Commodities
As An Inflation Hedge, Copper’s Better than Gold
For centuries, gold has been a go-to asset among investors worried about all sorts of financial risks. In the past decade, exchange-traded funds backed by the metal drew more money than any other commodity. Even the world’s biggest central banks hoard bullion as a reserve asset.
Natural Gas Price Prediction – Prices Rebound From Session Lows on Cold Weather Forecast
The EIA reported on Thursday that net injections fall lower than the five-year average. Net injections into storage totaled 58 Bcf for the week ending October 19, compared with the five-year average net injections of 77 Bcf and last year’s net injections of 63 Bcf during the same week. Working gas stocks totaled 3,095 Bcf, which is 624 Bcf lower than the five-year average and 606 Bcf lower than last year at this time.
Spot WTI Crude Technical Analysis October 24, 2018
Crude oil suffered heavy losses in the previous day and closed near the day low. The sudden bearish breakout turns the trend into bearish. Fortunately, no lower low printed on weekly basis, the price needs to move below $64.40 to print a lower low.
Spot Silver Technical Analysis October 24, 2018
The price of silver maintains its bullish winning after previous day bounce. The precious metal expected to continue moving upward to test $15.00.
Spot Gold Technical Analysis October 24, 2018
We have an early celebration on the gold jump in the previous day. Unfortunately, the precious metal drifted lower before the close of the day and settled just at $1,230. It means no breakout and today the bull has trouble to break the resistance level.
Gold Higher, Yen Outperforms as Risk Appetite Struggles
Yesterday’s broad dollar strength played out to drag on gold, but the recent mini range that has formed above the old $1217 pivot and below $1233 continues to play out. Within this range the market moves are simply noise, with the last six closes all being within $5 of each other.
Gold is Falling Despite China Rate Cut – Gold Silver Reports
Gold is losing altitude in Asia, having repeatedly failed to take out the 50-day exponential moving average (EMA) last week.
EIA Data Shows 8 Million Barrel Build in Crude Inventory – Gold Silver Reports
U.S. crude oil refinery inputs averaged 16.6 million barrels per day during the week ending September 28, 2018, which was 77,000 barrels per day more than the previous week’s average. Refineries operated at 90.4% of their operable capacity last week. Gasoline production increased last week, averaging 10.0 million barrels per day. Distillate fuel production increased last week, averaging 5.0 million barrels per day.
Silver MCX Update – Gold Se Zada Silver Chalegi, Gold main Kam Trade kar aur Silver Main Zada – Neal Bhai
Silver MCX Update – Gold Se Zada Silver Chalegi, Gold main Kam Trade kar aur Silver Main Zada – Neal Bhai
Gold Silver Reports (GSR) — The $14.50 level above has shown itself to be very resistive, but that’s nothing new. I believe that we continue to bounce around and show signs of volatility in this market, and I think that should continue to be overly difficult to hang onto a trade.