Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past two weeks. • Base metals: Lead prices rose to $1981 per tonne • Energy metals: Li Carbonate prices dropped 0.8% in the past two weeks • Precious metals: Gold prices rose 3.5% to $2875 per oz • Bulk commodities: Iron ore prices rose 1.4% in the past two weeks Spot Price Snapshot Key Price Moves Spot gold rose by 3...
$Gold Futures(JUN5) (GCmain.US)$remained around $2,690 per ounce on Monday, January 13th, holding near its highest level in nearly four weeks. The price of gold achieved a four-week winning streak last week, closing up 1.88% at $2,689.60 per ounce, marking the longest rising trend in over a month. Despite the continued strength of the US dollar and the persistent rise in US Treasury yields, gold has still managed to rise against the trend...
Should I buy gold stocks now, that keep hitting new highs? Why gold could rally 60% to a new high and hit $3,944 Well, well, the gold price hit a new record. It's up 25% in a year and once it punches through $2500, it will probably keep rising as central banks keep buying more gold. Why are banks buying gold? Central banks around the world are reducing the amount of US dollars they hol...
151453268 witso
:
wow jess you like the shiny stuff too, your posts are always on point and timely . American interest rate direction and the gold price are closely tied particularly as you said about the state of dollar. There are so many factors providing a tail wind for gold some obvious like the oil price some not so obvious but definitely in play like China, Russia and the Saudi,s toying with a new currency to do business with and buying bulk gold possibly to bankroll it off . Their has to be a great recipe for gold and your insight is definitely part of it
G'day, mooers! Check out the latest news on today's stock market! • Third day of US index records • ASX opens higher before jobs data; Sigma falls • Stocks to watch: ASX, Sigma Wall Street Summary The$S&P 500 Index (.SPX.US)$climbed to a new high, breaking above 5,400 for the first time on Wednesday, following the Federal Reserve's latest policy announcement and May's inflation data, which indicated a reduction in pricing pressure. ...
Considering historical trends and recent performance, gold-mining shares could outperform gold bullion in the near future. ETFs like VanEck Gold Miners ETF GDX and VanEck Junior Gold Miners ETF GDXJ may offer a leveraged bet on gold-mining shares.
Markets are rejoicing the Fed is done with hikes, now bets skyrocket that the Fed can move to a cutting cycle. The 'bullish tone' seems validated for now, but before we 'pass go', with the December effect beckoning the best month for equity returns, markets need to pass through a few hoops this week. We cover the speed bumps to watch, but importantly why US equites, Bitcoin and Gold will likely continue to rally this...
The three months to 31 March was a relatively volatile period for ASX shares, on account of geopolitical tensions, rising inflation and expectations of potential interest rate hikes. Stocks struggled even as the ASX 200 Index ended up with gain of 0.7% for the quarter. ETFs delivered strong returns during the March quarter. Now it's time to check out the 3 best-performing ASX ETFs of the quarter. 1.$VanEck Gold Miners ETF (GDX.AU)$ VanEck Gold Miners ...
Not sure which way the market is going? Unsure of what assets will perform best? Worried about how world events will effect your assets? Let me introduce you to the safe breakout asset of the year... GOLD!!! The chart: here are monthly charts going back to 2005. This is a GIANT cup and handle starting at the 2011 high to the 2020 high and retraction (consolidation) There is no timeline for a breakout; any day, a month, 6 months? no one knows, but it's coming and it's ...
8
2
2
Report
ColdJoke
:
recent month drop shows crypto is risky asset, weaker than weak currency like. So crypto will never replace gold as a reserve last forever. China is buy, Federal Reserve needs to buy!
chris from queens
:
people knew that Russia was gonna take over oil and use crypto instead of the dollar...that's before they did some silly shit and ruined their economy..so alot of people will stick with what they know...GOLD IS STEADY!
Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry. Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry.
• Base metals: Lead prices rose to $1981 per tonne
• Energy metals: Li Carbonate prices dropped 0.8% in the past two weeks
• Precious metals: Gold prices rose 3.5% to $2875 per oz
• Bulk commodities: Iron ore prices rose 1.4% in the past two weeks
Spot Price Snapshot
Key Price Moves
Spot gold rose by 3...
Well, well, the gold price hit a new record. It's up 25% in a year and once it punches through $2500, it will probably keep rising as central banks keep buying more gold.
Why are banks buying gold? Central banks around the world are reducing the amount of US dollars they hol...
• Third day of US index records
• ASX opens higher before jobs data; Sigma falls
• Stocks to watch: ASX, Sigma
Wall Street Summary
The $S&P 500 Index (.SPX.US)$ climbed to a new high, breaking above 5,400 for the first time on Wednesday, following the Federal Reserve's latest policy announcement and May's inflation data, which indicated a reduction in pricing pressure. ...
ETFs delivered strong returns during the March quarter. Now it's time to check out the 3 best-performing ASX ETFs of the quarter.
1. $VanEck Gold Miners ETF (GDX.AU)$
VanEck Gold Miners ...
The chart: here are monthly charts going back to 2005. This is a GIANT cup and handle starting at the 2011 high to the 2020 high and retraction (consolidation)
There is no timeline for a breakout; any day, a month, 6 months? no one knows, but it's coming and it's ...
No comment yet