A relatively uneventful night for precious metal investors, with gold trading between USD $1303oz on the downside and USD $1315oz on the upside, still stuck in...

Jordan Eliseo

The Perth Mint

A relatively uneventful night for precious metal investors, with gold trading between USD $1303oz on the downside and USD $1315oz on the upside, still stuck in a range between its 200DMA and 50DMA. Silver was similarly uneventful overnight, trading at USD $19.55oz presently, with many participants choosing to wait on the sidelines til the market moves more definitively in either direction. Stocks weren't quite so benign, with all major bourses well off, with Twitter and Yelp etc. all falling heavily, with tech and biotech indexes stocks off over 15% now since early 2014 highs. Actual economic news overnight was good, with European Service PMI's on the whole pretty solid, with results improving in Germany, Italy and Spain, whilst in the UK, numbers were strong too. European retail sales growth was also a respectable 0.3% for March, although previous results were revised lower. More details here (VIEW LINK)


Gold bull since early 2000. Have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and the causes of the GFC. Lover of markets, competition & technology

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