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Market Updates

Asian Metals Market Update: China is closed from 1st October to 7th October

US durable goods numbers is the only US economic data release today. Big US economic data releases is on 30th September. (Q2 US GDP, September ADP job numbers among others) and also on 1st October and 2nd October.

Precious Metals Update Video: Gold at a key support

The rising Dollar is a major enemy to metals MAJOR Washout in Silver. Gold is at key supports: 100-dma and Bollinger band supports.

PM Trading Range Doing It’s Job to Confound Bulls and Bears Alike

The trading range on the HUI and other PM stock indexes continues its job of confusing both the bulls and bears alike.

Precious Metals Update Video: Gold, many battles

Gold has not yet broken the trading range, if it does then $1850 area:

Asian Metals Market Update: US Dollar vs Virus Battle

In the second half of September fears of a big second wave of coronavirus in Eurozone and UK has resulted in gains for US dollar Index, sell off in gold and silver and rise and slight rise in US bond yields.

Gold $1788: A Key Price For Investors

As gold rallied into the $2000 round number resistance area, I asked investors to prepare for a pullback to my key buy zone at $1788.

Gold Update: Recognition Day

We are now in the declining phase of the intermediate cycle. This means pros will sell into rallies in the short-term. Video Update

Precious Metals Update Video: Summer Ends and Markets Fall

Summer over, Fall underway and markets fell.  Gold still within the range, holding the August low. Bears have control at the moment.

Gold SWOT: Gold Miners Boost Dividends on Heels of Higher Metal Prices

Russia is considering raising mineral-extraction taxes on mining companies to narrow a budget deficit of 4 percent of GDP, reports Bloomberg. The Finance Ministry proposed more than tripling taxes for extracting most metal and fertilizers for next year. This is a threat to Russian mining companies and would increase costs.

There Is Still More Room To The Downside In The Coming Weeks

In the meantime, for all of you Fed-followers, not only did they state their intentions to keep rates near zero for the next three years, but they even significantly increased their buying this past week to $68 billion in open market operations.

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