CONTRIBUTED COMMENTARIES
The metals, money, and markets weekly by Mickey Fulp - September 18, 2020
Mickey Fulp - Sep 18, 2020 05:59PM(Kitco commentary) - The metals, money, and markets weekly by Mickey Fulp - September 18, 2020
CPM Group - What Gold and Silver Investors Should Be Watching Now - Jeffrey Christian
CPM Group - Sep 18, 2020 04:44PM(Kitco commentary) - CPM is focusing on short and long term price trends, heading into a volatile political, economic, and social season.
Gold/Silver: Getting near the crossroads
Phillip Streible - Sep 18, 2020 03:16PM(Kitco commentary) - This week was another historic week in the markets with the FOMC leaving the Fed funds target rate unchanged at 0-0.25% and provided new forward guidance for the policy rate.
Rhodium's meteoric rise
CPM Group - Sep 18, 2020 11:27AM(Kitco commentary) - The rhodium market remains tight. Supply from South Africa, which accounts for around 80% of global rhodium mine supply is still recovering from the mine shutdowns earlier this year and now there is an added threat from Eskom related disruptions to supply.
Are we having fun yet? Gold continues to Churn
Todd 'Bubba' Horwitz - Sep 18, 2020 07:58AM(Kitco commentary) - The torture chamber remains open; gold, silver, and platinum continue to consolidate, looking for a spot to breakout. We know that they will have to eventually break out in one direction or the other, as it stands now, we assume that move to be lower.
Oreninc index up as bought deals and brokered action high
Oreninc Index - Sep 17, 2020 12:45PM(Kitco commentary) - The Oreninc Index increased in the week ending September 11th, 2020 to 95.43 from 79.69 a week ago as bought deals and brokered activity continued.
CPM Group Trade Signal - September 17 2020
CPM Group - Sep 17, 2020 10:42AM(Kitco commentary) - CPM Group remains positive on the near term prospects of gold prices. That said, there is potential for gold prices to soften over the next couple of days before making a move higher.
Gold, silver and platinum fail, now what?
Todd 'Bubba' Horwitz - Sep 17, 2020 08:27AM(Kitco commentary) - Gold, silver, and platinum all failed to take out the top end of their ranges; they are now falling to the bottom end to test support. However, all three remain in the admissions pattern, known as congestion. Eventually, congestion will end, and they will trend again; the only question is when?
More gains ahead of the Fed could mean more risk for the longs
The Hightower Report - Sep 16, 2020 10:09AM(Kitco commentary) - Global stock markets overnight were mostly higher with the exceptions of the Shanghai markets and the FTSE 100. Gains were less than 0.25% for the most part, except Australia which was up 1.1%.
Silver bulls will be handsomely rewarded
Peter Krauth - Sep 16, 2020 08:30AM(Kitco commentary) - Silver reached just shy of $50 back in April 2011. A decade later, weâ??re still just barely above half that level.
Gold projected higher, but a failure of support line should have follow-through
Moor Analytics - Sep 16, 2020 08:20AM(Kitco commentary) - I cautioned on 8/16/18 the break back above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5 of this. The break above $1,347.0 projected this upward $80 minimum, $320 (+) maximum. We have attained $744.2 of this.
Gold and silver fail first test
Todd 'Bubba' Horwitz - Sep 16, 2020 07:57AM(Kitco commentary) - On Tuesday, gold and silver attempted to break out of their consolidation and potentially start a new uptrend. They both failed and closed lower on the day, which is a more bearish sign. However, once again, they are rallying this morning, looking like they will make another attempt to break out.
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