Speculators Help Push Gold Net Long Position To August High

Net-long positions in gold futures hit their highest level since August due to a mix of renewed investor interest and short-covering, according to data from the Commodity Futures Trading Commission.

Barclays: Silver Could See Renewed Pressure As ETPs Are Cash Negative

Although gold prices appear to have found a floor in the market, silver has not been as lucky, analysts at Barclays say. “Silver prices have bounced back above $17/oz, but in our view, despite short-term sentiment improving, prices are yet to find a solid floor,” they say. The analysts explained that looking at Exchange-Traded Products, investment demand for silver has held up better than gold in 2014, but it could only be a matter of time before investors sell their unprofitable silver investments. From a price perspective, Barclays says that they don’t expect to see more redemptions of gold ETPs unless the price breaches $1,000 an ounce. “In contrast, the bulk of silver ETPs are currently cash negative, with the most of the metal held in trust accumulated above $20/oz representing the late money investment,” the analysts say. “ETP holdings have been much more robust even as prices have fallen. In our view, this continues to make silver vulnerable to further downside, particularly as there have been a limited number of production cutbacks in light of lower prices.”

Silver Seen Starting Slow, Then Gaining Speed Toward End Of 2015

(Kitco News) – Silver could struggle in the early part of 2015 as markets continue to factor in expectations for Federal Reserve tightening and as growth in industrial demand remains constrained by soft economies in other parts of the world.

Technical Trading: It’s Fed Week, Here’s What You Need To Know About Gold

The U.S. Federal Reserve is set to meet this week, with a statement and press conference on Wednesday afternoon. There are many questions swirling around the markets including: Will the Fed remove the “considerable time” language in reference to the t…

Empire State Manufacturing Index Drops To Negative 3.6 In December, First Time In Two Years

(Kitco News) – The manufacturing sector in the New York region remains volatile as the Empire State manufacturing survey showed that business conditions are deteriorating in December, completely reversing some of November’s gains.

Gold Lower as Stock Markets Rebound, U.S. Dollar Firmer

Gold prices are moderately lower in early U.S. trading Monday, pressured by the bounce in world stock markets to start the trading week. The higher U.S. dollar index on this day is also a bearish outside market force working against the precious metal…

PRECIOUS-Gold slips 1 percent as dollar firms before Fed meeting

LONDON, Dec 15 (Reuters) – Gold fell 1 percent on Monday, after posting its biggest weekly gain in two months, as the dollar firmed before a Federal Reserve meeting that could provide clues on the timing of a possible interest rate rise by the U.S. cen…

Gold, Silver Start Week Under Modest Pressure

(Kitco News) – The gold and silver market is under some modest pressure at the start of the week but still holding above the key psychological area of $1,200 an ounce.

The 6 P.M. Recap With Gary Wagner: The Next Sound You Hear

Traders and investors are running toward the exits. There is a combination of reasons for this not least among them the imminent approach of the big fat holiday season and the end of the year book balancing dance.

Peter Schiff’s New Year’s Resolution And His 2015 Investment Strategy

This feature was a fan favorite last year so we brought it back as a 2015 outlook centerpiece. Kitco News will be running a Friday feature that will showcase investment gurus’ top investment picks for the coming year. A new expert will be unveiled eve…

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