Powerful Greenback Pressures Precious Metals Prices

19 Friday Apr 2019

Posted by landisrefining in dental scrap, dentist, gold, precious metal market, scrap gold, scrap precious metals

Thursday April 18, 2019 13:32

(Kitco News) – Gold prices are trading slightly lower in early-afternoon U.S. action Thursday, and did hit another four-month low today. A strong U.S. dollar that saw the dollar index hit new high for the year today is working against the precious metals market bulls. June gold futures were last down $1.60 an ounce at $1,275.20. May Comex silver was last up $0.006 at $14.945 an ounce.

U.S. economic data out today was a mixed bag but mostly upbeat, including jobless claims falling by 5,000 in the latest reporting week. March U.S. retail sales beat expectations and came in at up 1.6%. Gold and silver prices initially down-ticked a bit on the earlier reports’ releases but then moved back to near unchanged levels on the day, where they now remain.

U.S. and many other nations markets are closed on Friday for the Good Friday Easter holiday.

The marketplace, especially the FOREX sector, is keeping a very close eye on the Turkish lira, which has weakened significantly against the U.S. dollar recently. There are concerns about Turkey’s low foreign currency reserves that would have to be used to defend the lira in case speculative FOREX traders mounted a selling attack on it.Sponsored By: IG Markets

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The U.S.-China trade negotiations are continuing and apparently the world’s two largest economies are moving closer to a final agreement. There is talk in the marketplace that President Trump and Chinese President Xi Jinping could meet next month to seal the deal.

The other key outside markets today finds Nymex crude oil prices are slightly down and trading around $63.50 a barrel.

Technically, June gold futures prices closed nearer the session low today. The bears have the overall near-term technical advantage. A two-month-old downtrend line on the daily bar chart is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at $1,250.00. First resistance is seen at Wednesday’s high of $1,282.10 and then at Tuesday’s high of $1,291.70. First support is seen at $1,270.00 and then at $1,260.00. Wyckoff’s Market Rating: 4.0.

Live 24 hours silver chart [ Kitco Inc. ]

May silver futures prices closed near mid-range. The silver bears have the overall near-term technical advantage. A two-month-old downtrend is in place on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the April high of $15.31 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $14.50. First resistance is seen at this week’s high of $15.055 and then at $15.25. Next support is seen at this week’s low of $14.795 and then at $14.75. Wyckoff’s Market Rating: 4.0.

May N.Y. copper closed down 450 points at 292.25 cents today. Prices closed near mid-range today on profit taking after hitting a 9.5-month high on Wednesday. The copper bulls still have the overall near-term technical advantage. Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at 300.00 cents. The next downside price objective for the bears is closing prices below solid technical support at the March low of 283.45 cents. First resistance is seen at today’s high of 296.40 cents and then at this week’s high of 299.55 cents. First support is seen at today’s low of 290.30 cents and then at the April low of 288.35 cents. Wyckoff’s Market Rating: 6.5.By Jim Wyckoff

For Kitco News

Director of Dental Hygiene offers tips to save on oral health for ‘WalletHub’

04 Monday Feb 2019

Posted by landisrefining in business practices, dental scrap, dentist, health and wellness, oral health

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Marji Harmer-Beem, RDH, M.S., program director of UNE’s Department of Dental Hygiene, recently provided WalletHub with tips on dental health.

The personal finance website released an article on the states with the best and worst dental health. Wisconsin was ranked best, with Arkansas finishing last. Maine checked in at number 33.

Harmer-Beem was one of several experts called on to offer tips as a part of the article. She stated that beyond brushing and flossing, good food choices are also helpful to ensure good dental hygiene for children.

“Good diet and nutrition lead to overall health and good oral health by limiting or omitting sugary drinks such as soda and sugary snacks,” she explained. “In recent years there have been community campaigns to have healthier snacks and drinks available to school children. These initiatives help promote oral health, general health and curb childhood obesity.”

Gold, Silver Slightly Lower Amid Upbeat Risk Appetite | Kitco News

10 Tuesday Apr 2018

Posted by landisrefining in dental scrap, gold, market, precious metal market, scrap gold, scrap precious metals

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(Kitco News) – Safe-haven gold and silver prices are slightly lower in early U.S. trading Monday. Higher world stock markets overnight are a negative for the competing asset class of precious metals. However, a slightly weaker U.S. dollar index today is working in favor of the metals bulls. June Comex gold futures were last down $0.60 an ounce at $1,335.40. May Comex silver was last down $0.007 at $16.355 an ounce.

U.S. stock indexes are also pointed toward higher openings when the New York day session begins, which suggests better investor risk appetite in the marketplace to start the trading week. Still, traders and investors are wondering if the high volatility in the stock market will continue this week. Such would favor the stock market bears and the precious metals market bulls.

The markets have not reacted significantly to reports of missile strikes on the Syrian military overnight, after weekend reports that the Syrian army has used poison gas on its civilians. Reports said the missile strikes came from Israeli jets.

The U.S.-China trade dispute simmered down a bit during the weekend. Trump administration officials said on Sunday that trade sanctions against China are not imminent and there is time to work out a solution to the matter.

The key “outside markets” on Monday morning see the U.S. dollar index slightly lower. The greenback is seeing a corrective pullback today after hitting a five-week high on Friday. Meantime, Nymex crude oil prices are higher and trading just below $63.00 a barrel.

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Gold Outlook Investors Watching $1,300 For Gold Next Week

15 Thursday Jun 2017

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Gold’s renewed momentum, following a disappointing May jobs report, is expected to continue into next week with some analysts saying that $1,300 could be a viable target.

Gold saw a major boost Friday after the release of a weaker-than-expected nonfarm payrolls report, which showed that 138,000 jobs were created in May, well below expectations for gains of 181,000 jobs.

August gold futures last traded at $1,279.60 an ounce, up 0.64% from last Friday, its fourth consecutive week of positive gains.

The rally in gold helped push up the entire precious metals complex higher with palladium posting its highest price in almost two years; September palladium last traded at $835.45 an ounce, up more than 6% from last week. July Comex silver futures last traded at $17.505, up 1% from last week. Meanwhile, July Platinum was the only weaker metal, last trading at 953.60 an ounce, down almost 1% from the previous week.