kinesis money system

Gold bounces back from yesterday’s lows leading into the European open

Gold bounces back from yesterday's lows leading into the European open Gold bounced back from the lows of $1795.14/oz seen yesterday to trade at $1817.20/oz leading into the European session. Silver has not recovered in the same fashion as its precious metal counterpart and trades flat at $25.15/oz. In the rest of the commodities complex, after a tough session yesterday, copper has moved 0.69% higher and spot WTI has pushed up a tiny bit after a dramatic -6.80% fall following…

Read More

Gold and silver move lower leading into the European open

Gold and silver move lower leading into the European open Gold and silver are starting the week on the soft side after falling during the Asia Pac session. The yellow metal trades -0.29% lower at $1805/oz while silver has lost just over 1%. In the rest of the commodities complex, copper continues to trade sideways after falling another -0.50% and spot WTI is also down -0.48%. The risk sentiment was also poor overnight as the Nikkei 225 (-1.25%) and ASX…

Read More

Is the US dollar doomed?

Is the U.S. dollar doomed? The inflation debate is back in the headlines, but gold is trading down nearly 1% on Friday. Analysts are keeping a close eye on the U.S. dollar and the bond market for clues as to where gold might head next.   Here's a look at Kitco's top three stories of the week: 1. Hot inflation and better-than-expected retail numbers. 2. Federal Reserve Chair Jerome Powell testifies before Congress. 3. Firmer USD weighs on gold, but…

Read More

Don’t chase gold and silver at these levels but buy the dips – Carley Garner

Don't chase gold and silver at these levels but buy the dips – Carley Garner Although the first quarter should represent the low in precious metals, one market strategist warns investors not to chase the market at current levels. In an interview with Kitco News, Carley Garner, co-founder of the brokerage firm DeCarley Trading, said that she has been bullish on gold since March and is expecting prices to end the year much higher. However, she added that there is…

Read More

Gold holds steady above 1800 but fails to truly break out to higher prices

Gold holds steady above $1800 but fails to truly break out to higher prices Continued pressure from exceedingly strong U.S. equities markets coupled with dollar strength has curtailed any continuation of the momentum created from the most recent rally. Gold hit an intraday low on June 29 of approximately $1750 and then traded higher for the next five consecutive trading days. This took gold futures above their 100-day moving average, which is currently fixed at $1789.80, before forming a base…

Read More

Gold and silver trade lower leading into the European open

Gold and silver trade lower leading into the European open Gold and silver are leading into the first day of the trading week in the red. After closing 1.15% higher last week the yellow metal has lost nearly half a percent to trade at the psychological $1800/oz level once again. Silver has just dipped under the $26./oz mark and the support to watch is holding at $$25.51/oz. In the rest of the commodities complex, copper is down -0.75% and spot…

Read More

Is Bitcoin evolving into a universal all-use currency? Lyn Alden on reaching ‘steady state’ growth

Is Bitcoin evolving into a universal, all-use currency? Lyn Alden on reaching 'steady state' growth Bitcoin is fast emerging as a viable form of payment, thanks to improvements in its transaction speeds and reductions in costs from layer 2 payment protocols like Lightning Network, but its utility as a currency makes more sense in some situations than others, said Lyn Alden, founder of Lyn Alden Investment Strategy. El Salvador has recently made Bitcoin legal tender, and in a country where…

Read More

Gold and silver trade lower heading into the European session

Gold and silver trade lower heading into the European session After a promising start to the U.S. session yesterday gold (-0.24%) ended up closing -0.09% lower and that bearishness has continued today. It was a similar story for silver which now trades at $25.77/oz down 0.48% leading into the European session. In the rest of the commodities complex, copper is 0.19% in the black and spot WTI is flat.   Indices in the Asia Pac area followed the downbeat tone…

Read More

Gold and silver move higher heading into the European open

Gold and silver move higher heading into the European open Although gold closed higher during Tuesday's session it retreated from the high of $1815.05/oz and this morning the yellow metal has once again moved higher in the Asia Pac session to trade just above $1800/oz. Silver ($26.32/oz) has also moved higher but has not pared all the losses from yesterday's session. In the rest of the commodities complex, copper trades 1.47% higher at $4.30/lb and spot WTI is trading flat…

Read More

Gold and silver move higher leading into the European open

Gold and silver move higher leading into the European open Gold has had another great session overnight breaking out of its consolidation area between $1797.21/oz and $1750.78/oz to the upside. Silver has also followed suit to trade 0.77% higher at $26.63/oz. In the rest of the commodities complex, copper is building on gains seen yesterday to trade 1.29% higher and spot WTI trades at $76.74/bb the highest level since November 2014. Looking at the risk sentiment from overnight, the ASX…

Read More