Money Managers Reverse To Net-Short Position In Gold In Countdown To FOMC – CFTC Data
Large speculators flipped to a net-bearish position in gold futures for only the second time ever in one Commodity Futures Trading Commission report, while further slashing their net long in another, according to the most recent data compiled by the go…
Read moreSales Of U.S. Existing Homes Fall 3.4% To 5.36 Million Rate In October
Sales of previously owned U.S. homes fell by 3.4% in October to a seasonally adjusted and annualized pace of 5.36 million, according to a report released Monday by the National Association of Realtors.
Read moreTechnical Trading: Gold Traders: Beware Of Stop Running In Thin Holiday Week
Gold prices are heavy in early trading Monday. The market is pressing lower as the bears eye a retest of the $1,062.00 per ounce level, the contract low for Comex December gold futures.
Read moreGold Weaker Amid Bearish Outside Markets; Silver Hits 6-Year
Gold prices are moderately lower in early U.S. trading Monday and hovering not far above last week’s 5.5-year low.
TD Securities: Gold May Start 2016 Under Pressure, Then Recover
TD Securities looks for gold to remain under pressure early in 2016 before bouncing from the lows, listing a full-year average price forecast of $1,131 an ounce.
Read moreRaw Commodity Markets Being Punished
The key “outside markets” on Monday morning are fully bearish for the raw commodity sector, including the precious metals.
Read moreThe 6PM Recap With Gary Wagner: Holidays On Deck As We Watch The Beginning Of Quieting In Some Markets
Thanksgiving Day itself is a full on market-closed holiday, but between the run up and the lethargy of the day after, don’t expect much from New York or Chicago.
Confessions of a Gold Analyst: How Surprise News Events Affect Market Prices
My heart goes out to the innocent victims of the bombings and attacks in France. Unfortunately, events like this have occurred throughout human history, and, sadly, will likely continue to happen.
Read moreUS GDP Data, Oversold Conditions To Drive Gold During Short Holiday Week
Gold prices closed moderately lower for the week, pressured by this week’s main event -the release of the U.S. Federal Open Market Committee (FOMC) October 28 meeting minutes.
Read moreMain St. Predominately Bearish On Gold While Wall St. Sentiment Remains Mixed
After hitting a 5.5-year low Wednesday, gold prices seemed to trade moderately higher Friday. However, most retail investors remain bearish on the metal’s price for the week ahead while market professionals seem undecided, according to Kitco’s Weekly Gold Survey.