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Gold and Silver Prices Volatile on Opposing Views from FED Members

The FED has made the booms and busts much more exaggerated than they otherwise would be. Their ability to unilaterally dictate interest rates rather than allow the free markets to determine equilibrium, has generated an incredible amount of volatility for investors. Gold and silver have enjoyed a powerful rally in 2016, which started right after [...]

By |2017-03-23T14:06:47+00:00September 13th, 2016|Gold & Silver Commentary, Gold Technicals|

Week In Review: Gold Bounces on Soft Jobs Report

This week was a decisive time in the markets. It was the first big data month since the Fed's ill-guided interest rate hike. Investors are now considering which way stocks will move next and whether or not the gold pullback is over. On the domestic data front, the nonfarm payroll jobs number missed horribly (posted 160,000; expected 200,000-215,000). [...]

By |2017-03-23T14:06:13+00:00May 6th, 2016|ETF Corner, Gold & Silver Commentary, Gold Technicals|

The Plaza Accord, The Shanghai Accord, and Gold’s Future

The year was 1985 and the global economy was only 14 years into the new monetary regime of free floating currencies (even contrary to the hundreds of centuries littered with failures of never working in longer terms). After abandoning the gold standard in 1971, the U.S. endured a destructive decade of stagflation (high inflation coupled with high [...]

By |2017-03-23T14:06:13+00:00May 5th, 2016|Gold & Silver Commentary, Gold Technicals|

Gold Falls Through Key Technical Support, Must Hold Above $1,072

It has been a rough few weeks for gold investors, as the price has experienced a waterfall decline of over $100. First, the price dropped through key support at both the 200-day and 100-day moving averages. Then it proceeded to violate the uptrend (green line) that has been in place since July and support at the September low [...]

By |2017-03-23T14:06:14+00:00November 9th, 2015|Gold & Silver Commentary, Gold Technicals|