It seems as though frustrated junior speculators are clicking sell buttons for tax-loss earlier each year. And despite the gold price remaining well above its breakout region of $1375 to $1400, even more so in 2019. A combination of a Fed rate cut pause, tax-loss selling, and expectations of an […]
Speculative interest in gold may have run its course, but investors shouldn’t completely disregard the precious metal even as record equity markets hog all the limelight, according to one market expert. Steve Dunn, head of exchange-traded products at Aberdeen Standard Investments, said in a telephone interview with Kitco News that […]
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. […]
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 […]
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 […]
As a long-term bull market in Gold is underway it is important to keep an eye on the critical levels of support and resistance. For those of you holding physicals or investing in non-leveraged products; Well then these twists and turns might not mean as much as someone using futures. […]
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 […]
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 […]