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Bitcoin Price Doubles in the Past 4 Months to Overtake Gold

As of March 2nd, 2017, one bitcoin is now worth more than one ounce of gold. The price of bitcoin recently made a new all-time high at $1,295, having doubled in just over 4 months! We had anticipated that one bitcoin would be worth more than one ounce of gold at some point in 2017. However, [...]

By | 2017-03-23T14:06:46+00:00 March 3rd, 2017|bitcoin, Gold & Silver Commentary|

Gold Pressured By Increasing Odds of March FED Rate Hike

The gold price has corrected by roughly $25 over the past few days. This pullback has been driven by increased odds of a Fed rate hike during March. Federal Reserve officials have been making hawkish comments lately, which has been supportive of the USD index and thus bearish for precious metals. After hitting a 2017 [...]

By | 2017-03-23T14:06:46+00:00 March 1st, 2017|Gold & Silver Commentary, Gold Technicals|

Inflation Spikes in 2017, Supporting Gold Prices Despite Increased Odds of March Rate Hike

Inflation is coming. In fact, inflation rose at the fastest pace in four years during January. Consumer prices surged 0.6% in January from December, double the consensus forecast of a 0.3% rise. This marks the sharpest monthly increase since February 2013, according to the Bureau of Labor Statistics. Source: BLS St. Louis FED / Wolfstreet The [...]

By | 2017-03-23T14:06:46+00:00 February 16th, 2017|Gold & Silver Commentary|

Silver: On The Verge Of A New Bull Market?

Get our top gold and silver stock picks for 2017 by clicking here. It's been an exciting start to the year thus far for precious metals investors. Both metals are off to a good start, and the January rallies are very reminiscent of 2016. Despite the 9% rally off the lows for silver, we still [...]

By | 2017-03-23T14:06:46+00:00 January 30th, 2017|Gold & Silver Commentary|

Gold Slips on Dollar Strength, Profit Taking, Trump Comments and Futures Expiration

Friday morning update: Gold and silver have gone vertical in the last 30 minutes after Q4 GDP growth came in at just 1.9% versus earlier expectations of 2.2%. In addition, durable goods orders dropped more than expected. Interestingly, both gold and silver are rallying without a drop in the USD. Silver is leading gold, up [...]

By | 2017-03-23T14:06:46+00:00 January 26th, 2017|2017 predictions, Gold & Silver Commentary|

Gold Rallies, Dollar Drops as Trump Says U.S. Currency is ‘Too Strong’

Did Trump just signal the death of Clinton-era strong dollar policy? The dollar weakened after president-elect Trump called the U.S. currency “too strong” and the pound rallied on British Prime Minister Theresa May’s plans to leave the European Union. This news sent the gold price higher Tuesday morning, climbing back above key psychological resistance at [...]

By | 2017-03-23T14:06:46+00:00 January 17th, 2017|Gold & Silver Commentary, Gold Technicals|

Commercial Traders Continue To Pare Back Short Positions in Gold

The price of gold has begun 2017 on more solid footing, posting a 1.9% gain in the first trading week of the new year. The bears came out of the woodwork this weekend to warn us that last week's move was simply an oversold bounce. They cheered on the slight pullback in gold prices Friday, [...]

By | 2017-03-23T14:06:46+00:00 January 9th, 2017|Gold & Silver Commentary, Gold Technicals|

10 Predictions for 2017: Gold, Stocks, Trump, Putin and War

"As for me, all I know is that I know nothing." - Socrates The quote is a paradox within itself, but sums up the outlook of anyone that has gleaned a grain of wisdom in their life. Yet, here I am offering predictions for the future, a thing one could know with even less certainty [...]

Gold Stock Bull Portfolio Returns 69.8% in 2016!

Gold had a great start to the year, ending a 4-year correction and consolidation period. In the first six months of 2016, the price advanced from $1,045 to $1,377 for a gain of $332 or 32%. As usual, silver outperformed gold, rocketing from $13.62 to $21.23 in just over six months. This was good for [...]

By | 2017-03-23T14:06:46+00:00 January 1st, 2017|Gold & Silver Commentary|

Gold Surges Above $1,150, Mining Stocks Rocket Higher, Time to Buy the Dip?

The gold price is showing strength heading into the close of 2016. The gold price has advanced for five straight days and is back above $1,150. The price put in a double bottom around $1,125 during December and the recent really suggests this may have been the bottom. After taking out $1,150, the gold price [...]

By | 2017-03-23T14:06:46+00:00 December 29th, 2016|Gold & Silver Commentary, Gold Technicals|