Gold News

Last week, a few important US economic reports were released. What do they imply for the gold market? June Retail Sales And Gold The recent days were eventful. Donald Trump Jr revealed his controversial emails, Janet Yellen delivered her testimony before the C
Lethargic summer markets tend to instill a sense of false security. Stocks and property are near all-time highs, interest rates are at 72 year lows and most investors feel richer than ever. Central banks signal strong economies with indications of higher interest rates
Oftentimes in this space we have occasion to point to a variable or two that could be responsible for gold’s recent movement. But this week, we have mixed results. As of this morning, gold is up slightly—similar to the results we had yesterday (Monday). But gold has
In the first part of the Preparing for THE Bottom series, we emphasized the need to be sure to stay alert and focused in the precious metals market, even though it may not appear all that interesting. We argued that preparing for the big moves in gold that are likely to
The US economy added 222,000 jobs in June. What does it mean for the gold market? Job Gains Strong In June Total nonfarm payroll employment increased 222,000 in June, following an increase of 152,000 in May (after an upward revision), according to the U.S. Bur
Last week we wrote that gold’s poor performance in real terms could reflect its worsening fundamentals. Real interest rates are rising because the rate of inflation has peaked and bond yields are rebounding. It is a double whammy for precious metals. This is not permane
Though the price of gold showed a tremendous amount of resistance in the mid-$1,200 per troy ounce range for a long time this month, it finally broke through over the Fourth of July weekend with a stumble down to what is currently around $1,220 per troy ou
The US dollar continues to show us signs of a significant long-term reversal lower in the making. As first proposed in January 2017, the dollar has now hit our initial lower target of 95.5 on the dollar index: This target was derived from a measurement of the amp
US consumer spending jumped 0.1 percent in May. What does it mean for the gold market? Consumers Barely Increase Spending Personal consumption expenditures increased 0.1 percent in May, following a 0.4 percent rise in April. The rise is soft, but in line
Intermarket analysis is a rather new field in technical analysis but one of my favorites because it is critical in understanding gold. Asset classes like stocks and bonds are enormous and aren’t as influenced by as many factors as gold. Trends in stocks, interest rates,