Metals Futures Prices
- US COVID-19 Death Toll Higher Than China's Now. Will Gold Rally?
This week, the US scored a sad record. The number of deaths related to the coronavirus in the US surpassed the death toll in China. What does it imply...
- The Trend Trader For Futures Trading on Thursday, April 2, 2020
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market...
- Russell 2000 Stock Index Future 4 2 2020
I follow many trading products using the same mathematical formulas for intraday, daily and weekly trends.
- Daily Technical Spotlight - June Gold
Bulls have technical advantage amid choppy trading. Bulls need to step up and show more power to keep their chart advantage.
- Trading the Noise - Blue Line Futures
A Newsletter with actionable ideas, ES, NQ, Crude, Gold and more
- Gold, Silver and Miners Could Bottom Next Week!
Its 2008 all over again, only much worse. And just like back then, PMs are likely to slide very fast, very far and then recover in a big way. A lot of...
Futures Market News and Commentary
Jun Comex gold (GCM20) this morning is up +38.9 (+2.44%), and May silver (SIK20) is up +0.716 (+5.12%).
Precious metals prices this morning are sharply higher on economic concerns and expectations for continued global central bank stimulus measures. A rally in the dollar index today to a 1-week high is a negative factor for metals prices.
Today's weak U.S. economic news was bullish for gold but bearish for industrial metals prices. Today's U.S. data showed weekly initial unemployment claims surged by +3.341 million to a record 6.648 million, showing a much weaker labor market than expectations of 3.763 million. Also, Feb factory orders were unchanged m/m, slightly weaker than expectations of +0.2%. In addition, Feb capital goods new orders nondefense ex-aircraft were revised slightly lower to -0.9% from the originally reported -0.8%, the biggest decline in 10 months.
The German Economy Ministry said today that it sees German 2020 GDP contracting by more than 5%,... Read more