Gold News

There are lies, damned lies and news, to paraphrase British Prime Minister Disraeli who said: “There are lies, damned lies and statistics. Today we are fed with lies ubiquitously in the form of news and most people who just follow conventional media are totally unaware
First published on Saturday April 8 for members of   I have read in many places on the Internet that the metals have certainly broken out.  But, as you know, I am not quite convinced.  Now, that does not mean I am bear
It’s not often in this space that we can report big spikes in the price of gold—or big movements in that price in either direction. But this has been no ordinary week in the news: US actions in Syria have raised tensions in the Middle-East—and if there’s anything that t
Several things happened on Friday and the markets reacted to them, so it’s not easy to interpret the final outcome. Was the reversal bearish or was the session bullish as gold didn’t decline substantially even though the USD rallied? Was gold’s reaction adequate, too sm
This report will cover our medium-term outlook for precious metals as well as gold’s longer-term forecast. Our analysis suggests metals and miners probably topped last Friday. If correct, prices should drop for the remainder of April and into May. We will monitor
The surge above $1,265 for gold in the wake of the US retaliation against Syria, yet its failure to hold this level by Friday’s close, constitutes a “false breakout” in our technical work. False breakouts occur when an important resistance level is breached momentarily,
The US economy added only 98,000 jobs in March. What does it mean for the gold market? Job Gains Disappoint In March The total nonfarm payrol employment increased just 98,000 in March, following a jump of 219,000 in February, according to the U.S. Bureau of La
Precious metals ended a quiet week with quite a reversal. Gold surged above its 200-day moving average for the first time since November, only to lose the gains and then close below the 200-day moving average. Silver was already trading above its 200-day moving average
Last week saw us forecast the price of gold for the entire quarter. But long-term trends can be tricky. To get a read on gold’s true position, let’s zoom in and see what news headlines in April could potentially send gold heading north or south—and which headlines i
As we approach the beginning of the greatest wealth destruction in history, it is an absolute certainty that no one will escape the suffering that will be brought upon the world. The ones who will suffer the least financially are of course the poorest since they have ve