Gold Prices Up 1 Percent on Dollar Retreat, Short Covering Rally

Gold Silver Reports (GSR) – Spot gold was up 0.90 percent at $1,212.20 per ounce. This was the metal’s biggest one-day gain in nearly two weeks. Prices had slipped to their lowest since Oct. 11 at $1,195.90 in the previous session. U.S. gold futures settled up $8.70, or 0.72 percent, at $1,210.10 

Read More →

Silver Weekly Performance Report: Fighting The Bearish Momentum

📌 Silver has a tough year, down 16% YTD.

📌Spec positioning in Comex silver is extremely negative, the CFTC shows.

📌Contrary to gold, silver-ETF investors are value-driven, FastMarkets’ estimates show.

📌I expect silver to win its fight against the present bearish momentum.

📌I propose SLV to take advantage of a potential rally in spot silver prices in Q4 2018.

Read More →