Monthly Archives: February 2018

While looking at a 10-year chart of gold, Worth kept in mind that there are numerous bullish technical patterns forming on the chart. ” This is the beginning of an important move higher, even though weve currently move quite perfectly again from the lows of September,” Worth described. ” Its unclear what [golds] role is as a hedge against inflation, however the thought that it has to go down when rates are increasing is not developed in any method,” Worth said this week on CNBCs “Futures Now.” On February 21st, the 10-year Treasury yield struck its greatest level in four years, underscoring the jitters of some financiers stressed about rising rates. Looking back 20 years, Worth compared the performance of […]

Three charts that show gold is going to $1,400

February 28, 2018 in gold / Gold Market & Economics tagged 2018 / CNBC' / Gold / gold chart / gold market / gold news / gold price / yellow metal by admin

Expectations that there could be an additional hike helped push the 10-year yield closer to the 3% mark last week, though that yield has actually drawn back in recent days. Here is a great short article about Gold begins the week higher as dollar draws back. , if you desire to read the original short article you can find the link a the bottom of this post. “There has been a strong start to the week from the gold bulls and with the marketplace retaining its favorable medium term outlook, there appears to be a wave of purchasers wanting to utilize this recent correction as a possibility to re-enter the marketplace once again,” stated Richard Perry, analyst at Hantec Markets, […]

Gold starts the week higher as dollar pulls back

February 26, 2018 in gold / Gold Market & Economics tagged dollar / Federal Reserve / gold market / Gold Prices / investment / Jerome Powell / market / precious metals by admin

Gold is down. Through Thursday, the precious metal had declined almost 2 percent for the week after falling more than 1 percent last week. Gold is down. Through Thursday, the precious metal had actually decreased almost 2 percent for the week after falling more than 1 percent last week. He calls it a purchasing opportunity ought to gold fall further. Some market watchers are bullish on the metal despite its decrease. He calls it a purchasing opportunity must gold fall even more. – Golds 100-day moving average, at $1,294 since Thursday night, represents about 2 percent listed below where gold was trading on Thursday. At this level, around $1,300, would be a solid purchasing opportunity and technical support. We found […]

Why gold could soon get a boost from the wild ...

February 22, 2018 in gold / Gold Market & Economics tagged CNBC' / economics / Gold / gold boost / gold market / Gold Prices / U.S. markets by admin

Source: CFTC. The 2 essential things for investors to remove here are that (1) speculators are now net-short silver and (2) Producers/Commercials are not getting the slack substantially. In concerns to the very first point, traditionally when we struck a net-short position in silver we have actually seen a bounce-back in the silver rate and hence have actually made it a great time for financiers to purchase– a bullish signal. When it comes to the 2nd point, Producers/Commercials are not picking up the slack in terms of their positioning in silver, which recommends to us they are not as optimistic on the demand side for silver as they have remained in the past. That is not unexpected for us as […]

What Gold Investors Should Expect Heading Into The Chinese New ...

February 19, 2018 in gold tagged Chinese New Year / gold investors / gold market / investment / precious metals by admin

. Silver has actually often rebounded almost 100% within 12-15 months after bad and long bearish market. History states silver is ripe for a comparable move. Here is excellent post about the 4 Reasons to Buy Silver this year. , if you have any concerns or desired to check out the initial article you can discover the link at the bottom. Moving from the extremely long-term to today, we note that silver faces initial resistance at trendline 2 as well as the 2017 highs near $18 per ounce. That stands between silver at present and the crucial $20 resistance (which is also shown at trendline 1). It is rather clear to me that a month-to-month close above $20 (the 2016 […]

4 Reasons to Buy Silver in 2018

February 15, 2018 in silver tagged 2018 / Reasons to Buy Silver / silver market / silver prices / silver this year / silver update by admin

Looking at the pre-2017 Bitcoin boom, other durations have actually shown substantially less correlation, favorable or negative, with correlation coefficients ranging from 0.31 to -0.48. The extreme end of the ranges are certainly more suggestive of a correlation, however similar to the November 2017 to February 2018 period, some correlation is to be expected based upon coincidence rather than an actual relationship in between the 2. If we think about the daily data points from the 30th November 2017 to 2nd February 2018, which not only aspects in Bitcoins rally to a record closing high $19,114.20 however also its collapse to a February 2nd $8,830.75, the connection coefficient stands at -0.68. Interestingly, the unfavorable correlations seen in the last few […]

How Correlated are Bitcoin and Gold?

February 12, 2018 in gold tagged bitcoin / bitcoin and gold / cryptocurrency / gold market / Gold Prices by admin

We discovered this good short article at http://www.silvermonthly.com/15-things-to-know/ By: Adam Doolittle These are both great reasons to purchase bullion, and for numerous people, financial investment in gold can be part of a well-balanced portfolio. Gold is liquid, since its cost can bounce around, and silver even more so, bullion is much better to hold onto long term. Since gold rates vary continuously, gold bullion costs will. Counterfeit gold and silver ingots, as well as gold coins, are presently being sold out of China. Some gold financiers suggest an independent depository as an even safer method to store bullion. , if you are thinking to purchase silver and gold bullion.. Here is an excellent post about the things you must know […]