|Day's Range||15.74 - 15.76|
Israeli director Nadav Lapid's “Synonyms," about a young Israeli man in Paris who has turned his back on his native country, won the Golden Bear at this year’s Berlinale on Saturday. The Silver Bear Grand Jury Prize went to François Ozon's French drama "By the Grace of God,” a fact-based account of the Catholic Church […]
“We wanted to create a combination of the Chelsea Hotel, the Brill Building and CBGBs,” says producer Dave Trumfio describing Gold-Diggers, an East Hollywood complex that includes nine state-of-the-art recording studios, a soundstage and an 11-room boutique hotel above a full liquor bar and lounge. The Santa Monica Blvd. address served as a strip club […]
Crude oil markets rallied significantly during the trading session on Friday to send this market above what has been massive resistance. Because of this, I think that the market is poised to go higher as we have been flirting with that level for quite some time.
Natural gas markets continue to grind during the week, going back and forth between a couple of levels. We are at extraordinarily low pricing at this point though, so it’s very likely that we need to see some type of bounce to start selling. As far as buying is concerned, I would be a bit hesitant to do so, because of the fact that there is so much in the way of supply.
Silver markets gapped higher on Friday in the futures pits as we have seen a significant amount of support show up on Thursday and bouncing off of the uptrend line. Beyond that, there are couple of moving averages in a round number that you should be paying attention to.
Bad data from the US helped the precious metals to climb higher and on both: Gold and Silver, we are very close to see major long-term buy signals.
The script for WTI and Brent crude prices is expected to remain the same on Friday. OPEC-led production cuts and Venezuelan sanctions are expected to underpin prices while concerns over rising U.S. production and slowing demand will limit gains.
Silver markets gapped a bit lower to kick off the day on Thursday, rallied a bit to test that gap, and then fell again. We are currently testing the $15.50 level, which of course is significant.
Gold is regarded as immune to changes in economic activity and hence steady fund flow from investors who wish to avoid loss of funds owing to geopolitical events keeps the price steady above $1300 handle.
The Atlanta-based exchange plans a 3-millisecond trading delay, or speed bump, for its gold and silver futures contracts, according to a regulatory filing. Michael Lewis’s 2014 book, “Flash Boys,” popularized the idea of using speed bumps to curb the light-speed pace of modern financial markets and prevent alleged abuses of so-called high-frequency traders. Lewis’s protagonists, the founders of IEX Group Inc., introduced a delay on their stock exchange in 2016, and a tiny equities market ICE owns, NYSE American, also has one.
The British pound pulled back a bit after rallying quite significantly during the day on Wednesday. By doing so, the market looks as if it isn’t quite ready to go higher, but I also recognize that there is a massive amount of support underneath.
Based on the early price action, the direction of the March E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to the former top at 2737.75.
The gold prices pulled back initially during Tuesday’s session but got enough support underneath to continue rally higher. The $1325 level higher would continue to be extremely resistive, but pullbacks will continue to be a nice buying opportunity. If the gold breaks the support at $1300 level, then probably it will go down towards the $1275 level. …Read MoreSilver
The gold prices pulled back during Monday’s session, breaking below the $1310 level as the market continues to have a lot of back and forth economic news around. The $15.50 level underneath is strong support for the silver prices and a break above $16 level would be extremely positive and would bring back enough buyers. The crude oil prices fell a bit during Monday’s session, breaking below the $52 level.
Silver markets pulled back a bit to kick off the week during the trading session on Monday, as we continue to see a lot of back-and-forth when it comes to risk appetite. With this in mind, I believe that we will find some value if you are patient enough to wait for it.
MUMBAI/BENGALURU (Reuters) - Demand for physical gold in India rose this week as jewellers stocked up for a major exhibition, allowing dealers to cut discounts to the lowest in two months, while the Lunar New Year holiday kept activity subdued in other major Asian hubs. Dealers in India, the world's second biggest gold consumer after China, were offering discounts of up to $1.5 an ounce over official domestic prices, the lowest since the second week of December, as against $4 discounts last week. Demand improved as jewellers made purchases for next week's exhibition, said Mukesh Kothari, director at bullion dealer RiddiSiddhi Bullions in Mumbai, referring to the India International Jewellery Show that kicks off in India's financial capital on Sunday.
The gold prices gained a little during Thursday’s session, reaching towards the $1310 level. At this moment, the gold market is witnessing plenty of buyers and given enough time, the market will start its rally towards the $1325 level. The silver prices were flat all through yesterday’s session, hovering around the $15.60 level.
Based on the early price action, the direction of the March E-mini Dow Jones Industrial Average the rest of the session is likely to be determined by trader reaction to the minor pivot at 25156.
Earlier today, sellers took out yesterday’s low at 6972.25. This confirmed the closing price reversal top and set in motion today’s steep decline. This move often leads to a minimum 2 to 3 day correction.
The British pound initially fell during the trading session on Thursday but found enough support below near the 1.28 level to turn around and smashed through the previous downtrend line, showing signs of life yet again.
Gold is going through a tricky period. Rising concerns over slowing economic growth tend to be supportive for gold, however, at this time investors are moving money into the U.S. Dollar and this is putting pressure on gold prices.