Gold Silver Reports — Gold returned to levels seen before the U.S. election as equities retreated and the dollar vacillated ahead of a major speech next week by President Donald Trump.
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.
Investors Flock to Supercharged Gold Bet
Gold Silver Reports — As the Direxion Daily Junior Gold Miners Index Bull 3x Shares almost tripled in the past two months, the number of shares changing hands has surged nearly fourfold this year. That’s even as trading has dropped for an ETF tracking larger mining peers and for the SPDR Gold Shares, the largest bullion-backed fund. The boost in volume has also led to a jump in bullish options on the leveraged security, with more than two calls for each put.
The Heightened Risk Of A Gold Price Reset
Gold Silver Reports — The Heightened Risk Of A Gold Price Reset — I warned of a heightened risk of a gold price reset based upon evidence that the all-important physical markets are increasingly influencing the price setting synthetic markets at time we are experiencing extremely strong physical demand into tight immediately deliverable supplies.
Crude Oil Market Signal Turns Bullish
Gold Silver Reports — Crude Oil Market Signal Turns Bullish — Forward prices for crude oil are signaling tightening supply for the first time since the market crashed in 2014.
Russia Overtakes Saudi Arabia as World’s Top Crude Oil Producer
Gold Silver Reports — Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades.
Gold Prices goes Against the Grain
Gold Silver Reports — Gold Prices goes Against the Grain — What works for gold in practice rarely works in theory. The last three US interest rate increases that should, all other things being equal, be bad for the metal have seen prices jump in the months that followed.
Soros gets out of gold, Paulson & Co cuts SPDR Gold shares
Gold Silver Reports — NEW YORK Soros Fund Management LLC got out of gold in the fourth quarter of 2016 while Paulson & Co reduced its stake in SPDR Gold Trust, as bullion prices saw their weakest quarterly performance in 3-1/2 years, regulatory filings showed on Tuesday.