The ‘Edition’ Apple Watch To Contain Half Ounce Of Gold
The Apple mystique is still alive – despite being late in the smart watch market, the company’s “Apple Watch” has become the perhaps most anticipated product launch of the year. Gold investors are eyeing the line of “Edition” gold watches in particular. Much speculation is taking place on if and to what extent the gold watch will upset gold prices. Will it?
Gold Ends Weaker As U.S. Dollar Shows Powerful Rebound
Gold prices ended the U.S. day session moderately lower Monday as a solid rally in the U.S. dollar index the past week has the precious metals markets once again on the defensive. June Comex gold was last down $4.90 at $1,199.70 an ounce. May Comex si…
Read moreThe Worst May Be Over For Gold – BoAML
Bank of America Merrill Lynch analysts say they still think the worst is over for gold. “We believe the upcoming Fed rate hike is the only major obstacle to sustained price rises,” they say in a report Monday. “While a normalization in rates is likely, aggressive rate hikes are not our base case, which is a reason we believe the worst may be over for gold after the dreadful price collapse in 2013 and muted price movements in 2014,” they added. Although the U.S. economy seems to be moving forward, the analysts say it may not be all “hunky dorey” and therefore they expect delayed and more muted rate hikes, which would help gold break our of recent ranges. “We believe the metal could rise to $1,500/oz by 2017,” they say.
Speculative Long Gold Positions Increase For Third Straight Week – CFTC
(Kitco News) – According to some analysts, the latest data from the Commodity Futures Trading Commission (CFTC) shows that short-term traders jumped back into the gold market, boosting speculative long positions for the third consecutive week.
Read moreRefile: More than 50% of Americans Think Tax System Needs An Overhaul – Pew Research
(Kitco News) – With Tax Day quickly approaching, Americans will have much to say about the tax system, and one research firm finds that more than half think the Federal Tax system is in need of a complete overhaul.
Read moreSilverCrest Hits Record Q1 Silver Equivalent Production
SilverCrest Mines Inc. (TSX:SVL)(NYSE MKT:SVLC) produced a company record 1,349,527 silver equivalent ounces in the first quarter of 2015, a 92% increase year-on-year.
Read moreGold Stuck In Short-Term Holding Pattern
(Kitco News) – Comex June gold futures are modestly weaker in early trading Monday, but the near term trend bias is neutral for now. Gold bulls have turned back from strong short-term resistance in the $1,223-1,225 per ounce in recent days and that zone remains critical to monitor on the upside.
Alamos, AuRico To Merge For $1.5 Billion
(Kitco News) – The companies will combine their operations, with Alamos’ Mulatos mine, located in Sonora, Mexico, and AuRico’s Young-Davidson mine, located near Kirkland Lake, as the flagship assets in the deal.
Stronger U.S. Dollar Continues to Pressure Gold
Gold prices are moderately lower in early U.S. trading Monday as a solid rally in the U.S. dollar index once again has the precious metals markets on the defensive.
Read moreThe 6PM Recap With Gary Wagner: A Rare Occurrence
Every once in a while it seems as though the stars align and the outcome is an unusual occurrence. After witnessing today’s trading activity a case could be made for today’s rare occurrence. Typically one sees a negative correlation between certain markets. Rarely do you see them all move in tandem. That is certainly not the case today.
