Australian Dollar Down Trend May Resume on Yellen Testimony

The Australian Dollar may resume its long-term down trend after rebounding to a monthly high last week as testimony from Fed Chair Yellen reboots US rate hike speculation.

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Crude Oil Price Bottoms and Blues

Crude oil prices have dropped from about $106 in June of 2014 to briefly under $30 in January of 2016 – down about 74% peak to trough.  This appears to be an on-going disaster for oil companies, the banks who loaned money to frackers, oil exporting countries, global stock markets and others.
Conventional wisdom suggests that crude oil prices will stay low for a long time because of low demand (global recession), huge supply (Iran, fracking, etc.), decline in commodity prices globally, and at least ten more reasons.
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Dollar Recovers After Painful Stumble as Market’s Fed Doubts Waver

A number of major market themes were driven this past week; but for FX, the Dollar’s remarkable volatility grabbed most traders’ attention.

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Money Metals Exchange: Bizarre Gold, Silver Movements Behind-the-Scenes – CoinWeek (blog)


CoinWeek (blog)
Money Metals Exchange: Bizarre Gold, Silver Movements Behind-the-Scenes
CoinWeek (blog)
Clint Siegner is a Director at Money Metals Exchange, the national precious metals company named 2015 “Dealer of the Year” in the United States by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his
Metals market update for February 5Resource Investor
Triple digits in the forecast for silver as supply tightensCreamer Media’s Mining Weekly

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Gold Reversal and Last Chance for Stock Market Shorts

Gold reversed this morning after making a throw-over above the ending diagonal formation. So far, the low is at 1145.68. A decline beneath 1138.00 puts it back into the formation,, while a break at 1126.88 confirms the new trend.
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Weekly Trading Forecast: Will We See More of Last Week’s Exceptional FX and Commodity Volatility?

The Dollar suffered one of its most abrupt swoons in years until NFPs stabilized the currency. Oil and gold meanwhile generated remarkable volatility and tentative stabs at trends. Will we see more of these active markets this week?

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UK Interest Rates, Economy GDP Forecasts 2016 and 2017

Six months ago Bank of England Governor, Mark Carney in ‘forward guidance’ at the time gave his intentions to start to raise UK interest rates early 2016, that in the run up to the Fed December rate hike had galvanised many to expect a similar trailing response from the Bank of England to gradually follow the Fed towards normalisation of UK interest rates towards a target of 2.5% over 3 years i.e. by Mid 2018.
“Short-term interest rates have averaged around 4.5% since around the Bank’s inception three centuries ago, the same average as during the pre-crisis period when inflation was at target… View full post on The Market Oracle

A-Mark Precious Metals Inc (AMRK) Increases Dividend to $0.07 Per Share – Financial Market News

A-Mark Precious Metals Inc (AMRK) Increases Dividend to $0.07 Per Share
Financial Market News
The Company also distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion, and offers complementary products, such as consignment, …

and more »

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EUR/USD Technical Analysis: Key Resistance in the Crosshairs

The Euro continued to push sharply higher against the US Dollar, delivering the single currency its largest two-day advance since early December.

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Pity the USD longs!

An opinion by ZeroHedge on this morning’s payroll report caught my attention. They opine, “The most obvious reaction to the "great" drop in the unemployment rate and "huge miss" in payrolls is a rise (yes rise) in rate-hike odds for 2016. This appears to be why the Dollar is spiking and bonds, stocks, crude, gold and everything else is being sold…”
Unfortunately the USD retracement is losing momentum at 97.24, just above mid-Cycle support/resistance at 96.99.
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The Gold Demonetization Hoax

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Eisenhower "Ike" Dollar Specifications

Eisenhower Dollar (Ike Dollars) Specifications, Details and General Information By  James Bucki , About.com View full post on About.com Coins: What’s Hot Now

USD/JPY Outlook Clouded With Bearish Pattern Ahead of Fed Testimony

USD/JPY stands at risk for a further decline ahead of the Fed testimony on tap next week as the pair continues to carve a bearish pattern.
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Asa Gold and Precious Metals Limited (NYSE:ASA) Shorted Shares Increased By 22.75% – fdanewsalert.com


The Market Oracle
Asa Gold and Precious Metals Limited (NYSE:ASA) Shorted Shares Increased By 22.75%
fdanewsalert.com
… representing interests in gold, silver, platinum or other precious minerals, such as certificates of deposit, and in securities of investment companies, including exchange traded funds, or other securities that seek to replicate the price movement
3 Precious Metal Mutual Funds to Buy as Gold ShinesZacks.com
Gold and Silver More 'Flight To Safety' Active FebruaryThe Market Oracle

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Gold Price, Mining Stocks Rocket Higher

Gold and its miners’ stocks are rocketing higher as speculators and investors alike return to this left-for-dead sector.  This sudden deluge of capital inflows has crowned gold stocks the best-performing sector of this young new year by far, shocking traders.  And this stunning reversal of fortunes in both the metal and the companies producing it is only starting, so it’s exceedingly important to understand what’s going on.
Gold was inarguably the world’s most-hated investment in recent years.  No one wanted anything to do with it, because no one felt any need for it.  The world’s stock markets were relentlessly levitating, thanks to record easing by the world’s elite central banks.  And with stocks seemingly destined to do nothing but rally indefinitely, there was little demand for counter-moving gold for prudent portfolio diversification.
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