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A new global rate-cutting cycle has been announced, and gold has broken out to the upside, getting all the gold bugs excited. Gold traders are speculating whether or not gold is on its way back up to old highs. What they forget though is that in many currencies, gold has already reached new hi...
In spite of a strong dollar, the gold price has benefited in the past month from a drastic increase in fear among investors. A confluence of economic and geopolitical events has made gold extremely attractive as a safe-haven asset, which is plainly evidence by the metal’s extraordinary ...
Back on May 27, I authored my first article on gold in quite some time. As I noted in that article, there was not much for me to say until that time, as gold was clearly within the consolidation/pullback phase I had expected months before that. Within the May 27 article, I highlighted that...
The $1,360/oz price level has acted as an invisible "Maginot Line" since 2013. The wall was decisively breached this week as both Chairman Powell and ECB President Draghi signaled monetary easing was ahead. This was sufficient confirmation to the gold market that currency debasement was again ...
Gold is a currency and a commodity that is unlike all other assets as it is a hybrid. As a raw material, jewelry, and a myriad of industrial applications require gold. As a currency or financial asset, central banks around the world hold the yellow metal as an integral part of their foreign ex...
As opined in my article just a few days back " Gold On Cusp of Breakout ," the yellow metal would develop wings once it thrusts past the 1,365 resistance. When my piece was published, Gold ( GLD ) was trading at 1,341. Just three days later, Gold is now trading at 1,383 with today's high at 1,...
Based on the findings of our gold price framework, we have long argued that we have entered a new gold cycle. However, until now, there was always the risk that strong economic growth could allow the Fed to raise rates above what the FOMC members themselves expected was possible. As markets an...
Renewed interest due to… interest? No doubt you've noticed gold's recent bullishness . At first glance, you'd think gold supplies are tightening. At least that's what casual observers of the gold futures market might think. You see, there's this thing called contango. A contango ...
Image Source Gold: At a 5-Year High and Likely Going a Lot Higher At the time of writing this article gold is trading at around $1,385 per ounce, its highest level in more than 5 years. In fact, gold is likely on the verge of a major break out that should elevate prices of the yellow m...
By Jeff Weniger, CFA, Director, Asset Allocation 40 Years of Fraught U.S.-Iran Tension in the Persian Gulf Plays On With Iran backed into a corner, increased tension between the regime and the White House has resurrected talk of a closing of the Strait of Hormuz, the critical waterway by...
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2024-06-26 04:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
BlackRock has one of the most comprehensive and diverse investment platforms in the industry, providing investors with choice to meet their investment objectives. Investors are continuing to turn to BlackRock to unlock the full potential of their portfolios, as reflected by $1.9 trillion of net i...
2024-04-16 07:24:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...