The Hightower Report

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The Hightower Report

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General bearish bias from outside market forces

(Kitco commentary) - With a fresh new high for the move in the dollar to its highest level since March 15 yesterday, the gold market is short term overbought and is facing ongoing currency-related pressure.

May 31, 2023 - 9:54 AM

Precious metals commentary 4/26/2023

(Kitco commentary) - While part of the gains this morning in gold and silver are attributable to a slightly positive track across all commodities, we think flight to quality buying is present as well because of more signs that First Republic Bank might not survive.

Apr 26, 2023 - 9:59 AM

Precious metals commentary 4/19/2023

(Kitco commentary) - A much hotter than expected 10.1% annualized inflation reading from the UK has whipped up rate hike fears again, and that has fostered a surprisingly significant risk off reaction throughout the markets.

Apr 19, 2023 - 12:38 PM

Precious metals commentary 4/5/2023

(Kitco commentary) - Global equity markets overnight were mixed, with the number of markets trading higher barely exceeding those trading lower.

Apr 05, 2023 - 9:52 AM

The bias is down but a major wash in gold could produce a low

(Kitco commentary) - While a risk-off theme permeates the markets this morning, the Dollar Index is tracking slightly higher and adding to the negative macro view toward commodities.

Feb 22, 2023 - 10:14 AM

Use uptrend channel support points to initiate longs

(Kitco commentary) - Despite a bearish wave of risk-off psychology and weakness in other precious metals, the gold market is attempting to hold modest gains early today.

Jan 19, 2023 - 12:06 PM

The bulls retain the edge unless the Fed provides a surprise

(Kitco commentary) - With the gold market this morning sitting near the highs of yesterday's upside explosion, bullishness remains in place.

Dec 14, 2022 - 4:15 PM

Slow grind higher today with a key junction Friday morning

(Kitco commentary) - In retrospect, traders might have been too quick to conclude that the Fed is softening its rate stance. That seemed to be on traders' minds earlier this week with the recent pattern of strong US economic data.

Dec 08, 2022 - 3:05 PM

Less hawkish Fed undermines $ & lowers US yields bullish to metals

(Kitco commentary) - The gold market rally is impressive this morning, seeing it happen without definitive weakness in the dollar should embolden the bull camp.

Dec 01, 2022 - 4:58 PM

Trend is down with a bearish conundrum of rising rates/recession

(Kitco commentary) - With the dollar index posting a six-day high overnight, traders should expect new contract highs in the coming sessions, even though a lack of critical US economic data today might limit activity in the currency markets.

Sep 16, 2022 - 1:25 PM

A lack of upside momentum as the markets fear rising rates

(Kitco commentary) - While the gold market did not make a fresh high for the move overnight, prices have managed to consolidate above $1,750 and sit just under this week's highs. Similarly, the silver market has extended a sideways consolidation around $19.00 and forged a quasi-double low starting at $18.65.

Aug 24, 2022 - 1:59 PM

The bias is down but outside impacts are neutral early on

(Kitco commentary) - Despite a $128 rally in July and August, the gold market so far has not suffered a severely damaging reversal from this week's high.

Aug 12, 2022 - 5:55 PM

Fear of recession, higher dollar, and rising rates all bearish

(Kitco commentary) - Global equity markets were mostly lower last night, with the exceptions being the All Ordinaries and the TOPIX Index, which traded fractionally higher.

Jul 21, 2022 - 4:15 PM

The odds are higher for a hot rather than muted US PPI

(Kitco commentary) - Global equity markets were lower overnight, with some exceptions seen around the Pacific rim.

Jul 14, 2022 - 4:17 PM

The path/trend remains down until there is a paradigm shift

(Kitco commentary) - Overnight, global equities move higher with the German market posting the largest gain of 1.7%. Critical economic news included a softer than expected Australian AIG Performance of Services Index for June, lower foreign investment in Japanese bonds and stocks

Jul 07, 2022 - 4:18 PM

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