Gold Silver Reports — Gold Testing Critical Breakout Level — Below looks at the gold/US dollar ratio over the past 8-years. The ratio is testing a level that has been critical to gold bulls for the past few years and we suspect it will be critical for it again at this level.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold Sentiment Now Excessively Bullish; Correction Ahead
Gold Silver Reports — Gold Sentiment Now Excessively Bullish; Correction Ahead — Short term sentiment in Gold Futures, via the SPDR Gold Shares ETF (NYSE:GLD) has reached excessively bullish levels. This condition normally leads to a corrective move as the market runs out of buyers.
Goldman Sees Silver Lining for Macau Casinos Hit by Typhoon
Gold Silver Reports — Goldman Sees Silver Lining for Macau Casinos Hit by Typhoon — Macau’s pummeling by typhoons makes it unlikely China’s government will adopt a tougher stance toward the city, according to Goldman Sachs Group Inc.
Gold Kiss 10-Month High in Wake of North Korea Nuclear Test
Gold Silver Reports — Gold prices kiss their highest in nearly 10 months on Monday after North Korea’s latest and most powerful nuclear test drove investors towards safe-haven assets.
India Plans to Set New Gold Bourse Rules in November
Gold Silver Reports — India Plans to Set New Gold Bourse Rules in November — India plans to finalize trading specifications for the country’s new spot gold exchange in November amid a push to improve transparency in the world’s second-biggest bullion market, people familiar with the matter said.
Mighty Month for Metals Sees Best Gains in Years on Rates, China
Gold Silver Reports — Mighty Month for Metals Sees Best Gains in Years on Rates, China — If you thought metals were only rallying on dollar weakness, think again.
Why Gold Is Less of a Haven These Days
Gold Silver Reports — Having waited patiently for the “any-minute-now” moment, gold investors are taking comfort from the recent rise in price in response to geopolitical tensions. Yet the responsiveness of gold, as well as the overall price, appears weaker than would have been expected from historically based models — and for understandable reasons. The precious metal’s status as a haven has been eroded by the influence of unconventional monetary policy and the growth of markets for cryptocurrencies.