Gold Forecast

Latest Gold Forecast Articles

Gold has finally broken out of a simple yet powerful technical boundary – the declining linear trendline which defined the 2011 – 2017 period in precious metals prices. The ramifications for this breakout are significant and we expect higher gold prices are in store for
In a previous article, I have shown how economic conditions, today, appear very similar to that of the early 80s (circa 1983). These similar conditions show up on the long-term gold and Dow charts, as shown in that article. Now, if those similarities continue, th
Gold prices had a solid week rising 2.4% on fears of a potential armed conflict between the United States and North Korea. The move brought the precious metal within spitting distance of its 2017 highs set in early June. As much as we like gold, this presents us
Forecasting the price of gold can be a bit like forecasting the weather. Though we might know some broad strokes about what might happen on a long-term basis (say, the changing of the seasons)—it’s hard to predict where the price of gold will fall on any particular
Yesterday saw some mixed results on Wall Street—although the Dow Jones was up, there was a big dropoff for a monster of a company as Amazon’s quarterly earnings dropped 77%. The S&P and NASDAQ markets also fell. Meanwhile, our favorite precious metal decreased s
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
On the heels of the Federal Reserve’s most recent ¼ point interest rate hike on Wednesday, gold and the precious metals complex have seen a negative bearish reversal that deserves caution over the short and intermediate term. Fundamentally, the interest rate hike
If the last few years have revealed any truth about gold, it’s that the yellow metal is resilient. Though recent memory had prices in just triple digits, it’s been above $1,000 for so long now that it seems as if the price will never look back. But with a dip in pre
June, like so many months out of this year, has been a month full of headlines pointing in many directions for the economy. With gold slipping this morning about 15 points or so and stocks rebounding late in the week, the gains for precious metals have tapered off a
Gold prices had a strong close last week, finishing higher by 2.1% or $26, to close at $1,253 as of the final trade on the New York COMEX on Friday afternoon. Even so, the price action continues to remain consolidative in nature. This is where we must remain steadfas

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