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 […]
Tag: US dollar index
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 […]
Catalyst for Gold Locked and Loaded?
Gold Outshines the S&P 500 in 2018 We believe that gold bullion and gold mining equities may be poised for a multi-year uptrend. Gold bullion beat U.S. equities for the month of December, the fourth quarter, and the full calendar year of 2018. Spot gold1 declined 1.58% versus the 4.39% drop […]
So Close, Yet So Far | Cliff Droke Seeking Alpha
From Cliff Drove at Seeking Alpha: “It should also be noted that while the U.S. dollar index (DXY, below) remains below its 50-day moving average. It’s still close enough to the 50-day MA that a recovery back above it could quickly be made. Thus, it may be necessary for the […]
The History Of Gold And The U.S. Economy
Bank Panics I had a rather lengthy conversation with my granddaughter. She had just spent a really busy week in school on the subject of gold vs paper money. She was learning about the economy which suffered in the 19th and 20th century that was referred to as Bank Panics. […]