Are The Precious Metals Percolating For A Big Move? | Seeking Alpha

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Since the beginning of 2018, gold has been stuck in a trading range between $1310 and $1360. Silver has ranged between $16.20 and $17.50, though primarily between $16.80 and $16.25 since February. So what’s next? While most analysts base their views largely on chart technicals, I have found – at least for me – the Commitments of Traders “tea

landis refining, dental industry, scrap metal, purchase gold, purchase dental scraps, gold market

Ticker

 leaves” is a more reliable forecasting tool. Friday’s COT report showed a continuation of the trader positioning pattern that I believe will support the next big move higher.

Elijah Johnson and James Anderson invited me on to their weekly Metals and Markets podcast to discuss why I believe the metals may be bottoming. In addition, we discuss the why Amazon.com (NASDAQ:AMZN) and Tesla (NASDAQ:TSLA) are horrifically overvalued:

via Are The Precious Metals Percolating For A Big Move? | Seeking Alpha

Suffering from diabetes? Take extra care of your teeth | Health24

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dentist with pat

Diabetic? See your Dentist regularly.

Many adults with diabetes don’t see the dentist often enough, even though they’re at increased risk for gum disease, researchers say.

In a new study, investigators analysed data from just over 2.5 million American adults who took part in an annual federal government health survey.

The survey results showed that people with diabetes or prediabetes were least likely to visit the dentist. The study included about 248 000 diabetics, 30 500 people with prediabetes and over 2.2 million without diabetes.

Study author Huabin Luo, of East Carolina University in Greenville, North Carolina, was concerned by the results. “Those who need dental care the most seem to be the least likely to have it,” said Luo, an assistant professor of public health.

Why should diabetics go to the dentist more often?

People with diabetes are at increased risk for gum disease, which can hamper blood-sugar control and speed the progression of diabetes, the study authors explained.

Between 2004 and 2014, annual dental visits fell from 66% to 61% among people with diabetes; from 66% to just under 65% among those with prediabetes; and from nearly 72% to 66.5% for people without diabetes, the study found.

With about 6% of South Africans suffering from diabetes, it’s just as important in this country that diabetics visit the dentist regularly.

The study’s senior author, Bei Wu, says, “For people living with diabetes, regular dental check-ups – paired with proactive dental and diabetes self-care – are important for maintaining good oral health.” Wu is director of Global Health and Aging Research at New York University’s Rory Meyers College of Nursing in New York City.

Avoid diabetic complications

“Regular dental visits provide opportunities for prevention, early detection, and treatment of periodontal [gum] disease, which can potentially help with blood-glucose control and prevent complications from diabetes,” Wu explained in an NYU news release.

Health care workers should encourage people with diabetes to visit a dentist at least once a year, she suggested. “Increasing access to dental services is vital to achieving this goal,” she added.

The report was published online in the Journal of the American Dental Association.

Take care of your teeth

In a previous Health24 article, Cape Town-based dentist Dr Mark Sher emphasised the importance of dental care for diabetics because of the added risk of gum disease, mouth sores, and other issues.

Here are ways to take care of your oral hygiene of you are diabetic:

  • Schedule your dental appointments in accordance with your meal and insulin times to avoid hyper- or hypoglycaemia.
  • If you are diabetic, you will need a more rigorous approach to dental care. Go for teeth cleanings every three months and dental checkups every six months.
  • Brush and floss gently after each meal.
  • Mention bleeding gums to your dentist, as this might be a sign of gum infection.
  • Keep note of any changes, pain, sensitivity or possible mouth sores and mention these to your dentist.

Image credit: iStock

Read more via Suffering from diabetes? Take extra care of your teeth | Health24

PRECIOUS-Gold prices crawl up as dollar pauses rally | Reuters

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landis refining, dental industry, scrap metal, purchase gold, purchase dental scraps

American Gold Coin

BENGALURU, May 7 (Reuters) – Gold prices edged up in early
trade on Monday as the dollar took a breather after climbing to
its highest level this year in the previous session.

FUNDAMENTALS
* Spot gold rose 0.2 percent to $1,316.62 per ounce
at 0034 GMT.
* U.S. gold futures for June delivery were up 0.2
percent at $1,317.20 per ounce.
* The dollar index , which measures the greenback
against a basket of six major currencies, was steady at 92.547
after hitting its best since December at 92.900 on Friday.

* U.S. job growth increased less than expected in April and
the unemployment rate dropped to near a 17-1/2-year low of 3.9
percent as some out-of-work Americans left the labor force.
* Two Federal Reserve officials who are currently voting
members of the U.S. central bank’s rate-setting committee said
on Friday they were keeping an open mind on the total number of
interest rate rises needed this year.
* U.S. interest rate futures rose modestly on Friday, as
traders still expect the Federal Reserve to raise key borrowing
costs at its June 12-13 policy meeting in the wake of
weaker-than-forecast growth in domestic payrolls and wages in
April.
* Euro zone business growth dimmed again in April but the
picture remained relatively bright as new business stayed
buoyant and firms managed to build up backlogs of work, a survey
showed on Friday.
* SPDR Gold Trust , the world’s largest gold-backed
exchange-traded fund, said its holdings fell 0.17 percent to
864.13 tonnes on Friday from 865.60 tonnes on Thursday.

* Hedge funds and money managers trimmed their net long
positions in COMEX gold contracts in the week to May 1, U.S.
Commodity Futures Trading Commission (CFTC) data showed on
Friday.
* Demand for physical gold barely changed in major Asian
hubs last week even as global prices weakened, while a
correction in local rates in India prompted retail consumers and
jewellers to start purchases.
* The World Gold Council, owner of the world’s largest
gold-backed exchange traded fund (ETF), is launching a new fund
with a cut-price management fee to fend off rivals with lower
charges, a source familiar with the matter told Reuters.

via PRECIOUS-Gold prices crawl up as dollar pauses rally | Reuters

CFTC Fines Two UAE Traders $2.7 Million Over Precious Metals Spoofing | Finance Magnates

crying-sad-trader-or-broker

Photo: Reuters

The US Commodity Futures

Trading Commission (CFTC) has fined two gold futures traders from the UAE over allegations that they schemed to manipulate the precious metals futures market through a trading tactic known as ‘spoofing’.

Heet Khara and Nasim Salim, both are former traders of CME Group’s gold and silver futures contracts, were hit by $2.7 million in penalties for engaging in disruptive trading practices by placing bids and offers with the intent to cancel them before execution. The abuses of United Arab Emirates residents allegedly occurred between February 2015 through at least April 28, 2015.

Spoofing, in general, is a practice in which a trader floods the market with fake orders by entering and quickly canceling large buy or sell orders on an exchange, in order to fool other traders into thinking that the market is poised to rise or fall.

Read more via CFTC Fines Two UAE Traders $2.7 Million Over Precious Metals Spoofing | Finance Magnates

One of the Rarest Precious Metals Hits a Record High – Bloomberg

Iridium

photo courtesy of periodictable.com

One of the least known precious metals hit a record on healthy demand from the car industry and for growing crystals used in mobile phones.

 Iridium, one of the platinum-group metals, has climbed 12 percent this year, outperforming everything from nickel to gold. As the second-densest element and with one of the highest melting points among metals, it’s sought after for its use in spark plugs and glass manufacturing.

 

Read more via One of the Rarest Precious Metals Hits a Record High – Bloomberg

When in Doubt, Buy Precious Metals | Investopedia

ETFS Physical Precious Metals Basket Shares (GLTR

The recent market-wide pullbacks have led some traders to believe that the selling pressure in some of the precious metals will continue well into the summer. By taking a look at the chart of the ETFS Physical Precious Metals Basket Shares, you can see that the price seems to have reacted to a nearby level of resistance and has started to retrace toward the major support of its 200-day moving average (red line). This is common behavior and shouldn’t really come as a surprise to experienced traders. In fact, traders may want to look at the retracement as a buying opportunity because a bounce higher, followed by a break beyond the upper resistance, could force some to readjust their targets to $69.50, which is equal to the upper resistance plus the height of the pattern. The well-defined risk-to-reward ratios make this a segment to watch, and we’ll take a closer look at the a few components to see exactly how traders are trading the move. (For more, see: Precious Metals Pullback Suggests It Is Time to Buy.)

Technical chart showing the performance of the ETFS Physical Precious Metals Basket Shares (GLTR)

Gold

So far in 2018, pullbacks toward the support of the 50-day moving average or short-term trendlines have consistently provided traders with lucrative risk/reward scenarios, as shown by the chart of the SPDR gold Shares (GLD

). The recent pullback toward the support of the 200-day moving average could be viewed by many as a prime buying opportunity, and recent market volatility could be a catalyst that will drive prices higher over the short term. Active traders will watch for a bounce toward resistance and for a subsequent breakout, which would likely lead to target prices of $132 or more. (For more, see: 3 Charts That Suggest It’s Time to Buy Gold.)Technical chart showing the performance of the SPDR gold Shares (GLD)

[Learn more about using moving averages to develop your trading strategy in Chapter 2 of the Technical Analysis course on the Investopedia Academy]

Silver

Silver prices traditionally lag gold or other precious metals such as platinum. However, the recent jump toward the dotted trendline on the chart of the iShares Silver Trust (SLV

) suggests that the story could be changing. Active traders are closely watching this chart because a break beyond the dotted trendline would be a technical sign of a trend reversal, and the bullish crossover between the MACD and its signal line suggests that this could be the attempt that they’ve been waiting for. The upcoming sessions will prove to be critical because several consecutive closes above will likely act as a catalyst for the other precious metals to head higher. (For more information, see: Now Is The Time To Buy Gold And Silver)Technical chart showing the performance of the iShares Silver Trust (SLV)

Bottom Line

Market volatility and cross-market sell-offs have many investors concerned that there are few good places to allocate their capital. While price metals have experienced sell-offs over the past few sessions, the pullbacks are creating lucrative risk-to-reward ratios that suggest the group of precious metals is one of the few segments to watch and could be poised for a significant move higher. (For more, see: 3 Positive Long-Term Charts for Precious Metals.)

Charts courtesy of StockCharts.com. At the time of writing, Casey Murphy did not own a position in any of the assets mentioned.

Read more: When in Doubt, Buy Precious Metals | Investopedia https://www.investopedia.com/news/when-doubt-buy-precious-metals/#ixzz5DcoLTS2M
Follow us: Investopedia on Facebook

Heightened levels of market volatility in recent months have triggered a flood of uncertainty among fundamental investors and active traders alike. Globally, there is rising interest in hedging against sharp sell-offs, and many are turning to hard commodities such as precious metals. In this article, we take a look at several charts of interest and try to determine how followers of technical analysis will be positioning themselves over the weeks and months ahead. (For more, see: Traders Turn to Precious Metals Among Volatility.)

ETFS Physical Precious Metals Basket Shares (GLTR

GLTR
ETFS Prcus Mtls Trust Units
64.97
+0.44%

)

The recent market-wide pullbacks have led some traders to believe that the selling pressure in some of the precious metals will continue well into the summer. By taking a look at the chart of the ETFS Physical Precious Metals Basket Shares, you can see that the price seems to have reacted to a nearby level of resistance and has started to retrace toward the major support of its 200-day moving average (red line). This is common behavior and shouldn’t really come as a surprise to experienced traders. In fact, traders may want to look at the retracement as a buying opportunity because a bounce higher, followed by a break beyond the upper resistance, could force some to readjust their targets to $69.50, which is equal to the upper resistance plus the height of the pattern. The well-defined risk-to-reward ratios make this a segment to watch, and we’ll take a closer look at the a few components to see exactly how traders are trading the move. (For more, see: Precious Metals Pullback Suggests It Is Time to Buy.)

Technical chart showing the performance of the ETFS Physical Precious Metals Basket Shares (GLTR)

Gold

So far in 2018, pullbacks toward the support of the 50-day moving average or short-term trendlines have consistently provided traders with lucrative risk/reward scenarios, as shown by the chart of the SPDR gold Shares (GLD

). The recent pullback toward the support of the 200-day moving average could be viewed by many as a prime buying opportunity, and recent market volatility could be a catalyst that will drive prices higher over the short term. Active traders will watch for a bounce toward resistance and for a subsequent breakout, which would likely lead to target prices of $132 or more. (For more, see: 3 Charts That Suggest It’s Time to Buy Gold.)Technical chart showing the performance of the SPDR gold Shares (GLD)

[Learn more about using moving averages to develop your trading strategy in Chapter 2 of the Technical Analysis course on the Investopedia Academy]

Silver

Silver prices traditionally lag gold or other precious metals such as platinum. However, the recent jump toward the dotted trendline on the chart of the iShares Silver Trust (SLV

) suggests that the story could be changing. Active traders are closely watching this chart because a break beyond the dotted trendline would be a technical sign of a trend reversal, and the bullish crossover between the MACD and its signal line suggests that this could be the attempt that they’ve been waiting for. The upcoming sessions will prove to be critical because several consecutive closes above will likely act as a catalyst for the other precious metals to head higher. (For more information, see: Now Is The Time To Buy Gold And Silver)Technical chart showing the performance of the iShares Silver Trust (SLV)

Bottom Line

Market volatility and cross-market sell-offs have many investors concerned that there are few good places to allocate their capital. While price metals have experienced sell-offs over the past few sessions, the pullbacks are creating lucrative risk-to-reward ratios that suggest the group of precious metals is one of the few segments to watch and could be poised for a significant move higher. (For more, see: 3 Positive Long-Term Charts for Precious Metals.)

Charts courtesy of StockCharts.com. At the time of writing, Casey Murphy did not own a position in any of the assets mentioned.

Read more: When in Doubt, Buy Precious Metals | Investopedia https://www.investopedia.com/news/when-doubt-buy-precious-metals/#ixzz5DcoLTS2M
Follow us: Investopedia on Facebook

Heightened levels of market volatility in recent months have triggered a flood of uncertainty among fundamental investors and active traders alike. Globally, there is rising interest in hedging against sharp sell-offs, and many are turning to hard commodities such as precious metals. In this article, we take a look at several charts of interest and try to determine how followers of technical analysis will be positioning themselves over the weeks and months ahead. (For more, see: Traders Turn to Precious Metals Among Volatility.)

ETFS Physical Precious Metals Basket Shares (GLTR

GLTR
ETFS Prcus Mtls Trust Units
64.97
+0.44%

)

The recent market-wide pullbacks have led some traders to believe that the selling pressure in some of the precious metals will continue well into the summer. By taking a look at the chart of the ETFS Physical Precious Metals Basket Shares, you can see that the price seems to have reacted to a nearby level of resistance and has started to retrace toward the major support of its 200-day moving average (red line). This is common behavior and shouldn’t really come as a surprise to experienced traders. In fact, traders may want to look at the retracement as a buying opportunity because a bounce higher, followed by a break beyond the upper resistance, could force some to readjust their targets to $69.50, which is equal to the upper resistance plus the height of the pattern. The well-defined risk-to-reward ratios make this a segment to watch, and we’ll take a closer look at the a few components to see exactly how traders are trading the move. (For more, see: Precious Metals Pullback Suggests It Is Time to Buy.)

Technical chart showing the performance of the ETFS Physical Precious Metals Basket Shares (GLTR)

Gold

So far in 2018, pullbacks toward the support of the 50-day moving average or short-term trendlines have consistently provided traders with lucrative risk/reward scenarios, as shown by the chart of the SPDR gold Shares (GLD

). The recent pullback toward the support of the 200-day moving average could be viewed by many as a prime buying opportunity, and recent market volatility could be a catalyst that will drive prices higher over the short term. Active traders will watch for a bounce toward resistance and for a subsequent breakout, which would likely lead to target prices of $132 or more. (For more, see: 3 Charts That Suggest It’s Time to Buy Gold.)Technical chart showing the performance of the SPDR gold Shares (GLD)

[Learn more about using moving averages to develop your trading strategy in Chapter 2 of the Technical Analysis course on the Investopedia Academy]

Silver

Silver prices traditionally lag gold or other precious metals such as platinum. However, the recent jump toward the dotted trendline on the chart of the iShares Silver Trust (SLV

) suggests that the story could be changing. Active traders are closely watching this chart because a break beyond the dotted trendline would be a technical sign of a trend reversal, and the bullish crossover between the MACD and its signal line suggests that this could be the attempt that they’ve been waiting for. The upcoming sessions will prove to be critical because several consecutive closes above will likely act as a catalyst for the other precious metals to head higher. (For more information, see: Now Is The Time To Buy Gold And Silver)Technical chart showing the performance of the iShares Silver Trust (SLV)

Bottom Line

Market volatility and cross-market sell-offs have many investors concerned that there are few good places to allocate their capital. While price metals have experienced sell-offs over the past few sessions, the pullbacks are creating lucrative risk-to-reward ratios that suggest the group of precious metals is one of the few segments to watch and could be poised for a significant move higher. (For more, see: 3 Positive Long-Term Charts for Precious Metals.)

Charts courtesy of StockCharts.com. At the time of writing, Casey Murphy did not own a position in any of the assets mentioned.

Read more: When in Doubt, Buy Precious Metals | Investopedia https://www.investopedia.com/news/when-doubt-buy-precious-metals/#ixzz5DcoLTS2M
Follow us: Investopedia on Facebook

Heightened levels of market volatility in recent months have triggered a flood of uncertainty among fundamental investors and active traders alike. Globally, there is rising interest in hedging against sharp sell-offs, and many are turning to hard commodities such as precious metals. In this article, we take a look at several charts of interest and try to determine how followers of technical analysis will be positioning themselves over the weeks and months ahead. (For more, see: Traders Turn to Precious Metals Among Volatility.)

ETFS Physical Precious Metals Basket Shares (GLTR

GLTR
ETFS Prcus Mtls Trust Units
64.97
+0.44%

)

The recent market-wide pullbacks have led some traders to believe that the selling pressure in some of the precious metals will continue well into the summer. By taking a look at the chart of the ETFS Physical Precious Metals Basket Shares, you can see that the price seems to have reacted to a nearby level of resistance and has started to retrace toward the major support of its 200-day moving average (red line). This is common behavior and shouldn’t really come as a surprise to experienced traders. In fact, traders may want to look at the retracement as a buying opportunity because a bounce higher, followed by a break beyond the upper resistance, could force some to readjust their targets to $69.50, which is equal to the upper resistance plus the height of the pattern. The well-defined risk-to-reward ratios make this a segment to watch, and we’ll take a closer look at the a few components to see exactly how traders are trading the move. (For more, see: Precious Metals Pullback Suggests It Is Time to Buy.)

Technical chart showing the performance of the ETFS Physical Precious Metals Basket Shares (GLTR)

Gold

So far in 2018, pullbacks toward the support of the 50-day moving average or short-term trendlines have consistently provided traders with lucrative risk/reward scenarios, as shown by the chart of the SPDR gold Shares (GLD

). The recent pullback toward the support of the 200-day moving average could be viewed by many as a prime buying opportunity, and recent market volatility could be a catalyst that will drive prices higher over the short term. Active traders will watch for a bounce toward resistance and for a subsequent breakout, which would likely lead to target prices of $132 or more. (For more, see: 3 Charts That Suggest It’s Time to Buy Gold.)Technical chart showing the performance of the SPDR gold Shares (GLD)

[Learn more about using moving averages to develop your trading strategy in Chapter 2 of the Technical Analysis course on the Investopedia Academy]

Silver

Silver prices traditionally lag gold or other precious metals such as platinum. However, the recent jump toward the dotted trendline on the chart of the iShares Silver Trust (SLV

) suggests that the story could be changing. Active traders are closely watching this chart because a break beyond the dotted trendline would be a technical sign of a trend reversal, and the bullish crossover between the MACD and its signal line suggests that this could be the attempt that they’ve been waiting for. The upcoming sessions will prove to be critical because several consecutive closes above will likely act as a catalyst for the other precious metals to head higher. (For more information, see: Now Is The Time To Buy Gold And Silver)Technical chart showing the performance of the iShares Silver Trust (SLV)

Bottom Line

Market volatility and cross-market sell-offs have many investors concerned that there are few good places to allocate their capital. While price metals have experienced sell-offs over the past few sessions, the pullbacks are creating lucrative risk-to-reward ratios that suggest the group of precious metals is one of the few segments to watch and could be poised for a significant move higher. (For more, see: 3 Positive Long-Term Charts for Precious Metals.)

Charts courtesy of StockCharts.com. At the time of writing, Casey Murphy did not own a position in any of the assets mentioned.

Read more: When in Doubt, Buy Precious Metals | Investopedia https://www.investopedia.com/news/when-doubt-buy-precious-metals/#ixzz5DcoLTS2M
Follow us: Investopedia on Facebook

Heightened levels of market volatility in recent months have triggered a flood of uncertainty among fundamental investors and active traders alike. Globally, there is rising interest in hedging against sharp sell-offs, and many are turning to hard commodities such as precious metals. In this article, we take a look at several charts of interest and try to determine how followers of technical analysis will be positioning themselves over the weeks and months ahead. (For more, see: Traders Turn to Precious Metals Among Volatility.)

ETFS Physical Precious Metals Basket Shares (GLTR

GLTR
ETFS Prcus Mtls Trust Units
64.97
+0.44%

)

The recent market-wide pullbacks have led some traders to believe that the selling pressure in some of the precious metals will continue well into the summer. By taking a look at the chart of the ETFS Physical Precious Metals Basket Shares, you can see that the price seems to have reacted to a nearby level of resistance and has started to retrace toward the major support of its 200-day moving average (red line). This is common behavior and shouldn’t really come as a surprise to experienced traders. In fact, traders may want to look at the retracement as a buying opportunity because a bounce higher, followed by a break beyond the upper resistance, could force some to readjust their targets to $69.50, which is equal to the upper resistance plus the height of the pattern. The well-defined risk-to-reward ratios make this a segment to watch, and we’ll take a closer look at the a few components to see exactly how traders are trading the move. (For more, see: Precious Metals Pullback Suggests It Is Time to Buy.)

Technical chart showing the performance of the ETFS Physical Precious Metals Basket Shares (GLTR)

Gold

So far in 2018, pullbacks toward the support of the 50-day moving average or short-term trendlines have consistently provided traders with lucrative risk/reward scenarios, as shown by the chart of the SPDR gold Shares (GLD

). The recent pullback toward the support of the 200-day moving average could be viewed by many as a prime buying opportunity, and recent market volatility could be a catalyst that will drive prices higher over the short term. Active traders will watch for a bounce toward resistance and for a subsequent breakout, which would likely lead to target prices of $132 or more. (For more, see: 3 Charts That Suggest It’s Time to Buy Gold.)Technical chart showing the performance of the SPDR gold Shares (GLD)

[Learn more about using moving averages to develop your trading strategy in Chapter 2 of the Technical Analysis course on the Investopedia Academy]

Silver

Silver prices traditionally lag gold or other precious metals such as platinum. However, the recent jump toward the dotted trendline on the chart of the iShares Silver Trust (SLV

) suggests that the story could be changing. Active traders are closely watching this chart because a break beyond the dotted trendline would be a technical sign of a trend reversal, and the bullish crossover between the MACD and its signal line suggests that this could be the attempt that they’ve been waiting for. The upcoming sessions will prove to be critical because several consecutive closes above will likely act as a catalyst for the other precious metals to head higher. (For more information, see: Now Is The Time To Buy Gold And Silver)Technical chart showing the performance of the iShares Silver Trust (SLV)

Bottom Line

Market volatility and cross-market sell-offs have many investors concerned that there are few good places to allocate their capital. While price metals have experienced sell-offs over the past few sessions, the pullbacks are creating lucrative risk-to-reward ratios that suggest the group of precious metals is one of the few segments to watch and could be poised for a significant move higher. (For more, see: 3 Positive Long-Term Charts for Precious Metals.)

Charts courtesy of StockCharts.com. At the time of writing, Casey Murphy did not own a position in any of the assets mentioned.

Read more: When in Doubt, Buy Precious Metals | Investopedia https://www.investopedia.com/news/when-doubt-buy-precious-metals/#ixzz5DcoLTS2M
Follow us: Investopedia on Facebook

Heightened levels of market volatility in recent months have triggered a flood of uncertainty among fundamental investors and active traders alike. Globally, there is rising interest in hedging against sharp sell-offs, and many are turning to hard commodities such as precious metals. In this article, we take a look at several charts of interest and try to determine how followers of technical analysis will be positioning themselves over the weeks and months ahead. (For more, see: Traders Turn to Precious Metals Among Volatility.)

ETFS Physical Precious Metals Basket Shares (GLTR

GLTR
ETFS Prcus Mtls Trust Units
64.97
+0.44%

)

The recent market-wide pullbacks have led some traders to believe that the selling pressure in some of the precious metals will continue well into the summer. By taking a look at the chart of the ETFS Physical Precious Metals Basket Shares, you can see that the price seems to have reacted to a nearby level of resistance and has started to retrace toward the major support of its 200-day moving average (red line). This is common behavior and shouldn’t really come as a surprise to experienced traders. In fact, traders may want to look at the retracement as a buying opportunity because a bounce higher, followed by a break beyond the upper resistance, could force some to readjust their targets to $69.50, which is equal to the upper resistance plus the height of the pattern. The well-defined risk-to-reward ratios make this a segment to watch, and we’ll take a closer look at the a few components to see exactly how traders are trading the move. (For more, see: Precious Metals Pullback Suggests It Is Time to Buy.)

Technical chart showing the performance of the ETFS Physical Precious Metals Basket Shares (GLTR)

Gold

So far in 2018, pullbacks toward the support of the 50-day moving average or short-term trendlines have consistently provided traders with lucrative risk/reward scenarios, as shown by the chart of the SPDR gold Shares (GLD

). The recent pullback toward the support of the 200-day moving average could be viewed by many as a prime buying opportunity, and recent market volatility could be a catalyst that will drive prices higher over the short term. Active traders will watch for a bounce toward resistance and for a subsequent breakout, which would likely lead to target prices of $132 or more. (For more, see: 3 Charts That Suggest It’s Time to Buy Gold.)Technical chart showing the performance of the SPDR gold Shares (GLD)

[Learn more about using moving averages to develop your trading strategy in Chapter 2 of the Technical Analysis course on the Investopedia Academy]

Silver

Silver prices traditionally lag gold or other precious metals such as platinum. However, the recent jump toward the dotted trendline on the chart of the iShares Silver Trust (SLV

) suggests that the story could be changing. Active traders are closely watching this chart because a break beyond the dotted trendline would be a technical sign of a trend reversal, and the bullish crossover between the MACD and its signal line suggests that this could be the attempt that they’ve been waiting for. The upcoming sessions will prove to be critical because several consecutive closes above will likely act as a catalyst for the other precious metals to head higher. (For more information, see: Now Is The Time To Buy Gold And Silver)Technical chart showing the performance of the iShares Silver Trust (SLV)

Bottom Line

Market volatility and cross-market sell-offs have many investors concerned that there are few good places to allocate their capital. While price metals have experienced sell-offs over the past few sessions, the pullbacks are creating lucrative risk-to-reward ratios that suggest the group of precious metals is one of the few segments to watch and could be poised for a significant move higher. (For more, see: 3 Positive Long-Term Charts for Precious Metals.)

Charts courtesy of StockCharts.com. At the time of writing, Casey Murphy did not own a position in any of the assets mentioned.

Read more: When in Doubt, Buy Precious Metals | Investopedia https://www.investopedia.com/news/when-doubt-buy-precious-metals/#ixzz5DcoLTS2M
Follow us: Investopedia on Facebook

via When in Doubt, Buy Precious Metals | Investopedia

Your smartphone is a mine of precious metals and elements

Tags

, , ,

smartphones-galaxy-great-black

photo courtesy of samsung.com

Take a good look at your smartphone. From the display and metal casing to the circuit boards that power the device, your phone is a mine of precious metals.

The average smartphone contains small amounts of gold, silver, platinum and palladium. But mining these metals from ore can be arduous; it takes a tonne of ore to get 1g of gold. Stripping them from existing mobile phones is not easy but can yield a surprising amount of material.

Copper and aluminium, typically lower value than precious metals, can also be found in your smartphone, in the casing or the circuit board.

There is more than just precious metals in your smartphone. Rare earth elements can be found in everything from the glass display to magnets in speakers. Despite the name, rare earth elements aren’t actually that scarce; they can be found in the earth’s crust but are difficult to mine. Such elements can include yttrium and gadolinium in the display; neodymium which is often used in headphones or speakers and microphones; lanthanum to make the tiny lens in the camera that much better; and praseodymium, also for headphones.

Lithium triangle

Then you have to look at the battery that powers it. Smartphones predominantly have lithium ion batteries, which require lithium. Extracted from salt lakes, much of it comes from the so-called “lithium triangle” that includes BoliviaChile and Argentina.

Cobalt is also used in smartphone batteries. Around half the world’s cobalt comes from the Democratic Republic of Congo in central Africa. It’s essential for lithium-ion batteries, but there are ethical considerations. There is a link between cobalt mining and child labour, and the region is plagued by corruption and conflict.

A considerable amount of the cobalt – about one fifth – in the region is extracted by artisanal miners, who work by hand. The work is hazardous and can have health implications, from lung conditions and breathing issues caused by the dust to a link to premature births and birth defects in miners’ families.

Read more via Your smartphone is a mine of precious metals and elements

PRECIOUS-Gold on track for second weekly gain as Syria concerns linger

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Weighing in on the precious metal market

By Renita D. Young and Zandi Shabalala
NEW YORK/LONDON, April 13 (Reuters) – Gold prices rose on
Friday, heading for a second consecutive weekly gain on
lingering uncertainty over Western military action in Syria.
U.S. President Donald Trump and his national security aides
on Thursday discussed options on Syria, where he has threatened
missile strikes in response to a suspected poison gas attack, as
a Russian envoy voiced fears of wider conflict between
Washington and Moscow.
Trump, however, cast doubt over the timing of his threatened
strike, tweeting that a U.S. attack “could be very soon or not
so soon at all”.
Spot gold increased 0.7 percent at $1,344.40 per
ounce by 1:38 p.m. EDT (1738 GMT), set for a weekly gain of
nearly 1 percent. U.S. gold futures for June delivery
settled up $6, or 0.5 percent, at $1,347.90.
Gold is often used as a store of value in times of political
and economic uncertainty.
“Donald Trump back-pedaled a bit in his morning tweet
yesterday, but the danger is still there that the situation
could escalate with Russia due to a military attack on Syria,”
Quantitative Commodity Research consultant Peter Fertig said.
“We are back at a cold war, which easily could turn into a
hot war if someone loses their nerve – and in such a situation,
gold is a haven.”

Read more via PRECIOUS-Gold on track for second weekly gain as Syria concerns linger

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

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Photo courtesy of colourbox.com

(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.

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

Will Gold Keep Reacting to US-China Trade War Jitters? – Market Realist

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Gold Bars

Will Gold Keep Reacting to US-China Trade War Jitters?

Trade war jitters?

Among the four precious metals that we’ll be discussing in this series, only gold saw gains on Wednesday, April 4. Gold prices for April futures were up 0.23% and closed at $1,335.8 an ounce. Silver was down 0.84% to close at $16.2. Platinum was down 1.4% and was the biggest loser among the four precious metals. It ended the day at $912.1 an ounce. Palladium was also lower by 1.1% and closed at $918.9 per ounce.

The rise in gold was most likely due to the ongoing unrest in the markets due to the US and China trade war. China said that it would impose additional tariffs on $50 billion worth of US imports. The tariffs would include products ranging from cars, chemicals, tobacco, and whiskey. This made markets jittery, which led the US dollar to fall and pushed gold higher. The sentiment didn’t provide a substantial impact on the other three precious metals.

Gold price versus Volatility Index 2018-03-26

 Correlated moves

The above chart compares the performance of gold to the volatility index (or VIX). It is a barometer for overall uncertainty in the market. The higher chances that we could see weak markets led to a rise in this index.

We have seen that gold has a strong relationship with market unrest (VIXY) (VXZ). The higher the tensions in the market, the higher the demand for gold. As gold is famous as a safety asset, investors often jump to this reserve-for-safety. Though the short-term relationship between gold (IAU) and VIX can diverge in a more extended run, we can expect the two to track each other.

Some of the mining companies that also increased on Wednesday with gold include Cia De Minas Buenaventura (BVN), Eldorado Gold (EGO), Alacer Gold (ASR), and Coeur Mining (CDE). They were up 2.4%, 2.5%, 1.5%, and 2.3%, respectively.

via Is Gold Still Taking Cues from Downturn in Equities? – Market Realist