Gold Prices Today – Intraday, This Week, This Month, And Longer Term

 

Our Latest Gold Price News, Analysis, Commentaries

What Is The Link Between Gold And QE?

It is clear that “money printing” as such does not correlate in a one-to-one way with precious metals, although it is, so far, higly correlating with stocks. During all the QE phases, stocks have been performing well, while gold has only benefited from QE1 and QE2 as those periods where associated by the market with inflation. On the other hand, QE3 provided THE ultimate “risk on” trade; because the invisible hand of the almighty central bank was there stimulate endless risk. That is when gold was literally ababonded, at least among Western investors. The interesting part is that gold is today behaving as a “risk off” trade, sort of a “safe haven” trade.

Gold Is Extending Its October Run

The correction in the Dollar helped gold as the Gold SPDR GLD advanced over 5% from its early October low. The first chart shows GLD breaking the August trend line and moving back above the support break. In an interesting twist, gold is ignoring weakness in the Euro today and moving higher. While I am not sure if this will last, I would mark first support at 118 and stay positive on gold as long as this level holds. All bets are off if the Dollar breaks out to the upside.

Gold & Silver Show Mixed Signals While Bitcoin Shows Relative Strength

Bitcoin’s correlation with gold has started to reverse, moving to +0.76 from a high last week of +0.88. This makes forecasting future bitcoin price movements more difficult if it is beginning to act less like gold, who’s behavior has become well-understood in relation to the US economic narrative of growth and Federal Reserve tightening. Right now, the bitcoin market remains very stochastic and open to market manipulation. There are no clear demand-side factors that we can rely on for sustained demand of the currency.

What The Strong Dollar Does With The Price Of Gold

As heretical as it sounds, there’s a downside to America’s success, and that’s a stronger dollar. For the 12-month period, our currency has seen a 1.1-standard deviation move, which has put pressure on two commodities that we consider our lifeblood at U.S. Global Investors: gold and oil.

What Happens With The Gold Price If Deflation Wins?

It’s hard to argue that high debt levels are deflationary. And with the current expansion based largely on debt, we can’t expect sustainably higher economic activity to be generated. So what happens if deflation wins? Even if we eventually get inflation, what happens to our gold investments if we first go through a deflationary bust?

 

 

Our Selection of Longer Term Gold Price Charts

We spend quite some time and effort analyzing the gold price, both on the short term and on the long term. The result is a wealth of information and analysis in the form of articles (analysis, market views and commentaries). Below is a selection of the 5 most valuable long term gold price analysis, containing many gold price charts:

 

Gold prices over 200 years: long term gold charts

Gold Price Shows Three Patterns In Last 14 Years

Gold Price & the S&P 500 Index: What Does The 20 Year Chart Suggest?

15 Gold Price Charts Till 2013

20 key gold price charts till 2012

 

Mind that gold is primarily a monetary metal, although it has also characteristics of commodities. So when analyzing the gold price charts, please make sure to also look at the more fundamental aspects of gold. An economic assessment, as well as an in-depth analysis of the monetary environment, are key. By doing so, one could find for instance a huge disconnect in gold being an investable commodity versus gold being a hedge against monetary, particularly after the gold price drop in 2013.