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I think we can safely assume the Brexit vote is going to fail. This should be bullish for stocks and bearish for the dollar. A falling dollar should be good for gold. However, with stocks and oil...
Crude Oil has been moving higher all year. After confirming a bottom on the longer term basis with a double hammer, the move higher has been outstanding. But recently it has stalled. Is that the end...
Gold has been doing great recently. The precious metal rose to as high as 1316 and having in mind the rally initially began from 1046, it is no wonder last week’s pullback from 1316 to 1276 was...
Similar rectangle dimensions, possibly similar bullish outcomeOriginal post
This is a dangerous configuration for gold bulls. Original post
Gold price fell, forming a bearish candlestick after the break of 1280.00 achieved, and stability below the mentioned level considers negative. However, we will need to see a break of 1263.00 support...
Gold prices might be looking weaker on the daily and weekly time frame, but the 4-hour chart shows a bullish pennant pattern which could signal further upside in gold. With the UK referendum vote due...
The International Lead and Zinc Study Group has released preliminary data on the global market for refined zinc, and found a notable surplus from January to April 2016 with total reported inventories...
Gold has posted considerable losses on Tuesday, after showing limited movement in the Monday session. Spot gold is trading at $1268.76 per ounce in the North American session, marking a 10-day low. In...
US crude has posted small losses on Tuesday, following gains on the Monday session. WTI crude is trading at $49.29 in the North American session. Brent crude is trading just above the $50 level, at...
The EU referendum in the UK is set to take place on Thursday. The latest polls showed that the lead of supporters of Brexit diminished or even reversed. What does it imply for the gold market?Since...
Gold and precious metals in general have been a darling of the market so far this year, and I'm sure by writing this post, I'll get some angry tweets and messages as a result. But hey, I am here to...
With the Brexit vote coming closer, traders took a cautious approach towards Crude Oil overnight. It ground lower into the US session and traded to a low of 48.85 in the morning.Rumors that Nigeria...
Janet Yellen’s Semi-Annual Testimony to Congress Today and TomorrowToday and tomorrow Janet Yellen will give her semi-annual testimony and on Thursday we have the Brexit vote. Arrgh! What else...
True enough as we had expected in our May 24th article that oil price will charge further, as June 8th saw price went as high as around $51.70 a barrel on long bookings by many market participants,...