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Tag Archives | Platinum

The Gold Bulls Have an Edge But Momentum is Set to Wane

OUTSIDE MARKET DEVELOPMENTS: Global equity markets were mixed overnight. The Asian session was relatively quiet, while the European session saw ongoing reaction to ECB comments yesterday regarding the prospect of raising rates. The North American session will start out with a January reading on Canadian manufacturing sales, followed by February industrial production which is forecast […]

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Platinum Bars

METALS: The Bears Still Control but Their Grip is Exhausting Itself

OUTSIDE MARKET DEVELOPMENTS: Global equity markets were mostly higher overnight with the All Ordinaries the biggest winner. The Asian economic calendar was relatively quiet with the Reserve Bank of Australia deciding to leave interest rates unchanged. The European schedule started out with October German factory orders that bested expectations by a wide margin. However, the […]

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We Will Look to Re-Purchase Gold Puts on Today’s Rally

OUTSIDE MARKET DEVELOPMENTS: Global equity markets have seen enough calm and declining anxiety for a “risk back on” mood across many market sectors. On the other hand, the prospects for increased fiscal spending has kept Treasuries on the defensive, as Bonds reached a new contract low more than 8 points below their overnight highs. The […]

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silver-595

Choppy Two Sided Action as Metals Reel from Election Ebb & Flow

OUTSIDE MARKET DEVELOPMENTS: Global markets were weaker across the board again today as they could not shake off a developing “risk off” mood over the upcoming US election. The European session started out with October Euro zone Services PMI and German Services PMI numbers that bested expectations. The North American economic calendar will start out […]

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Platinum Bars

Metal’s Early Positive Bias Compliments of a Weak Dollar

OUTSIDE MARKET DEVELOPMENTS: Global equities were mixed overnight with the CSI 300, Hang Seng and IBEX trading lower and most other measures posting gains. The highlight of European trading session was the October IFO survey of German business climate which hit the highest level since April of 2014. The markets were also presented with Italian […]

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Platinum Bars

Damage on the Gold Charts Enhanced by Talk of Ending EU QE

OUTSIDE MARKET DEVELOPMENTS: Overnight equity markets were mostly weaker in what appeared to be mixed European data and a minimally better than expected UK September Services PMI reading. Chicago Fed President Evans gave a speech in Auckland and suggested that he favors a slow and gradual rate hike pattern and he also suggested that he […]

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Platinum Bars

The Path of Least Resistance for Gold Remains Down Today

OUTSIDE MARKET DEVELOPMENTS: Global markets were able to regain a positive tone with the exceptions to that rule Chinese and Japanese markets. Chinese data released overnight included a government think tank forecast of 4th GDP growth at 6.6% which was just a touch lower than the official Chinese government prediction. It does appear as if […]

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METALS: Portion of a Hike has Probably Been Factored with Sep Slide

OUTSIDE MARKET DEVELOPMENTS: Global equity markets were higher overnight as they prepared for today’s FOMC meeting. The Asian session started out with August Japanese trade balance data that showed a net deficit that was a sharp contrast from July’s surplus, as both exports and imports showed sizable year-over-year declines. The highlight of the Asian session […]

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