Tag Archives: contact

Silver Should Be Trading At $14.93 According to Gold

DailyFX.com –

The technical outlook is little changed for silver.

The overall trend is bullish above the January 22 low of $14 and the next resistance level and target for bullish traders is the December 7 high of $14.58, a target silver should be able to reach so long as its correlation to the price of gold holds up. My latest fair-value-estimate suggests that silver should be trading at $14.93 on gold prices trading at or above $1124.5. read more

Oil and Stocks Lead the Asian Rebound while Gold Calms

Oil and Stocks Lead the Asian Rebound while Gold Calms

Thursday, Jan 21, 2016 2:56 pm EST

Talking Points:

  • Gold calmed as Asia market turned to buying risk again
  • Oil bounced back to 28 yet under threat of stock build in DoE report today
  • Copper rose the most, leveraging on stocks and oil recovery

Asia market started the day with a mild risk-on mood. Regional stocks made recovery attempts from yesterday’s lows. Similar things occurred in commodities: oil bounced back to 28s and copper returned to Tuesday levels. read more