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The Harsh Truth About Gold

The Harsh Truth About Gold

By WallStreetDaily.com Is gold dead? Over the last three years, the SPDR Gold Shares ETF (GLD) has lollygagged in a sideways direction. I’d honestly rather watch paint dry than analyze a gold chart. Given such an uninspired performance, I don’t believe that gold warrants a major weighting in your portfolio. Of course, my assertion above […]

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XAUCNH: Forex Technical Analysis – 19th Communist Party Congress will start in China

XAUCNH: Forex Technical Analysis – 19th Communist Party Congress will start in China

By IFCMarkets The 19th Communist Party Congress will start in China In this review, we suggest considering the personal composite instrument (PCI) “Gold vs Yuan”. It increases when gold rises in price on the world market and the Chinese currency weakens. Is there a possibility for the XAUCNH prices to rise? The value of gold […]

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EUR/USD Little Changed as Euro & Dollar Struggle to Find Direction

EUR/USD Little Changed as Euro & Dollar Struggle to Find Direction

EUR/USD moved lower today, but the drop was meager as neither the euro nor the dollar showed clear direction during the Monday’s trading session. The greenback continued to suffer from the Friday’s underwhelming inflation report, while the euro had troubles attracting traders due to uncertainty regarding the outlook for monetary policy of the …

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Comfortably Numb: Surviving the Assault on Silver

Comfortably Numb: Surviving the Assault on Silver

By The Gold Report Source: Michael Ballanger for Streetwise Reports   10/15/2017 Precious metals expert Michael Ballanger discusses the current state of the precious metals markets. In the late 1960s and most of the 1970s, an English rock band named Pink Floyd dominated the world of progressive and psychedelic music with such memorable albums as “Dark […]

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Palladium and Rhodium on Fire, Is Platinum Next?

Palladium and Rhodium on Fire, Is Platinum Next?

By Money Metals News Service Platinum was once the most precious of metals. For decades, it traded at a premium to gold. The other platinum group metals – palladium and rhodium – barely registered on investors’ radar screens. Platinum lost its crown to gold in 2015. It was overtaken by the other PGM metals in […]

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Mix of Symmetrical and Ascending Triangle on Daily Chart of GBP/NZD

Mix of Symmetrical and Ascending Triangle on Daily Chart of GBP/NZD

After this August’s failed symmetrical triangle pattern, GBP/NZD is consolidating in a fusion of ascending and symmetrical triangles. However, now it points towards an uptrend continuation following a bullish breakout from the previous symmetrical triangle.

On the image below, the pattern itself is marked using the yellow lines. The cyan line …

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COT Report: USD, Copper bets gain. Specs trim bets for WTI, 10Yr, Gold, Silver

COT Report: USD, Copper bets gain

By CountingPips.com – Get our weekly COT Reports by Email Here is a short summary and this week’s links (below) to the latest Commitment of Traders changes. – US Dollar Speculators cut back on USD bearish positions for 2nd week – WTI Crude Oil Speculator bets declined for a 2nd week, still above +400,000 contracts – 10-Year Note Speculators cut bullish bets […]

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Forex Speculators raised US Dollar bullish bets for 2nd week

Forex Speculators raised US Dollar bullish bets for 2nd week

By CountingPips.com – Get our weekly COT Reports by Email US Dollar net speculator positions now at $-15.42 billion this week The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators raised their bets for the US […]

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Future Upside Provides Excellent Entry Point for Fiore Gold

Future Upside Provides Excellent Entry Point for Fiore Gold

By The Gold Report Source: The Critical Investor for Streetwise Reports   10/13/2017 The Critical Investor provides an update on Fiore Gold, which has just resumed trading after completing a business combination with GRP Minerals. Pan Mine, Nevada After a lengthy trading halt since June 12, Fiore Gold started trading on October 2, having completed the […]

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Strategy: Trading the Break of the Day

Strategy: Trading the Break of the Day

Last month we discussed a price action strategy (I’m partial to price action strategies using near-“naked” charts) using Pin Bars. While I like that strategy and will continue to use it, it requires the trader to be attentive to every chart, every hour. That doesn’t […]

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