Jon C. Ogg of 24/7 Wallst Gold has been making a serious comeback and many are talking about the $1,000 per ounce level again as being ahead shortly. This latest run is with energy prices screaming, the US Dollar getting pounded again, and with the fears that all this new money being printed is going [...]
by Chris Vermeulen www.GoldAndOilGuy.com. Gold stocks have been performing well but I cannot help but notice that the gold sector has reached a major resistance levels on the monthly chart. As much as I would like gold stocks to continue higher we must be ready for a pullback. I have moved my stops higher to [...]
August Gold closed higher on Thursday as it renewed this month’s rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends the rally off April’s low, the [...]
Tom Lydon of ETF Trends Fears about the economy have been slowly abating, yet gold exchange traded funds (ETFs) and the metal itself haven’t shown many signs of waning interest. What’s happening here? Many analysts say that the precious metal is expected to keep trading above the $900 per ounce mark, and the prospects for [...]
Jim Sinclair is the doyen of gold experts. It is interesting to see a very clear timeframe for the gold price posted on his website yesterday: Gold reacts as currency support for the dollar enters mid June to a slow decline (that is the official definition of a strong dollar policy, really). End of 2nd [...]
Chart Courtesy of Jim Willie CB
Gold has been a big winner this month with a move over the $950 level. This stellar move produced profits over $2,845 a contract. This represents a return of 50% in less than a month over initial margin*. If you’re not familiar with Market Club’s “Trade Triangle” technology, I highly recommend you take a look [...]
August gold closed lower due to profit taking on Wednesday as it consolidated some of this month’s rally. A late-session rally tempered early losses and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are [...]
(Bloomberg) — Gold may target a record $1,250 an ounce as a continuation head-and-shoulders pattern may be forming within a longer-term trend, Standard Bank Group Ltd. said, citing trading patterns. A break and close above $1,050.40 “provides warning that an important breakout” has occurred, Darran Grabham, the bank’s technical analyst, wrote in a note yesterday. [...]
IT GETS dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it IT GETS dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and [...]