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  • Gold Market Report – June 13, 2024

    Gold Market Report – June 13, 2024

    Overnight: Gold softened last night, trading lower in a range of $2323 – $2304.  It was hit with a wave of selling on the Chinese open, which took the yellow metal down to $2309 (silver also hit, knocked from $29.60 – $28.85).  A firmer US dollar also weighed on gold, with the DX moving up…

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  • Gold Market Report – June 12, 2024

    Gold Market Report – June 12, 2024

    Overnight: Gold was quietly steady with other markets last night, awaiting the double whammy of today’s US CPI Report this morning, followed by the FOMC announcement / Powell Presser in the afternoon.  The yellow metal was confined to a very narrow $7 range between $2311 – $2318, with a slightly down bias from the $2317…

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  • Gold Market Report – June 11, 2024

    Gold Market Report – June 11, 2024

    Overnight: Activity was light last night in all financial markets awaiting the release of the US CPI tomorrow morning and results of the FOMC meeting and Powell Presser tomorrow afternoon.  Gold was a little choppy but directionally lower and was confined to a range of $2298 – $2312.  However, the dip below $2300 was well…

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  • Gold Market Report – June 10, 2024

    Gold Market Report – June 10, 2024

    Overnight: Gold posted a modest rebound last night after Friday’s $80+ tumble from the news that the PBOC didn’t add to its gold reserves for the first time in 18 months, and the robust US Payroll Report that slashed hopes for early and deep Fed cuts to the funds rate.  After revisiting Friday’s $2287 low,…

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  • Gold Market Report – June 07, 2024

    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

    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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