Nov 2023
StoneX Bullion round-up Monday 6th November 2023
Gold has insufficient support to clear $2,000 for now at least “Gold was overbought at $2,000 and has enjoyed a much-needed period of consolidationThe current range is clearly the comfort zoneWhile other asset classes were volatile towards the end of last week, gold was resoundingly stable – which is one of its primary characteristicsWhile gold’s... Read more
Oct 2023
StoneX Bullion round-up Monday 30th October 2023
Conditions are tempting for gold, and especially for by-product silver producers, to lock in forward pricesLast week this was our immediate outlook; “Gold overbought at $2,000 and needs to correct, but the medium-term range should remain unchanged with support at $1,900while the upside is probably favoured in the medium-termpolitical tension affect... Read more
Oct 2023
Weekly Precious Metal Roundup
Welcome to our newly re-branded entity,”StoneX Bullion”, which replaced the previous “CoinInvest” brand and went live in July. This ties in with our very successful US franchise and thus gives a seamless global product brand within the precious metals markets. Gold is overbought above $1,900 and due a correction, but the change in range is sustain... Read more
Feb 2023
StoneX Bullion round-up Monday 13th February 2023
Gold and silver consolidating after retreat More “restrictive” comments from Federal Open Market Committee (FOMC) members Rather than buying on dips, gold is now running into selling into any short-term rally. This is partly self-fulfilling as the technical constructions have become increasingly negative, with the 10-day moving average cross... Read more
Feb 2023
StoneX Bullion round-up Monday 6th February 2023
Strong U.S. labour figures throw gold into reverse. Once again it was all eyes on the United States in the gold and silver markets last week. The Federal Open Market Committee (FOMC) meeting concluded on Wednesday with a 25-point hike in the fed funds target rate, to 4.50-4.75%. This was much as expected, but what did take the markets by surpri... Read more
Jan 2023
StoneX Bullion round-up Monday 30th January 2023
Gold consolidating in new range; downward pressure on US inflation levels is fading. Gold has continued its period of price consolidation over the past week and has essentially been trading sideways in a range between $1,908 and $1,946 (intraday). While still in its uptrend, it is now dicing with the 10-day moving average and if it were to brea... Read more
Jan 2023
StoneX Bullion round-up Monday 23th January 2023
Gold consolidating in new range; downward pressure on US inflation levels is fading After a 20% gain in dollar terms from the start of November through to last Monday 16th January, gold is now taking a much-needed period of consolidation, trading between $1,900 and $1,930. Despite being technically overbought for most of January, prices have he... Read more
Jan 2023
StoneX Bullion round-up Monday 16th January 2023
Gold pushes through $1,900 after the Golden Cross Gold, Silver, and the Ratio Last week we wrote as follows: - “It feels to us as if there has been some substantial pre-positioning by professional investors, possibly with a view to the U.S.’ rate cycle peaking this year (which may or may not happen – the bond market is still more beni... Read more
Jan 2023
StoneX Bullion round-up Monday 9th January 2023
Wishing all our readers a very Happy, safe, and prosperous New Year Happy New Year! Since our most recent note, before Christmas, gold has moved up a gear and silver appear to be consolidating in its new higher range, which it established in the first half of December. As we write gold is assaulting $1,875, a seven-month high, while silver is t... Read more
Aug 2021
Should I Invest in precious metals or cryptocurrency?
Introduction After the economic uncertainty that came with the Covid-19 Pandemic, people are considering different ways to invest their hard-earned money. Precious metals and cryptocurrency are two alternatives that are gaining popularity since they are both distinct and profitable in their own right. Investors of all levels are still arguing whet... Read more