Market Updates

Gold update: first counter trend bounce

By Gary Savage

Gold fake-out bounce then one more shakeout drop. Dont get caught in the daily charts. Stick with weeklys.

Precious Metals Update Video: Silver held a key support

By Ira Epstein

Short covering was likely going on, pros stepping in as the 100-dma was hit in gold and silver. Bollinger band support is there too.

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

By Chintan Karnani, Insignia Consultants

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

By Ira Epstein

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

By Rambus, Chartology

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

By Ira Epstein

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

Asian Metals Market Update: US Dollar vs Virus Battle

By Chintan Karnani, Insignia Consultants

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.