India Looking To Reduce Gold Imports
An unnamed senior India ministry has indicated that India is likely to announce procedures to reduce gold imports as early as today.
GLD
Silver Gains But Bearish Tone Remains
With another trading week over, and Non Farm Payroll having come and gone for another month, markets in general are now looking forward, as the minor reversal in the US dollar’s unstoppable progress appears to have simply been a temporary pause and reaction to the worse than expected employment data.
Trap Door Opens For Gold And Silver
For equity bulls, the nightmare is over for now. For gold and silver bugs it’s just beginning. If yesterday’s price action was concerning, the overnight news from Japan has opened the trap door for both metals, which has seen them plunge in early trading, as the Bank of Japan sent shock waves through the market announcing an acceleration of its bond buying program.
October, A Game Of Two Halves For Gold
For gold, October could best be described as a game of two halves, with the rally of the early part of the month, now appearing to have run out to steam as the longer term bearish sentiment begins to dominate once more.
Bears Tighten Their Vice Like Grip On Commodities
Yesterday’s trading session for commodities was an interesting one to say the least, with oil prices slumping, gold prices whipsawing, and silver prices breaking lower with momentum, as the bears continue to maintain a vice like grip on the market.
Gold Futures Continue To Remain Heavily Bearish
For gold bugs, yesterday’s gold trading session was another of those which promised much but delivered little, as the precious metal attempted to rally early in the session, before the weight of selling pressure overwhelmed the beleaguered bulls once more. The pattern for gold is now becoming remorseless and repetitive, with bearish sentiment now dominating, and as each rally comes and goes, the metal moves ever lower on the longer
Another Nightmare for Gold Bugs!
As US markets returned to work yesterday after the long Labor day weekend, and an even longer summer, trading for gold started with a bang.
Bearish sentiment for gold accelerates with volume leading the way
The last few days have seen some clear and unequivocal signals from the gold futures chart, that the precious metal is on the way lower, something I have been suggesting for several weeks.
Gold Remains Heavily Bearish On The Daily Chart
Gold futures sold off sharply once again yesterday, with the precious metal plunging through the $1300 per ounce level, to close the trading session for the December contract with a wide spread down candle shedding $14 per ounce on the day.
Trade Alert – New Position – AUY
Option Alert Service Signal New Trade Suggestion