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Central Banks and ETF Investors Start Buying Gold Aggressively

The gold price has been rising over the past month, driven by investors seeking safe-haven assets as the stock market sells off sharply. On the technical chart, we can see a bottoming pattern followed by a price spike higher. I am now looking for gold to break above resistance at $1,240, which was support twice [...]

By |2018-10-25T12:24:52+00:00October 24th, 2018|Gold & Silver Commentary, Gold Technicals|

ALERT: Gold-to-Silver Ratio Spikes to Highest Level in 27 Years!

The gold-silver ratio has been one of the most reliable technical ‘buy’ indictors for silver, whenever the ratio climbs above 80. The gold-to-silver ratio has now spiked above 85, which is the highest level of this entire 18-year bull market! In fact, you have to go back 27 years to 1991 for the ratio to [...]

By |2018-09-10T13:30:05+00:00September 10th, 2018|Gold & Silver Commentary, Gold Technicals|

Gold is Headed to $1,500 by Year End

A confluence of factors has been pushing the price of gold higher over the past few weeks and I believe it is headed for $1,500 by the close of 2017. After hitting a low around $1,200 in July, the price of gold has since advanced by more than 10% or $140 to $1,340. The chart [...]

By |2017-10-11T20:46:43+00:00September 6th, 2017|Gold & Silver Commentary, Gold Technicals|

3 Mining Stocks on the Move as Gold Eyes $1,300

With the stock market booming and bonds near the lowest yields in history; investors have enjoyed a huge boost in asset prices. Each week, indexes like the S&P 500 and NASDAQ are hitting new highs. Most of this increase has come on the heels of stimulus from central banks around the world in the form [...]

By |2017-08-11T11:48:02+00:00August 11th, 2017|Gold & Silver Commentary, Gold Stock Picks, Gold Technicals|

GDXJ Sell Off is a Blessing in Disguise

I. The Bond Market Loses Confidence in the Fed After the Fed hiked rates and highlighted their balance sheet unwinding plans last week, bond yields further dropped. This means there is a significant lack of confidence in the economy and doubt in the Fed by bond investors. Why does this matter? Because bond investors are [...]

Rising Geopolitical Tensions Ignite Fire Under Gold and Silver Prices

Geopolitical tensions have lit a fire under gold and silver prices. A confluence of factors has finally pushed gold and silver above key technical resistance levels. Gold hit a 5-month high, rising over $20 (1.5%) to $1,275. It is the highest print for gold since the election of Trump. Silver also rocketed higher, climbing more than 40 [...]

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 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+00:00March 1st, 2017|Gold & Silver Commentary, Gold Technicals|

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+00:00January 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+00:00January 9th, 2017|Gold & Silver Commentary, Gold Technicals|