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It was a rather boring week for the precious metals until Fed Chair Powell’s comments at a press conference were interpreted as meaning less of a chance the Fed would cut interest rates. It caus...
03 May 2019
Risk On/Off, Gold Off/On
The gold price was under pressure the first half of this week, falling from $1,279.88 to $1,266.42 with silver breaking below $15 to get as low as $14.75. The $6 “slam” overnight Tuesday n...
26 April 2019
Gold Hits 2019 Bottom - What’s Up?
Gold failed to hold the recent support level of USD$1,280 this week so we saw some selling purely on the back of the technical setup, as news was fairly absent this week. Stop losses aplenty would hav...
18 April 2019
Is the Lucky Country out of Luck?
Gold continued to dance around the USD$1,300 per ounce mark, before trading lower to the exact price of this time last week ($1,292 per ounce). Silver trades just below $15 per ounce at time of writin...
12 April 2019
Fairy Tale Budget
Precious metals stabilised this week in USD after the sharp decline last Thursday night that would have triggered cascading stop losses, as gold failed to hold above $1,300. Gold is trading at USD$1,2...
05 April 2019
Palladium Price Plunge
After reaching for $1,325 this week on the back of the FOMC meeting, gold weakened during the week and then broke through $1,300 on the back of a stronger US dollar following positive US jobless claim...
29 March 2019
‘Trade of the Century’
The battle for US$1,300 continued this week with the bulls taking the win for now – gold traded higher at $1,309 per ounce and silver was up slightly to USD$15.14. Fed chair Powell’s dovis...
22 March 2019
Merger Mania and Free Money
After a week of consolidation, gold showed some strength this week moving up from the USD$1,280s and trading above the “13” handle briefly before encountering resistance right on the 20 da...
15 March 2019
Conflicting Views on the Australian Economy
After dropping more than USD$20 during US hours on Friday, gold has moved sideways this week between USD$1,280 and USD$1,290, with silver falling back to just above USD$15 per ounce. Commentators attr...
08 March 2019
The Growing Trend of Chinese Corporate Defaults
Precious metals eased lower this week with gold retreating to USD$1,313 on the back of a stronger US GDP print, and silver dropped to USD$15.60 per ounce. Palladium looks like it may have potentially ...
01 March 2019
