Can Gold Reach New Heights This Year?

As traders return and realism about the economic prospects overcomes the lies and procrastinations of our political masters and their acolytes then we fully expect gold to reach new heights, most probably by the end of the year to be knocking on the door of $1300 an oz., quite possibly even considerably higher.

Missing a Golden Opportunity

Although historically most years have seen gold trade sideways in the months of July and August, potential buyers risk missing a golden opportunity (pun intended) to top up on their gold holdings if they assume that the yellow metal will follow its historical path.

Gold Going Nowhere

This morning’s trading in Europe saw spot gold falling back to around $1180 where it had languished for most of Thursday. Right now it looks as if gold, with silver, is going nowhere as fears of a second recession mount, worldwide stock markets fall heavily, and the flight to liquidity gathers pace. share: Bookmark on [...]

Flight To Gold And The Dollar Due To Europe’s Mistakes

Europe’s mistakes have compounded to put the single currency in serious jeopardy with a growing risk of a break up resulting in a flight to gold and the dollar.

Europes Bad News Pushes Gold Up

Spot Gold is hovering around $1164 an ounce just before the New York opening this morning. If gold is breaking out then this week’s news is certainly helping it on its way. The bad news from Europe, with Greece relegated to junk bond status and the spotlight turning on the other Euro land basket cases, [...]

Gold Price Action May Be Signaling the Next Big Move Up

The price action in gold and silver this week may be signaling the next big move up. Our sample of technical analysts seem to bear this out and we have little doubt that those fundamentals that have been in place for what seems an eternity are now strongly influencing the bullish decisions of many speculators in precious metals.

Is There A Bright Side To The Week’s Gold Plunge?

Spot Gold has tumbled from over $1160 at its peak to Friday’s after hours close at $1066. “ Courage mes enfants” as Napoleon is supposed to have exhorted his elite guard at Waterloo, for we forecast a bright side to this months gold plunge.

Conflicting Messages From Gold Chart Analysts

Conflicting messages are coming from the gold chart readers camp as analysts ply their trade in the hope that their choice of time frame, over bought, over sold, head and shoulders, reverse head and shoulders, triangular patterns, fibonacci, MacD etc. and the myriad of other mostly lagging indicators will guide them and their followers to bumper profits.

Gold Players Favour The Short Term

Spot gold started off the week a little over $910 an ounce and rose to $941 before settling down in the $936-938 range on Thursday and at Fridays mid morning European trading.

There were signs earlier in the week that fears of inflation were taking centre stage but that seems to have retreated to the back burner as gold players continue to favour the short-term game.

Gold Drops To $929, Is This Just The Summer Doldrums?

Spot gold dropped sharply to $929 an ounce for a very brief period in European mid morning trading today. The question facing gold and silver market players is whether the last two weeks of gold trading in the $930-$940 range is simply a continuation of the metals historical summer doldrums or are there other factors that may be detrimental to the continuance of the long term bull trend that originated in 2005.

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