As the end of the year approaches, gold is swooning a bit. That’s the daily chart for gold. A broad and gently sloping uptrend channel has been established, with very volatile price action between the channel lines. I expect gold to...
As the end of the year approaches, gold is swooning a bit. That’s the daily chart for gold. A broad and gently sloping uptrend channel has been established, with very volatile price action between the channel lines.
Is Santa Claus coming to town this year? For US stock market investors, it looks like the Grinch just stole Christmas!
Is there a strong bull flag pattern in play on the daily gold chart? The US stock market has lost upside momentum, and the falling price of oil threatens to create an “Armageddon” type of event in the junk bond market, yet gold looks and...
Gold enthusiasts around the world are trying to figure out what just happened in the gold market. The price action has been dramatic, and I think I can shed some fairly bright light on the situation. The general consensus is that the...
While it hasn’t affected gold significantly, the price of oil has fallen quite dramatically over the past couple of months, and that’s bad news for oil companies. Profit margins are shrinking and layoffs could be coming, if the situation...
Gold staged a nice upside breakout from a bullish flag pattern just hours ago. After rising from an inverse head and shoulders bottom pattern, gold promptly formed a bull flag. The target of this pattern is the $1235 - $1240 price zone.
Goldman Sachs is making more rational statements about gold stocks. ‘The investment bank says 24 of the 27 gold operations under its coverage posted recoveries in line with its expectations – “which suggests to us that the vast majority...
In January of 2011, I swapped a fair amount of physical silver bullion for physical gold bullion. A couple of weeks ago, I reversed the swap. When I first did the swap in 2011, silver was trading above $30. I wasn’t trying to call any tops...
As gold traded in the $1250 - $1255 area a week ago, I suggested the price would immediately decline from there, to the $1230 area or lower. That’s exactly what happened. Unfortunately, by late yesterday afternoon, the decline had become...