Tag: market commentary

Gold To Profit From The Coming Dollar Correction

| March 12, 2015 | Category: Money & Currency
Gold To Profit From The Coming Dollar Correction

The key take-away is that the dollar can certainly go higher from here, but the rally is close to cool down. Also, no matter how impressive the recent rally has been, its strength has been historic, so it should not be realistic to expect a similar strength going forward. These factors make us think that the pressure on commodities, including the precious metals complex, is about to fade.

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Weekly Review For Gold Investors – March 6th

Weekly Review For Gold Investors – March 6th

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,165.66 down $47.56 per ounce (-3.92%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 11.57%. The U.S. Trade-Weighted Dollar Index was up 2.47% for the week.

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Events Impacting Gold And Silver In The Week Of March 2nd

Events Impacting Gold And Silver In The Week Of March 2nd

For the week commencing March 2nd, there are some important economic data and central bank announcements, as seen in the table below. The interest rate decision of the European central bank on Thursday is undoubtedly the key announcement this week. Friday is an important day because of the unemployment report and nonfarm payrolls for the month of February. Our expectation is that the events on Thursday and Friday have the potential to create volatility in COMEX gold and silver, hence influence the gold and silver price. The PMI report in the U.S. and Europe, CPI in Europe, and Yellen’s speech at Citizens Budget Commission’s Annual Awards Dinner are not likely to cause volatility in the metals market.

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Weekly Review For Gold Investors – February 27th

| February 28, 2015 | Category: Investing
Weekly Review For Gold Investors – February 27th

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,212.90 up $10.95 per ounce (0.91%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 3.72%. The U.S. Trade-Weighted Dollar Index was up 1.07% for the week.

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Weekly Review For Gold Investors – February 20th

| February 21, 2015 | Category: Investing
Weekly Review For Gold Investors – February 20th

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,202.85 down $26.58 per ounce (2.16%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 3.58%. The U.S. Trade-Weighted Dollar Index was up 0.41% for the week.

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Events Impacting Gold And Silver In The Week Of February 16th

| February 16, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 16th

For the week commencing February 16th, there are quite some economic data coming out. Three central bank announcements are planned: a press conference of the Bank of Japan, the meeting minutes of the Bank of England as well as the release of the meeting minutes of the U.S. Fed meeting of two weeks ago. Some wild gyrations in markets and metals are possible on Wednesday.

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Weekly Review For Gold Investors – February 13th

| February 15, 2015 | Category: Investing
Weekly Review For Gold Investors – February 13th

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,229.53 down $4.39 per ounce (0.36%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 0.89%. The U.S. Trade-Weighted Dollar Index was 0.61% lower for the week. By far the most appealing fact of the past week was the long term buy signal that was produced on the monthly charts.

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Gold Price Rises Slightly After 3 Down Days

Gold Price Rises Slightly After 3 Down Days

Gold prices went slightly higher today, after three down sessions. Comex gold rose $1.10, or 0.1%, to settle at $1,220.70 an ounce, after it had fallen almost $22 in the last two trading days. The U.S. dollar fell 0.82%. The U.S. reported retail sales today, and figures showed a 0.8 percent drop while the median forecast of economists surveyed by Bloomberg called for a 0.4 percent decline. On the other hand, strength in U.S. equities did not help the yellow metal rising sharper, as investors were in a clear “risk on” mood today.

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Events Impacting Gold And Silver In The Week Of February 9th

| February 9, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 9th

For the week commencing February 9th, there is a very limited number of economic data coming out. No central bank announcements are planned. If gold and silver will be moving, it will not be because of economic or monetary data. As the table below indicates, retail sales will be released in the U.S. on Thursday, while Germany will publish their GDP growth on Friday. The precious metals are vulerable lately. That is, in our opinion, not because of economic data, but because of futures positions in the COMEX market. As we have shown a week ago, commercials have accumulated short positions at an astonishing rate. That is the real reason why gold’s rally is “capped.”

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Gold Investors Weekly Review – February 6th

Gold Investors Weekly Review – February 6th

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,233.92 down $49.85 per ounce (-3.88%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 3.46%. The U.S. Trade-Weighted Dollar Index was 0.17% lower for the week.

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Gold Price: Experts Underline Importance Of Decoupling From Dollar

| February 5, 2015 | Category: Price
Gold Price: Experts Underline Importance Of Decoupling From Dollar

Earlier this week, we provided a summary of the key investment insights from 6 top fund and money managers, including Jim Rickards and Ronald Stoeferle, during the recent Incrementum Advisory Board. Part of that discussion was the analysis of the recent action in the gold price. This article highlights the key thoughts in that respect.

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Events Impacting Gold And Silver In The Week Of February 2nd

| February 2, 2015 | Category: Price
Events Impacting Gold And Silver In The Week Of February 2nd

For the week commencing February 2nd, there are some economic data to be released which could create some volatility in the markets, although presumably not directly in the precious metals complex. As the table below indicates, employment statistics will be released in the U.S. and Canada this week. The U.K. is planning to announce an interest rate decision which could create some turmoil in currencies, although not directly in gold. The influence of late on gold and silver prices is likely to be driven by volatility in the stock market and currencies.

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Gold Investors Weekly Review – January 30th

Gold Investors Weekly Review – January 30th

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,284.49 down $9.61 per ounce (-0.74%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 1.71%. The U.S. Trade-Weighted Dollar Index was up 0.03% for the week.

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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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