Gold Market Analysis
Technical analysis to forecast and predict the future price trends of gold and other precious metals, as well as the US Dollar and the Euro.
Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows. But last month's hyper-pessimistic sentiment deserves some reflection before it totally fades from memory.
The following article appeared on the web this morning. It reports that India will be paying Iran in gold for the oil that it will be purchasing
Any perusal around the world these days features Southern Europe crippled, preparing for the inevitable Greek Govt Bond default.
Despite gold's powerful secular bull over the past decade, gold stocks remain vexing to investors and speculators.
The current standoff in gold is approaching resolution and evidence is starting to pile up in favor of an upside breakout.
Last year was an eventful one for the gold market. The yellow metal was up 10 percent in 2011 for its 11th consecutive annual gain. But despite making an all-time high on Sept. 5 at $1,900/oz.
Over the past five months gold has fallen sharply and is no longer headline news which it once dominated back in 2011 when it was making new highs every day.
All in all we had a pretty good week with major US averages slowly breaking out higher and holding so far, but still we're not seeing massive moves and a full scale bull market breakout.
Since rocketing to new all-time highs last summer, gold has weathered a major correction.
There is a strong probability that the correction in the price of gold has been completed. This article has four separate sections. They are:
MF Global went down in October and the government which can sniff out weapons of mass destruction thousands of kilometres away in enemy territory, still cannot figure out what happened to $1.2 billion in its own back yard.
Events in the last decade displayed a vigorous effort to defend the USDollar. The rogue nation of Iraq sold crude oil in Euros for three years, until they were liberated.
Gold bugs argue that Gold is far from being a Bubble. Especially not when you look at the following comparison, which plots Gold's rise versus the Nasdaq's rise in the 1990?s.
We have in recent weeks been rather confused by the contradiction between the strongly bearish price patterns that are developing in gold and silver, which are indicative of a major top that portends a bruta
Some analysts believe that gold has bottomed . I think they may be missing something important.
The cyclical bull market recovery which began in March 2009 was powerful in its first year, moderately strong in 2010 and visibly weakened by the end of 2011.
The new year started off with a bang with precious metals out-shining the competition. Is this a harbinger of things to come? We think so and we are not alone.
Gold had a tough December, falling 10.5% to grind along near its worst levels since July. This sparked hyper-bearish sentiment and end-of-gold's-secular-bull talk.
2011 was a good year for gold bullion, up 11.3%, but a tough year for gold stocks which declined 18.3% based on the XAU index of gold and silver stocks.