kinesis money markethive

Current weakness in gold is ‘extremely appealing’ – Rick Rule and Amir Adnani Should sentiment for the precious metals return to a level more in line with the historical average, demand for gold will skyrocket, Rick Rule, director of Sprott in a panel discussion with Amir Adnani, chairman of GoldMining and CEO of UEC. Adnani added that investors in the resource sector need to take a long-term view for their time horizon.   Try Kinesis Money System Exchange Gold, Silver…

Potential short-term bottom identified by a two-day candlestick pattern While it is a little too early to say that the price correction in gold which began on the 23rd of last month is over, the first signs of a potential bottom have appeared today. Gold pricing did recover this morning, however at the same time, gold traded to the lowest intraday price of $1676 since the intraday low of $1666.50 seen on April 21st. If this low achieved today holds…

Gold breaks above neckline of inverse head and shoulders, higher prices ahead Today market participants witnessed a rare event with the U.S. equities rallying approximately 7% on the day based upon diminishing fears of the coronavirus, as the safe haven class rose between 3.6% (gold) and 5.39% (Silver) based upon the fact that the coronavirus is about to reach its apex in the United States this week. This seemingly large swing in market sentiment is viewing the glass both half-empty…

Gold logs first loss in 4 sessions as the U.S. stock market rebounds from worst day since 2008 Gold futures settled lower on Tuesday for the first time in four sessions as U.S. stocks looked to rebound from their steepest one-day loss since 2008 and as government bond yields jumped off historic lows seen after a coronavirus and crude-oil sparked plunge on Monda “Gold has not been the clear-cut winning trade as many investors are also looking to scale back…