kinesis money system

Gold kicks off the week flat leading into the European session After closing 0.39% higher last week gold kicks of the week flat. Overnight the yellow metal gapped lower to trade at $1767.20 but has since recovered to start the European session at $1786.31/oz. Silver is 0.20% higher at $26.50/oz and had no such problems at the open. In the rest of the commodities complex, copper has moved 1.59% higher and spot WTI hangs high at the lofty level of…

After the worst June since 2013, is gold price ready to rebound? After dropping more than 7% in June, gold is trying to rebound. Can the precious metal see $1,800 an ounce breached next week as higher inflation continues to worry industry experts? Here's a look at Kitco's top three stories of the week:   !. Gold saw its worst June since 2013   2. Is recession next? El-Erian is concerned the 'Fed is falling behind' on inflation story  …

Gold price has a chance to break out next week, here's why – analysts Gold could see a significant rally above the $1,800 an ounce level next week after the release of the Federal Reserve's June monetary policy meeting minutes, analysts told Kitco News. One of the biggest events to watch next week will be the Federal Reserve's monetary policy meeting minutes. The meeting, which took place in mid-June, triggered a significant selloff in gold. "Markets are expecting a hawkish…

Gold and silver start the European session mixed Gold and silver are trading mixed this morning. The yellow metal suffered from more losses on Tuesday after hitting a low of $1750.78/oz and this morning the price is around $9 higher. Silver on the other hand trades at $25.81/oz 0.28% higher overnight after also dropping in yesterday's session. In the rest of the commodities complex, copper has moved to $4.25/lb 0.14% higher and spot WTI is trading just under flat at…

Gold, silver price unleashed – Will this summer be as explosive as 2020's? It's going to take gold until the end of the year to rally to $2,000 an ounce, said Phil Streible, chief market strategist of Blue Line Futures. "I really believe [gold] could get going. $2,000 would capture some headlines on the upside. I think it has the right dynamics for it. You need the Fed to backpedal. You need growth to kind of stall," Streible told David…

Basel III to take gold to record highs? After an unexpected selloff last week, gold is busy building support. But the $1,800 level is proving to be a struggle.   Here's a look at Kitco's top three stories of the week: 1. The Yellen-Powell duo keeps the markets on their toes as they talk down the Federal Reserve's hawkish June monetary policy meeting. Federal Reserve Chair Jerome Powell' comments U.S. Treasury Secretary Janet Yellen's comments 2. Bitcoin drops below $30,000,…

Gold and silver are trading higher ahead of the European open Gold and silver are trading higher leading into the European session on the last trading day of the week. On Thursday gold had another tricky session hitting a high of $1788.1/oz before closing lower and finishing the session at $1775.22/oz. Silver on the other hand has had two days worth of gains and has made a good start so far this morning. In the rest of the commodities complex,…

Gold's shocking fall: Is the bull market over? Gold shed nearly $100 in just 24 hours this week, with the precious metal dropping 5% on Thursday. The trigger was the Federal Reserve's interest rate announcement. A surprisingly hawkish stance led to some chaotic trading and gold dropped below the $1,800 an ounce. Here is a look at Kitco's top three stories of the week: 1. Federal Reserve signals it could raise rates twice in 2023 2. Why is gold down…

Gold is in a bearish correction or trend 6/18/21 On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5 of this. This is ON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2 high and rolled over $412.8 into the macro bearish correction warned about. The decent trade below $1,879.3 projects this downward $24 minimum, $76 (+) maximum. We attained $111.4. I warned we will likely have to…