Archive for the ‘Gold ETF’s’ Category

Gold GLD ETF Trading

Gold has been under selling pressure since early December. That powerful drop and the chart pattern it has formed will generally resolves itself after an ABC retrace pattern. I have drawn this on the chart which is what I think will happen in the near term. This daily chart of GLD ETF has a small [...]

GLD – Gold Exchange Traded Fund – 60 Minute Chart

Gold is in a strong bull market but the short term charts have provided over 13 short trades in the past 2 weeks for futures traders playing the bounces to resistance levels. The triangle on the 60 minute chart with declining volume is a continuation pattern of the short term trend which is down. Because [...]

Gold…Yet Again

Scott Redler of T3Live.com We recently reentered the gold trade with an average price of $110.44 on the GLDs after having exited our year long position on 12/3. If GLD can get an hourly close above $111, I will add yet another tier–approximately $1,140 in the commodity itself. Take a look at the chart below [...]

Goldman On Gold: $1,450/Oz

ZERO Hedge And forthwith, the oracle speaks. The much awaited 2010 Commodity Outlook is out. Here is the 2010 summary breakdown: Some commentary: As we start a new decade with the global economy emerging from the worst recession of the post-war era, we expect the commodity supply-side constraints of the past decade to once again [...]

Santelli talks about gold price suppression

Skip to about the 7:45 mark to hear Rick Santelli say, “Central banks have to be petrified about gold going to $2,000! Didn’t Larry Summers write a paper saying that central banks have to keep a lid on the price of gold for obvious reasons?” It keeps getting more and more interesting with nary a [...]

With Gold Completely Out Of Whack, Silver Looks Better By The Day

Recent third quarter data from the World Gold Council showed that while gold supply fell 5%, demand (inclusive of investors) fell a much larger 34%. Yet despite this negative disparity between supply and demand change, gold prices rose during the period. Hard Assets Investor: Year-over-year demand has dropped in each of gold’s three market segments: [...]

How Will Niagara Falls Fit Through a Garden Hose?

by Jeff Clark, Senior Editor, Casey’s Gold & Resource Report “There’s no doubt in my mind that we’ll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions [...]

If Stocks Tank Shouldn’t Gold Soar?

Large banks and more recently pension funds have suddenly become infatuated with gold.  They chant the mantras that gold bugs have known for years:  gold is a store of value;  owning gold is financial insurance;  an ounce of gold will always buy a good suit.  The idea is that if the economy continues to weaken [...]