Prosper Gold (PGX.V) is “Stock of the Week” The precious metals had a tough week due to better than expected US economic numbers and US dollar strength. Tensions in the Middle East have pushed oil prices higher but have yet to push precious metals higher with any climatic volume. Taking a look at the gold…
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Precious metals posted another positive week on the heels of technical buying and a weaker U.S. dollar. Gold built a bull flag earlier this week, broke out on Friday morning posting a solid $20 gain on the day, and has now pushed above the 100-day moving average ($1370) ...
Veris Gold is “Stock of the Week” | Precious metals back to levels not seen since May, 2013
It was a relatively calm week for the metals until mid-Thursday when all four precious metals accelerated upwards. Heavy buying in precious metal futures led to short covering in gold and silver, which elevated the metals back to highs not seen since May. Silver’s lesser liquidity coupled with ...
Bayfield Ventures Corp. is “Stock of the Week” | Platinum Looks To Be An Attractive Investment In The Short and Long Term
Platinum posted a very strong Thursday breaking through $1460/oz and topping out at $1500/oz on the heels of strong economic data from China and Europe. Improving demand coupled with supply concerns continues to make platinum a very attractive investment over both the short ...
Continue Reading →VC Market Intelligence is a monthly infographic from Visual Capitalist that summarizes changes in economic indicators, relevant news stories, commodity and financial trends, and provides technical analysis. The goal is to make this information intuitive and visual to the average investor.
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Scorpio Mining Corp. is “Stock of the Week” | Headlines Continue to Sway Precious Metals Price Action
Precious metals price action continues to be swayed by headlines. Prices are up one day on bad economic data that is interpreted as an indicator to keep QE going, but down the next after positive economic data suggests the economy is improving and signals QE is no longer ...
Continue Reading →Constructive week for all metals and the TSX-Venture | Klondex Mines Ltd. is “Stock of the Week”
It has been a constructive week for all metals. We highlighted gold and platinum last week as potential candidates to move through resistance – gold through $1300 into the $1330-$1350 resistance, and platinum from $1434 into $1450 resistance and potentially up to $1500. The $1350 zone in gold ...
Continue Reading →Positive gains for Gold, Platinum & Palladium | Carpathian Gold is Stock of the Week
Gold, Platinum and Palladium all posted positive gains for the second straight week while Silver continued to be the weakest of the group. $1300 and $20 continue to be walls of resistance for gold and silver, respectively. Until these are broken it remains difficult to be bullish for more than ...
Continue Reading →Palladium & Gold Movement | Premier Royalty Inc. is Stock of the Week
The precious metals posted solid gains this week on the heels of last week’s digestion. Last week we noted palladium’s resiliency to gold and silver selloffs, the 200-day moving average at $699, and the 50-day average at $714. Palladium broke through both upside levels and is currently trading around the $718 level. ...
Continue Reading →Probe Mines, Palladium Resiliancy, & Market Commentary
Precious metals digested this week as expected. Gold hovered in a lower channel between $1200 and $1270, silver stayed near $19 and platinum around $1350. From a technical perspective, palladium has shown the most resiliency as it remains well above the 2012 low of $555. Upside momentum stalled out at the 200-day moving average at $699 and the ...
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