The Gold ETF is one of my favorite trading vehicles. Using simple trend lines and looking at the recent price action you can see that the price of gold is looking ready for a pullback. Buying at this level is chasing and that generally means you buy at the high and panic out at the [...]
MISH US Rep. Marcy Kaptur (D-OH) is talking to Bill Moyers about the state of the economy. She claims it’s a “Financial Coup D’Etat” It’s a lengthy interview, about 20 minutes, but well worth a listen in entirety. The site has a complete transcript for those with limited time. Here is a partial transcript. MICHAEL [...]
By: Adrian Ash, BullionVault London Gold Market Report SPOT GOLD slipped from a new record high of $1070.50 an ounce on Wednesday morning in London, easing back 0.8% as world stock markets jumped and crude oil shot to a 12-month high above $75 per barrel. Both US Dollars and Japanese Yen – last autumn’s “safe [...]
LONDON (AFP) – The price of gold forged a record high close to 1,064 dollars an ounce here on Tuesday as the dollar sank against the euro. In morning trade on the London Bullion Market, gold struck 1,063.95 dollars an ounce, the highest level ever recorded. Gold’s latest pinnacle was recorded as the European single [...]
First of all I want to thank you for having me as a guest today! My name is Adam Hewison. You might want to Google Me to confirm what I am about to share with you. There are plenty of people out there that create “exclusive email courses” with little or no credentials to actually [...]
* “Gold prices continued its northward journey as the investors in the international markets are shifting their funds into gold due to depreciation of the dollar against all leading currencies of the world. Market pundits feel that prices of the yellow metal is expected to remain firm,” reports IndiaTimes. * So far gold prices have [...]
Courtesy of Jesse’s Café Américain The question of confiscation reappears every time gold rallies, from those with enough history to be able to throw out a few facts and sound plausible, but not enough grounding in history and the law to actually place them in any sort of reasonable context. Below is a ‘reprise’ of [...]
December gold closed lower due to profit taking on Friday as it consolidated some of this week’s rally. A short covering bounce ahead of the close tempered early session losses and the mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling [...]
Zero Hedge The congressional candidate is the latest to chime in on perspectives of where gold is going. This ties in with our expectations that the Fed’s generous excess liquidity, coupled with a declining dollar, will likely see gold as the primary focus on new capital flows. If gold does really hit $5,000 expect a [...]
Courtesy of Jesse’s Café Américain Gold has apparently broken out of a big inverse Head and Shoulder formation, possibly an ascending triangle if you prefer that for reliability. In combination, as they often are, this is a powerful sign of buying pressure, accumulation and a sharp rise in price. The targets we saw on the [...]