Tag: market commentary

Gold And Silver Pull Back Slightly As Crimea Tensions Ease

| March 18, 2014 | Category: Price
Gold And Silver Pull Back Slightly As Crimea Tensions Ease

Gold and silver closed slightly lower today. Tensions in Crimea seem to ease a bit, although the issue between Russia and Ukraine is evolving towards a military rather than a political affair. In addition, the relationship between Russia and the US is deteriorating visibly. Tomorrow is the announcement of the two-day FOMC meeting, scheduled at 19h GMT. Based on the previous FOMC meetings, it is obvious that volatility will be the theme of the day.

Continue Reading

Gold Investors Weekly Review – March 14th

Gold Investors Weekly Review – March 14th

In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. Gold closed the week at $1,382.65, up $42.67 per ounce (3.18%). The NYSE Arca Gold Miners Index lost 0.36% on the week.

Continue Reading

Dollar Weakness Is Providing Strong Support In Gold Market

| March 13, 2014 | Category: Price
Dollar Weakness Is Providing Strong Support In Gold Market

In his latest analysis of the markets, professional trader Dan Norcini describes his observations related to the dollar and gold. The most striking observation in today’s market was the weakening of the US Dollar, not being able to gather safe haven buying in the midst of a deteriorating crisis in Ukraine. That is in sharp contrast to the traditional safe haven currency during times of financial or geopolitical crises, as evidenced in the last years. The winner? Gold!

Continue Reading

Gold Investors Weekly Review – March 7th

Gold Investors Weekly Review – March 7th

In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. The price of the yellow metal went lower after two consecutive weeks of gains. Gold closed the week at $1,340.42, up $13.98 per ounce (1.05%). The NYSE Arca Gold Miners Index climbed 1.40% on the week.

Continue Reading

Gold Investors Weekly Review – February 21st

| February 22, 2014 | Category: Investing
Gold Investors Weekly Review – February 21st

In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. The price of the yellow metal went lower after two consecutive weeks of gains. Gold closed the week at $1,324.10, up $5.41 per ounce (0.41%). The NYSE Arca Gold Miners Index went 1.00% higher on the week.

Continue Reading

April Gold settles 1323, up $5 for the week ended February 21

| February 21, 2014 | Category: Price
April Gold settles 1323, up $5 for the week ended February 21

Gold futures snapped a two-day loss to end higher on Friday, as investors sought the safe haven appeal of the metal after some disappointing home sales data out of the U.S. and with the ongoing violence in Ukraine. For the week, gold gained about 0.4 percent.

Continue Reading

Bundesbank Must Intervene To Reassure German Gold Will Come Back

Bundesbank Must Intervene To Reassure German Gold Will Come Back

The underlying dynamic can’t be more obvious. The Bundesbank was obviously not pleased by the questions that Handelsblatt brought up. The interview gives the impression that all is good with Germany’s gold. It is very likely that the Bundesbank asked the newspaper to make up on their previous article. Readers are invited to draw their own conclusions, based on the facts.

Continue Reading

The Gold Price Is Rising. What’s Gold’s Message?

| February 14, 2014 | Category: Investing
The Gold Price Is Rising. What’s Gold’s Message?

The recent rise in the gold price may well be an early warning sign that the currently extant asset price bubbles as well as the economy are set to suffer a sizable setback in the not-too-distant future. Admittedly, the recent rally in gold may yet be reversed, in which case these musings would no longer apply. However, if one puts the rally into context with recent developments (QE tapering and a recent slew of weaker economic data releases), it seems increasingly likely that this is precisely its message.

Continue Reading

Gold Closes Above $1,300 After 3 Months On Steady Move Higher

| February 13, 2014 | Category: Price
Gold Closes Above $1,300 After 3 Months On Steady Move Higher

Exactly 3 months ago, the price of gold broke down through the psychologically important $1,300 level. Today, spot gold prices broke above $1,300 and continued its move higher to close the New York trading session at $1,300.40. Gold is very close to test its 200 day moving average which comes at $1,304.70. Needless to say this is an important technical price level.

Continue Reading

The Best Performing Financial Asset In 2014: Gold

| February 11, 2014 | Category: Price
The Best Performing Financial Asset In 2014: Gold

We wrote yesterday that the $1250 to $1260 level for gold is critical. With today’s solid move higher, chances are growing that this move higher is a sustainable rally and the beginnings of a new upleg. The performance of the gold price is surprising as the general consensus was that gold would break down in the light of US Fed tapering. The opposite seems to be true. Since the taper started on 19 December 2013, gold has been the best performing financial asset, with a gain of 3.75%.

Continue Reading

Gold Investors Weekly Review – February 7th

Gold Investors Weekly Review – February 7th

In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. The price of the yellow metal went lower after two consecutive weeks of gains. Gold closed the week at $1,267.21, up $22.66 per ounce (1.82%). The NYSE Arca Gold Miners Index went 1.97% higher on the week.

Continue Reading

Gold And Silver In Trading Range But Aided By Commodity Sector

| February 5, 2014 | Category: Technicals
Gold And Silver In Trading Range But Aided By Commodity Sector

This emerging market issue has not really benefitted the US Dollar to the extent that some of us were expecting based on the recent past. If anything, the Yen has been the favored currency along with the Swiss Franc. While the Dollar has not been weak, it certainly has not been powering higher as it is wont to do during these crisis events. This has enabled gold to garner some inflows.

Continue Reading

Lower Gold Prices Spur Demand for Physical Gold

| February 4, 2014 | Category: Price
Lower Gold Prices Spur Demand for Physical Gold

The significant increase in physical demand for gold in Asia, especially China is set to continue, and it looks as if Asia is going to play a much bigger role for setting the international prices for gold.

Continue Reading

Gold Investors Weekly Review – January 31st

Gold Investors Weekly Review – January 31st

In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. The price of the yellow metal went lower after two consecutive weeks of gains. Gold closed the week at $1,244.23, up $25.84 per ounce (2.03%). The NYSE Arca Gold Miners Index went 0.87% higher on the week.

Continue Reading