Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Quite the inauspicious start for Gold's fresh parabolic Long trend as otherwise herein detailed a week ago. Indeed then we were all megaphones and pom-poms about Gold now being en route to a new All-Time High … and we're still in that camp even though the drive to such high has commenced with a dive.
The optimistic news is that both the yellow and silver metals exhibit their rightmost two blue dots of fresh Long trend. The pessimistic news is that the margin for error — i.e. trend reversal — admittedly appears tight. Gold's present distance from here to the flip-to-Short price is -41 points, which given Gold's expected weekly trading range of 44 points is within a vulnerable distance. Similar is the case for Silver with her flip price just -1.00 point lower at 22.20; her EWTR? 1.
‘Course, cash management has become a crap-shoot if investing via the StateSide trendless economy. "It's up … no wait … it's down … no wait … it's ad nauseum…" Or as crooned by The Moody Blues: "School taught one and one is two. But by now, that answer just ain't true…" –[‘Ride My See-Saw', '68]. Regardless, President Biden's economy is said to be just fine, thank you. To wit these two headline doozies from Dow Jones Newswires as the past week unfolded: "Resilient U.S. Economy Defies Expectations" and "Why Higher Unemployment Is Good News Now" . Yet on this side of the pond, the EU's leading economy — Germany — continues to falter.
Notwithstanding the precious metals needing a boost into the new week, we wrap this missive with "Breaking News":
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gold SWOT: China's gold reserves rose in the month of AugustCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Lire la suite »
Crypto SWOT: Riot Platforms earned $31.7 million from power credits during Texas' August heat waveCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Lire la suite »
Miner's Drilldown: Weekly technical analysis of the top 10 gold and mining stocksKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Lire la suite »
European shares hit 1-week high on China optimism; focus on US CPI, ECB meetKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Lire la suite »
Sterling gets a lift from dollar's decline vs yenKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Lire la suite »
Futures advance on Tesla boost, inflation data in focusKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Lire la suite »