Morning all. Interesting chart from Bloomberg looking at the performance of $GOLD and $BTC I’ve added the Magenta lines to show the previous period where Gold outperformed Bitcoin and how it was Gold that consolidated while Bitcoin then played catch-up. Right now we have a similar divergence and it’s an […]
Commodities
8 posts
Morning all. US futures have recovered their overnight dip and risk sentiment is looking strong at the moment. I missed a bit of news yesterday that I’ve just seen when catching up on some stories. US Vice President Mike Pence during an interview stated that the US would see the […]
Morning all. I’m sure most of you have caught some $oil headlines, an unprecedented situation unfolding where a futures contract went into negative value. This is quite spectacular and even though I hold no Oil related investments at this time, these kind of events get my attention as an investor. […]
This past week has not been kind to Gold or any of the other precious metals. At a time of distressed global markets, many have fled to Gold for it’s reputation as a good ‘safe haven’ during times of trouble. For anyone seeking refuge in the warming light of Gold […]
Afternoon all. What a week we have brewing by the looks of things today. Looking at the weekend futures on IG, markets look like they could open about 2% down on Friday’s close and that is really nothing considering that there was a late day rally off the lows which […]
Surprising action from the precious metals today, $SILVER not displaying any safe haven characteristics. Silver has just retraced the entire move it started in December when Iran tensions started to flair and it just goes to show that all crisis are not created equal. This will disappoint a lot of […]
Morning all. Interesting to see $GOLD put in bit of a correction overnight and closed the Sunday night gap. I was looking at the start of January run higher in Gold when the US-Iran tensions spiked and price did a move above $1,600. As that tension dissipated, Gold put in […]
Update for Copiers I think the $COPPER chart is starting to look interesting. The extended shutdown in China of factories and businesses had a sharp impact at end of January but it started to bounce quickly when markets got ahead of themselves and thought everything was going to return to […]