Gold News

Last week amid continued volatile whipsaw action in US and global stock markets gold continued to hang around at the 50 day moving average, basically going nowhere. This is as it should be with the counter-cyclical metal that pays no dividend and has no default risk
Gold soared yesterday likely based on the escalation of the trade conflict between the U.S. and China, but after several hours the rally was over. The tensions didn’t really subside, but the price of gold is already about $10 below the price at which it was trading when
Gold started the month with an upswing, silver soared and… Silver stocks declined. Yes, you read that right. Big upswings can be bullish developments, but it’s definitely not true in all cases. For instance, in this case, one could say that while it’s true that gold mov
We have been noting that as the gold price remained in its gentle daily uptrend its Commitments of Traders (CoT) situation had not been optimal where defining a new bull phase was concerned. Last week, as gold was rising fairly sharply the CoT became sharply less co
Last week we noted that gold’s quarterly close would be a key marker for gold’s immediate breakout potential. Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz. Hence, an imminent break
Gold has been a part of the human story since the dawn of civilization. One part store of wealth, one part ornament, and one part modern technology, gold stands at the crossroads of multiple financial, religious, and industrial trends. What actually drives gold p
Is this it? Is the bull market finished and the good times over? Well, they could very well be. We are looking at a world which is rotten to the core, a world which is built on debt which will never be repaid. And a debt which is artificially supporting $100s of trillio
“Some things never change. Some things do.” You might be wondering why we are quoting one of the lines from the Matrix movie. The reason is because that’s exactly what we can say about the gold market and the price patterns in it. The thing that never changes is the fac
Last week Gold continued its grinding trend toward a favorable alignment in its Commitments of Traders (CoT), as large Specs got less long and Commercials less short. This is not an outstanding configuration but when considering the muted state of the little guy (small
Gold has firmed above $1300 in recent days and is holding comfortably above $1300 for now. We think the market will break to the upside sometime this year. The question is when. Here are 3 things to watch that will tell us if gold is on the cusp of that break-out soon o

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