Articles by Stewart Thomson
Is sizable QE tapering really going to happen? Perhaps, but the Fed has based the implementation of tapering on a consistent drop in the employment rate, and a steady increase in the housing market.
A number of bank analysts have suggested that gold could decline to $1000 in 2014. If economic reports continue to suggest growth is accelerating, the Fed might taper quite aggressively, and that could hurt gold prices.
As gold soared towards $1434 recently, greed seemed to be making a comeback. From the lows near $1180, the golden metal had rallied about $254, with only one minor pullback.
“Gold prices are likely to moderate to 1,300/oz by the end of 2013 and then gradually decline to 1,100/oz by the end of 2014 as economic growth in major economies regain momentum as investors increase their demand for riskier assets,...
“Demand right now is next to nothing," -Michael Kramer, U.S. coin dealer being quoted by Reuters News, Aug 20, 2013. Over the past few days, I’ve been a fairly heavy seller of gold bullion and gold stock trading positions.
ECNS (English China Daily News) reports that “all may not be well”, in the Chinese gold market. When gold crashed in April, crowds of Chinese citizens were seen buying gold, but they may not have realized how much further prices have...
The gold community loves (rising) gold stocks. On that note, I have a new buy signal in play, for swing traders.
Gold has staged a strong rally, and the recent action has created more positive signals, from a technical perspective.
Oil may hold the key to the next big move in gold. On the geopolitical front, the Iranian government’s nuclear program could trigger an attack from Israel, and that could cause oil to surge higher. Syria and Egypt are two more “hotspots...