Gold News

After the Dow Jones Industrial Average went high over the past few weeks, there has been pessimism in precious metals. Now we see that gold is hitting a three-week low as of yesterday, putting it in the mid-$1,200’s per troy ounce. Is this just a temporary setback t
Last week was a busy time for central banks. In particular, the European Central Bank released its most recent monetary policy statement. What does it imply for the gold market? Riksbank Keeps Rates Steady, but Expands QE On Thursday, three major central banks
To ride a bull market is like climbing a wall of worry. Most of the time the market seems to be consolidating or correcting. The bull market in gold fits that picture perfectly. It started in 1999 at $250 but very few got in at the very bottom. We entered the market in
When forecasting the price of anything, there can be some inherent bias depending on when you forecast from. When gold is riding high, it’s tempting to see optimism—when gold is riding low, it’s tempting to look the other way. There’s no question that this week up u
It’s no secret that the stock market is having an ambitious week. The NASDAQ went over 6,000 points this week as the Dow Jones Industrial Average put up extremely healthy numbers. And as many gold and silver investors know, this kind of optimism in stocks usually me
First published on Saturday April 22 for members of ElliottWaveTrader.net:   With the GDX breaking below the 24 level this past week, it has strongly suggested that it is not yet ready for a parabolic run.   And, as I noted during the mid-we
It is increasingly clear that events beyond the United States borders will play an important role in defining the trends over the next few weeks for the precious metals and currency markets. Of course, the international perspective is a critical component of the
Macron will face Le Pen in the second round of the French presidential election. What does it mean for the gold market? Initial Results According to the initial results, centrist Emmanuel Macron and nationalistic Marine Le Pen will fight for the French preside
How can ordinary people ever understand the importance of gold when they are continuously fed with false and distorted facts. The latest publication to publish false and ignorant propaganda on gold is the British weekly magazine the Economist. The article begins with a
In my last missive, I presented our medium-term Gold Forecast. Cycle conditions suggested that a top was at hand. Geopolitical events (Syrian missile strikes and North Korea) extended the rallies in gold and oil an additional week. Prices topped, consequently our fo

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