Gold News

Last week's action saw gold forming its peak for the week in Monday's session, here doing so with the tag of the 1256.60 figure (February, 2019 contract). From there, a gentle correction was seen into late-week, with that decline coming as the result of a smaller 10
We are now in the very final stages of the most remarkable era of alchemy in the history of finance. This cycle started in 1913 with the creation of the Fed and had its death knell in 1971 when Nixon took away the gold backing of the dollar. It has been a long and slow
With the action seen last week, gold saw its low made in Monday's session, here doing so with the tag of the 1226.60 figure (February, 2019 contract). From there, strength was seen into late- week, with the metal pushing all the way up to a high of 1255.80 - an acti
The US stock market fell sharply this week, down 4.6% as represented by the S&P500 index. The market is now down nearly 10% from its all-time high set in late-September. We can see below that as stocks have sold off, gold has not only held its value, but has
For the gold market, the recent action has been very choppy, with the short-term waves either having bottomed - or else with a marginal amount of weakness still to come. As for U.S. stocks, the cycles there are pointing higher into later this month, which is in line
Both Western and Eastern central banks are now fully supporting gold. Precious metals investors can with total confidence buy and hold physical gold, silver and platinum in the firm knowledge that central banks both in the West and the East will by their actions guarant
Gold's Short-Term Cycles For the very short-term, the next minor cycle top is due to play out with the 10-day wave, with the larger 34 and 72-day cycles still seen as pointing south at the present time. With that 10-day cycle into topping range, any reversal belo
The risk of holding cash or gold in a bank is increasing continuously. Later on I discuss the difficulties bank clients encounter in taking money or gold out of their bank. The word risk can be traced back to Greek via Latin to root or cliff. These were the the dang
Last week's action saw Gold forming its low in Tuesday's session, here doing so with the tag of the 1196.60 figure. From there, a sharp rally was seen into Friday, with the metal pushing up to a high of 1226.00 - before backing slightly off the same to end the week.
Owning gold is life insurance and wealth preservation. Anyone who has lived through hyperinflationary periods in the Weimar Republic, Zimbabwe, Argentina or Venezuela understands the importance of gold. But it is not enough just to own gold or silver. It is also ext