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EventsTrader replied Jun 12, 2019Gold's reaction to the CPI data was pretty similar to May and March. Not much of a trading opportunity this morning. image
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jun 11, 2019
Welcome aboard! I checked AxiTrader demo and it's another good one. Might be the best so far. Gold and silver crossed with a bunch of currencies, platinum, and copper. No sign up demos. $10k balance option.
Metal Competition Zone (Demo)
- EventsTrader replied Jun 11, 2019
Nice call. I don't think Gold is ready to retrace yet either. As long as the trade disputes continue, the price of gold will see some upward pressure due to all the uncertainty. Let's not forget about Brexit. In the shorter term, look out for any ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jun 11, 2019
Great info Ric! Thanks for the insights. It doesn't bode well for South Africa if demand drops. They produce 70% of the world's newly mined platinum.
Metals Mash Up
- EventsTrader commented Jun 11, 2019
China accounts for about half of global demand in copper. Industry (mining, manufacturing, construction, power) accounts for roughly 40% of the China's GDP. Industrial output will continue to be monitored closely for signs of slowing growth. China's ...
More Chinese data to direct on growth this week
- EventsTrader replied Jun 11, 2019
US CPI Preview - June I will analyze and possibly identify trading opportunities in Gold. In about 11 hours, the BLS will release the latest US inflation data: CPI m/m Core CPI m/m Data expectations CPI is expected to drop from 0.3% previous to ...
High Impact Events Trading... Gold & Copper
- EventsTrader commented Jun 11, 2019
CME FedWatch Tool is what I use to gauge what the market is pricing in. They show as far out as April 2020. The probability is most likely for 75 basis points lower between now and then. It's tough to imagine the Fed going into a tightening cycle so ...
Traders Have Already Started Pricing In Rate Hikes In Late 2020
- EventsTrader replied Jun 11, 2019
UPDATE: AxiTrader might be just as good if not better than FXCM for a MM contest demo. In addition to all that FXCM has to offer, you can trade more crosses against gold and silver. For next week, FXCM is the broker I'm moving my demo to. Here's ...
Metal Competition Zone (Demo)
- EventsTrader replied Jun 11, 2019
The bunt might be the most strategic play in baseball! Good job sir.
Metal Competition Zone (Demo)
- EventsTrader commented Jun 11, 2019
Interesting info as it relates to North American trade relations and gold. Towards the end of the article:
Gold Exports by the U.S. Recorded Substantial Decline
- EventsTrader commented Jun 11, 2019
Gold might not be the best hedge against hyperinflation, but it's still where money will continue to flow in times of crisis. As far as I know, the main argument against gold during hyperinflation is having to pay taxes on hyperinflated paper gains. ...
Gold Tells a Shocking Story in Venezuelan Currency Terms
- EventsTrader replied Jun 11, 2019
Here's two great reads. Contrarian views too. Both from Reuters: Chinese stimulus hopes support copper The big copper short is back as macro fears return While a lot will depend on what kind of stimulus comes out of China, copper is looking like ...
Copper for everyone
- EventsTrader commented Jun 11, 2019
Since the start of June, yields at the short end of the curve have been falling, while yields at the long end have ticked up. We aren't out of the woods by any means, but the jury is still out. Will the recent rally in gold continue. (source) image
The inverted yield curve
- EventsTrader replied Jun 11, 2019
Thanks Goat! I'm enjoying your Gold RIGHT NOW thread. It's nice to have a new buddy in my network to navigate these markets with. Traders unite!
Metals Mash Up
- EventsTrader commented Jun 11, 2019
This article is making copper sound bearish. Below are excerpts I found most interesting, most important.
The big copper short is back as macro fears return
- EventsTrader replied Jun 11, 2019
Right now, gold looks like it's starting to strengthen. It could be due to some weakness coming into the US dollar. I'm still being cautious as it hasn't really taken a direction this week. US CPI and US Retail Sales could present some nice trading ...
Gold RIGHT NOW