ETFS

Despite Chinese economic data pointing to an increasing demand for copper, the metal has been unable to catch a sustainable bid. The trade war has taken the front seat for the time being from a sentiment standpoint, and I expect it to keep a lid on copper until resolved. While many metals markets are testing
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Lots of issues facing markets across all asset classes Markets rarely move in a straight line – Will gold be different? A bumpy ride higher on the horizon Last week, the gold market did what it has been doing consistently since June. The price of the yellow metal rose to another new multiyear high. On
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Silver popped overnight last Wednesday, hopping from 16.50 to 17.00 overnight to our view here in the U.S. Since then, it’s been sideways, but with each day closing above the open – and with good volumes – one has to think the silver bull might be here. Let’s take a look at a chart. Here’s
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While many investors have been bullish about Cronos (CRON) recently, there’s still some lingering sentiment that the stock could be overvalued.   The exuberance surrounding the stock began about 7 months ago when tobacco giant Altria (MO) bought 45% of Cronos for $1.8 billion. It seems to be a match made in heaven, because as cigarette
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(credit Fidelity.com) The chart says SLV (the US unleveraged silver trading ETF) is now trading in a range between 15.60 and 16.20, roughly. This is about a normal range-size for SLV; earlier ranges were generally 60 cents or 30 cents wide. What is nice about this chart is that green-candle days happened with high volume,
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Silver has shot higher since breaking out of its prior box near $16.00/oz, but is now headed into multi-year resistance at the $17.20/oz level.  While sentiment has cooled off slightly from the 95% bulls level two weeks ago, the intermediate-term sentiment moving averages for silver are now beginning to head into exuberant levels. Silver continues
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Bullish sentiment for gold finished at 95% Monday, and the sentiment moving average is at a level it’s reached only three other times in the past decade.  While these sentiment readings led to higher prices over the next six to twelve months in two of three occasions, they led to a long-term top in the
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Gold rises to the highest price since 2013 Silver trades north of $17 per ounce A pullback is possible, but the trend is your friend After gold and silver reached highs in 1980, the prices took a back seat for almost one-quarter of one century when it comes fiat currency instruments. The dollar, euro, yen,
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A new low in natural gas last week Inventories do not support the current price action in the energy commodity A test of the $2 level is on the horizon Natural gas has been in a bear market since the price fell below the critical levels of support at the 2018 and 2017 lows at
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Oil falls below the sweet spot on Brent futures The Crown Prince still wants an IPO deal A bearish sign, but no IPO is on the horizon for Aramco In 2018, the stock market and banks all over the world were drooling over the prospects for the largest initial public offering in history. The leading
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The #1 question your friendly Gold Enthusiast is getting this week is: Is it too late to buy gold? With the big pop on Wednesday, a lot of people are wondering if there are still reasonable entry points for a gold trade.  As always we can “start with the chart”: (credit Fidelity.com) This is the
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(credit Fidelity.com) The question now is: Can silver continue this run?  In premarket trading today SLV is off slightly, trading at 15.78, just below yesterday’s open and below yesterday’s close. Traders call gaps-up like this “rising windows”.  Typically, the area between the top of the previous day and the bottom of the gap-up day candle
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Despite a 17% rally in gold since March, palladium is trading 10% lower. Palladium is coming down to test its 40-week moving average for the second time in three months, generally a sign of weakness when tests become more prevalent. I believe investors should stick with the strongest metal which is gold, and avoid the
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