cryptocurrencies replace gold

The recent media attention on cryptocurrencies, especially since the last quarter of 2017 stoked the questions of can cryptocurrencies replace gold as a safe haven? One of the biggest arguments supporting this view was the fact that; unlike fiat currencies, the decentralized model supporting cryptocurrencies made it difficult for authorities to ...

2018-03-23 John Benjamin Read more
gold prices

Gold prices enjoyed a stellar rally in the immediate aftermath of the 2008 global financial crisis. As the markets across the world plunged, investors sought the safety in gold, often dubbed as a safe haven asset. Gold prices rose to highs of $1920 by late 2011 and have, since then, been easing back. The gains came as central banks made an ef...

2018-01-25 John Benjamin Read more
Chinese gold lion

Gold has been testing the 1300 barrier since the beginning of this year, with no clear break above that resistance so far. And now is the fourth time; so here comes the big question, is it the right time for gold to break that barrier? If so, where are we heading? Interesting Weekly Close Last week, you might say that Gold failed to break...

2017-08-28 Nour Eldeen Al-Hammoury Read more
Gold prices

It has been a bumpy ride for metals over the past few weeks. However, the general momentum remains positive on most time frames. Yet, metals need more catalysts to clear the way for further gains this year. Otherwise, they are going nowhere. The Fed Saved The Day Yesterday, metals were at this week’s lows right before the Federal Reserve’s...

2017-08-17 Nour Eldeen Al-Hammoury Read more

A few days ago, fears were across the board; tensions were rising (and still rising) between the US and North Korea and so far, there is no sign of de-escalation. Yet, all of a sudden and after a notable decline in global equities and the US Dollar, side by side with rising safe haven assets, including Gold, Silver, Japanese Yen, and the Swiss ...

2017-08-16 Nour Eldeen Al-Hammoury Read more
Gold

The US Dollar tumbled to the lowest level since May 2016, completing five months of consecutive declines, something we haven't seen since 2011. Despite this move and the notable decline in USD Index, Metals volatility was muted. Gold advanced slightly, while Silver managed to rise close to 1%. Even though Metals are still lagging, the opportun...

2017-08-01 Nour Eldeen Al-Hammoury Read more
Gold

Metals have been rising for the past three weeks, including this week, and reached the highest level in six weeks. There were many factors that led to such rally. However, what is important is that Gold and Silver proved that they are strong enough to continue their trend for this year. Fundamental Catalyst As said before, there are many f...

2017-07-28 Nour Eldeen Al-Hammoury Read more
Gold

A week ago, both metals were sinking, Gold almost tested $1200, while Silver crashed to $14 before recovering quickly above $15 the next day. Today, Gold is trading around $1240, while Silver is stabilizing well above $16 so far, which might be a sign for another move ahead. Higher Gold On Low Inflation? Some traders are confused with the ...

2017-07-19 Nour Eldeen Al-Hammoury Read more
Gold prices

Once again, if you have been following our previous reports especially about Gold and Silver, you would be able to explain why and how metals recovered back up after declining significantly last month. In the past few weeks, we were confident that Gold and Silver are likely to recover most of the recent declines, despite the fact that many fund...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Gold_precious metals_0211

A few weeks ago, when Gold and Silver were breaking lower, posting the lowest level in over a month, a lot of people were saying that the trend is over. From a technical point of view, this was actually true, as Gold and Silver broke through their daily trend line support for this year. However, we made it also very clear that both metals had ...

2017-07-26 Nour Eldeen Al-Hammoury Read more