The yellow metal steadied on Wednesday, after having neared two-month lows the day before in its largest monthly slide since September, prompted by the US dollar’s rise against the euro. Originally from Mineweb – Daily news headlines
Gold is in the bump phase of a seven-year Bump-and-Run Reversal Top pattern which typically occurs when excessive speculation drives prices up steeply, and is now at a critical juncture which could change the long-term trend of gold. Silver is already in the run phase which does not bode well for its future price. Let [...]
You’ve probably heard it many times: “Gold is a good hedge against inflation”. But IS it? That’s the question we will try to answer in this article. Originally from The Market Oracle
What do you get when you mix negative real interest rates with stimulative money supply efforts by global central banks? An exceptionally potent formula for higher gold prices that could send gold to the unimaginable level of $10,000 an ounce. Negative real interest rates and strong money supply growth are two key factors of what [...]
Peter Krauth writes: Despite a pullback from its all-time high of about $1,920 an ounce set in September, gold is still trading in the $1,750 range. In fact, the glittering metal has gained 22% in the past 12 months. What’s more is that I believe gold prices will eclipse $2,200 an ounce next year, and [...]
Jeff Clark, Casey Research writes: A young woman – let’s call her Andrea – inherited some money from her father in late 1997. She was only nineteen at the time. Not knowing the first thing about investing, she kept the money in stocks and bonds as her father had, wanting to hold on to it [...]
An analysis of how the gold price is determined at the London Fix and on COMEX and which is the more significant in driving the gold price. Originally from Mineweb – Daily news headlines
In the last couple of weeks, we’ve noticed the variance of the gold Fixing price and the open market price. In the past, the two tended to dovetail giving the appearance of synchronicity. But in the last week, open market prices have tried to take the gold price down only to be pulled up by [...]
The last three major bull markets of the Dow have been followed by a bull market in gold. This is no coincidence, since these massive bull markets have been mostly driven by the huge expansion of the money supply. When this expansion of credit is exhausted, the confidence in all things (like stocks) inflated by [...]
In the World Gold Council’s (WGC) last quarterly research piece, the authors find that ‘average gold price volatility is lower for each represented year since 1980’ meaning that ‘gold also becomes less susceptible to sharp swings, heralding its value as a tail-risk hedge’. This statement got us thinking about what the future has in store [...]
With the worsening Eurozone crisis and the failure of government to manage the U.S. debt responsibly, markets are fearful of a meltdown. Traders are driving prices down in the knowledge that many positions are geared [leveraged] and exposed to margin calls. Other positions are protected by ‘stop loss’ instructions, so can be triggered by prices [...]
The threat of a fall in the gold price to $1,500 appears real at the present moment but if it does occur is likely to be brief. Originally from Mineweb – Daily news headlines
© 2012 Gold Speaks
