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Tag Archives: Gold

Video: Weekly Commodity Forecast – Gold & Crude Oil for February 24–28, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold and crude oil for the week of February 24–28, 2020. He starts the video by discussing the recent surge of gold and also mentioning that hedge funds and money managers increased their net long positions last week. Phil then shows charts of the commodities and speculates whether it is a good idea to remain bullish...

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Zombie Insurance, Or Not

It’s another example of the difficulties in trying to evaluate and analyze non-economic factors. China’s virus outbreak is a nightmare for those unfortunately living through it, and Chinese officials aren’t doing themselves any favors. Trust is a sketchy enough concept. The WHO today says there is no pandemic, which, as Erik Townsend of MacroVoices points out, immediately puts this announcement at odds with the official WHO definition of one. Director-General Dr. Tedros Adhanom Ghebreyesus...

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Gold Eyes $1,700 As Coronavirus Triggers Safe-Haven Demand

Gold futures are surging to open the trading week as the yellow metal eyes $1,700. Investors are seeking shelter from the beating that global financial markets are taking due to renewed fears over the coronavirus. With the virus outbreak extending beyond the borders of China to 25 countries, traders are worried that the global economic recovery will take a hit for the rest of 2020. Could gold top $2,000 this...

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Video: Gold Price at 7 year High! About to Soar More?

In the present video, David Jones from Capital.com discusses gold in the second half of February 2020. He talks about the recent surge of prices, explains reasons for it, and also points out that gold and the US dollar were trading in lockstep lately despite usually moving inversely to each other. David then points out important price levels, shows charts of bullion, discusses various possible stop-loss levels...

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The Rubber Band Snaps Back: Dollar Correction Begun

An exogenous shock disrupts relationships and patterns.  It may be a useful reminder the correlation does not mean 100% co-movement.  The strongest currency in the world last week was the Swiss franc, a safe-haven that rose by almost 0.5%.  The weakest major currency, and third weakest overall, was the Japanese yen, also a leading safe-haven.  The second strongest currency was the Canadian dollar.  Our reading of the charts gave us the most confidence in it.  Its modest 0.35% gain...

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Gold Surges to Seven-Year High as Coronavirus Fears Resurface

Gold futures are trading at their best levels in seven years as the yellow metal is rallying to finish the trading week. With equities posting steep losses, investors are diving into the safe-haven asset and helping gold eye the crucial $1,650 mark. A plummeting US dollar is also lifting the precious metals. April gold futures surged $23.30, or 1.44%, to $1,643.80 per ounce at 16:12 GMT on Friday on the Comex...

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Gone Fishing Newsletter: The Inflation Edition

We are thrilled to present a recent article from Samantha LaDuc, the Founder of LaDucTrading.com and the CIO at LaDuc Capital LLC.  Samantha LaDuc is known for timing major inflection points in equities, commodities, bonds/rates, currencies and volatility. As a Macro-to-Micro strategic technical analyst, educator and trader, she makes her insights available to active traders and investors who want to minimize risk while seizing year-making opportunities.   Spoiler Alert: We have no inflation...

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Video: Gold as of February 18, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold as of February 18, 2020. He discusses the main drivers of the recent rally of gold prices and what factors will be affecting the metal this week. Phil also provides his opinion on whether it is reasonable to remain bullish on gold or a pullback is in order. If you found this video useful and want to see more videos...

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Energy & Metal Markets Trade in Green, Gold Fails to Join Rally

Crude oil, natural gas, and most metals were trading in green during Monday’s quiet trading, though gold posted a small loss. Trading was lighter than usual due to Presidents’ Day holiday in the United States. The market sentiment was cautiously optimistic as investors were hoping that China will be able to find a way to defeat the deadly coronavirus outbreak. According to yesterday’s official data from China,...

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Video: Weekly Commodity Forecast – Gold, Silver, Crude Oil for February 17–21, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold, crude oil, silver, and platinum for the week of February 17–21, 2020. He starts the video by discussing the performance of the commodities last week and reasons for it, also mentioning that hedge funds and money managers build up their long positions for gold. Phil continues then by showing charts...

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