Gold News

More than two weeks ago, we described the very specific and very important pattern in the gold market, one of short- and medium-term importance. We wrote that the triangle apex pattern based on the intraday highs, pointed to a major reversal in the first half of March.
The past 18 months have been difficult for precious metals investors. If you had known Donald Trump would be elected and the US Dollar would soon begin a nearly 15% decline, you would have expected gold to blow past its 2016 high. You would have been shocked to see the
In the free analysis that we posted last Monday, we warned that Friday’s session was likely to be volatile and tricky. This seems to have indeed been the case for silver. The white metal declined early in the day only to rally almost 40 cents from the initial low. In ou
We have repeatedly noted that gold and especially the gold stock sector are dependent upon a counter-cyclical risk ‘off’ backdrop for the best of any bull phase that may be out ahead. Since mid-2016 the macro backdrop has been anything but risk ‘off’. Not coincident
The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the go
Taking profits on our short positions and closing them on Thursday turned out to be a good idea. Gold, silver and – on an intraday basis – mining stocks moved higher on Friday, while the USD Index declined. But, is the rally over after just one day? Not likely – gold’s
Last week we discussed the reasons that the gold sector is not a ‘buy’ during inflationary phases where risk ‘on’ items from commodities to emerging markets to broad stock markets are also rising with the inflationary tide. With a recent tamping down of inflation si
Gold is hated by governments around the world because it reveals their deceitful actions in totally destroying the economy. It is not an accident that gold is the only money which has survived for 6,000 years. Gold is the only money that tells the truth. And gold is nat
Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhat
The previous week was quite rich in important events. Silver rallied significantly on Wednesday and mining stocks underperformed significantly on Thursday. Gold declined significantly after moving to the previous high, but without a breakdown to new 2018 lows the situat

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