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Failure of Obamacare Repeal Helps Push Gold Higher, But $1,250 Resistance Holds

Republicans were forced to pull their bill to replace Obamacare from the floor of the GOP-controlled House today, lacking sufficient support. This has helped to push gold higher, but technical resistance has held thus far. Gold has been in rally mode lately after a v-shaped correction and recovery during the month of March. In the first [...]

Gold and Silver Commercial Traders Begin to Cover Short Positions

Does the trend change in the short position of commercial traders signal a bottom for precious metals? Gold and silver posted a strong start to the year in 2017, despite the December rate hike. This was a repeat of last year, when the December 2015 Federal Reserve rate hike was followed by a massive rally in [...]

By | 2017-03-26T23:22:03+00:00 March 13th, 2017|Gold & Silver Commentary|

A Major New Source of Gold Demand is Upon Us – Muslim Gold

Most analysis of gold and silver markets tends to be U.S.-centric. However, the next secular trend in precious metals markets may have less to do with U.S. debt, U.S. politics, the U.S. central bank, and the U.S. dollar and more to do with a gigantic new source of demand. It’s not the 1970s anymore. Back [...]

By | 2017-03-26T23:20:21+00:00 March 9th, 2017|Gold & Silver Commentary|

Will Gold Continue to Drop? Rate Hikes, COMEX Shorts, Divergent Tops, Oh My!!

The gold price has dropped $40 or more than 3% over the past week from $1,255 to a low of $1,215. Silver has shed nearly $1 or 5.4% from $18.40 to $17.40. Sentiment has turned bearish and many analysts are now calling for precious metals to decline to new 2017 lows in the days and weeks [...]

By | 2017-03-23T14:06:46+00:00 March 8th, 2017|Gold & Silver Commentary|

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|