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21 June 2021
21:37 hour

Dollar, Gold, And Silver Update

INO.com

24/05/2021 - 16:51

The U.S. dollar index (DXY) did not make a significant pullback despite my expectations posted earlier this month. The minor bounce was short-lived as the price quickly reversed all gains and updated the low after that. The downtrend is so strong that DXY could fit within a very narrow orange channel. However, I think we […] The post Dollar, Gold, And Silver Update appeared first on INO.com Trader's Blog.


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  22. Question about inflation and silver (04/05/2021 - Reddit Stocks)
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  24. So the dollar boosted out of its wedge. (04/06/2021 - Reddit Stocks)
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  26. Gold prices fall yet again, off over Rs 11,600 from all-time highs; check MCX gold support resistance (26/03/2021 - Financial Express)
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  29. Gold prices fall more than Rs 8,000 from record highs; where is gold headed? Should you buy? (10/02/2021 - Financial Express)
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  30. Weekend Update - Stock Watchlist and Silver Analysis (20/02/2021 - Reddit Stock Market)
    Options expiration week has left the market with bullish hope Friday, but many downtrends still firmly in place. Many momentum stocks from 2020 are in the middle of significant corrections that showed bullish signs Friday, but are likely to be bounces on traders buying the dip on the decline. Stocks like TSLA, PLUG, PTON, WKHS and MSTR need to show strength and break out of their recent down trends. For the general indices to continue higher, mega-cap tech and semiconductors need to lead and break out higher. Many have corrected for months. Strength in these stocks will lead the next bull-market phase. I'm watching stocks like AMZN, AAPL, MSFT, GOOG and NVDA to lead the breakout of the Nasdaq above 14,000. Silver attacked in the pre and post market and continues to be capped during daily action. I expected platinum to lead gold and silver higher, but they haven't followed. If they don't come out of options expiration week strong, they are likely to correct further before their next meaningful move higher. Lots of recent buyers will get frustrates nd give in to the downward pressure in search of gains elsewhere. For my full analysis please see my weekend update post here: https://relativestrengthpro.com/weekend-update-stock-watchlist-and-silver-analysis/   submitted by   /u/RelativeStrengthPro [link]   [comments]
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  31. Gold Price Today, 10 June, 2021: Gold, silver prices fall on MCX; US CPI, ECB’s monetary policy in focus (10/06/2021 - Financial Express)
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  32. Gold Price Today, 11 June 2021: MCX gold gains as global rates hover near $1900/oz; silver reclaims Rs 72,000 (11/06/2021 - Financial Express)
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  33. Can The Silver Bugs Alter The Macro? (08/02/2021 - INO.com)
    As to the post’s title, they sure are trying. Despite doubts that the stodgy old likes of me may have. But for two days at least dem bugz is successfully battlin’ dem boyz on da COMEX. The result is that the Silver/Gold ratio (weekly futures chart) has been rammed to a new high for the […] The post Can The Silver Bugs Alter The Macro? appeared first on INO.com Trader's Blog.
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  34. Metals Stocks: Gold prices reclaim perch at $1,700 as yields pull back, dollar softens (09/03/2021 - Market Watch)
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  35. Invest in silver!! (08/04/2021 - Reddit Stock Market)
    If you’re questioning my credibility, all I can tell you is I know people.... You’d need a big explanation to do make this decision but I’m just going to summarize this quickly... Silver is undervalued x100 Why? Huge global bank Ponzi scheme If you remember the 2008 housing incident with the banks it’s very similar to that. The Ponzi scheme is reaching the end of its cycle probably within the next 10 months meaning silver will absolutely explode. (And gold) The banks are trading tons of silver they don’t have with just paper receipts... so if you invest don’t buy the stock because the stock represents tangible silver. But the tangible silver doesn’t actually exist, meaning the stock won’t redeem itself. You need physical silver. Just look at J.P. Morgan. They are hoarding all the silver right now because they are aware of what’s going to come. Netherlands already started paying off people with cash because they can’t give them back their silver an entire year ago. Research bank holiday.... the banks are going to try to cover up what’s happening behind the scenes. If too many people demand they’re silver from the banks at once, the banks will be completely exposed. And if they’re never caught for their Ponzi scheme, at least you prepared for it in case it happened. Think of it as money insurance. We know it’s there so bet on it happening because it will pay off immensely. I recommend getting Canadian maple leaf silver coins because they don’t have the terrible American certification. Be wise with this information. Q   submitted by   /u/griffinhay24 [link]   [comments]
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  36. Metals Stocks: Gold hangs around 9-month low as dollar heads for weekly climb (04/03/2021 - Market Watch)
    Gold futures trade lower Thursday with bullion near its lowest in nearly nine months, amid a weekly rise in the U.S. dollar and U.S. Treasury yields holding near their highest levels in a about a year.
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  37. Metals Stocks: Gold prices tumble 2% as 10-year Treasury surges above 1.75% and dollar rises (30/03/2021 - Market Watch)
    Gold futures are hit Tuesday by rising bond yields and a rising U.S. dollar as coronavirus vaccine rollouts lift expectations for higher inflation as economies recover, particularly in the U.S.
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  38. Metals Stocks: Gold prices extend climb to highest level since February as dollar sinks to 2 1/2-month low (10/05/2021 - Market Watch)
    Gold prices add to gains Monday, supported by a weakening of the U.S. dollar to around a 2 1/2-month low.
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  39. Metals Stocks: Gold prices aim for third straight rise as bond yield and dollar’s gains cool (11/03/2021 - Market Watch)
    Futures contracts for gold on Thursday head higher for a third straight session, helped by an abatement in the recent recovery of the U.S. dollar and a retrenchment in yields for government debt.
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  40. Metals Stocks: Gold edges lower as dollar bounces (11/06/2021 - Market Watch)
    Gold futures edge lower Friday, losing ground as the U.S. dollar edges higher.
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  41. Metals Stocks: Gold edges lower as dollar bounces (11/06/2021 - Market Watch)
    Gold futures edge lower Friday, losing ground as the U.S. dollar edges higher.
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  42. Metals Stocks: Gold extends climb to highest level since February as dollar sinks to 2 1/2-month low (10/05/2021 - Market Watch)
    Gold prices climb on Monday, headed for a fourth consecutive gain, supported by a weakening of the U.S. dollar to around a 2 1/2-month low.
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  43. Metals Stocks: Gold prices pull back as dollar and yields rise to end the week (09/04/2021 - Market Watch)
    Gold futures on Friday retreat a day after the biggest daily gain of the month, weighed by a rise in bond yields and a strengthening dollar.
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  44. Metals Stocks: Gold prices pull back as dollar and yields rise to end the week (09/04/2021 - Market Watch)
    Gold futures on Friday retreat a day after the biggest daily gain of the month, weighed by a rise in bond yields and a strengthening dollar.
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  45. Big picture - tech stocks, silver, gold, oil & bitcoin (13/03/2021 - Reddit Stock Market)
    Tech stocks I’ve been back and fourth constantly this year on the next direction in stocks. This isn’t normal for me, it’s a product of the conditions that are at hand. Prices are elevated on fed support. Natural forces are trying to correct, but are unable to make real progress. We've seen a good correction in tech and momentum stocks in the last few weeks, but other indexes continue to push higher. Until their is a broad correction or consolidation I will continue to day trade as I am too cautious about holding anything long-term. If we see a breakout in tech, that will confirm the bubble and I will buy the breakout and hold. Dollar The dollar needs to continue its bounce higher before its next move down too. Bearish bets on the dollar reached extremes and time or a large spike higher is needed to gear up for another move lower. A move to new highs on the EUR/USD will signal another phase of appreciation in stocks and metals. I don't expect that to happen immediately. As long as the dollar is rising I'm happy to be in cash waiting for the right opportunity. Silver Silver remains stuck in a range. After the silver squeeze didn’t force a breakout above $30 it was clear that controlling forces weren’t going to allow it to take off immediately. I still believe a move higher is coming, but more correction and sentiment wash-out is needed before that happens. I’m keeping an eye on some of the new PSLV pumpers to see when their focus shifts. Once many of them give up silver will be ready to take off. Gold, gold miners, and platinum Gold is still much worse off than silver. It’s been in a downtrend since August and has been forcefully rejected on two big breakout attempts. It typically dominates the metals market and others are pulled in its direction. Like silver, it is being held down. A tell-tale sign is to watch miner price activity along with the price of gold. Miners are more volatile than gold when it moves up or down and can often front-run the next direction in gold. I’m watching price action in GDX, GDXJ, leveraged versions of those securities, and some other individual miners to possibly telegraph the start of the next move. Breakouts in miners could signal the buying opportunity. I also watch platinum for similar cues. Like tech stocks, it has been weaker than I would like on this bounce. It and other metals have to correct, consolidate, or show a forceful move higher on volume before I’m interested. I’m ok with missing the initial move to break out in all metals. If they suddenly jump, there will be plenty my if room to run higher in a short amount of time. I will be ready to buy, even if it seems like I've "missed the move". Oil Oil continues to be in the late stage of a bull run. It’s hard to stay on the sidelines and focus on other things when other traders seem to be making easy money. I made plenty in oil. I bought OIH in November when oil was at 45, and held to 60. Trying to capture another 10% or so from here isn't worth it for me. As a general rule, when price appreciates too fast, I see too much risk of a sudden move down. These moves can erase weeks of gains in days and traders keep buying thinking it’s just another dip. I like to wait until technicals cycle back down before buying. It means I miss out on some big final moves higher, but those moves are often unpredictable and can reverse at any moment. Calling a top isn’t possible so I prefer to decide when I’ve made “enough” and focus in other areas. Follow your plan, RSP   submitted by   /u/RelativeStrengthPro [link]   [comments]
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  46. Gold prices trade weak, down 17% from record high; may touch Rs 48,500 in coming days (09/04/2021 - Financial Express)
    Gold and silver prices fell in Indian markets on Friday, amid weak global cues. Gold June futures were ruling at Rs 46,759 per 10 gram, down Rs 79 or 0.17 per cent.
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  47. Gold price today, 12 May 2021: Yellow metal price falls on rise in US treasury yields, stronger dollar (12/05/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 12 May 2021: Gold prices were trading lower in India on Wednesday, taking cues from international rates as a rise in US Treasury yields and a strong dollar dented the metal's safe-haven appeal.
    [visit article]
  48. Gold Price Today, 17 June 2021, tanks to one-month low post US FOMC outcome; MCX silver below Rs 71,000 (17/06/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 17 June 2021: Gold prices in Indian on Thursday plunged to a one-month low, following an overnight crash in international markets.
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  49. Gold, silver prices traded flat last week as economic data improved; rates may hold steady this week (26/04/2021 - Financial Express)
    Expect gold prices to trade sideways to up in coming week with COMEX spot gold resistance at $1800 per ounce.
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