Gold is up another $12.40 today to $939/ounce. Ever since the metal hit support at its 200-day moving average in April, gold has been rallying nicely. And based on technicals, gold has quite a bit of room to run on the upside before it starts to hit resistance again. As shown below, when the metal broke its […]
Tag Archives: Gold Price
Gold Breaks Downtrend And Dollar Breaks Down
Posted in ETFs, Forex Trading
Also tagged Commodity ETF, Gold Etf, Gold Stocks, Spot Gold
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Broader Market Technical Analysis Update
by Roy Martens The big picture hasn’t changed much this past month. The most surprising news, at least for the ones in the dark, was that China is hoarding Gold. Their reserves have risen a lot and they intend to expand their stockpile even further. Although this is very good news for Gold in the […]
Posted in ETFs, Forex Trading, Futures Trading, Market Reports
Also tagged AUDUSD, Bric Brazil, China, Commodity Cfds, Commodity Etfs, Eurusd, Exchange Traded Funds, Forex Market, Forex Trading, Gold Bulls, Gold Chart, Gold Reserves, Imf Gold, India, Price Of Gold, Rise To The Highs, Russia, Spot Gold, USD Dollar Index
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Crude Oil and Gold
With Crude Oil and Gold being in the spotlight last week, especially against purchasing news out of china, we still need to keep our feet firmly planted on the ground as we take a look at the facts. Looking at the raw data on Crude Oil provided by the EIA, it is very hard to be […]
Posted in ETFs, Forex Trading, Futures Trading
Also tagged Commodity Etfs, Crude Oil Imports, Etf, Global Demand, Gold Stocks, Oil Demand, Oil Stocks, Spot Gold, Stocks, Wti
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A Significance to the Gold/Oil Ratio?
Is there a hidden connection behind the Gold to Oil ratio? Some would say yes. We have often called Gold the King of Money, while Crude Oil (sometimes called Black Gold) is clearly the King of Commodities. Many hold the view that both Gold and Oil are a direct reflection of US dollar value ; […]
Posted in General
Also tagged Black Gold, Commodity Market, Crude Oil, Gold, Gold Commodities, gold oil ratio, Gold Trading, Oil, Oil Price
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Central Banks are Buying Gold for their Reserves Now!
by Julian D. W. Phillips It is clear now that central banks are buying gold for their reserves. Here is a brief history leading to today and the present position of central banks as they turn to buying gold.Massive Gold Sales! From the early 1980’s and for the next 20 years gold was under the […]
Posted in General
Also tagged Bank Gold, Bank Reserves, Bullion Banks, Central Banks, Gold Production, Gold Reserves, Gold Sales, Gordon Brown, Mining Companies, Price Of Gold
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Gold Price Chart
While the outlook for Federal debt and spending continues to rise, the price of gold has actually declined by more than 5% since closing above $1,000 on Friday (2/20). A look at that chart, however, shows that the price of gold remains comfortably above its 50-day moving average (889) and the one-year downtrend line that […]
Posted in Forex Trading
Also tagged Federal Debt, Price Chart, Price Of Gold, Spot Gold
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Currency Crisis: First Sterling, Now the Euro, and Then…?
by Adrian Ash How to get a jump on the big central banks as interest rates race towards zero worldwide… OF SIX CENTRAL BANKS voting on interest rates this week, only the European Central Bank in Frankfurt failed to reduce its cost of money to either record or multi-year lows, holding rates steady at 2.0%. […]
Posted in Forex Trading
Also tagged Almighty Dollar, Asset Classes, Biggest Losers, British Gold, Cash Savers, Central Banks, Currency Crisis, Currency Traders, Dollar Yen, Forex, Forex Trading, Fx, German Deutsche Mark, Gold Buyers, Japanese Yen, Mark Gold, Price Surge, Speculative Attack, Swiss Gold, Uk Pound Sterling, War Horse, Zero Hour
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Gold – very bullish action
Richard Russell (Dow Theory Letters): Gold – very bullish action “During the great gold bull markets of the 1970s to 1980, gold topped out at a price of 850 per ounce. For months now, gold has been ‘testing’ the 850 level, first rallying above 850 and then sliding below 850. Currently, February gold is trading […]
Posted in Market Reports
Also tagged Bull Markets, Doubt, Dow Theory Letters, Final Phase, Hedge Funds, Insolvency, New Gold, Ounce, Paper Money, Quantities, Segments, Viability, World Currency
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