November 13, 2019 |

Forget Price. It’s Time to Buy 

forget price

The gold market continues to languish below the psychologically key $1500 level. The market, while having several long-term significant bullish catalysts, seems to be lacking a fresh, short-term bullish force that could take prices beyond the $1500 level to stay. Given the last few weeks and gold’s lack of follow through, many investors may currently be asking:  “What’s the problem?” In short, there does not appear to be any type of problem. Sometimes, good things simply take time. That’s all.  That is also why you... Continue Reading

Category |

November 8, 2019 |

How Quickly Things Can Change

how quickly things can change

After seeing some moderate selling in early trade today, the gold market has been clawing its way back to nearly the unchanged level for the session. At the heart of gold’s reversal could be commentary from President Donald Trump. The President recently suggested that the U.S. was not going to follow up on previous discussions phase out tariffs along with China as part of the Phase 1 trade agreement gets ready for signatures. Not surprisingly, the gold market’s rise today happens to coincide with stocks... Continue Reading

Category |

November 6, 2019 |

Big Picture Is Bullish

the big picture

The gold market is working hard today to recover some of yesterday’s declines. Oddly enough, the yellow metal is stronger even as stocks are also moving mostly sideways today. Although this may come as a significant surprise to many, it really shouldn’t. The gold market could very well move higher along with stocks in the weeks and months ahead. The U.S. Fed recently suggested that it would not look to hike rates again until there is a pickup in inflationary pressures. The central bank has... Continue Reading

Category |

November 5, 2019 |

Another Sign of Strength

sign of strength

The gold market had a lackluster day overall. Prices were slightly higher in early afternoon trade as the bulls attempted to fight off numerous, bearish inputs that included stronger stocks, hopes for a U.S./China trade deal and more. The fact that gold did not, however, see any significant declines could be viewed as yet another important sign of strength. With stocks making a fresh all-time high today, selling was lackluster in the yellow metal. Stock investors appeared to be cheering on hopes for an initial... Continue Reading

Category |

November 1, 2019 |

More Trouble Ahead

More Trouble Ahead

The gold/copper ratio reached its highest level in three years in the third quarter, in what could potentially be a signal for price movement in the year or even years ahead. The World Bank recently, according to Kitco, said that the price of gold is likely to push back towards the $1600 region. There are numerous potential reasons for gold to push higher as copper and base metals push lower or remain stagnant. In fact, a price of $1600 per ounce represents a less-than six... Continue Reading

Category |

October 29, 2019 |

All-Time Highs May Weigh

all-time

The gold market, is often the case, has numerous, major implications working both for and against it. To start the new trading week, the market is having to grapple with fresh all-time highs in stocks. It’s really no surprise that fresh equity all-time highs might act as a downward pressure on gold and other hard asset prices. Investors are drinking the Kool-Aid currently, and word that “Phase 1” of a U.S./China trade deal is almost ready for signatures is playing with people’s emotions. Despite the... Continue Reading

Category |

October 25, 2019 |

Gold Slightly Lower

found a bottom

The gold market is getting hit hard in action on Thursday following significant weakness in the overnight session. The primary drivers behind the selling include weak data out of China, a higher dollar index and some corrective trade after recent gains. An apparent stall in U.S./China trade talks is not doing the market any favors, either. Chinese Data The Chinese economy continues to show signs of slowing as industrial output came out lower than expected. According to MarketWatch, the latest reading on industrial output rose... Continue Reading

Category |

October 17, 2019 |

The Next Major Breakout is Brewing

breakout is brewing

The gold bulls have not had much to cheer about in recent weeks. After hitting a multi-year high, the market has eased back and seemingly entered a consolidation phase. The last several weeks have seen prices trade around the $1500 region, and although prices are currently below this support level, they have not seen a significant leg lower. The lack of upside in recent weeks is actually a positive thing, not a negative. The next major breakout is brewing. After reaching multi-year highs in recent... Continue Reading

Category |

October 15, 2019 |

Major Hurdles Down the Road

major hurdles

There are numerous reasons to own a significant allocation in gold. In fact, given the current economic and geopolitical landscape, it has arguably never been more important to have a significant allocation in this key asset class. Although the list of compelling reasons to own the metal can be quite extensive, there are three major themes that investors need to consider as economic and geopolitical dynamics shift. The economic expansion and bull market in stocks is likely at or near its end. As the global... Continue Reading

Category |

October 11, 2019 |

You Can’t Afford to Wait

you can't afford to wait

Stock markets are sharply higher today as hopes for a U.S./China trade deal appear to be on the rise. The ongoing trade war has been a source of market volatility and significant shifts in sentiment for several months now. Although a deal may boost stocks in the short-term, there are still many major hurdles to an ongoing stock bull market. In fact, given the age of the bull market and the state of the global economy, the market is far more likely to be at... Continue Reading

Category |