This flash update covers our analysis of Gold (price targets, support, resistance) as well as GDX and GDXJ. It also includes comments and charts on the two stocks highest on our watch list. Source: The Daily Gold
David’s Commentary It’s a small sample size, but recently, gold and silver started to move up along with the stock market is. In the big picture, gold and the Dow move in opposite directions. Who are buying stocks now? The hedge funds will buy and sell on a headline, A quote from the Fed or… Read More
To buy or sell gold, silver, platinum, or palladium call Miles Franklin today at 1-800-822-8080 Andy Schectman and Mickey Fulp On Trading The Precious Metals Ratios With unprecedented manipulation continuing to occur in the precious metals market, some investing anomalies have appeared. Which Andy Schectman, Mickey Fulp, and Chris Marcus discussed in this video about… Read More
GOLD PRICES held little changed in a tight range in terms of all major currencies on Tuesday as Asian equities rose but European stock markets held flat ahead of the UK Parliament’s “meaningful vote” on Prime Minister Theresa May’s Brexit deal. With the Withdrawal Agreement proposed by May and the European Union set for… Read More
Written by Chris Marcus of Miles Franklin While many are beginning to realize that the gold and silver markets have indeed been manipulated, it’s interesting to consider what might happen when that manipulation is resolved. Because while the wait has been frustrating for many, that’s not to say it will not end without due reward.… Read More
GOLD PRICES dropped $6 to erase an overnight rise at the start of US trading on Monday, moving back to last week’s finish of $1290 per ounce as world stock markets fell even as major government bond yields slipped once more. “The geopolitical risks have started to induce some safe-haven buying,” reckon analysts at… Read More
The two largest private producers of bullion bars and rounds in the U.S. have gone defunct over the past two years. Premiums for silver bars and rounds are already on the rise as markets adjust to the lack of supply. Two major mints have blown up in the past two years. At present, demand for… Read More
Although the financial media conflates the two, there is a difference between a rally and a bull market. A rally implies a rebound after or a reprieve from weakness. A bull market is higher highs and higher lows for a period of at least a few years. Gold’s strength in the 2000s… Read More
GOLD PRICES rallied Wednesday morning ahead of the Federal Reserve’s May meeting on US interest rates, adding 0.5% from yesterday’s drop to within $3 of $1300 per ounce – a level last seen before New Year 2018. Ahead of the Fed’s decision, latest survey data said Tuesday that US manufacturing activity slowed to a… Read More
The super powers in the West are doing what they can to provoke Russia and indirectly China and Iran into a world war. Most people alive today were not adults when WWII started and therefore did not follow the lead up to the war. But today the whole world can watch how the West has… Read More
GOLD slipped Friday in London but silver prices spiked to 11-week highs as US President Donald Trump berated the Opec oil cartel for “artificially” pushing energy prices up to 4-year highs by discussing new output cuts. Asian stock markets fell but Europe held flat on the day, keeping the Stoxx Europe 600 Index unchanged… Read More
GOLD PRICES rose back above $1320 per ounce versus the falling Dollar in London’s wholesale trade on Friday, heading for the highest weekly close in 16 after new data said the United States added far fewer jobs than analysts expected last month. The official non-farm payrolls estimate also put average annual wage growth in… Read More
– We own gold bullion to “support national security” – Russian Central Bank – Russia warns Washington: Confiscating fx reserves would be “declaration of financial war” – Russia has quadrupled its gold bullion reserves in decade – BRICs discussing ‘the possibility of establishing a single (system of) gold trade’ – Russia, China & maybe Saudi Arabia form alliances… Read More
– Bitcoin tops $10,000, soaring more than 850% since beginning of 2017 – Irrational exuberance arguably main driver of price performance – Google Trends shows search for ‘Bitcoin Bubble’ hit highest level this morning – Buyers need to be aware of hacking and security risks – Other primary risks to widespread adoption is volatility and liquidity risk… Read More
– Geopolitical risk highest “in four decades” should push gold higher – Citi – Elections, political and macroeconomic crises and war lead to gold investment – Political uncertainty in Germany means “gold likely to remain in good demand as a safe haven” say Commerzbank – “There has rarely been such political uncertainty in Germany at any time… Read More
Again gold was taken down on the futures market, but this time was done at the Comex opening. Apparently 4 million ounces of gold was traded in 10 minutes. This was reported by Bloomberg. This article explains how it was done. Previously Investing Matters has reported how the paper gold price is taken down on… Read More
GOLD PRICES gave back yesterday’s bounce against a rising Dollar in London on Tuesday as world stock markets ignored Wall Street’s drop, bond yields rose, and a UK policy-maker tried to cool expectations for a hike in Pound Sterling interest rates. America’s S&P500 index last night capped a 5-day streak of new all-time record… Read More
The world’s oldest gold trader is for sale after a massive money laundering scandal may have terminally crippled one of the most iconic names in the business. Canada’s Bank of Nova Scotia is exploring options for its gold business ScotiaMocatta, the Financial Times reported, which include a possible sale of Canada’s most popular precious metals… Read More
HARMONY Gold said a full criminal investigation was underway following the murder yesterday of the regional mine manager of its Tshepong and Phakisa mining operations near Welkom in South Africa’s Free State province. The gold mining firm confirmed today that Simphiwe Kubekha, the regional general manager of Tshepong and Phakisa, was shot and killed on… Read More
COAL wage negotiations in South Africa may be taking a turn for the worse after the National Union of Mineworkers (NUM) served notice it would embark on a strike at Exxaro Resources’ Grootegeluk and Leeuwpan mines tomorrow (September 14). The union, which has demanded a wage increase of 10%, said it had been locked in… Read More