All institutional eyes are on the Brexit vote. In the short-term, it’s the main driver of gold price discovery.
On Tuesday of last week, I told the Western gold community, “This is a time for investors to position themselves for the next wave higher…and for gold stocks that wave may just begin on Friday morning!”
When titans clash, reverberations are felt around the world. The US central bank has begun a titanic clash with the US government. Consequently, all markets will be impacted significantly as the battle unfolds.
From a technical, fundamental and seasonal perspective, the current gold price correction is exactly what “the golden doctor has ordered”.
Gold continues to garner solid global institutional support…and shows great resiliency on every sell-off against the dollar.
Gold rose towards key resistance a week ago. The resistance is defined by the 2013 price point of $1320 and the 2015 price point of $1307. It reached about $1306. As it did, I called the market a “profit booker’s delight.”
Gold and related assets continue to stun most analysts and investors as they surge relentlessly higher against American fiat currency.
All institutional analyst eyes are on this week’s central bank announcements from Japan and America. Most gold community analysts seem to have a difficult time grasping the idea that Japan’s fiat currency is viewed by top FOREX money...
Gold continues to astound most analysts, as it moves relentlessly higher. This is the daily gold chart. The triangle pattern in bullish play is perhaps best described as an “Ode To Awesomeness”. Note the inverse head and shoulders...
The price action continues to be superb for most mining stocks held by the Western gold community. Now, silver bullion is poised to join the upside fun. That’s an indication that the current rally will enter its final stage. The final...