Latest News and Articles
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2024 in Review: The Performance of Precious Metals
In a year marked by significant global economic shifts and geopolitical uncertainties, gold has emerged as the standout investment of 2024. Gold outperformed stocks, bonds, and other commodities. After starting the year at $2,050, the precious metal delivered a remarkable 33% return that surpassed both the S&P 500 and traditional fixed-income investments. *As of…
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Gold Market Report – June 07, 2024
Overnight: After edging up to a high of $2388 during early Asian hours against early US dollar weakness (DX dip to 104) gold plunged. It broke support at $2350-53 (6/6 low, options), $2342(50day MA) fell to $2332 where support there ($2332-34, 5/13, 5/14 lows) held. It fell on the report that China’s Forex Reserves showed…
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The Dual-Value Proposition of Silver: Stability and Speculative Gains
Dare to Diversify: The Compelling Case for Long Term Silver and a Side of PopBunker Hunt was a Texas oil tycoon with a larger-than-life persona and an ambition to match. Bunker, along with his brother Herbert, attempted what no one else dared: they set out to corner the global silver market. Born in 1926 into…
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Gold Market Report – May 22, 2024
Overnight: After surging to a fresh ATH of $2450 last Sun eve, gold continued its pullback last night. It traded lower in a range of $2426 – $2406, and found support at its prior 2 session’s lows ($2406, $2408, 5/20, 5/21 lows). While gold largely ignored steady / firmer US Dollar and bond yields on…
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Gold Market Report – May 15, 2024
Overnight: Gold was a little choppy last night, awaiting today’s key US CPI and Retail Sales readings. It traded in a range of $2355 – $2374, largely fading movement in the US Dollar. The yellow metal advanced to its $2374 high during Asian and early European time, where it was capped by resistance there ($2373-79,…
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Gold Market Report – May 13, 2024
Overnight: After surging from $2304 to a 3wk high at $2360 (resistance at down trendline from 4/12 $2432 ATH held) in its last 2 sessions, gold pulled back overnight. The yellow metal retreated in a range of $2365 – $2339, and fell below Friday’s $2345 low. Gold’s decline was buffered by a modest decline in…
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Gold Market Report – May 09, 2024
Overnight: Gold was fairly steady overnight and traded narrowly between $2307 – $2320. The yellow metal was largely able to shrug off some potentially bearish developments, and find support ahead of yesterday’s $2304 low: Weaker equities were gold supportive, however, with S&P futures off 18 to 5195. Losses at Arm (guided lower), Airbnb (disappointing guidance),…