The precious metals of Gold and Silver were moderately mixed in March, settling +$9.40 (0.7%) to $1327.30, and -$0.14 (0.8%) to
$16.27 respectively. Near term outlook offers further chop. The m/t
outlook would
turn decisively bullish if Gold >$1400 and Silver >$22s.
Gold monthly
Silver monthly
Summary
Suffice to add, Gold remains notably stronger than Silver. Broadly, both metals have been churning since early 2017. Things only turn decisively bullish if Gold >$1400s and Silver >$22s.
Thursday 29 March 2018
Friday 23 March 2018
Big gains for the metals
The precious metals of Gold and Silver saw broad gains, settling +$37.60 (2.9%) to $1349.90, and +$0.31 (1.9%) to
$16.58 respectively. Near term outlook offers further upside. The m/t
outlook would
turn decisively bullish if Gold >$1400 and Silver >$22s.
Gold weekly
Silver weekly
Summary
Suffice to add, Gold remains notably stronger than Silver
Gold and Silver have been broadly choppy since early 2017. Things would turn decisively bullish with Gold >$1400, and Silver >$22s.
If the metals do proceed higher across the spring/early summer, it will bode very well for the related gold/silver mining stocks.
Gold weekly
Silver weekly
Summary
Suffice to add, Gold remains notably stronger than Silver
Gold and Silver have been broadly choppy since early 2017. Things would turn decisively bullish with Gold >$1400, and Silver >$22s.
If the metals do proceed higher across the spring/early summer, it will bode very well for the related gold/silver mining stocks.
Friday 16 March 2018
Weak metals
The precious metals of Gold and Silver were broadly weak, with net weekly declines of -$11.70 (0.9%) to $1312.30, and -$0.34 (2.0%) to
$16.27 respectively. Near term outlook offers further chop. The m/t
outlook would
turn decisively bullish if Gold >$1400 and Silver >$22s.
Gold weekly
Silver weekly
Summary
Suffice to add, Gold remains notably more resilient that Silver. Both metals are broadly choppy.
Silver is testing core rising trend from summer 2017. Another sig' weekly decline would bode bearish, but my guess is that a rebound in the metals is due, as the fed are set to raise rates.
Gold weekly
Silver weekly
Summary
Suffice to add, Gold remains notably more resilient that Silver. Both metals are broadly choppy.
Silver is testing core rising trend from summer 2017. Another sig' weekly decline would bode bearish, but my guess is that a rebound in the metals is due, as the fed are set to raise rates.
Friday 9 March 2018
Choppy metals
The precious metals of Gold and Silver saw a week
of chop, with net weekly gains of +$0.60 (0.1%) to $1324.00, and +$0.14 (0.9%) to
$16.61 respectively. Near term outlook offers further chop. The m/t
outlook would
turn decisively bullish if Gold >$1400 and Silver >$22s.
Gold weekly
Silver weekly
Summary
Suffice to add, Gold remains broadly stronger than Silver.
Both metals have been broadly choppy since early 2017.
Partly based on m/t bullish trends in copper and oil, I'm leaning to eventual bullish upward breaks in gold, with silver following. If correct, bullish implications for the related mining stocks.
Gold weekly
Silver weekly
Summary
Suffice to add, Gold remains broadly stronger than Silver.
Both metals have been broadly choppy since early 2017.
Partly based on m/t bullish trends in copper and oil, I'm leaning to eventual bullish upward breaks in gold, with silver following. If correct, bullish implications for the related mining stocks.
Friday 2 March 2018
Gold and Silver cooling
The precious metals of Gold and Silver saw a second consecutive week of declines, -$6.90 (0.5%) to $1323.40, and -$0.02 (0.1%) to
$16.47 respectively. Near term outlook offers a little chop. The m/t outlook would
turn decisively bullish if Gold >$1400 and Silver >$22s.
Gold weekly
Silver weekly
Summary
Suffice to add...
-Gold is still broadly stronger than Silver.
-Silver notably tested m/t rising trend this week
I'm still leaning on an eventual upward break, the key thresholds are gold >1400 and Silver >22.
Gold weekly
Silver weekly
Summary
Suffice to add...
-Gold is still broadly stronger than Silver.
-Silver notably tested m/t rising trend this week
I'm still leaning on an eventual upward break, the key thresholds are gold >1400 and Silver >22.
Subscribe to:
Posts (Atom)