- The Trend Trader For Futures Trading on Wednesday, January 16, 2019
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...
- FX Rundown - Blue Line Futures
Goes out to brokerage clients everyday after the close.
- Midday Market Minute
What are we watching today.
- Has the Gold Bull Run Already Started?
Every day seemingly brings an article by an analyst asking if the next gold bull run has already started, or is about to. Your friendly Gold Enthusiast believes...
- Today's Playbook - Blue Line Morning Express
Covering ES, Crude and Gold. Out to brokerage clients early every morning with actionable trading ideas.
- Gold Is Telling Us That Market Volatility Is Not Going Away Soon
This article was originally published on Nadex.com. Last year was a tale of two markets when it came to gold. In January and April, the price approached...
Futures Market News and Commentary
Feb Comex gold (GCG19) on Tuesday closed down -2.9 (-0.22%) and March silver closed down -0.066 (-0.42%). A rally in the dollar index to a 1-week high Tuesday pushed metals prices lower as did a rally in the S&P 500 to a 1-month high, which curbed safe-haven demand for precious metals. Concern about weaker demand for industrial metals also weighed on silver prices due to negative carry-over from Monday's weaker-than-expected China Dec exports and imports and after Tuesday's U.S. Jan Empire manufacturing index fell by -7.6 points to a 1-1/2 year low of 3.9. Losses in gold were limited after the U.S. Dec core PPI unexpectedly declined -0.1% m/m, weaker than expectations of +0.2% m/m and the first monthly decline in a year, which bolsters the outlook for the Fed to refrain from raising interest rates. Feb gold is trading just below its 7-month high from Jan 4 as funds continue to add to their long gold positions. Ongoing stock market volatility has boosted demand for gold as a store of wealth after long gold positions in ETFs rose to a 7-3/4 month high Monday. In addition, technical buying may support gold prices as the 50-day moving average has crossed above the 200-day moving average, which is known as a golden cross. Another bearish factor for silver is ongoing fund liquidation of silver positions after long silver positions in ETFs sank to a 2-1/2 year low Monday.