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A flash crash in the gold and oil markets retested lows as COVID travel restrictions in China, and rising cases of COVID in Thailand and the U.S. is putting a damper on oil demand expectations. A...
Friday’s nonfarm payrolls blew past expectations. The release showed that in July the US added more jobs during the previous month than it had in almost a year. Though the NFP print provided another...
What a week! Gold has dropped almost $60 since Friday, and silver came along reaching new yearly lows! Are you prepared for a wild ride downwards?The USD Index While many investors forecasted a sharp...
Gold usually leads in anticipating monetary policy shifts Today's sharp move lower suggests taper is coming soon Fed official rhetoric is laying down the groundwork Gold could drop to $1500 by year...
XAG/USD fell sharply on Friday following the better-than-expected US employment data for July. Today, the metal opened with a large negative gap below 23.70, but recovered a decent portion of today’s...
Strong US jobs data continues to weigh on markets, and the impact could stretch into weeks, changing trading strategies for many financial assets. Accelerating employment and wage growth in July and...
Oil remains under pressure Despite impressive US employment data on Friday, oil prices fell as the US dollar rallied strongly. What are disturbing oil markets the most, though, is the Delta-variant...
This morning, a liquidity black hole, exacerbated by a Japan and Singapore holiday, saw gold plummet $87.00 to around $1680.00 an ounce in a stop-loss and algorithmic selling negative feedback...
Adoring Wednesday's ADP report of suddenly slower growth for July's jobs, Gold's price in turn zoomed up from Tuesday's 1810 low to 1835. Abhorring Friday's Bureau of Labor Statistics report of...
Gold remains in correction mode. Even if gold were consolidating bullishly (from an immediate perspective), it would need more time to build a viable handle on the 9-year long cup pattern. Long-term...
The Fed acknowledged the economy’s progress, but it’s still not “substantial progress.” In short, Fed Chair Jerome Powell merely slowed the hand of the tapering clock. Last...
U.S. President Joe Biden’s goal to make 50% of all cars and light trucks electric by the end of the decade is going to have negative ramifications across the U.S. economy. Not only is this goal...
This chart comes from Marketsmith.com, which looks at Junior Gold Miners ETF (NYSE:GDX) (VanEck Vectors Junior Gold Miners ETF (NYSE:GDXJ)). This chart highlights that GDXJ could have be creating a...
The Fed’s reverse repos reached almost $1 trillion in June. Brace yourselves gold bulls – tightening is coming! Something interesting is happening in the financial markets. As you probably...
XAU/USD traded lower yesterday, after it hit resistance at 1815, and continued to trade lower today, heading towards the key support zone of 1790. In the short run, the precious metal appears to be...