Of course, the central bank could change its mind, and quickly, if the economic data stream shows further deterioration or if a U.S./China trade deal appears to be a no-go. Thus far, the Fed appears to be trying to maintain its patience, and the central bank could also see good things ahead for the U.S. economy. The markets may be tied too close to the fed. Another matter could... Continue Reading
Category | Market Update