Commodity Trade Mantra

Posts Tagged ‘COMEX Gold Contract’

Timeline For Gold Price Movements & The Next Gold Price Rally

It’s possible that gold could trade as low as $1285 and back near its 50-day moving average before bottoming. This area has proven as support all year. Expect a renewed rally in August back to near, but likely not exceeding much, the highs of late June & early July. Something between $1370 – $1390. Another tumble in mid-late Sept & finally, a breakout to new 2016 highs in Oct and Nov.

Is a Bull Market Quietly Gathering Strength in Gold?

Is the resumption of the bull market in gold, that so many have patiently awaited for years quietly, gathering strength under our noses? Expect a $50 gold rally to around $1280. I am somewhat open to the possibility that gold will blast off, once above $1280 without looking back, leaving in the dust all who were hoping to accumulate bullion & mining shares on weakness.

CME Group plans to launch Physically settled Asia Gold Futures

CME Group plans to launch a physically deliverable gold futures contract in Asia (the top consumer of gold in the form of jewelry, bars & coins), as the exchange targets rising hedging & investor demand in the top gold-consuming region & also help CME boost flagging revenues from its precious metals futures.

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