9th January, 2018

Tuesday, January 9

Australia is to publish data on building approvals.
Germany is to report on industrial production and the trade balance.
The euro zone is to report on the unemployment rate.

Daily Gold Market Report

Gold awaits the breach – Analysis - 09-01-2018
Gold price continues to fluctuate around 1321.49 level, getting continuous positive support by the EMA50, which protects the continuation of the recently suggested bullish trend scenario, waiting to breach the mentioned level to confirm rallying towards the previously recorded top at 1357.53 as a next station. Holding above 1299.20 is important to onctinue the expected rise, as breaking it will push the price to visit 1281.17 areas initially before any new attempt to rise. Expected trading range for today is between 1310.00 support and 1335.00 resistance. Expected trend for today: Bullish

Daily Silver Market Report

No news for Silver – Analysis - 09-01-2018Silver price did not show any strong move in the previous days, and continues to fluctuate around 17.20 level, waiting to get rid of the negative momentum and gain enough positive momentum to push the price to resume the bullish bias on the intraday and short term basis. In general, we will continue to suggest the bullish trend in the upcoming period conditioned by holding above 16.55, reminding you that breaching 17.43 is required to push the price towards our next target at 18.30. Expected trading range for today is between 17.00 support and 17.42 resistance. Expected trend for today: Bullish

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Proposal for Photocard for Hallmarked Jewellery

Jewellers & bullion traders spar over gold import duty

Indian jewellers and bullion traders are divided over a potential reduction of import duty on the yellow metal, with a section urging New Delhi to cut the levy and the other opposing any change to the tariff structure to protect the interests of sovereign gold bond investors.

Hedge Funds Kick Off 2018 Piling Into Gold and Silver

(Kitco News) - Hedge funds continued to pile into silver and gold in the first few days of the new trading year, according to the latest trade data from the Commodity Futures Trading Commission. Analysts noted that the precious metals market looks attractive to fund managers as the U.S. dollar continued its sharp decline into 2018. Ole Hansen, head of commodity strategy at Saxo Bank, said that the U.S. dollar has lost ground as concerns continue to build over weak inflation pressures.

It&'s Time For The Fear Trade To Move Gold Prices

Gold Prices Decline In Asian Trading, Approach $1,315 Level

Gold prices inch up on scattered buying; silver declines

Gold prices inch up on scattered buying; silver declines

New Delhi: Gold prices rallied by Rs30 to Rs30,480 per 10 gram at the bullion market on Monday on mild buying by local jewellers, shrugging off a weak trend overseas. However, silver fell by Rs120 to Rs39,880 per kg due to reduced offtake by industrial units and coin makers amid weak global cues. Traders attributed the rise in gold prices to some buying by local jewellers at domestic spot markets, but a weak trend overseas capped the rise. Globally, gold rate fell 0.11% to $1,317.30 an ounce and silver by 0.38% to $17.09 an ounce in Singapore.

Silver Technical Outlook: Resistance Threatens Rally

The rally in silver (gold, too) has been impressive, and one we admittedly didn't think would commence until a little more weakness was seen first. But, nevertheless, here we are trading well over 17 after traversing the mid-15s just a month ago.

Gold prices dip on outlook for US rate hikes

Spot gold had slipped 0.3 per cent to $1,317.06 an ounce by 0110 GMT. Last week, prices touched their highest since Sept. 15 at $1,325.86. US gold futures were down 0.2 per cent at $1,318.10 an ounce. The dollar index, which tracks the greenback against a basket of six major rival currencies, was steady on the day at 92.337 .Underpinning the dollar, investors bet on further US interest rate hikes after Friday's payrolls data did nothing to challenge the outlook for monetary policy tightening by the US Federal Reserve. While job growth slowed more than expected, a pickup in monthly wages pointed to labour market strength.

Equinox Gold to start full-scale construction at Brazilian mine

Recently formed Equinox Gold (TSX-V:EQX) announced that its board of directors approved $146 million for the full-scale construction at the Aurizona Gold mine, located in the Maranhão state of north-eastern Brazil.

Gold and Silver 2018 Outlook - The Fundamental Technician

(Kitco News) - Historically, gold has held a special place in the currency world; as a store of value whose level of supply is outside of the control of the world's central banks. As the world's premiere hard currency, gold has tended to trade in opposition to the world's premiere paper currency, the U.S. Dollar. Since bottoming out in late 2015, gold has been steadily recovering with some setbacks along the way. The first setback, in late 2016 coincided with the election of President Trump and the emergence of a more hawkish Federal Reserve, which boosted the value of the U.S. Dollar. With other central banks starting to normalize monetary policy, particularly in Canada and the UK, the U.S. Dollar eased back in the second half of 2017, enabling gold to resume its uptrend.

Gold Rate Today: Gold trades flat in morning deals

Gold prices were trading on a flat note in morning deals on Tuesday on account of subdued demand for the precious metal from jewellers, retailers and investors. MCX Gold futures were trading at Rs 29,262, up Rs 1 against its previous close at around 10.55 am (IST). Angel Commodities in a research report said, "We expect gold prices to trade sideways on Tuesday as global investors will await US inflation numbers for further cues on pace of future rate hikes."

Gold Weekly: Speculative Buying Frenzy Begins

To do so, I analyse the recent changes in net speculative positions on the Comex (based on the CFTC statistics) and ETF holdings (based on FastMarkets' estimates) and draw some interpretations about investor and speculator behavior. I conclude the report by sharing my trading positioning.

3 Small Cap Gold Stocks Scoring Good On FCF Yields

In our gold universe, we were able to screen for gold stocks. We filtered out stocks whose free cash flow (FCF) yields are approximately close to the global average of 6.2%, but not greater than the lower limit of negative -20%. A gold mining company is usually generating ample cash that is used to run and help it to grow. Free cash flows must always come in positive. However, there are some gold companies that are not able to generate sufficient cash to support their businesses. This results in negative free cash flows. These companies are investing heavily to immediately grow their mining businesses.

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