Zaner Precious Metals Report

Tuesday, June 25, 2019 3:35:29 PM America/Chicago

In addition to further geopolitical developments between the US and Iran (in the form of a supreme leader response) the gold market is also benefiting from renewed US/Chinese trade tensions following a statement from the Chinese suggesting they are being bullied and they are also the victim of current trade restrictions.

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Zaner Precious Metals Report

Monday, June 24, 2019 8:16:22 AM America/Chicago

The gold market is certainly lifted by ongoing weakness in the dollar which plumbed a new low and fell down to the lowest level since March 26th early today. Gold is being assisted by fresh bullish forecasts for gold from Black Rock fund managers who pointing to the potential longer-term support for gold from a dovish Fed.

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Zaner Precious Metals Report

Friday, June 21, 2019 10:34:29 AM America/Chicago

While a long list of bullish factors remain in place and the charts in gold are projecting even higher prices ahead, the magnitude and quick nature of the rally yesterday gives some pause to those thinking about "chasing the market with buys".

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Zaner Precious Metals Report

Wednesday, June 19, 2019 7:21:31 AM America/Chicago

All things considered, the performance in gold prices yesterday was pretty impressive as the market managed to spend almost the entire trade in positive territory, it maintained positive traction in the face of negative outside market influences like a stronger dollar and most importantly it held gains in the face of a noted downshift in geopolitical tensions.

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Zaner Precious Metals Report

Tuesday, June 18, 2019 9:36:04 AM America/Chicago

The gold market is apparently garnering fresh psychological support from bullish views toward gold flowing from a number of notable Wall Street icons. Some of these notable financial market professionals have indicated gold is attractive because of the prospect of a significant expansion of the US deficit in the face of recession, while others cited the unrelenting tariff war.

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Zaner Precious Metals Report

Monday, June 17, 2019 12:23:52 PM America/Chicago

The gold market starts the new trading week out on a negative technical footing following a damaging reversal last Friday. In our opinion the market is suffering from a temporary lull in key geopolitical headline flow with some traders suggesting expectations for easing from this week's FOMC meeting are overstated in the wake of last week strong US retail sales result.

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Zaner Precious Metals Report

Friday, June 7, 2019 11:44:06 AM America/Chicago

While the gold market does not have as large of a slate of different bullish themes as was seen at the beginning of the week several bull themes remain, most importantly the prospect of economic uncertainty and that issue will be focused on this morning following the payroll report.

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Zaner Precious Metals Report

Wednesday, June 5, 2019 10:36:18 AM America/Chicago

The gold market has flared sharply higher to start this morning and it has managed that rally without the typical forces of anxiety from equities and the economy and also without significant weakness in the dollar!

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Zaner Precious Metals Report

Monday, June 3, 2019 8:49:13 AM America/Chicago

Obviously the growing list of geopolitical safe haven issues have created a favorable environment for gold, but a certain amount of direction for gold will be determined by the action in equities. In other words, the need for safe haven in the presence of anxiety will be signaled by the equity markets which finished the month of May with massive declines on the month.

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Zaner Precious Metals Report

Friday, May 31, 2019 10:38:15 AM America/Chicago

Apparently gold is back in vogue and we suspect that is partially the result of an ever expanding list of geopolitical flashpoints. In addition to escalating US/Russian tensions (regarding nuclear testing activities & election tampering) the markets are also presented with fresh tensions in North America between the US and Mexico following the announcement of US tariffs on Mexican goods until Mexico moves to stem the flow migrants across the southern US border.

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