|Day's range||1,326.60 - 1,332.00|
Zacks Industry Outlook Highlights: Alamos Gold, Richmont Mines, Barrick Gold, Franco-Nevada and Sandstorm Gold
The Bitcoin markets continue to sell off, as retail traders are getting pummeled. Currently, it looks very likely that we will continue to see the unwind of the massive uptrend, and it now looks as if the bubble has popped.
The S&P 500 went sideways during most of the session on Wednesday, as we continue to see a lot of volatility. The 2800 level course has offered resistance, so I think that breaking above there is a very bullish sign, specially make a fresh, new high.
Goldcorp's (GG) preliminary full-year 2017 production results exceed its earlier guidance. Also, the company remains on track to achieve its 20/20/20 plan.
Zacks Industry Outlook Highlights: Barrick Gold, Franco-Nevada, Sandstorm Gold, Asanko Gold and Pershing Gold
Ethereum traders sold during the open on Tuesday, drifting the market down to the $1000 level, which of course is a very significant level. I think that the market will continue to be noisy, as the market has a lot of things to consider when it comes to where crypto currencies are going next, and of course the US dollar did gain a little bit of traction in the Forex markets, which of course works against the value of crypto currencies. The fact that we bounce from the $1000 level is crucial, because that market being broken to the downside would almost undoubtedly release a flood of selling.
The BTC prices moved lower during the last 24 hours as the reports of shutdown of South Korean exchanges continues to haunt the markets
Ethereum markets went sideways during the session on Friday, but that’s not a huge surprise as Americans were away at holiday, from the Martin Luther King Jr. celebrations. With this in mind, we do have significant support below, especially near the $1280 level, and the uptrend line that I see just below.
The Santiago, Chile-based company said it had a loss of less than 1 cent on a per-share basis. The gold mining company posted revenue of $9 million in the period. In the final minutes of trading on Monday, ...
Like the other major currencies, the price action in the USD/JPY is being driven by technical momentum and the weakening U.S. Dollar.
Last week’s price action suggests that gold has a clean shot at reaching its September top at $1365.80 over the near-term.
The German index went sideways during most of the session on Friday, bouncing around the €13,250 level. The market should continue to go higher longer-term, but I think that it’s obvious that the market may need to catch his breath in the short term.
Natural gas prices broke out following Thursday’s larger than expected draw in natural gas inventories and despite warmer than normal weather expected to cover most of the United States for the next 8-14 days. Prices pushed through trend line resistance that was created by connecting the highs in December 2016 to the highs in November 2017 that comes in near 3.13. Support is seen near former resistance and then the 10-day moving average at 2.96.
Gold prices broke out as the dollar weakened following soft CPI report that paved the way for higher gold prices. Prices are poised to test target resistance near the September highs at 1,358. Support is seen near the 10-day moving average at 1,318. Momentum is positive as the MACD (moving average convergence divergence) histogram prints in the black with an upward sloping trajectory which points to higher prices.