11th December, 2017

Monday, December 11

The U.S. is to release Jolts job opening data.

Daily Gold Market Report

Gold loses momentum – Analysis - 11-12-2017
Gold price fluctuates within sideways and tight track around 1245.00 level, noticing that stochastic loses its bullish momentum gradually to head towards the overbought areas, which forms negative factor that we are waiting to push the price to continue the bearish trend on the intraday and short term basis, witing to test 1240.85 level mainly, reminding you that breaking this level will push the price to head towards 1204.81 as next station. Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price managed to rally bullishly to breach 1263.15 level and hold above it. Expected trading range for today is between 1235.00 support and 1260.00 resistance. Expected trend for today: Bearish

Daily Silver Market Report

Silver is stable – Analysis - 11-12-2017
The tight range dominates Silver price trades after the decline that it witnessed in the previous sessions, and we still waiting to test 15.49 level that represents our current main target, noting that stochastic positivity interprets the reasons of the recent slight bullish bias. In generl, we still suggest witnessing more negative trading in the upcoming period as long as 16.56 level remains intact, as breaching this level will stop the current negative pressure and push the price back to its main bullish track, while breaking 15.49 represents the key to extend Silver price losses to reach 13.75. Expected trading range for today is between 15.60 support and 15.95 resistance. Expected trend for today: Bearish

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Gold / Silver / Copper Prices - Weekly Outlook: December 11 - 15

Investing.com - Gold prices fell to a four-month low on Friday and posted the largest weekly fall since May after Friday’s stronger-than-expected U.S. jobs report underlined expectations for a rate hike by the Federal Reserve at its upcoming meeting. Gold futures for February delivery settled down 0.22% at $1,250.30 on the Comex division of the New York Mercantile Exchange, after falling as low as $1,244.40 earlier, the lowest level since July 21.

Long-Term Analysis of the Silver Market

The silver market has once again caught investors’ interest as the price is nearing areas not seen since late 2008. // -- Discuss and ask questions in our community on Workplace. 2017 started at a low point for silver, and it seems it will end the year that way as well, meaning investors who bought at the beginning of the year haven’t suffered nor gained much.

Has Silver Found A Bottom?

Gold and silver fell convincingly below key technical levels over the past week. However, there are signs that a bottom could be forming in the iShares Silver Trust (SLV). If silver was not closely tied to the price of gold, I would be more convinced that a bottom was forming near $15/share. On the other hand, last week gold fell below three critical support levels: the 50- and 100-week moving averages, and an important uptrend support line. Since November 2016, the several sell-offs in gold have tended to last longer and fall further than the current one. Technically, gold looks like it could be heading toward the low $1,200s. Can silver find a bottom before gold does?

Gold's Time Is Nigh

Remember gold?It seems like only six years ago the shiny metal was flavor of the month, hitting a record $1,900 a troy ounce while its backers prophesied the end of the fiat money system.With bitcoin sucking up all the crazy in financial markets, gold looks to have lost its luster. The CBOE/Comex Gold Volatility Index, a rough proxy for the amount of fun and profit available for precious metal traders, touched a record low of 10.17 last month, from levels north of 37 back in 2011.

The hidden gold in devices

Gold is primarily used for investment or as jewellery. But, what most people do not know is that many products we use in everyday life from smart phones to cars and drugs contain 'gold' inside.According to a recent World Gold Council (WGC) technology report, use of gold in industrial applications, especially in electronics, was over 1,000 tonnes globally in the last four years.

Gold futures down at Rs. 28,487 per 10 gm

NEW DELHI, DEC 11: Gold prices fell 0.16 per cent to Rs. 28,487 per 10 grams at the futures trade as speculators reduced their positions amid weak global cues. At the Multi Commodity Exchange, gold for delivery in February fell Rs. 46 or 0.16 per cent to Rs. 28,487 per 10 grams in a business turnover of 40 lots. Similarly, the metal for delivery in April traded lower by Rs. 28 or 0.10 per cent at Rs. 28,480 per 10 gram in 3 lots.

Could gold do a bitcoin and hit $10,000 an ounce in 2018?

After bitcoin’s spectacular price spike this year, could gold be about to stage a similar grand finale to its bull market that began back in 2000? Bitcoin also took many years before its final speculative reach-for-the-sky. Indeed, the scramble to buy at the last minute has been reminiscent of gold’s previous price spike back in 1980 after a long run up in prices during the economically unstable 1970s.

According To Gold, Janet Yellen Mostly Got It Right

Criticizing the US Federal Reserve for weakening the value of the US dollar is almost every financial spectator's favorite past time. The fact that the US dollar has lost more than 95% of its purchasing power since 1913 (the year the Fed was established) relative to gold is a well-known fact. Given the loss of purchasing power over time, many believe that the Fed has failed in its mandate to maintain "price stability". As my former college professor Reuven Brenner writes, the true purpose of gold remains widely misunderstood.

The Dow Gold Ratio

This next set of ratio charts I consider to be the most important ratio charts if you are deciding whether to be an investor in the INDU or in Gold. When the price is rising The INDU ( Dow Jones Industrial Average ) (a proxy for General Stock Markets) is rising against Gold , and when it is falling Gold is rising against the Dow.

Gold little changed amid firm dollar

Gold heads for lowest level since May

Expect Gold to trade sideways: Sushil Finance

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