Gold Price Breaks Above Neutral, Settles Above $1,800 oz

Gold Price Breaks Above Neutral, Settles Above  $1,800 oz

#Gold #XAU #GLD #HUI #WGC #bullion #precious #metal #asset #USD C19cronavirus #China #HeffCap #inflation $XAU $GLD $USD The price of gold has risen above the 1,800 psych mark Spot gold up 17% in the 1st 6 months of Y 2020 Gold ETF net inflows in i-H of Y 2020 exceeds full year record set in […]

Gold Price Tops $1,800 oz, Posting its Best Quarter in 4 yrs

Gold Price Tops $1,800 oz, Posting its Best Quarter in 4 yrs

#gold #COMEX #coronavirus #bullion #metal #inflation #HefCap #Fed $XAU $GLD Gold futures rose above 1,800 oz for the 1st time in more than 8 yrs as low interest rates, China tensions and virus chaos are driving demand for the precious Yellow metal as a safe-haven. Bullion for August delivery rose as much as 1.3% to […]

Weibo Corporation (Nasdaq:WB) Will Beef Up Balance Sheet with Goldman Sachs

Weibo Corporation (Nasdaq:WB) Will Beef Up Balance Sheet with Goldman Sachs

Weibo Corporation (“Weibo” or the “Company”) (Nasdaq: WB), a leading social media in China, today announced that it has filed a preliminary prospectus supplement with the United States Securities and Exchange Commission (the “SEC”) under an automatic shelf registration statement on Form F-3, pursuant to which the Company proposes to sell senior notes. The Company […]

Gold Bugs Should Prepare for ‘All Evils’

Gold Bugs Should Prepare for ‘All Evils’

$XAU $GLD $USD The Latin phrase Premeditatio Malorum tells us to prepare for all evils, and that means to prepare investment portfolios for all risks. It may take more time than most expect for the world economy to recover from the psychological and financial impacts of The China Virus chaos. But what that chaos proved was that […]

Is It Worth It To Invest In Gold In Today’s Market Setting? Yes!

Is It Worth It To Invest In Gold In Today’s Market Setting?  Yes!

Bond yields and stock prices have started plunging as financial markets worldwide rocked due to fears of the coronavirus pandemic’s impact on the global economy. It’s not only Covid-19, but also other issues the world is facing this year that affect today’s market. The continued spread of the contagion and economic pressure have a high […]

Gold is Undervalued, Balanced Portfolios Should Own Some, Some Silver Too

Gold is Undervalued, Balanced Portfolios Should Own Some, Some Silver Too

$XAU $GLD $XAG $SLV $USD $GS Goldie raises 12-month gold forecast by 11% to $2,000 oz; Silver’s 12-month forecast at $22 oz Gold prices are likely to reach $2,000 oz in 12 months on the back of low real interest rates and concerns over currency debasement, even as developed markets emerge from C-19 coronavirus chaos […]

Gold ETFs Amass $34-B of Gold in 5 Months, More Than Any Full Year

Gold ETFs Amass $34-B of Gold in 5 Months, More Than Any Full Year

$XAU $GLD Gold backed ETFs added 623 tonnes of the precious Yellow metal worth $34-B to their stockpile from January to May, exceeding in 5 months every full-year increase on record, the World Gold Council (WGC) said Thursday. In May alone, the increase was 154 tonnes, it said. Many investors think gold is likely to […]

Uncertainty Driving Gold Price North

Uncertainty Driving Gold Price North

$XAU $GLD Gold prices rose Monday as riots in major US cities concerned investors already reeling from strained US-China ties and boosted the demand for the safe-haven precious Yellow metal, with a weaker dollar lending further support. Spot gold gained 0.9% at 1,741.61 oz by 0509 GMT. US gold futures was up 0.3% to 1,757.50. […]

Sitting on a Cash Pile? Black Gold Recovering Fast

$MPC What a difference a month makes, last month traders were paying buyer to take their speculative deliveries, Monday, the benchmark pricing for WTI Crude Oil finished at 33.10, up almost 14% from Friday’s close and rose again Tuesday. Oil traders are focused down the road, with futures markets for both overseas-benchmark Brent and WTI […]

Should I invest in Gold 1 OZ (XAU=X)?

Should I invest in Gold 1 OZ (XAU=X)?

Should I invest in Gold 1 OZ (XAU=X)? The price of gold has risen 20% year-to-date. Economic anxiety is running deep and financial systems are exceedingly fragile. This is boosting the price of gold to be the safe-haven asset to own. When the stock market crashed in March, the gold price also fell. This surprised […]

The C-19 Coronavirus Chaos and Gold

The C-19 Coronavirus Chaos and Gold

$XAU $GLD $VXX $USD The Big Q: How High is Too High for the precious Yellow metal? Q-1 of Y 2020 was positive for gold prices, as the chart below shows. The precious Yellow metal gained 6.2% from 31 December 2019 to 31 March 2020, moving from 1,515 to 1,609 oz. In April, gold rallied to 1,693, increasing […]

Newmont Corporation (NYSE:NEM) is Loving the Price of Gold

Newmont Corporation (NYSE:NEM) is Loving the Price of Gold

$NEM Newmont Corp. (NYSE:NEM): Deutsche Bank reiterated its Buy rating and raised its price target to 70 from 54. NEM has seen its shares surge since merging Newmont and Goldcorp to create the world’s Top gold-mining stock. With a market cap of $50-B, the company is loving the price of gold at near 10 yr […]

Gold 1 OZ (XAU=X) – Will Portfolios Become Shinier

Gold 1 OZ (XAU=X) – Will Portfolios Become Shinier

Gold 1 OZ (XAU=X) – Will Portfolios Become Shinier Gold is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Coins containing gold appeared around 800 B.C., and the first pure gold coins were struck during the rein of King Croesus of Lydia about […]

There Once Was the Gold Standard, Now it is Infinite Quantitative Easing

There Once Was the Gold Standard, Now it is Infinite Quantitative Easing

$GLD $XAU $USD The US once was on a gold standard. This meant people could exchange their Bucks for a fixed amount of gold. The US moved away from a strict gold standard in the 1930’s, and President Nixon abandoned it altogether in Y 1971. Since then, the USD has been a “fiat currency.” Meaning […]

Newmont Corp (NYSE:NEM) Profits Spike on Gold’s Price

Newmont Corp (NYSE:NEM) Profits Spike on Gold’s Price

$NEM Newmont Corp (NYSE:NEM) the world’s largest gold miner, posted a more than a 9X jump in Quarterly profit Tuesday buoyed by higher output mainly from its new Goldcorp assets and a surge in gold prices on a rise in safe-haven asset demand due to the C-19 coronavirus chaos. Net income attributable to shareholders rose […]

Top Gold Miner Stocks for 2020 + HeffX Gold Report

Top Gold Miner Stocks for 2020 + HeffX Gold Report

$GDX $GLD $XAU $GOLD $NEM $USD Gold is regarded as a safe-haven in times of market uncertinty, and it is Money. Investors can gain exposure to the gold industry by buying stocks of companies engaged in the exploration and mining of the precious Yellow metal. Some of the major players in the gold industry include mining companies […]

Heffx Gold Report

Heffx Gold Report

Gold ETFs saw the highest quarterly inflows for four years amid global uncertainty and financial market volatility. Holdings of these products reached a record high of 3,185t by the end of Q1. These investment inflows helped push the US dollar gold price to an eight-year high. Consequently, global gold demand in value terms reached US$55bn – the […]

Gold Finishes a Strong Month

Gold Finishes a Strong Month

$XAU $GLD Gold traded lower Thursday en route to its best month since Y 2016 on the massive amounts of stimulus from governments worldwide intended to stem the economic damage caused by the COVID-19 coronavirus outbreak. Bullion usually benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency […]

Gold Futures Off Ahead of FOMC Rate Decision

Gold Futures Off Ahead of FOMC Rate Decision

$XAU $GLD $XAG $SLV $USD Gold slipped for a 3rd day running as countries moves toward easing stay at home restrictions and reopening economies lessened desires for safe-haven assets. Spain announced loosening measures after Tuesday’s weekly cabinet meeting. France’s PM to present the blueprint for opening up to the National Assembly. Several US states have […]

Gold is Selling at a Premium to Retail Investors

Gold is Selling at a Premium to Retail Investors

$XAU $GLD Retail buyers for gold coins and bars are now paying a healthy premium per oz for the precious Yellow metal. Retail consumers who want to buy gold coins usually have to pay more than the per-ounce prices quoted on financial markets in London and New York. That premium has jumped to $135 oz, […]

Gold price high but miners say limited by COVID-19

Gold price high but miners say limited by COVID-19

Gold price high but miners say limited by COVID-19 Gold posted a two-sided trade last week before finishing higher. Selling pressure early in the week drove the market through the previous week’s low, but the comeback rally later in the week placed the market slightly below its seven year high at $1788.80. Short-term, the gold […]

“For every coin we mint, be it gold or silver, we could probably sell 5 or 6 of them,” the Perth Mint

“For every coin we mint, be it gold or silver, we could probably sell 5 or 6 of them,” the Perth Mint

$GLD $XAU $SLV $XAG $USD Australia’s largest gold refinery has ramped up production of 1 kilogram bars to ease the supply squeeze in the US that helped propel a surge in the premium for New York futures. The collapse in air travel that’s grounded passenger jets used to transport gold products and virus-related disruptions to some […]

Gold 1 OZ (XAU=X) Investors Aiming for Gold

Gold 1 OZ (XAU=X) Investors Aiming for Gold

Gold 1 OZ (XAU=X) Investors Aiming for Gold Gold edged lower on Thursday as investors booked profits from sharp gains in the previous session, but prices held above the $1,700 an ounce level on the promise of more U.S. stimulus measures to ease the economic blow from the coronavirus crisis. Shayne Heffernan Trade Idea “As […]

Gold, “If ever there was a time, Now is it…”

Gold, “If ever there was a time, Now is it…”

$XAU $GLD $USO $USD The gold market is holding its uptrend pattern in the 1,700 range, and it may stay that way for most of the year, as investors have yet to fully understand the impact central banks and government actions around the world will have on financial markets and inflation. From a gold investment […]

“The Fed Cannot Print Gold”, Prices Seen Higher

“The Fed Cannot Print Gold”, Prices Seen Higher

$XAU $GLD $BAC $USD Bank of America Corp. (NYSE:BAC) raised its 18-month gold-price target to 3,000 oz more than 50% above the existing price record in a report titled “The Fed Cannot Print Gold.” The bank increased its target from 2,000 previously, as policy makers across the globe open huge amounts of fiscal and monetary […]

The Price of Gold Vs The Price of Crude Oil

The Price of Gold Vs The Price of Crude Oil

$GLD $XAU $USO $OIL $USD At the moment, the sharp move down in Crude Oil is Bullish gold prices Monday will go down in the scrap books as a historic day for Crude Oil prices, but energy-exposed stocks did not collapse as some envisioned. The price on the futures contract for WTI Crude Oil that […]

Gold 1 OZ (XAU=X) demand in China continued to be in the doldrums

Gold 1 OZ (XAU=X) demand in China continued to be in the doldrums

Gold 1 OZ (XAU=X) demand in China continued to be in the doldrums Gold prices fell to a more than one-week low on Monday as the dollar firmed and as investors remained optimistic that the U.S. economy might reopen soon from lockdowns that were enforced to contain the novel coronavirus’ spread. Shayne Heffernan Trade Idea […]

Gold’s Price Target is Higher

Gold’s Price Target is Higher

$XAU $GLD $USD Gold traded just off 7-yr highs Thursday as investors bet the precious Yellow metal price would swell as the COVID-19 chaos reshapes financial markets. Futures for June delivery inched up 0.3% to 1,746 oz, holding just below their April high of 1,768. Gold is up 16% YTD, thanks to investors who view it as a […]

Gold 1 OZ (XAU=X) entering a new era of zero interest rate and devaluing currencies

Gold 1 OZ (XAU=X) entering a new era of zero interest rate and devaluing currencies

Gold 1 OZ (XAU=X) entering a new era of zero interest rate and devaluing currencies Gold futures gave up earlier gains to end lower on Thursday, pressured as the U.S. dollar strengthened in the wake of a surge in weekly U.S. jobless claims, which underlined the rapid deterioration in the economy from the COVID-19 pandemic. […]

Gold Up, Investors Seek Safe-havens

Gold Up, Investors Seek Safe-havens

$XAU $GLD Gold prices rose 1% Thursday as investors sought safe-havens after dour US economic reports exacerbated fears of a global recession amid central banks’ efforts to stem the financial rout from the coronavirus outbreak. Spot gold was up 0.9% at 1,730.49 oz by 1104 GMT, erasing losses driven by profit-taking and a stronger USD […]

Gold Will Rise in This Economic Atmosphere, Government Bonds Should be Disposed

Gold Will Rise in This Economic Atmosphere, Government Bonds Should be Disposed

$GLD, $XAU, $SPY, $USD Bridgewater Associates’ Ray Dalio, founder of the world’s largest hedge fund, said investors would be “crazy” to hold government bonds now because of money printing by central banks to rescue the global economy. “This period, like the 1930-45 period, is a period in which I think you’d be pretty crazy to […]

Gold 1 OZ (XAU=X) Prices Up as COVID-19 Economic Costs Rise

Gold 1 OZ (XAU=X) Prices Up as COVID-19 Economic Costs Rise

Gold 1 OZ (XAU=X) Prices Up as COVID-19 Economic Costs Rise Gold prices were up in Asia on Thursday as investors continue to calculate the economic damage from the COVID-19 pandemic. Gold futures were up by 0.33% at $1,745.70 by 9:37 PM ET (2:37 AM GMT) as the yellow metal attempted to claw back its losses from the previous session. Companies reported dismal numbers during what is turning out to be […]

Gold’s Rally Seeing 1,800 in Here

Gold’s Rally Seeing 1,800 in Here

$XAU $GLD Gold extended its strong rally to hit the highest mark in more than 7 years on concern that this health crisis will have a devastating effect on the global economy, hammering corporate earnings while driving demand for safe-havens. COMEX futures in New York moved closer to 1,800 oz, the mark last seen in […]

Gold 1 OZ (XAU=X) climbs to over 7-year high on coronavirus-led economic worries

Gold 1 OZ (XAU=X) climbs to over 7-year high on coronavirus-led economic worries

Gold 1 OZ (XAU=X) climbs to over 7-year high on coronavirus-led economic worries A slump in China’s exports is expected to have extended into March while a collapse in oil price likely deepened a decline in imports, a Reuters poll showed, as the virus cripples the global economy and overall demand. The U.S. Congress struggled […]

Gold 1 OZ (XAU=X) Scarcity Versus the Fed’s Printing Press

Gold 1 OZ (XAU=X) Scarcity Versus the Fed’s Printing Press

Gold 1 OZ (XAU=X) Scarcity Versus the Fed’s Printing Press Gold futures hit a seven-year high on Thursday as another week of massive filings for unemployment benefits and widespread measures by the U.S. Federal Reserve to reinforce the economy strengthened demand for the precious metal as an investment. The Fed announced as much as $2.3 […]

3 Top Gold Miners, All Strong Buys

3 Top Gold Miners, All Strong Buys

$GOLD, $BTG, $NEM In times of high volatility, precious metals see increased purchases as investors seek a safe-haven. Gold is the tradition safe-play, the place where savvy investors can put their money and watch it hold its value. With gold in a long term uptrend, stock investors are buying in to and they are doing […]

Gold ETF Assets Saw Their Largest ever Quarterly Gainer in Q-1 Y 2020

Gold ETF Assets Saw Their Largest ever Quarterly Gainer in Q-1 Y 2020

$GLD $XAU Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies. Flows in ETFs highlight short-term and long-term opinions and desires to holding gold. The data tracks gold held in physical form by open-ended ETFs and […]

Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond

Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond

Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond Gold markets have been relatively quiet during the trading session on Wednesday after peeking through the $1700 level on Tuesday. By given back gains the way the market has, it ended up forming the shooting star during the Tuesday session which in […]

Gold, “Buying at these marks is attractive to investors”

Gold, “Buying at these marks is attractive to investors”

$XAU $GLD Gold prices in Asia are trading lower Wednesday morning despite continuing economic uncertainty. The precious Yellow metal continued its losses from the previous session as gold futures were down 0.22% to 1,680 by 9:33 PM ET (2:33 AM GMT). Gold prices tend to move in the opposite direction from stocks, but the 2 moved in the same direction for the 2nd day running. Asian stock markets opened mixed Wednesday with some […]

Analysts forecast the Gold 1 OZ (XAU=X) to hit $1900 an ounce in weeks

Analysts forecast the Gold 1 OZ (XAU=X) to hit $1900 an ounce in weeks

Analysts forecast the Gold 1 OZ (XAU=X) to hit $1900 an ounce in weeks Gold futures rallied for the fifth consecutive day, surging above $1,700 an ounce to the highest since 2012, underpinned by ample liquidity in the wake of massive economic stimulus packages initiated worldwide to contain coronavirus epidemic as precious metals analysts forecast […]

Gold’s Rally Tightens the Physical Market

Gold’s Rally Tightens the Physical Market

$XAU $GLD $XAG $SLV $PLAT $USD $JPY $MTA Gold prices spiked up Monday, extending a 3-session rally Monday gold futures for delivery on the COMEX exchange were up nearly 3% or +47.60 at 1693.30 just shy of the intra-day high at 1695.90. That was the highest mark in 2 wks, in a rally driven by […]

Gold 1 OZ (XAU=X) likely to be determined by trader reaction to the downtrending Gann angle at $1667.80

Gold 1 OZ (XAU=X) likely to be determined by trader reaction to the downtrending Gann angle at $1667.80

Gold 1 OZ (XAU=X) likely to be determined by trader reaction to the downtrending Gann angle at $1667.80 Gold futures are trading at their highest level since March 26 shortly after the regular session opening on Monday. The move is being fueled by concerns over a global recession caused by the coronavirus pandemic. A relatively […]

Gold Bugs Welcome 2020

Gold Bugs Welcome 2020

$XAU $GLD $XAG $SLV $USD Welcome to Y 2020. As the COVID-19 coronavirus brings economies around the world to a standstill, gold is rivaling Treasuries and the Buck as the best-performing major asset so far this year. The precious Yellow metal proved its safe-haven status with a 6% rally as nearly $16-T was wiped off […]

Gold 1 OZ (XAU=X) could face additional selling pressure if employment data sours sentiment

Gold 1 OZ (XAU=X) could face additional selling pressure if employment data sours sentiment

Gold 1 OZ (XAU=X) could face additional selling pressure if employment data sours sentiment Gold prices could suffer after the minutes from the Federal Reserve’s emergency meeting on March 15 are released. That day, Chairman Jerome Powell announced that the central bank cut itstarget range for its benchmark Fed Funds interest rate to 0.00-0.25 percent. […]

Gold, the Safe-haven Investment Alternative

Gold, the Safe-haven Investment Alternative

$DIA $SPY $QQQ $RUTX $VXX $GLD $XAU $USD Gold Dealers Report Big Shortages of Small Bars and Coins Gold has been and is the traditional safe-haven of choice for investors looking to protect themselves against stock market dives. When Bear markets come on, gold often performs very well. Gold is off a bit this Spring, […]

Gold 1 OZ (XAU=X) Markets Gap And Go On Thursday

Gold 1 OZ (XAU=X) Markets Gap And Go On Thursday

Gold 1 OZ (XAU=X) Markets Gap And Go On Thursday Gold markets gapped to open up the session on Thursday and then shot straight up in the air. We reached towards the top of the bearish candle from Tuesday, but then pulled back slightly midday. Ultimately, this is a market that is probably being used for […]

Gold is the ‘Go To’ Asset in Times of Crisis

Gold is the ‘Go To’ Asset in Times of Crisis

$XAU $GLD Gold Dealers Report Big Shortages of Bars and Coins Most in Demand, as People Want to Buy Gold. Gold is seeking a steady mark for its next move North, as President Trump’s warning of a “very painful” time for the United States from the coronavirus and a fresh selloff on Wall Street sent […]

Gold 1 OZ (XAU=X) gains as virus-led economic concerns boost safety buying

Gold 1 OZ (XAU=X) gains as virus-led economic concerns boost safety buying

Gold 1 OZ (XAU=X) gains as virus-led economic concerns boost safety buying Gold prices firmed on Wednesday as investors sought safe-haven assets after sombre U.S. economic data exacerbated fears of an economic downturn amid increasing global restrictions and lockdowns to combat the coronavirus pandemic. Spot gold was up 0.9% at $1,585.08 an ounce by 11:02 […]

Gold Price Futures Technicals: Support and Resistance

Gold Price Futures Technicals: Support and Resistance

$GC $XAU $GLD Just in: Gold rose more than 1% Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at 1,592.83 per ounce by 0730 GMT, having slumped 3.1% in the prior session on a […]

Gold 1 OZ (XAU=X) on track for a sixth straight quarterly rise

Gold 1 OZ (XAU=X) on track for a sixth straight quarterly rise

Gold 1 OZ (XAU=X) on track for a sixth straight quarterly rise Gold prices dipped over 2% to their lowest in a week on Tuesday as the dollar firmed, but the metal was on track for a sixth straight quarterly rise on concerns of global economic damage due to the coronavirus pandemic. Spot gold fell 0.8% […]

Have We Have Seen ‘The Golden Age’ of Restaurants?

Have We Have Seen ‘The Golden Age’ of Restaurants?

In “Burn the Ice: The American Culinary Revolution and Its End” (Penguin Press, 384 pgs, $28) a new book by James Beard Award-winning food journalist Kevin Alexander, the thesis is that due to an confluence of factors: saturated restaurant markets, rising labor and food costs, weak sales, changing consumer tastes and loyalties, a shrinking middle class, declines […]

Gold 1 OZ (XAU=X) continue to form a bullish pendant pattern

Gold 1 OZ (XAU=X) continue to form a bullish pendant pattern

Gold 1 OZ (XAU=X) continue to form a bullish pendant pattern Gold prices moved lower for a second consecutive trading session and continue to form a bullish pendant pattern which is a consolidation pattern that eventually refreshes higher. This follows a large surge in prices last week.  Riskier assets traction on Monday recapturing the losses […]

Gold: Conditions Setting Up for the Price to 2X

Gold: Conditions Setting Up for the Price to 2X

$XAU $GLD $USD Volatile stock markets and the outbreak of the coronavirus helped drive holdings in gold-backed ETFs to record highs in Y 2020. The buying is a clear indication of the prominent role of gold ETFs in investors’ portfolios, especially during periods of uncertainty and panic. Gold-backed ETFs saw $4.9-B of inflows in February, […]

Gold 1 OZ (XAU=X) Prices Expected to Edge Up

Gold 1 OZ (XAU=X) Prices Expected to Edge Up

Gold 1 OZ (XAU=X) Prices Expected to Edge Up Gold prices edged up on Monday as the U.S dollar hovered near a two-week low touched in the previous session, while coronavirus lockdowns tightened across the world and stoked fears of economic damage, lifting demand for safe-haven bullion Spot gold was up 0.3% at $1,621.85 per ounce, as […]

Gold 1 OZ (XAU=X) Higher as Buyers Bet on More Stimulus after Dismal Job Loss Report

Gold 1 OZ (XAU=X) Higher as Buyers Bet on More Stimulus after Dismal Job Loss Report

Gold 1 OZ (XAU=X) Higher as Buyers Bet on More Stimulus after Dismal Job Loss Report Gold futures are trading higher late in the session on Thursday after a record surge in U.S. jobless claims weakened the U.S. Dollar and drove up the odds of further government stimulus to combat the devastating effects of the […]

Gold Prices Finished Lower on Profit Taking

Gold Prices Finished Lower on Profit Taking

$XAU $GLD $USD Gold prices settled lower Wednesday, giving up some of Tuesdays gains when it marked its largest percentage rise in more than 10 yrs.. Commodity analysts attributed the retrenchment to some exhaustion after 2 strong sessions of gains for the precious Yellow metal, as the USS Congress comes closer to passing a $2-T+ American […]

Gold 1 OZ (XAU=X) Markets Test Highs Again But Fail

Gold 1 OZ (XAU=X) Markets Test Highs Again But Fail

Gold 1 OZ (XAU=X) Markets Test Highs Again But Fail Gold markets have initially tried to rally during the trading session on Wednesday but found trouble at the $1700 level again. By pulling back from there it shows just how resistive that area is, and perhaps more importantly for the future, what breaking above that level […]

Gold Price Futures Technical Analysis

Gold Price Futures Technical Analysis

$GC $XAU $GLD $USD Gold futures in New York soared for a 2nd session running Tuesday on continued reaction to the Fed’s extraordinary measures to help an economy ravished from the coronavirus pandemic and demand/supply issues. The Fed revealed Monday several programs including lending against student loans, credit card loans and US government backed-loans to […]

Gold 1 OZ (XAU=X) Markets Spiked Again

Gold 1 OZ (XAU=X) Markets Spiked Again

Gold 1 OZ (XAU=X) Markets Spiked Again Gold markets have shot straight up in the air on Tuesday, reaching towards the $17 level. The size of the candle is quite impressive, and it does suggest that perhaps demand for gold is starting to pick up again quite drastically, but one thing that is worth paying attention […]

Gold, the ‘Currency of Last Resort’, Price Spikes

Gold, the ‘Currency of Last Resort’, Price Spikes

$XAU $GLD, $BAR, $XAG $SLV Tuesday, Gold prices marked their largest daily percentage gainer in more than 10 yrs as the precious Yellow metal extended its rally on demand/supply issues and moves by the Fed to address the coronavirus crisis. The Fed announcement Monday “signals there is a new sheriff in town as the Fed […]

Gold Price Extended its Rally on Fed Action, Goldie says, Time to Buy

Gold Price Extended its Rally on Fed Action, Goldie says, Time to Buy

$GS, $XAU $GLD $XAG $SLV $PLAT $USD Gold extended its rally toward 1,600 oz after the Fed took unprecedented measures to protect the US economy from the coronavirus shock, with Goldman Sachs (NYSE:GS) saying bullion’s probably at an inflection point and it is time to buy. The precious metal rallying with risk assets, after the […]

Gold 1 OZ (XAU=X) Markets Continue to Consolidate

Gold 1 OZ (XAU=X) Markets Continue to Consolidate

Gold 1 OZ (XAU=X) Markets Continue to Consolidate Gold markets gapped higher during the trading session on Monday to kick off the week, turned around to fall below the 200 day EMA and fill that gap again, only to turn around and rally furthermore. That’s not a huge surprise considering that there is so much in […]

Gold Sellers Opt for Bucks Due to Coronavirus

Gold Sellers Opt for Bucks Due to Coronavirus

$XAU $GLD $XAG $SLV $PLAT $USD Gold prices fell Monday as investors stockpile cash, with a rising numbers of coronavirus-led national lockdowns threatening to overshadow stimulus measures from global central banks to combat the economic damage. Spot gold edged down 0.2% to 1,494.63 oz by 0320 GMT, after rising as much as 3.1% in the […]

Gold 1 OZ (XAU=X) Could Be Building Support Base at Long-Term Retracement Zone

Gold 1 OZ (XAU=X) Could Be Building Support Base at Long-Term Retracement Zone

Gold 1 OZ (XAU=X) Could Be Building Support Base at Long-Term Retracement Zone Gold futures edged higher on Friday as selling eased in the global equity markets and demand for the U.S. Dollar softened. Despite the small uptick in prices, gold finished lower for the week as investors sold the precious metal to raise cash […]

Gold: An Investment Theme in the Midst of the Global Pandemic

Gold: An Investment Theme in the Midst of the Global Pandemic

$XAU $GLD $XAG $SLV The correcting stock market and global coronavirus pandemic have triggered sudden and irreversible demand for precious metals Each decade has a distinct investment theme. As the decade unfolds, one asset class rises to the Top and outperforms everything else. Below are some examples, as follows: During the 1990’s, the stock market […]

Gold 1 OZ (XAU=X) Will Rally Once Stocks Stabilize

Gold 1 OZ (XAU=X) Will Rally Once Stocks Stabilize

Gold 1 OZ (XAU=X) Will Rally Once Stocks Stabilize Gold futures are trading flat-to-lower shortly after the regular session opening on Thursday. The price action suggests investor indecision and impending volatility. The market has been highly correlated with stocks this week, and this relationship appears to be continuing today. Rising Treasury yields and a stronger […]

Gold 1 OZ (XAU=X) showing signs of stability just above the 200 day EMA

Gold 1 OZ (XAU=X) showing signs of stability just above the 200 day EMA

Gold 1 OZ (XAU=X) showing signs of stability just above the 200 day EMA Gold markets have suffered as of late, but the last couple of days have been going back and forth in order to perhaps show signs of stability just above the 200 day EMA which of course is a widely followed indicator. That […]

Gold Price Technical Outlook

Gold Price Technical Outlook

$GC $XAU $GLD Gold futures rose Tuesday, rebounding from a 5-session decliner after the Fed’s announcement to boost lending eased fears over a contraction in liquidity. US equity markets recovered some after Monday’s steep decliner, after the Fed stepped in and putting more liquidity into the economy. This triggered the relief rally in gold because […]

Gold Finished Lowest since December, Silver Lowest Finish in 10+ Yrs

Gold Finished Lowest since December, Silver Lowest Finish in 10+ Yrs

$XAU $GLD $XAG $SLV $USD Monday, gold futures fell to settle at their lowest mark since December, and silver futures finished at their lowest mark in over 10+yrs, as the Fed’s emergency decision to slash interest rates failed to stem losses in the stock market, sending traders scrambling for cash. Prices for the 2 precious […]

The Message from Goldman Sacks on the Impact of this Election Year Virus

The Message from Goldman Sacks on the Impact of this Election Year Virus

$GS $SPY $OIL $USO The Goldman Sachs investor call Sunday. The Key economic take aways are: 50% of Americans will contract the virus (150-M people) as it is very communicable.  This is on a par with Rhinovirus aka the common cold, of which there are about 200 strains and which the majority of Americans will […]

Gold 1 OZ (XAU=X) found itself on the chopping block

Gold 1 OZ (XAU=X) found itself on the chopping block

Gold 1 OZ (XAU=X) found itself on the chopping block  As financial markets around the world cratered this week, gold wasn’t much of a safe haven. While prices briefly flirted with $1,700 an ounce on Monday, selling pressure from every corner of the market spread to bullion too. In the rush to raise cash, investors […]

Gold Investors Taking Profits

Gold Investors Taking Profits

$XAU $GLD $USD Gold is heading for its biggest weekly decliner since Y 2013, despite climbing to the highest in more than 7 yrs earlier this week, as investors sell the precious Yellow metal to meet liquidity needs. Stocks have been in free fall for 16 sessions on concerns emergency fiscal and monetary packages will not […]

Gold 1 OZ (XAU=X) Prices Resume Downward March

Gold 1 OZ (XAU=X) Prices Resume Downward March

Gold 1 OZ (XAU=X) Prices Resume Downward March Spot gold prices shook off a mild move to the upside and turned sharply lower again on Thursday in another day of extreme volatility. Gold prices were down $41.30 or 2.53 percent to $1,593.50 after peaking at $1,646.40 and sinking as low as $1,560.60. Comments from U.S. […]

A Stock Market Crash Shield Shines with Gold and Silver 1 OZ 999 NY (XAG=X)

A Stock Market Crash Shield Shines with Gold and Silver 1 OZ 999 NY (XAG=X)

A Stock Market Crash Shield Shines with Gold and Silver 1 OZ 999 NY (XAG=X) A stock market crash shield in the colors of gold and silver shines brightly as investors increasingly seek to buy those precious metals to profit when stocks sink. The importance of having investments that tend to climb when equities fall […]

Gold 1 OZ (XAU=X) Prices Fall as Yields Rebound While Markets Await U.S. Virus Plan

Gold 1 OZ (XAU=X) Prices Fall as Yields Rebound While Markets Await U.S. Virus Plan

Gold 1 OZ (XAU=X) Prices Fall as Yields Rebound While Markets Await U.S. Virus Plan Gold prices fell back below $1,650 an ounce on Wednesday despite continued volatility in stock markets, amid mixed signals from the U.S. about what policy action to expect to contain the impact from the global coronavirus outbreak. Silver also weakened, […]

Barrick Gold (NYSE:GOLD) Data Suggests a Buy Signal

Barrick Gold (NYSE:GOLD) Data Suggests a Buy Signal

$GOLD Barrick Gold Corp (NYSE:GOLD) marked a 3.5 yr high at 22.44 on 24 February and paused, the data now suggests the stock is flashing a buy signal as it nears a historically Bullish trendline. Barrick Gold stock has come within 1 standard deviation of its 40-Day MA following an extended period above the trendline, defined for […]

Gold 1 OZ (XAU=X) Prices Fall After Failure to Hold Above $1,700

Gold 1 OZ (XAU=X) Prices Fall After Failure to Hold Above $1,700

Gold 1 OZ (XAU=X) Prices Fall After Failure to Hold Above $1,700 Gold prices fell on Tuesday as risk assets stabilized in the aftermath of Monday’s rout, while higher bond yields also helped to restore the relative attractiveness of other havens than bullion. By 12 PM ET (1600 GMT), gold futures for delivery on the […]

Bitcoin: USD/BTC (BTC=X), Bonds and Gold: Why Markets Are Upended in a Time of Fear

Bitcoin: USD/BTC (BTC=X), Bonds and Gold: Why Markets Are Upended in a Time of Fear

Bitcoin: USD/BTC (BTC=X), Bonds and Gold: Why Markets Are Upended in a Time of Fear Anyone seen the movie “Parasite”? You know, the one about class mobility, creative solutions and scary basements. I thought of that film after reading Jill Carlson’s op-ed a couple of days ago – she looks at our collective surprise that bitcoin is […]

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