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The bounce in gold and silver is weak
What looked like a possible blow-off bottom in gold and silver on Monday appears to be more weakness and lower prices ahead. Today we are seeing a weak rally considering the punishment the metals have taken in the last few days. Our expectations are this small rally will fail. Read More
Gold, silver gain a bit as bulls work to stabilize markets
Gold and silver prices are moderately higher in midday U.S. trading Tuesday, on normal upside price corrections after the sharp losses suffered last Friday and on Monday. Gold on Monday hit a more-than-four-month low and silver scored a more-than-eight-month low. The precious metals bulls appear to have stabilized their markets—at least for now. October gold futures were last up $6.00 at $1,730.40 and September Comex silver was last up $0.106 at $23.38 an ounce. Read More
Barrick CEO: Gold’s real rally hasn't even come yet; Mark Bristow on Q2 results, forward guidance
Mark Bristow, CEO of Barrick Gold, discusses with David Lin, anchor for Kitco News, why our current environment may be similar to that of 2008's when gold initially lagged and then spiked three years later.
"I always take people back to 2008, 2009, the Global Financial Crisis, all those troubles. The market didn't really react to that because it was desperate to see us come out of it before we really appreciate the damage that it had made. It was only 2011 when we saw everyone react to the damage, and of course, the gold price went up and it stayed up until past 2013," Bristow said. "I think we're finding the same thing now." Read More
Gold price technicals 'look awful': Metal's worst enemy weighs on potential recovery - analysts
Gold price could continue to struggle under the weight of its worst enemy – the U.S. dollar – until an official taper announcement is made by the Federal Reserve, according to analysts.
After losing nearly $100 in August, gold will need some time to stabilize and find its new support levels.
"The technicals look awful for gold, but if prices could stabilize between $1,700 and $1,750, that might allow some longer-term investors to scale back in," said OANDA senior market analyst Edward Moya. "Gold's worst enemy is a stronger dollar, and that might remain the theme until the Fed makes the formal taper announcement. Traditionally when the taper starts, it should be bullish for Treasuries and thus supportive for gold." Read More
Gold- the big bang
It began on Thursday, August 5, the day following the release of ADP's private-sector jobs report. This was the first day when gold traded on an intraday basis below its 100-day moving average, which is currently fixed at $1803. On Wednesday, August 4, gold futures traded to an intraday high of $1836.10 before settling, in essence, unchanged near the lows of the day. Read More
Max Keiser: In 4 years, half of U.S. politicians will be 'Bitcoiners' as dollar collapses
All fiat currencies lose their value over time, and as the dollar loses its value, American politicians will eventually see the benefits of adopting Bitcoin, said Max Keiser, host of The Keiser Report and co-host of The Orange Pill Podcast.
“Within four years, half the politicians in America will be Bitcoiners and working extraordinarily hard to make Bitcoin Standard in America,” Keiser told David Lin, anchor for Kitco News. Read More
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Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
