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Gold Market News

14 hours ago
New York (April 29)  Gold spiked on Friday as forecast-beating euro zone inflation aided the euro against the dollar, while the global... Read More
14 hours ago
Mumbai-India (April 29)  Indians are slowly moving from investing in gold to putting their money in bank products, according to Uday Kotak... Read More
14 hours ago
Washington (April 29)  Since President Trump took the Oval Office on January 20, U.S. stocks have gained 5%, building off a post-election... Read More
 

Latest Gold Articles

Time to bust yet another hole in the “stocks are cheap” argument. As we’ve already noted earlier this week, based on the only valuation metric that can’t be massaged, stocks are more expensive than they were in 2007 and on their way to tying the all-time high...

Gold has had a wild ride since Trump’s surprise election win in early November.  This metal first plunged then surged, ultimately making little headway.  It wasn’t until mid-April that gold regained its pre-election levels.  This overall lackluster gold action was...

Ten years ago, U.S. Global Investors embarked on an experiment in digital communications. Let me set the stage. It was April 2007, when the financial crisis was not yet a blip in the capital markets. The Dow Jones Industrial Average was holding steady above 13,000,...

A few weeks ago we wrote about silver’s move to the key resistance line and the huge importance of the invalidation of the breakdown below the line based on the weekly closing prices. Silver is now significantly below the resistance line, but the key question is if the decline is already over. Well, it seems that it’s far from being over and the analogy that we are going to discuss shows just how far it could be from being over.

This time, the U.S. central bank did not make us wait too long for the next hike. Just three months after the hike in December, the Fed moved interest rates up again. Although the pace of the current tightening cycle is extremely gradual, the U.S. central bank is...

When forecasting the price of anything, there can be some inherent bias depending on when you forecast from. When gold is riding high, it’s tempting to see optimism—when gold is riding low, it’s tempting to look the other way. There’s no quest...

There’s this notion put forth by the majority in the precious metals community that the Fed and Central Banks control the market price of gold.  I have even heard that some analysts believe the Fed could push the gold price anywhere they saw fit…even to zero.  While...

In last week’s Insight article, America’s Financial War Strategy, I described how the Chinese government viewed the geopolitical scene. It is clear from earlier remarks by the Peoples Liberation Army’s senior strategist, Major-General Qiao Liang, that the view in...

Gold has lost 1.5% since the close last week. The French election outcome supported risk assets, and traditional safe havens like gold, US Treasuries and the Yen got sold.

What happens when new currency is created with few limits by central banks and commercial banks? Answer: Far too much debt and currency are created. Central Bank Balance Sheets have increased by $10 trillion in the last decade and $1 trillion YTD in 2017.

It’s no secret that the stock market is having an ambitious week. The NASDAQ went over 6,000 points this week as the Dow Jones Industrial Average put up extremely healthy numbers. And as many gold and silver investors know, this kind of optimi...

Trump’s first 100 days in office have been a whirlwind but so far the ‘Trump Trade’ of being long stocks has worked for investors and speculators. Will markets continue to be so forgiving of the many foreign and domestic policy failures including the failure to...

An up thrust soon exceeding 1290.10 would put bulls squarely back in charge. At that point our minimum upside objective would be 1315.10, a Hidden Pivot taken from the hourly chart where A=1248.20 on April 10. Alternatively, if the futures fall for a second...

On the heels of gold and silver continuing to consolidate gains, the war in the gold and silver markets continues as the commercials (Fed, BIS, bullion banks) shorts in the silver market just hit a new all-time record! As we know the silver futures short positions...

The US Congress runs up against their self-imposed borrowing limit once again this week. During the last tussle over the borrowing cap in October 2015, Congress agreed to schedule this week’s political theater to occur well after last Fall’s elections.

Traders could bottom-fish there with a stop-loss as tight as four ticks, but I’ll recommend this only to those of you who have caught a piece of the short on the way down.

First published on Saturday April 22 for members of ElliottWaveTrader.net:   With the GDX breaking below the 24 level this past week, it has strongly suggested that it is not yet ready for a parabolic run.   And, as I ...

Gold bullion imports into China via main conduit Hong Kong more than doubled month-on-month in March, data showed on Tuesday as reported by Reuters.

A tsunami of inflation is rapidly moving through the financial system. Most investors only pay attention to the Federal Reserve. And they are missing the BIG PICTURE for Central Bank monetary policy. The Fed is tightening policy by hiking rates. But the rest of the...

Gold price enthusiasts are wondering why the recent rally has suddenly lost its “mojo”.  Some analysts worry about the GDXJ ETF portfolio rebalancing, and others are focused on the global stock markets rally.

OK, drama’s over. The French election has turned out pretty much exactly as expected. For all that some of the papers are leading with “French revolution” headlines, the reality is that a face-off between the right-wing Marine Le Pen of the Front National and...

The Federal Open Market Committee is set to meet in early May to decide whether it will continue to raise rates. Now, traders are pricing in this event already, and they’re expecting rates to remain unchanged, just a few weeks ahead of the meeting. The yield curve...

With the first round of the French elections over and a potential beginning of the end for the Eurozone might be within sight, this is only one of the macro-political events that are causing gold prices to be within 1% of shuttering its 10-year resistance level.

This week I will be in Washington, D.C., attending Evercore ISI’s Energy Policy & Geopolitics Conference, where I will be visiting senior staff from the White House infrastructure team and House Energy and Commerce Committee. I will also be meeting with John...

Daily Gold Chat Recent Posts

chris-d: > now, but will be soon. We have a one world currency (gold). The banksters are doing everything...
Au Gratin: Nothing except a sharp drop in the dollar is going to move gold higher. And a sharp drop in the...
chris-d: Cheap financing subsidizes or enables companies or governments to expand debt or produce a glut...
The King James Bible mentions gold 417 times. Not once does it mention a paper currency.