Gold News

The latest FOMC meeting was accompanied by Janet Yellen’s press conference. Let’s analyze the implications of her remarks for the price of gold. Yellen’s Opening Remarks Generally speaking, Yellen’s opening remarks were quite boring and predictable. As previou
The junior gold stocks corrected hard in recent weeks, setting them up to blast higher on Wednesday’s less-hawkish-than-expected Fed.  That started to dispel some of the serious bearish sentiment that has been mounting in this sector.  The junior gold miners’
I was told a story today about another analyst who bought into a 3X leveraged ETF on Monday as the GDX was hitting its highs and the market was quite bullish, and then sold for a 10%+ loss yesterday as it was hitting its lows when the market turned ver
Today, the Federal Reserve is expected to raise interest rates—a move that always has what USA Today calls “domino effect” on the economy as a whole. Naturally, those interested in the price of gold always watch these interest rates closely, since they can dramatica
Three-month US Treasury Bills are now pricing in a hike for tomorrow’s interest rate decision by the US central bank. This leading indicator has been highly accurate since the first Federal Reserve Rate hike in December 2015. Below we show a two-part graph, with the 3-m
The US economy added 235,000 jobs in February. What does it mean for the gold market? Job Gains Strong in February The total nonfarm payroll employment jumped 235,000 in February, following 238,000 in January, according to the U.S. Bureau of Labor Statistics.
In the Roman calendar, the Ides of March was the same as March 15th in today’s calendar. This date was not significant until Julius Caesar was assassinated on 15 March 44BC. Shakespeare then coined the phrase “Beware of the Ides of March” in his Juli
It’s no secret that precious metals like gold and silver have had a rough couple of weeks. Gold prices are currently flirting with dipping below $1,200 per ounce, about the lowest it’s seen in a month. And with the Federal Reserve meeting looming, there are some who
The gold stocks bounced strongly today after the February jobs report confirmed the Federal Reserve will hike interest rates next week. While precious metals rallied strongly following the previous two hikes, I’m not so sure today marks the start of a big rebound. For o
A few weeks ago, I noted the divergence forming between metals and miners. Gold and silver rallied into March, but miners dropped extensively, breaking below their 50-day EMA's. This behavior is distinctly bearish, and I'm reevaluating the potential for a decline in

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