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Metals News and Commentary

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Fri, May 17th, 2024
Dollar Ends Higher and Gold Falls on Hawkish Fed Comments

The dollar index (DXY00 ) on Thursday recovered from an early 5-week low and finished up +0.12%. The dollar found support Thursday from higher T-note yields. Also, comments from Cleveland Fed President...

DXY00 : 104.560 (+0.09%)
^EURUSD : 1.08647 (-0.02%)
^USDJPY : 155.742 (+0.23%)
GCM24 : 2,388.2 (+0.11%)
SIN24 : 29.915 (+0.13%)
Why Interest Rates Aren’t Stopping Gold

The demand for gold continues to rise as uncertainty around interest rates and geopolitical stability have more traders turning to safe haven assets. CME Group Micro Gold and Micro Silver futures contracts...

Stock Indexes Pull Back From This Morning's Record Highs

The S&P 500 Index ($SPX ) (SPY ) is down -0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.09%. US stock indexes are moderately...

$SPX : 5,297.10 (-0.21%)
SPY : 528.69 (-0.21%)
$DOWI : 39,869.38 (-0.10%)
DIA : 399.21 (-0.02%)
$IUXX : 18,557.96 (-0.21%)
QQQ : 451.98 (-0.20%)
ZNM24 : 109-155 (unch)
WMT : 64.01 (+6.99%)
TGT : 160.65 (+1.99%)
DLTR : 121.30 (+2.10%)
COST : 793.07 (+0.77%)
DG : 146.59 (+3.92%)
The Commodities Super Cycle is Underway!

Overnight precious metals are higher after yesterday’s explosive rally.

Dollar Firms on Higher US T-Note Yields

The dollar index (DXY00 ) dollar today recovered from an early 5-week low and is up +0.25%. The dollar is seeing support from a rebound in T-note yields. Today’s US economic reports were mixed for...

DXY00 : 104.560 (+0.09%)
^EURUSD : 1.08647 (-0.02%)
^USDJPY : 155.742 (+0.23%)
GCM24 : 2,388.2 (+0.11%)
SIN24 : 29.915 (+0.13%)
Are Stocks and Metals Breaking Out?

E-mini S&P and E-mini NQ futures closed at record highs, Silver touch $30, are these breakouts for real?

1 Top-Rated Penny Stock to Bet on Higher Silver Prices

Vizsla Silver is a mining stock that has surged over 400% since its IPO in 2019. Is the silver mining stock a good buy right now?

SIN24 : 29.915 (+0.13%)
GCM24 : 2,388.2 (+0.11%)
HGN24 : 4.9590 (+1.68%)
VZLA : 1.6500 (+3.12%)
AG : 7.43 (-0.35%)
Dollar Falls and Gold Rallies on Dovish US Economic Reports

The dollar index (DXY00 ) on Wednesday fell by -0.64% and posted a 5-week low. Wednesday’s US economic reports were dovish for the Fed and weighed on the dollar. Also, Wednesday’s rally in the S&P...

DXY00 : 104.560 (+0.09%)
^EURUSD : 1.08647 (-0.02%)
^USDJPY : 155.742 (+0.23%)
GCM24 : 2,388.2 (+0.11%)
SIN24 : 29.915 (+0.13%)
Dollar Slumps and Gold Rallies on Fed Rate Cut Hopes

The dollar index (DXY00 ) today is down by -0.26% and dropped to a 5-week low. Today’s US economic reports were dovish for the Fed and weighed on the dollar. Today’s rally in the S&P 500 to a record...

DXY00 : 104.560 (+0.09%)
^EURUSD : 1.08647 (-0.02%)
^USDJPY : 155.742 (+0.23%)
GCM24 : 2,388.2 (+0.11%)
SIN24 : 29.915 (+0.13%)
What's Driving Gold and Copper?

A huge week for Gold, Silver and Copper. Here are several factors supporting this week's rally.

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Stanley Druckenmiller loaded up on Small Caps in the first quarter by buying 31,579 $IWM call options for a total stock notional value of approximately $664 million according to CNBC. (This appears to be assuming 100 Delta Calls but strike and expiry are unknown). https://t.co/jHaceaWXjz

Barchart Metals News

Dollar Ends Higher and Gold Falls on Hawkish Fed Comments
The dollar index (DXY00 ) on Thursday recovered from an early 5-week low and finished up +0.12%. The dollar found support Thursday from higher T-note yields. Also, comments from Cleveland Fed President Mester and Richmond Fed President Barkin, who said interest rates should stay higher for longer, were bullish for... Read more

Chart of the Day

The Chart of the Day belongs to financial service company The Goldman Sachs Group (GS). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the...
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