Gold and silver prices are higher in early U.S. trading Thursday. Trader and investors risk aversion has upticked as the week progresses and that’s benefitting the safe-haven metals. The shorter-term futures traders that had sold the metals are also getting skittish and covering those short positions (buying them back). December gold futures were last up $5.90 an...
Palladium saw a 93% rally from the August 2018 low to the March 2019 high and with every
big move we can expect to see price become exhausted and form a pullback, reversal or consolidation.
In this case, we saw a period of consolidation which appeared in the form of a cup & handle pattern.
A cup & handle in an uptrend is a strong continuation pattern but only if...
Technical Analysis and Outlook
The precious metals market - Gold could not expand above primary first Mean Res $1,514 while the other two-stars resistance levels Mean Res $1,533 and Key Res $1,550 are looming above.
Once the Gold began reversing yesterday morning, it took out the first Men Sup at $1,487 as the heavy selling picked up. The critical...
If you are familiar with the Gold to Silver ratio (XAUXAG) it shows us how many ounces of Silver is required for 1 ounce of Gold. So currently, it takes 85 ounces of Silver for 1 ounce of Gold.
Gold and Silver have been monetary metals for centuries, and historically, the Gold and Silver ratio has been 14-16:1.
Silver lost most of its monetary standing due to...
Hello traders,
This monthly closing candle should show us the moment of truth of gold,
comment down below what you guys think will happen to gold.
TRADE SAFE WITH SL
As Gold was bull flagging, completing an A-B-C-D-E wave,
it also formed a reverse H&S,
Several bullish hammers on the lows (also contrasted to some bearish on the highs)
And a breakout of a trend line.
What more would you like?
In my opinion the trend is bullish for now.
But please keep showing contrasting idea's as we shouldn't get too biased.
Although gold broke slightly below key support trendlines this morning and bumped up against them all day without success, the price action in silver was very encouraging, as can be seen by this chart.
Still projecting a strong move in the metals tomorrow and early next week. I tend to this that we're forming the B wave in an A-B-C correction for gold & silver....
Impala is one of the largest Platinum producers in the world, and an extremely cheap stock when one studies their balance sheet.
South African in descent, this company has made some exceptional acquisitions with the latest in North American Palladium (Ticker: PDL; Canadian producer in Thunder Bay, Ontario) which is one of the top producing Palladium mines in the...
Almost guaranteed oil will go beyond $150 a barrel in the new 2-5 years. Gold will be $10,000+ and silver will be $300+ by then. May be it's best for you to get ready for $10 a gallon oil at the pump :)
The weekly chart is obviously still sitting at resistance and gold is not bearish per se I just think they could be distributing it before a retracement. We've been in this area long enough to be sure that we're not in an impulse wave up, rather a corrective wave down, not that I believe in elliot wave, those are just the only words that really fit to describe it....
The Gold/ Silver ratio is the proportional relationship between the respective spot prices of Gold and Silver. Put simply it describes how many ounces of silver can be bought with one ounce of gold.
The ratio has been on a bearish trend since early July as Silver initiated a very aggressive cyclical rise and despite the early September decline on both metals,...
At the time of publishing this research report, Gold is trading at $1488 and silver is at $17.50. Gold dropped more than 1% on Friday which makes the prices plunged from $1510 to $1480($30 move). The Donald J.trump tweet on Friday had a significant impact on the market in which he showed optimism ahead of his meeting with Chinese Vice Premier Liu He at the White...
Hi traders, here's a quick comparison between silver and gold.
Silver has reached the upper channel resistance and is forming a bearish pinbar pattern, signaling sellers are joining the market again. The resistance aligns with the 61.8% Fib level which could provide additional selling pressure and lead to a continuation of the recent downtrend.
Gold to follow...
