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 […]

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 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. […]

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, […]

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 […]

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 […]

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 Down, USD Up, Crude Oil Up, Stocks Up Notes: The US and China agreed on Saturday to resume trade negotiations after President Trump offered concessions to his Chinese counterpart Xi when the 2 leaders met on the sidelines of the G-20 Summit in Japan. OPEC and […]

President Trump’s Successes at the Weekend Pushes Gold Below Key Technical Support

President Trump’s Successes at the Weekend Pushes Gold Below Key Technical Support

$XAU, $GLD, $SLV, $USD Gold fell 1%+ Monday to its lowest in more than a week as USD strengthened and investors opted for riskier assets after the US and China agreed to restart trade talks. Spot gold was down 1.3% at $1,391.29 oz, as of 0411 GMT, US gold futures dipped 1.3% to $1,394.90 oz. […]

Gold Prices Continue to Drive North

Gold Prices Continue to Drive North

$XAU, $GLD, $USD Gold markets extended the rally Monday, that being the case, the 1400 psych mark underneath should offer support, and notably it is a large, round, psychologically significant mark. As long as the price holds above that mark, this market is Bullish to Very Bullish, but there is lots of support marks underneath […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $SOX, $QQQ, $RUTX, $XAU, $GLD, $RUTX, $VXX FLASH: Last week we saw Wall Street stocks and Gold rally hard finishing solid on Quad Witching on the Fed’s Dovish policy position declared Wednesday afternoon. We are in the 2nd longest Bull Market in history that began precisely at 1:00p ET on 9 March 2009, and according […]

As Gold Tops $1,400 oz…

As Gold Tops $1,400 oz…

$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 […]

President Trump Vs Fed, Gold Wins

President Trump Vs Fed, Gold Wins

$XAU, $GLD, $USD President Trump continues his relentless attacks against the Fed and their strong dollar Tuesday with his most recent Tweets: “This is because the Euro and other currencies are devalued against the dollar, putting US at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don’t […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $SOX, $QQQ, $RUTX, $XAU, $GLD, $RUTX, $VXX FLASH: Last week we saw Wall Street stocks consolidate on light volume and the Fed signaled ‘Got Gold’ Mr. Market started seriously pricing in the possibility of interest rate cuts. To be fair, the signal came from the Top of the economic politburo that matters that being […]

Fed Saying, “Got Gold”

Fed Saying, “Got Gold”

$XAU, $GLD, $USD Mr. Market started seriously pricing in the possibility of interest rate cuts. To be fair, the signal came from the Top of the economic politburo that matters that being the Federal Reserve. Speaking at an event at the Chicago Fed last Tuesday, Chairman Jerome Powell hinted that the Fed would likely cut […]

US Stocks “Paused to Refresh”, Gold Finished Higher

US Stocks “Paused to Refresh”, Gold Finished Higher

$DIA, $SPY, $SOX, $QQQ, $RUTX, $USD, $XAU, $GLD, $VXX Total CPI increased 0.1%, as expected, as did core CPI, which excludes food and energy prices. The monthly changes left the Y-Y readings at 1.8% and 2.0%, respectively, versus 2.0% and 2.1% for the 12 months ending in April. The Key takeaway from the report is […]

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 Steady, USD Up, Crude Oil Up, Stocks Up Notes: President Trump will meet Chinese President Xi on the sideline of G-20 leaders’ meeting late this month to seek compromise on trade and other economic issues. In Asia Gold: Gold held steady Tuesday after posting its biggest 1-day percentage […]

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 Off, USD Flat, Crude Oil Up, Stocks Up Notes: Investors are still hoping that President Trump will meet Chinese President Xi on the sideline of G-20 leaders’ meeting late this month to seek compromise on trade and other economic issues. Ahead of the Summit, G-20 […]

No Country is Safe from Trump’s Tariffs

No Country is Safe from Trump’s Tariffs

$GLD, $XAU, $SLV, $USD, $GOLD, $NEM, $VXX FLASH: Gold is finally seeing some bullish momentum as trade ructions escalate, fueling the biggest rally among the top miners in seven months. President Trump’s plan to impose a 5% tariff on all Mexican goods over illegal immigration rattled financial markets, boosting the haven appeal of the precious […]

Gold Price Technical Analysis: Buyers Bet on Fed Rate Cut

Gold Price Technical Analysis: Buyers Bet on Fed Rate Cut

$XAU, $GLD, $XAUUSD FLASH: Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Fed policymaker said Wednesday. “There’s not a strong case to push rates higher when inflation is under control; there’s not a strong case to […]

Gold Looks Cheap in Here, Central Banks are Key Buyers

Gold Looks Cheap in Here, Central Banks are Key Buyers

$GLD, $XAU, $EUR, $USD FLASH: Gold prices could still surge 20% this year as precious-metal investors and speculators are right to believe in a bright future for the commodity. One international guru told Barron’s that he considers gold at current marks of just below $1,300 oz a “bargain.” His price target for the year is […]

Being Bullish Gold and Gold Miners

Being Bullish Gold and Gold Miners

$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 […]

President Trump ‘Angling’ for The Gold Standard

President Trump ‘Angling’ for The Gold Standard

$XAU, $GLD, $USD President Trump’s plans to nominate Stephen Moore and Herman Cain to the Fed board, and that move points back to The Gold Standard, a policy option once advocated by both men and President Trump himself. The Big Q: What is the case for returning to The Gold Standard? The Big A: Is […]

Gold is President Trump’s ‘Trump’ Card

Gold is President Trump’s ‘Trump’ Card

$GLD, $XAU, $USD FLASH: Gold could 2X overnight, especially if President Trump uses it as a weapon in his battle Vs the Fed. The Fed controls the Buck, the Buck is the world’s trading currency, and so the Fed controls the world. A stronger USD hurts the world’s growth prospects. It also hurts President Trump’s […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Note: China’s PMI number was the most significant monthly increase since Y 2012, which should ease concerns around a potential threat to Crude Oil demand. In Asia Gold: Gold prices declined to a more than 3-week lows Tuesday as waning global economic slowdown concerns lifted […]

Barrick is the Big News in Gold

Barrick is the Big News in Gold

Canadian mining giant Barrick Gold has bought Africa-focused rival Randgold Resources to create a global industry champion worth $18.3 billion, the pair said on Monday. The blockbuster all-share deal was described as a merger but is effectively a takeover because Barrick investors will own a majority 66.6-percent stake. Randgold shareholders will hold the rest. The […]

Russia Dumps Dollar Buys Gold

Russia Dumps Dollar Buys Gold

US sanctions have forced Russia to look at ways of securing its foreign reserves. In recent years, Moscow has increased purchases of physical gold and dramatically reduced its share of US debt bonds. The political standoff started in 2014, shortly after the conflict in Ukraine and the referendum in Crimea in favor of joining Russia. […]

Gold is a Buy

Gold is a Buy

Against growing crude prices gold is significantly cheap and presents a good buying opportunity, according to Leigh Goehring, managing partner at New York-based firm Goehring & Rozencwajg Associates. The analyst compared the current situation to the one gold and oil markets experienced 20 years ago. “Back in the first quarter of 1999 oil was $11 […]

Gold: China and Russia Vs the USD

Gold: China and Russia Vs the USD

The gold accumulated by China and Russia could be seen as part of a strategy to move away from international trade denominated in US dollars, according to Singapore’s BullionStar precious metals expert Ronan Manly. Manly exclusively told RT that there is a shift occurring regarding the two countries building up their gold reserves, to perhaps […]

Great Year for Gold

Great Year for Gold

Great Year for Gold The price of gold is up 13 percent since January and is on target for its best-performing year since 2010. It’s driven by a weaker US dollar and safe-haven buying prompted by global political uncertainties. Spot gold was up 0.2 percent, trading at $1,297.39 an ounce as of 11:20 GMT on […]

BRICS are Taking Control of the Gold Market

BRICS are Taking Control of the Gold Market

BRICS are Taking Control of the Gold Market BRICS cooperation in the gold market was first unveiled in April by the First Deputy Chairman of Russia’s Central Bank, Sergey Shevtsov, during a visit to China. “We (the Central Bank of the Russian Federation and the People’s Bank of China) discussed gold trading,” he said. “The […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Globally, gold prices fell 0.19% to $1,346 an ounce after hitting one-year high of $1,357.64 an ounce. Silver prices dropped 0.91% to $17.93 an ounce in New York in Friday’s trade. The current period of elevated uncertainty, both in terms of U.S. domestic policy and in foreign diplomacy, is supporting gold […]

Why Gold Is Set For An Epic Rally This Spring

Why Gold Is Set For An Epic Rally This Spring

Why Gold Is Set For An Epic Rally This Spring One little-known junior explorer is grabbing attention for doing something that is virtually impossible: Landing a highly prospective and massive exploration concession that is almost always the purview of the major miners. And the timing couldn’t be better. Panic over nuclear North Korea, a sudden […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed down -1.500 at 1,199.260. Volume was 8,900% above average (trending) and Bollinger Bands were 21% narrower than normal. Open High Low Close Volume___ 1,200.4101,201.9601,198.0601,199.260 1,282 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1,226.77 1,213.86 1,260.96 Volatility: 7 12 16 […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed down -0.020 at 1,215.990. Volume was 8,900% above average (trending) and Bollinger Bands were 69% wider than normal. Open High Low Close Volume___ 1,216.0101,216.9401,215.8101,215.990 91 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1,242.44 1,280.85 1,280.39 Volatility: 18 16 19 […]

Gold Shines at Dubai Week in China

Gold Shines at Dubai Week in China

Gold Shines at Dubai Week in China DMCC, Dubai’s Government authority on trade, enterprise and commodities and the world’s number one Free Zone, concluded Dubai Week in China, Shanghai, with three significant commodity trade agreements and its “Made for Trade. Together” in Shanghai Forum. DMCC’s event attracted over 130 senior government officials, business leaders and […]

Dubai Gold and Commodities Exchange is Booming

Dubai Gold and Commodities Exchange is Booming

Records the highest Year-To-Date volumes since inception, growing 43% from last year. Records the highest Open Interest positions on 29th August valued at over US$ 8 billion. Introduced extremely low-latency solutions for overseas market participants. Now provides full-depth market data to support sophisticated trading strategies. Volumes on the Dubai Gold and Commodities Exchange (DGCX) touched […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold looks weak in here and there are buying opportunities below $1330. Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1,379.15. The projected lower bound is: 1,298.22. The projected closing price is: 1,338.68. Gold closed down -0.630 […]

Shayne Heffernan Gold Report: Buy the Dips

Shayne Heffernan Gold Report: Buy the Dips

Shayne Heffernan Gold Report: Buy the Dips Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 1,578.45. The projected lower bound is: 1,296.64. The projected closing price is: 1,337.54. Candlesticks A black body occurred (because prices closed lower than they opened). During […]

HEFFX Acquires Gold Site, Eyes Australian Listing

HEFFX Acquires Gold Site, Eyes Australian Listing

HEFFX Acquires Gold Site, Eyes Australian Listing HEFFX has increased their bets on the long term growth in Gold by acquiring a site in the USA in conjunction with American/Japanese backed Toea. The Partnership will co-develop a site, details Expected 1.7m Ozs Gold Reserve • 480 contiguous acres • 300 Million tons+ of Gravel & […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold looks to be heading over $1400 in here. Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1,405.51. The projected lower bound is: 1,322.34. The projected closing […]

Gold Trading in Dubai Hits New Record

Gold Trading in Dubai Hits New Record

Gold Trading in Dubai Hits New Record Volumes on the Dubai Gold and Commodities Exchange (DGCX) crossed over 11Mn contracts this year, growing 49% from last year. The overall volumes in July 2016 touched 1,674,268 contracts, registering a massive year-on-year(Y-O-Y) increase of 47%, driven largely by elevated trade volumes across precious metals, currencies, equities and […]

Gold Trading at HEFFX

Gold Trading at HEFFX

Precious Metal trading & warehousing Global Markets offering includes the sale, storage, management and delivery of the following precious metals: Gold – XAU Silver – XAG Platinum – XPT Palladium – XPD The physical offering is inclusive of both unallocated and allocated accounts. Unallocated accounts are typically used to build positions which can be later […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold looks like a buy in here, technicals are indicating another run up Gold closed up 5.610 at 1,320.760. Volume was 8,900% above average (trending) and Bollinger Bands were 26% narrower than normal. Open High Low Close Volume___ 1,315.1101,324.6001,313.3501,320.760 16,178 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Our strategy here is buying dips, long term we still see Gold above the $1500 mark. Gold closed down -8.250 at 1,358.150. Volume was 8,900% above average (trending) and Bollinger Bands were 69% wider than normal. Open High Low Close Volume___ 1,368.3101,374.7101,350.8001,358.150 12,401 Technical Outlook Short Term: Overbought Intermediate Term: Bullish […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed up 20.130 at 1,341.910. Volume was -0% below average (neutral) and Bollinger Bands were 35% wider than normal. Open High Low Close Volume___ 1,323.0001,344.2101,320.5001,341.910 0 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,301.32 1,266.54 1,180.75 Volatility: 32 22 20 […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed up 7.990 at 1,299.100. Volume was 8,900% above average (trending) and Bollinger Bands were 33% wider than normal. Open High Low Close Volume___ 1,292.9501,301.4001,291.4101,299.100 4,415 Gold Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,269.56 1,253.95 1,171.29 Volatility: 15 18 […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report We are still buying Gold on dips in the market, we will be buying aggressively if the price goes below $1200. Gold closed down -5.190 at 1,209.500. Volume was 8,900% above average (trending) and Bollinger Bands were 22% wider than normal. Open High Low Close Volume___ 1,215.4501,220.3001,208.3101,209.500 11,901 Technical Outlook Short […]

Shayne Heffernan Gold Price Report

Shayne Heffernan Gold Price Report

Shayne Heffernan Gold Price Report Under $1200 I will be adding to our Gold Holdings, I am also looking for any excessive reaction in some Gold stocks. Gold closed down -6.950 at 1,205.200. Volume was -0% below average (neutral) and Bollinger Bands were 16% wider than normal. Open High Low Close Volume___ 1,213.0001,213.4501,199.6001,205.200 0 Technical […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed down -3.570 at 1,220.210. Volume was 8,900% above average (trending) and Bollinger Bands were 0% narrower than normal. Open High Low Close Volume___ 1,223.0001,233.6101,218.1501,220.210 10,982 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,250.92 1,247.88 1,162.29 Volatility: 15 19 19 […]

Gold May Add 10% in Next 60 days

Gold May Add 10% in Next 60 days

Gold May Add 10% in Next 60 days Our HEFFX forecast for Gold Pictured above seems to indicate a rally by 10% in 60 days. PREC.M.XAU= closed down -3.190 at 1,250.910. Volume was 8,900% above average (trending) and Bollinger Bands were 25% narrower than normal. Open High Low Close Volume___ 1,254.8601,259.6001,248.3201,250.910 12,214 Technical Outlook Short […]

Shayne Heffernan: Gold Report

Shayne Heffernan: Gold Report

Shayne Heffernan: Gold Report Gold closed up 1.100 at 1,274.560. Volume was 8,900% above average (trending) and Bollinger Bands were 14% narrower than normal. Open High Low Close Volume___ 1,273.6601,280.7001,269.1001,274.560 9,595 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,273.62 1,249.29 1,158.23 Volatility: 16 20 19 […]

Direxion Daily Gold Miners Bull 3X (NYSEARCA:NUGT) Trading Outlook

Direxion Daily Gold Miners Bull 3X (NYSEARCA:NUGT) Trading Outlook

Direxion Daily Gold Miners Bull 3X (NYSEARCA:NUGT) Trading Outlook “We’re recommending our clients to position for a new and very long bull market for gold,” JPMorgan Private Bank’s Solita Marcelli said Tuesday on CNBC’s “Futures Now.” After seeing three back-to-back years of losses, the precious metal has rallied 20 percent in 2016. And that’s just […]

The Gold Report

The Gold Report

Shayne Heffernan takes a look at Gold Trading PREC.M.XAU= closed unchanged at 1,248.460. Volume was -0% below average (neutral) and Bollinger Bands were 38% narrower than normal. Open High Low Close Volume___ 1,243.1101,270.1001,242.5001,248.460 0 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,243.80 1,236.82 1,143.32 Volatility: […]