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 [...]
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report As a self-professed gold bug, why would I possibly want my favorite investment to fall in value? Have the long hours finally caught up with me? Au contraire; my near-constant devotion to all things gold has only served to crystallize one of the things I really [...]
Gold Stocks and the Dollar The HUI (Gold Stock Index) has been on fire the past 10 months. Both gold and gold stocks have been leading the market higher. But the past month we have seen gold stocks under perform the SP500 and as of today are testing a key support level. Only time will [...]
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 [...]
Donald W. Pendergast Jr. – Market Analyst – www.ETFTradingPartner.com Wow – what a week it was in the world of Gold! After charging above $1,200 on the front-month futures contract earlier in the week, Gold finally finished the week on a very weak note, closing below $1,150, which was right above the low established a [...]
Mad Hedge Fund Trader Featured Trades: (GOLD), (GLD) (HARD ASSETS INVESTMENT CONFERENCE) 1)Welcome to the new gold standard! There was a time that to own gold you had to be a “gold bug” and believe in the myriad urban legends that percolated in the underground. Fort Knox is either empty, or full of gold plated [...]
Vincent Fernando of Money Game RBC has calculated that gold-related shares are currently pricing in a long-term gold price of $940, according to a chart highlighted by FTAlphaville. While such excel-model calculations always need to be taken with a grain of salt, by RBC’s numbers Barrick Gold (ABX) appears as relatively under-valued. It would be [...]
Infamous wave theorist Martin Armstrong (see this New Yorker profile for background) sees gold going to $5,000 plus. His first line is a doozy, and it sets his tone: Gold has been among the most hated subjects by the socialists, because with each dollar that it advances, it reveals the delusion that they seek to [...]
By Jeff Clark, Casey’s Gold & Resource Report A couple weeks ago, I had my TV tuned to a business show that loves to give predictions on the markets and the economy. On that day, one of the program’s regular guests declared it was time to “short” gold, that it had reached its top, and [...]
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 [...]