When the price of gold enters a key buy or sell zone, it’s better to think less, and simply act with firm buy or sell action! There were a lot of reasons why gold should have gone higher in the $1305 - $1320 area, and it did go to about $...
Gold is no longer vulnerable. It has entered a nice buying area. The $1225 - $1200 price zone is both technically and fundamentally important. Here’s why: The average cost of producing gold is now approximately $1210. Fundamentally...
Gold is vulnerable. It’s technically overbought…and a developing top pattern is a concern. The $1305 - $1320 resistance zone is significant, and in my professional opinion, the rally to the $1380 area was not big enough to turn that...
For gold investors, some days are more awesome than others - and I’ll boldly suggest that today is one of those days. Here’s why: Inflation is no longer near. It’s here. Measured by “stuff used”, China is the world’s largest economy....
The US election is now only about two weeks away. The winner of this election is likely to be…GOLD. Here’s why: Both candidates are eager to increase infrastructure spending, and that’s likely going to open the door to congressional...
The SPDR fund tonnage increased again yesterday, and now sits at 967 tons. This is obviously good news for all higher gold price enthusiasts. Gold is attempting to stage a nice upside breakout from a small symmetrical triangle pattern.
The world is undergoing a major economic transition from deflation to inflation. Sadly, very few retail investors are correctly positioned to benefit from this exciting change. In the big picture, the transition means that gold stocks...
The US jobs report is scheduled for release at about 8:30AM on Friday. As I’ve noted many times, gold has a rough general tendency to trade lower in the days before that report is released. When the report is released, gold tends to trade...
If gold is to move substantially higher and retain the bulk of those gains, inflation needs to become a significant concern.
The world is about 24 hours away from key BOJ and Fed meetings that could create a sea change in global markets. Strong handed gold investors don’t appear to be worried about the BOJ and Fed meetings, and with good reason; a rate hike from...