Gold, Silver Miners Stay on Hold Rating Despite Precious Metals Rally

Seeking Alpha39minutes ago

Gold surges $300 in three days! Short squeeze fuels rally, and upward momentum may be far from over

The divergence between gold and the weak U.S. dollar has now been resolved. Previously, many CTA trend-following funds maintained short positions in gold; however, with gold prices breaking through key levels, CTAs are now cutting losses and turning net long. Meanwhile, a significant amount of speculative capital missed out on this rally and may be forced to chase the market higher in the near term, potentially fueling a second wave of gains. Over the longer term, central bank gold buying is intensifying, providing underlying support for demand; in the short term, the RSI has entered overbought territory, suggesting volatility could increase.

wallstreetcn50minutes ago

Wells Fargo Maintains Overweight on ConocoPhillips, Raises Price Target to $189

Benzinga21:30 · Ratings

Wells Fargo Maintains Equal-Weight on Canadian Natural Res, Raises Price Target to C$65

Benzinga21:27 · Ratings

Pricey but Popular: Top Energy Stocks With High Momentum, Weak Valuation

Seeking Alpha20:46

Is the gold bull market back? UBS Group: Gold prices could rebound to $5,000 in the first half of next year.

UBS Group believes that gold has three key medium- to long-term supports: renewed investment demand driven by declining real interest rates, a weaker U.S. dollar encouraging portfolio diversification, and sustained high-level gold purchases by central banks. It recommends viewing any pullback in gold prices to USD 4,000 as a strategic opportunity to establish positions. The chief strategist at BCA Research also noted that gold prices may have further upside potential and could even reach new record highs.

wallstreetcn17:20