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By Jordan Roy-Byrne, CMT |
May 3, 2012
With equities nearing major resistance and precious metals emerging from an important low, it is obvious which asset class is in position to benefit from disappointing economic data and which asset class could enter a mild cyclical bear market.
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By Jon Nadler |
May 2, 2012
Gold spot prices opened with losses on the order of about $10 and near the support level that the $1,650 area is thought to be able to now offer. Silver dropped nearly 50 cents and started the midweek session out under the $30.50 mark per ounce.
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By Goldrunner |
April 2, 2012
Silver’s channel top will lie up around $68 to $70 over the coming months which we believe will be reached in 2012. The next higher angled resistance bands for silver run from $112 to $115, and then up at the $123 area.
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By Jon Nadler |
March 16, 2012
This morning’s New York trading action started off on the downside once again for the metals. Gold practically erased yesterday’s gains and dipped to near the $1,640 per ounce while silver also retreated from last night’s closing values and dropped to near $32.20 the ounce.
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By Jon Nadler |
March 14, 2012
The midweek sessions in precious metals started off at sharply lower price levels in the wake of the sentiment that took gold post the Fed announcement that given current economic conditions it has opted to do nothing more than monitor the situation.
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By Jon Nadler |
January 11, 2012
Gold prices traded with muted gains ranging from almost unchanged to roughly seven dollars and with bids coming in mainly around $1,635 to $1,645 in early action after yesterday's rally in part helped by robust Chinese gold import data.
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By Jon Nadler |
December 15, 2011
The sheer carnage that took place in the metals markets on Wednesday managed to surprise even some veteran market-makers and seasoned traders in this niche. The incessant selling gave almost no one a chance to come up for air.
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By Jon Nadler |
November 22, 2011
Spot bullion started the Tuesday session with a $12.50 rise to the $1,690 bid level as the US dollar fell about 0.23% on the trade-weighted index amid signs of the reaffirmation of the US' ratings despite the crumbling of the debt supercommittee.
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By Jon Nadler |
September 29, 2011
The overnight dip to the $1,580s did however attract a sufficient amount of bargain-hunting buyers to bring the yellow metal back to above the $1,600 mark by Thursday morning's opening bell in New York.
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By Jon Nadler |
September 20, 2011
Metals prices with the exception of silver attempted to recover some of Monday's heavy losses in early trading action. The currently apparent fatigue being exhibited by the precious metal has not halted unequivocal pronouncements that gold "has to go up."
