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Market Updates

The Bull Commands it All For Now (SPX)

While I am quite cautious, I am not yet convinced that we are yet done with this topping process for the SPX.

Metals: A Number of FED Speakers Speak

I can see the action here isn't friendly; the market's got a pattern of a higher high and a lower low. It's trying to fight a battle between the 18-day average which it gave up today. Finally.

Gold Demand Hit a Record Last Year and Is Expected to Keep the Trend in 2024

Consumption of gold increased by about 3% to 4,899 tons last year, backed by buying in the over-the-counter market and by central banks worldwide, especially in China and Poland.

Technical Scoop: Magnificent Rise, Inflation Muse, Possible Bottoms ​

Oil in particular tanked while gold held together even as the other precious metals led by silver faltered. Both gold and oil continue to trace out potential bottoms.

Asian Metals Market Update for 5th February 2024

It will be difficult for spot gold to break $2100 before the end of the month. Consolidation period can continue for a much longer period than most of us expect.

Gold Gains Ground on Premium Sound

A week ago, Gold was languishing on a weekly basis, but on a daily basis ’twas set for some bounce.  And that’s exactly how Gold ventured through this past week as priced by the ounce. 

Gold Resists Fed Chair

Despite big reactions to this hawkish surprise in rates and stock markets, the US dollar didn’t surge and gold didn’t plunge. 

Metals: US Jobs Report Will Set The Tone for Everything

The battleground was at the 18-day average of closes. So I think it makes sense that traders are going to look on pullbacks for supporting the market, not to get back under the $2046.40 level, which was the low.

Market Now Focused on US Jobs Report

You have a higher high, you got up today to $2074.60, right now, you're back down from there already, $17. So, it was quite a slip back that you're seeing in the marketplace.

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