Daily Gold News: Wednesday, Dec. 2 – Gold Back Above $1,800

The gold futures contract gained 2.13% on Tuesday, as it retraced its recent declines. On Monday the market has extended a short-term downtrend following breaking below the recent local lows along the price level of $1,850. Three weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. Last week there has been a breakdown below the support level of $1,850, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold price is 0.3% higher this morning, as it is retracing some more of its recent decline. What about the other precious metals? Silver gained 6.63% on Tuesday and today it is 0.2% lower. Platinum gained 3.93% and today it is 0.6% higher. Palladium gained 0.99% yesterday and today it’s 0.4% lower. So precious metals are mixed this morning .

Yesterday’s ISM Manufacturing PMI release has been slightly lower than expected at 57.5. Today we will get ADP Non-Farm Employment Change , Beige Book releases and some more Fed talk including Fed Chair Powell’s Testimony.

The markets will wait for Friday’s monthly jobs data release .

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

Wednesday, December 2

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:00 a.m. U.S. – FOMC Member Quarles Speech
  • 10:00 a.m. U.S. – Fed Chair Powell Testimony
  • 1:00 p.m. U.S. – FOMC Member Williams Speech
  • 2:00 p.m. U.S. – Beige Book
  • 8:45 p.m. China – Caixin Services PMI

Thursday, December 3

  • 8:30 a.m. U.S. – Unemployment Claims
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI

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: Gold’s Upward Correction, Back Above $1,800

The gold futures contract lost 0.40% on Monday, as it extended its short-term downtrend following breaking below the recent local lows along the price level of $1,850. Three weeks ago on Monday gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. Last week there has been a breakdown below the support level of $1,850. And today the market is retracing some of the decline, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold price is 1.7% higher this morning, as it is retracing some of its short-term decline. What about the other precious metals? Silver lost 0.20% on Monday and today it is 3.6% higher. Platinum gained 0.11% and today it is 1.8% higher. Palladium lost 1.39% yesterday and today it’s 1.0% higher. So precious metals are advancing this morning .

Yesterday’s Chicago PMI and Pending Home Sales releases have been worse than expected. Today we will get the ISM Manufacturing PMI and the Fed Chair Powell Testimony at 10:00 a.m.

The markets will wait for Friday’s monthly jobs data release .

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

Tuesday, December 1

  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI , Fed Chair Powell Testimony , Construction Spending m/m, ISM Manufacturing Prices
  • 7:00 p.m. Australia – RBA Governor Lowe Speech
  • 7:30 p.m. Australia – GDP q/q
  • All Day, Eurozone – ECOFIN Meetings

Wednesday, December 2

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:00 a.m. U.S. – FOMC Member Quarles Speech
  • 10:00 a.m. U.S. – Fed Chair Powell Testimony
  • 1:00 p.m. U.S. – FOMC Member Williams Speech
  • 2:00 p.m. U.S. – Beige Book
  • 8:45 p.m. China – Caixin Services PMI

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: Gold Extending Sell-off Below $1,800

The gold futures contract lost 0.96% on Friday, as it extended its short-term downtrend following breaking below the recent local lows along the price level of $1,850. Three weeks ago on Monday gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal came back down to $1,850 price level. Last week there has been a breakdown below that support level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.8% lower this morning, as it is further extending the downtrend. What about the other precious metals? Silver lost 3.09% on Friday and today it is 2.5% lower. Platinum lost 0.52% and today it is 0.2% lower. Palladium gained 3.17% on Friday and today it’s 0.7% lower. So precious metals are lower again this morning .

Today we will get Chicago PMI and Pending Home Sales releases. But the markets will now wait for Tuesday’s-Wednesday’s Fed Chair Powell testimony and Friday’s monthly jobs data release .

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

Monday, November 30

  • 5:00 a.m. Eurozone – ECB President Lagarde Speech
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • 10:30 p.m. Australia – Cash Rate, RBA Rate Statement
  • All Day – OPEC Meetings

Tuesday, December 1

  • 9:45 a.m. U.S. – Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI , Fed Chair Powell Testimony , Construction Spending m/m, ISM Manufacturing Prices
  • 7:00 p.m. Australia – RBA Governor Lowe Speech
  • 7:30 p.m. Australia – GDP q/q
  • All Day, Eurozone – ECOFIN Meetings

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.

 

Gold Price Forecast – Are Precious Metals Starting a 10-Year Bull Market?

COMMODITIES UNDERVALUED VERSUS STOCKS

THE CRB vs. DOW: I believe commodities reached a major inflection point in 2020 triggered by the coronavirus. We saw similar periods of commodity outperformance during the 1970s and 2000s. I believe precious metals and commodities are starting another bull market that could last well into 2030.

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GOLD LONG-TERM: From a technical set up, I believe we are in a similar position to 2004. Though gold could drop a little further near-term, I think prices are going much higher over the next 10-years.

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NEAR-TERM FORECAST

GOLD

Gold closed below the $1850 support level and confirmed the bearish scenario outlined in last week’s report. Ultimately, I believe prices could stay under pressure for another month. Prices are expected to reach $1750 and perhaps as low as $1670 in December. Longer-term, buying gold at or below the rising 200-day MA is historically a favorable opportunity.

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SILVER

Silver has held up better than gold and remains above its September low. Ultimately, I believe prices will test the 200-day MA (currently $20.62) with a spike to $19.00 or lower possible in December. This is shaping up to be an excellent long-term buying opportunity, in my opinion.

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PLATINUM

I find the price action in platinum intriguing. Prices are rising as gold and silver are breaking decisively lower. There is still a chance prices will reach our target in December, but if prices continue to defy the odds and rally above $1050, then I think they will go much higher. To support a near-term breakdown, prices need to close below $900.

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XLE

With money rushing back into risk markets, energy stocks have exploded higher. The potential for a double bottom lessens with each day prices remain above the 200-day MA. I became bullish on energy in October and labeled the sector a generational buying opportunity. With major inflationary forces as a tailwind, I think they could go much higher. I’m considering adding an energy portfolio to our premium services. I’m patiently waiting for a pullback to buy more.

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In summary, I believe precious metals have reached long-term buying opportunities. I believe the commodity bull market is just getting started and could last for ten or more years. To reduce stress and maximize profits, I designed the gold cycle indicator and began the Gold Predict educational portfolio.

For long-term success, I believe one should find a sector that is just starting a new bull market…take your seat on that train and stay on as long as possible.

AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. He posts daily updates to Premium Members. For more information, please visit here.

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

Daily Gold News: Gold’s Low Volatility Following Recent Declines

The gold futures contract gained 0.05% on Wednesday, as it fluctuated following Monday’s sell-off after breaking below the recent local lows along the price level of $1,850. More than two weeks ago on Monday gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal came back down to $1,850 price level. And on Monday there has been a breakdown below that support level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.2% lower this morning, as it is trading within a short-term consolidation. What about the other precious metals? Silver gained 0.27% on Wednesday and today it is 0.6% lower. Platinum gained 1.20% and today it is 0.9% lower. Palladium gained 0.53% on Wednesday and today it’s 0.4% lower. So precious metals are lower this morning .

Wednesday’s Preliminary GDP release has been as expected at +33.1% (q/q). And the Unemployment Claims number has been slightly worse than expected at 778,000.

There will be no new important economic data releases today, and trading hours will be shorter due to Thanksgiving long weekend.

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: Volatility Dropping Ahead of Thanksgiving Holiday

The gold futures contract lost 1.81% on Tuesday, as it extended its Monday’s sell-off following breaking below the recent local lows along the price level of $1,850. Two weeks ago on Monday gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal came back down to $1,850 price level. And on Monday there has been a breakdown below that support level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.3% higher this morning, as it is retracing some of the recent declines. What about the other precious metals? Silver lost 1.41% on Tuesday and today it is 0.5% higher. Platinum gained 2.85% and today it is 0.7% lower. Palladium lost 0.07% yesterday and today it’s 0.9% lower. So precious metals are mixed this morning .

Yesterday’s Consumer Confidence release has been slightly worse than expected at 96.1. Today we will get the Preliminary GDP and the FOMC Meeting Minutes releases, among others.

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

Wednesday, November 25

  • 4:00 a.m. Eurozone – ECB Financial Stability Review
  • 8:30 a.m. U.S. – Preliminary GDP q/q , Unemployment Claims, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Goods Trade Balance, Preliminary GDP Price Index q/q, Preliminary Wholesale Inventories m/m
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, New Home Sales
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

Thursday, November 26

  • All Day, U.S. – Bank Holiday

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: Selling Pressure as Gold Gets Closer to $1,800

The gold futures contract lost 1.85% on Monday, as it broke below its recent local lows along the price level of $1,850. Two weeks ago gold sold off 5% in one day after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal came back down to $1,850 price level. And yesterday there has been a breakdown below that support level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 1.3% lower this morning, as it is extending yesterday’s decline. What about the other precious metals? Silver lost 3.00% on Monday and today it is 1.9% lower. Platinum lost 2.66% and today it is 0.2% lower. Palladium gained 1.31% yesterday and today it’s 1.0% higher. So precious metals are lower again this morning .

Yesterday’s U.S. Flash Manufacturing PMI and Flash Services PMI releases have both been better than expected. The markets will now wait for today’s Consumer Confidence release at 10:00 a.m. It is expected to reach 97.7, down from last month’s value of 100.9. Tomorrow we will get the Preliminary GDP and the FOMC Meeting Minutes releases, among others.

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

Tuesday, November 24

  • 10:00 a.m. U.S. – CB Consumer Confidence , Richmond Manufacturing Index

Wednesday, November 25

  • 4:00 a.m. Eurozone – ECB Financial Stability Review
  • 8:30 a.m. U.S. – Preliminary GDP q/q , Unemployment Claims, Durable Goods Orders m/m, Core Durable Goods Orders m/m, Goods Trade Balance, Preliminary GDP Price Index q/q, Preliminary Wholesale Inventories m/m
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, New Home Sales
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

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, Nov. 23 – Gold’s Weakness Despite Falling USD

The gold futures contract lost 0.59% on Friday, as it continued to fluctuate within a short-term consolidation following the previous Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal has retraced all of its previous advance. It came back down to $1,850 price level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.3% lower this morning, as it is still trading within a consolidation. What about the other precious metals? Silver gained 1.31% on Friday and today it is 1.1% lower. Platinum gained 0.60% and today it is 0.9% lower. Palladium gained 0.15% on Friday and today it’s 0.1% higher. So precious metals are generally lower this morning .

Today we will get the U.S. Flash Manufacturing PMI and Flash Services PMI releases at 9:45 a.m. The markets will now wait for tomorrow’s Consumer Confidence release.

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

Monday, November 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

Tuesday, November 24

  • 10:00 a.m. U.S. – CB Consumer Confidence , Richmond Manufacturing Index

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: Gold Remains Close to $1,850 Price Level

The gold futures contract lost 0.66% on Thursday, as it further extended its short-term consolidation following last week’s Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal has retraced all of its previous advance. It came back down to $1,850 price level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.1% lower this morning, as it is trading along the bottom of a short-term consolidation. What about the other precious metals? Silver lost 1.64% on Thursday and today it is 0.4% higher. Platinum gained 0.06% and today it is 0.5% higher. Palladium lost 1.45% yesterday and today it’s 0.3% higher. So precious metals are mixed this morning .

Yesterday’s Unemployment Claims release has been worse than expected at 742,000. But the Philly Fed Manufacturing Index has been better than expected (26.3). Today we won’t get any important economic data releases.

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

Friday, November 20

  • 3:15 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – FOMC Member Kaplan Speech
  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m

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, Nov. 19 – Gold Bouncing Off $1,850

The gold futures contract lost 0.59% on Wednesday, as it continued to trade within a short-term consolidation following last week’s Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal has retraced all of its previous advance. It came back down to $1,850 price level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.4% lower this morning, as it is trading along the bottom of the mentioned short-term consolidation. What about the other precious metals? Silver lost 0.82% on Wednesday and today it is 1.3% lower. Platinum gained 1.47% and today it is 0.2% higher. Palladium gained 1.18% yesterday and today it’s 0.8% lower. So precious metals are generally lower this morning .

Yesterday’s Housing Starts and Building Permits releases have been mixed. Today we will get the Unemployment Claims and Philly Fed Manufacturing Index releases, among others.

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

Thursday, November 19

  • 8:30 a.m. U.S. – Unemployment Claims, Philly Fed Manufacturing Index
  • 8:30 a.m. Canada – ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. – CB Leading Index m/m, Existing Home Sales
  • 10:00 a.m. Eurozone – ECB President Lagarde Speech

Friday, November 20

  • 3:15 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – FOMC Member Kaplan Speech
  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m

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, Nov. 18 – Gold Closer to $1,850 Again

The gold futures contract lost 0.14% on Tuesday, as it extended its short-term consolidation following last week’s Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal has retraced all of its previous advance. It came back down to $1,850 price level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.4% lower this morning, as it continues to trade within the mentioned short-term consolidation. What about the other precious metals? Silver lost 0.61% on Tuesday and today it is 0.5% lower. Platinum gained 1.04% and today it is 0.5% lower. Palladium lost 0.79% yesterday and today it’s 0.4% higher. So precious metals are generally lower this morning .

Yesterday’s Retail Sales release has been slightly lower than expected at +0.3%. The Industrial Production number has been as expected at +1.1%. Today we will get Housing Starts and Building Permits releases at 8:30 a.m.

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

Wednesday, November 18

  • 8:30 a.m. U.S. – Housing Starts, Building Permits
  • 8:30 a.m. Canada – CPI m/m

Thursday, November 19

  • 8:30 a.m. U.S. – Unemployment Claims, Philly Fed Manufacturing Index
  • 8:30 a.m. Canada – ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. – CB Leading Index m/m, Existing Home Sales
  • 10:00 a.m. Eurozone – ECB President Lagarde Speech

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.

 

Indices Ready to Climb Higher. Bad Spot for The USD

Who would have thought that after the vaccine news from Pfizer, attractions on the market will last only for a while. After the initial upswing, the market entered a sideways trend, which lets say…is a little bit boring. Worry no more though, we have it covered and we are presenting you three very promising trading setups on different types of instruments.

First, an index – German DAX. Here, the price managed to break the dynamic resistance connecting recent lower highs. That was very positive but after that, the price created a pennant formation, which basically is a flat correction. In theory, this should end with the breakout to the upside but buyers need to be cautious. The price breaking the lower line of this formation will be negative and can bring us a sell signal but this option is currently less likely to happen.

From indices we move to currencies, where we will analyze the Dollar Index. DXY is in a very important place – long term horizontal support on 92.2. We already tested it a few times but sellers are not giving up and pressure arrises. Price closing a day below 92.2 will be a proper, long-term sell signal.

From currencies, we move to commodities, where I would like to show you Platinum, the price is testing crucial dynamic resistance. Sentiment is positive, as the price already broke important horizontal resistance, on Monday. Price closing a day above the red line, will be a proper buy signal.

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

Daily Gold News: Tuesday, Nov. 17 – Gold Going Sideways

The gold futures contract gained 0.08% on Monday, as it continued to trade within a short-term consolidation following last week’s Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal has retraced all of its previous advance. It came back down to $1,850 price level, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.1% lower this morning, as it trading along yesterday’s closing price. What about the other precious metals? Silver gained 0.11% on Monday and today it is 0.1% lower. Platinum gained 3.52% and today it is 0.3% lower. Palladium gained 0.66% on Monday and today it’s 0.4% lower. So precious metals are mixed this morning .

Yesterday’s Empire State Manufacturing Index release has been worse than expected at 6.3. Today we will get the important Retail Sales number at 8:30 a.m. and the Industrial Production release at 9:15 a.m.

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

Tuesday, November 17

  • 8:30 a.m. U.S. – Retail Sales m/m , Core Retail Sales m/m , Import Prices m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
  • 5:00 p.m. Australia – RBA Governor Lowe Speech
  • All Day – OPEC-JMMC Meetings

Wednesday, November 18

  • 8:30 a.m. U.S. – Housing Starts, Building Permits
  • 8:30 a.m. Canada – CPI m/m

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: Gold Lower After Another Vaccine News

The gold futures contract gained 0.69% on Friday, as it extended its short-term consolidation following last week’s Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 Pfizer’s vaccine news release. The yellow metal has retraced all of its previous advance. It came back down to $1,850 price level , as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.9% higher this morning, as it is retracing Friday’s advance. The markets are reacting to another Coronaviurs vaccine news release. What about the other precious metals? Silver gained 1.93% on Friday and today it is 1.4% lower. Platinum gained 1.36% and today it is 0.1% lower. Palladium lost 0.52% on Friday and today it’s 1.1% higher. So precious metals are generally lower this morning .

Friday’s Producer Price Index release has been slightly higher than expected at +0.3%. And the Consumer Sentiment number has been worse than expected at 77.0. Today we will get the Empire State Manufacturing Index release at 8:30 a.m. We will also get some Central Banks’ talk today.

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

Monday, November 16

  • 8:00 a.m. Eurozone – ECB President Lagarde Speech
  • 8:30 a.m. U.S. – Empire State Manufacturing Index
  • 2:00 p.m. U.S. – FOMC Member Clarida Speech

Tuesday, November 17

  • 8:30 a.m. U.S. – Retail Sales m/m , Core Retail Sales m/m , Import Prices m/m
  • 9:15 a.m. U.S. – Industrial Production m/m, Capacity Utilization Rate
  • 10:00 a.m. U.S. – Business Inventories m/m, NAHB Housing Market Index
  • 5:00 p.m. Australia – RBA Governor Lowe Speech
  • All Day – OPEC-JMMC Meetings

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, Nov. 13 – Gold Slightly Higher Again

The gold futures contract gained 0.63% on Thursday, as it extended its short-term consolidation following Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 vaccine news release. The yellow metal has retraced all of last week’s advance. It came back down to $1,850 price level , as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.5% higher this morning, as it is extending yesterday’s advance. What about the other precious metals? Silver gained 0.16% on Thursday and today it is 0.4% higher. Platinum gained 1.83% and today it is 1.1% higher. Palladium gained 1.08% yesterday and today it’s 0.4% higher. So precious metals are higher again this morning .

Yesterday’s U.S. CPI release has been flat at 0.0% vs. expected rise of 0.1%. The Unemployment Claims number has been slightly lower than expected at 709,000. Today we will get the Producer Price Index at 8:30 a.m. and Preliminary UoM Consumer Sentiment release at 10:00 a.m.

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

Friday, November 13

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m
  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations

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, Nov. 12 – Gold Continues Sideways

The gold futures contract lost 0.79% on Wednesday, as it continued to fluctuate following Monday’s 5% sell-off. Gold sold off after global financial markets’ euphoria rally in reaction to Covid-19 vaccine news release. The yellow metal has retraced all of last week’s advance. It came back down to $1,850 price level , as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.3% higher this morning, as it remains within a short-term consolidation. What about the other precious metals? Silver lost 0.80% on Wednesday and today it is 0.4% lower. Platinum lost 2.76% and today it is 0.4% higher. Palladium lost 6.26% yesterday and today it’s 1.1% higher. So precious metals are slightly higher this morning .

We didn’t get any new important economic data releases yesterday. Today the markets will await the U.S. CPI number release and the Fed Chair Powell speech.

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

Thursday, November 12

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m, Unemployment Claims
  • 11:45 a.m. U.S. – Fed Chair Powell Speech
  • 11:45 a.m. Eurozone – ECB President Lagarde Speech

Friday, November 13

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m
  • 10:00 a.m. U.S. – Preliminary UoM Consumer Sentiment, Preliminary UoM Inflation Expectations

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: Gold Fluctuates Following Monday’s Sell-off

The gold futures contract gained 1.19% on Tuesday, as it bounced after Monday’s 5% sell-off. Gold sold off following global financial markets’ euphoria rally after Covid-19 vaccine news release. The yellow metal has retraced all of its last week’s advance. It came back down to $1,850 price level , as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.4% lower this morning, as it continues to fluctuate following Monday’s drop. What about the other precious metals? Silver gained 3.21% on Tuesday and today it is 0.5% lower. Platinum gained 2.92% and today it is 0.8% lower. Palladium lost 1.11% on Tuesday and today it’s 0.1% lower. So precious metals are slightly lower this morning .

Yesterday’s German ZEW Economic Sentiment has been lower than expected. Today we won’t get any new important economic data releases. And the markets will wait for tomorrow’s U.S. CPI number release and Fed Chair Powell speech.

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

Wednesday, November 11

  • All Day, U.S. – Bank Holiday
  • All Day, Canada – Bank Holiday

Thursday, November 12

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m, Unemployment Claims
  • 11:45 a.m. U.S. – Fed Chair Powell Speech
  • 11:45 a.m. Eurozone – ECB President Lagarde Speech

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: Gold’s Indecision Following 5% Drop

The gold futures contract lost 4.99% on Monday following global financial markets’ euphoria rally after Covid-19 vaccine news release. The yellow metal has retraced all of its last week’s advance. It came back down to $1,850 price level , as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.7% higher this morning, as it is bouncing after yesterday’s relatively large sell-off. What about the other precious metals? Silver lost 7.64% on Monday and today it is 0.2% lower. Platinum lost 3.56% and today it is 0.2% higher. Palladium lost 0.03% on Monday and today it’s 0.5% lower. So precious metals are mixed this morning .

Today we will get some more Fed talk. The German ZEW Economic Sentiment has been lower than expected at 39.0 earlier this morning.

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

Tuesday, November 10

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 6:00 a.m. U.S. – NFIB Small Business Index
  • 10:00 a.m. U.S. – JOLTS Job Openings
  • 12:00 p.m. U.S. – FOMC Member Kaplan Speech
  • 2:00 p.m. U.S. – FOMC Member Quarles Speech
  • 5:00 p.m. U.S. – FOMC Member Brainard Speech

Wednesday, November 11

  • All Day, U.S. – Bank Holiday
  • All Day, Canada – Bank Holiday

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: Gold Lower Following Covid-19 Vaccine News

The gold futures contract gained 0.25% on Friday, as it extended its short-term advance following a rebound from local low of around $1,850. The markets continued to react on U.S. Presidential Election uncertainty but today we can see euphoria rally after Covid-19 vaccine news release. Gold got back to around $1,950 price level last week, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 2.4% lower this morning, as it is retracing its last week’s advance following the mentioned news about coronavirus vaccine. What about the other precious metals? Silver gained 1.87% on Friday and today it is 2.7% lower. Platinum lost 0.06% and today it is 2.1% lower. Palladium gained 4.88% on Friday and today it’s 1.8% lower. So precious metals are retracing their last week’s advance this morning .

Friday’s Nonfarm Payrolls number release has been slightly better than expected at +83,600. Today we won’t get any important economic data releases. However, there will be some Fed talk.

Let’s focus on last Tuesday’s U.S. Presidential Election . Where would the price of gold go following the event? We’ve compiled the data since 1992, a 28-year-long period of time that contains of seven U.S. Presidential Elections. The chart shows price paths 5 days before and 10 days after the election day. Gold gained the most in 2004 and lost the most in 2016. On average, it was around 0.5% lower 10 days after.

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

Monday, November 9

  • 4:25 a.m. Eurozone – ECB President Lagarde Speech
  • 1:30 p.m. U.S. – FOMC Member Mester Speech

Tuesday, November 10

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 6:00 a.m. U.S. – NFIB Small Business Index
  • 10:00 a.m. U.S. – JOLTS Job Openings
  • 12:00 p.m. U.S. – FOMC Member Kaplan Speech
  • 2:00 p.m. U.S. – FOMC Member Quarles Speech
  • 5:00 p.m. U.S. – FOMC Member Brainard Speech

 

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: Gold’s Breakout Following U.S. Dollar’s Decline

The gold futures contract gained 2.67% on Thursday, as it broke above its October highs following relatively big decline of the U.S. dollar. The markets continue to react on U.S. Presidential Election uncertainty. Gold got back to around $1,950 price level and it is currently within its mid-September trading range, as we can see on the daily chart ( the chart includes today’s intraday data ):

Gold is 0.1% higher this morning, as it is extending a short-term uptrend. What about the other precious metals? Silver gained 5.43% on Thursday and today it is 1.4% higher. Platinum gained 3.42% and today it is 0.5% higher. Palladium gained 3.29% yesterday and today it’s 0.8% higher. So precious metals are extending their yesterday’s advance this morning .

Yesterday’s Unemployment Claims release has been as expected at 751,000. The FOMC Statement release didn’t bring any surprises as the markets are still waiting for Presidential Election’s outcome. But today we will get the important monthly jobs data release at 8:30 a.m. The Nonfarm Payrolls number is expected to decline to +595,000.

Let’s focus on Tuesday’s U.S. Presidential Election . Where would the price of gold go following that event? We’ve compiled the data since 1992, a 28-year-long period of time that contains of seven U.S. Presidential Elections. The chart shows price paths 5 days before and 10 days after the election day. Gold gained the most in 2004 and lost the most in 2016. On average, it was around 0.5% lower 10 days after.

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

Friday, November 6

  • 8:30 a.m. U.S. – Non-Farm Employment Change , Unemployment Rate , Average Hourly Earnings m/m
  • 8:30 a.m. Canada – Employment Change, Unemployment Rate
  • 10:00 a.m. U.S. – Final Wholesale Inventories m/m

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.