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Gold sector cycle is now down. Trend is up for USD and down for gold & gold stocks. Looking for a new set up to trade the short side.
Last week, I wrote Gold Could Collapse or Challenge $3000 in November. This week's election results support the former, and the odds now favor a pullback in gold to its 200-day MA (currently $2,400).
Latest Gold Articles
For investors seeking exposure to gold, mining stocks and ETFs like GDX, which holds a diversified basket of approximately 46 gold mining companies weighted by market capitalization, may seem appealing due to their leverage to the price of gold. However, while...
The insane neo-Keynesian policies implemented by the Biden-Harris administration have created persistent inflation and record levels of debt with two objectives: to bloat Gross Domestic Product and jobs with public spending and government jobs.
We now move from the stage where I was, in a lonely manner, predicting for months inflation would rise near the end of summer to the stage where everyone is in on it because it has become obvious, so the rise in today’s report is suddenly no surprise.
Chris recently sat down with Aaron Hoddinott on Pinnacle Digest’s podcast. Topics covered the gamut from how a high school trading/investing project changed the course of his life to blowing up his trading account while learning the do’s and don’ts to the Asset-Revesting style that he developed and uses now.
There's been a lot of change in the structure of the gold market in the past week since the election.
We saw a small move up in the precious metals sector (and then back down), which is completely in tune with what I wrote yesterday, and as such, it doesn’t change the outlook.
The Wall Street Journal published an in-depth story Tuesday about an armed drug cartel that’s illegally mining gold from a China-owned mine in Colombia.
Gold fell 2.42% today in continuation of last week’s price action. Gold is experiencing a normal pullback after its whopping 50% rise this year. I'm not worried one bit. I'm now watching $2,600 in COMEX futures and the uptrend line as key support levels. Ideally, I’...
More voices are harmonizing with mine by saying that the recession already began this year. (Which is not to say they are saying it with any awareness of what I’ve been saying, as I don’t suppose they are.) Today, Ed Dowd says that Donald Trump is inheriting “a turd...
James Madison called public debt “a public curse.” We're currently cursed to the tune of $35.9 trillion and counting. To make matters worse, the size of the debt is exacerbating the debt.
Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press...
We saw a lot of gold and silver short covering by the banks in the latest COT report. Ahead of this week's report, which will show us what the banks did while the price was declining in the days after Trump's election.
Is the US stock market now in a blow-off stage, like in 1929? If so, how will the coming collapse affect gold, silver, and mining stocks?
Triple Flag reported earnings this past week, which topped earnings per share (EPS) overestimates given by analysts covering the company. Triple Flag also beat revenue estimates of $67.18M with an actual $73.7M in revenue reported.
Gold is fundamentally money, but there is demand for the yellow metal in industry and technology. Industrial and tech demand accounted for 83 tons of gold in the third quarter, a 7 percent year-on-year increase. It was a 2-ton increase quarter to quarter.
Before your head explodes after reading the title of this article, I am going to ask you to maintain an open mind as you read through this article. It may cause you to begin to see the market as it is rather than as you believe it to be. In other words, try not to...
We discuss the reasons why a secular bear market will begin sometime in the next four years. Its a commentary on the conditions, not on Trump or his policy.
A lot of the market activity this year has been driven by the buildup to the election. But now that it's over, what's next for gold and silver? We've seen an historic rally for both metals in 2024. But with Trump on his way back into office, what will be driving...
Earlier this year, Gold broke out of its cup-and-handle pattern and made its biggest breakout in 50 years. It has steadily climbed higher but could be experiencing its first notable post-breakout correction.
What a week for the Dow Jones, and gold. Though looking at their Bear’s Eye View charts, nothing dramatic happened this week, as seen in the Dow Jones BEV chart below.
I’ve been confidently anticipating the Mother of All Tops since, like, around 1975, but this week I decided to go wholeheartedly with the flow. The result, technically speaking, is a robustly optimistic S&P target at 7644.50.