Yahoo! Finance: SI=F News
Given the weak close, we’re going to be watching trader reaction to the 50% level at $1682.40 early Friday. If we get a counter-trend bounce then look for the market to become rangebound with $1727.50 the top of the range and $1682.40 the bottom of the range.
The post Gold Price Futures (GC) Technical Analysis – Investors Done Chasing Market Higher, Looking for Value Now appeared first on WorldSilverNews.
Yahoo! Finance: SI=F News
Expectations were for a 68 Bcf draw
The post Natural Gas Price Prediction – Prices Rebound Following Inventory Build appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold prices are posting solid losses in midday U.S. trading Thursday and were near daily lows, following the U.S. stock indexes lower as they also extended daily losses.
The post Gold solidly down Thursday, following sell off in U.S. equities appeared first on WorldSilverNews.
Reuters/Samuel Shen and Emily Chow/4-28-2020
“The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.”
USAGOLD note: He went to say that gold’s gains since the start of the year are likely to be sustained. He says given the Fed’s opening of the “liquidity tap” will send the dollar into a “long-term depreciatory trend.” We do not believe that a super-sovereign currency is likely any time soon, though crisis has a way of upending the current order – whatever the current order might be.
We invite you take a look at this link to the U.S. Treasury Department’s table on the national debt since the beginning of the year:
TreasuryDirect-National debt
The last time we referenced this table (April 17) the national debt stood at just under $24.5 trillion. It is now $24.71 trillion. Another $210 billion has been added just over the past two weeks. Over $1.5 trillion has been added since the turn of the year and more than $1 trillion in the month of April.
