Tag "precious metals"

Gold Drops as Interest Rates Rise, but Cycle Bottom is Near

Gold futures futures declined sharply Tuesday and Wednesday, as the Dollar Index ($DXY) is firming and interest rates are rising. Gold has fallen below $1300 and is currently trading around $1290 per ounce. The Dollar is rising along with interest rates – The yield on the 10-year note has surged…

Gold COT Report: Can the Bulls Defend $1300?

The following chart and data highlight non-commercial commodity futures trading positions as of May 1, 2018. This data was released with the May 4 COT Report (Commitment of Traders). Note that this chart also appeared on my blog. The chart below looks at non-commercial futures trading positions for Gold. For the week, the…

Gold vs S&P 500: Polar Opposite Price Patterns!

Today’s chart 2-pack takes a broad look at Gold and U.S. Equities. Both assets appear destined for resolution soon.  Could they be headed in opposite directions? Perhaps so… if these technical patterns play out according to the script. In the 2-pack below, we have a “monthly” bar chart for Gold…

Silver Gold Ratio… Set To “Spring” Precious Metals Higher?

Metal heads have been very patient in 2018 as Gold continues to press up against breakout resistance. One thing that has been missing is Silver strength… but yesterday’s big move by Silver may be the lift that precious metals need. During bull markets for precious metals, silver tends to lead….

Patient GOLD Bulls Continue to Wait for a Breakout

The following chart and data highlight non-commercial commodity futures trading positions as of April 10, 2017. This data was released with the April 13 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for GOLD. For the week, spot…

Gold Is Knocking… Will Metals Bulls Answer?

Is gold ready for primetime? The shiny metal is testing the $1360-$1370 level for the fourth time this year. One factor that has helped to keep Gold elevated is a weaker U.S. Dollar.  The chart below highlights the Gold/U.S. Dollar ratio. Metals bulls want/need to see this ratio heading higher…

S&P 500 Market Outlook: Gold Shines, Stocks Holding On

Key Developments In The Financial Markets Stocks continue to consolidate.  And Gold tests key breakout level. Tuesday’s stock market rally helped to add some conviction to the idea that stocks can move higher in the short run. The major indices managed to successfully close up near the highs of the…

A Breakout Here Could Produce Another Gold Rush

Gold prices have chopped higher since bottoming in December 2015. The move has not been as exciting as precious metals bulls would like but its followed a trend of higher lows nonetheless. During the same time frame, Gold has tested the $1360 – $1375 price level on multiple occasions –…

Gold Trading Update: Bullish Action Continues

Gold Trading Outlook: Near-Term Bullish Gold and Silver are moving above key trend lines and look poised here. Looking at Gold specifically, it looks ready to test its 52 week highs. Look for a retest of 1360-5 in the days ahead. In my opinion, this level will likely be broken…

Gold Bulls Hope This Ratio Provides Best Message In 7 Years!

Most investors are familiar with the relationship between the U.S. Dollar and Gold. Gold bulls like a weaker U.S. Dollar as it provides a tailwind for precious metals. Here’s a prime example: Over the past 15 months, the US Dollar is down 14 percent. During that same time, Gold is…