Daily Gold News: Gold’s Consolidation Following Last Week’s Rally

The gold futures contract gained 0.34% on Monday, as it fluctuated following its Thursday’s-Friday’s rally. The price broke above a short-term consolidation along $1,800 price level. In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. The yellow metal’s price was the lowest since last year’s June. Today gold is trading within its yesterday’s daily range, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.2% higher this morning, as it is trading along yesterday’s closing price. What about the other precious metals? Silver is 0.9% higher, platinum is 0.1% lower and palladium is 0.4% higher today. So precious metals are higher this morning.

Today we will have some Fed-talk but the markets will be waiting for tomorrow’s important Consumer Price Index release.

Where would the price of gold go following last Friday’s NFP release? We’ve compiled the data since September of 2018, a 32-month-long period of time that contains of thirty two NFP releases. The following chart shows the average gold price path before and after the NFP releases for the past 32 months. The market was usually advancing ahead of the release day and closing 0.49% higher on the 10th day after the NFP release.

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

Tuesday, May 11

  • 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
  • 10:30 a.m. U.S. – FOMC Member Williams Speech
  • 12:00 p.m. U.S. – FOMC Member Brainard Speech
  • 1:00 p.m. U.S. – FOMC Member Daly Speech
  • 1:15 p.m. U.S. – FOMC Member Bostic Speech

Wednesday, May 12

  • 5:00 a.m. Eurozone – EU Economic Forecasts
  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
  • 9:00 a.m. U.S. – FOMC Member Clarida Speech
  • 1:00 p.m. U.S. – FOMC Member Bostic Speech
  • 1:01 p.m. U.S. – 10-y Bond Auction
  • 2:00 p.m. U.S. – Federal Budget Balance

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, May 10 – Gold Closer to $1,850 Price Level

The gold futures contract gained 0.86% on Friday, as it extended its short-term uptrend following breaking above the recent consolidation. In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. The yellow metal’s price was the lowest since last year’s June. Today gold is trading close to Friday’s daily high, 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 trading closer to $1,850 price level. What about the other precious metals? Silver is 1.1% higher, platinum is 1.2% higher and palladium is 1.9% higher today. So precious metals are higher this morning.

Friday’s monthly jobs data release has been much worse than expected at only +266,000. But the markets went risk-on again. Today we won’t get any new important economic data releases. The markets will be waiting for Wednesday’s important Consumer Price Index release.

Where would the price of gold go following Friday’s NFP release? We’ve compiled the data since September of 2018, a 32-month-long period of time that contains of thirty two NFP releases. The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold gained 1.92% in April and it gained 2.54% in March.

The following chart shows the average gold price path before and after the NFP releases for the past 32 months. The market was usually advancing ahead of the release day and closing 0.49% higher on the 10th day after the NFP release.

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

Monday, May 10

  • 2:00 p.m. U.S. – FOMC Member Evans Speech

Tuesday, May 11

  • 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
  • 10:30 a.m. U.S. – FOMC Member Williams Speech
  • 12:00 p.m. U.S. – FOMC Member Brainard Speech
  • 1:00 p.m. U.S. – FOMC Member Daly Speech
  • 1:15 p.m. U.S. – FOMC Member Bostic 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.

 

Will Silver Prices Hit $30 Again In 2021?

This week, Iron Ore broke $200 a ton for the first time ever, while Palladium broke above $3,000 to hit an all-time record high. Elsewhere, Copper prices surged to a fresh 10-year high and have now doubled from the lows seen a year ago.

And then there’s Silver, which is once again starting to attract a lot of attention – on a scale not seen since the global financial crisis in 2008.

There is a lack of Silver around the world. There is not much Silver at any refineries and getting your hands on physical Silver is becoming increasingly difficult. In fact, Silver is now rarer than Gold, which means there is a risk of a real Silver squeeze this year.

And let’s not forget the whole ‘Green Energy Revolution’, which is currently taking shape across the global economy.

Silver is a key component in everything from electric vehicles, renewable energy to solar power technology. However, supply is limited, which further supports the bullish case for Silver prices in the medium to long term.

As governments around the world pursue more aggressive Green Energy and Infrastructure policies to reach net-zero carbon emissions by 2050 or sooner – this alone will continue to be a major driver of Silver demand for years to come.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

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

Gold Forecast – Gold Prices Breaking Out Above $1800 Confirming Next Up leg

Gold is above $1800 and confirmed last week’s outlook for a crucial 40-day cycle low. Prices remain on track for a retest of the $2000 level by July. The next 40-day low is not due until late June, so we see plenty of room for upside near-term.

GOLD FUTURES DAILY: The mid-term gold cycle bottomed on day 37, and prices are just 5-days into a new upswing. With futures clearly above $1800, the uptrends in metals in mines should begin to accelerate.

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Note- The 40-day cycle in gold bottomed on day 37 – slightly early but not surprising given the previous cycle extended to 41-days. On average, we see cyclical turning points about every 39-days.

GOLD MINERS (GDX): After an agonizing 7-month decline, gold miners formed a major bottom in March. In fact, we believe GDX may never return to the $30.00 level again for the remainder of this 10-year bull market.

Currently, miners are attacking the April high ($36.83) and the all-important 200-day MA ($36.99). Once prices push above $37.00, then I think there is a good chance shorts will begin to cover, and we could get the 5%+ bullish recognition day I’ve been expecting. Prices overwhelmingly confirmed last week’s 40-day cycle low, and we are only 4-days into a new upcycle.

A picture containing chart Description automatically generated

bullish recognition day is when the market suddenly acknowledges a trend change. Traders that were still looking lower get caught on the wrong side and frantically begin to cover. In GDX, this usually looks like a robust 5%+ up day on big volume.

We see tremendous value in high-quality gold producers. These miners are minting money (real money – not Dogecoin) and are incredibly undervalued, in our opinion. Our favorite producer currently is Kirkland Lake.

Silver and platinum are also primed and could explode higher over the coming weeks. Our Premium Metals Portfolio has been accumulating quality miners throughout the pullback and is well-positioned for this next advance.

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. For more information, please visit here.

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

Daily Gold News: Thursday, May 6 – Gold Bouncing Back and Forth

The gold futures contract gained 0.47% on Wednesday, as it extended its short-term consolidation. In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. The yellow metal’s price was the lowest since last year’s June. Today gold is trading closer to the recent local highs, 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 trading closer to $1,800 price level. What about the other precious metals? Silver is 1.0% higher, platinum is 0.8% higher and palladium is 0.8% lower today. So precious metals are higher this morning.

Yesterday’s ADP Non-Farm Employment Change release has been worse than expected at +742,000. The ISM Services PMI has also been worse than expected at 62.7. Today we will get the Unemployment Claims release, among others.

The markets will be waiting for tomorrow’s monthly jobs data release.

Where would the price of gold go following Friday’s NFP release? We’ve compiled the data since September of 2018, a 32-month-long period of time that contains of thirty two NFP releases. The first chart shows price paths 5 days before and 10 days after the NFP release. The last three cases are marked with dashed lines. Gold gained 1.92% in April and it gained 2.54% in March.

The following chart shows the average gold price path before and after the NFP releases for the past 32 months. The market was usually advancing ahead of the release day and closing 0.49% higher on the 10th day after the NFP release.

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

Thursday, May 6

  • 7:30 a.m. U.S. – Challenger Job Cuts y/y
  • 8:30 a.m. U.S. – Unemployment Claims, Preliminary Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q
  • 1:00 p.m. U.S. – FOMC Member Bostic Speech

Friday, May 7

  • 6:00 a.m. Eurozone – ECB President Lagarde Speech
  • 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 U.S. – Final Wholesale Inventories m/m
  • 10:00 a.m. Canada – Ivey 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.

 

Moneta Markets Launch Revamped Affiliate Partner Program!

As Moneta Markets continue to disrupt the FX and CFD industry, the revamped Partnership model rewards Affiliates with up to $1200 for deposits of $1000 or more. With three CPA plans to choose from, as well as an exclusive ‘Platinum’ model for their premium affiliate partners, Moneta Markets’ new program looks to set to change the landscape of the Forex affiliate industry.

When asked about the revamped CPA structure, Moneta Markets’ founder David Bily said that to stand out in an already crowded industry, you need to constantly evolve and innovate based on observations and of course, ongoing feedback from clients and partners alike.

Moneta Markets’ founder David Bily

“We created our new CPA model with two simple goals, to have tailored plans that better suit the type of traffic that partners choose to target, and to reward our most successful affiliates. By offering three CPA plans, Gold, Silver and Bronze, we can cater to affiliates of all types. No other broker in the industry offers this level of flexibility. And, with up to $1200 CPA on offer for deposits of $1000 or more, that makes us one of the highest paying forex brokers for affiliates.

“On top of the multiple payment structures, we have also created a new “Platinum” plan for affiliates who are bringing in high-quality traffic on a consistent basis that will reward them even more. On top of their CPA payments, Platinum partners will receive ongoing rebates on Forex in perpetuity, bi-weekly payouts, prepayments as well as a range of other exclusive benefits. We value the work of our partners, and it is important that we continue to build on these relationships and reward our affiliates accordingly.

“Our software providers and technology partners have also had a vital role in helping us to create a fully integrated system that streamlines each individual component of our Affiliate Partner program. By working closely with the team at Panda and Praxis, we have been able to create a system that allows fast client onboarding and account funding. And, by integrating the CellXpert platform with the Moneta Markets Client Portal and WebTrader platform, affiliates can access transparent reporting of payouts and rebates, powerful tracking, optimization and a comprehensive range of multilingual marketing materials that are optimised to convert, and to help partners reach traffic on a global scale. And, in an environment where we are seeing significantly more mobile traffic, we have integrated AppsFlyer into our AppTrader mobile platform for increased lead attribution, offering affiliates additional avenues to improve their earnings.”

In addition to the launch of their Affiliate program, Moneta Markets has also significantly reduced spreads across all instruments, a feature that affiliates are now leveraging when marketing the brand.

“We want to make it so that our partners can promote a superior product to our competitors, and with that in mind we are constantly looking to improve our offering. Recently, we have introduced new account types STP, True ECN and Moneta Prime, all of which offer some of the lowest spreads in the industry across not only Forex pairs, but all our Indices and Commodity products. Many brokers claim to have low spreads, but very few can live up to that promise. I can say with confidence that Moneta Markets’ spreads are much lower than our direct competitors, with the majors currency pairs and Indices averaging 0.0 pips.”

With the addition of multiple account types as well as offering multiple trading platforms to choose from, MetaTrader 4, MetaTrader 5, and their next-gen WebTrader platform, Moneta Markets continues to appeal to an expanding audience, living up to its reputation as not only the preferred partner for Affiliates, but as the broker to keep an eye on throughout 2021! To find out more about the broker’s first of its kind CPA Affiliate program, click here.

Daily Gold News: Wednesday, May 5 – Gold Remains Within a Consolidation

In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. The yellow metal’s price was the lowest since last year’s June. Today gold is trading along yesterday’s closing price, 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 within a short-term consolidation. What about the other precious metals? Silver is 0.6% lower, platinum is 1.1% lower and palladium is 0.4% higher today. So precious metals are mixed this morning.

Yesterday’s U.S. Factory Orders release has been slightly worse than expected at +1.1%. Today we will get the ADP Non-Farm Employment Change release at 8:15 a.m., among others.

The markets will be waiting for Friday’s U.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, May 5

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:30 a.m. U.S. – FOMC Member Evans Speech
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI
  • 3:00 p.m. U.S. – FOMC Member Evans Speech
  • 6:30 p.m. Canada – BOC Governor Macklem Speech
  • Tentative, Eurozone – EU Economic Forecasts

Thursday, May 6

  • 7:30 a.m. U.S. – Challenger Job Cuts y/y
  • 8:30 a.m. U.S. – Unemployment Claims, Preliminary Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q
  • 1:00 p.m. U.S. – FOMC Member Bostic 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: Tuesday, May 4 – Retracing Monday’s Advance

The gold futures contract gained 1.36% on Monday, as it got back to the recent local highs again.

In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. The yellow metal’s price was the lowest since last year’s June. Today gold is trading lower, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.6% lower this morning, as it is retracing some of yesterday’s advance. What about the other precious metals? Silver is 0.6% lower, platinum is 0.7% higher and palladium is 1.0% higher today. So precious metals are mixed this morning.

Yesterday’s U.S. ISM Manufacturing PMI release has been worse than expected at 60.7. Today we will get the Factory Orders number.

Where would the price of gold go following Thursday’s U.S. Advance GDP release? We’ve compiled the data since January of 2013, an over 8-year-long period of time that contains of thirty three Advance GDP releases. The following chart shows the average gold price path before and after the U.S. Advance GDP releases for the past 33 months. The market was usually going sideways ahead of the release day and closing 0.21% lower on the 10th day after the NFP release.

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

Tuesday, May 4

  • 12:30 a.m. Australia – RBA Rate Statement, Cash Rate
  • 10:00 a.m. U.S. – Factory Orders m/m
  • 1:00 p.m. U.S. – FOMC Member Daly Speech
  • All Day, Japan – Bank Holiday
  • All Day, China – Bank Holiday

Wednesday, May 5

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 9:30 a.m. U.S. – FOMC Member Evans Speech
  • 9:45 a.m. U.S. – Final Services PMI
  • 10:00 a.m. U.S. – ISM Services PMI
  • 3:00 p.m. U.S. – FOMC Member Evans Speech
  • 6:30 p.m. Canada – BOC Governor Macklem Speech
  • Tentative, Eurozone – EU Economic Forecasts

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, May 3 – Gold Trading Along $1,780 Price Level

The gold futures contract lost 0.03% on Friday, as it continued to trade within a short-term consolidation. In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. The yellow metal’s price was the lowest since last year’s June. Today gold is trading higher but still within a short-term consolidation, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.6% higher this morning, as it is trading along $1,780 price level. What about the other precious metals? Silver is 1.0% higher, platinum is 0.3% lower and palladium is 0.5% higher today. So precious metals are higher this morning.

Today we will get the U.S. Manufacturing PMI releases at 9:45 a.m. and 10:00 a.m. and a speech from the Fed Chair Powell at 2:20 p.m.

Where would the price of gold go following Thursday’s U.S. Advance GDP release? We’ve compiled the data since January of 2013, an over 8-year-long period of time that contains of thirty three Advance GDP releases. The following chart shows the average gold price path before and after the U.S. Advance GDP releases for the past 33 months. The market was usually going sideways ahead of the release day and closing 0.21% lower on the 10th day after the NFP release.

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

Monday, May 3

  • 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
  • 2:10 p.m. U.S. – FOMC Member Williams Speech
  • 2:20 p.m. U.S. – Fed Chair Powell Speech
  • All Day, U.K. – Bank Holiday
  • All Day, Japan – Bank Holiday
  • All Day, China – Bank Holiday

Tuesday, May 4

  • 12:30 a.m. Australia – RBA Rate Statement, Cash Rate
  • 10:00 a.m. U.S. – Factory Orders m/m
  • 1:00 p.m. U.S. – FOMC Member Daly Speech
  • All Day, Japan – Bank Holiday
  • All Day, China – 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: Friday, Apr. 30 – Gold Still Going Sideways

The gold futures contract lost 0.32% on Thursday, as it extended a short-term consolidation. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading along yesterday’s closing price, 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 consolidation. What about the other precious metals? Silver is 0.8% lower, platinum is 1.5% higher and palladium is 1.3% higher today. So precious metals are mixed this morning.

Yesterday’s Advance GDP release has been slightly worse than expected at +6.4%. Today we will get the Chicago PMI, UoM Consumer Sentiment releases.

Where would the price of gold go following yesterday’s U.S. Advance GDP release? We’ve compiled the data since January of 2013, an over 8-year-long period of time that contains of thirty three Advance GDP releases. The first chart shows price paths 5 days before and 10 days after the Adv. GDP release. The last three cases are marked with dashed lines. Gold lost 2.28% 2.54% in January/ February and it gained 0.28% in October/ November last year.

The following chart shows the average gold price path before and after the U.S. Advance GDP releases for the past 33 months. The market was usually going sideways ahead of the release day and closing 0.21% lower on the 10th day after the NFP release.

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

Friday, April 30

  • 4:00 a.m. Eurozone – German Preliminary GDP q/q
  • 8:30 a.m. Canada – GDP m/m
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations

Friday, April 30

  • 4:00 a.m. Eurozone – German Preliminary GDP q/q
  • 8:30 a.m. Canada – GDP m/m
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised 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, Apr. 29 – Gold Unchanged Despite Fed, Biden

The gold futures contract lost 0.28% on Wednesday, as it further extended a short-term consolidation. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading within the mentioned short-term consolidation, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.5% lower this morning, as it is retracing an intraday advance once again. What about the other precious metals? Silver is 0.3% higher, platinum is 0.5% lower and palladium is 0.5% higher today. So precious metals are mixed this morning.

Yesterday’s FOMC Statement release has led to another stock market rally but gold extended its fluctuations. Today we will get the important Advance GDP release.

Where would the price of gold go following tomorrow’s U.S. Advance GDP release? We’ve compiled the data since January of 2013, an over 8-year-long period of time that contains of thirty three Advance GDP releases. The first chart shows price paths 5 days before and 10 days after the Adv. GDP release. The last three cases are marked with dashed lines. Gold lost 2.28% 2.54% in January/ February and it gained 0.28% in October/ November last year.

The following chart shows the average gold price path before and after the U.S. Advance GDP releases for the past 33 months. The market was usually going sideways ahead of the release day and closing 0.21% lower on the 10th day after the NFP release.

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

Thursday, April 29

  • 8:30 a.m. U.S. – Advance GDP q/q , Advance GDP Price Index q/q, Unemployment Claims
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • 9:00 p.m. China – Manufacturing PMI, Non-Manufacturing PMI

Friday, April 30

  • 4:00 a.m. Eurozone – German Preliminary GDP q/q
  • 8:30 a.m. Canada – GDP m/m
  • 9:45 a.m. U.S. – Chicago PMI
  • 10:00 a.m. U.S. – Revised UoM Consumer Sentiment, Revised 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: Wednesday, Apr. 28 – Gold Breaking Lower Ahead of FOMC Release

The gold futures contract lost 0.07% on Tuesday, as it continued to trade within a short-term consolidation. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading below the mentioned short-term consolidation, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.6% lower this morning, as it is trading below the recent local lows. What about the other precious metals? Silver is 1.5% lower, platinum is 1.1% lower and palladium is 1.6% higher today. So precious metals are lower this morning.

Yesterday’s CB Consumer Confidence announcement has been better than expected at 121.7. Today the markets will be waiting for FOMC Statement release at 2:00 p.m. and tomorrow we will have the Advance GDP release .

Where would the price of gold go following tomorrow’s U.S. Advance GDP release? We’ve compiled the data since January of 2013, an over 8-year-long period of time that contains of thirty three Advance GDP releases. The first chart shows price paths 5 days before and 10 days after the Adv. GDP release. The last three cases are marked with dashed lines. Gold lost 2.28% 2.54% in January/ February and it gained 0.28% in October/ November last year.

The following chart shows the average gold price path before and after the U.S. Advance GDP releases for the past 33 months. The market was usually going sideways ahead of the release day and closing 0.21% lower on the 10th day after the NFP release.

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

Wednesday, April 28

  • 10:00 a.m. Eurozone – ECB President Lagarde Speech
  • 2:00 p.m. U.S. – FOMC Statement, Federal Funds Rate
  • 2:30 p.m. U.S. – FOMC Press Conference
  • Tentative, All Day – OPEC-JMMC Meetings
  • All Day, Japan – Bank Holiday

Thursday, April 29

  • 8:30 a.m. U.S. – Advance GDP q/q , Advance GDP Price Index q/q, Unemployment Claims
  • 10:00 a.m. U.S. – Pending Home Sales m/m
  • 9:00 p.m. China – Manufacturing PMI, Non-Manufacturing 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: Tuesday, Apr. 27 – Still Trending Sideways

The gold futures contract gained 0.13% on Monday, as it extended its short-term consolidation. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading within the mentioned short-term consolidation, 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 yesterday’s daily close. What about the other precious metals? Silver is 0.1% higher, platinum is 0.2% higher and palladium is 1.0% higher today. So precious metals are mixed this morning.

The markets will be waiting for tomorrow’s FOMC Statement and Thursday’s Advance GDP releases. But today we will get the important CB Consumer Confidence announcement at 10:00 a.m.

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

Tuesday, April 27

  • 10:00 a.m. U.S. – CB Consumer Confidence , Richmond Manufacturing Index
  • 4:00 p.m. Canada – BOC Governor Macklem Speech

Wednesday, April 28

  • 10:00 a.m. Eurozone – ECB President Lagarde Speech
  • 2:00 p.m. U.S. – FOMC Statement, Federal Funds Rate
  • 2:30 p.m. U.S. – FOMC Press Conference
  • Tentative, All Day – OPEC-JMMC Meetings
  • All Day, Japan – 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: Monday, Apr. 26 – Gold Extends Consolidation

The gold futures contract lost 0.24% on Friday, as it traded within a short-term consolidation. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading along Friday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is virtually unchanged this morning, as it is trading within a short-term consolidation following the recent advances. What about the other precious metals? Silver is 0.2% higher, platinum is 0.5% higher and palladium is 1.4% higher today. So precious metals are mixed this morning.

The markets will be waiting for Wednesday’s FOMC Statement and Thursday’s Advance GDP releases. Today we will get the Durable Goods Orders announcement at 8:30 a.m.

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

Monday, April 26

  • 4:00 a.m. Eurozone – German ifo Business Climate
  • 8:30 a.m. U.S. – Durable Goods Orders m/m, Core Durable Goods Orders m/m
  • Tentative, Japan – BOJ Outlook Report, Monetary Policy Statement, BOJ Policy Rate

Tuesday, April 27

  • 10:00 a.m. U.S. – CB Consumer Confidence, Richmond Manufacturing Index
  • 4:00 p.m. Canada – BOC Governor Macklem 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: Friday, Apr. 23 – Gold Moving Sideways

The gold futures contract lost 0.62% on Thursday, as it retraced Wednesday’s advance. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading slightly higher, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.2% higher this morning, as it is retracing some of yesterday’s decline. What about the other precious metals? Silver is 0.1% lower, platinum is 1.2% higher and palladium is 0.1% higher today. So precious metals are mixed this morning.

The markets will be waiting for the U.S. Flash Manufacturing PMI/ Flash Services PMI releases at 9:45 a.m. We will also have the New Home Sales release at 10:00 a.m.

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

Friday, April 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
  • 4:00 a.m. Eurozone – Flash Manufacturing PMI, Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – New Home Sales

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 Forecast – March Bottom Signals New Multi-Month Advance

On March 5th, I penned an article titled: Gold Price Forecast – A Rare Post Crisis Buying Opportunity. Prices bottomed 3-days later and just below our $1675 target. We believe a new uptrend is just beginning. Below is a copy of our most recent gold report.

FRIDAY GOLD FORECAST APRIL 23, 2021

As the inflation numbers tick up into May, the rallies in metals and miners should gain momentum. Our work supports an advance in gold to $2000+ by July or August. Gold miners continue to offer more upside, in our opinion.

The Gold Cycle Indicator finished at 12. A new upcycle is just beginning and could last several months. Our Educational Metals Portfolio is overweight gold miners.

 

GOLD– As long as gold holds above the $1750 level, I think the surprises will come to the upside. Gold probably needs to take out $1800 to spark the next multi-day advance. I continue to look for a retest of the $2000 level by July or August.

 

-SILVER Silver is trying to recapture the contentious $26.00 level. As long as prices stay above $24.50, I continue to expect a breakout above $30.00. I’ll better estimate targets once we see the magnitude of the breakout.

 

PLATINUM Platinum remains stuck in consolidation and needs to break above $1260 or below $1140 for direction. Ultimately, I expect higher prices.

 

-GDX- I continue to believe miners formed an important bottom in March 2021. The trend remains a bit hesitant. Gold may have to rally above $1800 to trigger the 5%+ bullish recognition day I’ve been awaiting. As long as prices stay above $34.50, the path of least resistance looks higher.

 

-GDXJ- It’s been two steps forward and one step back since the March low. Prices need to get back above the 200-day MA to summon a more robust advance. If silver breaks sharply above $30.00 as expected, I think we could see new highs by July/August.

 

-KL- Kirkland Lake Gold remains my favorite producer. I think prices reached an important bottom in March. As long as prices stay above $37.00, I think they will head back towards $50.00+. This is one stock I plan on holding for several years.

 

-NEM- As long as Newmont stays above $63.00, I believe prices should head to new highs.

 

-SILJ- The cup-with-handle pattern in the silver junior mining ETF is a bit busy and less clear due to its volatility. Nevertheless, I believe prices bottomed, and as long as they stay above $14.50, I expect new highs.

 

-PTON- There was a little confusion regarding the chart of Peloton. I’m only using it as an illustration for a head and shoulder topping pattern. Though it could signal a broader decline in the stock market, I’m not suggesting a short. I thought the pattern was exceptional and wanted to share it with members. A definitive close below $95.00 would signal a pattern breakdown and support a downside target of $50.00.

 

-XLE- Energy stocks are trying to hold support surrounding $47.00. The odds favor a breakdown and decline towards $40.00 to $44.00.

Markets may remain subdued before next week’s Fed announcement. Overall, prices are behaving as expected coming out of the March lows.

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. For more information, please visit here.

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

Daily Gold News: Thursday, Apr. 22 – Gold Still Below $1,800 Price Level

The gold futures contract gained 0.83% on Wednesday, as it extended its recent advance. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is retracing some of the advance, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.6% lower this morning, as it is trading along the recent local highs. What about the other precious metals? Silver is 1.0% lower, platinum is 1.0% lower and palladium is 0.7% lower today. So precious metals are lower this morning.

The markets will be waiting for today’s ECB ’s Monetary Policy Statement announcement at 7:45 a.m. and their Press Conference at 8:30 a.m. We will also have the U.S. Unemployment Claims release 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, April 22

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 8:30 a.m. U.S. – Unemployment Claims
  • 10:00 a.m. U.S. – CB Leading Index m/m, Existing Home Sales

Friday, April 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
  • 4:00 a.m. Eurozone – Flash Manufacturing PMI, Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – New Home Sales

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.

 

Belgium’s Umicore sees 2021 core profit beating expectations

By Pawel Goraj

(Reuters) -Belgian materials technology and recycling group Umicore beat full-year guidance expectations on Thursday, spurred by high precious metal prices and strong demand, sending its shares 7% higher.

The group sees adjusted earnings before interest and tax (EBIT) for the year approaching 1 billion euros ($1.2 billion), significantly higher than expected for 2021 and reported last year.

“We’re in very good shape to sustain these levels of margins and profitability for awhile,” Umicore’s Chief Executive, Marc Grynberg said on a call with analysts.

Umicore’s recycling business has benefited the most from higher prices, particularly for rhodium, with the new outlook incorporating on a like-for-like basis an exceptional additional contribution of roughly 250 million euros compared to 2020.

Driven by increased market share in the Chinese and European light-duty gasoline market and the evolution of the sales mix in Europe, where diesel has declined relative to gasoline engines, the catalysis unit is expected to more than double adjusted earnings, the company said.

Grynberg also anticipated volume growth in the rechargeable battery materials business as the automotive industry recovers in Europe.

Umicore, which competes with Britain’s Johnson Matthey and Germany’s BASF, said adjusted earnings would be higher in the first half of the year than in the second and added that the new guidance assumes no deterioration in demand in the automotive industry.

Output will be affected in the second half by planned maintenance at Hoboken in Belgium, one of the world’s largest precious metals refining sites, Umicore said.

Analysts also said precious metals price volatility could have a bearing on earnings.

“It would not be wise to extrapolate the current precious metals pricing bonanza into the longer term future,” KBC said in a note.

Umicore, which is due to publish first quarter results on April 29, reported EBIT at 536 million euros in 2020.

($1 = 0.8310 euros)

(Reporting by Pawel Goraj. Editing by Himani Sarkar, Mark Potter and Barbara Lewis)

Daily Gold News: Wednesday, Apr. 21 – Gold Remains Below $1,800 Price Level

The gold futures contract gained 0.44% on Tuesday, as it fluctuated following its recent advance. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.2% higher this morning, as it continues to fluctuate following last week’s advance. What about the other precious metals? Silver is 0.4% higher, platinum is 0.3% higher and palladium is 1.4% higher today. So precious metals are slightly higher this morning.

Today we won’t get any new important economic data releases. The markets will be waiting for tomorrow’s ECB ’s Monetary Policy Statement announcement.

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

Wednesday, April 21

  • 10:00 a.m. Canada – BOC Rate Statement, BOC Monetary Policy Report, Overnight Rate

Thursday, April 22

  • 7:45 a.m. Eurozone – Monetary Policy Statement, Main Refinancing Rate
  • 8:30 a.m. Eurozone – ECB Press Conference
  • 8:30 a.m. U.S. – Unemployment Claims
  • 10:00 a.m. U.S. – CB Leading Index m/m, Existing Home Sales

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, Apr. 20 – Gold’s Consolidation Following Recent Advance

The gold futures contract lost 0.54% on Monday, as it retraced some of its recent advance. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is trading along yesterday’s closing price, as we can see on the daily chart (the chart includes today’s intraday data):

Gold is 0.04% lower this morning, as it is fluctuating following last week’s advance. What about the other precious metals? Silver is 0.2% higher, platinum is 1.9% lower and palladium is 2.1% lower today. So precious metals are mixed this morning.

Today we won’t get any new important economic data releases. The markets will be waiting for Thursday’s ECB ’s Monetary Policy Statement announcement.

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

Tuesday, April 20

  • No important economic data announcements

Wednesday, April 21

  • 10:00 a.m. Canada – BOC Rate Statement, BOC Monetary Policy Report, Overnight Rate

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.