What is the gold price today? Gold prices extended their losses to a sixth straight session on Thursday as metal’s dip below the psychological $1,400 mark in the previous session, triggered technical sell off while constant outflows from the world’s largest gold-backed ETF, the SPDR Gold Trust (ETF) (NYSE: GLD), is also prompting investors to [...]
Reduced offtake from stockists as well as lack of retail buying support amid continued global-sell-off contributed to the gold prices decline at the domestic bullion market on Saturday. Similarly, heavy speculative unwinding amid poor industrial demand also led silver prices decline to close below the important Rs 44,000 per kg mark. Standard gold of 99.5 [...]
From Kimble Charting Solutions: The Yen, Australian dollar, and the Euro have created pennant patterns over the past few years and each of these currencies is now breaking support of the pennant patterns. At the same time, the U.S. dollar has been unable to close on a “monthly basis” above line (1) in the chart [below]… Read full [...]
From All Star Charts: I always find it interesting when markets hit new highs and bullish sentiment simultaneously drops. I realize there’s a lot of noise in these weekly AAII Sentiment polls, but it’s fascinating nonetheless. I think it’s really just the same old story of a hated market. The AAII Investor Sentiment Survey measures [...]
GOLD PRICES failed to hold a rally above $1380 per ounce in London on Friday morning, trading 5% down for the week as world stock markets held steady. Both the Euro and British Pound also cut their mid-week rallies against the Dollar, holding gold prices at €1070 and £904 per ounce respectively. New data overnight [...]
From Casey Research: An article was published in Uruguay that has received little notice outside of Latin America. This article refers to Cuban dissident Yoani Sánchez, also little known in the First World. Ms. Sánchez has recently been allowed to travel outside of Cuba for the first time, as a result of the elimination of [...]
From Peter L. Brandt: As readers of this blog know, I have been a pretty consistent bear on silver ever since the April 2011 top. In fact, long-time readers know I called the absolute top. I have been a nemesis and the destination of hate of silver bulls ever since. The chart structure in the [...]
SILVER NEWS Newly refined silver supply hit a record high of 981.6 million ounces last year and is forecast to reach 982.6 million ounces this year, according to the CPM Group’s Silver Yearbook 2013. Author: Dorothy Kosich Posted: Thursday , 16 May 2013 RENO (MINEWEB) - New York-based commodities research consultants, CPM Group, forecast that silver [...]
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