Gold Silver Reports (GSR) — Gold Overall for a Resumption of last-month’s bullish-rally, gold prices would need to beat the 6-year high. Alternatively, for a decline to take place, $1380 would need to be penetrated.
TECHNICAL ANALYSIS REPORT
MCX Gold Futures Prices Sell on Rise Support Key @34170 – Neal Bhai Reports
Gold on MCX settled down 0.62% at 34170 following a steep fall in the previous session, as investors waited on any Sino-U.S. trade developments later this week, while bulls rolled back expectations of big U.S. interest rate cuts. U.S. Federal Reserve officials dented expectations of aggressive interest rate cuts.
Silver Rates @ 26-year Low in Relation to Gold, Should Investors Buy?
The silver rates in comparison with the rate of gold is at a 26-year low. The ratio of gold rate to silver rate is currently around 90, the highest after March 1993. A higher ratio indicates that silver is much cheaper than gold. If silver is so cheap relative to gold, should investors consider buying the precious metal?
Zimbabwe’s Annual Inflation Rate is 242%, The Second highest in the world
Zimbabwe’s annual inflation rate is 242%, the second highest in the world. To save its economy, Zim needs to embrace the Singapore Strategy.
Utilities Vs Gold & Silver Mining Stocks Now at All-Time Highs
Gold Silver Reports (GSR) – Last time this ratio reached similar levels mining stocks almost tripled in 8 months. Which one will be a true safe-haven for the next downturn?
Gold Prices Could Rise Above $1,300 Next Week – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices could rise above $1,300 next week , The safe haven yellow metal found takers at the 100-week moving average (MA) of $1,277 on Monday as Trump’s re-escalation of the trade war with China sent risk assets sharply lower on the fist trading day of the week.
When is the Trend not Your Friend?
The US dollar remained firm last week. The strongest of the majors was the Norwegian krone, and it rose less than 0.2% against the greenback. The volatility is continuing to compress.
Gold Prices had Earlier Breached its 100-Day Moving Average
Gold Silver Reports (GSR) – Gold prices slipped today, but was trading above the 10-week low touched in the previous session, as the dollar rose against the yen on signs of progress in the US-China trade dispute and strong US economic data. Investors are now awaiting the US jobs numbers for more signals on the strength of the economy.
GBPUSD Longs Favored Above 1.3050
GBPUSD bulls also took out descending channel resistance on the 25th of last month. I pointed out this new support area last Sunday.