Gold News

Precious metals formed significant lows 2-weeks ago, and hardly anybody is paying attention. I think we will look back at this period as an excellent opportunity. And if I’m correct, this could be the last time we see gold in the $1,200’s for a long time. The 4-y
First published on Sunday Dec 24 for members of ElliottWaveTrader.net:  Ever since we broke down below the upper support region back in early September, and invalidated an immediate break-out set up, we have been looking for the GDX to test the 21 region. 
The gold volatility index moved to a new all-time low and there was no meaningful action in gold recently. Well, we profited on the decline and on the following upswing, but the price action that we saw was nothing to call home about. For months, gold has been moving ar
Since I began writing this column a few weeks ago, we have been expecting the gold and silver Commitments of Traders (CoT) data to complete a trend to a bullish risk vs. reward setup, while expecting a seasonal rally in the metals and miners. So far, so good. Las
Gold is now completing a pattern which repeats over and over again throughout history. The pattern suggests that a critical low is forming, and that the price of gold is set to begin a new primary advancing trend in 2018. Note that we are not anticipating skyrock
Back in early 2016 as precious metals rebounded, our work showed that gold stocks were arguably the cheapest they had ever been. They had the worst 5-year and 10-year rolling performance ever, they were trading at potentially 40-year lows on a price to cash flow basis,
Anyone who follows gold with any regularity knows how important the price of the dollar is relative to the price of gold. If the dollar dips, it’s gold that benefits. But will the precious metal see a strong dollar in 2018, particularly as the Federal Reserve looks
First published on Sunday Dec 17 for members of ElliottWaveTrader.net:  The metals have been exhibiting as an actor in a soap opera would.  They have taken us to the edge of our emotions on each and every swing, as they take us to the edge of each of our s
As we close in on Christmas and the new year to follow, it’s only natural to look around at the prices in the economy and wonder how close they’ll end up being to their final 2017 performance. At the top of that list: our curiosity about gold, and whether or not the
How high can gold rally? To $1,270 - $1,290. That’s what we wrote on December 14. Stockcharts’ intraday high for yesterday’s session is $1,271.40, which means that our target area has already been reached. However, gold will remain in the target area even if the rally c

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