News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Gold Market Wire... Gold Market Wire... Gold Market Wire
Gold Market Wire... Gold Market Wire... Gold Market Wire
***
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
***
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
***
Covid-19 Cases Climb as Deaths Dwindle
Covid-19 Cases Climb as Deaths Dwindle
***
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our monthly report
Market Info
Feature coming soon.
Thank you for your patience

Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Opening

Silver Pushes Higher

June 10, 2020 - (Gold Market Wire) - Today it's Silver's turn to take the lead while Gold chases, which is pretty much a reversal of yesterday. It's hardly dramatic action, but that's the sign of a sustainable rally.

slowly moving forward and higher

We closed out the clock fairly weak yesterday, at the minor support at 17.53 (electronic, not COMEX) and rallied on the opening of Asian trade, moving 23 cents higher. The trend is intact and so, the rally continues, for now.

The longer-term channel provides some perspective, and shows the "headroom" for Silver to rally in to.

Gold has been a laggard after leading the way yesterday, but chart-wise has made an interesting (small) gap up.

a decent move over the downtrending line

The gap is an encouraging move, even for a dull European a.m. We await New York, to see what the balance of the day will bring.

< Previous articleHome pageNext article >
<- Go Back