Articles by Stewart Thomson
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.
After surging towards $1300, gold is taking a well-deserved short- term rest. Can the rally continue? Geopolitics news has gotten most of the credit for this rally, but Indian dealers have been buying huge amounts of gold in preparation...
Is it last call, for US stock market alcohol? The current price action of gold, the yen, the Indian rupee, and Chindian stock markets suggests that investors who have moved their focus from American stock markets to gold, silver and...
The spectacular price action of gold within what I’ve dubbed the “Uptrend of Champions” continues to be impressive. I’ve suggested that the rally is poised to accelerate, and that’s clearly in play.
Gold looks technically superb…and its fundamentals look even better. Inflation is rising in China and the West, the dollar looks shaky against key fiat competitors, and a reversal in American money velocity is imminent.
Hardly a day goes by now without more good news for gold investors appearing, and the pace of this news flow is accelerating.
The world’s ultimate asset, gold bullion, continues to act superbly. That’s because fundamental, cyclical, and technical price drivers are very positive and are in play at the same time.
With each passing day, both the technical price action and the news flow are getting more positive for gold. Gold has also surged through resistance at $1220 and is making a beeline towards my $1250 target zone.
As I have noted for many years, gold has a rough general tendency to decline ahead of the US jobs report, and then rally in the hours and/or days following the release of the report. The next monthly jobs report will be released at 8:30AM ...