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Lumber’s Moonshot A Reminder Of Commodity Mkts’ Explosiveness, Including Metals

A look at the monthly continuation chart nearby lumber futures shows a nearly vertical price climb since the beginning of 2018, with another new record high scored Thursday.

This Is The Shining Star In The Precious Metals Market

(Kitco News) – It’s not all doom and gloom in the precious metals market as there is one metal that is significantly outperforming the sector.

Gold Weaker, But Selling Pressure Decreases As Bears May Be Exhausted

Gold prices are just slightly lower in early-afternoon U.S. trading Thursday.

Bitcoin Daily Chart Alert—Downtrend Has Bears in Control

(Kitco News) – Bitcoin-U.S. dollar prices are slightly higher in early U.S. trading Thursday. Bears still have the overall near-term technical advantage as a fledgling downtrend line is in place on the daily bar chart, to suggest the path of least res…

Gold Is Getting Closer To A Solid Entry Point

Gold Is An Attractive Investment, Just Not Now – Fund Manager

(Kitco News) – Gold is an attractive investment on the horizon, but there is no reason to jump into the market at this moment, according to one fund manager.

Philly Fed Survey Shows Strong Momentum In Manufacturing Sector

(Kitco News) – The manufacturing sector throughout the Philadelphia region is seeing significant positive sentiment, according to the latest data from the Philadelphia Federal Reserve.

Gold Still Softer After U.S. Jobless Claims Rise 11,000 To 222,000

(Kitco News) – Gold remained on the defensive after Labor Department data Thursday showed that initial weekly U.S. jobless claims rose by 11,000 to 222,000 in the week to Saturday. Comex June gold was last down $3.60 to $1,287.90 an ounce.

Gold Weaker, At 5-Mo. Low; More Downside Likely, Unless…

(Kitco News) – Gold prices are modestly lower and dropped to another five-month low in early U.S. trading Thursday. A strong U.S. dollar continues to cast a bearish shadow over the precious metals markets. June Comex gold futures were last down $3.30 a…

INTL FCStone: ‘Gold’s Technicals Continue To Deteriorate’

Gold has edged down to fresh lows for the year and is below the major moving averages, points out INTL FCStone.