Metal prices continued to whip around this week as fear levels rose on the government shutdown and potential debt ceiling crisis. Tuesday was the turn for gold as it broke below our $1270 level moving all the way down to $1250 before rebounding and closing green on the day. This is extremely bullish for the short-term and is evidenced by a solid performance on Wednesday and Thursday. Gold has been in a ...
Continue Reading →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 →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 →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 →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.
Click image below to expand to full size.
Continue Reading →
