Articles by Stewart Thomson
Technically, all sectors of the gold market look bullish. Regardless of whether a daily chart, weekly chart, or a monthly chart is used, all technical lights are green.
Liquidity flows into or out of the “love trade” (gold jewellery) and the “fear trade” (inflation and financial system risk), are the two main drivers of the price of gold. The strongest gold jewellery buyers are in India, and the election...
Today is expiry day for gold options. I’ve suggested that gold is unlikely to begin a trending move until options on the June COMEX contract expire.
Gold continues to trade sideways. The next trending move may be decided by an important economic report. Janet Yellen is scheduled to speak at Yankee Stadium tomorrow morning, and the FOMC minutes will be released a few hours later.
Many bank economists believe second quarter GDP growth in the United States will be about four percent. This daily Dow chart shows that a modest upside breakout to new highs occurred on Monday.
Western bank economists continue to make very bold and aggressive statements about lower gold prices in 2014, based on stronger growth in America.
This could be a breathtaking week for gold investors around the world. A huge number of key financial reports and meetings are scheduled, and any one of them is probably capable of moving the gold price quite significantly.
In many countries, inflation is beginning to creep higher. Please click here now. That’s the Australia CPI (Consumer Price Index), courtesy of Trading Economics. The next report will be released today. Note the recent jump in prices....
As gold traded in the $1310 area a week ago, I said, “The door of possibility is now open to some further strength, with a short term target of about $1320 -$1325.”