Silver pushes above $50: What’s next for the precious metal?
(Kitco News) – In what has been an unprecedented rally, investors are celebrating another major milestone in the precious metals market, with silver pushing above $50 an ounce to new record highs.
Read moreProfit-taking pressure hits gold, silver
(Kitco News) – Gold and silver prices are solidly down near midday Thursday. Profit taking and weak long liquidation from the shorter-term futures traders are featured following recent gains that pushed gold to a record high Wednesday and silver to a 1…
Read moreBrazil buys 16 tonnes of gold in September as central bank demand stays strong
(Kitco News) – Central bank demand has been a critical factor behind gold’s unprecedented rise to record highs above $4,000 an ounce.
Read moreGold isn’t overbought according to ETFs and futures, but other metrics suggest peak price – ByteTree’s Charlie Morris
(Kitco News) – With gold trading above $4,000 this week, many investors and analysts are asking whether the yellow metal is overbought and the top is in. And while the ETF and futures markets suggest that gold prices still have plenty more upside, other metrics are sounding the alarm, according to Charlie Morris, founder and Chief Investment Officer at ByteTree.
Read more‘We’re in the Early Phases’ of a 2-3 Year Gold Bull Run, according to Pontius
(Kitco News) – Veteran geologist Jeff Pontius says the gold sector is entering a new phase of discovery and consolidation as exploration spending rebounds and quality assets attract fresh capital. Speaking with Kitco Mining’s Digging Deep, the former Corvus Gold CEO predicts that mid-tier producers “might be the ones that are the real driving force in M&A going forward in the next two or three years.”
Read moreBitcoin October 9 daily chart alert – Bullish pennant pattern forms
(Kitco News) – Thursday, October 9–October bitcoin futures prices are weaker in early U.S. trading Thursday. A bullish pennant pattern has formed on the daily bar chart after prices Monday hit a contract/record high.
Read moreGold market analysis for October 9 – key intra-day price entry levels for active traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Read moreModest price pressure on gold, silver amid routine profit taking
(Kitco News) – Gold and silver prices are weaker in early U.S. trading Thursday, with profit taking from the shorter-term futures traders featured following recent gains that pushed gold to a record high and silver to a 14-year high on Wednesday.
Read moreEven with gold’s momentum, a 5% or 10% correction can happen Natixis’ Dahdah
(Kitco News) – The world is taking notice of gold’s monumental achievement as prices continue to push above $4,000 an ounce. However, one of the first analysts to call this milestone is now warning investors to exercise some caution.
Read moreWeak jobs market forced Fed to act despite high inflation, but fast cuts could threaten price stability – Fed Minutes
(Kitco News) – The Federal Open Market Committee (FOMC) saw a weakening labor market as taking precedence over still-high and rising inflation, but expressed concerns that cutting too quickly could cause inflation expectations to become unanchored, according to the minutes of the Federal Reserve’s Sept. 16-17 meeting released Wednesday afternoon.
Read more