Category: Precious
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Gold Technical Analysis – A very dovish Powell boosts the precious metal
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Investor EmpiresBasic Overview Last Friday, Fed Chairman Powell delivered a more dovish-than-expected speech at the Jackson Hole Symposium, leaving the door open to a 50 basis point rate cut at the September meeting. Saying that they will do everything they can to support a strong labor market was crucial. This is…
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Are precious metals set for a stronger bounce this week?
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Investor EmpiresSilver was one of the most impressive performing stocks in the quieter start to the week yesterday. The precious metal rebounded strongly after the setback it suffered last week, after failing to hold above the $32 level. But with a rise of more than 4% yesterday, the price is now…
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Silver extends rally to 6% — an image to define the precious metals rally
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Investorempires.comSilver daily Silver Bulls are a special species but they will be celebrating this weekend. Silver broke today in a technical cascade. It started with a breakout of $30 an ounce and the February high, which was just above that. This led to a rush of buying and short covering…