Showing 4790 Results for gold
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Showing 4790 Results for gold
Search instead for gold
April 25, 2013
Gold closed on June at 1467.5. We should see a rally continue into early next week to retest the main channel from which it broke at the 1503 area. The important system resistance starts at 1521.
April 25, 2013
The rise in gold coin demand at the Australian Perth Mint and the US Mint as well as in Canada demonstrates the underlying long-term bull market should remain intact. It is coin rather than bullion you should stick to when you are talking about physical purchases. Nevertheless, from a market perspective, the gold bounce is […]
April 22, 2013
The next important turning point will be the week of the 29th. Using the Globex rather than the CSI perpetual synthetic contracts, we did not elect the reversals on Friday. Basis the May in Silver, we need a daily closing above 23.98 to infer a temporary low and a rally will unfold first before a […]
April 19, 2013
We elected Weekly Bearish Reversals in both metals with gold closing at 1397.2 and 2304.1. Gold closed also just below the Weekly Break line 1398.6. This is warning that the FAILURE to exceed Friday’s 4/19 high intraday, and a penetration of 1310, we are looking at a drop to 1158. Breach that, and we very […]
April 18, 2013
There are gold promoters who made outrageously false advertisements on TV that are just astonishing. They primary theme is somehow gold rises because of monetization and the Fed. They tout the US national debt is $17 trillion and paper money will fall to dust. When you do simple correlations, you see that the claims are […]
April 18, 2013
The Weekly Breakline for this week is 1398.6 and this will provide CLOSING resistance at this point. The Major overhead resistance stands at the 3 Monthly Bearish Reversals 1520 area and support at 1310. So we are not going anywhere just yet other than the traditional bounce after a 17.2 day decline. The monthly resistance starts […]
April 17, 2013
The rally is still just a dead-cat-bounce. The gold promoters are never wrong. When it goes down, it is always by some evil force and it is NEVER real except the losses. When it goes up, see they are always right. This is people’s assets they do not respect. This is NOT analysis – it […]
April 17, 2013
As always, when it comes to gold, the conspiracy theories lead the way desperately trying to explain why the gold promoters were never wrong, so buy more now to prove they were always right. The stories range from massive short positions of 400 tons but fail to mention to sell that much there had to […]
April 16, 2013
The traditional gold promoters are out in force claiming manipulation. Then there is the authoritative good one: sell offs like this take place when gold stocks drop sharply. These are all excuses as to why they were WRONG and never once ever say sell. This is just salesmanship – not analysis that is ever rooted […]
April 16, 2013
Gold fell after NY close to 1321.5 in Asia holding the target at 1310. The Weekly Breakline for this week is 1398.6 and this will provide CLOSING resistance at this point. The Major overhead resistance stands at the 3 Monthly Bearish Reversals so we are not going anywhere just yet other than the traditional bounce after […]