Daily Gold News: Thursday, July 2 – Gold Going Sideways Ahead of Data, Long Holiday Weekend

The gold futures contract lost 1.14% on Wednesday after reaching new long-term high of $1,807.70. The market has retraced its Tuesday’s advance following intraday reversal and a breakdown below $1,800 mark. The recent economic data releases didn’t bring any new surprises for the financial markets. However, gold broke above medium-term local highs, as we can see on the daily chart:

Gold is 0.2% higher this morning, as it retraces some of yesterday’s decline. What about the other precious metals? Silver lost 2.25% on Wednesday and today it is trading 0.2% lower. Platinum lost 1.97% yesterday and today it is 0.4% higher, Palladium lost 1.84% and today it’s 0.1% lower. So precious metals are going sideways this morning.

Yesterday’s ADP Non-Farm Employment Change number came out slightly worse than expected. And the ISM Manufacturing PMI release has been better than expected. The markets are now waiting for today’s U.S. monthly jobs data release at 8:30 a.m. We will likely see an increased volatility following the announcement.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, July 2

  • 5:00 a.m. Eurozone- PPI m/m, Unemployment Rate
  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Unemployment Claims, Trade Balance
  • 10:00 a.m. U.S. – Factory Orders m/m
  • 9:45 p.m. China – Caixin Services PMI

Friday, July 3

  • 3:50 a.m. Eurozone – French Final Services PMI
  • 3:55 a.m. Eurozone – German Final Manufacturing PMI
  • 4:00 a.m. Eurozone – German Final Manufacturing PMI
  • All Day, U.S. – Bank Holiday

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, July 1 – Gold at $1,800 Mark

The gold futures contract gained 1.08% on Tuesday, as it extended its medium-term uptrend following breaking above last week’s Wednesday’s local high. The market has reached new long-term high of $1,804.0 yesterday. The recent economic data releases didn’t bring any new surprises for the financial markets. However, gold broke above medium-term local highs, as we can see on the daily chart:

Gold is unchanged this morning, as it remains close to yesterday’s daily close. What about the other precious metals? Silver gained 3.17% on Tuesday and today it is trading 0.5% higher. Platinum gained 2.78% yesterday and today it is 1.5% lower, Palladium gained 1.75% on Tuesday and today it’s 1.3% lower. So precious metals are mixed this morning.

Tuesday’s Consumer Confidence release was better than expected. Then stocks were advancing following Fed Chair Powell’s testimony. And today’s ADP Non-Farm Employment Change number came out slightly worse than expected. Investors will now wait for the ISM Manufacturing PMI release at 10:00 a.m., among others.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, July 1

  • 3:50 a.m. Eurozone – French Final Manufacturing PMI
  • 3:55 a.m. Eurozone – German Final Manufacturing PMI
  • 4:00 a.m. Eurozone – Final Manufacturing PMI
  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
  • 2:00 p.m. U.S. – FOMC Meeting Minutes
  • All Day, Canada – Bank Holiday

Thursday, July 2

  • 5:00 a.m. Eurozone- PPI m/m, Unemployment Rate
  • 8:30 a.m. U.S. – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Unemployment Claims, Trade Balance
  • 10:00 a.m. U.S. – Factory Orders m/m
  • 9:45 p.m. China – Caixin Services PMI

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Daily Gold News: Tuesday, June 30 – More Short-Term Uncertainty Ahead of Economic Data

The gold futures contract gained 0.05% on Monday, as it extended its short-term consolidation along last Wednesday’s new yearly high of $1,796.10. The market continued its long-term uptrend last week. The recent economic data releases didn’t bring any new surprises for the financial markets. However, gold broke above the medium-term local highs, as we can see on the daily chart:

Gold is trading 0.2% lower this morning, as it is fluctuating within a short-term consolidation. What about the other precious metals? Silver gained 0.16% on Monday and today it is 0.2% lower. Platinum gained 1.09% yesterday and today it is unchanged, Palladium gained 2.04% on Monday and today it’s down 0.1%. So precious metals extend their short-term fluctuations this morning.

Yesterday’s economic data releases from China have been slightly better than expected. The PMI numbers are above 50 mark again. Today we will get the important Consumer Confidence release at 10:00 a.m. and then at 12:30 p.m. the Fed Chair Powell will testify. But investors will be waiting for Thursday’s monthly jobs data release. And tomorrow we will get the ADP Non-Farm Employment Change along with the ISM Manufacturing PMI numbers.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, June 30

  • 8:30 a.m. Canada – GDP m/m
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – CB Consumer Confidence
  • 12:30 a.m. U.S. – Fed Chair Powell Testimony
  • 2:00 p.m. U.S. – FOMC Member Kashkari Speech
  • 9:45 p.m. China – Caixin Manufacturing PMI

Wednesday, July 1

  • 3:50 a.m. Eurozone – French Final Manufacturing PMI
  • 3:55 a.m. Eurozone – German Final Manufacturing PMI
  • 4:00 a.m. Eurozone – Final Manufacturing PMI
  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices
  • 2:00 p.m. U.S. – FOMC Meeting Minutes
  • All Day, Canada – Bank Holiday

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, June 29 – Gold Closer to Long-Term High Again

The gold futures contract gained 0.55% on Friday, as it continued to trade along Wednesday’s new yearly high of $1,796.10. The market has extended its long-term uptrend last week. The recent economic data releases didn’t bring any new surprises for the financial markets, however, gold broke above its local highs, as we can see on the daily chart:

Gold is trading 0.3% lower this morning, as it is further extending the short-term consolidation. What about the other precious metals? Silver gained 0.78% on Friday and today it is 0.1% lower. Platinum gained 2.07% on Friday and today it is 1.0% higher, Palladium gained 2.67% on Friday and today it is up 0.9%. So precious metals are mixed on Monday’s morning.

On Friday we got the Personal Spending/ Personal Income numbers along with Core PCE Price Index and the Revised UoM Consumer Sentiment number. The data have been generally as expected. This week we will get the important monthly jobs data on Thursday preceded by Wednesday’s ADP Non-Farm Employment Change release.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, June 29

  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • 9:00 p.m. China – Manufacturing PMI, Non-Manufacturing PMI
  • All Day, Eurozone – Italian Bank Holiday

Tuesday, June 30

  • 8:30 a.m. Canada – GDP m/m
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – CB Consumer Confidence
  • 12:30 a.m. U.S. – Fed Chair Powell Testimony
  • 2:00 p.m. U.S. – FOMC Member Kashkari Speech
  • 9:45 p.m. China – Caixin Manufacturing PMI

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Friday, June 26 – Gold Retracing From Wednesday’s High

The gold futures contract lost 0.25% on Thursday, as it retraced some of the recent advance. The market got very close to $1,800 mark on Wednesday but then it has reversed lower. The recent economic data releases didn’t bring any new surprises for the financial markets. However, gold broke above its local highs, as we can see on the daily chart:

Gold is unchanged this morning, as it is continues to fluctuate along Wednesday’s and yesterday’s closing prices. What about the other precious metals? Silver gained 1.27% on Thursday and today it is 0.3% higher. Platinum lost 0.24% and today it is trading 0.3% lower. Palladium lost 2.30% yesterday and today it is up 0.8%. So precious metals extend their short-term consolidation today.

Financial markets are waiting for today’s U.S. economic data releases. We will get the Personal Spending/ Personal Income numbers along with Core PCE Price Index at 8:30:0 a.m. Then the Revised UoM Consumer Sentiment number will be released at 10:00 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, June 26

  • 8:30 a.m. U.S. – Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Thursday, June 25 – Gold Backing Off New Multi-Year High

The gold futures contract lost 0.39% on Wednesday after reaching new long-term high of $1,796.10. The market got very close to $1,800 mark but then it has retraced the whole intraday advance. The recent economic data releases didn’t bring any new surprises for the financial markets. However, gold broke above the recent highs, as we can see on the daily chart:

Gold is 0.1% higher this morning, as it is fluctuating along yesterday’s closing price. What about the other precious metals? Silver lost 2.18% on Wednesday and today it is 0.6% higher. Platinum lost 4.94% and today it’s up 0.8%. Palladium lost 3.21% yesterday and today it is 0.2% higher. So precious metals are mixed following yesterday’s declines.

Financial markets went risk-off yesterday’s despite better-than-expected German ifo Business Climate number release. Investors will wait for series of the U.S. economic data releases today. We will get the GDP number, Unemployment Claims and Durable Goods Orders at 8:30 a.m. The final GPD is expected to be at -5.0%. And the Unemployment Claims are set to remain well above 1 million.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, June 25

  • 7:30 a.m. Eurozone – ECB Monetary Policy Meeting Accounts
  • 8:30 a.m. U.S. – Final GDP q/q, Unemployment Claims, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Preliminary Wholesale Inventories m/m, Goods Trade Balance
  • 4:30 p.m. U.S. – Bank Stress Test Results
  • All Day, China – Bank Holiday

Friday, June 26

  • 8:30 a.m. U.S. – Personal Spending m/m, Personal Income m/m, Core PCE Price Index m/m
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, June 24 – Gold Crawling Higher but Precious Metals Mixed

The gold futures contract gained 0.88% on Tuesday, as it further extended its last Friday’s advance. The market got closer to $1,800 mark. Last week’s Powell’s testimonies on Wednesday, Thursday and his Friday’s speech didn’t bring any new surprises for the financial markets. But gold broke above the recent local highs, as we can see on the daily chart:

Gold is 0.2% higher this morning, as it is slightly extending the advance. What about the other precious metals? Silver gained 0.90% on Tuesday and today it is 1.0% lower. Platinum gained 0.32% and today it is down 2.2%. Palladium gained 0.46% yesterday and today it is trading 0.4% higher. So precious metals are basically mixed today.

Today’s German ifo Business Climate number has been slightly better than expected. But financial markets are going risk-off this morning, as stocks are set to open 0.3-0.8% lower at 9:30 a.m. Investors will wait for series of economic data releases tomorrow.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, June 24

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • All Day, China – Bank Holiday

Thursday, June 25

  • 7:30 a.m. Eurozone – ECB Monetary Policy Meeting Accounts
  • 8:30 a.m. U.S. – Final GDP q/q, Unemployment Claims, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Preliminary Wholesale Inventories m/m, Goods Trade Balance
  • 4:30 p.m. U.S. – Bank Stress Test Results
  • All Day, China – Bank Holiday

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, June 23 – Gold Close to Yearly High Again

The gold futures contract gained 0.76% on Monday, as it extended its Friday’s advance of 1.3%. The market has remained above the price level of $1,750. Last week’s Powell’s testimonies on Wednesday, Thursday and his Friday’s speech didn’t bring any new surprises for the financial markets. But gold has got very close to its medium-term highs, as we can see on the daily chart

Gold is 0.3% higher this morning, as it is slightly extending its recent advance. What about the other precious metals? Silver gained 0.31% on Monday and today it is 1.1% higher. Platinum gained 1.98% and today it is up 0.7%. Palladium gained 1.77% on Monday and today it is trading 0.2% lower. So precious metals generally extend their short-term uptrend today.

Today’s Eurozone PMI numbers releases have been better-than-expected. And the markets will now await the U.S. Flash Manufacturing PMI/ Flash Services PMI releases at 9:45 a.m. Then we will get the New Home Sales along with the Richmond Manufacturing Index numbers at 10:00 a.m.

The U.S. Flash PMI numbers for June are expected to get back to their neutral values of around 50. Last month they were at 38-40.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, June 23

  • 3:15 a.m. Eurozone – French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – New Home Sales, Richmond Manufacturing Index

Wednesday, June 24

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • All Day, China – Bank Holiday

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Monday, June 22 – Gold Closer to Medium-Term High

The gold futures contract gained 1.27% on Friday, as it broke slightly above the price level of $1,750. Last week’s Powell’s testimonies on Wednesday, Thursday and his Friday’s speech didn’t bring any new surprises for the financial markets. But gold got closer to its medium-term highs. However, it continues to trade within a consolidation, as we can see on the daily chart:

Gold is 0.2% higher this morning, as it is trading along Friday’s daily high. What about the other precious metals? Silver gained 1.94% on Friday and today it is 1.1% higher. Platinum gained 1.86% and today it is up 1.0%. Palladium lost 0.01% on Friday and today it is 0.5% higher. So precious metals’ prices are gaining today.

Last Thursday’s Philly Fed Manufacturing Index has been much better-than-expected but the Unemployment Claims number came at 1.5 million again vs. expectations of 1.3 million. So overall, the recent economic data releases have been mixed.

Today, we will have the U.S. Existing Home Sales release. The previous release came at 4.33 million, and the expectations for the month of May (annualized number) are at 4.15 million.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, June 22

  • 10:00 a.m. U.S. – Existing Home Sales
  • 11:00 a.m. Canada – BOC Governor Macklem Speech

Tuesday, June 23

  • 3:15 a.m. Eurozone – French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – New Home Sales, Richmond Manufacturing Index

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Friday, June 19 – Mixed Economic Data, Gold Continues Sideways

The gold futures contract lost 0.26% on Thursday, as it further extended its short-term consolidation slightly below the price level of $1,750. Powell’s testimonies on Wednesday and Thursday didn’t bring any new surprises for the financial markets. And gold is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is trading 0.8% higher this morning, as it gets back to yesterday’s daily high. What about the other precious metals? Silver lost 1.50% yesterday and today it is 1.8% higher. Platinum lost 3.10% and today it gains 2.3%. Palladium lost 0.88% on Thursday and today it is trading 0.4% higher. So precious metals extend their short-term consolidation today.

Thursday’s Philly Fed Manufacturing Index has been much better-than-expected at 27.5 vs. its previous reading of -43.1. But Unemployment Claims number cam at 1.5 million again vs. expectations of 1.3 million. So overall, yesterday’s economic data releases have been mixed.

Today, we won’t have any new important economic news releases. However, the Fed Chief Powell will speak again at 1:00 p.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:

Friday, June 19

  • 8:30 a.m. U.S. – Current Account
  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m
  • 1:00 p.m. U.S. – Fed Chair Powell Speech
  • All Day, Eurozone – EU Economic Summit

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Thursday, June 18 – Gold’s Intraday Reversal, Sideways Trading Action Continues

The gold futures contract lost 0.05% on Wednesday, as it extended its short-term consolidation above the price level of $1,700. Gold has been breaking slightly above $1,750 mark recently. But it came back closer to $1,700 on Monday. Last Wednesday’s FOMC Statement came out as a short-term game-changer. Stock prices reversed lower and gold spiked higher. However, it is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is trading 0.3% lower this morning following an overnight advance. What about the other precious metals? Silver gained 0.7% on Wednesday and today it is 0.5% lower. Platinum lost 0.68% and today it is 0.9% lower. Palladium lost 0.89% yesterday and today it is trading 0.5% lower. So precious metals continue to trade within a short-term consolidation.

Yesterday’s U.S. Builiding permits and Housing Starts releases have been mixed. And the Fed Chair Powell’s testimony haven’t been much of a market mover. Today we will have the Philly Fed Manufacturing Index and the Unemployment Claims releases at 8:30 a.m. and then the CB Leading Index release at 10:00 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, June 18

  • 7:00 a.m. U.K. – Official Bank Rate, Monetary Policy Summary
  • 8:30 a.m. Canada – ADP Non-Farm Employment Change, NHPI m/m, Wholesale Sales m/m
  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims
  • 10:00 a.m. U.S. – CB Leading Index m/m

Friday, June 19

  • 8:30 a.m. U.S. – Current Account
  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m
  • 1:00 p.m. U.S. – Fed Chair Powell Speech
  • All Day, Eurozone – EU Economic Summit

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, June 17 – Gold Price Bouncing Back and Forth

The gold futures contract gained 0.54% on Tuesday, as it retraced most of its Monday’s decline of 0.58%. The price has been breaking above $1,750 mark recently. But it came back closer to $1,700 on Monday. Last Wednesday’s FOMC Statement came out as a short-term game-changer. Stock prices reversed lower and gold spiked higher. However, it is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is trading 0.4% lower this morning. What about the other precious metals? Silver gained 1.45% on Tuesday and today it is 0.1% higher. Platinum gained 2.70% and today it is 1.4% lower. Palladium gained 0.5% yesterday and today it is trading 0.2% lower. So precious metals extend their short-term fluctuations this morning.

Yesterday’s U.S. Retail Sales release with a reading of +17.7% has been much better than expected. But then the markets went lower following testimony from the Fed Chair Powell. Today we will have another round of Powell’s testimony at 12:00 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, June 17

  • 8:30 a.m. U.S. – Building Permits, Housing Starts
  • 8:30 a.m. Canada – CPI m/m
  • 12:00 a.m. U.S. – Fed Chair Powell Testimony
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

Thursday, June 18

  • 7:00 a.m. U.K. – Official Bank Rate, Monetary Policy Summary
  • 8:30 a.m. Canada – ADP Non-Farm Employment Change, NHPI m/m, Wholesale Sales m/m
  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index, Unemployment Claims
  • 10:00 a.m. U.S. – CB Leading Index m/m

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, June 16 – Gold Going Sideways Ahead of Powell’s Testimony on Monetary Policy

The gold futures contract lost 0.58% on Monday, as it retraced some of its last week’s advance. The price has been breaking above $1,750 mark recently. But it came back closer to $1,700 yesterday. Last Wednesday’s FOMC Statement came out as a short-term game-changer. Stock prices reversed lower and gold spiked higher. However, it is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is trading 0.2% higher this morning. What about the other precious metals? Silver lost 0.47% on Monday and today it is 0.1% lower. Platinum gained 0.33% and today it is 0.4% higher. Palladium lost 0.28% on Monday and today it is trading 1.2% higher. So precious metals are going sideways this morning.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, previous Friday’s U.S. monthly jobs data along with Nonfarm Payrolls number have been positive.

Today we will get the important U.S. Retail Sales number at 8:30 a.m. and a Testimony from the Fed Chair Powell at 10:00 a.m. The Retail Sales number will likely be positive following last month’s decline of over 16%. Expectations for the month of May are at around +8%.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, June 16

  • 8:30 a.m. U.S. – Retail Sales m/m, Core Retail Sales m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Fed Chair Powell Testimony, Business Inventories m/m, NAHB Housing Market Index

Wednesday, June 17

  • 8:30 a.m. U.S. – Building Permits, Housing Starts
  • 8:30 a.m. Canada – CPI m/m
  • 12:00 a.m. U.S. – Fed Chair Powell Testimony
  • 9:30 p.m. Australia – Employment Change, Unemployment Rate

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

KKR-led Group Invests $650 Million in Vietnam’s Property Developer Vinhomes

A group led by KKR, an American global investment firm, has invested $650 million in Vietnam’s largest property developer Vinhomes JSC, marking the deal one of the biggest private equity investments in south-east Asia.

KKR, a firm that manages investments across multiple asset classes, has said the deal underscores the attractiveness of Vietnam as an investment destination with strong economic growth projected this year when the whole world is battling with the novel coronavirus.

Vietnam has recorded zero COVID-19 death so far despite having a population of around 100 million.

Ashish Shastry, co-head of private equity for KKR Asia Pacific and head of Southeast Asia, said in a press release, “We are truly honored to have the opportunity to invest in a successful, leading business like Vinhomes which is an integral part of the consumer services ecosystem within the Vingroup family.

“This investment exemplifies the type of platinum brands and management teams KKR looks to work within Southeast Asia. Today’s announcement further underscores our strong commitment to Vietnam, where KKR has been active and present for nearly a decade.”

KKR has $207 billion in assets under management.

Singapore state-owned company Temasek Holdings, a partner in the consortium with KKR, has bought a total 6% stake in Vinhomes, a subsidiary of Vingroup.
Cherishing the announcement, Vinhomes shares closed 7% higher on Tuesday at 74,900.00 dong. A similar upside is expected from KKR in the U.S. session as well.

Nguyen Dieu Linh, chairwoman of Vinhomes said in a press release, “We are pleased to welcome KKR as a shareholder in Vinhomes, and believe that the investment demonstrates the confidence of international investors in Vinhomes, Vingroup and the Vietnamese market.

“As a reputable, world-class institution, KKR’s expertise and proven track record of helping companies achieve long-term success will be valuable as we work together to enhance value for Vinhomes shareholders.”

KKR shares closed 3.29% higher at $30.11 on Monday. The stock price has recovered all of its coronavirus -induced losses and gained over 3% so far this year.

According to Tipranks, ten analysts forecast the average price in 12 months at $31.89 with a high of $39.00 and a low of $21.00. The average price target represents a 5.91% increase from the last price of $30.11.

It is good to buy at the current level as 100-day Moving Average and 20-200-day MACD Oscillator signal a strong buy opportunity; target $33 in the near-term with a stop loss of around $27.

The Price of Precious Metals Drew Significantly During Last Year

Within last year, gold price increased in more than one third. Golden Brokers has observed other precious metals to confirm that these metals also serve as safe havens during times when huge amount of investment is being pumped into economies and national currencies might be undervalued in the future.

Golden Brokers have found out that in terms of performance more experienced investors benefit from diversifying their portfolios with more precious metals.

Price growth during last year*

Gold + 36 %
Silver + 18 %
Palladium + 52 %
Platinum + 3,6 %
Rhodium + 190 %

* The comparison is based on values from 17th May 2020

Gold

Even though the beginning of the year pushed gold prices down due to low demand on China’s markets, where coronavirus pandemic began, the metal managed to break the level of 1700 USD per ounce, and is currently growing even higher. In addition, gold could soon reach the value of 1800 USD per ounce. Performance of the instrument grew in 36% only during last year, and even higher growth is expected. Some predict that gold could reach 3000 USD per ounce till the end of 2020. Considering the current situation on capital markets, global economic slowdown, and escalating U.S.-China trade tensions, there’s chances that gold price could grow even faster than expected in the beginning of January.

However, purchasing ETF currently seems more profitable. Purchasing physical gold from intermediaries has also became popular due to supply disruptions caused by the pandemic, and prices of gold bricks became more expensive, similarly to purchase of face masks after the coronavirus pandemic outbreak. When an ounce of gold was traded around 1735 USD on 17th May 2020, purchase of one physical ounce of gold was roughly 1735 EUR, what represents roughly 1895 USD per ounce, depending on a producer and an intermediary. We can see similar progress with physical gold coins and silver.

Silver

Silver represents the second most popular precious metal, which is perceived as a cheaper alternative to gold. During last year, its value grew in 18% to 17 USD per ounce, even despite March drop when prices were around 11 USD per ounce. About a year ago, silver was significantly undervalued against gold based on Gold to Silver ratio – 1 ounce of gold was worth 85 ounces of silver.

Fall in silver price compared to its value is currently ever deeper – 100 ounces. For a comparison, 50 ounces of gold were equal to 1 ounce of gold in the past. Moreover, silver is one of the best metals with thermal conductivity, and is used in many sectors, such as healthcare, industry, or furniture industry, where it’s used in mirrors. And its supplies keep dropping. It is probable, that larger investors‘ profits from silver are yet to come.

Palladium

Palladium price dropped in 52% in terms of its annual performance. While the metal was traded around 1300 USD per ounce last year, on 17th May 2020 the value was roughly 2000 USD per ounce. On Monday trading, palladium price was even 2025 USD per ounce. Nevertheless, neither palladium price remained resistant against coronavirus pandemic impact.

The metal was traded slightly under 2860 USD per ounce in the end of February. Price growth before the coronavirus pandemic outbreak was supported by rapidly growing demand, which exceeded offer of the metal. Palladium is used to control the degree of pollution in catalytic converters of petrol car engines, due to replacing them with diesel engines. This factor could affect palladium price growth during global economy restart once anti-pandemic restrictions are eased.

Platinum

Even though last year was quite favorable for evaluation of precious metals, platinum was the least successful. During a year, the metal added only 3.6%, when its value rose from 800 USD per ounce in the end of May 2019 to its current value of 830 USD per ounce. Platinum price was above 1000 USD in January 2020, yet it slumped due to impact of coronavirus pandemic. Gold to Platinum Ratio index shows that platinum appears in the most undervalued levels against gold. It means that 1 ounce of gold was worth roughly 0,9 ounces of platinum in 2008, yet currently the value of the yellow metal equals to 2,3 ounces of platinum. A more significant growth of platinum price may come.

Rhodium

Rhodium may serve as an interesting alternative to diversify portfolios of more experienced investors. Rhodium, one of the most precious metals, is similarly to palladium used in automotive sector, but also in other industries. During the last crisis, rhodium surpassed the level of 10,000 USD and even grew to 13,800 USD per ounce in the first quarter of 2020. The coronavirus pandemic has not only stopped economic activities, but also decreased demand for metals. In past two months, the pandemic pushed rhodium price even deeper.

In the beginning of this week, MetalsDaily reported that rhodium was traded around 7,724 EUR per ounce (roughly 8,700 USD per ounce), but as many countries ease their anti-pandemic measures, the price could grow. In terms of performance, rhodium was worth 3,000 USD in the end of May 2019, which represents 190% evaluation. Traders, who decided to invest in these assets will not appear in loss. Despite the price growth, it’s important to bear in mind that rhodium price is significantly volatile and investing in this metal is very risky.

Every investor must consider which instrument to invest in. However, it seems that in case of purchase of precious metals, buyers were rather successful with investing into the above mentioned metals during last year.

Muhammad Zulbahri Mohd Rajdi

Chief Analyst

Golden Brokers

Golden Brokers Ltd is a Labuan based company that provides trading in Contracts for Difference (“CFDs”) across major products such as forex, commodities, indices and shares to individual as well as professional traders.

Golden Brokers Ltd. is authorised and regulated by the Labuan Financial Services Authority (“LFSA”) with license number MB/19/0030. As such, Golden Brokers Ltd. is authorised to conduct business as Money Broker and carry out certain categories of financial investment business as permitted under the Labuan Financial Services and Securities Act 2010.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the full Risk Disclosure

Daily Gold News: Friday, June 12 – Gold Closer to $1,750 Again as Fed Will Continue ZIRP

The gold futures contract gained 1.11% on Thursday, as it slightly extended its short-term uptrend. The price broke above $1,750 mark yesterday before closing below that resistance level. Global markets went risk-on and gold has been selling off as a safe-haven asset recently. But Wednesday’s FOMC Statement came out as a short-term game-changer. Stock prices reversed lower and gold spiked higher. However, it is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is gaining 0.5% this morning, as it’s getting back closer to yesterday’s daily high. What about the other precious metals? Silver gained 0.52% on Thursday and today it is 0.1% lower. Platinum lost 2.60% and today it is 0.6% higher. Palladium lost 1.07% on Thursday and today it is 1.5% higher. So precious metals trade along their yesterday’s daily highs today.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, last Friday’s U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive. Yesterday’s Unemployment Claims number release has been as expected at around 1.5 million. Today, we will get the Preliminary Michigan Sentiment number at 8:30 a.m. It will likely remain around 20-25 points below its 2015-2020 average value of 95-100 points. Its previous release was at 72.3.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Friday, June 12

  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment

Monday, June 15

  • 8:30 a.m. U.S. – Empire State Manufacturing Index
  • 11:00 a.m. U.S. – FOMC Member Kaplan Speech
  • Tentative, Japan – Monetary Policy Statement, BOJ Policy Rate

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Daily Gold News: Thursday, June 11 – Precious Metals Going Lower After Fed

The gold futures contract lost 0.07% on Wednesday following an intraday advance to $1,750 price level. Global markets went risk-on and gold has been selling off as a safe-haven asset recently. However, yesterday’s FOMC Statement came out as a short-term game-changer. Stock prices reversed lower and gold spiked higher before closing virtually unchanged. It is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is down 0.7% this morning, as it retraces more of the recent advance. And financial markets decline following yesterday’s Fed-talk. What about the other precious metals? Silver was unchanged on Wednesday and today it is 1.6% lower. Platinum lost 1.70% and today it is 2.1% lower. Palladium lost 1.85% yesterday and today it is 0.5% down. So precious metals are trading lower this morning.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, last Friday’s U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive. Today we will get some more important U.S. economic data releases – Producer Price Index along with the Unemployment Claims at 8:30 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Thursday, June 11

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Unemployment Claims
  • All Day, Eurozone – Eurogroup Meetings

Friday, June 12

  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Wednesday, June 10 – Gold Still Gaining, FOMC Ahead

The gold futures contract gained 0.99% on Tuesday, as it retraced its Friday’s decline following much better than expected U.S. monthly jobs data release. Global markets went risk-on and gold has sold off as a safe-haven asset. On Monday a week ago the price has reached slightly above $1,760 and Friday’s daily low fell at $1,671.70. But the gold price is gaining again this week. However, it is still trading within a medium-term consolidation, as we can see on the daily chart:

Gold is up 0.6% this morning, as it extends its short-term uptrend. Financial markets remain in risk-on mode, as stocks continue to hover along their medium-term highs. What about the other precious metals? Silver lost 0.55% on Tuesday and today it is 2.3% higher. Platinum lost 0.07% and today it is unchanged. Palladium lost 3.43% yesterday and today it is 0.2% higher. So precious metals’ prices are mixed again.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, last Friday’s U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive. Will we get more positive surprises this week? Today’s Consumer Price Index has basically been as expected at -0.1%. We will also get the important FOMC Statement at 2:00 p.m. and the Press Conference at 2:30 p.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Wednesday, June 10

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
  • 2:00 p.m. U.S. – Federal Funds Rate, FOMC Statement, FOMC Economic Projections, Federal Budget Balance
  • 2:30 p.m. U.S. – FOMC Press Conference

Thursday, June 11

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Unemployment Claims
  • All Day, Eurozone – Eurogroup Meetings

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: Tuesday, June 9 – Gold Gaining Ahead of Tomorrow’s Fed Release

The gold futures contract gained 1.31% on Monday, as it retraced some of its last week’s Friday’s decline following much better than expected U.S. monthly jobs data release. Global markets went risk-on and gold has sold off as a safe-haven asset. On Monday a week ago the price has reached slightly above $1,760 and Friday’s daily low fell at $1,671.70. Gold continues to trade close to the bottom of its medium-term consolidation, as we can see on the daily chart:

Gold is gaining 0.5% this morning, as it retraces more of its Friday’s sell-off. Financial markets remain in risk-on mode, as stocks continue to hover along their medium-term highs. What about the other precious metals? Silver gained 2.37% on Monday and today it is 0.9% lower. Platinum gained 3.71% and today it is 1.3% lower. Palladium gained 4.32% yesterday and today it is 2.8% lower. So precious metals’ prices are mixed today.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, Friday’s U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive. Will we get more positive surprises this week? Today we will get the U.S. Wholesale Inventories data. But the markets will await tomorrow’s very important data releases: Consumer Price Index and the FOMC Statement.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Tuesday, June 9

  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m, JOLTS Job Openings
  • All Day, Eurozone – ECOFIN Meetings

Wednesday, June 10

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
  • 2:00 p.m. U.S. – Federal Funds Rate, FOMC Statement, FOMC Economic Projections, Federal Budget Balance
  • 2:30 p.m. U.S. – FOMC Press Conference

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.

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Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Daily Gold News: – Gold Gaining 0.6% After Friday’s Rout of 2.6%

The gold futures contract lost 2.57% on Friday following much better than expected U.S. monthly jobs data release. Global markets went risk-on and gold has sold off as a safe-haven asset. On Monday a week ago the price has reached slightly above $1,760 and Friday’s daily low fell at $1,671.70. Gold is trading at the bottom of its medium-term consolidation, as we can see on the daily chart:

Gold is gaining 0.6% this morning, as it retraces a fraction of its Friday’s decline. Financial markets remain in risk-on mode, as stocks continue to hover along their medium-term highs. What about the other precious metals? Silver lost 3.22% on Friday and today it is 1.2% higher. Platinum lost 4.00% and today it is gaining 1.2%. Palladium gained 1.55% on Friday and today it is 0.9% lower. So precious metals retrace some of their Friday’s decline today.

The recent economic data releases have been confirming negative coronavirus impact on global economies. However, Friday’s U.S. monthly jobs data came out much better than expected. And the Nonfarm Payrolls number has been positive. But will we get more positive surprises this week? Today the markets will certainly pay attention to the European Central Bank’s President Lagarde speech at 9:45 a.m. And tomorrow we will get the U.S. Wholesale Inventories data.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:

Monday, June 8

  • 9:45 a.m. Eurozone – ECB President Lagarde Speech

Tuesday, June 9

  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m, JOLTS Job Openings
  • All Day, Eurozone – ECOFIN Meetings

Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!

For a look at all of today’s economic events, check out our economic calendar.

Paul Rejczak
Stock Selection Strategist
Sunshine Profits: Analysis. Care. Profits.


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.