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 ...
Continue Reading →Gold Update, Market Commentary, & Northern Shield Resources
Yet another bear flag in gold broke down this week. Gold opened the week near $1300 and moved lower breaking through the $1250 level that we targeted in last week’s edition of Weekly Trends. We expect gold to consolidate in the $1200-$1270 range until Friday next week when the U.S. employment numbers for June are released. Investors ...
Continue Reading →Gold Update, Market Commentary, and Barkerville Gold
Investors scrambled for the exits late Wednesday and all day Thursday after the US Federal Reserve indicated that as economic conditions continue to improve they would begin to slow central bank stimulus. Gold in particular was extremely volatile falling nearly $100/oz as inflation and economic worries faded. The $1320 low from April failed to provide any support as gold accelerated ...
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