Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Off, Stocks Up Headlines Asian stocks like President Trump’s delay of some China tariffs Crude Oil prices fall as China economic data disappoints Gold prices slip, President Trump’s trade concession boosts equities USD’s advance stalled as the sharp rise in US yields […]

Gold 1 OZ (XAU=X) notching a six-year high

Gold 1 OZ (XAU=X) notching a six-year high

Gold 1 OZ (XAU=X) notching a six-year high Technically, the gold bulls have the strong overall near-term technical advantage. A 10-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $1,600.00. Bears’ next near-term downside price breakout objective […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Off, Stocks Off Headlines Asian shares of on trade worries Crude Oil off despite supply/demand issues The Argentine Peso collapsed overnight Gold marked fresh news highs Gold: Gold prices marked their highest in more than 6 years Tuesday, as concerns around protests […]

Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further

Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further

Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further Goldman Sachs Group upgraded its gold forecast for the first time this year, upping its 3-month and 6-month projections to $1,575 and $1,600 an ounce in light of escalating trade war tensions. Gold prices were solidly above $1,500 an ounce on Monday […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Off, Crude Oil Off, Stocks Up Headlines Asian shares higher on China recovery, RM Yuan fixing Crude Oil off as demand outlook, trade dispute weigh Gold hanging near $1,500/oz on trade, recession concerns The .DXY, which tracks the Buck, Vs a basket of 6 […]

Gold 1 OZ (XAU=X) solid resistance at $1,550.00

Gold 1 OZ (XAU=X) solid resistance at $1,550.00

Gold 1 OZ (XAU=X) solid resistance at $1,550.00 Gold prices are higher in early U.S. trading Friday, as traders and investors are uneasy again, and looking to the safe-haven metals for cover. December gold futures were last up $3.70 an ounce at 1,513.30. September Comex silver prices were last up $0.059 at $16.995 an ounce. Technically, the gold bulls have […]

The Bull Run in Gold is Not Over, as the Market is Seeing a Natural Consolidation

The Bull Run in Gold is Not Over, as the Market is Seeing a Natural Consolidation

$XAU, $GLD, $USD Money manager, Jeffrey Gundlach predicts that gold’s price will continue North along with the run up in negative-yielding bonds. “At this point, I think the way to think about it is, as long as the volume of negative interest rate bonds outstanding increases, it’s quite likely that gold moves higher in a […]

Gold 1 OZ (XAU=X) solid technical resistance at $1,550.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,550.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,550.00 Technically, December gold futures prices closed nearer the session low. The bulls still have the strong overall near-term technical advantage. A nine-week-old uptrend is in place on the daily bar chart. There are still no early chart clues to suggest a market top is close at […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Off, Crude Oil Bounces, Stocks Rally Chicago Fed President Charles Evans signaled Wednesday he was open to lower rates to bolster inflation and counter risks to economic growth from trade tensions. Futures moved to price in a 100% probability of a Fed easing in September […]

“Gold’s Rally Above $1,500 oz is Just the Beginning”

“Gold’s Rally Above $1,500 oz is Just the Beginning”

$XAU, $GLD,$USD, $GS Analysts at Goldman Sachs (NYSE:GS) predict that gold prices already at 6-year highs will climb to $1,600 oz over the next 6 months as investors seek safe-havens. The dimming global economic outlook, driven by heightening trade tensions between the US and China are boosting gold’s appeal as a hedge against financial chaos. […]

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level Technically, December gold futures prices closed nearer the session high today. The bulls have the strong overall near-term technical advantage. A nine-week-old uptrend is in place on the daily bar chart. There are still no early chart clues to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Steady, Stocks Higher Headlines US-China trade dispute remains in focus Crude Oil prices steady Spot gold may test psyche resistance at $1,500 oz Calm returns to stock markets as RMB Yuan steadies Gold: Gold prices +1% Wednesday as investors to seek refuge […]

Uncertainty is Good for Gold

Uncertainty is Good for Gold

$XAU, $XAG, $GLD, $GDX, $GOLD, $NEW, $FNV, $AEM, $AU, $RGLD, $KGC, $GFI, $GDX, $GDXJ Investors buy gold for several reasons, but the Key 1 is geopolitical uncertainty, it is a powerful force when it comes to gold demand. With China devaluing its RMB Yuan and halting purchases of US agricultural products in response to President Trump’s additional […]

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war Gold prices near steady and pausing in early U.S. trading Tuesday, after scoring another six-year high in overnight dealings. Safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war. December gold futures were last […]

US Gold Futures Mark 3rd Gainer Running, at 6-year Highs, Bulls in Charge

US Gold Futures Mark 3rd Gainer Running, at 6-year Highs, Bulls in Charge

$XAUUSD, $XAU, $GLD, $GDX Tuesday, Gold prices fnished higher, marking a 3rd straight gainer a day after the precious Yellow metal extended its rally toward fresh 6 year highs. Gold for Dec delivery GCZ19, +0.68%  on COMEX rose $7.70, or 0.5%, to settle at $1,484.20 oz, after closing 1.3% higher Monday, extending its highest finish for a most-active […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Firm, USD Off, Crude Oil Up, Stocks Lower Headlines Crude Oil climbs on Short-covering, Us-China trade disputes caps gain Global Stock ‘rout’ deepens US labels China a currency manipulator paving the way for more sanctions Yuan off lows, JPY slumps as China struggles over currency policy Gold […]

No One Has a Straight Answer as to Why Gold is in a Strong Bull Market

No One Has a Straight Answer as to Why Gold is in a Strong Bull Market

$XAU, $GLD, $USD FLASH: The precious Yellow metal is now acting like the Key safe-haven from the world’s problems. Gold prices spiked Monday rising 1.5% to new 6-year highs. Gold is the play within the trade dispute between Presidents Trump and Xi. Gold risen 17% since the moment last December when President Trump declared, “I am a […]

President Trump Tweets, “China is a Currency Manipulator” and Stocks Dipped

President Trump Tweets, “China is a Currency Manipulator” and Stocks Dipped

$XAU, $GLD, $USD, $CHN Monday, President Trump Tweeted “China dropped the price of their currency to an almost a historic low. It is called “currency manipulation.” Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!” For equity investors all this does not augur well as uncertainty because of […]

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war Fear is surging through financial markets and investors are jumping into gold as the U.S.-China trade war has turned into a currency war. The next target for gold in this environment is clearly $1,500 an ounce, analysts […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Off, Stocks Lower Headlines Asia stocks hit 6-month low as investors flee to safety Futures are now pricing in deeper interest rate cuts than before last week’s Fed meeting. The terminal US rate is seen at 1.22%, 93 bpts below the current […]

Growth in Gold Discoveries Driven by Older Mining Deposits

Growth in Gold Discoveries Driven by Older Mining Deposits

$GLD, $XAU, $GOLD A major annual analysis of major gold discoveries yielded 278 deposits containing 2.16-B oz of gold discovered over the Y’s 1990-2018 frame, an increase from the 1.94-B oz in 263 deposits in the Y 2018 analysis. The discovery list increased by 15 deposits and 215.1-M oz of gold is heartening, by far […]

Gold’s Price Rallies to Record Highs in 73 Currencies

Gold’s Price Rallies to Record Highs in 73 Currencies

$XAU, $USD, $AUD, $CAD, $INR, $GBP Gold marked 6-year highs Friday as investors barged into the safe-haven metal on an escalating US-China trade dispute, and the prospects of a return to ultra-loose monetary policy by the Fed. Gold for delivery in December, the most active futures contract trading in New York, touched a high of […]

Gold Sentiment Traders are Net Long in Here

Gold Sentiment Traders are Net Long in Here

$XAU, $XAUUSD, $GLD FLASH: The Gold markets pulled back during the week, but then found enough support at the uptrend line of the ascending triangle to reverse and break above the Key $1450 mark Friday, US Gold futures settled near 6-year highs +1.8% at $1,457.50 oz, helped along by prospects of safe-haven investments,trade threats from […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Steady, Crude Oil Up, Stocks Lower Headlines President Trump’s new tariffs may set stage for more Fed rate cuts President Trump says it is up to China to deal with Hong Kong’s riots Crude Oil prices regain ground after overnight dive Gold will see a […]

World’s Central Bank Hungry for Gold, Demand at 3 Year Highs

World’s Central Bank Hungry for Gold, Demand at 3 Year Highs

$XAU, $GLD FLASH: Perfect environment to keep Gold above $1,400 oz The World’s central banks continued to buy gold in 1-H, helping drive demand to a 3-yr highs, according to the World Gold Council (WGC) Nations added 374.1 tonnes in the 1st 6 months as Russia and China kept building reserves and Poland made a […]

Gold 1 OZ (XAU=X) seeing some renewed interest

Gold 1 OZ (XAU=X) seeing some renewed interest

Gold 1 OZ (XAU=X) seeing some renewed interest The gold market is seeing some renewed interest and is close to unchanged on the day as President Donald Trump fires another salvo in the U.S. trade war with China. Gold price were in solidly negative territory but has cut its losses in initial reaction to the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dipped, USD Up, Crude Oil Off, Stocks Lower Headlines USD up as lengthy Fed easing uncertain and BREXIT pains deepens. Crude Oil slips 1% after Fed disappoints, US Crude Oil output rises. Gold dipped to 2-wk lows on Fed uncertainty about more rate cuts. Asian shares fall, […]

Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years

Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years

Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years Gold prices are trading near steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years. The yellow metal dropped to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Unch, USD Firm, Crude Oil Up, Stocks Lower Headlines Asian shares at 6-week lows on trade worry Gold prices hold steady ahead of Fed’s rate announcement Crude Oil gains for a 5th day running after US stockpile drop  .DXY held firm Wednesday, as a wait-and-see mood prevailed. […]

Gold After The Fed, There is Comfort in Conflict

Gold After The Fed, There is Comfort in Conflict

$GLD $XAU  FLASH: Gold Bugs are betting there is more to the precious Yellow metal’s rally than interest rates. Gold is on its way to a 3rd straight monthly gainer, trading near 6-year highs as central banks signal easier monetary policy. The Fed is expected to cut U.S. interest rates by a Quarter point Wednesday. […]

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40 Technically, August gold futures prices closed near the session high. The bulls have the firm overall near-term technical advantage and are keeping in place a two-month-old uptrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to […]

Mark Zuckerberg Takes a Shot at the Fed’s Relevance

Mark Zuckerberg Takes a Shot at the Fed’s Relevance

$FB, $USO, $XAU, $XAG, $USD, $JPY, $EUR President Trump gives his voice to increasingly public impatience with what we analysts call macro-economics. The Fed targets 2% inflation as a compromise between accomplishing strong growth and stable prices. Since the Y 2008 financial crisis, whether unemployment was 10% or less than 4%, no matter how high or low […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Higher Headlines Asia stocks gain ahead of Fed, GBP pressured by BREXIT uncertainty, Crude Oil prices rise on expectations Fed will cut rates, Gold slips as USD climbs. Gold: Gold prices dipped Tuesday as USD rose to 2-month highs, while […]

Gold is ‘The Defense’ Vs Falling USD and Recession

Gold is ‘The Defense’ Vs Falling USD and Recession

$GLD, $GDX, $XAU, $USD FLASH: Gold is in Vogue while this new fresh wave of monetary easing blows a bubble in risk assets, aka “always take what the market gives” Note: On 26 July, the European Central Bank (ECB) made an announcement that could have an impact of future gold prices. According to Reuters, European […]

Gold 1 OZ (XAU=X) treading water just ahead of big U.S. economic events

Gold 1 OZ (XAU=X) treading water just ahead of big U.S. economic events

Gold 1 OZ (XAU=X) treading water just ahead of big U.S. economic events Gold prices are slightly higher in early U.S. trading Monday. The yellow metal and the silver market are treading water just ahead of big U.S. economic events happening as the week progresses. August gold futures were last up $0.80 an ounce at 1,420.10. September Comex silver prices […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up USD Up, Crude Oil Down, Stocks Lower Headlines Crude Oil falls on growth outlook concerns and positive news on Iran A Fed interest rate cut a certainty Asian shares drift lower, trade talks loom Gold rises as markets awaits Fed meeting Gold: Gold prices gained Monday […]

Gold 1 OZ (XAU=X) trade cautiously lower as selloff may accelerate

Gold 1 OZ (XAU=X) trade cautiously lower as selloff may accelerate

Gold 1 OZ (XAU=X) trade cautiously lower as selloff may accelerate Gold prices traded cautiously lower this past week, making for the worst performance over the course of 5 days since the first week of July. While progress was very gradual, there were a couple of notable technical developments. Together, these threaten the precious metal’s rise […]

Gold Gained Friday as US Inflation Offset GDP Data

Gold Gained Friday as US Inflation Offset GDP Data

$GLD, $XAU Gold prices rose Friday, after slipping to more than 1-week lows in the prior session, as soft US inflation numbers offset better-than-expected Q-2 economic growth that kept bets alive for an interest rate cut next week. Spot gold was last seen up 0.4% at $1,419.10 oz Friday, but still on track for the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up USD Up, Crude Oil Up, Stocks Down Headlines Crude Oil prices up as geopolitical tensions counter sluggish demand, Asian shares slide as ECB holds off easing, earnings mixed, Gold up on rate-cut bets; focus on US GDP data Gold: Gold prices steadied Friday after touching a […]

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40 Technically, August gold futures prices closed near mid-range again today. The bulls have the firm overall near-term technical advantage and are keeping in place a two-month-old uptrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Flat USD Up, Crude Oil Up, Stocks Up Headlines Asian shares tick higher, euro near 2-month lows before ECB decision Crude Oil advances on Gulf tensions, but demand concerns cap gainers Gold steadies ahead of ECB decision; firm USD caps appeal Fed to cut rates for […]

Gold 1 OZ (XAU=X) solid resistance at $1,500.00

Gold 1 OZ (XAU=X) solid resistance at $1,500.00

Gold 1 OZ (XAU=X) solid resistance at $1,500.00 Technically, the gold bulls still have the solid overall near-term technical advantage. A two-month-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $1,500.00. Bears’ next near-term downside price breakout […]

Gold 1 OZ (XAU=X) price testing wedge-break, trend-line

Gold 1 OZ (XAU=X) price testing wedge-break, trend-line

Gold 1 OZ (XAU=X) price testing wedge-break, trend-line Last week, gold broke out of a multi-week consolidation wedge and looked poised to continue a bit higher following the breakout, but right now we are seeing the initial leg higher wiped away and price working back towards falling inside the wedge. The top-side trend-line of the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Up, Stocks Up Note: Sterling was off Tuesday as investors worried Boris Johnson, the frontrunner to become the UK’s next Prime Minister, would trigger a “hard BREXIT” from the EU, seen as a risk for the British economy. Further, currency-market focus will […]

Gold 1 OZ (XAU=X) resistance at $1,454.40

Gold 1 OZ (XAU=X) resistance at $1,454.40

Gold 1 OZ (XAU=X) resistance at $1,454.40 Technically, August gold futures prices closed near mid-range. The bulls still have the solid overall near-term technical advantage and are keeping in place a two-month-old uptrend on the daily bar chart. Prices last Friday hit a six-year high. Gold bulls’ next upside near-term price breakout objective is to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Down Note: Geopolitical fears were dominated by confrontation in the Crude Oil trade’s most important waterway escalating, with footage showing the Iranian military defying a British warship when it seized a tanker in the Strait of Hormuz Friday. Priced-in forecasts […]

Gold,Gold Mining Stocks Are Appealing In Here

Gold,Gold Mining Stocks Are Appealing In Here

$GOLD, $NEM, $XAU, $GDX, $NUGT, $GLD, $USD FLASH: Gold prices are up, Bullion and Miners are in favor, here is why. Gold prices hit their highest marks since Y 2013 this past week, an indication that investors increasingly view the precious Yellow metal as a good alternative to paper money and government bonds at a […]

Gold 1 OZ (XAU=X) current levels need to be consolidated before the next leg higher

Gold 1 OZ (XAU=X) current levels need to be consolidated before the next leg higher

Gold 1 OZ (XAU=X) current levels need to be consolidated before the next leg higher I remain bullish for gold in the short-term although current levels need to be consolidated before the next leg higher. The fundamental backdrop for the precious remains positive, with the latest boost coming from dovish commentary from NY Fed vice […]

People are Asking, Will the Gold Miners Soar in 2-H of this Year?

People are Asking, Will the Gold Miners Soar in 2-H of this Year?

$GOLD, $NEM, $XAU, $GDX, $NUGT, $GLD, $USD FLASH: Gold prices have reversed to the Northside in the last several weeks. The SPDR Gold Shares ETF (GLD) gained 8.0% in June, higher than the gainers of 6.4% and 7.1%, respectively, in the S&P 500 and the DJIA. The VanEck Vectors Gold Miners ETF (GDX) amplified the […]

Gold in Rally Mode, Investment Strategy

Gold in Rally Mode, Investment Strategy

$XAU, $GLD, $GOLD, $NEM, $USD FLASH: The prospects of the Fed cutting interest rates to near Zero this year has gold rallying to 6 year highs. Institutional investors like gold as a hedge against uncertain times, as gold has held value over centuries. The Big Q1: But does it make sense for individual investors? Here […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Spiked, USD Steady, Crude Oil Up, Stocks Up Note: Friday is options expiry in the US, volatile: maybe, maybe not. The Buck steadied Friday, but was still on the defensive after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address weakening price […]

Gold 1 OZ (XAU=X) solid resistance at $1,442.90

Gold 1 OZ (XAU=X) solid resistance at $1,442.90

Gold 1 OZ (XAU=X) solid resistance at $1,442.90 Technically, the gold bulls have the solid overall near-term technical advantage. A seven-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at the June high of $1,442.90. Bears’ next near-term […]

Gold Needs Something Special to Power Through the Key Resistance

Gold Needs Something Special to Power Through the Key Resistance

$XAU $GLD August Gold gaped higher early Thursday, then faded finishing at, + $5.05 higher +0.4 % at $1427.85 oz Not a surprise because because of the resistance in here, so, it is going to take something special to power this market higher. Gold looks to be consolidating to build up enough pressure to finally break […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Firm, Crude Oil Up, Stocks Off Notes: The International Monetary Fund (IMF) Wednesday said the dollar was overvalued by 6% to 12%, based on near-term economic fundamentals. With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched […]

Survivor Guide “Buy Gold on Paradigm Shift in Global Markets”

Survivor Guide “Buy Gold on Paradigm Shift in Global Markets”

$DIA, $SPY, $QQQ, $RUTX, $XAU, $GLD, $VXX Billionaire Investment Guru, Ray Dalio thinks the current era of low interest rates and QE may be coming to an end, and his answer to a new market paradigm that could see escalating conflict between capitalists and socialists is simple, Buy Gold. “I believe that it would be […]

Gold 1 OZ (XAU=X) scores a bullish “outside day” up on the daily bar chart

Gold 1 OZ (XAU=X) scores a bullish “outside day” up on the daily bar chart

Gold 1 OZ (XAU=X) scores a bullish “outside day” up on the daily bar chart Technically, the gold bulls have the firm overall near-term technical advantage. Prices today scored a bullish “outside day” up on the daily bar chart. A seven-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Firm, Crude Oil Up, Stocks Mixed Notes: With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched out arguments Tuesday on how deep the cut should be, even as a 3rd said she needs more data before […]

Gold 1 OZ (XAU=X) firm overall near-term technical advantage

Gold 1 OZ (XAU=X) firm overall near-term technical advantage

Gold 1 OZ (XAU=X) firm overall near-term technical advantage Technically, August gold futures prices closed nearer the session low. The bulls still have the firm overall near-term technical advantage and are keeping in place a seven-week-old uptrend in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce […]

Gold Dipped on Mixed Economic Data

Gold Dipped on Mixed Economic Data

$GLD, $XAU, $USD Gold prices turned lower Tuesday after a strong retail sales reading sparked buying interest in the USD and pushed Treasury yields higher. Retail sales gained 0.4% in June, outpacing consensus forecasts for a meager 0.1% advance, the positive reading pushed the .DXY and bond yields higher. The USD-denominated precious Yellow metal reacts negatively […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Unch, Crude Oil Off, Stocks Mixed Notes: Most Asian stock markets rose Monday, but gains were limited as investors awaited US retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely US rate cut later […]

Gold’s Price: The Bulls Vs The Bears

Gold’s Price: The Bulls Vs The Bears

$GLD, $XAU Gold’s market remains inside its 11 July range for a 2nd session, which suggests investor indecision and impending volatility. The lack of movement in the USD and Treasury yields is helping to contribute to the tight trading range. Tuesday, August COMEX gold is trading at: 1,416.50, +3.00 (+0.21%), as of 1:37a EDT, the market […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Firm, Crude Oil Off, Stocks Up Notes: China’s economic growth slowed to 6.2% in Q-2, its weakest pace in 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. EU foreign ministers will seek to figure out how […]

Gold: What I See and What is Ahead

Gold: What I See and What is Ahead

$GLD, $XAU A strong 6-week rally in gold stocks and related ETF SPDR Gold Trust(NYSEARCA:GLD) hit a wall 3 weeks ago, but reversed. Because the Fed is happy with where interest rates are now, and the strong June jobs report has dampened inflation worries for now, signaling interest rates will be cut. Before concluding that […]

Gold is in a New Bull Market

Gold is in a New Bull Market

$GLD, $XAU, $USD The price of gold has gained 10% to $1412.35 YTD, and my work projects the precious Yellow metal will move much higher from current marks as it enters this new Bull market. The fundamentals and technicals are aligned for gold to maintain its upward trend in the months ahead. Gold stocks are […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Up, Stocks Mixed Notes: Friday, China will release trade data for June, with analysts expecting exports to have fallen as weakening global demand and a sharp hike in US tariffs took a heavier toll on the world’s largest trading nation. OPEC Thursday […]

Gold 1 OZ (XAU=X) prices glitter after Powell comments

Gold 1 OZ (XAU=X) prices glitter after Powell comments

Gold 1 OZ (XAU=X) prices glitter after Powell comments Gold bulls posed another topside push yesterday on the heels of some dovish comments from FOMC Chair, Jerome Powell. This helped Gold prices to push back above the 1400 marker after a two-week pullback from the fresh six-year-highs that were set in late-June. Yesterday’s risk rally was fairly wide-spread, […]

 Asia: Gold, USD, Crude Oil, Stocks & Commodities

 Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off Crude Oil Up, Stocks Up Notes: Tensions have been high in the Middle East after attacks on tankers and the downing of a US drone by Iran last month, following President Trump’s withdrawal from a multi-party agreement with Tehran to end its nuclear program. […]

Gold 1 OZ (XAU=X) Powell cited several concerns regarding the U.S. economy that traders are deeming dovish on monetary policy

Gold 1 OZ (XAU=X) Powell cited several concerns regarding the U.S. economy that traders are deeming dovish on monetary policy

Gold 1 OZ (XAU=X) Powell cited several concerns regarding the U.S. economy that traders are deeming dovish on monetary policy Gold prices are solidly higher and near daily highs in early U.S. trading Wednesday, following the just-released prepared text from Federal Reserve Chairman Jerome Powell for his speech to the U.S. House of Representatives. Powell cited […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Up, Stocks Mixed Notes: OPEC and allied producers led by Russia agreed last week to extend their supply-cutting deal until March 2020. Brent has risen nearly 20% in Y 2019, supported by the pact and tensions in the Middle East, especially the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Off, Stocks Lower Notes: BoE Governor Mark Carney has said a global trade war and a no-deal BREXIT were growing risks to Britain’s economy, which might need more help to cope with a downturn. That prompted investors to increase their bets on […]

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage Gold prices are moderately higher in early U.S. trading Monday. Trading has been choppy at higher levels recently, but the bulls still have the firm overall near-term technical advantage, and that continues to invite the chart-based traders to the long side of the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

FLASH: Gold Down, USD Up, Crude Oil Flat, Stocks Lower Notes: White House Economic advisor Larry Kudlow has confirmed top representatives from the United States and China will meet in the coming week to continue trade talks. Iran said Sunday it will shortly boost its uranium enrichment above a cap set by a landmark Y 2015 nuclear […]

Campaign to Reinstate the Gold Standard in US Gathering Momentum

Campaign to Reinstate the Gold Standard in US Gathering Momentum

$XAU, $GLD, $USD The once-fringe fantasy of a return to the gold standard is creeping back into the mainstream. It has long been dismissed as a fool’s errand, on par with abandoning the Federal Reserve and other trappings of the modern economy. Mainstream economists deride it almost without exception. Reintroducing the gold standard would “be a disaster […]

“Gold is Money, Everything Else is Credit”

“Gold is Money, Everything Else is Credit”

$XAU, $XAG, $GLD, $USD The economist John Maynard Keynes called gold a “barbarous relic”, suggesting that its usefulness as money is an artifact of the past. In an era filled with cashless transactions and hundreds of cryptocurrencies, this statement seems truer today than in Keynes’ time. But, gold also possesses elemental properties that has made […]

Every Portfolio Needs at Least 10% of Gold

Every Portfolio Needs at Least 10% of Gold

$XAU, $GLD, $USD, $EUR Shayne and I see gold testing to $1384ish and then setting up to drive North, potentially topping $1,500 oz, as interest rates head lower, central banks extend purchases, and uncertainty surrounding geopolitics and cryptocurrencies fans demand. Gold on the COMEX finished -1.4% to $1400.95 oz. “I love gold,” said Mark Mobius, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: The market’s focus is Friday’s US NFPs for June, which economists expect to have risen by 160,000 in June, compared with 75,000 in May. USD firm on Friday but traders held off on making big bets ahead of the closely-watched US NFPs report that could influence […]

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide?

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide?

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide? Can a rush into gold be a precursor to more negative-yielding debt worldwide? Wells Fargo asks this question in the latest note to clients as the bank views gold as overvalued at above the $1,400 an ounce level. Gold […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

All US financial markets are closed Thursday for Independence Day FLASH: Gold Down, USD Flat, Crude Oil Down, Stocks Up Notes: Top representatives of the United States and China are organizing a resumption of talks for next week to try to resolve a year-long trade dispute between the world’s 2 largest economies, Trump Administration officials said Wednesday […]

Gold (XAU) Seen Ready for More Gains

Gold (XAU) Seen Ready for More Gains

$XAU, $XAG, $GLD, $SLV, $USD Gold tested the at 1,440 again Wednesday as investors are digesting central banks related banks in Europe and the United States. Investors are waiting for Friday US NFPs report. The ECB is looking for a replacement of its President Mario Draghi, with IMF chief Christine Lagarde as a firm candidate […]

New Gold Abundant in Old Gold Mines

New Gold Abundant in Old Gold Mines

$XAU, $XAG, $GLD In Y 1848, the discovery of a gold nugget in northern California sparked the California Gold Rush, the largest mass migration in US history. Tens of thousands of 49’rs flooded the area to pan for gold. This period gave rise to the popular expression, “Mother Lode,” which is sometimes thought to mean […]

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand Gold prices are solidly higher in early U.S. trading Wednesday, with prices overnight coming close to taking out the recent six-year high. Gold is seeing some renewed safe-haven demand, fresh chart-based buying and support coming from ongoing notions of easier central bank monetary policies. August […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY Wednesday, the US financial markets are shortened, and all US financial markets are closed Thursday for Independence Day FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: Bank of England Governor Mark Carney on Tuesday flagged uncertainties stemming from trade disputes and Britain’s departure from the EU […]

Investing in Gold, We Like Miners and Royalty Streamers

Investing in Gold, We Like Miners and Royalty Streamers

$XAU, $XAG, $GLD, $SLV, $GOLD, $MTAFF For millennia man has looked at gold as a store is value. And now when the economy is questionable and when the stock market is volatile, many investors turn to gold as a safe-haven and portfolio insurance. So, if gold is on your mind now, check your goals and long-term […]

Gold 1 OZ (XAU=X) seeing some renewed demand from traders

Gold 1 OZ (XAU=X) seeing some renewed demand from traders

Gold 1 OZ (XAU=X) seeing some renewed demand from traders Gold prices are moderately higher in early U.S. trading Tuesday. The safe-haven metal is seeing some renewed demand from traders and investors as their overall risk appetite is less robust than that which was seen on Monday. August gold futures were last up $5.10 an ounce at 1,394.40. September […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Up, Crude Oil Down, Stocks Mixed Notes: President Trump said Monday that any trade deal with China would need to be “somewhat tilted” in favor of the United States. The US government also threatened tariffs on $4-B of additional EU goods in a long-running dispute […]

Gold Trading By the Experts

Gold Trading By the Experts

$GLD, $XAU, $USD FLASH: Expert traders use a combination of technical analysis, sentiment analysis and fundamental analysis to determine the future price of gold. The experts gold traders use several technical, fundamental and sentiment indicators to determine the future direction of the yellow metal. Gold is viewed as both a commodity and a currency. Gold […]