After Its Recent Surge, Is Silver Still a Buy?

silver
From Mike Hammer: Your friendly Gold Enthusiast has to admit, reading articles about silver makes you wonder if humanity is sane. One headline might read "Silver To Run to 19" while another - that same day! - will say "Silver Is Losing".  How is anyone supposed to figure out who's right?
NYSE:SLV July 23, 2019 11:11am

Is this gold ETF overbought?

Silver has a BIG rally but the real test lies ahead

silver
From Taylor Dart: Gold (GLD) was the shining star by a mile in Q2 of the two most sought after precious metals, but silver (SLV) looks like it might finally be ready to join the party.
NYSE:GDX July 18, 2019 1:56pm

What the Silver-Gold Ratio Nearing the Modern-Day High Means For Investors

Why this expert expects gold prices are head higher

gold %dollars
From Daniela Cambone: Despite the pullback, the gold rally isn't over just yet, and one expert is forecasting that prices will rise to around $1,480 an ounce in the next two months.
NYSE:GLD June 28, 2019 11:05am

Why silver investors should continue to be patient

silver
From Daniela Cambone: The silver rally is on its way, but until then, it's like watching paint dry, according to Peter Hug, global trading director for Kitco Metals Inc.
NYSE:SLV June 27, 2019 5:43pm

Why gold could continue to be a strong performer this year

From Kent Thune: As economic conditions in the U.S. and around the globe continue to deteriorate, some of the best ETFs like SPDR Gold Shares (NYSEARCA:GLD) become increasingly important holdings for a diversified portfolio.
NYSE:GLD

Gold lost recent momentum today and this analyst thinks it has further to fall

gold bars
From Keris Lahiff: The red-hot gold trade is cooling off on Wednesday.
NYSE:GLD June 26, 2019 2:18pm

Why this trader thinks gold will surge higher

gold
From Keris Lahiff: It's a gold rush.
NYSE:GLD

Gold sells off following comments from Fed Chairman Powell

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From Neils Christensen: (Kitco News) - Gold prices are well off their highs, dipping into negative territory after Federal Reserve Chairman Jerome Powell failed to shed any new light on the pace of interest rate cuts later in the year.
NYSE:GLD June 25, 2019 6:14pm

Gold is finally experiencing the breakout that bulls have been waiting for

Gold
From Maggie Fitzgerald:
KEY POINTS
  • Investors are piling into gold, sending the precious metal to a six-year high this week, and analysts think the commodity has established a "base" to go even higher.
  • The precious metal is up more than 8% this month, on pace for its best monthly performance since 2016.
  • Credit Suisse and Morgan Stanley are among the Wall Street firms that see a big second half of the year for gold.
Investors are piling into gold, sending the precious metal to a six-year high on Tuesday, and analysts think the commodity has established a "base" to go even higher. Gold futures hit a high of $1,442.9 on Tuesday, its highest level since May 2013 when it reached $1,444.9. The precious metal is up 9.6% this month, on pace for its best monthly performance since February 2016 when gold gained 10.57%. "Bigger picture though, given the magnitude of the base, which has taken six years to form, we suspect we could even see a retest of the $1,921 record high," David Sneddon, global head of technical analysis at Credit Suisse, said in a note to clients Monday. Sneddon said gold has established a multiyear base that could provide the platform for a "significant and long-lasting rally" for the precious metal. Gold is breaking out after Federal Reserve Chairman Jerome Powell said last week it would "act as appropriate" to keep the current economic expansion going. Powell's dovish comments increased the odds of the Fed cutting rates in July. The Fed's easier policy has also weakened the dollar. Again a basket of currencies, the dollar hit its lowest level since March on Monday. "We have finally seen more conclusive signs of the USD starting to materially weaken," said Sneddon. "With the DXY removing pivotal support from its 200-day average to complete an important bearish 'wedge' reversal, which should provide a fresh and significant catalyst for Gold to extend its gains." Gold prices also reacted positively after President Donald Trump signed new sanctions on Iran on Monday, days  after Iran shot down a U.S. drone, increasing geopolitical uncertainty. Gold is up 10.6% for the quarter and is on track for its biggest quarterly gain since the first-quarter of 2016, when it rose 16.54%. Morgan Stanley's commodity strategist Susan Bates said gold is the firm's No. 1 commodity pick. "Morgan Stanley's forecasts of falling real rates and a bearish US dollar outlook, against an uncertain macroeconomic outlook, should lend significant upside to gold's price through 2H19 and into 1H20," Bates said in a note Monday. Gold futures are currently trading up 0.7% at $1428.6 and spot gold is trading up 0.44% at $1425.4. The metal is seen as a safe haven and store of value during times of a weakening dollar, slowing economic activity and increased geopolitical tensions. --CNBC's Michael Bloom contributed to this report.

The SPDR Gold Shares (GLD) was trading at $134.31 per share on Tuesday afternoon, up $0.37 (+0.28%). Year-to-date, GLD has gained 8.62%, versus a 9.82% rise in the benchmark S&P 500 index during the same period. GLD currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #1 of 34 ETFs in the Precious Metals ETFs category.
This article is brought to you courtesy of CNBC.
NYSE:GLD

Potential for dollar weakness could strengthen gold prices

gold %dollars
From Patti Domm : The strong dollar story could be over for now, and that's putting a shine on gold and other 'anti-dollar' trades.
NYSE:GLD June 24, 2019 9:16pm

Gold continues its winning streak, soars to highest level in 6 years

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From Fred Imbert : Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran made the precious metal more attractive to traders.
NYSE:GLD

Gold prices soar, break $1,400

gold %dollars
From Eustance Huang:
KEY POINTS
NYSE:GLD June 21, 2019 9:06am

Should You Invest In Precious Metals Or Gold Mining Stocks?

gold mine
From Tom Aspray:

Even though the month of June is not over yet, the technical action in gold, as well as some of the gold stocks, have been impressive.  So far in June the Spyder Gold Trust (GLD), which reflects the performance of gold bullion, is up 2.5%.  In contrast, the Dow Jones US Gold Mining Index ($DSUSPM) is up 8.5% with the VanEck Gold Miners (GDX) up just over 9.6%.

NYSE:GDX June 20, 2019 4:59pm

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