The technical set up on Gold looks increasingly bullish and Citi's FX Technicals group continues to expect further gains. The picture on Silver also looks constructive and Citi notes, over time it may well outperform Gold. A weekly close above the $1,434, if seen, would suggest extended gains towards $1,685 and beyond. As they warn (gold bears), we may have â... read more
With incredible bullish and widely misunderstood fundamentals generally kept sequestered from the mainstream, it is easy to rationalize higher prices eminent at any point in time. This is certainly why so many analysts and many new investors arrive to the sector with an impatience driven by the accident (surging prices) waiting to happen any minute.
This is fueled, in large part, by the poss... read more
Silver's 4.4% rise today - back above $21 for the first time in 3 months - is the largest single-day surge in 5 months. While gold has been making the headlines, silver has risen 11.9% with no down days in the last 11. This is the best 2-week run in 6 months as the Gold-to-Silver ratio has collapsed from over 65x to 61x today.
Qui... read more
On the surface it looks like there is deflation on the way. Japan is failing to inflate and China is tightening because of the problems in their banking system and shadow banking system. The EU banking system has also restricted lending...
This has led to the ECB having reduced its balance sheet substantially. In the US there is now tapering of $20 billion per month. If this continues we wil... read more
Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML's Macneil Curry. Across asset classes, Curry points out that Gold was the first to make its low against the US Dollar, doing so back on Dec-15. The second market to turn against the US Dollar was US Treasuries, with Ten year note f... read more
Hedge funds raised bullish gold wagers to a three-month high as signs of slowing U.S. economic growth spurred demand for haven assets. Billionaire John Paulson maintained his bullion holdings last quarter.
The net-long position climbed 17 percent to 69,291 futures and options in... read more
Gold advanced to the highest level in more than three months as speculation the U.S. economic recovery will slow spurred demand for a haven. Silver headed for the longest run of gains since at least 1968.
Bullion climbed 4.1 percent last week, the most since the period ended Aug. 16. U.S. factory production unexpectedly declined in January by the most since May 2009, according to a report re... read more
Gold headed for the biggest weekly advance since August as concern that the U.S. economy may be slowing down increased demand for precious metals as a haven. Silver was set for the longest rally since March 2008.
U.S. factory production unexpectedly declined in January by the most since May 2009, figures from the Federal Reserve showed. Bullion is heading for the eighth straight day of gains... read more
a stellar year-to-date showing, gold prices in 2014 are up 7.6% - compared to the Dow Jones Industrial Average's 3.9% drop.
Gold set a new closing high record for 2014 on Wednesday when it added $5.30 to hit $1,295.20 an ounce.
Pushing gold t... read more
Gold finally plowed through $1250, Eric, and we got the expected move higher. The central planners tried ‘circling the wagons’ at $1,275, but they could not hold that line -- there was just too much buying power behind gold’s surge...
As a result, we are now seeing the managed retreat that always occurs when the central planners defensive line is overpowered. Gold’s enemies - the c... read more
