- Mining companies facing Peruvian difficulties
Since last autumn residents of the Peruvian region of Cajamarca – approximately 560 miles (900km) north of Peru’s capital, Lima – have been protesting against Newmont Mining’s “Conga …
- How to Control Your Risk in a Risk-on Market
In a market full of risk, every single day that it’s open for trading, the best move you can make is to get positioned to profit from the specific type of risk that the market is presenting. You might have heard about “risk-on” and “risk-off” environments. Today I’ll share with you what each type of [...]
- Gold reserves as collateral
Yesterday’s big news as far as gold was concerned was a Telegraph report stating that Germany could be about to get into the “cash for gold” business in a big way. Angela Merkel is …
- Technical Analysis for Energy Markets
The price has declined affected by facing the resistance of the descending channel seen on the image. EMA 20 and EMA 50 are covering the movements as well while ADX shows a bearish sign suggesting further losses over intraday basis. Stochastic has entered oversold territories and that may cause fluctuation. The price should stabilize below 92.15 to keep our scenario valid; whilst breaching 89.75 will confirm and accelerate the downside wave .
- Gold and Forex Technical Update
Gold: Gold is trading weaker at $1546 levels. Gold is currently trading lower as the market participants are looking at US dollar as a safe haven bet amidst Spain’s increasing concerns. Strong US dollar has reduced the appeal of the yellow metal. Near term support is at 1532 level, whereas strong resistance can be seen near 1565 levels (10 day EMA). Overall look at a range of 1-3 months at 1450-1600 with bearish bias.
- Technical Analysis for Precious Metals
Gold declined sharply after it failed to settle above 1582.00, negating our positive expectations yesterday. Today, we find the metal is stable below 1552.00 accompanied with Stochastic being negative, while EMA 20 and 50 pressure gold to the downside. All these factors suggest that the downside movement might extend today , but stability below 1582.00 is necessary.
- Bullion and Energy Market Commentary
SPOT GOLD closed lower on Tuesday. The lowrange close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling sideways to lower prices are possible nearterm. If it renews the decline off February’s high, the 38% retracement level of the 20082011rally crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted.
- The Untold Story of “The 49%”
The news they tried to bury on a holiday weekend: Percentage of Americans receiving a government check. Plus: Chris Mayer on the comedown from “speculative froth” in Q1… and some uncomfortable questions for China bulls.
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