Gold News

Gold and silver met resistance at the $1,200 and $17.00 resistance levels, respectively. It's possible their common cycles topped today. Closing below today's lows will be the initial signs of an interim top. What troubles me most is miners. In a strong bull mark
As recently as last week, the price of gold was expected to have hit an upper limit, with some pessimism in the works for the first quarter of 2017. Today, there’s more optimism in the field, with gold looking back up toward $1,200 rather than down at $1,100. Wha
During last week spot gold prices rose 1.9% or nearly $22 to close at $1,173 as of the final tick on the New York COMEX. Initial resistance is expected to be seen between $1,190 - $1,200, labeled below in red, with support coming from the broken 2013 – 2015 down
The US economy added 156,000 jobs in December. What does it mean for the gold market? Job Gains Soft Total nonfarm payroll employment rose by just 156,000, according to the U.S. Bureau of Labor Statistics. Analysts expected 175,000 jobs created. Thus, the
Where is gold’s price headed in 2017? It’s a simple question with a complicated answer. To make sense of it, let’s review some of the most important factors on the price of gold this year: Factor #1: Interest Rates Interest rates might not have the effect on g
There’s tremendous optimism—though some might call it cautious optimism—in the current markets. That’s been true for almost a full quarter in the equities markets. However, it appears that 2017 may be starting out with similar optimism in the commodities markets as
Some analysts say that gold is oversold. Others claim that gold has not established a bottom yet. Which fundamentals support which outcome? Sentiment Turns Bearish The price of gold plunged in the last quarter of 2016. Since the U.S. presidential election, gol
With 2017 upon us and another year in the record books, let us examine the performance of the precious metals in relation to other major asset classes for the full year in an attempt to learn what 2017 may have in store. We begin the article with a broad examination
The gold price was on a crazy roller-coaster ride during 2016. Gold bugs were ecstatic during the first half of the year, as gold finally rallied strongly after a 4-year correction. It was a fierce rally to be sure, as the price advanced from $1,045 to $1,377 in the cou
Gold and silver are bouncing from oversold conditions, as expected. Gold prices should remain below $1,190 and silver below $16.80 during this rebound. However, miners have already exceeded our expectations for a relief rally and could be signaling a bottom. If t

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