Gold Jun Contract (GC, ETF: (GLD))Tuesday’s bounce was likely only obligatory, having tested prior lows at or under $1326.00 per ounce on Monday. The bounce has room up to higher prior lows around 1339.00 while still being only a temporary correction….
The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action on April 23, 2018, in the U.S. District Court for the Eastern District of New York charging Defendant Kevin Scott Antonovich of Woodside, New York, with…
Finally, it crossed the line. For the first time since January 2014, the US 10-year Treasury yield briefly rose above the key 3% level before dipping lower again. Yields in Europe also rose, which kept the euro/U.S. dollar (EUR/USD) currency pair supp…
Breaking News! North Korea has agreed to denuclearization. Great! But what does it mean for the gold market? And… why is this not true?
Gold Starts Week Badly
The yellow metal struggled on Monday. Its price declined from $1,335 to $1,320, or more than…
Don’t look now, but the U.S. dollar seems to be officially getting its mojo back!
In terms of fundamental factors supporting the greenback, the new-look Federal Reserve’s struck a more upbeat note about the economy lately, mirroring the improvement in…
A daily summary of high-profile members of several complexes.
Gold Jun Contract (GC, ETF: (GLD)): Gapping down Monday to $1,329.00 per oz. extended down slightly further intraday to test $1,324.00. That’s the lower-end of April’s range, and anything …
The rebounding U.S. dollar, rising government bond yields and the still-buoyant stock markets are helping to generate significant headwinds for gold. The shiny metal is priced in U.S. dollars and with the greenback rising, this is the main reason beh…
Just a couple of weeks ago, the dollar was languishing in the doldrums. This was in part due to that disappointing U.S. jobs report which helped to lower expectations for aggressive rate hikes from the Fed and partly because of trade war concerns. Wel…
E-mini S&P 500 (June)
Last week’s close (Friday, April 20): Settled at 2671.50, down 21.50 on Friday and up 14.25 on the week
Fundamentals: Major U.S. equity benchmarks opened higher Sunday night after a poor Friday session. Calming geopolitical t…
What a very strange week. Last Wednesday the Transports led to the upside while the Dow lagged. You’ll recall the Dow lagged because IBM got clobbered on their earnings report. Also, the BKX along with Goldman Sachs flattened out. Goldman is still mov…
