Tag: euro gold

ECB President Draghi Wants More QE, Euro Gold Testing Major Support

| September 3, 2015 | Category: Price
ECB President Draghi Wants More QE, Euro Gold Testing Major Support

Today, the European Central Bank (ECB) published its monetary policy statement, with the central bank leaving its main refinancing rate at 0.05%, its deposit rate at 0.20%. Euro gold is testing its major support at €1000 /oz. This is a make-or-break level for euro gold, with a high importance for gold in other major currencies. If euro gold will stay above €1000, the market would anticipate more monetary easing in Europe, with a positive impact on the price of gold.

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Gold’s Bull Markets In Europe and Japan Remain Unnoticed

| April 1, 2015 | Category: Price
Gold’s Bull Markets In Europe and Japan Remain Unnoticed

Admittedly, this is one of the worst corrections in the last decades (since gold started trading freely), and there is almost no sign of life in gold and silver since the price crash in April and June of 2013. But under the hood we can observe another picture. Case in point: the price of gold in several other major currencies is showing very bullish setups.

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What Is Driving This Gold Rally?

What Is Driving This Gold Rally?

Gold was down 1.72 percent at the end of 2014, but things are looking up for the yellow metal. Last week I returned from presenting at the Vancouver Resource Investment Conference, where sentiment for gold was through the roof. And with good reason. Even though gold was down last year, it still ranked as the second-best-performing currency, following the U.S. dollar. The metal has risen about 10 percent year-to-date, and last Tuesday, for the first time since mid-August, it broke through the $1,300 mark.

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Euro Gold Keeps On Rising, Dollar Gold Rallying With U.S. Dollar

| January 22, 2015 | Category: Price
Euro Gold Keeps On Rising, Dollar Gold Rallying With U.S. Dollar

A truly interesting trend is visible on the following chart. With the Euro being hit hard today, the U.S. Dollar was on the rise, as indicated with the blue line on the chart below. As readers can see, in the last 4 weeks Dollar gold has been rising along with the U.S. Dollar. Historically, both assets have been negatively correlated. If gold can continue climbing higher during a Dollar bull market, it indicates great strength for the metal. In our opinion, it also confirms gold’s safe haven nature, something the market has denied consistently in the last 2.5 years.

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Gold Market Momentum In 7 Great Charts

| January 20, 2015 | Category: Price
Gold Market Momentum In 7 Great Charts

The gold market currently looks very strong on the charts. We collected 7 great precious metals charts.

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Gold Price In Euro Breaks Out, Pierces €1000

| January 6, 2015 | Category: Price
Gold Price In Euro Breaks Out, Pierces €1000

The price of gold is showing encouraging signs. A basing pattern, which has been in the making for a year and a half, seems to be fully intact, contrary to the doomsday prophecies of mainstream media which predicted $800 gold. The Euro gold chart for 2013 and 2014 shows the breakdown of early 2013, followed by a stabilization period. That could be coming to an end as of this week. gold is attempting to break above the long term resistance line.

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Some Fundamental Thoughts Behind The Tragedy Of The Euro

Some Fundamental Thoughts Behind The Tragedy Of The Euro

Jeff Deist speaks to author Philipp Bagus in the interview which is available below. We highlight some extremely interesting quotes from the interview. The discussion is a must-listen for everyone who wants to understand the fundamental issue with the Euro.

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Is Euro Gold Decoupling From Dollar Gold?

Is Euro Gold Decoupling From Dollar Gold?

The US Dollar has rallied significantly since July of this year. Consequently, gold has come under pressure, as the yellow metal has gone from $1,340 an ounce in July to $1,251 today. At least, that is what we read in mainstream media. But here is the key point. Gold has come down in US Dollar terms, but not in Euro terms. So, in other words, Euro gold has held up much better than Dollar gold. This article examines the evidence.

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Is The Euro Gold Fear Trade Bottoming

Is The Euro Gold Fear Trade Bottoming

We wrote very recently that gold is considered a fear trade in the West, opposed to a love trade in the East. Anecdotal evidence is to be found in the following two charts. The first one shows the frequency of the words “euro crisis” in Bloomberg’s headline. The second is the euro gold price over the same period of time. There is an almost one-on-one correlation between both.

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Gold Price Drops Below 1200 Euro

Gold Price Drops Below 1200 Euro

There is a spike low down near the 1150 level made in September of 2011, the last line of bullish defense for euro gold. In a sense, this corresponds closely to the $1550 – $1530 zone on the US Dollar priced gold chart. Bulls would not want to see this level give way without an intraweek recovery as it would portend even lower prices

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Lower Euro Gold & Stronger Euro As ECB Balance Sheet Is Shrinking

Lower Euro Gold & Stronger Euro As ECB Balance Sheet Is Shrinking

This is a somewhat technical article showing the declining Euro gold price and strengthening Euro currency, explained by the deflating balance sheet of the European Bank. The unique ECB charts are probably surprising for most people.

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All-time Highs For Gold Price In Euros But More To Come

The past couple of weeks have been exciting in the Gold and Silver markets. On several occasions, we updated our readers about the gold price breakout, about the certainty of higher gold prices because of the globally coordinated money printing and potentially a silver price explosion that’s in the cards. Now in terms of gold price outlook, the list with analysts and entrepreneurs who expect sky high gold prices of $5,000 or more is growing; we have exceeded 50 public analysts worldwide who expect a gold price higher than $5,000 in the meanwhile. Apart from discussion about a gold and silver mania, Chris Vermeulen is focusing in his latest market commentary on the […]

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Euro gold price taking off

| September 17, 2012 | Articles: Gold Silver Prices
Euro gold price taking off

After reaching a new all-time high of €1,365 per troy ounce last week, the price of gold looks ready to celebrate the new “unlimited” fashion at the ECB with some healthy action of its own, expect the following months to be very exciting. The temptation to print is just too strong, the old school bundesbankers stepped out and those left behind are more than happy to sound tough in press conferences, but still accommodate the politicians with easy money. The truth is that without free, unlimited money, they would actually have to make hard choices. Imagine that! The horrifying thought of having to choose between ice-cream and chocolate cake, instead […]

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Why Don’t Germans Believe the ECB’s Supra Mario?

| September 7, 2012 | Articles: Insights
Why Don’t Germans Believe the ECB’s Supra Mario?

So for at least the second time in four months, today’s Handelsblatt newspaper in Germany carries a big picture of Edvard Munch’s The Scream, writes Adrian Ash at BullionVault. This time, the picture doesn’t replace the painter’s tortured self-portrait with chancellor Angela Merkel’s head. The headline is now “Angst of the Germans“. But the subject is the same. “Nothing frightens the German people so much as the Euro debt crisis,” says the newspaper. The most over-insured people in the world, Germany naturally shares its fears in a survey conducted for an insurance company’s PR department – and at 73%, fear of the Eurozone crisis now tops even its reading 12 months ago, when the crisis tipped […]

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