Gold rose to daily highs on Tuesday afternoon as 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 […]
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: >>
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 […]
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 rhymes.” I […]
After 20 years and three renewals, the signatories to the Central Bank Gold Agreement (CBGA), a cartel like syndicate of central banks in Europe, have just announced that they will not be renewing the Agreement when it expires this coming September. While the real purpose of the CBGA was always […]
Gold prices are solidly higher and nearer daily highs in midday U.S. trading Wednesday. The precious metals were boosted today by comments from Federal Reserve Chairman Jerome Powell to the U.S. House of Representatives. Powell cited several concerns regarding the U.S. economy that traders deemed dovish on monetary policy. August gold […]