Gold & Silver

Gold Prices Held In Check As Fed Rate Hike Fears Linger

While the debate continues as to whether or not the Federal Reserve will hike rates in its upcoming meeting in two weeks, gold prices are giving off vibes as if it expects one. Yesterday was a risk-off session as far as equities were concerned, with the S&P 500 Index down…

Macro Market Outlook: Crude Oil Jumps; Stocks Not Out Of Woods

No doubt, last Monday’s open marked important lows across the globe. Maybe we won’t see them for awhile. But downside momentum for stocks has been strong and we haven’t even broken meaningful breakdown pivot levels yet. Let’s not get ahead of ourselves with ‘but nobody is expecting a V bottom’…

The Rotation Report: This Week’s Macro Market Outlook

In an effort to make things easier to digest, I’ve decided to split the Rotation Report into two segments running bi-weekly.  The Rotation Report will alternate betweet market rotation and group action and a Macro Market Outlook. This week we’ll start off with the Macro Market Outlook. Let’s start with…

Gold Relief Rally Underway; Crude Oil May Be Next

Gold Prices Still Looking Higher The SPDR Gold Trust ETF (GLD) broke out of a small price consolidation this week and looks to have a clear shot of rallying back up to its breakdown area of 110. Because GLD fell so sharply following its breakdown below 110, there is virtually…

Are Gold, Copper, And The Miners Setting Up For A Rally?

In my opinion, the metals and their respective commodity currencies are preparing for a very tradable bounce. Note the use of the word “tradable”, as this type of rally will not be “long term” in nature as the metals are in established macro down trends. I see these opportunities being 4-8 weeks…

The Rotation Report: Patience Leads To Market Opportunities

After Facebook (FB) reported earnings, 22 analysts raised price targets.  22!  That is a helluva clear sign the bull’s boat is getting full. That also shows a clear lack of diversity in opinion, which is a key characteristics of market reversal points. Remember the monster earnings pop for Amazon (AMZN)…

Gold Oversold: Will Mini-Capitulation Lead To A Rally?

The SPDR Gold Trust Shares ETF (GLD) has stabilized over the past week. This might not sound like much, but could be very important as prior to this calmness, GLD was in a mini-free fall. Whether this is just a pause in the downtrend or a market that is ready to put…

Gold As A Safe Haven Through History

Estimating the value of gold through history is an inherently challenging pursuit. Nevertheless, Chartered Financial Analyst, Stephen D. Simpson has attempted to glean some insight into how ancient societies valued gold. An 829 troy ounce Greek talent valued near $1.0 million today was valued at $13.5 million in ancient Greece…