Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.prices are modestly higher in early U.S. trading Monday.
The key outside markets today see the U.S. dollar index lower. Nymex crude oil prices are slightly down and trading around $83.75 a barrel. The yield on the benchmark 10-year U.S. Treasury note is fetching 4.64%. Technically, the gold futures bulls have the firm overall near-term technical advantage. However, a price uptrend on the daily bar chart has stalled out. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at $2,400.00.
Jim is the proprietor of the"Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a technical analyst for Dow Jones Newswires and as the senior market analyst with TraderPlanet.com. Jim is also a consultant with the highly respected"Pro Farmer" agricultural advisory service. Jim was also the head equities analyst at CapitalistEdge.com.
With de-globalization and de-dollarization accelerating this year, this new market could extend the U.S. dollar's lifespan as the world's reserve currency, according to Nic Carter, founding partner at Castle Island Ventures and co-founder of Coin Metrics.Why this new market can delay the demise of the U.S.
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