Gold is trying to break out as the patterns remain bullish and the gold stocks are leading. Oil is still consolidating but is not showing signs of breaking down..
Zimbabwe’s mining industry sees a funding shortfall of $10 billion over the next five years, a challenge compounded by erratic power supplies and exchange-rate volatility.
As of this moment, there are no upside daily limits as to how high gold and silver prices can rise in the COMEX futures market. In gold, 5 U.S. banks are net short 71,460 COMEX contracts in the April BPR. That's the fourth month in a row...
The gold market is holding on. FOMC minutes came out with hawkish tightening and the markets are digesting it. The big question now is can the economy deal with QT..
Fed officials "generally agreed" to cut up to $95 billion a month from the central bank's asset holdings as another tool in the fight against surging inflation.
