Gold News

We have been noting that as the gold price remained in its gentle daily uptrend its Commitments of Traders (CoT) situation had not been optimal where defining a new bull phase was concerned. Last week, as gold was rising fairly sharply the CoT became sharply less co
Last week we noted that gold’s quarterly close would be a key marker for gold’s immediate breakout potential. Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz. Hence, an imminent break
Gold has been a part of the human story since the dawn of civilization. One part store of wealth, one part ornament, and one part modern technology, gold stands at the crossroads of multiple financial, religious, and industrial trends. What actually drives the pr
Is this it? Is the bull market finished and the good times over? Well, they could very well be. We are looking at a world which is rotten to the core, a world which is built on debt which will never be repaid. And a debt which is artificially supporting $100s of trillio
“Some things never change. Some things do.” You might be wondering why we are quoting one of the lines from the Matrix movie. The reason is because that’s exactly what we can say about the gold market and the price patterns in it. The thing that never changes is the fac
Last week Gold continued its grinding trend toward a favorable alignment in its Commitments of Traders (CoT), as large Specs got less long and Commercials less short. This is not an outstanding configuration but when considering the muted state of the little guy (small
Gold has firmed above $1300 in recent days and is holding comfortably above $1300 for now. We think the market will break to the upside sometime this year. The question is when. Here are 3 things to watch that will tell us if gold is on the cusp of that break-out soon o
Fake gold is now a growing problem in the US, which is not being tackled. Congressman Alex Mooney (not Money!) has just written to the US Mint of the growing problem of high-quality counterfeits. He also wrote a letter to the Mint in November 2017 but the Mint responded
Friday’s session in the precious metals sector was very exciting, but quite a few investors will want to agree to that, because the volatility wasn’t really big. But the dam is broken, and we saw several new cracks pointing to an incoming breakdown. It’s not the time to
Gambling is according to Wikipedia the wagering of money (or something of value) on an event with an uncertain outcome. Three elements are required for gambling, Consideration, chance, and prize. Thus, you make a bet and if you are lucky you win a prize but you can

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