Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.modestly up near midday Thursday.
The key outside markets today see the U.S. dollar index firmer. Nymex crude oil prices are up and trading around $79.25 a barrel. The yield on the benchmark 10-year U.S. Treasury note is fetching around 4.4%. July N.Y. copper closed down 590 points at 486.55 cents today. Prices closed nearer the session low and saw profit taking after hitting a record high of 512.80 cents on Wednesday. The copper bulls have the solid overall near-term technical advantage. Prices are in a three-month-old uptrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at this week’s high of 512.80 cents.
Follow Jim daily on Kitco.com as he provides both AM and PM roundups and a daily Technical Special. 1 877 963-NEWS jwyckoff at kitco.comThe views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only.
Bitcoin has established a solid base of support at $66,000 in early trading on Thursday as Morgan Stanley reveals $250 million in exposure to BTC ETFs. -The gold market is struggling to attract new bullish momentum even as the U.S. housing market struggles to stabilize and weak construction activity continues to threaten economic growth.
Source: Financial Digest (financialdigest.net)
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