Bitcoin September 5 daily chart alert – Bulls having the better week
(Kitco News) – Friday, September 5–September bitcoin futures prices are firmer in early U.S. trading Friday. Prices this week have traded sideways, which means the bulls have stabilized the market following a downtrend.
Read moreGold market analysis for September 5 – key intra-day price entry levels for active traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Read moreGold prices to average Q4 around $3,700 after breakout rally – Standard Chartered’s Suki Cooper
(Kitco News) – Gold’s breakout rally above $3,500 an ounce has pushed the market into overbought territory; however, prices still have room to move higher as uncertainty continues to dominate sentiment in the global marketplace, according to one market analyst.
Read moreBeaty calls gold rally a ‘secular breakout,’ warns against ‘addictive’ M&A hype
(Kitco News) – In a wide-ranging interview, iconic mining entrepreneur Ross Beaty declared the current rally in resource equities a long-term “secular breakout” and advised investors to hold their positions.
Read moreGold and silver will outperform even strong equities in a low-rate market – Wells Fargo’s Samana
(Kitco News) – The resumption of the Fed’s cutting cycle means all systems are a go for risk assets, but gold and silver should outperform even a hot equity market in a lower-rates environment, according to Sameer Samana, head of Global Equities and Real Assets at Wells Fargo Investment Institute.
Read moreAn insider is warning that a silver price shock is incoming as ‘insatiable’ physical demand continues to drain global supply
(Kitco News) – For long-term silver investors frustrated by past rallies that failed to hold their gains, a top industry insider argues that the market has fundamentally and structurally changed.
Read moreGold at $3,500 still has plenty of value as uncertainty dominates financial markets – State Street’s Aakash Doshi
(Kitco News) – Gold has surged to record highs above $3,500 an ounce, and the rally still has room to run as global uncertainty continues to drive demand, according to Aakash Doshi, Head of Gold Strategy at State Street Investment Management.
Read moreGold, silver down on profit taking; U.S. jobs report on deck
(Kitco News) – Gold and silver prices are lower near midday Thursday, on routine profit taking from the shorter-term futures traders after gold scored a record high and silver a 14-year high on Wednesday.
Read moreGold remains in a bullish uptrend, but don’t forget to take profits: TDS books $3m in tactical long trade
(Kitco News) – The Federal Reserve’s monetary policy shift – signaling impending rate cuts even as inflation remains elevated – has sparked renewed interest in gold. However, the precious metal’s breakout rally is also attracting some profit-taking.
Read moreSpot gold drops below $3,540/oz after ISM Services PMI rises to 52 in August
(Kitco News) – The U.S. service sector strengthened last month with business activity improving and price pressures easing, though employment declined further and tariff worries persist, according to the latest data from the Institute for Supply Management (ISM).
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