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Gold Market News

13 hours ago
New York (May 18)  It was another brutal day for gold prices. Gold futures basis the most active June contract opened at $1285.80 this... Read More
13 hours ago
New York (May 18)  Gold settled lower on Friday, losing 0.9% for the week. Comex June gold shed $10.5, or 0.8%, to close at $1,275.7 per... Read More
1 day ago
Mumbai-India (May 17)  Gold prices on Friday declined by Rs 160 to Rs 33,170 per 10 gram in the national capital due to tepid demand from... Read More
 

Latest Gold Articles

Stocks posted their fourth straight weekly loss across all three headline indices this week, but more important than that they proved convincingly on Friday that the market is as fully intoxicated as I claimed in my recent article, “Hopium Floats.”

The Fed promised that the quantitative easing would be only temporary and that it would reduce its ballooned balance sheet to the pre-crisis level. Now, as the Fed adopted an interest targeting with ample-reserves, we know that this is not going to happen. We invite...

Here are today's videos and charts.

Precious Metals traders have been hanging on every turn in the markets over the past 2+ years.  The upside price move in early 2016 setup a very strong expectation that...

The major gold miners’ stocks are drifting sideways with gold, their early-year momentum sapped by the recent stock-market euphoria. But they are more important than ever for prudently diversifying portfolios, a rare sector that surges when stock markets weaken....

How can a small clique of gold owners holding less than 0.5% of world financial assets be right? They are clearly a minuscule minority of obstinate goldbugs and contrarians who are living in the past. Or do these people see something that the majo...

Many traders are watching the recent 3-day rally thinking “this is the end of the downside price move” and targeting new entry positions for the eventual upside price breakout.  We're here to warn you that our ADL predictive modeling system is suggesting we could...

Although most of the precious metals sector has trended lower in recent months, gold has held up well. It and the other, weaker components of precious metals got a boost on Monday when China retaliated with tariffs of its own.

I have had a rough time for the last few weeks coming up with commentary that has anything new to say. It seems that we are bombarded day after day with talk of trade wars, tariffs and counter-tariffs.

On Monday, the price of gold has briefly jumped above $1,300. For the next two days, the yellow metal has been holding near that important psychological level, although it failed Tt rally subsequently. Let’s take a look at the trigger(s) of the upward move. The...

Stocks retraced some more of their Monday’s sell-off on Wednesday, as investors’ sentiment improved following economic data releases, among other factors. The S&P 500 index fell the lowest since late March and it got closer to the 2,800 mark on Monday. Will the...

I would like to update some ratio combo charts which may give us a sense of the bigger picture. It’s like putting the pieces of a puzzle together where the small pieces don’t look like much by themselves but when they’re all added together it paints a clear picture...

Gold hasn’t had much success moving higher yesterday. Its breakout above the neckline of the previously completed head-and-shoulders pattern is close to being invalidated. Will that invalidation happen prior to or shortly after the Friday’s options expiry? In...

We’re seeing some nice moves in the currencies today. After a couple of days hesitating, the euro has made a profitable move lower. The loonie bulls aren’t making much headway either. Today is simply a risk-off day. In days like this, it’s important to be positioned...

Egon von Greyerz discussed “3 Dozen Reasons to Hold Gold” and mentioned price targets of $30,000 for gold and $3,000 for silver. Gold sells for $1,310 and silver sells in the mid-$15s. His numbers suggest that gold could increase by a factor of 20 and silver by...

On several occasions since late 2018, we've written about the current similarities to 2010. This "2010 9" theory became our theme for 2019, and we wrote about it here:

"We are fighting all the money and the power in the world ..." - CALL To ACTION: Precious metals suppression is only possible if gold buyers and investors give their money & energy to Wall Street and keep money in banks and in proxy gold such as ETF gold,...

The stock market fell in capitulation on Monday, a ‘c’ of “z” type wave that got everyone beared-up. Monday was the 16 TD low and could be the 20 week low as well (94 trading days of the 100 trading day low +/- 15 trading days). The ten week went 49/50 trading days...

An unexpected news event caused the stock market to plunge over the past week, with the Dow Jones Industrials losing several hundred points. Stocks had been crawling back up toward new highs last month in low volatility trading…until suddenly, a black swan arrived...

I have a confession to make: There are no free markets anymore; there are only interventions. Of course, I bow to Gold Anti-Trust Action Committee (GATA) cofounder Chris Powell, who coined that brilliant phrase a few years ago, because it was certainly my exposure...

The short seasonal rally for gold that typically follows India’s Akha Teej holiday (May 7 this year) is in play but this time it is being “juiced” by a major US stock market meltdown! In a game with nine innings, the US business cycle is probably in the eighth or...

As the chart of the GDX Gold Mining Index below illustrates, gold stocks have been moving sideways at a very depressed price level for close to the last six years, at price levels off over 67% from their 2011 high. Given that gold’s price is only approximately 33%...

Daily Gold Chat Recent Posts

Brett Star: First and foremost, the Chinese have too much pride (Zihao) to allow Trump any type of trade...
Vronsky: Here is another way of viewing the US Treasury Yields Inversion: https://fredblog.stlouisfed.org/...
Vronsky: ...which heralded 2 horrific stock market crashes. Moreover, the 3 US indices of DOW, S&P500...
Gold is one of the most recycled substances in the world.