Market Analysis by covering: Gold Spot US Dollar, Silver Spot US Dollar, SPDR® Gold Shares, iShares Silver Trust. Read 's Market Analysis on Investing.com
Futures lower; gold extends drop; Bitcoin ticks down - what’s moving markets"The Lone Ranger" started as a radio series in 1933. It subsequently ran as a TV series for 21 years until 1954. The premise of the show was that the last surviving Texas Ranger is nursed back to health by Potawatomi tribesman Tonto.
The two ride together throughout the West on their horses, Silver and Scout, doing good while living off aWhen they start to chase the bad guys, the announcer shouts,"Hi-Yo Silver Away!" The exciting theme song of the series was written for the movie,"The Lone Ranger and the City of Gold." On Friday, commodity traders in the silver pit were shouting,"Hi-No Silver Away!" Silver led a rout among the precious metals and their ETFs.Along with our friend Michael Brush, we spent this morning reading the various explanations for the one-day bear market in silver and the one-day correction in gold. On Friday morning, President Donald Trump’s nomination of Kevin Warsh to replace Jerome Powell as Fed chair might have been behind the selloff initially. Then, at 2:00 pm EST, the CME group raised maintenance margin requirements again, the second increase in three days, effective after the close on Monday, February 2.By announcing the hike before Friday’s close, the CME effectively warned traders that any positions held over the weekend would be subject to significantly higher collateral requirements by Monday. This forced many participants to liquidate their positions during the final hours of trading on Friday, which contributed to the late-session acceleration of the price drop. So we doubt all the conspiracy theories, including the possibility that this is the start of another Hunt Silver Crisis of March 27, 1980, when the silver price fell from around $21 to below $11 in a single day . By the way, the nomination of Warsh should have been bullish for precious metals because he favors stimulating more growth with still lowerFriday’s PPI report for December was hotter than expected and should also have been bullish for precious metals. The headlineinflation rates rose to 3.0% and 3.3% . Producers may just be starting to pass higher tariffs and weaker currency costs down the supply chain. We asked Michael Brush for an update on insider buying activity:"It’s still early, but so far, corporate executives and directors have shown little interest in buying into the market weakness. Their cautious stance continues. Buying by investors considered insiders because of large holdings has picked up slightly. But 10% owner activity is less meaningful as a market signal." Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Silver Spot US Dollar SPDR® Gold Shares Ishares Silver Trust
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Velvet-rope security lines and grandpa’s heirlooms: Inside the rush to sell gold and silverVelvet rope security lines and grandpa’s heirlooms: inside the rush to sell gold and silver
Read more »
Gold and silver extend selloff after market meltdownBusiness Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.
Read more »
The hidden reason bitcoin didn't rally as gold and silver went berserkTraders are zeroing in on a cluster of bids near $87,500 and repeated sell pressure under $90,000, a setup that looks like a tug of war into month end.
Read more »
Record Volatility Reveals Gold and Silver as Pure Risk AssetsMarket Analysis by covering: Gold Spot US Dollar, Silver Spot US Dollar, US Dollar Index Futures, Gold Futures. Read 's Market Analysis on Investing.com
Read more »
Crypto Loses $500B, but Gold and Silver Wipe Out $10T in DaysBoth precious metals plunged in the past few trading days.
Read more »
Forex Today: Gold and Silver selloff continue to start new weekHere is what you need to know on Monday, February 2:
Read more »