All gold community eyes should be on the month of March, for three key reasons. First, London is the world’s largest gold trading centre. The LBMA sets the price with a “fix” that is created by bank traders, using telephones.
Gold is off to a great start this year. That’s the daily gold chart, and it looks superb. The strongly bullish technical action reflects the positive fundamentals of the gargantuan Chinese and Indian jewellery markets. Those two nations...
While I predicted a huge rally in gold would usher in the new year of 2015 in a spectacular way, the top bank economists have failed again. Most of them predicted, “No rally for gold!” Their dire predictions in 2014 all failed to...
I expect global jewellery demand to support consistently higher gold prices, well into the month of February. That’s partly because Chinese stock markets had a tremendous performance in 2014.
In late 2013, I predicted the Fed would taper its QE program to zero, and the first taper would cause gold to rally, stunning the Western gold community. I also predicted the taper would turn the US stock market into a “wet noodle.” That’s...
Gold is ending the year on a solid note. The bears promised that 2014 would be a horrible year for gold. Many bank economists predicted “double digit declines.” None of their shrill predictions have come to pass. That’s because the gold...
As the end of the year approaches, gold is swooning a bit. That’s the daily chart for gold. A broad and gently sloping uptrend channel has been established, with very volatile price action between the channel lines. I expect gold to...
As the end of the year approaches, gold is swooning a bit. That’s the daily chart for gold. A broad and gently sloping uptrend channel has been established, with very volatile price action between the channel lines.
Is Santa Claus coming to town this year? For US stock market investors, it looks like the Grinch just stole Christmas!
Is there a strong bull flag pattern in play on the daily gold chart? The US stock market has lost upside momentum, and the falling price of oil threatens to create an “Armageddon” type of event in the junk bond market, yet gold looks and...