Kinesis money

U.S. equities and the U.S. dollar weigh heavily on gold pricing There were mixed results in the precious metals today, with extreme dollar weakness providing a tailwind. While gold traded lower on the day, the industrial precious metals including platinum, palladium and silver all closed with gains. The industrial precious metals benefited from the reversal in U.S. equities from negative to positive on the day. However, the most noteworthy aspect in the precious metals’ futures market today was the exaggerated…

Market volatility is bullish for gold: Is $1,800 back on the table next week?Anna Golubova Anna Golubova Gold is on a roll as market volatility is working in favor of higher prices amid renewed concerns about the U.S. economic recovery and the second COVID-19 wave. But is it enough to finally break gold out of its trading range? Gold has turned its losses around this week with the precious metal rallying 3.5% since last Friday's close after the Federal Reserve…

The Potential Looming Catalyst for Silver No One Sees Coming There are a number of catalysts that could ignite the silver market over the coming months and years. To Mike and I it seems inevitable that silver will be a direct beneficiary of the monetary madness that defines the world of central banking today. Give us some headline-making inflation, for example, and a roaring bonfire in the silver market will be underway. But there’s another potential catalyst that is so…

If gold is gaining why is M&A muted? The Fed announcement on Wednesday that interest rates would stay unchanged, as well as signaling no rate hikes through 2022, sent gold higher with Comex gold futures finishing the week $32 higher at $1,737 an ounce. Kitco's Michael McCrae and Neils Christensen sat with sector specialist Luis Rivera to discuss where gold could be headed next. Money is flowing into the mining sector, but M&A could be muted by COVID-19 restrictions. Twenty-twenty's…

Gold to shed $150 by year-end as fear of runaway prices is premature: Capital Economics Gold prices are likely to end the year at $1,600 an ounce, which is $150 below the current level of $1,750 an ounce, according to Capital Economics. The main reason for such a bearish outlook is the argument that fears of runaway inflation are premature in the short and medium term, said Capital Economics commodities economist James O’Rourke. 74% of retail investor accounts lose money…

The Federal Reserve signal's ZERO is here to stay Today the Federal Reserve convened this month’s FOMC meeting. The most important statement made by the Fed at the conclusion of this meeting was that the United States Federal Reserve does not plan to raise interest rates until 2022. Interest rates will stand where they currently are; at near zero. The Fed also reiterated that the Central Bank will continue to buy Treasuries as well as mortgage-backed securities at the current…

QCP Capital crypto market update – June 08, 2020 Friday's incredibly positive US Non-Farm Payrolls number has led to the largest divergence between Gold and S&P 500 prices since the March lows (Orange line & Red line respectively in the chart below) – with Gold lower and Equities higher. The big question for us is which will BTC follow? Or will it get stuck in the cross-current? Since end-April, BTC (Beige line) has tracked Gold much closer than it has…

Gold price has room to move lower after market rocked by Friday’s employment data – analysts The gold market is seeing some stability at the start of the new trading week as prices try to recover from Friday's roughly 3% selloff. August gold futures last traded at $1,689.50 an ounce, up 0.39% on the day. The precious metal took a significant hit Friday. It saw a substantial break below critical support at $1,700 an ounce after employment data showed that…

Gold continues to trade lower as U.S. Labor Department releases May jobs report This week the two important jobs reports were released. Both reports had a profound and bullish impact on U.S. equities, and had the exact opposite effect on the safe haven asset gold, taking prices dramatically lower. On Wednesday ADP released their report which indicated that private sector employment decreased by 2,760,000 individuals in the month of May. While that number might be considered high when compared to…