- The Long and Winding Gold- (Bull Cycle about to Begin)
April 05 2013 8:42 AM
The dramatic 2-3 day take down in Gold Spot pricing action smells and looks like capitulation to us at The Market Trend Forecast. We have been calling this entire 19-20 month consolidation period as a Primary wave 4 correction pattern, though complicated for sure. It has had multiple false rallies and buy and sell signals the entire time. With that said, the pattern is set up for final 5th wave decline which we are seeing now at the beginning of April.
- Charts to Provide Perspective for Gold Bulls
April 05 2013 8:35 AM
Most chartists use daily or weekly charts. Few look at monthly charts. I don’t know of anyone (myself included) who pays any attention to quarterly charts. We decided to take a look at the quarterly chart of the HUI gold bugs index. It is below and we note the two big downturns in the market. Also note the importance of 300 which has been support for the past seven years.
- What Does the Future Hold for the Average Investor?
April 04 2013 5:05 PM
Four investors with jobs outside the investment field are looking at what they should invest in so they can achieve a comfortable retirement. What should they consider when looking ahead? These four investors have different ages, one with 10 years to retirement, one 20, one 30 and one forty years to go before they can sit on a beach, grey haired, a little portly, next to a surf board, feeling they can now age graciously, comfortable and without fear for their financial future. That’s what so many believe the future holds for them. But is that realistic, can investments produce that for him?
- Yen Falls 2.1% To 0.148 Million/Oz - BOJ, ECB, FED and BOE Continue to Debase
April 04 2013 9:02 AM
Today’s AM fix was USD 1,545.25, EUR 1,207.42 and GBP 1,025,65 per ounce. Wednesday’s AM fix was USD 1,568.50, EUR 1,222.81 and GBP 1,038.40 per ounce. Gold fell $17.30 or 1.1% yesterday while silver fell 28 cents or 1.03% on the COMEX yesterday.
- Lear Capital: Gold Investors Lick Their Chops as Global Tensions Rise
April 03 2013 9:35 AM
As gold prices drift lower, savvy gold investors ponder the true state of the economy, rising debt and the growing threat of a North Korean conflict. At present, gold seems to be ignoring the huffing and puffing of North Korea. Surely, though, if one shot is fired the world becomes a different place. If no shots are fired, the cost of the military build-up will weigh heavy on our budget.
- Is Anyone Still Interested in Gold?
April 02 2013 5:56 PM
The recent price action of gold has been frustrating for some people. The precious metal logged its second consecutive quarterly loss and remains in consolidation mode amid the greatest financial crisis since the Great Depression. However, there are still plenty of buyers around the world that are interested in gold.
- India Confirms No New Gold Tariffs
April 02 2013 9:24 AM
London AM fix was USD 1,597.75, EUR 1,244.64 and GBP 1,051.64 per ounce. Friday, March 28th London AM fix was USD 1,602.50, EUR 1,253.13 and GBP 1,057.41 per ounce. Silver is trading at $28.04/oz, €21.94/oz and £18.54/oz. Platinum is trading at $1,593.25/oz, palladium at $771.00/oz and rhodium at $1,200/oz. Gold fell $0.90 or 0.06% and closed yesterday at $1,598.50/oz. Silver closed at $28.01, down 1.44%.
- Gold vs. S&P 500 – Where is the Value?
March 28 2013 3:53 PM
This past week we received the final 4th Quarter GDP number which came in at 0.39%. The total 4th Quarter growth was terrible, plain and simple. Based on the performance in the equity markets that we have seen thus far in the 1st Quarter of 2013 investors would expect strong GDP growth. However, the only thing spurring stock market growth is the constant humming of Ben Bernanke’s printing press.
- No Significant Capital Flows Into Gold From So Called ‘PIIGS’ Yet
March 28 2013 11:17 AM
Today’s AM fix was USD 1,602.50, EUR 1,253.13 and GBP 1,057.41 per ounce. Yesterday’s AM fix was USD 1,591.00, EUR 1,243.75 and GBP 1,052.39 per ounce. Silver is trading at $28.60/oz, €22.44/oz and £18.97/oz. Platinum is trading at $1,583.00/oz, palladium at $768.00/oz and rhodium at $1,200/oz. Spot gold and silver closed at $1,606.40/oz and $28.79/oz.
- If You Don’t Own Your Bank Deposit, Do You Own Your Gold?
March 28 2013 10:22 AM
When it was announced that both large and small depositors were to have a percentage of them seized, it was not the amount that horrified the world but the discovery that you do not own your own bank deposits. Most investors worldwide are of the belief that when you deposit your money in a bank, it simply has safe-keeping of that money. The realization that you have lent the bank your money and are an “Unsecured Creditor” of the bank is an unpleasant revelation.
- Spot Gold Forecast for 03/27 by Daytradeideas.com
March 27 2013 8:50 AM
Spot Gold could start to come under pressure again now. We held just below resistance at 1603 and as expected we did fall back to 1595 but this held the downside. If we break below this support today, as seems likely we look for 1590/1588 with a chance of a bounce from here. However any longs attempted will need a stop loss below 1587 for a test of the next support at 1582/83. A push back above 1604 looks unlikely but if seen could allow gains as far as 1609 where we could attempt shorts with a stop above 1612.
- Gold Breaks $1,600, U.S. Consumer Confidence Sinks
March 26 2013 5:03 PM
On Tuesday, gold (NYSEARCA:GLD) futures for June delivery, the most active contract, decreased $9.20 to close at $1,597.30 per ounce, while silver (NYSEARCA:SLV) futures for May edged 14 cents lower to finish at $28.70.
- AuRico Gold Earnings: Here’s Why the Stock is Down Now
March 26 2013 10:09 AM
AuRico Gold Inc (NYSE:AUQ) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.26%.
- Italians Value Gold Reserves - EU Deposits To Flow To Gold
March 26 2013 8:19 AM
Today’s AM fix was USD 1,597.25, EUR 1,241.35 and GBP 1,052.21 per ounce. Yesterday’s AM fix was USD 1,602.25, EUR 1,232.97 and GBP 1,053.70 per ounce. Gold fell $3.20 or 0.2% and closed yesterday at $1,604.40/oz. Silver finished +0.41% at $28.81.
- Spot Gold Forecast for 03/26 by Daytradeideas.com
March 26 2013 7:47 AM
Spot Gold could start to come under pressure again now. We have resistance at 1603 and failure to push above here risks a slide back to 1595. If we break below this support we look for 1590/1588 with a good chance of a bounce from here today. However any longs will need a stop loss below 1587 for a test of the next support at 1582/83.
- In Gold, Not Cyprus, We Trust
March 25 2013 4:09 PM
Global investors had to muster the courage to keep calm as news of Cyprus’ proposed partial theft of all bank deposits took Wall Street by surprise, closed the country’s banks and drove the price of gold higher. The thoughtless idea was intended to capture a portion of the $31 billion in bank assets held by Russians. According to the Financial Times, Cyprus has developed a “well-earned reputation for being a haven for dirty money from Russia.”
- "Focus On Gold's Value Rather Than Solely Its Price"
March 25 2013 9:05 AM
Silver is trading at $28.78/oz, €22.24/oz and £18.99/oz. Platinum is trading at $1,586.50/oz, palladium at $758.00/oz and rhodium at $1,250/oz. Gold fell $6.80 or 0.42% and closed Friday at $1,607.60/oz. Silver hit a low of $28.52 and finished -1.54%. Gold was +1.01% and silver -0.14% for the week.
- Has the Gold Price Turned the Corner?
March 22 2013 11:58 AM
Gold bounced off $1,560 a target that it had held for the last year and more. It consolidated at $1,580 and has now tackled $1,600.The bounce was off the long-term trend line. While resistance in the higher $1,600 area could be formidable a look at the reasons why it fell through support at $1,650 is worthwhile.
- Lear Capital: Fed Stimulus To End Up In Gold’s Pocket
March 22 2013 8:52 AM
Something just doesn’t add up. A few days ago it was announced that consumer spending was up 1.1%. Out came the Kazoos and party hats – it was a sure sign the economy was recovering. At the same time reports tell us GDP growth is 2.4%, another sure sign of recovery. Now, ne’er a day goes by that we don’t hear or read something about the $85 billion a month the Fed is pumping into the economy.
- Gold +2.5% In Euros – EU Considering Deposit Withdrawal Restrictions And Capital Controls
March 22 2013 8:41 AM
Today’s AM fix was USD 1,611.50, EUR 1,246.62 and GBP 1,059.99 per ounce. Yesterday’s AM fix was USD 1,608.75, EUR 1,246.42 and GBP 1,059.43 per ounce. Silver is trading at $29.05/oz, €22.52/oz and £19.19/oz. Platinum is trading at $1,588.50/oz, palladium at $751.00/oz and rhodium at $1,250/oz. Gold climbed $8.70 or 0.43% and closed yesterday at $1,614.40/oz. Silver reached $29.31 and finished +1.29%.