Skip to main content

Market Updates

Keep Your Eye on EIA Petroleum Stock

You're looking at the $2027-2023 area and if you get over that high, you're no longer in the downtrend. Here's your battleground; the pros are probably selling against this $2039 level that we've talked about.

FOMC Minutes and NVIDIA Earnings After Market Close

The swing light is still down, with lower highs and lower lows, and lo and behold $2039.70 – the 18-day average. So, what I was looking for happened.

Gold SWOT: Palladium and Silver Are Doing Well

Bloomberg reported U.S. January retail sales and weekly jobs claims came in softer-than-expected and gold got a nice lift at the end of the week, but not enough to flip in a positive rise in price like the other precious metals.

Technical Scoop: Vibrant Inflation, Rising Oil, Possible Turn

Gold fell then bounced back and silver leaped. Gold needs to take out $2,050, $2,060, $2,080, and $2,100 to convince us we are moving higher.

Copper, This Dog Will Hunt

Historically, when the copper-gold ratio and the 10-year yield diverge, the 10-year tends to follow the ratio. For example in the third quarter of 2022, yields moved higher while the copper-gold ratio moved lower.

Gold Stocks: The Charts Are Impressive

I am close to getting a major SGS system buy signal for the precious metals sector and charts like Barrick are definitely impressive! We will be significant buyers of the miners if we get the signal.  

More Gold Slippin’ as Inflation Renews Rippin’

Gold is testing the support structure of 2020-1936, the low this past week already having reached down to 1996.

Dollar Throttling Gold

The US dollar is still throttling gold. For years, gold has tended to rally when the USDX is weakening and vice versa. The dollar is affected by changing Fed rate odds.

CT PPI Will Rule Trade

What I can tell you in looking at the chart, it's a bear slope in the market. I can also tell you you've got a pattern that's very clear of lower highs and lower lows – that is bearish.

Subscribe to Market Updates

Newsletter Signup

GoldSeek Free Newsletters
GoldSeek Daily Edition
Gold & Silver Seeker Report
Gold Seek -- Peter Spina