Can a hawkish Fed send gold down to $1900?
On Wednesday the Federal Reserve meet and STIR markets currently see around a 1 in 4 chance that they will hike by 25bps. A key part of the Fed meeting will be their messaging. Will they, like the BoC and…
commodities
Gold dips still worth buying?
Gold has been pressured recently on USD gains, and rising real yields. This has resulted in gold pulling back recently from recent highs and moving back towards key daily support levels. Many analysts are expecting the case to remain…
Platinum’s seasonals are stunning
There are few stunning seasonals as good as Platinum’s. The commodity is in hot demand at the start of the year as purchase managers make their purchases for industrial usage at the start of the year. This buying activity tends…
Seasonal trade of gold for the last month – review
Last month I took a long on gold based on its strong seasonal pattern in my trading community. See how I managed it here in line with the Fed’s so called dovish pivot at the last FOMC meeting and the…
Will gold prices lift higher after the Jackson Hole symposium?
At the last Jackson Hole Symposium Jerome Powell expected inflation to be transitory. He also told participants that he saw little evidence of wage increases at the time that might threaten excessive inflation. It is reasonable to expect Jerome Powell…
Will Dr Copper’s seasonal strength show?
One of the nicknames for copper is ‘Dr Copper’ due to the ability of the asset to diagnose the health of the global economy. Copper is a key commodity used in expanding and growing economies, so copper demand tends to…
Do gold’s seasonals still favour dip buying?
The run higher in gold has been fuelled by the fall in real yields and the USD. These falls came after the last Fed meeting which saw the Fed move to a ‘meeting by meeting basis’ as the Fed recognised…
Gold vs. NUGT & DUST mining index
The reasons for gold’s upside since the last FOMC meeting has been the falling USD and Real yields which provides a good lift for gold. As longs as investors continue to hold the view that the Fed will not need…
Will the Fed send gold higher tomorrow?
The Federal Reserve are expected to hike rates by 75 bps tomorrow and STIR markets see a 75%+ chance of a 100 bps hike. The strength this year of the USD has been one of the key reasons for gold’s…
Is silver set for a strong summer?
Silver and gold typically have a strong seasonal pattern around the summer months of July and August. This is in part due to jewellery stock purchases ahead of Christmas and buyers for the Indian wedding season. One of the other…