One should expect a sharp rise higher in gold… by David Brady via Sprott Money We have tried to break 1800 in Gold on at least 4 occasions and we’re […]
Categories
Month: May 2021
In a bid to buy time to unwind massive interconnected unallocated positions… Samuel Briggs via Kinesis LBMA Clearing Banks Risk Complete Collapse In this week’s Live from the Vault, Andrew […]
Categories
Gold Stocks: Massive Breakouts In Play
Watch for a… by Morris Hubbartt Super Force Signals A Leading Market Timing Service We Take Every Trade Ourselves! Email: trading@superforcesignals.com trading@superforce60.com Here are today’s videos and charts. The videos […]
Polkadot has risent greater than 1,200% since trading started in September, 2020, and also it now the eight biggest altcoin by market capitalization.
Greg King, Chief Executive Officer as well as owner of Osprey Funds, just recently introduced the Osprey Polkadot Depend on, a fund based upon the Polkadot coin for exclusive placement.
Speaking to David Lin, anchor for Kitco, King said that one of the factors for Polkadot's dramatic surge in value results from "alt season," a time when altcoins outmatch the larger cryptocurrencies, like Bitcoin, throughout a bull rally.
0:00 – Polkadot's usage instances
11:00 – Crypto index funds and guideline
14:35 – Dogecoin
__________________________________________________________________
Kitco News is the globe's # 1 source of metals market info. Our videos feature meetings with noticeable market numbers to bring you market-affecting insights, with the objective helpful people make notified investment choices.
Sign up for our channel to keep up to day on the most up to date understandings moving the steels markets.
For even more breaking news, visit
Follow us on social media:
Facebook –
Twitter –
StockTwits –
Live gold cost and charts:
Live silver cost and graphes:
Don't fail to remember to sign up for Kitco News' Weekly Roundup– appears every Friday to evaluate the hottest tales & video clips of the week:
Join the conversation @ The Kitco Forums and also become part of the premier on-line neighborhood for precious metals financiers:
Disclaimer: Videos are not trading recommendations as well as the sights expressed may not show those of Kitco Metals Inc
.
Gold price sees best week in 6 months Kitco NEWS
Categories
Gold Pops as April Jobs Report Disappoints
Yesterday’s release of the April Non-Farm Payrolls report fueled a new gold rally. The yellow metal gained over $20 per ounce on the news.
The jobs report was a major piece of economic data-possibly the most important of the month.
Expectations were high-consensus estimates were looking for an additional 1 million jobs created last month as the economy looks to rebound from the viral pandemic. The 266,000 jobs added was far below that expectation, however, as the government-reported unemployment rate also ticked higher to 6.1%.
There are two primary issues at work in gold that could point to higher prices.
The first issue is the data weakness itself. If the jobs market is not strong and recovering, it stands to reason that other parts of the economy may also weaken.
April’s major jobs miss, in fact, will almost certainly throw cold water all over the notion of the Fed having to hike rates much sooner than expected. The non-farm data will give the central bank plenty of room to hold tight, maintaining ultra-low interest rates while also continuing its bond buying.
In other words, the lousy report is another sign the Fed will keep its foot on the gas pedal.
Not only does the poor data potentially affect the gold market, but the technical outlook for gold also saw marked improvement this week.
After breaking above key resistance at $1,800 on Thursday, the follow-through buying on Friday ended the week on a strong note. This market strength may bleed into next week, possibly fueling further buying and price gains in the days ahead.
The lack of momentum in gold this year had eroded much of the confidence in the market. Hedge funds recently lowered their bullish posturing in the gold market, according to CFTC data.
The yellow metal appeared stuck between the $1,700 and $1,800 levels and neither the bulls nor the bears seemed eager to make a move without some type of confirmation.
The bulls were provided that confirmation this week, however, as the market decisively took out the $1,800 level on a weekly closing basis.
As the old saying goes: “Good things come to those who wait.” That saying may be very indicative of gold’s future as the yellow metal potentially takes out previous all-time highs. A long, slower trend higher may also prove to be more sustainable compared to a quick, rapid move higher like the ascent seen in Bitcoin.
The yellow metal is poised for further upside, although there will be some hurdles along the way. Improving economies, monetary policy decisions may all play a role in gold’s future.
Regardless, the yellow metal appears to be in a very strong position to continue its climb higher. Easy monetary policies, stock volatility, dollar weakness and rising inflation are a few of the things that may keep the gold bulls motivated in the months ahead.
Anyone who believes the “rich” and large corporations will pay for $28 trillion in debt or the $2 trillion in new deficit has a real problem with math… by Daniel […]
The Great Rotation of global assets is coming and multiple factors are now aligned making precious metals extremely bullish… Tavi Costa with Patrick V. on Silver Bullion TV SBTV speaks […]
The record up till the present moment shows America as still retaining its title as being the… by Eric Zuesse, originally posted at Strategic Culture Early in the “coronavirus-19” — subsequently […]
People loved it when the federal government started sending out big, fat stimulus checks, but you aren’t going to love it when a cart of food costs you $400… by […]