x
Gold at key level while silver remains weak
Those hazy, lazy days of summer influence markets as well. While gold is attempting to reverse, silver remains weak. What we are seeing is that all markets are basically in a coma; equities are creeping to new highs while precious metals remain weak. Read More
Gold price pushes into positive territory following a sharp drop in New York Fed Empire State Survey
The gold market is seeing some modest support as prices continue to bounce off their session lows following weaker than expected data from the New York Federal Reserve.
Monday, the regional central bank said its Empire State manufacturing survey's general business conditions index fell to a reading of 18.3 in August, down significantly from July's reading of 43. The data was worse expected as consensus forecasts were calling for a reading around 28.9.
The gold market has bounced into positive territory following the disappointing manufacturing data. Read more
Central banks are stepping up their gold purchases
Recently it was reported that Brazil's central bank purchased over 62 tons of gold. It was not only the fact that these purchases were made that was the key, it was also the speed. Gold telegraph noted that the 62 tons were bought over a three-month period. This now puts the national reserves at 130 tons.
In addition to this, central banks purchased 333.2 tons. Read More
Gold rallies as confident bulls buy the early dip
Gold prices are moderately up in midday U.S. trading Monday. The bulls have momentum on their side and stepped in to do some bargain hunting on the overnight/early-morning dip in prices. The yellow metal has made a solid recovery from the August lows and the bulls and bears are now back on a level overall near-term technical playing field. More gains this week would put the bulls back in control of the charts. A bit more anxiety in the marketplace early this week also produced a bit of safe-haven demand. October gold futures were last down $3.50 at $1,772.50 and September Comex silver was last down $0.309 at $23.475 an ounce. Read More
Gold stocks have the highest cash flow ever, so why are prices down? Michael Gentile
The gold mining sector is demonstrating excellent fundamentals, representing a complete disconnect between intrinsic value and market value, said Michael Gentile, strategic investor.
"The industry has never been better fundamentally at a time when the least amount of investors ever have interest in the sector," Gentile told David Lin, anchor for Kitco News. Read More
Gold price pauses near $1,800, analysts warn of another selloff
After seeing double-digit gains Monday, the gold's price action paused just below $1,800 an ounce. And some analysts are now warning of another selloff if the $1,800 level proves to be too strong of a resistance point.
Following a flash crash early last week, gold has managed to recover well, with demand coming back amid some anxiety in the marketplace. At the time of writing, December Comex gold futures were trading at $1,789.60, up 0.64% on the day. Read More
Jackson Hole predictions: Big turning point for markets, bad news for gold? Gary Wagner
Gary Wagner, the editor of TheGoldForecast.com, said that pressure is mounting for the Federal Reserve to announce tapering measures. Read More
Gold and silver move higher heading into the European open
Gold and silver are both trading higher leading into the European session. During the Asia Pac session, the yellow metal climbed 0.31% to build on the 0.44% rise on Monday. Silver has also moved 0.28% in the black after a stellar performance during yesterday's session. In the rest of the commodities complex, copper is -0.24% lower and spot WTI is down around -0.41%. Read More
UBS is calling for lower levels in gold
UBS said investors should rethink their bullion holdings as the global economy recovers. The Swiss investment bank told investors to rethink their bullion holdings as the global economy recovers and the dollar strengthens into next year, according to Bloomberg reports. Read More
Ep. 44 Live from the Kinesis Vault:
London Gold & Silver Trickery Hits Comex Delivery Market
In this week’s Live from the Vault, Andrew Maguire exposes the insider manipulation behind Monday’s counterintuitive gold and silver crash, which saw the gold price-driven $90 lower.
The precious metals expert explores the connection between Basel III and the orchestrated price move and declares the stage now set for gold and silver to rally.
Kinesis is a revolutionary gold & silver monetary system operating on the blockchain, based 1:1 on allocated gold and silver, providing users with a stable store of value. One that rewards you every month, allowing you to send, spend and trade in digital gold and silver.
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.
