by Willard Kachere | Nov 11, 2020 | News & Analysis
Key points Pfizer’s vaccine rhetoric drives up marketsOPEC + contemplating extended production cutsOil related stocksEIA oil storage report on Thursday not Wednesday due to Veterans Day in the U.S. Oil prices rallied as a result of the news that Pfizer’s vaccine is...
by Willard Kachere | Nov 10, 2020 | News & Analysis
Key Points Monthly ascending channelRising Moving AveragePivot Points The market fundamentals that are currently driving Gold are the same across the entire precious metals spectrum. Silver is recently hit $30 per ounce before falling back in a pennant towards the $22...
by Willard Kachere | Nov 10, 2020 | News & Analysis
Key Points Robust mining stocks valueQuantitative Easing and Debt MonetizationCorrelation with the U.S. Dollar GDX is holding 53 different gold miners and is undeniably correlated to fluctuations in gold prices under most financial scenarios. Given the propensity of...
by Willard Kachere | Nov 9, 2020 | News & Analysis
Key Points Price recovery hinged on global economic performanceFederal Reserve Stimulus to push prices upCovid-19 vaccine good for industrial metalsPrices trading below ascending Pitchfork Platinum declined from $1000,00 per ounce when the global economy suffered a...
by Willard Kachere | Nov 6, 2020 | News & Analysis
Key Points OPEC considering extending production cuts until March 2021Prices subdued as virus cases continue to riseTechnical analysis, price at support level OPEC led by its de-facto leader Saudi Arabia is contemplating extending the current production cuts until the...
by Willard Kachere | Nov 6, 2020 | News & Analysis
Key Points Gold prices have been on an uptrend since the onset on the millenniumThe disputed U.S. elections in the year 2000GFC drove up precious metalsCentral Bank policies driving up Gold Gold has long been regarded as a stable store of value and as fiat currencies...
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