kinesis money system

The gold market went back to basics in the first quarter of 2021 as demand for jewelry and physical bars and coins supported a sharp drop in investment demand, according to the latest research from the World Gold Council (WGC). In its quarterly Global Demand Trends report, the WGC said that physical demand for the precious metal totaled 815.7 tonnes, virtually unchanged compared to the fourth quarter of 2020. However demand was down 23% compared to the fourth quarter of…

'We are sitting on economic cliff' – Gold price will be 'well north of $2,000 this year' – ex-JP Morgan MD nvestors could see a big move higher in gold soon, according to ex-JP Morgan managing director and now CEO of Trovio, Jon Deane, who sees prices trading well north of $2,000 an ounce this year. Inflation is already here, and the world is sitting on an economic cliff, which makes assets like gold, silver, and bitcoin very popular with investors,…

Gold and silver are marginally higher heading into the European open It has been another indecisive session for gold and silver overnight as they trade within their ranges. The yellow metal trades 0.04% higher at $1781/oz and silver is back above the psychological $26/oz handle but flat. It is once again copper stealing the show as the red metal trades 1.35% in the black and the base metal is very close to hitting $4.50/lb. Risk sentiment was mixed overnight. The…

Gold is trading marginally lower heading into the European open Gold and silver are started the European session slightly lower this morning following any major lack of direction in the Asia Pac session. The yellow metal trades at $1776/oz just under flat while silver has dropped nearly half a percent to trade at the 25.87/oz area. Copper has broken a big resistance at the previous wave high to trade at its highest level since August 2011 Risk sentiment in the…

Can massive bitcoin selloff push gold price above $1,800 next week? Gold attempted to tackle the $1,800 an ounce this week — a level, which once breached, could help get the precious metal above $1,900 an ounce, according to analysts. Even though the attack on $1,800 was unsuccessful for now, analysts remain optimistic on gold's near-term price direction. The positive outlook is largely due to two drivers — the recent bitcoin selloff and U.S. President Joe Biden's plan to nearly…

Gold moves slightly lower heading into the European open After another move higher during Wednesday's session gold is heading into today's European session 0.14% lower. Silver (-0.28%) is also slightly down but this pales in comparison to the 2.81% gain yesterday. After a strong close on Wall Street yesterday the ASX (0.83%) and Nikkei 225 (2.38%) bounced back from some recent weakness. The Shanghai Composite did not move in the same vein as it closed -0.38% lower overnight. FX markets…

Gold pushes higher ahead of the European market open Gold and silver are once again trading higher leading into the European open. Gold is 0.40% higher at $1785/oz while silver has moved up 1% to reach $26oz again. After inheriting a negative close from the U.S., bourses in the Asia Pac area have struggled overnight. The Nikkei 225 fell -2.03%, ASX -0.29% and the Shanghai Composite traded flat. In the FX markets, the majors traded within their ranges. The dollar…

Gold and silver prices spike, but can rally last? Jim Wyckoff on the long-awaited bull market Momentum has shifted back in gold and silver’s favor for now, said Jim Wyckoff, senior market analyst at Kitco News. “When we last talked, the markets, both gold and silver, were in a near-term price downtrend. Remember, we talked about key support levels that had to hold to keep prices from accelerating to the downside and those key price support levels, technical levels, did…

Gold, silver set back as chart-based sellers step in Gold and silver prices are lower in midday U.S. trading Monday, as the shorter-term futures traders are again pressing the short side of the markets to start the trading week, amid a lack of fresh, markets-moving fundamental news. June gold futures were last down $13.40 at $1,731.60 and May Comex silver was last down $0.505 at $24.82 an ounce. Global stock markets were mostly lower overnight. U.S. stock indexes are pointed…

Gold price kicks off Q2 with gains, but can it break out? The second quarter is already looking better for gold. The precious metal was up almost $50 dollars during the first week of April as it moved past its key resistance level of $1,750. But what happens next is critical — can gold finally hold above this level as analysts cite strength in the metal's latest move higher?   Kinesis Money Sytem – Manages your Gold and Silver –…