CONTRIBUTED COMMENTARIES
CPM Trade Signal - December 5, 2022
CPM Group - Dec 5, 2022 11:02AM(Kitco commentary) - Our most recent gold Sell target of $1,795 was reached Friday. Prices bounced back right away, which suggests that there is a fair bit of strength in investor interest going long at these price levels once they show signs of beginning to rise once more.
Gold/Silver: Christmas came early
Phillip Streible - Dec 2, 2022 04:29PM(Kitco commentary) - The Santa Clause rally is underway in Precious Metals, with Christmas fast approaching. This week, Santa Clause himself, "Jerome Powell," delivered a speech as a present, where his unexpected "dovish" comments lit a fire under risk assets.
What just happened to gold and silver prices... And what didn't!
CPM Group - Dec 2, 2022 02:35PM(Kitco commentary) - CPM Group's Jeffrey Christian discusses three major factors leading to Gold and Silvers price rally this past week, and address two things that did not. He also discusses long-term economic data which CPM is looking at to forecast the price of the metals going forward.
Dips in precious metals prices may continue to be shallow
Jonathan Da Silva - Dec 2, 2022 12:46PM(Kitco commentary) - Yesterday we suggested that traders stay nimble as pullbacks were at risk of remaining shallow. We also suggested that should jobs come in stronger than expected this morning, a pullback would be highly unsurprising.
Gold begins December zooming above key resistance at $1800
David Erfle - Dec 2, 2022 09:11AM(Kitco commentary) - After ending an unprecedented seven-month losing streak by rising over 7% in November, gold began December with its largest one-day gain in two years.
Less hawkish Fed undermines $ & lowers US yields bullish to metals
The Hightower Report - Dec 1, 2022 04:58PM(Kitco commentary) - The gold market rally is impressive this morning, seeing it happen without definitive weakness in the dollar should embolden the bull camp.
Powell delivered
Monica Kingsley - Dec 1, 2022 04:55PM(Kitco commentary) - Yesterday confirmed the risk-on turn in S&P 500 and beyond as Powell didn't spook the markets in the end. So, not even a temporary setback, let alone crash that many others had been calling for.
CPM Trade Signal - December 1, 2022
CPM Group - Dec 1, 2022 12:58PM(Kitco commentary) - Gold prices rose strongly over the course of November following hints by the Fed at its last Federal Open Market Committee meeting that it plans to slow the pace of its interest rate hikes.
Santa has a helper and his name is Jerome Powell
Jonathan Da Silva - Dec 1, 2022 10:19AM(Kitco commentary) - Gold spot has made another higher high this morning, and, we remain in the bullish the camp for that move to around $1800/10 which is now a stones throw away.
Resilience in gold... higher levels foretold?
Mark Mead Baillie - Nov 29, 2022 05:59PM(Kitco commentary) - This past Wednesday whilst many a StateSider were preoccupied toward getting from home base to grandma's place, or worse, under the stress and duress of hosting Thanksgiving in full finesse, one might have missed Gold instantly regress
Gold and gold stocks approach resistance
Jordan Roy-Byrne - Nov 29, 2022 05:43PM(Kitco commentary) - Precious Metals have enjoyed their best rally since the spring but are approaching significant resistance levels.
Peak gold
Richard (Rick) Mills - Nov 29, 2022 05:14PM(Kitco commentary) - In a world of resource depletion, it falls to gold exploration companies to fill the gap with new deposits that can deliver the kind of production required to meet gold demand, which is currently out-running supply.
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