Gold Speaks

As investors wait for more clues to the state of the global economy. Originally from Mineweb – Daily news headlines

LOS ANGELES (MarketWatch) — Sydney shares started the new Australian fiscal year Thursday by extending losses from the previous session, tracking bearish sentiment elsewhere in Asia and in the U.S. The S&P/ASX 200 fell 1% to 4,258.6 in early trading, with miners pulling back amid uncertainty over a compromise with the government on Canberra’s controversial [...]

There’s a lot of buzz about whether the gold market continues higher, or whether it’s time for a correction.  The short answer is both are still a viable option. Below is the daily chart of GLD.  It’s grinding higher within a narrowing band of resistance and support trend lines.  It looks tired based on divergences [...]

Is it conceivable, is it even possible that the gold bull market is complete, finished, and over for this cycle? This REPORT presents evidence that suggests we maintain a cautious attitude towards the gold complex. We know that gold bugs rant and rave about the price exceeding $3,000, $6,000, and now $10,000 an ounce. However, [...]

Risk aversion led to falls in equity and commodity markets yesterday but gold again managed to eke out a 0.5% gain. The complacency of recent months is being challenged by a raft of negative data and by increasingly precarious fundamentals. Concerns about Chinese and global economic growth and about the European banking system and sovereign [...]

Originally from MarketWatch

SAN FRANCISCO (MarketWatch) — Gold futures inched higher Wednesday, overcoming initial weakness and choppiness as investors cheered gains of around 2.5% for the month and about 12% for the quarter – gold’s seventh consecutive quarter gain. Gold for August delivery added $3.50, or 0.3%, to $1,245.90 an ounce. Copper also fluctuated earlier, but ended the [...]

Gold futures reverse higher Wednesday, as investors weighed a disappointing jobs report against a hopeful read on manufacturing activity in the Chicago area. Originally from MarketWatch

The next few years offer the possibility of a spectacular traders market but bullion could be better a better bet than the big miners Originally from Mineweb – Daily news headlines

NEW YORK (TheStreet) — Nicholas Brooks, head of research and investment strategy for ETF Securities, expects choppy trading in the gold market to continue but thinks that fundamentals support higher prices over the long term. Originally from TheStreet

SAN FRANCISCO (MarketWatch) — Canadian stocks Wednesday recovered some of the prior sessions losses as U.S. stocks fell on payroll data, boosting confidence in more safe-haven investments like gold. Canada’s economy, with a heavy metals and mining sector, is sensitive to fluctuations in gold prices. The rise in metals prices overshadowed a Statistics Canada report [...]

Gold futures reverse higher Wednesday, as investors weighed a disappointing jobs report against a hopeful read on manufacturing activity in the Chicago area. Originally from MarketWatch