Gold News

Last week, the European Central Bank released its most recent monetary policy statement. What does it imply for the gold market? Prologue: Draghi’s Speech in Sintra We have already covered Thursday’s ECB monetary policy meeting. However, it was an important ev
Gold continues to rebound, but the rally in miners lacks conviction; trading volume is anemic. Our primary forecast expects another decline in metals and miners before reaching a sustainable low. 10-year Treasury yields broke out above the bearish short-term tren
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
Gold prices hit a two-week high yesterday, finding its way into the $1,240-per-troy-ounce range. This marks a return to a price range that gold hasn’t seen since the beginning of the month, and puts it within striking distance of the prices gold was seeing before the mi
Two weeks ago gold broke its short-term rising trend at $1,235, a technical level which held gold higher since January. This is shown below by the broken turquoise trendline. While such a breakdown would normally be a sign for caution, because the breakdown has occurred
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

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