Metals Futures Prices
- The Trend Trader For Futures Trading on Wednesday, January 22, 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...
- Tradable Events - Blue Line Futures
Taking a look at the week ahead. What you need to know.
- Junior Gold Miners Setting Up For Another Rally
We believe the Miners (both Gold and Silver) are setting up for an explosive upside price move over the next 60+ days.
- MARKET UPDATE - GRAINS, SOFTS & METALS
SOMETHING IN COMMON? Several markets seem to be following the same pattern technically. They all .....
- Gold Daily News: Tuesday, January 21
The price of gold has been quite volatile overnight despite Mondays Martin Luther King Jr. Day in the U.S. It broke above the short-term resistance...
- What Do Fresh U.S. Economic Reports Imply for Gold?
Latest economic data were published last week, indicating that the U.S. economy remains on solid footing. Gold prices held up relatively well but...
Futures Market News and Commentary
Feb Comex gold (GCG20) on Tuesday closed down -2.4 (-0.15%), and Mar silver (SIH20) closed down -0.265 (-1.47%).
Precious metals closed lower Tuesday with Mar silver at a 4-week low on slower China gold consumption and on global economic growth concerns that may curb industrial metals demand.
Reduced China gold consumption is negative for gold prices after Tuesday's data from the China Gold Association showed that China 2019 gold consumption fell -12.9% y/y to 1.003 MMT.
Global economic concerns are negative for industrial metals demand and are bearish for silver prices. The growing severity of the outbreak of a new coronavirus in China that has killed 6 people and has been detected in Japan, Thailand and South Korea is negative for industrial metals demand. There is concern the virus may spread further and undercut global growth prospects as hundreds of millions of Chinese prepare to travel across the country and globally for the Lunar New Year holiday that beg... Read more