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Dealing Desk: GoldMoney sees steady volumes and Palladium price jump + MORE

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For gold and silver it has been a week of two halves: first prices rallied to a peak on Tuesday, then declined to show net losses for the week on Wednesday for silver and Thursday for gold.
Broadly these precious metals reflected first weakness then strength in the US dollar. And equities reversed the nervousness of the previous week after a FOMC member suggested QE would be extended, with the S&P 500 closing up 7% on Thursday from its October 15 low…

Continue Reading On .goldmoney.com »

Crude oil was under pressure for most of the week, despite a rebound on Thursday after the news about Saudi’s cut in supply. The recent sell off has mainly been driven by supply-side issue with the Kingdom reluctant to cut production while Libyan production on the rise. The widening spread between Arab Light crude and the DME Oman average indicated the Kingdom has accepted lower price for regaining market share…

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Vancouver, BC, Canada — OCTOBER 23, 2014 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) has filed a NI 43-101 compliant technical report supporting the independently estimated initial resource for the Coleman deposit within the Company’s Willow Creek project, Alaska as announced on September 11, 2014…

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Silver’s consolidation from 16.64 continued last week and outlook is unchanged More sideway trading could be seen in near term. But outlook stays bearish as long as 18.61 resistance holds. Current fall is part of the larger down trend from 49.82 and should target 15.80 key trend line support level. Firm break there will target 14…

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The week has seen a mixed picture with net selling of gold, net buying of silver and a 5% increase in palladium prices, but all eyes are on the US with key figures on GDP and a report from the Federal Open Market Committee due next week.
Movements of gold and silver prices were exactly in line with last week, but the palladium bounced back after last week’s big drop…

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Natural gas’ decline continued last week and has now firmly taken out 3.727 support. Such development confirmed down trend resumption. Deeper decline would be seen to 61.8% projection of 4.886 to 3.727 from 4.184 at 3.468 first. Break will target 100% projection at 3.026 next. On the upside, above 3…

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The behaviour of financial markets these days is frankly divorced from reality, with value-investing banished.
Markets have become distorted by Rumsfeld-knowns such as interest rate policy and “market guidance”, and Rumsfeld-unknowns such as undeclared market intervention by the authorities. On top of these distortions there is remote investing by computers programmed with algorithms and high-frequency traders, unable to make human value-assessments…

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Crude oil stayed in consolidation above 79.78 last week and outlook remains bearish with 86.29 resistance intact. Current decline is expected to continue to 161.8% projection of 112.24 to 91.24 from 107.73 at 73.75 next. Break of 86.29 will indicate short term bottoming and bring consolidations. But upside should be limited by 94…

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Gold’s recovery from 1183.3 lost momentum after hitting 1255.6 and weakened. With 38.2% retracement of 1392.6 to 1183.3 at 1263.3 intact, outlook stays cautiously. Nonetheless, we’d prefer to see decisive break of key support zone of 1179.4/1181.4 to confirm downside momentum. Meanwhile, sustained break of 1263…

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