Gold prices have been volatile as they flirt with the major moving averages. My latest thoughts on gold are here.
Gold prices fell to a one-month low at $1287 yesterday but what was important was the close. Gold rebounded late in the day for a close above the 55-day moving average and the July low. It’s something I warned about … Continue reading
Gold prices are down $15 to $1289 today in third day of declines. The fall knocks out support from the July low of $1292, the 55-day moving average at $1293 and the 50% retracement of the June-July rally at $1293. … Continue reading
The price of gold has risen more than $20 since the first reports that a plane was shot down in Ukraine by a surface-to-air missile, killing 295 passengers and 15 crew. Gold, bonds and the yen are the traditional safe … Continue reading
Mike had the broader news earlier and LGMF Ltd has just confirmed that they will be using a third party who will be responsible for administration of the gold fix.
Forex headlines for July 14, 2014: ECB’s Draghi repeats that risks to the economic outlook are on the downside Draghi repeats: ECB ready to use unconventional tools within mandate if needed Draghi: QE falls squarely within our mandate IMF says … Continue reading
With Gold touching a four month high last week it’s prompted some traders to take some money off the table as fears start rising among gold bugs that the Fed may start to lean to the hawkish side. We’re now … Continue reading
I know not why we had a sharp move lower in gold but suspect that we’re seeing some bad love for the dollar in general. What is surprising is that the move also comes as the VIX takes a bit … Continue reading
One thousand Donald Duck gold coins made by New Zealand’s and Australia’s Mints sold out in the first 10 minutes after their release last week! Silver coins still available
Two factors are driving a rally in gold today, prices are up $11 to $1325: Dollar weakness is good for hard assets Quarter-end window dressing. Gold is up 3.4% in Q2 and asset managers want to look clever in client … Continue reading