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Dec 12, 2023 | 
marketoracle.co.uk | Alex Demolitor
Commodities / Gold & Silver 2023 While the yellow metal hit a new record high, the silver price remains below its post-pandemic peak.
Recession Risks Loom Over Silver
While gold has dominated the headlines recently, silver and mining stocks have been material underperformers. And with the latter better barometers of investors’ enthusiasm, their relative weakness should concern the permabulls.
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Dec 11, 2023 | 
investing.com | Phil Flynn |Alex Demolitor
just achieved a new nominal record close, its first in several years. This pivotal technical milestone is super-bullish, unleashing widespread interest in this leading alternative sector. Traders love chasing upside momentum, and the financial media’s enthusiastic coverage of new records returns gold to their radars. The last time gold forged into record territory, this self-feeding-buying dynamic fueled a monster upleg. Fortunes can change fast in the markets.
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Dec 8, 2023 | 
investing.com | Alex Demolitor |Jordan Roy-Byrne
Even a dead cat can bounce occasionally, with apologies to cat lovers. After an almost record-breaking string of 7 weekly losses, prices are trying to find support ahead of the monthly jobs report and the fact that the oil fundamentals are not so bearish.
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Dec 8, 2023 | 
fxempire.com | Alex Demolitor
Uh-Oh CanadaThe Bank of Canada (BoC) held its overnight lending rate steady on Dec. 6, as higher long-term interest rates have materially impacted the Canadian economy. The statement read:“In Canada, economic growth stalled through the middle quarters of 2023. Real GDP contracted at a rate of 1.1% in the third quarter, following growth of 1.4% in the second quarter.
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Dec 8, 2023 | 
advisorpedia.com | Alex Demolitor
While the yellow metal hit a new record high, the silver price remains below its post-pandemic peak.
While gold has dominated the headlines recently, silver and mining stocks have been material underperformers. And with the latter better barometers of investors’ enthusiasm, their relative weakness should concern the permabulls.
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Dec 5, 2023 | 
investing.com | Timothy Fries |Alex Demolitor
We have had a nice ride off the bottom in gold and silver which I suggested was close in September and alluded to in my August article. This was my first article since April of 2020 where I simply gave my book away for free as I felt that is all one needs to understand the buying and selling of and , as well as what happens next for the precious metals.
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Dec 4, 2023 | 
investing.com | Alex Demolitor |Phil Flynn
By Blake Morrow CommoditiesDec 04, 2023 02:14PM ETLast week we had as our chart of the day and it ended up surpassing all expectations past the 161% extension above the 2060 level and even to new all-time highs. However, that rally was short-lived after the opening as all shortstops have been done (executed). Now, the risk is the market has completed an Ab=CD equal leg move and the risk is a close below the 2000 level "late longs" stops may come into view lower.
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Dec 4, 2023 | 
investing.com | Alex Demolitor |Alexander Kuptsikevich
has had another wild ride rallying up on geopolitical risk fears but falling back down because of fears surrounding the Chinese economy and record US production. Attacks oh ships in the Red Sea and Israel widening its Gaza ground offensive move oil higher. It seems the market that oil trade moves from one panic attack to another, but the bears seem to have an edge in the fear game.
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Dec 4, 2023 | 
investing.com | Alex Demolitor
On Friday and Monday, we saw legendary moves in gold. On Friday evening, the price rose to $2075 on the background of risk appetite with reduced liquidity in the instrument. On Monday, the price of gold reached $2145, a new historical price maximum. The nature of the movement on Friday and Monday morning suggests that we have seen the bears in gold wash out of the market. As liquidity returned, the price pulled back to $2060. This is still extreme territory, as the price only spent a few hours above.
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Dec 4, 2023 | 
investing.com | Alex Demolitor |Jordan Roy-Byrne
By XM Group (Trading Point )CommoditiesDec 04, 2023 05:38AM ETGold posts a fresh all-time peak of 2,142 on MondayBut fails to hold onto its gains, falling back below April highMomentum indicators point at an overstretched advanceGold has been in a steep uptrend since November 10, when the price bounced off the crucial 200-day simple moving average (SMA).
