Donald W. Pendergast Jr. So, we’ve seen a substantial correction in the Gold market over the past couple of weeks, and that means that Gold is now ready to rocket higher to fresh highs, isn’t it? Probably not, at least not right away, and patient and wise traders/investors will want to wait a bit to [...]
Submitted by Tyler Durden With gold having dropped nearly $100 in a very brief period, as the Fed is doing all it can to prevent an all out gold rout (hey it worked the other way around too, and stopped the intended dollar free fall), spot is now a mere $13 away from the 50 [...]
Joe Weisenthal of Money Game Jim Rogers has been doing the media rounds lately, and yesterday evening he showed up on CNBC talking to Maria Bartiromo. He remains — not surprisingly at all — bullish on gold and silver. CNBC: With central banks now buying gold and many people worried about paper money, gold will [...]
Jeff Clark, Editor, Casey’s Gold & Resource Report Long-term readers know that gold moves inversely to the dollar, meaning if the dollar drops, gold tends to rise (and vice versa). This happens with about 80% regularity. But what many gold writers haven’t acknowledged is the leveraged movement our favorite metal has demonstrated this year to [...]
Jesse’s Cafe’ Americain Gold is attempting to make a bottom here, looking to consolidate in the 1100 – 1120 area. The selling was a series of bear raids determined to shake out the new buyers and weak hands from a very short term overbought condition. The bulls were asking for it, leading with their chins [...]
Dennis Gartman today addresses the seemingly endless pitfall of gold this week in The Gartman Letter this morning. He predicts the appropriate price to be in the $1025 to $1065 range: The Gartman Letter: Gold in US dollar terms, having run from $900/oz in August to $1225 late last week, is long overdue for a [...]
Scott Redler of T3Live.com I was recently interviewed by Debra Borchardt at TheStreet.com about the recent action in gold. As readers of this blog know, I am looking to tier back into the trade, as I do not believe it to be over at this point in time. Be sure to watch my interview at [...]
Donald W. Pendergast Jr. – Market Analyst – www.ETFTradingPartner.com Wow – what a week it was in the world of Gold! After charging above $1,200 on the front-month futures contract earlier in the week, Gold finally finished the week on a very weak note, closing below $1,150, which was right above the low established a [...]
Joe Weisenthal of Money Game In its recent presentation on the future of gold prices, miner Barrick Gold (ABX) bullishly noted the coming, permanent decline in annual gold production. It’s a topic that’s been getting A TON of attention lately, as gold soars. It’s also a relatively new (and controversial) idea, piggybacking on years of [...]
Zero Hedge All it took was for Chairman Ben to open his mouth. The rest is “lift every offer” history. And in other troubling news for the Chairman, Senator Jeff Markley (D-OR), who is on the Senate Banking Committee, joins those on the fence regarding Bernanke’s renomination: “I am still wrestling with that appointment.” Judging [...]