Make Kitco Your Homepage
The Hightower Report

The Hightower Report

Follow Author:

read full bio ▼

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.