$XAU, $GLD, $USD, $EUR Russia’s central bank gold reserves are now valued at more than $100-B Emerging markets have been adding gold holdings regardless the prices are near their highest marks in more than 6 years, as countries such as Russia and China diversify their Fx reserves, this is a trend that is likely to […]
$XAU $GLD $GDX, $GOLD, $NEM, $USD Investor doubts about the economic outlook and especially a Dovish Fed drove a gold price run in 1-H of Y 2019, sparking burst of interest in gold investing and gold stocks. The escalating China trade dispute has provided the fuel since 1 August, and a day earlier, the Fed […]
$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 […]
$XAU, $GLD, $USD FLASH: There has been a dramatic change in the sentiment of Gold Bugs Bold prices have risen this month, passing $1,400 oz for the 1st time since Y 2013. There have been good reasons to be Bullish the precious Yellow metal. Everything from Dovish central banks, technical indicators, negative-yielding bonds are all working […]
$GLD, $XAU, $USD Forbes.com recently published 3 reasons why savvy investors need to always own gold in their portfolios. Essentially, you can never play it too safe when it comes to investing. “Holding an overweight position of an unlevered asset with limited supply such as gold will offer one of the few safe havens for […]
$DIS, $QCOM, $AAPL, $INTC, $KMI, $NWL, $XAU We have been see over the past weeks stocks moving back to their all-time highs marked in September 2018. And are seeing the drive further North from here. A few blue chips have been surging in the past week, and are far higher than they were back in […]
$GLD, $XAU FLASH: China’s PBoC is on a Gold buying spree as Asia’s Top economy expanded its Gold reserves for a 4th month running, adding to investors’ optimism that central banks from around the world will press on with a drive to build up holdings. June Gold settled today’s session rose $6.00 (+0.5%) to $1301.55/oz […]
$GLD, $USD Gold prices rose to 10-month highs Tuesday, as USD weakened, on optimism for a breakthrough in US-China trade talks, bullion also saw support as a safe-haven asset due to concerns over global growth. Spot gold +0.9 at $1,338.21 oz US gold futures +1.44% at $1,341.20 oz A gauge of global stock markets rose […]
$GLD, $SLV, $USD The survey of 36 analysts and traders returned a median forecast for gold to average $1,305 oz in Y 2019, up around 3% from last year’s average and a touch higher than forecast in a similar poll 3 months ago. It predicted prices would average $1,350 in Y 2020, just below the […]
$GLD, $SLV, $USD There are Key elements set up to extend Gold’s from just after the Y 2008 global recession to the precious Yellow metals Y 2011 all time high, signalling a comeback this year. Gold Bugs are looking for a break out of its 5 year range, and technically it looks as though that […]
$GLD, $SLV Goldman Sachs Group (NYSE:GS) leading the Bullish pack on Gold. The New-York based bank’s analysts led by Jeffrey Currie raised their price forecast for Gold, predicting that over the next 12 months, the precious Yellow metal will climb to $1,425 oz, a mark not seen in more than 5 years. Bullion has benefited […]
$GLD, $SLV, $USD, $AAPL Miners see Gold prices moving higher in 2019 December’s holiday cheer is carrying into Y 2019 for Gold-mining companies. A gauge of mining shares is extending gains after its best December since the financial crisis as investors flee to safe-haven assets amid a slump in the broader equities market and a […]
A 2019 Bear Market Event May Trigger a DJIA Move to 40,000 $DIA, $SPY, $QQQ, $RUTX, $MTAFF, $GLGDF, $RGLD, $FNV,$WPM You may recall in January 2016, the DJIA was trading at the 16,000 mark, when Yves Lamoureux, President of macroeconomic research firm Lamoureux & Co., said DIA would top 25,000 within 3-4 years. It did not take […]
Gold Prices Tap 19-Month Lows $GLD, $DXY, $USDTRY Gold has lost its appeal as a safe-haven during the past few months Commentary: Gold at 1175 reached important support, it will be important to see if the support 1175 holds near term or takes the price to much lower marks medium term. A bounce from 1175 is preferred […]
Looking at the DJIA Vs Gold and Silver Long Term $DIA, $GLD, $SLV, $MTAFF It is time to reduce exposure to Wall Street and shift the proceeds into Gold, Silver, the precious metals mining companies and the royalty streamers. Let us have a look at the 21st Century Bear markets. The high-tech dot.com bubble ultimately deflated […]
Goldcorp (NYSE:GG) Pay $3.7-M for Stake in a Newly Formed Explorer $GG Canada’s GoldCorp (NYSE:GG) is investing $3.7-M to acquire a 14% interest in a newly formed Bold exploration company born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources. The new explorer, named Quebec Precious Metals Corp. (QPM), will focus on the James […]
China Plays a Role in the Gold Market, How Important? $GLD, $USDCNY China has been accumulating Gold over the past 10 years, and it is also the largest producer of Gold in the world and perhaps the world’s biggest consumers of the precious Yellow metal. The World Gold Council’s (WGC) data for Q-2 Y 2017, says […]
Gold is an “All Weather Investment” $GLD The Big Q: What do savvy Wall Street traders see in physical Gold, and why are they adamant about holding it? The former head of ETF Trading at Lehman Brothers said he discovered Gold in Y 2005 when the launch of the SPDR Gold Shares ETF (NYSEArca:GLD) drew his attention […]
Chinese Demand for Gold Bars Up by 51% $GLD Demand for Gold bars in China, the world’s biggest Bullion market, soared by 50%+ in 1-H of this year as investors sought a haven from financial and geopolitical risks. Sales climbed 51% to 158.40 tonnes from a year earlier, the China Gold Association said in a […]
Think Portfolio Insurance When Buying Gold in Here $GLD, $USD Gold (NYSEArca:GLD) is ranged within 1,190 and 1250 oz short term as the metal tracks US real interest rates. “We’re not saying we have a Bullish bias; we’re not saying we have a bearish bias,” siad executive director for commodities and foreign exchange at UBS […]
A Falling Stock Market, A Easing USD: That Brings Us Back to Gold $GLD, $SLV, $ABX, $GG, $EXCFF, $WPM As the USD falls from the Fed’s continuation of loose money policies, it will lift up Gold prices to unprecedented highs. Plus, recessions are a great environment for Gold During the last 2 recessions, Gold prices […]
The Solid Reasons for Gold in an Investment Portfolio $GLD, $SLV, $ABX, $EXCFF, $SLW, $SPY Gold got crushed in The Trump Election rally post election, but a little over 5 months into Y 2017, the yellow metal is up 10.5%—making it one of the best-performing assets of the year so far. While the outlook for the […]
World War 3: Bullish on Gold (NYSEArca:GLD) $GLD, $SLW, In times of War or other upheaval, people turn to Gold (NYSEArca:GLD). When economies wobble and governments fall, Gold has always been seen as the best way to preserve wealth. The Y-Y change in the consumer price index has already risen from 0 to 2.5%. When […]
Gold Bullion YTD: Demand for Gold Bars in UK Spikes 39% on Brexit Anxiety $GLD, $EXCFF, $SLW As the UK triggered its formal departure from the European Union, gold demand from UK investors remained ongoing and robust with increased numbers of British investors diversifying into physical gold in order to hedge the considerable uncertainty and volatility that […]
President Donald Trump is in The Gold Bulls Camp $GLD, $SLV, $USD Statements last week by US Treasury Secretary Steven Mnuchin put The Trump Team in the Gold Bulls Camp Last Friday, Gold charged North for the 5th day running in heavy trade as the Trump-trade on financial markets begin to unwind, the USD weakens and interest […]
Stanley Druckenmiller Changed His Mind About Gold $GLD, $DIA After the US Presidential election, billionaire hedge fund manager Stanley Druckenmiller made headlines by announcing that he had sold all of his Gold on 8 November. Yes, sold all of his Gold on Donald Trump’s election as President. He said that the way he saw the […]
Gold Price Marks 3-Month Highs $GLD, $SLV Gold futures rose to the highest in more than 2 months on uncertainty in geo-political issues, and the possibility of no rate hikes soon. Friday, the data showed US wage growth slowed, reducing the odds of Fed rate increases this year and sending Gold to the biggest weekly […]
WGC: Gold Demand +2% 2016 on Investment Demand $GLD Friday, data from the World Gold Council showed that a bounce in investment to a 4-year high drove a modest gain in Gold demand in Y 2016, even as use of the metal in jewelry slid to its lowest since Y 2009 and coin and bar […]
Donald Trump Takes Helm, Gold Bulls Revel $GLD Wednesday, I was talking to some of my pals and told them the the rally in Gold has some room to run. And now the Gold Bulls are wagering the rally has more room to run too, and that it may have history on their side with […]
Let’s Take a Look at Gold & Silver Bullion and Mining Shares in 2016 $GLD, $SLV I wasn’t going to write anything until next week, but reporting on the annual performance for gold and silver in the 1st week of the year feels appropriate and timely. Publishing the following table has been an annual event […]
Chinese Bargain Hunters Buying Gold $GLD Gold futures closed at the lowest level since February as the Fed is expected to raise interest rates, as US equities tap at record highs luring money out of safe havens and fund holdings collapse. Meanwhile, Chinese retail buyers are stepping in to take advantage of the low prices. […]
Gold Futures Saw 10-month Lows and Bounced $GLD Gold futures headed for the lowest closing in 10 months as investors ignored the political problems in Italy to boost stocks and other riskier assets. Monday, the S&P 500 advanced and Treasury yields rose after Italy’s vote against constitutional reform, which drove the nation’s PM to resign. […]
Kirkland Lake Gold Rebuffs Gold Field’s (NYSE:GFI) $1-4-B Offer $GFI, $KGILF, $NMKTF, $SSRI This week, South Africa’s Gold Fields (NYSE: GFI) the world’s 7th-largest bullion producer withdrew an joint offer with Silver Standard Resources (NASDAQ:SSRI) to buy Kirkland Lake Gold (OTCMKT:KGILF) after the Canadian miner rejected the bid. Gold Fields (a Johannesburg-based company) said it […]
The World’s Central Bankers are Buying Gold $GLD Friday, Gold regained the 1,300 oz mark on concerns about the outcome of the US elections and the NFPs data that could set the pace of Fed interest rate hikes in the US. YTD Gold is up more than 20% in price, thanks mainly to investors in […]
RMB Yuan Weakens, China Purchasing Gold Overseas $GLD, $SLV, $USDCNY As the RMB Yuan retreats, China is buying Gold. The world’s biggest consumer of the precious Yellow metal raised bullion imports from Hong Kong in September for the 1st time in 4 months as investors sought to diversify their assets on prospects for further currency […]
Fed Goes Slow, Gold Price Goes Up $GLD Gold is set to advance by as much as 15% before the end of Y 2017 as the Fed goes slow on increasing interest rates and the USD remains subdued, buoying bullion demand, according to Templeton Emerging Markets Group. “The Fed is going to increase the rates […]
Canada’s Bank of Nova Scotia Under-fire for Manipulating Gold Prices $BKSHF, $DB, $HBSC, $UBS, $GLD, $SLV Canada’s Bank of Nova Scotia(OTCMKT:BKSHF) 1 of the 5 big banks said to have manipulated the Gold market, which is worth trillions of dollars in trading value per year, will have to turn over internal e-Mails and other correspondence […]
Rising Inflation Augurs Record High Gold Price, Stock Correction $DIA, $SPY, $QQQ, $VXX, $GLD Rising inflation and sagging confidence in the ability of central banks to revive global growth will drive up Gold price, and bullion could climb to a record in the next 2 years. Consumer prices are set to rise as Crude Oiil […]
Gold Outlook: Do Not See Fed Interest Rate Increase in 2016 $GLD A US Fed interest-rate increase this year should not shake investors’ faith in Gold, according to Australia’s 2nd-largest producer. Bullion is trading near the lowest level in more than 3 months. Prices fell on speculative worries that central banks are ready to curb […]
Gold Bull Sees Price Up 44% By Year’s End $GLD, $SLV, $GG, $MUX Gold Bull Robert McEwen seeing Gold’s price up as much as 44% by the end of the year as confidence in the US economy fades. The precious Yellow metal could trade in a range of 1,700 – 1,900 by the end of […]
Ways to Invest in Gold, the Precious Yellow Metal $GLD, $UGLD, $GDX, $CEF, $PHYS When it comes to investing in Gold, there is more than one way to do it, and there is no best way to do it. You can buy Gold futures You can buy a Gold-linked ETF’s You can buy Gold Bars […]
Singapore is a Very Safe Place to Store Gold & Silver Bullion $GLD, $SLV There are many reasons that Singapore has the reputation for being 1 of the safest places to store Gold and Silver Bullion. The small country has low taxes and a stable economy, having had budget surpluses in the last 25 years for […]
Demand for Gold Rising, Fear is in the Market $GLD A Donald Trump victory in the US presidential election in November would probably lift Gold prices, according to the Mint that refines almost all the bullion output from one of the world’s biggest producers. “If someone like Donald Trump does get elected, it will stimulate […]
Gold Getting Boost from Japan Spend/Lend Stimulus $GLD, $SLV, $ABX, $KGC “Gold is getting another boost, this time from Japan PM Shinzo Abe” Gold prices are headed for the longest rally in more than 6 weeks after Japan’s cabinet Tuesday approved a spending/lending stimulus package, including JPY4.6-T in outlays this year. The USD also weakened, […]
The Rush to Gold and What it Means $GLD, $SLV Econominst Nasser Saidi PhD discusses the fluctuating fortunes of Gold and what the future is for the precious Yellow metal Gold prices had been on the decline since rallying strongly after the financial crisis and peaking above the 1,800-mark in Y 2012. But after touching […]
Japanese Buying Physical Gold, Storing it in Switzerland Japanese investors are buying Bullion and storing it in Switzerland because of negative interest rates and fears JPY will depreciate as the government grapples with the heaviest public debt burden in the developed world, according reports. The number of buyers jumped 62% in 1-H of Y 2016 […]
Barron’s Gold Mining Index (BGMI): A 96 Year Study $GLD, $SLV What does “real money” mean to you? To many of my readers, I suspect real money would be gold and silver coinage backing the paper money in circulation. But to politicians and economists, it means something completely different: “A billion here, a billion there, and […]
Global Stock Markets “Bouncing” Off Of Hefty Losses $DIA, $SPY, $QQQ, $VXX, $GLD, $SLV Wednesday, Global stock markets continued to recover after last week’s losses and the USD was down 0.5% Vs a basket of peer currencies. Gold rose Wednesday on the USD’s retreat and investor appetite for safe assets remained strong because of longer-term […]
The Gold Step Sum Indicator Giving Strong Buy Signal I have not published this Bear’s Eye View (BEV) chart for the Dow Jones since last February; time for a review. Here is the frequency distribution for the below BEV series (left table) with a frequency distribution of the same data going back to 2 January […]
The Technical Outlook for Gold Bullion Spot Gold moves higher Monday closing at 1,284.32 oz, as risk aversion helped the commodity to resume its Bullish trend from earlier this year. Risk aversion, prompted by China and the UK, underpinned the precious Yellow metal, alongside with the Uturn in market’s hopes of a US Summer rate […]
Gold and Silver in a Stock Market Correction $DIA, $GLD, $SLV When I last published this Bear’s Eye View of the DJIA a few weeks ago it appeared the US benchmark index would be making a new all-time high sometime in early May. On April 20th it was only 1.18% from last May’s BEV Zero, […]
Technical Outlook for Bullion and WTI Crude Oil $GLD, $USO Gold Bullion $GLS Spot Gold reached 1300.00 oz for the 1st time in 15 months, up over 22% YTD. Gains in the commodity have been supported by several reasons in Q-1, Gold ran on a flight to safety due to fears of a global economic […]
Mark J. Lundeen on “The Relationship Between the Stock and Precious Metals Markets” $DIA, $SPY, $GLD, $SLV I intended taking a few weeks off from stock and metals markets’s vigilance. However as the DJIA closed the week up only 1.69%, just 300 pts from making a new all-time high, I was motivated to make a […]
