Since the start of this year, gold has performed extremely well. This daily chart shows the shiny metal moving steadily higher, in a bullish channel
The rally in gold that began in January has stunned most money managers. They were predicting a horrible year for gold in 2014, and a great year for US stock markets. So far, they are dead wrong.
The Ukraine crisis may or may not be over. Regardless, the crisis has only resulted in a tiny increase in the holdings of GLD-NYSE, the largest gold ETF. Please view the latest tonnage holdings above. (The holdings are in the lower right...
As gold rises steadily higher, it “refuses to have a correction”. That’s making some investors nervous. Gold is the greatest investment asset in the world, so it’s important to stay focused on the big picture.
For the past few years, the citizens of China and India have been in the “gold buying spotlight”. I’ve hinted that the citizens of Japan could soon become another source of sizable demand.
In the gold market, there may be a “perfect storm” of bullish fundamental forces converging now. First, gold jewellery companies in China are reporting phenomenal increases of 15% - 50% in sales, for the Chinese New Year buying season.
Global stock markets are tumbling. While mainstream media personnel discuss a “short and healthy correction”, many value-oriented investors believe that most stock markets are entering a significant bear market.
While global stock markets have not done well since “taper number one” was announced in December, the performance of gold stocks since then has been superb.
Most junior gold and silver stocks have taken a horrific beating over the past few years, even while gold prices have remained relatively elevated. Bank analysts suggest that high mine costs are largely to blame for this sell-off. Recently...
In 1973, as heavyweight boxing champion Joe Frazier was knocked to the canvass by George Foreman, Howard Cosell uttered the now-famous words, “Down goes Frazier!”