Gold’s Price Action to Pickup With U.S. Earnings Season – MKS PAMP Group

Gold is struggling to find solid momentum above the $1,500 level, but U.S. earnings season could help, says MKS PAMP Group. “Although the geopolitical and trade headwinds prevail, we are seeing bullion struggle to build further top-side momentum, however we may see price action pick-up as U.S. earnings season begins,” writes MKS. There is also solid resistance at the $1,500 level, which makes a move higher difficult. “Supportive interest remains evident broadly through USD $1,480 – $1,475, while resistance around USD $1,495 – $1,500 is weighing upon any top-side moves,” MKS adds. Focus today is on the U.S. existing home sales, U.S. monthly budget statement, and the Richmond Fed manufacturing index.

Investors’ global worries to support gold: RBC Wealth Management

Tuesday October 22, 2019 09:08

Gold prices will remain supported with geopolitical worries keeping investors interested in the yellow metal, says RBC Wealth Management managing director George Gero. “Look for continued support in gold as investors are seeing more worries in Middle East, Turkey, Chile, Hong Kong, and politics in general,” writes Gero. “Fed is expected to continue easing and Euro Zone bonds showed more easing but steady dollar index is capping metals gains for now.”

Palladium Crosses $1,700.00/oz.

Lets all remember the most profitable precious metal since gold hit $1,921.00/oz. in 2011, Palladium. The metal known for electrical conductivity next to platinum has leapfrogged gold, silver and platinum and doubling in just the last 18 months, Palladium now sits at $1,736.00/ oz.  and is expected to rise from more here due to extreme supply / demand issues rising from both auto catalysts and biomedical  demand.  Palladium comes from Russia and South Africa & can be used in the gas/hybrid engines that are now replacing diesel engines around the world, and suddenly there is huge demand, and China’s auto industry hasn’t even opened up in west yet.

401 G.C. Note :  Buying the new U.S. Palladium Eagle coins provides some of the best leverage for customers trying to participate in the metals price rise, orders are first come first serve and supples are extremely limited.

Posted by :

Jack Dempsey, President

401 Gold Consultants LLC

jdemp2003@gmail.com