Metals Futures Prices
- Silver (SI) Daily MACD Positively Crossing
Silver (SI) surged over 2% yesterday, and is trying to form its 5th straight green daily candle in today's Asia morning. Significantly, SI decisively...
- The Trend Trader For Futures Trading on Wednesday, February 19, 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...
- Trump and Economic News That Drive Gold, Not Just Coronavirus
Coronavirus, the topic du jour. It is still the major threat for the global health and economy. But we should not forget about other geopolitical and economic...
- Silver's Valuable Insights Into The Upcoming PMs Rally
The analysis of the precious metals market isnt just gold analysis there are times when silver rises to the forefront of everyones attention. And we...
- Here Is My Silver Recommendation
- Market Insights - Macro Rundown for Feb 18th
Actionable Levels and Side notes on USD, Gold, Oil, etc
Futures Market News and Commentary
Apr Comex gold (GCJ20) on Tuesday closed up +17.2 (+1.08%), and Mar silver (SIH20) closed up +0.416 (+2.35%).
Precious metals rallied Tuesday with Apr gold at a 5-week high and Mar silver at a 3-week high on concern the negative effects on the global economy from the China coronavirus will force the world's central banks to boost stimulus measures. The outbreak now shows 73,424 confirmed cases of the coronavirus and 1,873 deaths.
U.S. stock indexes fell back Tuesday and boosted the safe-haven demand for precious metals. Weakness in technology stocks led the overall market lower after Apple fell -1.74% on its announcement that fallout from the China coronavirus would cause it to miss its sales targets this quarter.
European economic data on Tuesday was bullish for gold, but negative for silver, after Eurozone Jan new car registrations fell -7.5% y/y to 951,000, the biggest decline in 5 months. Also, the German Feb ZEW survey expectations of economic growth index... Read more