kinesis moneysystem

Gold and silver start the week on the front foot Gold (0.24%) and silver (0.82%) have both moved higher this morning ahead of the start of the new trading week. gold finished last week marginally higher and gapped up at the open on to pare some of those gains and trade at $1784.92/oz. Copper and oil have also had a good start to the week moving up 0.52% and 1.97% respectively. Over in the Asia Pac area, the risk sentiment…

Gold fails at $1,800, another selloff might be on is wtay   Even though gold stabilized after last week's flash crash, it failed to breach the $1,800 an ounce level. Markets are keeping a very close eye on the delta variant, Afghanistan headlines, and the Federal Reserve's tapering signals at the upcoming Jackson Hole meeting.   Here's a look at Kitco's top 3 stories of the week:   3. Gold price pauses near $1,800, analysts warn of another selloff  …

Gold and silver struggle leading into the European open Gold and silver have had a heavy session overnight with the yellow metal trading -0.61% lower while silver dropped -1.34%. In the rest of the commodities complex, spot WTI fell -0.61% and copper also struggled, losing -0.69% of its value. Following a poor performance on Wall Street, the Nikkei 225 (-1.10%), ASX (-0.50%), and Shanghai Composite (-0.52%) all underperformed. Futures in Europe are pointing towards a negative cash open. In FX…

Gold and silver move up ahead of the European cash open – After a bit of a choppy session yesterday gold is trading 0.36% higher leading into the European open on Wednesday. Silver has also moved into the black and trades 0.40% up at $23.73/oz. Looking at the rest of the commodities complex, copper (0.13%) and spot WTI (0.42%) are both trading higher too. In terms of risk sentiment, the Nikkei 225 (0.59%) and Shanghai Composite (0.76%) had a much-needed…

Gold stocks have highest cash flow ever, so why are prices down? Michael Gentile – The gold mining sector is demonstrating excellent fundamentals, representing a complete disconnect between intrinsic value and market value, said Michael Gentile, strategic investor. "The industry has never been better fundamentally at a time when the least amount of investors ever have interest in the sector," Gentile told David Lin, anchor for Kitco News. Gentile cited the highest free cash flow the sector has seen in…

Gold continues to rally now just $19 shy of $1800 In yesterday's opening letter, we talked about the potential for gold to stage a corrective upside rally based upon our current Elliott wave count using daily charts. Today we saw another 29 dollars taking gold prices substantially higher. As of 5:34 PM EST, Gold futures basis the most active December 2021. Comex contract is currently fixed at $1781.50, after factoring in today's net gain of $29.70. Today's continuation to the…

Gold price well off its lows – Twitterverse sees drop below $1,700 as a buying opportunity The price action in the gold market has turned from bad to worst as the precious metal dropped to a new low for the year at the start of the Asian trading session. However, some analysts see the price action as a major buying opportunity as they expect central banks will be slow to tighten monetary policy. December gold futures lost nearly $100 as…

Already down $50, but August could still be 'terrific' month for gold Just one week into August, and gold is already down more than $50. But can the last month of the summer still prove to be a "terrific" one for the precious metal? Here's a look at Kitco's top three stories of the week: 3. August could be a "terrific" month for gold and a "tough" month for the S&P 500, says CNBC's Jim Cramer 2. Ray Dalio opts…