Breakdown A combination of geopolitical events has dampened earlier gains in gold futures. The precious yellow metal traded to a high of $1501 per ounce before softening on the close. As of 4:10 PM EDT gold futures are currently trading up $1.50 on the day and fixed at $1495.60. […]
Tag: gold discovery
Chair Jerome Powell: “Fed To Expand Balance Sheet ‘Soon’”
Gold rose to daily highs Markets digested Federal Reserve Chair Jerome Powell’s comments. That the U.S. central bank will start expanding its balance sheet “soon.” December Comex gold futures were last trading at $1,510.10, up 0.38% on the day after briefly touching Tuesday’s high of $1,515 an ounce. Powell remained potentially […]
The Most Important Thing To Have Happened To Gold This Year
A slight pullback in gold should not deter investors from the fact that the yellow metal is still in a bull market, especially after sentiment has shifted in its favor recently, said Adrian Day, CEO of Adrian Day Asset Management. Read Full Article Here: >> Or Go Back To All […]
Silver Technically Joins Gold In A New Bull Market
December Gold With December Gold continuing to consolidate recent gains above $1500, investors have begun to move quickly into the cheaper safe-haven option of silver which has surged 12% this month and touched an over two-year high of $18.76 on Thursday. Unless there is a harsh selloff later today below […]
Gold Explodes Before Pulling Back
Although we have been bullish gold since the $1,280 level and achieved our first target of $1,500. All week we wrote that gold would churn around this level before finally breaking out. However, with all of the troubles around the globe and all central banks cutting rates Gold exploded on Wednesday trading […]
Gold: The Unfortunate Final Refuge
Frank Giustra: I have always been amazed by our collective ability to forget history. This applies to everything from politics, to war, to economics. The same things repeat with varying predictable patterns throughout the centuries. As Mark Twain is reputed to have said, “History doesn’t repeat itself, but it often […]
No Renewal: The CBGA Central Banks In Europe Look Ready To Buy Gold
We’re twenty years and three renewals later. The signatories to the Central Bank Gold Agreement (A cartel like syndicate of central banks in Europe) have just announced; that that they will not be renewing the Agreement when it expires this coming September. While the real purpose of the CBGA was […]
Gold Edges Up As U.S. Existing Home Sales Disappoint
Gold prices edged up after U.S. existing homes sales missed expectations in June. This is according to the latest report from the National Association of Realtors (NAR). Existing home sales decreased 1.7% last month to a seasonally adjusted and annualized rate of 5.27 million units, compared to May’s annualized rate […]