|Day's Range||16.45 - 16.51|
The gold prices fell from the $1332 level to the $1320 level during the yesterday’s session due to lack of any positive momentum in the overall currency market and also strength in the USD is hurting this market. The silver prices rolled over during the Wednesday’s session from the $16.70 level reaching towards the $16.50 level. Trading with strict stop-loss will be a preferred strategy for this market now.
German engineering giant Robert Bosch’s new diesel exhaust system might be the silver bullet Europe’s car makers have been dreaming about as their sales of diesels plummet. It might also delay the very expensive switch to electric cars
On a per-share basis, the Chicago-based company said it had net income of 1 cent. Earnings, adjusted to account for discontinued operations and non-recurring gains, were less than 1 cent on a per-share ...
Silver markets initially fell during the Tuesday session but found enough support near the $16.55 level to turn around and reach to higher levels. Silver continues to be very noisy, but that’s nothing new for anybody who’s ever traded this contract. I believe that we are close to the bottom of the overall consolidation, so I have more of an upward proclivity in the silver market than anything else right now.
Natural gas markets have rallied significantly on Tuesday, gaining over 1% as I record this. However, there is a significant amount of resistance above, especially near the $2.80 level. I think that the market will eventually find reasons to turn around, as we have been consolidating longer term, but a breakout could be a sudden short-term buying opportunity.
The major U.S. stock indexes posted huge losses on Tuesday, giving up earlier gains, as investors reacted to the 10-year yield hitting 3 percent and comments on a conference call from major Dow-component Caterpillar that hinted economic growth may slow later in the year.
The gold market witnessed a lot of price action in the past week because of the geopolitical concerns involving countries like the United States, China and Syria. The market on Friday cooled a bit down as gold prices reached down towards the $1330 level which is one of its support levels. The silver market continues to be noisy as it pulled back during the Friday’s session bit found buyers around the $17.20 level.
Investing.com – Gold prices remained on course to snap a two-week winning streak as safe-haven demand faded amid easing geopolitical concerns, while continued dollar strength added to downside momentum.
Shipping industry hopes that so-called sulphur scrubbers are a quick-fix solution to compliance with drastic emissions reduction demanded by 2020 are somewhat misguided, one of the world's biggest manufacturers of the equipment told Reuters. The International Maritime Organization's (IMO) cut to the amount of sulphur the world's fleet can emit will have massive implications for shippers, oil refiners and even crude oil producers. Scrubbers that strip sulphur as fuels are burned allows ships to continue using high-sulphur fuel oil, and Finland's Wartsila Marine Solutions is taking in record orders as the 2020 deadline draws nearer.
China spent millions of dollars exploring an oil play in Sudan with underwhelming results, but it seems they may have made a billion dollar mistake
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Coeur Mining (CDE), Kinross Gold (KGC), and Eldorado Gold (EGO). Mining stocks mostly move with gold prices, but not always. Among these four miners, Kinross has shown the highest correlation with gold this year, while Eldorado Gold has seen a negative correlation.
Usually, precious-metal-mining companies follow precious metals. Precious metals have risen over the past few days, supporting mining companies.
Unrest in Syria played a role in precious metals rising on Friday, April 13. The day before, Donald Trump discussed how to address a recent Syrian poison gas attack. He threatened missile strikes, which were eventually carried out, on Saturday.
Investing.com – Gold prices were slightly higher on Thursday while the U.S. dollar steadied amidst higher U.S. 10-year treasury yield.
The Silver markets had a quiet opening to the trading session on Wednesday, but then broke significant resistance, slicing through the $17 level rather rapidly.
Investing.com – Gold prices remained supported as a subdued dollar continued to underpinned upside in the precious metal despite easing geopolitical tensions.
The gold market continued to be choppy during the Tuesday’s session as it pulled back towards the $1338 level to find buyers again. The silver prices were volatile during the Tuesday’s session initially moving towards the $16.50 level but found enough support just above the $16.55 level to continue moving higher as the traders got bullish. The US dollar will continue to influence this market and as USD is falling value, the silver market will trade higher.
Former first lady Barbara Bush, a source of guidance and love to both her husband and son during their White House stints, according to friends, has died at age 92, Her passing was announced on Twitter by a family spokesman. Bush held the rare distinction of having been both the wife of a US president,…
In Aug. 2016, Ethiopia’s Olympic marathon silver medalist Feyisa Lilesa crossed his hands above his head as he finished the race in Rio—calling the world’s attention to a wave of protests in his home country. The gesture of solidarity with the demonstrations snubbed Olympic protocol, but it further championed the Oromo demands for political reform…
While gold miners have been out of favor for a long time, that might be about to change. Since the uncertainty in the market is increasing, gold prices are poised to rise. This rise should be followed by gold miners (GDX), which are essentially a leveraged play on gold prices.
ESPN will eighty-six FiveThirtyEight, the statistics-driven news-and-analysis site led by Nate Silver. But the news outlet will go back to square one at ABC News. In an unusual transfer of corporate assets, Walt Disney’s ABC News said it would acquire Silver’s much-scrutinized operation from sibling ESPN. Financial terms were not disclosed. FiveThirtyEight is expected to continue […]
The gold prices managed to move higher to reach the $1350 level after initially pulling back. The short-term resistance in the market is placed at $1353 level and if it clears then the gold prices should reach $1360 level and above. In the lower side, the $1335 level offers a strong support and is unlikely to be broken. A clearance above $1400 level will be a buy and hold position for traders. …Read MoreSilver