Still Waiting For A Triangle Breakout In Gold Prices (GLD, IAU, PHYS, SGOL, DZZ)
Corey Rosenbloom: The current consolidation pattern in gold continues, yet the boundaries are narrowing ahead of an expected breakout from the structure. Read more…
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Corey Rosenbloom: The current consolidation pattern in gold continues, yet the boundaries are narrowing ahead of an expected breakout from the structure. Read more…
Toby Connor: I think it’s clear by the action in the dollar index this morning and the response by risk assets in general, that the bottom I have been looking for is here. Read more…
Adrian Ash: Wholesale Prices to buy gold ticked back above $1570 per ounce in London trade Thursday lunchtime, but held onto a 0.5% loss for the session as stock markets fell ahead of today’s Euro crisis summit in Brussels – the 12th such meeting in 12 months. Read more…
Przemyslaw Radomski: Gold prices fell last Tuesday for the first time in eight days and Wednesday gold fell below $1,600 an ounce as buyers stayed on the sidelines ahead of the meeting of the U.S. Federal Reserve whichannounced Wednesday a modest increase Read more…
Money Morning Staff: The Fed’s Operation Twist announcement Wednesday slammed gold prices, and the yellow metal fell 2.5% Thursday. Read more…
John Townsend: Last evening I was looking at all my various indicator concoctions and started to wonder if perhaps gold still has not made its final D-wave bottom. Read more…
Jeff Clark: Inflation is a natural consequence of loose government monetary policy. If those policies get too loose, hyperinflation can occur. As gold investors, we’d like to know if the precious metals would keep pace in this extreme scenario. Read more…
David Banister: Gold (NYSEARCA:GLD) has been busy consolidating in what I believe will be a 13 Fibonacci month Primary wave 4 correction. The Gold bull market Read more…
Jared Cummans: It’s an argument that seems to have no end: is gold really overvalued? There are two distinct sides to this story, and the controversy has been heating up since the precious metal made its historical run in 2011. As a number of factors combined midway through last year, gold Read more…
Corey Rosenbloom: After a stellar move higher in Gold, price now faces a challenge of converging trendlines into the $1,630 area. Read more…
Christian Magoon: Time to Short Gold Prices (NYSEARCA:GLD)? With gold prices on the decline, many investors are beginning to short gold as a way to profit from this trend. Over the last month a variety of short gold products have produced double digit returns. Read more…
NYSE:DGLD, NYSE:DGZ, NYSE:DUST, NYSE:DZZ, NYSE:GLD, NYSE:GLL
Terry Coxon: The gold standard, under which any holder of paper dollars could redeem them for gold at the US Treasury, is now within the living memory of just a few million Americans, nearly all of whom would be dangerous behind the wheel. But thanks to the money printing Read more…
Thomas Carreno: The gold price is in potentially serious trouble longer term. I called the bull market in gold way back in 2003 after it was still getting its ‘sea legs’. Read more…
Peter Krauth: Greece is frozen in a political stalemate. Youth unemployment is running at over 50%. And there has been a $1 billion run on Greek banks. Read more…
John Townsend: It feels almost ridiculous and nearly irresponsible for me to suggest that gold will fall to below $1430. Personally, I think it has fallen way too much already. In a very short period of time the value of my holdings in mining stocks have been cut in half Read more…
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