Gold, Silver & Other Precious Metals 16 (Aug 17 - Apr 19)

Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Mon Jan 28, 2019 8:40 am

Gold: 1298.10, +18.30.

After falling to the 20 day EMA early week, XGLD surged Friday to the upper trendline of the large triangle.
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby investar » Fri Feb 01, 2019 4:38 am

Interesting link: Gold demand trends of the last year

https://www.gold.org/goldhub/research/g ... -year-2018

Annual gold demand gained 4% on highest central bank buying in 50 years
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby investar » Sat Feb 02, 2019 4:42 am

GS analyst has target price of 1450$:

https://warriortradingnews.com/2019/01/ ... this-year/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Mon Feb 18, 2019 8:26 am

Gold: 1322.10, +8.20.

Gapping and rallying off the 2.5 week lateral move over the 20 day EMA.

Looks as if gold could be making that new move higher.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Mon Feb 25, 2019 8:32 am

Gold: 1332.80, +5.00.

Gold broke to a higher high Tuesday then gave it up.

Held at the 10 day and rebounded from there.

Still looks in position to continue higher.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Wed Feb 27, 2019 1:53 pm

Gold

Most attention when it comes to the metals segment of the commodities market goes to gold. As one of the most popular hedges to market volatility and inflation, gold tends to perform well when investors get nervous about the future.

With the increased activity in the M&A market within the precious metals area, investors are starting to pay closer attention because it could be a leading indicator of a continued move higher.

Followers of technical analysis will often look to exchange-traded products such as the SPDR Gold Shares (GLD) for insight into the future direction of the market.

As you'll find below, the price of gold has been trading within a confined range shown by the two dotted trendlines. Active traders will likely use these guides to determine the placement of their buy and stop orders.

Furthermore, the recent crossover between the 50-day and 200-day moving average, known as the golden cross, is often used to signal the beginning of a long-term uptrend.

Given the occurrence of this popular buy sign, it wouldn't be surprising to see traders ready themselves for adding to their position in a pullback.

Source: Investopedia

https://www.investopedia.com/3-charts-t ... yptr=yahoo
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Wed Feb 27, 2019 1:55 pm

Platinum

As the rarest of the precious metals, platinum often appeals to active traders as the purest way to trade increased attention in metals.

Based on the chart of the ETFS Physical Platinum Shares (PPLT), the most common ETF used as a barometer for tracking the price of physical platinum, you can see that the price recently broke above the combined resistance of two trendlines and its 200-day moving average.

This extremely strong reaction to key technical levels suggests that the bulls are in control of the momentum and that prices could be poised for a significant run higher.

Some active traders will likely set their target prices near the 2018 highs around $95.

Source: Investopedia

https://www.investopedia.com/3-charts-t ... yptr=yahoo
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Mon Mar 04, 2019 7:56 am

Gold: 1299.20, -16.90.

Gold plunges to the 50 day MA as this inflation measure falls sharply along with bonds.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Mon Mar 11, 2019 9:13 am

Gold: 1299.30, +13.20.

Bouncing back after the late February flop and lateral move this month. Still below the 50 day MA. Bearish pattern has formed after that higher high mid-February.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby investar » Sat Mar 16, 2019 5:12 pm

https://www.ft.com/content/1cb92e5a-43e ... a37d002cd3

China doubles down on gold in shift away from dollar

China’s push to boost its gold holdings could see the country challenge Russia as the most aggressive buyer of the precious metal this year. The country’s central bank, the People’s Bank of China, has bought about 32 tonnes of gold in the past three months. If it keeps purchasing at that rate, China would surpass Russia and Kazakhstan, leading buyers in 2018 which have tapered their acquisitions recently. Source: Financial Times
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