The 6PM Recap With Gary Wagner: Equities Uncouples From Oil As Gold Retraces Thirty Eight Percent from the Recent Rally and High
U.S. equities, however, ignored oil pricing, an unusual event, and investors nudged the Dow and S&P 500 up 1.15% and 1.40% respectively. The NASDAQ was up almost 2.00%
Did Investors Miss The Gold Boat?…Thanks Goldman Sachs…
Despite gold’s stellar performance last week, one commodity market strategist says investors may have already missed their shot to get into the market — at least for now.
Read moreGold Punishes Investors Who Are ‘Late To The Party’ – Strategist
Despite gold’s stellar performance last week, one market strategist says investors may have already missed their shot to get into the market
Read moreGold Sharply Lower on Profit-Taking, Better Risk Appetite; Bulls Appear Exhausted
Gold prices ended the U.S. day session solidly lower on heavy profit-taking and a corrective technical pullback from strong gains last week that saw prices hit a 12-month high.
Read moreThe Big Turnaround For Tech Metal Prices 2016? Part 2: Rare Earth Elements
(Kitco News) – The story of Rare Earth Elements (REE) is at the center of a sad and dirty chapter of the metals industry as it continues to see weak prices despite strong demand.
Read moreAnalysts Skeptical OPEC Production Agreement Is Game Changer For Oil Market
(Kitco News) – Gold continues to see further selling pressure Tuesday in part because of a modest boost in crude oil prices is helping to reduce fear sentiment in the market place; however, some analysts warn that it might too early to signal a recove…
Read moreHecla Mining Reports Record Silver Reserves For 10th Consecutive Year
Hecla Mining Co. (NYSE: HL) reports that exploration efforts have resulted in the 10th straight year of record silver reserves despite the use of reduced metals prices for the calculation.
Read moreGold Vulnerable To “Backing and Filling” After Parabolic Move
The gold market is sagging lower Tuesday as the market continues to “correct” following the parabolic rally move higher seen in recent weeks. Since the start of 2016, April Comex gold futures surged over 19% higher into the price peak at $1,263.90, hit…
Read moreBNP Paribas: ‘The Odds Of Another U.S. Recession Are 100%’
BNP Paribas says it’s only a matter of time before the U.S. undergoes another recession. “The odds of another U.S. recession are 100%; it’s just the timing that is unclear,” the bank says.
Empire State Manufacturing Index Bounces Off January Lows, But Still Firmly In Negative Territory At -16.6
(Kitco News) – The manufacturing sector in the New York region has managed to bounce off last month’s lows, but momentum was still weaker than expected, according to the latest data from the New York Federal Reserve.