Gold: $1,242.702.90 Silver: $15.720.05

Australia Mortgage Market Is Now A $1.7 Trillion “House Of Cards”

Over a decade ago, the U.S. residential housing market was revealed to be perhaps the biggest ponzi scheme ever created as easy financing enabled people to buy/build countless investment properties, that they were in no way adequately capitalized to own, with no money down all based on the premise that the house could be ‘flipped’ […]

Goldman Sachs: Gold Is The Currency of “Last Resort” But Still Headed Lower

For many investors, the geopolitical hedge is on for gold. The metal has rallied to 11-month highs again on heightened geopolitical tensions between the U.S. and North Korea. Uncertainty surrounding the Trump administration has also helped push prices higher. But analysts at Goldman Sachs are not convinced. Instead, the bank said it sees the metal […]

Fed’s Rate Hikes May Be Doing Real Harm To U.S. Economy: Kashkari

(Reuters) – The Federal Reserve’s recent interest-rate hikes may be slowing inflation, wage growth, and job growth and doing “real harm” to the U.S. economy, one the U.S. central bank’s most dovish policymakers said on Tuesday. “There may be a lot more slack in the labor market than we appreciate,” Minneapolis Federal Reserve Bank President […]

Analysts Expect More From Gold, Next Week’s Range: $1,300-$1,330

With gold trading firmly above $1,300 Friday, analysts remain optimistic about next week’s projections, with a majority looking for the yellow metal to make new gains. To most analysts, gold seems to be in overbought territory, but its downside seems limited, especially because of everything that is going on… “Political risk both related to North […]

Gold Jumps As U.S. Economy Adds Only 156K Jobs In August

Gold prices surged after the U.S. economy created fewer jobs than markets were expecting. A total of 156,000 jobs were created in August, the Bureau of Labor Statistics said on Friday. The monthly figure came short of expectations, as economists were projecting to see job gains of around 180,000. In response to the data, gold […]

Gold Pressured On Some Profit Taking, Upbeat U.S. Data

Gold prices were ending the U.S. day session moderately lower Wednesday, on profit taking from the shorter-term traders, which was not unexpected. There has been a quick rebound in investor risk appetite following Tuesday’s North Korea missile incident, and that’s bearish for the safe-haven metal. A couple of upbeat U.S. economic reports and a rebound […]

Here’s Why Louise Yamada Says Gold’s Going To Break Out

 “You do have enough here to argue that gold can go higher.” These were the words of veteran technical analyst Louise Yamada as she appeared on CNBC’s Futures Now Tuesday, when the metal rallied to levels last seen right after the U.S. presidential election last year. Indeed, there are many factors working in gold’s favor […]

Gold Hits 10-Mth High; These Are 3 Key Drivers – Analysts

Gold continued its rally Monday, breaching above the key $1,300 level and hitting a 10-month high. And one analyst says three factors are underpinning the gold market right now. “I would say it’s the low-yield environment, the trend of the dollar and strong growth in emerging markets [driving gold],” Jens Nordvid, founder of New York-based […]


Update:2:15-  Moor Analytic $1315 target attained.  As we write this, Gold  is  on its highs at $1309.90 with room to move. It would seem buyers 2 Fridays ago were indeed trapped longs who likely sold it in the hole last Friday when the market held. We  wanted a bull flag to form starting with a selloff […]

The Dollar Giveth and the Dollar Taketh Away

Over the last few trading days, it has primarily been the strength or weakness of the U.S. dollar that has been the single greatest influence on the price of gold. Yesterday’s six-dollar decline was almost entirely (95%) due to dollar strength. Today’s five-dollar advance has also been almost entirely predicated on the dollar, in this […]

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