After testing the recent lows of $1,850, December gold futures have been trying to breakout to the upside. $1,910 has been the stumbling block where gold has failed the last three days. The long-term trend is still short and failure to take the $1,910 level out, will bring gold back to $1,850 and possibly […]
Gold
Gold and silver price charts depicting ‘Flag formation’
If you are an investor in resource stocks, then the first and a half months of 2020 have been very kind to you, especially so if your portfolio has been over-weighted to the gold/silver sector. I don’t know the exact numbers, but I’m pretty sure that other than the high […]
What Will Work in the Post-Covid Economy? Hint: Gold and Silver – Weekly Wrap Up (Sep 18, 2020)
It’s been a wild week in terms of fiscal policy, and precious metals continue to hold steady in the face of disappointing economic numbers. This week, legendary investor Eric Sprott returns to break down all the gold and silver news you need to weather the post-Covid reality. In this edition […]
Why Next Year Promises Big Things for Gold and Silver – Weekly Wrap Up (Sep 4, 2020)
It’s been a frustrating, dull, no-fun week, but precious metals investors have a lot to look forward to in the next year. Host Craig Hemke and legendary investor Eric Sprott break down all the gold and silver news you need to see the bright future ahead. In this edition of […]
Gold, silver and platinum hold support
Gold, silver and platinum held support on Thursday, showing that they are not going straight down. However, the facts are simple: the metals are weak and have a great potential to break hard to the downside. There is no doubt that there are reasons to own gold. However, price action […]
Gold, silver see strong price rebounds on “inflation trade”
Gold and silver prices are trading sharply higher in early U.S. trading Friday, following a wild session Thursday, in which the yellow metal’s price was up over $30 at one point and down over $25 at another. It appears metals traders to end the week are focusing on the bullish […]
You can’t call this market normal – Peter Hug
“Regarding the sharp sell off on Wednesday, Hug lays the blame on lots of long positions that needed lightening ahead of the Fed announcement. “They were just making sure that if the Fed said something different…they would be able to take some money off the table. And I think that […]
Gold price sharply down as Russia approves Covid vaccine
Gold and silver prices are sharply lower in early U.S. trading Tuesday, with the yellow metal falling back below $2,000. Traders and investors have put risk back on the table today, due in part to news overnight that Russia has approved a Covid-19 vaccine. Russian President Vladimir Putin told reporters […]