There is no doubt about it – Gold is getting a lot of press and media attention lately. So the question is, is the move in Gold over or is it just beginning? I don’t believe the move is over on the upside for Gold, but in Adam’s new two-minute video he is going to [...]
Take a looks at this chart of gold. While this chart shows the basic technical analysis of the price of gold you can see the completion of the Cup & Handle pattern which is VERY BULLISH. Also you can see gold broke to a new high. While I don’t like to trade new highs it’s [...]
Courtesy of The Mad Hedge Fund Trader SPECIAL GOLD AND SILVER ISSUE Featured Trades: (GOLD), (ABX), (GLD) (KGC), (JAG), (RGLD), (SLV) 1) Of course you knew it was going to happen like this. After churning around just below the old high, and sucking in as many profit takers and short sellers as possible, gold blasted [...]
Hat tip The Big Picture courtesy of Bianco Research
December gold closed higher on Wednesday as it extends this week’s breakout above resistance marked by September’s high crossing at 1025.80. Profit taking tempered early session gains and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. [...]
* “Gold is a forecaster of inflation instead of a coincident indicator, based on its surge before 1980. The gold market is looking four to six months ahead. This is a monetary rally. Bullion has jumped 18% this year, heading for a ninth annual gain, and futures touched a record $1,049.70 an ounce today amid [...]
December gold was higher overnight as it extends this week’s rally into uncharted territory. Continued weakness in the U.S. Dollar along with fears of inflation continues to underpin this week’s rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. As December extends this week’s rally into uncharted territory, [...]
In our previous gold video, we were right in terms of gold making a low around the first of October. The gold market finally moved into new high ground and confirmed that a major up-move is now underway. In this new short video on gold, we scope out some upside target levels and also some [...]
Joe Weisenthal of Business Insider Another crazy day, with gold acting particularly nuts. Bloomberg: Gold futures climbed as high as $1,038 an ounce in New York, topping the previous record of $1,033.90 in March 2008. The spot price headed for a ninth straight annual gain, the longest rally since at least 1948. The dollar fell [...]
* “Chart-based momentum was triggered on gold’s dollar-inspired ascent. Technical buying came in when we took out last week’s high,” said Charles Nedoss, senior account manager and metals analyst with Peak Trading Group to WSJ.