By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report Tracking the numerous ongoing bullish factors for gold is quite a chore. There are, quite literally, so many compelling arguments for holding our favorite metal that I used to catalog them each month in our letter. The reason there are so many “reasons” is because [...]
Click The Chart To View The Video Gold has made some exciting moves recently, but what can we expect in the future? In today’s video, Adam points out five reasons that he does not expect gold to make a new high just yet.
Last week ended on a positive note with stocks and commodities pushing higher into Friday’s close. The market overall is looking very unstable here and this week I figure there will be some big price movement. Below are the charts on the DIA, GLD, SLV, UNG and USO funds so you can get a feel [...]
The Mad Hedge Fund Trader Brace yourself for the impending gold shortage. Gold shortage? Yup. With the launch of a flurry of dedicated gold ETF’s last year, total ETF holdings of the barbaric relic, now exceed total world production. South Africa suffered its steepest decline in gold production since 1901, falling 14%, to a mere [...]
Everyone is wondering if gold, silver and the indexes have bottomed after last week’s heavy selling. To put things into perspective there were over 30 sell orders for every 1 buy order at the NYSE. That is pure panic and to confirm extreme fear, several of my broker buddies said last week was crazy with [...]
On Friday analyst Dennis Gartman weighed in with his take on yesterday’s commodity market weakness. Commodity prices have all but collapsed as the dollar and the Yen have soared, and nowhere was that more evident than in the precious and base metals markets. Grains might zinc, aluminium, tin, et al… break trend lines in tandem [...]
David A. Banister Around two months ago I advised my Partners to look for Gold to drop to the 1040-1070 area in US dollars. This followed my projection in early August of a Gold rally from 900 to 1250 before the next top, and I was close as we hit $1,225 and rolled over. This correction [...]
Gold – 24 Hour Trading Chart Using 8 Hour Bars This chart allows us to look far enough back to see key support and resistance levels. Today we saw gold sell down with rising volume which is bearish.
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report My Grandmother’s favorite word for politely describing the obtuse among us aptly characterizes a recent attack on gold. And that it comes from an investment magazine that commands front-of-the-rack prominence in waiting rooms across our great land is reassuring evidence we have a long way to [...]
$GLD – “popped to other side of 107 node, if holds, then maybe we can get rotation up 110 t/l or 111.5 node” FREE GLD Trading Report Here