Copper (HG1) Up $0.05 in Last 4 Hours, Started Today Down 0.28%; in an Uptrend Over Past 30 Days
Out of the 5 instruments in the metals asset class, copper ended up ranking 2nd for the day in terms of price change relative to yesterday.
Metals News
Last Updated June 5, 2020 at 1:50 GMT
The instruments in the metals asset class that made the biggest moves, on a percentage basis, over the past day were Gold, Palladium, and Platinum. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
Trend News
Over the past two weeks, the strongest trend has been on Palladium. Alternatively, on a 90 day basis, the strongest trend appears on Gold.Moving Averages In The Metals World
Pairs that crossed notable moving average levels include Palladium; they crossed their 20 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Gold has perhaps the strongest trend. See the chart below.
Palladium (XPDUSD) Up $42.25 On 4 Hour Chart, Started Today Down 0.55%; Breaks Below 20 Day Average
Or to view things another way, note that out of the past 10 days palladium’s price has gone down 7 them.
Platinum (XPTUSD) Up $18.34 On 4 Hour Chart, Tops All metals; Started Today Up 0.34%
Platinum outperformed all 5 assets in the metals asset class since yesterday.
Silver (XAGUSD) Up $0.14 Over Past 4 Hours, And A Story About Hunt Brothers; Entered Today Down 2.15%
For additional context, note that price has gone up 5 out of the past 10 days.
Gold (XAUUSD) Up $4.24 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Entered Today Down 1.76%
Annual cash flows at $1,700+ based on production guidance not far from covering current market cap!
Copper (HG1) Up $0.05 On 4 Hour Chart, Entered Today Up 1.98%; Crosses 100 Day Moving Average
Dividends only suspended as a precaution in case covid-19 shut down mines.
Palladium (XPDUSD) Up $42.25 in Last 4 Hours; Moves Up For the 2nd Day In A Row
On a relative basis, palladium was the worst performer out of all 5 of the assets in the metals asset class today.
Platinum (XPTUSD) Up $18.34 Over Past 4 Hours, Crosses 100 Day Moving Average; in an Uptrend Over Past 30 Days
Out of the 5 instruments in the metals asset class, platinum ended up ranking 3rd for the day in terms of price change relative to the previous day.
Silver (XAGUSD) Up $0.14 in Last 4 Hours, And A Story About Tom Cloud; in an Uptrend Over Past 30 Days
For another vantage point, consider that silver’s price has gone up 18 of the previous 30 trading days.
Gold (XAUUSD) Up $4.24 Over Past 4 Hours, And A Story About Resistance Region; Came Into Today Up For the 3rd Day In A Row
Can we infer that gold loan business goes up when gold prices go up and when there is economic crisis ?