Three weeks ago on February 5th, we saw an extremely high level of fear in the market with selling vs. buying volume at a 9:1 ratio. We note that in 2009 this extreme level of fear occurred at the bottom of each significant pullback. Since this panic selling low in February 2010 we have seen [...]
The Mess That Greenspan Made Some of yesterday’s surge in the price of gold bullion was apparently driven by this report from Pravda that his since been de-bunked by the more mainstream financial press: China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket [...]
The Mess That Greenspan Made It’s been an interesting few days and an even more intriguing last two hours or so for both the trade-weighted U.S. dollar and the gold price as, on a daily basis at least, they now seem to be moving together more often than not. On Monday and Wednesday this week [...]
By Jeff Clark, Casey’s Gold & Resource Report How many IMF officials does it take to change a light bulb? As you probably read, the International Monetary Fund announced they would proceed with selling the remaining 191.3 tonnes of gold from the 403.3 tonnes planned. The money is to be used for lending to poor [...]
It’s been about eight days since we did a video on gold, and given the market action today I thought I would look at what is causing the downward pressure in this market. If you did not watch my last video on gold, I strongly recommend you click here to watch the video titled “Five [...]
Submitted by Nic Lenoir of ICAP Game plan has been to play long in Gold since 1,063. However we advised taking chips off the table partially at 1,125 as the market has not validate a break-out with a daily close. We have pulled back on the 1,097/1,100 support zone today, we would be cautious here. [...]
Joe Weisenthal of money game Gold’s action hasn’t been particularly jawdropping of late unless you consider what it’s been up against. Last week there were two events that were bad for gold: Bernanke tightening and the IMF dumping, and yet it held strong, and in recent action it’s staye solidly above the $1110 line, which [...]
Gold still looks very bullish. Actually, the more gold pulls back the more I like the chart. This daily chart shows a very nice bull flag. The price is currently testing the upper trend channel line and this is what makes me think we are going to see a pop in gold prices or a [...]
Jesse’s Cafe’ Americain Gold Weekly Silver Weekly Miners ‘Gold Bugs Index’ Weekly Free E-Mail Trading Course Here
A few weeks ago on February 4th, I penned an article for Kitco forecasting the gold correction trends and the likely outcomes. My opinion was that gold was pulling back to work off excessive optimism from the early December 09 highs. This type of pullback was orderly and there was a gap at 102.50 on [...]