The past 7 days we have seen both the US Dollar and Gold rise together which is not something that happens often. With financial crisis’s popping up around the world I think the US dollar and gold will continue to strengthen (with corrections along the way). I think it will take another 12-24 months before [...]
By Jordan Roy-Byrne, CMT of The Daily Gold Since early 2009 we’ve written about the super-bullish long-term cup and handle pattern in Gold. It dates back to 1980 and has a logarithmic target of about $2,100. We noted that previous cup and handle patterns in Gold all reached their logarithmic target1. We expect that this [...]
SK Options Trading On the 8th of December 2009, we wrote an article exposing what we thought was an excellent opportunity for option traders. Gold was correcting from its end of year rally to $1225 and many believed that the yellow metal was heading back to three figures. However we disagreed and suggested a risky [...]
by Tyler Durden Did the LBMA Au plunge enforcement team all take a bathroom break at the same time? The catalyst – dollar dumping accelerates as euro surges on German Finance Minister’s latest words (not to be confused with his words from an hour ago which contradicted the latest batch), who said that Germany is [...]
Here at Casey Research, we eagerly awaited the release of quarterly reports from the companies in our favorite sector. Why? The gold price was substantially higher last quarter than during the comparable meltdown quarter of 2008, so we were anxious to find out if it would lead to a spike in profits. Gold and silver [...]
In this new (brief) video, I show you how this market is setting itself up for a large move to the upside. I’ll also point out that I don’t think this is going to happen tomorrow. The video is about two minutes long and I think it will give you a great insight into the [...]
By Jordan Roy-Byrne, CMT In recent commentaries, we’ve focused on the macro factors that will drive acceleration in the precious metals sector. Namely, the gradual exodus from both government and corporate bonds as authorities are forced to monetize debts in an effort to avoid rising interest rates, which would hasten default and bankruptcy. This, and [...]
Gold Scents I’ll start off with an analogy. Let’s say you just bought a business, a small restaurant. You open for business on Monday and after a week you have grossed $6000. You’re feeling pretty good about how things are going. The business is up and running. Dollar signs are floating in your brain. Then [...]
Chris Vermeulen Last week was exciting with broad market and gold forming an intraday reversal pattern after a long overbought rally, then broke down though short term key support levels. While this move lower was tough on the pocket book for those who chased the market up the past few days and/or were not moving [...]
Gold has had some dramatic moves in the last eighteen months and we expect it will have some equally dramatic moves in the future, but not right now. While I recognize that gold is one of the few commodity markets that people are really passionate about; the purpose of this article is not to take [...]