From a technical, fundamental and seasonal perspective, the current gold price correction is exactly what “the golden doctor has ordered”.
Gold continues to garner solid global institutional support…and shows great resiliency on every sell-off against the dollar.
Gold rose towards key resistance a week ago. The resistance is defined by the 2013 price point of $1320 and the 2015 price point of $1307. It reached about $1306. As it did, I called the market a “profit booker’s delight.”
Gold and related assets continue to stun most analysts and investors as they surge relentlessly higher against American fiat currency.
All institutional analyst eyes are on this week’s central bank announcements from Japan and America. Most gold community analysts seem to have a difficult time grasping the idea that Japan’s fiat currency is viewed by top FOREX money...
Gold continues to astound most analysts, as it moves relentlessly higher. This is the daily gold chart. The triangle pattern in bullish play is perhaps best described as an “Ode To Awesomeness”. Note the inverse head and shoulders...
The price action continues to be superb for most mining stocks held by the Western gold community. Now, silver bullion is poised to join the upside fun. That’s an indication that the current rally will enter its final stage. The final...
Gold continues to track the sideways action of the US dollar against the Japanese yen, ahead of Friday’s important US jobs report. Investors, who focus only on the USDX are focusing mainly on the action of one risk-on currency (the dollar...
As it often does, gold is pausing ahead of this week’s FOMC meeting. I don’t expect Janet Yellen to raise rates this week, although recent jobs reports and the oil price rally are likely tempting her to do so.
The gold price action continues to look spectacular, as the rally gains both technical and fundamental momentum. This is the beautiful daily gold chart. Gold has staged a majestic upside breakout, as I predicted it would, from an...