METALS: Relief Rallies in Gold and Silver Should be Temporary

We remain skeptical of sustained strength in gold and silver with the markets generally relying on a single force of weakness in the dollar.

CommentaryResearchJuly 27, 2023Gold, Silver, Platinum, Metals

METALS: The Tide Has Shifted Down; More Declines but not a Shift in Trend.

With a macroeconomic washout pressuring the commodities, the path of least resistance in gold and silver is pointing down.

CommentaryHightower ReportApril 19, 2023Gold, Silver, Metals, Platinum

METALS: The Bias Remains Down with Corrective Action Likely to Extend

We leave the edge with the bear camp as the 2nd day of US Federal Reserve Chairman testimony to Congress is likely to reiterate the need for a higher terminal US interest rate.

CommentaryResearchMarch 8, 2023Metals, Gold, Silver, Platinum

COPPER: Consolidation Support at $4.00 & Positive China News is Bullish

With the rejection of a sub-$4.00 trade yesterday followed by an exclusively positive trade overnight the consolidation low pattern is given additional credibility as support.

CommentaryResearchFebruary 16, 2023Metals, Copper

METALS: Inflation Evidence Mounts but Metals Ultimately Fear The Fed

While we would like to see gold and silver buying come alive with sharp sustained gains off classic inflation expectations, we remain very skeptical of that capacity given the rising chorus of Hawkish Fed statements.

Hightower ReportApril 13, 2022Gold, Silver, Platinum, Metals

Daily Recaps - 2022.02.15

CommentaryResearchFebruary 15, 2022Grains, Softs, Financials, Metals, Energy

Morning Copper: The Bias is Down Unless Significant Risk-On Sentiment Surfaces

We do not see a definitive edge in the Copper market as Chinese copper demand news has been lacking lately and supply news has not been able to notably move the needle of the speculative trade.

CommentaryHightower ReportFebruary 9, 2022Metals, Copper

Morning Metals: A Slight Upward Bias Facilitated by More Dollar Declines

With the dollar continuing to fall, we expect gold and silver to grind higher, but in the event the dollar recovers we expect gold and silver to fall quickly back to last week's low.

CommentaryHightower ReportFebruary 2, 2022Gold, Silver, Platinum, Metals

Evening Metals: The Partial Dovish Shift in the Fed Earlier in the Week is Lost

The primary trend in the precious metal markets might become no trend as noted weakness in the dollar has been countervailed by periodic concern over rising rates.

CommentaryHightower ReportJanuary 13, 2022Gold, Silver, Metals, Platinum, Copper

Evening Metals: The Bear Camp Regains a Slim Edge

We see the trend remaining in precious metal markets with palladium and gold likely assuming leadership roles.

CommentaryHightower ReportJanuary 7, 2022Copper, Gold, Silver, Platinum, Metals