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Where could gold prices go in 2024? Here's a quick look at the bull and the bear case for the metal.In 2023, gold’s performance was notable for several reasons. First, the price of gold climbed...
Since I wrote my last analysis, I find the gold bulls continued to face stiff resistance on Dec. 28, 2023, despite making the last attempt of the year to sustain above the immense resistance at...
Gold is about to end 2023 on a bullish note. Current technical setup is pointing toward another charge toward all-time highs. Fundamental factors, such as the macro environment and rising geopolitical...
Precious Metals have been strong this month and have metalheads excited for next year.One gauge that I use to highlight the strength of Gold is the ratio of the price of an ounce of Gold to the US...
Upon analyzing movements in gold futures in the wake of a bearish tone in Dollar Index futures following an extended weekend, it is evident that challenging times lie ahead for gold bulls striving to...
Since I wrote my last analysis on Nov. 29, 2023, Natural Gas futures were trading at $2.626, struggled to find a breakout above their immediate resistance at $2.858, but could not and started to slide...
It’s been a profitable year for the major asset classes, with a glaring exception: commodities. The general slide in prices of raw materials stands out in an otherwise rising tide for global...
Crude oil ended a seven-week decline last week, supported by easing demand concerns. Despite a shaky start this week, oil prices show potential for a bullish reversal, indicated by technical signals,...
Investors are getting excited about the Federal Reserve’s interest rate pause and a soft landing for the economy.Time will tell, but I do want to share with you a correlation that may be telling...
On analysis of the movements of the US Dollar Index futures, I find that the US Dollar is likely to regain a strong reversal from the first trading session of the upcoming week as the current sell-off...
For those who have followed our analysis, you will know that we look for a sweet spot where fundamentals meet technicals. As the developing nations of the world endeavor to replace fossil fuels with...
Since I wrote my last analysis, gold futures followed the dovish tone by the Federal Reserve but left the investors with hopes for a rate cut in March 2024.Despite Fed Chair Powell's comments...
The dovish comments from the Federal Reserve helped to improve sentiment yesterday, with gold prices recovering back to around US$2,030/Oz. Crude oil prices also gained on OPEC and EIA reports,...
An upbeat Fed meeting has dashed hopes of any imminent interest rate hikes. Federal Reserve's dovish tone yesterday has ignited a rebound in gold and silver prices. Gold has resurged above $2,000,...
Following Friday’s stronger US data, both gold and silver slumped to close the week sharply lower, even if the former had hit a new record high at the start of last week and the latter reaching...