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.
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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.
MCX Natural Gas Start Fresh Selling, Support at 165
Gold Silver Reports — Technically MCX Natural Gas market is under fresh selling as market has witnessed gain in open interest by 11.25% to settled at 11607.
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.