All investors should be as ready to buy the $3500-$3200 zone on a drop into it as for the $4900-$4700 and $5600-$5400 zones, on a drop into either of those.
Gold surged 3.4% following the Democratic Party's sweep of both chambers of Congress in the U.S. midterm elections, marking its largest single-day gain since August...
Ira Epstein discusses the current state of the metals market in his video, highlighting a positive bounce in metals driven by potential diplomatic resolutions between the US and Iran.
Now we enter a more positive seasonal period for gold and silver. But hold on – we are not out of the woods yet. Indeed, we would not be surprised if we continue a choppy pattern...
Next week is highlighted by October inflation at both the retail level (CPI) and its leading wholesale level (PPI). And by consensus, both measures are expected to actually have cooled: But we’re looking for Gold and Silver not to cool!
These midterm elections didn’t have significant fundamental implications for gold. It simply rebounded off its futures floor, and such futures-fueled rallies tend to grow large.
Amid stock market stress, gold has a chance right here and now to reassert macro leadership, keeping SPX neatly below its Dome of Doom. The precious metals complex has been quite oversold of late and was due for a rally.
