Gold forms double bottom
Whether the FedSofter economic dataExploding physical demandCushion from classic U.S. gold coins More than a month after its astonishing mid-April drop of 14%, the gold market is settling back into a semblance of normalcy. The whipsaw volatility of recent weeks, driven by massive outflows from paper-gold vehicles like ETFs on one hand, and equally impressive […]
Read MoreGold’s coming Happy New Year
Short-term technical weaknessRenewed physical demandMore easing on the wayU.S. gold coins on the rise Following their impressive surges from mid-August to early October, during which gold gained 12% and silver jumped a whopping 26%, precious metals corrected lower through early November as the U.S. dollar rallied on the eurozone debt crisis. Since then, with two […]
Read MoreGold’s bull resumes its charge
QE3 and dollar weakness Yet more easingCentral banks and PIMCO U.S. gold coins on the rise After months of relative stillness, the bull market in precious metals has aggressively resumed its charge. All four metals have risen sharply since early August, driven mainly by renewed weakness in the U.S. dollar and the announcement of a […]
Read MoreGold turns bullish on QE3 view
Weakness in May The Big Easing Central banks buying U.S. gold coin premiums rising After enduring its worst month in a decade, the gold market has turned bullish again. Gold prices surged 3.7% on June 1, after a crushing U.S. non-farms payroll report combined with softer manufacturing data to confirm a slowing trend in the […]
Read MoreGold readies for next big rally
Easing "on the table" Unpleasant surprises Negative real interest rates Gold, silver charts bullishStunning values in U.S. gold coins One of gold's most attractive qualities in a portfolio is its dual nature. It can trade as a traditional commodity, tracking higher with risk assets like equities, or as a safe haven currency, providing low or […]
Read MoreGold’s best start since 1980
Enormous debt and liquidity QE3 spells higher gold Charts bullish for precious metals Superlative values in U.S. gold coins Gold's bull market is back with a vengeance. Surging 13.9% from its last close in December to its last close in January on the London fix, spot gold is off to its best start of a […]
Read MoreGold bullish after big correction
Echoes of Lehman Brothers Correction creates rare opportunity Promising charts for gold and silver Excellent opportunities in classic gold coins It�s been an amazing third quarter. In early July, the Dow rallied above 12,600 to one of its highest closes in more than two years, only to drop some 2,000 points to its lowest close […]
Read MorePerfect storm for precious metals
Perfect storm for precious metalsThe profit cycle renewsBullish chart for gold Classic U.S. gold coins � Deal of the Year! Perfect storm for precious metals The perfect storm for precious metals, especially gold and silver, continues to gather strength. In late April, gold reached its highest price ever at $1,563 per ounce and silver skyrocketed […]
Read MoreGold consolidating 2010 gains
Gold consolidating 2010 gainsNew record highs coming in 2011Classic U.S. gold coins now underpricedEuropean gold coins steady Gold consolidating 2010 gains Gold, silver, platinum and palladium all finished out 2010 showing remarkable strength. Gold set a new all-time high of $1,423 per ounce, up 23% since August. Silver rocketed up 67% from just under $18 […]
Read MoreGold surges 19% to new record highs
In this issue: Gold surges 19% to new record highs QE2 or another Titanic?Metals charts consolidating gains Great values in U.S. gold coinsLow prices on European gold and modern bullion Gold surges 19% to new record highs In our last commentary, when gold was at a record high of $1,280, we advised that its autumn […]
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