Another solid night for the precious metal complex, with gold heading back above USD $1240 and silver kissing USD $20 again, as disappointing German Industrial...

Jordan Eliseo

The Perth Mint

Another solid night for the precious metal complex, with gold heading back above USD $1240 and silver kissing USD $20 again, as disappointing German Industrial Production data, and a series of speeches from various Fed Governors leave the markets no surer of a plan for when the Fed might taper QE. The latest Commitment of Traders Data published by the CFTC again looks 'bullish' from a contrarian perspective, with commercial traders in a similar net short position to where they were in June, when gold fell below USD $1200 an ounce. That price level marked the 'bottom' in bullion (at least for now, as a potential re-test is still a strong possibility), with gold prices rallying circa USD $200 an ounce in July and August. With little 'market moving' US economic data out this week except for retail sales, it's all eyes on the Fed in the run in to Xmas.


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

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.