Gold Silver Reports – Gold Rally has Legs on Voracious China Demand, Bullish options – Gold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run.
Bullion Reserves
MCX Gold Expected Trading Zone Between 29510—29860, Sell on Rise
Gold Silver Reports – MCX Gold Expected Trading Zone Between 29510—29860, Sell on Rise — Technically Gold market is getting support at 29510 and below same could see a test of 29330 levels and resistance is now likely to be seen at 29720, a move above could see prices testing 29860.
The Gold Rally May Have More Room to Run
Gold Silver Reports – The Gold Rally May Have More Room to Run – Gold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run.
Gold Losses in Years Past Keep Producers From Buying More Mines
Gold Silver Reports – Gold Losses in Years Past Keep Producers From Buying More Mines — Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world’s major gold producers have cut way back on mining deals — even as metal prices posted their biggest rally since 2010.