Gold had a good day yesterday, but as it hits the $1,770 resistance line, it will be anything but easy for the yellow metal. The real test has begun.
The recent rally in the bond yields pushed gold prices down, but this trend won’t continue forever, as the Fed will likely be forced to step in.
“Other than my Cincinnati Bengals breaking my heart, few things are more consistent than stocks higher in April.”
After higher US CPI figures this week, investors are moving away from the USD and into metals.
The U.S. CPI inflation rate rose 0.6% in March, following a 0.4% increase in February. It was the biggest monthly jump since August 2012. The move was larger than most analysts expected. However, I’m...
The USDCHF is firming today, trying to hold the March low. Significantly, although the USDCHF is hovering where an upchannel support could form (on the weekly chart), the USDCHF remains vulnerable in...
Gold’s slight rally might be getting some people excited, but appearances can be deceiving. USDX action hints at gold really wanting to move lower.
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The latest FOMC minutes were dovish, especially in light of the recent increase in inflation. That’s good for gold.
Keep your eye on the ball. Just because the GDX ETF went up last week doesn’t mean that it’s in an uptrend. Corrections are part of the game.
Based on Elliott Wave model, we see USDCAD in a recovery mode, with room for more upside if OIL breaks below the support.
Of all the precious metals, MCA believes that Platinum is the pick of the litter.
The uptrend may be expected to continue, while market is trading above support level 1.1833, which will be followed by reaching resistance level 1.2011 and if it keeps on moving up above that level, we...
In keeping with its historical performance, April has started off white-hot. We ended March, and Q1 for that matter, with more questions than answers.
Brace yourselves, inflation is coming! Importantly, not only grumblers such as myself are talking about rising prices right now, but even the Fed officials themselves admitted that inflation will jump...
It’s tempting to say that miners are showing strength compared to gold based on the GDX’s performance, but other mining proxies say otherwise.
The March nonfarm payrolls were surprisingly strong. If the current favorable trend in the U.S. labor market continues, gold may struggle.
EURGBP could have a completed three-wave A)-B)-C) corrective decline, which means that we can now expect a bigger recovery.
The USDCAD is consolidating going into today's European morning, continuing an effort to form a higher April low versus the March low. Significantly, the USDCAD is retesting downchannel resistance (on...