Tag Archives: Report

Gold Traders’ Report – December 10, 2018

Gold traded down overnight in a range of $1244 – $1250.40, coming off its 5-month high made Friday and fading a rebound in the US dollar. The DX rose from 96.36 – 96.79, helped by weakness in the yen (112.23. – 112.89 miss on Japanese GDP), the pound ($1.2757 – $1.2638, fresh 18-month low, reports that May will pull the ...

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Gold Traders’ Report – December 7, 2018

Gold rose overnight in a range of $1237.30 – $1243.15, where resistance at $1242 – 44 (triple top 10/26, 12/4, and 12/6 highs) held. Gold was able to climb despite the US dollar remaining fairly steady (DX between 96.77 – 96.93), and with mixed global equities. The NIKKEI was up 0.8%, the SCI was flat, Eurozone shares were up from ...

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Gold Traders’ Report – December 6, 2018

Gold traded either side of unchanged last night in a range of $1234.70 – $1240.85, largely fading movement in the US dollar. It rose to its high of $1240.85 during Asian time as the DX ticked down to 96.97, where resistance at the 12/4 $1242 high capped the advance. Later during European time, gold fell to its $1234.70 low as ...

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What’s Next For 2019 – SRSrocco Report

The big question on the minds of most investors is what will happen to the markets and precious metals in 2019.  Well, the answer depends mainly on two factors, the oil price and overall weakness in the economy.  If the oil price continues to decline, it will indicate a deflationary outcome for the economy and markets. While this sounds counter ...

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Gold Traders’ Report – December 4, 2018

Gold extended its rally overnight, trading in a range of $1230.55 – $1241.30. It took out stiff resistance at $1235-38 (7 tops –10/29, 11/1, 11/2, 11/5, 11/6, 11/7, and 12/3 highs) along with $1239-40 (double top, 10/23 and 10/25 highs) to reach $1241.30 – a 5-week high – with a fair amount of short covering seen. The yellow metal’s advance ...

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Gold Traders’ Report – December 3, 2018

The US and China reached a trade truce over the weekend, with China agreeing to purchase an unspecified amount of product from the US, will crack down on fentanyl sales, and will cut its 40% tariffs on cars. The US won’t increase its current 10% tariffs to 25% on Jan 1, and will hold off on additional tariffs on $267B ...

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Is Ford About To Announce A Massive 25,000 Jobs Cut? This Morgan Stanley Report Thinks So

Morgan Stanley has just published a report that further justifies the short-term bull case for autos while possibly infuriating Trump. Here are the details… from Zero Hedge On a day when US and European auto stocks rallied (at the expense of shares of their Chinese competitors) following President Trump’s tweet (since complicated by comments from Kudlow and Mnuchin) that China might ...

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