Tag: gold price

Gold Outlook: Bears Showing Signs Of Fatigue

| September 25, 2015 | Category: Price
Gold Outlook: Bears Showing Signs Of Fatigue

Bloomberg reports today an extremely interesting insight from the options market. Based on data compiled for SPDR Gold Shares (GLD) by Bloomberg, the put-to-call ratio, or the number of bearish options trading compared with bullish ones, is at the lowest since 2012. “The open interest on puts fell to the lowest since mid-July on Sept. 21, signaling bears may be losing their stranglehold on the market.” These data show that gold bears are finally showing signs of fatigue, if options trading is any indication.

Continue Reading

Gold Price Outlook After Yesterday’s Rally

| September 25, 2015 | Category: Price
Gold Price Outlook After Yesterday’s Rally

Gold rallied strongly yesterday on a safe haven bid amid stock market turmoil. As the stock market was sinking lower, moving closer to its August lows, gold and silver in USD moved more than 2% higher. More interestingly, gold miners rallied more than 5% on the day. The million dollar question is where we go from here. Let’s look at two charts to get an idea of gold’s and the miners’ outlook.

Continue Reading

Gold Prices Climb after the Fed Announcement

| September 22, 2015 | Category: Price
Gold Prices Climb after the Fed Announcement

While Demand for physical gold and silver in August and September has been exceptionally strong as investors seek a safe-haven from market turmoil, the traditional months of strong demand from Asia are now ahead of us which will add even greater demand for gold in the coming weeks. In India, gold demand will reach its peak later than usual this year as Diwali falls in the second week of November.

Continue Reading

Technical Short-Term Bullish Signals on Gold

| September 22, 2015 | Category: Technicals
Technical Short-Term Bullish Signals on Gold

Gold executed the bullish declining wedge with last week’s breakout. Confirmation is arriving in the form of a new PMO BUY signal and a STTM BUY signal that triggered when the 5-EMA crossed above the 20-EMA. We await a positive 20/50-EMA crossover to retire the ITTM SELL signal.

Continue Reading

What Needs to Happen on the Gold Chart To Become Bullish

| September 22, 2015 | Category: Technicals
What Needs to Happen on the Gold Chart To Become Bullish

Monday’s moderate weakness looks innocuous in the context of the bullishness of the 240-minute chart shown. Notice that the presumptive C-D phase of the rally begun from 1081.40 in early August stalled precisely at the 1141.90 midpoint pivot. This confirms the authority and reliability of the pattern itself, while also shortening the odds that a decisive push past p would go at least to p2=1164.00, or to D=1186.10 if any higher.

Continue Reading

Ufa: Why It Matters To Precious Metals And The Dollar, But Does Not

| September 19, 2015 | Category: Investing
Ufa: Why It Matters To Precious Metals And The Dollar, But Does Not

The world is fast changing, and while Ufa is not a dominate feature on the world stage, it is an important one of so many, unnoticed by so many American, so unaware. Those unaware are unaware of being unaware. So true.

Continue Reading

Gold shining ahead of Fed

| September 17, 2015 | Category: Technicals
Gold shining ahead of Fed

One of the obvious beneficiaries of the accompanying dollar weakness has been gold, which is both denominated in US dollar and seen as a store of value in competition with the greenback. Today’s big rally has created at least four significant bullish technical signals

Continue Reading

Gold vs Debt: The Big Picture

| September 16, 2015 | Category: Investing
Gold vs Debt: The Big Picture

Gold prices could (I doubt it) fall further in the short term, since High Frequency Trading dominates trading action, and central banks need to hide the fact that their policies and currencies are failing, which usually means they suppress gold prices. Gold was formerly the “canary in the coal mine” indicating the failure of monetary and fiscal policies. But active suppression of gold prices has replaced the “canary” with a plastic look-alike that disguises the warning signal which tells us that something is very wrong with our monetary policies.

Continue Reading

Markets And People Never Change. Gold And Silver Chart Analysis.

| September 12, 2015 | Category: Investing
Markets And People Never Change. Gold And Silver Chart Analysis.

Markets never change. They are always the means for money powers to distribute their gains to the unsuspecting masses, and like the markets, people never change, always set up for being fleeced. One of the most important markets to watch is FX, foreign currencies, for that is where the demise of the Federal Reserve’s fiat Federal Reserve Note, more commonly accepted as the “dollar,” will play out.

Continue Reading

Could Gold Prices Soar in September?

| September 8, 2015 | Category: Price
Could Gold Prices Soar in September?

Gold prices began this week on a slightly negative note as prices drifted back towards their lowest levels since mid-August after US payrolls data failed to provide clarity on the timing of a US Federal Reserve rate hike, and as the dollar steadied against other majors. Despite concerns about the Fed tightening, gold recorded its best month this year, gaining around, gaining about 3.4% for August for its first advance since May.

Continue Reading

The Price Of Gold Will Rise If Stocks Collapse

| September 7, 2015 | Category: Price
The Price Of Gold Will Rise If Stocks Collapse

So with all due respect to those of you who see gold as just another imminent general commodity liquidation away from $850 or lower, I think that is not exactly the way it is going to play out. We may see more sell-off coming as current conditions develop; yes, I may still be a little early; but gold still represents the ultimate store of value for liquid capital.

Continue Reading

Gold Price Correlation With Federal Funds Rates Since 1971

| September 5, 2015 | Category: Price
Gold Price Correlation With Federal Funds Rates Since 1971

If the Federal Reserve’s rate-hike cycles were indeed gold’s arch-nemesis, this zero-yielding sterile asset should have been hammered in the great majority of them. Instead gold actually rallied through 6 of the 11 modern Fed-rate-hike cycles! And at average gains seen within these exact rate-hike-cycle spans of a staggering +61.0%, gold did amazingly well. Gold often didn’t just weather rate hikes, but thrived in them!

Continue Reading

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.

Continue Reading

Gold Price Slightly Down Because Of Fears Of A Rate Hike?

| September 2, 2015 | Category: Price
Gold Price Slightly Down Because Of Fears Of A Rate Hike?

Gold in U.S. dollar closed the trading session 0.5% lower today. Reuters noted today that the gold price was down “as a rebound in stocks and the dollar arrested a four-day rise, with uncertainty over the timing of a looming U.S. rate hike limiting price moves ahead of key U.S. non-farm payrolls data on Friday.”

Continue Reading