Gold News

Once again gold moved higher for some time, which once again made the short-term moving averages (including the 50-day moving average) rise faster than the long-term ones (including the 200-day moving average), which in turn generated the “all-important” golden cros
Gold prices had a strong close last week, finishing higher by 2.1% or $26, to close at $1,253 as of the final trade on the New York COMEX on Friday afternoon. Even so, the price action continues to remain consolidative in nature. This is where we must remain steadfas
The precious metals complex rebounded as expected after becoming very oversold just a few weeks ago. The rebound has been aided by weakness in the US Dollar, which plunged roughly 2% over several days. However, upon further inspection gold’s rebound has been entirely do
During yesterday’s session, the USD Index plunged once again and so did the general stock market, while gold rallied over $20. Consequently, we see a new major technical development that we’ve been expecting for some time now. What’s new and what changed? Let’s start
There are some days in the news when the stock market makes big headlines—but that isn’t always a good thing for investors. Yesterday’s big dip in the Dow Jones Industrial Average, NASDAQ, and S&P 500 showed that there is a lot of uncertainty out there in the ma
After some pessimism with how gold has dipped over the past month or so—going down into the low $1,200-per-troy-ounce range—this week, we see an entirely different story. As of this morning, gold sits at some $1,257 per troy ounce, restoring the price of gold to its ent
The most expensive investment anyone can buy today is paper gold. For $1,260, an investor will get a piece of paper saying he owns 1 ounce of gold. But he is unlikely to ever see that gold. Firstly, most investors who buy paper gold have no understanding of the real rea
On Friday, two important US economic reports were released. What do they imply for the gold market? Retail Sales Rise, But Slower Than Expected Retail sales jumped 0.4 percent in April, following a 0.1 percent rise in March (after an upward revision from a 0.2 per
Time and time again we are seeing fraud taking place in the precious metals’ market. Thousands of tonnes of paper silver and paper gold are being dumped over just a few hours or days. For anyone who doesn’t understand what is happening, let me categorically state that t
The mining stocks moved higher yesterday - and this move can be explained neither by a move higher in gold or silver, nor by a substantial rally in the main stock indices. This begs the question: Does the miners’ strength indicate a looming turnaround? Quite lik

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