How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
• Bulls continue to struggle above $1240 level despite risk-off mood. • A modest pickup in the USD demand prompts some fresh selling. • Traders eye US macro data for some impetus ahead of Powell’s speech. Gold reversed an early uptick to $1241 area and has now drifted into negative territory for the second consecutive sess...Read More
(Updates with closing prices)By Peter HobsonLONDON, Dec 6 (Reuters) - Most industrial metals prices fellon Thursday and copper hit a three-week low after the arrest ofa top Chinese executive in Canada dampened hopes for aresolution to the U.S.-China trade conflict.The arrest of tech giant Huawei's finance chief forextradition to the United States cast doubt over a 90-day tradetruce struck on Satur...Read More
ONTARIO - Toronto-based Wesdome Gold Mines says drifting and drilling the 7 zone at the Eagle River mine has resulted in longer than average strike lengths and extended the zone at depth. The underground mine is located about 50 km west of Wawa.The 7 zone is an intermediate zone parallel to the 300 zone to the north and the historic 8 zone to the south. The development work taking place on the...Read More
Alto Ventures (TSXV: ATV) announced today that it has received a work permit to carry out exploration programs consisting of line cutting, ground geophysics and 3,000 metres of diamond drilling on its Oxford Lake project in Manitoba, central Canada. The work permit, however, was issued with certain conditions including a requirement that a heritage resource impact assessment is completed before wo...Read More
Alto Ventures (TSXV: ATV) announced today that it has received a work permit to carry out exploration programs consisting of line cutting, ground geophysics and 3,000 metres of diamond drilling on its Oxford Lake project in Manitoba, central Canada. The work permit, however, was issued with certain conditions including a requirement that a heritage resource impact assessment is completed before wo...Read More
Canada's Barrick Gold (ASX, NYSE:ABX), the world's No.1 gold miner, is selling research and development company AuTec and laying off executives hired to lead what the Toronto-based company had called its "digital reinvention."Barrick is in the midst of merging with Africa's Randgold Resources (LON:RSS) and incoming CEO Mark Bristow has announced his intention to offload non-core assets, reduce co...Read More
* FTSE 100 ends down 3.2 percent * Huawei arrest stirs trade tension worries * Oil, mining stocks lead fallers (Adds closing prices)By Josephine Mason and Julien PonthusLONDON, Dec 6 (Reuters) - UK shares plunged on Thursday andrecorded losses not seen since the aftermath of the Brexit voteas a sell-off swept global markets following the arrest of a topHuawei executive that renewed worries about U...Read More
Gold is trading near a 5.5-week high of $1,243 hit on Tuesday. The US yield curve inversion could trigger dollar sell-off, leading to further gains in the yellow metal. Gold is currently trading at $1,240 per Oz, having hit a high of $1,243 on Tuesday - the level last seen on Oct. 26. The yellow metal crossed the resistance of the descending trendline connecting the Oct.26 high and Nov. 7 high o...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold rebounded to a near 5-month peak on Thursday as the dollar declined amid expectations of a slowdown in the pace of U.S. rate hikes, with investors seeking refuge from a sell-off in global stocks.Spot gold rose 0.11 percent to $1,238.82 per ounce, having reached $1,244.32 per ounce, its highest since July 17. U.S. gold futures were 0...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold rebounded to a near 5-month peak on Thursday as the dollar declined amid expectations of a slowdown in the pace of U.S. rate hikes, with investors seeking refuge from a sell-off in global stocks.Spot gold rose 0.11 percent to $1,238.82 per ounce, having reached $1,244.32 per ounce, its highest since July 17. U.S. gold futures were 0...Read More
Happy hump day. The markets were closed today for a national day of mourning after former President George H.W. Bush passed away last Friday. However, that doesn't mean that Wall Street took a break. Here are some of the top stories from Wednesday, Dec. 5. No Longer the Apple of My Eye TheStreet's Annie Gaus breaks down Apple's recent (AAPL) volatility. Gaus re...Read More
Larry LaBordePosted Dec 5, 2018To every thing there is a season, and a time to every purpose under the heaven. Ecclesiastes 3:1Last month Bill Bonner wrote an interesting article about trading the Dow/gold ratio.He recommended selling the Dow and buying gold when the ratio was above 15 (the Dow is too high compared to gold) and selling gold and buying the Dow when the ration was below 5 (the Dow i...Read More
European government bond yields fell to multi-month lows Wednesday, following yesterday's moves in U.S. Treasuries that have ignited concerns over the prospect of recession in the world's largest economy, as investors continue to pull away from risk markets and test the Federal Reserve's resolve on future interest rate hikes. Benchmark 10-year German bund yields, a proxy for risk-free borrowing...Read More
The Wednesday Market Minute Global stocks slide following last night's sharp selloff on Wall Street amid increasing question over the fate of U.S. China trade talks.Bond markets steady after flashing recession signals Tuesday, with the spread between 2-year and 10-year yields rising to 10.5 basis points.Global oil prices drift lower after a stronger-than-expected buildup in U.S. crude supp...Read More
Investing.com - Gold prices slipped on Wednesday in Asia as the dollar rebounded following a plunge on Wall Street overnight.Gold futures for February delivery on the?EUR?Comex?EUR?division of the New York Mercantile?EUR?Exchange traded 0.5% lower at?EUR?$1,240.20?EUR?a troy ounce by?EUR?1:24 AM ET (05:24 GMT).?EUR?The U.S. dollar index that tracks the greenback against a basket of other currencie...Read More
CloseGain/LossGold $1238.30+$0.10Silver$14.48-$0.04XAU66.35+0.28%HUI150.05+0.46%GDM547.61+0.20%JSE Gold1201.22+52.17USD96.74-0.26Euro113.86+0.46Yen88.79+0.05Oil$51.49-$1.4010-Year2.887%-0.025T-Bond143.5625-0.21875Dow24947.67-0.32%Nasdaq7188.26+0.42%S&P2695.95-0.15% The Metals: Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asi...Read More
By Stefan GleasonThis week, a white metal reached a rare feat. Palladium has traded at a higher cost per ounce than gold.Last month, the palladium market pushed through all remaining technical barriers by posting a new all-time high. A chronic supply deficit now threatens to launch palladium prices into a super spike.Palladium Reaches Gold Price, Makes All-Time HighA true shortage of physical me...Read More
By Dave KranzlerIf the "risk on/risk off" stock market meme was absurd, its derivative - the "trade war on/trade war off" meme - is idiotic. Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by Trump, Larry Kudlow or China, which are suggestive of the degree to which Trump and China are willing to negotiate a trade war settlement.Please d...Read More
Powell has recently came up with the metaphor of wandering in the darkness. Will golden sunshine brighten the dark? I Am the Fed Chair and I Know Nothing On November 14th, Powell discussed global perspectives in Dallas Fed with its President, Robert Kaplan. He characterized the Fed's stance, providing an interesting analogy: A non-economic example [of the approach adopted by the Fed] would b...Read More