|Day's Range||16.50 - 16.61|
The Silver markets went back and forth initially during the trading session on Wednesday, reaching towards the $16.50 level. However, as we await the Federal Reserve monetary policy statement, and the press conference afterward, it could be a very noisy 24 hours indeed.
Investing.com - Gold prices held onto gains on Wednesday, as sentiment on the greenback remained vulnerable ahead of the Federal Reserve monetary policy decision due later in the day.
First Majestic Silver’s (AG) stock price has seen the highest fall among its peers (SIL) YTD (year-to-date) in 2018. Analysts expect First Majestic Silver to see revenue of $347.7 million in 2018, which implies a YoY (year-over-year) rise of 37.8%. Analysts’ estimates for 2019 imply another rise of 26.1% YoY.
The woes relating to its Guatemalan mine license led Tahoe Resources (TAHO) to underperform significantly in 2017. While a year ago, 86% of the analysts covering TAHO gave it “buy” ratings, currently this amount has halved to 43%. On July 5, 2017, the government of Guatemala decided to revoke Tahoe Resources’ permit to operate its Escobal mine.
The gold prices moved lower during the yesterday’s session reaching towards the $1310 level as the market looks cautious on the announcement from Fed. A favourable announcement from Fed will send this pair towards the $1315 and $1325 level eventually. Silver rolled over during the Tuesday’s session reacting to the overall noise and volatility the forex and commodity market. The prices reached the $16.10 level at the yesterday’s session and $16 level below offers maximum support.
Sometime in June 2014, Indian construction worker Harjit Masih lay motionless, playing dead among 39 still warm bodies. Lying beside him were his massacred compatriots. They had all been shot by militants of the Islamic State of Iraq and the Levant (ISIL) in Mosul, Iraq. Receiving a bullet to his leg, Masih lived to tell…
Based on Tuesday’s close at .7682 and yesterday’s price action, the direction of the AUD/USD today is likely to be determined by trader reaction to the previous bottom at .7712.
Coeur Mining’s (CDE) YTD (year-to-date) operational performance has been strong. Among major silver miners, it has given the highest return and has been the exception, providing positive returns. As we learned in the previous article, the iShares Silver Trust ETF (SLV) has returned -3.8% YTD, and the Global X Silver Miners ETF (SIL) has returned -8.2% in the same period.
Investing.com - Gold prices pushed lower on Tuesday, as demand for the U.S. dollar strengthened ahead of the Federal Reserve's policy meeting this week.
There has been an incredible amount of chatter as to how many times the Federal Reserve is going to raise rates in 2018, and the speed at which it will raise them by. For gold investors, the old question lingers, “What will rising interest rates mean for the price of gold?”
Bitcoin and other cryptocurrencies continue to trade under pressure as regulations weigh on prices. Although cryptos are trading stably on Wednesday morning, Bitcoin must find another support in order to change the currenct direction.
The main range is .6780 to .7437. Its retracement zone at .7108 to .7031 is the primary downside target.
Investing.com – Gold prices shrugged off expectations that the Federal Reserve will hike interest rates later this week as a sharp fall in the dollar boosted demand for the precious metal.
Looking at Fortuna Silver Mines Inc’s (TSX:FVI) earnings update in December 2017, analyst consensus outlook seem bearish, with profits predicted to drop by -16.75% next year against the past 5-yearRead More...
The gold market was extremely volatile during the Friday’s session reaching towards the $1300 level. The silver prices initially tried to rally during the Friday’s session but got significant resistance at the $16.50 level to fall down drastically and also due to strong than anticipated Industrial Production in the US. This resulted in the Dollar to strengthen which had an effect on the overall currency and commodity market.
Recently, I was invited to a “Women’s Circle” hosted by True Botanicals, a Mill Valley, California-based skincare company, at Ojai Vista Farm, a 10-acre estate on an avocado farm north of Los Angeles. Perhaps the event’s unusual title or idyllic location should have indicated it wouldn’t be the average power luncheon. But I still anticipated…
Bitcoin moving sideways, following an early fall as investors look for the right time to jump onto the weekend rally bandwagon.