Gold Silver Reports ~ Gold’s safe have appeal has been restored as US equities started to spiral downwards. Globally, spot gold was up 2.1 percent at $1,234.50 an ounce.
Crude on Earth Concerns Related to Excessive Supply
Gold Silver Reports → Crude on earth concerns related to excessive supply, but still ended the week up nearly 10% as the prospects of a potential output freeze from four top producers boosted prices from near 13-year lows.
Gold Comex Support at $1063.20 and Upside Resistance at $1260.80
Gold Silver Reports ~ Gold ticked up on Friday, extending gains from the previous two sessions, in spite of solid U.S. inflation data which bolstered hawkish arguments for accelerated monetary policy normalization by the Federal Reserve this year.
Real And True Joy
It is in the littlest things of life we may find real and true joy.
Crude Lock in a $45 Barrel Lifeline for 2017
Gold Silver Reports ⇒ U.S. crudeoil producers reeling from an 18-month price rout have cautiously begun hedging future production this week, fearing this may be their best chance yet to lock in a $45 a barrel lifeline for 2017 and beyond.
Gold Fields Buy $200 Million of Bonds
Gold Silver Reports → Gold Fields Ltd., a South Africa-based miner of the precious metal, offered to buy back $200 million of bonds for 17 percent less than their original value.
Gold Bears for Years Fed off The Prospects
Gold Silver Reports → Gold bears for years fed off the prospects for higher borrowing costs. Now bulls are thriving in a world where negative rates are becoming commonplace.