The 6PM Recap With Gary Wagner: Christmas Rally Comes In Lively And Quick
Oil may be reflecting some underlying strengths in the American economy today, and ignoring longer-term oversupply issues. At least for now.
Read moreGold Weaker as Firmer U.S. Dollar Index Trumps Higher Crude Oil Prices
Gold prices ended the U.S. day session modestly lower in quiet trading activity Wednesday. The key “outside markets” were mixed on this day, but the stronger U.S. dollar index (bearish) won out over higher crude oil prices (bullish) as the precious metals could not find much buying interest.
Expect More Pain For Gold In First Half Of 2016 – Veteran Trader
The second half of 2016 may be positive for gold but the metal will first need to see a final wash out, said Vince Lanci, Managing Partner of Echobay Partners.
Read moreU.S. New Home Sales Rise 4.3% In November
(Kitco News) – U.S. consumers continued to buy new homes last month, albeit at a slower pace than expected, according to the latest data from the U.S. Commerce Department.
Read morePGMs Seen Starting 2016 On ‘Bumpy’ Road Before Finding Smoother Travel
Investors with a longer-time horizon who can stomach a “bumpy” ride might be able to benefit from price appreciation in platinum group metals during 2016, analysts say.
U.S. Durable Goods Unchanged In November
(Kitco News) – The U.S. manufacturing sector lost some momentum last month, relatively in line with expectations, according to the U.S. Department of Commerce.
Read moreGold Weaker on Technical Selling Amid Lack of Fresh News
Gold prices are modestly lower in early U.S. trading Wednesday.
Read moreOsisko Receives First Gold Shipment From Eleonore Royalty
Osisko Gold Royalties Ltd. (TSX: OR) reports that it has received its first shipment of gold from the royalty on the Eleonore Mine operated by Goldcorp. Sean Roosen, board chair chief executive officer of Osisko, says “delivery of these ounces marks a major milestone in the evolution of the Eleonore gold property.”
A Final Washout For Gold Before Brighter Outlook; Silver a Great Bet – Vince Lanci
With struggling metals prices, the main themes over the past year in the mining industry have been more cost cutting and mine closures, but one famed geologists seems a little more optimistic for 2016.
Read moreGold Weaker On Technical Selling Amid Lack Of Fresh News.
Gold prices are slightly lower in early U.S. trading.
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