It was a quiet week for the precious metals as the majority of the week was spent digesting last week’s move; gold prices rose slightly overall for the week. The US Federal Reserve’s decision not to taper should create a floor for gold around these levels. Next week, look for gold to try to break the mini downtrend it has been in since September. Silver will follow the gold price action, ...
The precious metals had a volatile week as the US Federal Reserve surprised investors by keeping the $85 billion per month asset purchasing plan going. Expectations were low heading into the announcement that the Fed was going to continue to prop up the market. The ongoing stimulus is a positive for the precious metals markets, and one of the main drivers for those who believe precious metals should be valued considerably ...
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 ...
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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 →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 →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 →
