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Metals News and Commentary

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Mon, Jun 10th, 2024
Dollar Strengthens on Higher T-note Yields and Euro Weakness

The dollar index (DXY00 ) Monday rose by +0.24% and posted a 3-1/2 week high. The dollar moved higher Monday on carryover support from last Friday’s stronger-than-expected US May payroll report, which...

DXY00 : 105.131 (-0.02%)
^EURUSD : 1.07676 (+0.02%)
^USDJPY : 157.210 (+0.11%)
GCQ24 : 2,324.5 (-0.11%)
SIN24 : 29.570 (-1.02%)
Gold Is So Misunderstood

Too many rely upon fallacies as to what drives the gold market. It is not inflation, deflation, the equity market, the dollar, etc. which drives gold. Market sentiment allows us to prognosticate gold's...

Clear Analogies for Gold, Silver, and Miners

What a (-n absolutely unsurprising) big slide in gold!

Dollar Gains on Higher T-note Yields and Euro Weakness

The dollar index (DXY00 ) today is up by +0.41% at a 3-1/2 week high. The dollar is moving higher today on carryover support from last Friday’s stronger-than-expected US May payroll report, which curbed...

DXY00 : 105.131 (-0.02%)
^EURUSD : 1.07676 (+0.02%)
^USDJPY : 157.210 (+0.11%)
GCQ24 : 2,324.5 (-0.11%)
SIN24 : 29.570 (-1.02%)
Analysts Take Sides on This Small-Cap Uranium Stock

The uranium and rare earth sectors have been generating significant interest in 2024, with analysts taking contrasting stances on small-cap stocks like Energy Fuels.

UXM24 : 83.30s (-3.53%)
UUUU : 6.10 (+2.69%)
Should You Buy the Dip in This Silver Stock?

Fortuna Silver Mines is a silver mining stock that has delivered outsized returns to shareholders in 2024, and continues to trade at a compelling valuation.

SIN24 : 29.570 (-1.02%)
GCQ24 : 2,324.5 (-0.11%)
FSM : 5.07 (+2.01%)
European Commodities: Why the Pullback in Nickel Prices Might Be Short-Lived

Cooling tensions in New Caledonia have nickel prices dropping, but the weakness could be short-lived as funds eye an optimal entry point in the critical metal.

P8Y00 : 17,891.00s (-0.78%)
CAU24 : 7,261s (-0.89%)
P4Y00 : 2,572.00s (-0.23%)
MLU24 : 239.00s (-1.95%)
Q3Y00 : 2,788.63s (+3.13%)
XRQ24 : 468.75s (+0.81%)
Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede

The dollar index (DXY00 ) Friday rose by +0.75% and posted a 1-week high. The dollar jumped Friday on the stronger-than-expected US May payroll report, which reduced expectations for Fed rate cuts. May...

DXY00 : 105.131 (-0.02%)
^EURUSD : 1.07676 (+0.02%)
^USDJPY : 157.210 (+0.11%)
GCQ24 : 2,324.5 (-0.11%)
SIN24 : 29.570 (-1.02%)
Copper: Is the Correction the End of the Rally?

Nearby copper futures rose to nearly $5.20 per pound on May 20, a new record high. The red nonferrous metal ran out of upside steam, declining below the $4.80 level, leaving many market participants wondering...

HGN24 : 4.5390 (-0.10%)
P0Y00 : 9,899.00s (+1.40%)
CPER : 27.98 (+2.01%)
DBB : 20.20 (+1.66%)
Stocks Recover as a Solid Jobs Report Boosts Economic Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.21%. Stock indexes today recovered from...

$SPX : 5,360.79 (+0.26%)
SPY : 535.66 (+0.31%)
$DOWI : 38,868.04 (+0.18%)
DIA : 389.29 (+0.21%)
$IUXX : 19,074.67 (+0.39%)
QQQ : 464.83 (+0.40%)
ZNU24 : 109-075 (+0.13%)
APD : 282.31 (+0.99%)
MMM : 100.66 (-0.20%)
EMR : 108.73 (+0.69%)
HPE : 20.59 (+2.80%)
BRZE : 36.72 (+0.19%)

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Barchart Metals News

Dollar Strengthens on Higher T-note Yields and Euro Weakness
The dollar index (DXY00 ) Monday rose by +0.24% and posted a 3-1/2 week high. The dollar moved higher Monday on carryover support from last Friday’s stronger-than-expected US May payroll report, which curbed expectations for Fed rate cuts. Also, higher T-note yields on Monday strengthened the dollar’s interest rate differentials.... Read more

Chart of the Day

Camtek Ltd (CAMT)

Author's Note: Camtek (CAMT) was last featured in Chart of the Day on January 19th when it closed at $76.35. Friday it made another All Time High and closed at $109.42 - a 43.31% gain. The Chart of the Day belongs to the technology company Camtek (CAMT) . I found...
Read More

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