Gold News

In our August 12th market update, we noted the slowing momentum in precious metals as the gold miners made a marginal high without metals. It appeared distribution was taking place throughout the mining sector into that August high and we subsequently issued a sell aler

The gold bull market is still very much intact. In fact, it appears that the all-time high could be taken out real soon. However, on the chart there is an obstacle that the gold price has to overcome. Another failure at this obstacle, and we could have a bigger d

Gold continues to remain oversold on a short-term basis. Consequently, our algorithm is still looking for a bounce over the coming weeks to relieve this oversold condition. Although we are still forecasting a final low in mid-2017, any bounce we do get should only l

There’s no doubt gold has had a good run in 2016. Its recent selloff has caused it to give up most of its post-Brexit gain. Still, the yellow metal is up nearly 20% on the year. Moreover, a new buying opportunity may be on the horizon. Concerns about another Fed