Tag "gold prices"

Gold Chart Update (GLD): Back In A Trading Range

The last 2 months haven’t been kind to Gold bulls. The precious metal appeared to be breaking out in early September, but that breakout attempt failed miserably. Today we’ll take a look at the chart of the Gold ETF and provide an update. SPDR Gold Shares ETF (NYSEARCA:GLD) The Gold…

Gold and Precious Metals Sector At Important Juncture!

Investors are right to be a little concerned when looking across the metals sector of late. Gold (NYSEARCA:GLD), Gold Miners (NYSEARCA:GDX), and Steel… there all in a short-term decline and approaching critical price support levels. Most of these are trend lines so bulls want them to hold. In the the…

Gold Chart Spotlight: Bulls On The Ropes…

iShares Gold Trust (NYSEARCA:GLD) Analysis & Outlook: Our steadfast bearishness toward the yellow metal, even as the world turned bullish, is paying off. Gold prices (GLD) are sitting slightly below the key 123 level and I’d like to see additional weakness (2% below 123 – we’re almost there) to confirm…

Gold / U.S. Dollar Ratio Racing To A Near-Term Peak?

Two of 2017’s major investing themes thus far are the return of Gold (NYSEARCA:GLD) and the prolonged weakness in the U.S. Dollar (CURRENCY:USD). Year-to-date, Gold is up 15.72% while the U.S. Dollar is down 9.57%.  This follows a multi-year decline in Gold and a multi-year rise in the Dollar. The…

Investor Alert: Gold Is The New VIX

  August may be known as the month of Volatility, but September is regarded as the the worst month for stocks. Simply put, August may have the biggest, unexpected volatility spikes from a place of complacency, but September has the largest draw-downs in equities, historically. So what’s at stake, or should…

Is Silver Price Confirming Gold Sentiment?

Earlier this week market participants were exposed to some after hour fireworks – North Korea had launched a missile over Japan. As expected, gold prices caught a bid and stock index futures pulled back. The following day there was sentiment among many social media participants that “the Gold bull market…

Is This Gold Breakout For Real: Watch The Japenese Yen!

There’s been a lot of discussion recently of the breakout in gold prices. The yellow metal had been trading in a range for the last several months, seeing resistance just under $1,300/oz and support at $1,220/oz. While I do believe the breakout is encouraging and does align with seasonality for…

Market Update: Gold Hits New Highs For The Year

U.S. Equities are attempting to stabilize this morning after a big downdraft yesterday. Meanwhile, European equities are playing catchup. The metals are jumping this morning with big pops in Iron Ore, Gold, and Silver. Gold prices (NYSEARCA:GLD) should find some resistance here – cash resistance is around $1310. The near-term…

Stocks Head Lower: 3 Charts I’m Watching

We are seeing a continuation of yesterday’s reversal in equities. And after the first signs of a meaningful pullback from highs yesterday, a flight towards safety and safe havens looks to have begun. This is evident with the rallies in Gold (NYSEARCA:GLD) and Treasury Bonds. Also notable in the price…

Chart Spotlight: Gold / U.S. Dollar Ratio Near BIG Level

Gold bugs are beginning to stir, and for good reason. 2017 has seen domestic and geo-political tensions escalate along with a pullback in the U.S. Dollar. BUT, gold prices have yet to record a convincing breakout and still remain in a bear market. Below is a chart that gold bugs and gold…