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.prices are firmer in midday U.S. trading Tuesday.
The key outside markets today see the U.S. dollar index weaker after hitting a multi-month high Monday. Nymex crude oil prices are firmer and trading around $73.50 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently fetching 4.108%. March N.Y. copper closed up 140 points at 378.55 cents today. Prices closed nearer the session high today. The copper bulls and bears are on a level overall near-term technical playing field. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the December high of 397.40 cents. The next downside price objective for the bears is closing prices below solid technical support at the January low of 371.45 cents.
Jim is the proprietor of the"Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a technical analyst for Dow Jones Newswires and as the senior market analyst with TraderPlanet.com. Jim is also a consultant with the highly respected"Pro Farmer" agricultural advisory service. Jim was also the head equities analyst at CapitalistEdge.com.
- A recession would be positive for gold and gold stocks, said Adrian Day, chairman and CEO, Adrian Day Asset Management.In mid-January Day spoke to Kitco Mining at the Vancouver Resource Investment Conference 2024.He referenced a graph showing all the recessions going back to the 1960s. In every recession except one gold went up. In the majority of recessions, gold stocks rose and in some cases gained up to 200 percent.
Source: Financial Digest (financialdigest.net)