Money Game Gold continues to be stuck, violently darting in a range from around $1230 to $1260, waiting for a major move. Today gold is selling off amid the flight to the dollar, though we wouldn’t be shocked to see it turn on a dime at any point during the day.
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report While a few mainstream outlets are coming around to at least acknowledging gold’s stellar run, most remain skeptical or outright bearish. And the blasphemy they purport is that gold is in a bubble. Let’s settle it, right now, and shut these naysayers up. Gold returned 10 [...]
Justice Litle, Editorial Director, Taipan Publishing Group As an asset class, gold stirs the passions. Some folks love it, and others despise it. Be wary of those who will never own gold. As I write this note to you on Friday, fingers flying over keys like the flickering quotes on my screens, Pink Floyd’s “Learning [...]
Gold Scents We continue to hear pundits describe gold as a bubble. Certainly it will turn into a bubble before this is all over but we are hardly in the bubble stage yet. In order for a bubble to form you need the public to come into an asset class. The public is pretty dim [...]
Tim Iacono I’m not much for technical analysis and was admonished not long ago for calling a “triangle” pattern a “wedge” (or something like that), but it’s nice to see that the forming head-and-shoulders top for the gold price has now been averted as shown below. Now, that’s not to say that a new one [...]
In today’s video on gold, we share with you the 4 instruments that we are looking at and share with you our projections for the spot gold market. Click Chart to view the video
by Tyler Durden The closing of gold at an all time high price did not prevent GLD from purchasing 1.9 tonnes of gold on the last 24 hours. The ETF increased its gold holdings NAV from 1306.1 to 1308. The all time record high holdings of the precious metal represent a 7.5% increase in the [...]
By Jordan Roy-Byrne, CMT Escalating sovereign debt problems in Europe has prompted some to wonder if another “Lehman” type collapse is on the horizon. As a result, some precious metals observers have grown cautious, fearing a replay of the events of two years ago. While it is always prudent to be cautious with an extremely [...]
Fast Market Focus The August Gold is leaving little “technical” gaps all over the place. Classical technical analysis suggests that gaps on a chart will be filled. (It doesn’t specify when though.) I will not worry about the gap on the downside being filled and instead, focus on the upside. Should the Gold attempt another [...]
Gold ETF continues to unfold as planned. We caught a good chunk of the recent rally and are now in cash waiting for another low risk entry point in the coming days or weeks. If you would like to get my trading analysis and trading alerts check out my services at: www.FuturesTradingSignals.com and www.TheGoldAndOilGuy.com Chris [...]