Gold News

Gold prices should have broken through $1,300 last week. It was only through abject market rigging that it didn’t. The single biggest market rig currently is for “someone” to slam the VIX lower to force risk parity funds to buy stocks. It’s fairly clear that the
Welcome to the dog days of summer. The low volatility in precious metals continues. Janet Yellen or some other Fed heads said something Friday. Precious Metals sold off but quickly recovered. It appears that not much has transpired in recent weeks as precious metals hav
Regular reads of this space recall the importance of the Federal Reserve’s meetings on the strength of the U.S. dollar—and thus, the strength of the price of gold. The person with the most power to sway Federal Reserve policy, Chairperson Janet Yellen, has made rece
“America is now a dangerous nation.” This is the title of an article written by the journalist Gideon Rachman in the Financial Times last week. He goes on to declare: “Under Donald Trump, America looks like a dangerous nation.” As I stated in my KWN article last
Anyone paying attention to the price of gold lately has seen the yellow metal stop its pessimism on the year and reverse course, instead heading back to $1,300 with a vengeance. While the stock market makes rocky moves both up and down with uncertain headlines in North
Last week, a few important US economic reports (including retail sales) were released. What do they imply for the gold market? Retail Sales Strong In July The recent days were eventful. The FOMC and the ECB released the minutes of their last meetings, while ca
Last week I wrote that I expected gold to give us a pull back to $1,275 or possibly even $1,260, before starting its next leg up above $1,300. Well, we got that pullback early in the week as gold dropped to $1,280 Monday through early Tuesday, before bouncing har
Three weeks ago we discussed how gold needed to perform considering the US$ index was likely to bounce due to an oversold condition and extreme bearish sentiment. We wrote: “Simply put, gold will have to prove itself in real terms if it is going to hold its ground or
Gold has finally broken out of a simple yet powerful technical boundary – the declining linear trendline which defined the 2011 – 2017 period in precious metals prices. The ramifications for this breakout are significant and we expect higher gold prices are in store for
In a previous article, I have shown how economic conditions, today, appear very similar to that of the early 80s (circa 1983). These similar conditions show up on the long-term gold and Dow charts, as shown in that article. Now, if those similarities continue, th