Advice For FOMC: Play The Range – TD Securities
With the FOMC monetary policy statement looming in front of markets, Steve Scacalossi, director, head of sales and global metals at TD Securities, says the best approach for traders appears to be playing the current range in gold and silver. “Look for support at $1180 and resistance at $1230 for gold and $15.20 support and $16.60 resistance in silver,” he says.
Fortuna Silver Confirms San Jose Mine Expansion To 3,000 TPD
Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) will be expanding its San Jose Mine throughput capacity from 2,000 tons per day to 3,000 tpd in 2015. “With the approval of these two key projects, we are positioning our company to increase annual consoli…
Read moreWyckoff’s Two Key Markets That Will Impact Gold In 2015
(Kitco News) – A discussion on the future direction of gold and silver prices cannot be complete without including analysis of the “outside markets” that so heavily influence the metals markets.
PGMs Seen Gaining Upward Momentum By End Of 2015; More Supply Deficits Expected
Platinum group metals might start slowly but eventually should gain upside momentum in 2015, with most analysts expecting rises for the year.
Read moreU.S. CPI Falls 0.3% In November
(Kitco News) – Weaker oil prices appear helped to push down consumer price pressures last month, according to the latest data from the Department of Labor.
Read moreGold Firmer on Corrective Bounce; FOMC On Deck
Gold prices are modestly higher in early U.S. trading Wednesday, on a corrective rebound from the selling pressure seen Tuesday. Some position squaring is also seen ahead of the conclusion of the FOMC meeting Wednesday afternoon. There is some safe-haven demand for gold amid this week’s steep slide in the Russian ruble. February Comex gold was last up $6.90 at $1,201.20 an ounce. Spot gold was last up $5.50 at $1,201.00. March Comex silver last traded up $0.153 at $15.905 an ounce.
The 6 PM Recap With Gary Wagner: Losing Their Cool
Like so many of the markets, gold seemed befuddled today. Lowering volume, choppy trading that surged then receded, and indecision based on flying rumors about what the Fed might or might not do, hampered gold.
Read moreHow “Green” is Lithium?
The market for battery electric and hybrid vehicles is growing slowly but steadily – from 0.4% in 2012 to 0.6% in 2013 and 0.7% in 2014 (year-to-date) in the United States alone.
Royal Canadian Mint Sees Robust Silver Demand
The Royal Canadian Mint is the second organization in as many weeks to highlight strong demand for silver bullion coins.
Read moreGold Ends Mixed But Nearer Daily Lows in Active and Choppy Trading Session
Gold futures prices ended the U.S. day session lower, with the spot, or cash, market finishing with slight gains. Prices fell back below the key $1,200.00 level, in a volatile day that saw prices trade both sides of unchanged. Safe-haven demand early …
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