Joe Foster
Joe Foster Articles
Since our last update, and indeed since early June, gold has been in a holding pattern, moving sideways within the $310 to $325 range. Likewise, the trade-weighted U.S. dollar has drifted sideways, and the equity markets have stemmed the...
Hello everyone, this is Joe Foster with a Gold Market Update on Monday, September 9th, 2002. Our next Update will be on Monday, October 7th, 2002.
The summer correction continues, while the volatility picked up in July. Gold saw its largest weekly decline in recent memory at the tail-end of a massive two week sell-off in the general equity market that took the Dow Jones Industrial...
The first half of the year ended with some curious excitement in the gold market. On Friday (June 28), gold drifted lower, looking to close down about three dollars at the $317 level on the nearest (August) COMEX futures. At seven minutes...
Many market watchers, ourselves included, have been anticipating a correction or consolidation for gold and especially for gold shares. The $330 level has been touted as a major technical barrier on the upside, and so far has lived up to...
It seems that market watchers and economic forecasters are unevenly divided into two camps with widely divergent views. The first and most populous are those who see the current economy in terms that relate to benchmarks or events that...
It seems like Central Banks get a little nervous any time the price of gold starts with a three, at least that is what the timing of the statements made in a Bloomberg interview with Bundesbank President Ernst Welteke on February 12th...
Since our last update, bullion dipped near long-term support levels at $278, but quickly reversed course to end the week with an impressive $3.90 rally on Friday to close at $286.00. A steady trend-line along progressively higher lows has...
Gold had a sharp correction last week as it declined to the $280 level, finding support at the 45-day moving average and maintaining the positive trend that has been in place since April. Likewise, gold shares are finding support at the 45...
