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Everything posted by ixic

  1. “Golden Cross” May Indicate This Is Perfect Time To Buy Gold The UK’s Daily Express newspaper recently explained why a technical analysis of gold prices may be signal to buy gold now. “The key technical level occurs when the 50-day moving average surpasses the 200-day moving average - literally crossing each other on charts. The 'cross' has in the past been taken as a cue to buy among some traders and momentum-driven investors. “Gold tends to be a 'safe haven' where investors stash their money in times of financial turmoil. In the years following the financial crisis, prices
  2. Gold Sees Some Profit Taking As Risk Appetite Upticks Tuesday March 01, 2016 14:16 (Kitco News) - Gold saw some profit-taking pressure set in Tuesday, following recent gains. An improved risk appetite on this day also worked against the safe-haven metal. Still, some profit taking and chart consolidation is not unhealthy for a market like gold, which is in a firm near-term price uptrend. April Comex gold was last down $3.10 at $1,231.10 an ounce. There was a heavy slate of U.S. economic data due for release Tuesday, including the U.S. manufacturing PMI, construction spending, the ISM manu
  3. Gold and Silver Prices Gold prices were lower on Friday due to profit taking despite a recent report that the U.S. economy grew at a lower rate than projected. Nonetheless, gold remains on track for its best monthly gain since 2008. “Gold is heading for the best monthly gain in four years as concerns over global economic growth spur demand for haven assets. Those same worries explain why silver and other precious metals aren’t faring as well… Gold has been the beneficiary as financial-market turmoil, declining crude oil prices and signs of a weakening Chinese economy vex investors, boo
  4. Gold Extends Early Gains As U.S. Stock Indexes Sharply Lower Wednesday February 24, 2016 10:21 (Kitco News) - Gold prices are trading sharply higher in late-morning dealings Wednesday, boosted on more intense safe-haven demand as U.S. equities are selling off sharply. Risk aversion has markedly increased at mid-week. April gold futures are moving in on the February high of $1,263.90, and if that price level is taken out on the upside, buy stop orders would be triggered to send prices still higher. Gold prices have also Wednesday seen a bullish upside technical "breakout" from a symmetric
  5. If gold went to $64,000/oz, there would be a few of us on DV who wouldn't need to wait on the dinar any more.
  6. Gold's Correction Is 'Healthy' After 'Spectacular Run,' Says HolmesBy Daniela Cambone of Kitco News Monday February 22, 2016 15:37 (Kitco News) - It was a one-way market Monday as gold prices ended the U.S. day session about where they started -- solidly lower. However, one chief executive officer is not worried about the close to 2% dip. ‘We have had a spectacular run and it is healthy to have a correction,’ said Frank Holmes, CEO of U.S. Global Investors, a Texas-based investment management firm. Profit-taking pressure from recent gains, a higher U.S. dollar index and a generall
  7. Gold Rallies On More Bargain Hunting, Technical Buying, And As U.S. Stocks Sell Off Thursday February 18, 2016 13:33 (Kitco News) - Gold prices ended the U.S. day session with solid gains Thursday. Some early profit-taking was overcome by bargain hunters buying the dip and by fresh chart-based buying interest—both of which coincided with the U.S. stock indexes coming under selling pressure. April Comex gold was last up $14.10 at $1,225.60 an ounce. Most world stock markets were higher Thursday, following the lead of higher crude oil prices that climbed close to $32.00 a barrel. However,
  8. Gold Rally Is “Real Deal” – Holmes U.S. Global Investors CEO Frank Holmes penned a commentary setting forth the reasons why gold’s bull market has returned. “[A] after posting three straight years of losses, [gold] looks ready to shake off this trend. Not only is the metal trading at seven-month highs, it’s also on course for its longest winning streak since the glory days of 2011. What’s more, it’s broken clean through its 200-day moving average, a key indicator of growth… “In a recent report, HSBC suggests that we could be in the early stages of a new gold bull market, one that will
  9. Gold Hits $1,200 Monday And Analysts See Potential For Higher PricesBy Neils Christensen of Kitco News Monday February 08, 2016 16:14 (Kitco News) - Momentum in the gold market has reached almost parabolic proportion Monday, as a major target at $1,200 was reached in intra-day trading. Defying all expectations, Comex April gold futures have started the week on a strong note, surging more than 3.5% to hit an intra-day high of $1,201.40 an ounce. Prices have managed to hold on to most of the gains, with April gold settling the session at $1,197.90 an ounce. The question is just how hig
  10. Federal Reserve Considering Negative Interest Rates To Bolster Economy – CNBC In a dramatic reversal, the Federal Reserve may move towards negative interest rates to help combat an ever-weakening U.S. economy. “Less than two months after the Fed enacted its first rate hike in more than nine years, market talk already has turned to whether the central bank's future may not be more hikes, but rather negative rates. Intensifying recession fears, volatile financial markets and moves toward negative rates by other central banks have triggered speculation over whether the Fed may have to reverse
  11. Just before the U.S. stock markets closed today, Gold hit $1,175 an ounce, it's highest point since late October 2015. With the U.S. dollar taking a hit against other currencies, and the jobs numbers not being too stellar at second glance, Gold dropped to $1,144/oz this morning then rallied all the way to the $1,170's. Imho, still room to go higher this month, but be cautious with the Fed speaking next week. Looks like the "bottom" for Gold was that $1,050 area back in December. You were smart if you were buying at those prices. Glad I and few other members here on DV
  12. Gold Hits 3.5-Mo. High As Big Downdraft In U.S. Dollar Aids Precious Metals Bulls Thursday February 04, 2016 13:33 (Kitco News) - Gold prices ended the U.S. day session solidly higher and hit a 3.5-month high Thursday. Add the slumping U.S. dollar index to the list of bullish elements helping to drive gold and silver prices higher recently. Silver prices also scored a 3.5-month high Thursday. Safe-haven and technical buying continue to support the yellow metal amid volatile world stock markets that presently still have a downside bias. April Comex gold was last up $15.30 at $1,156.60 an ounc
  13. Precious Metals Recap: Gold & Silver To Shine – Capital Economics Tuesday February 02, 2016 13:42 (Kitco News) - Despite oil’s downward pressure on commodity prices since the start of the year, with Bloomberg’s Commodity index falling to levels last seen in 1991, analysts from one U.K.-based research firm note that gold has managed to shine; and, say precious metals should continue to benefit from market uncertainty. “Gold prices rose by more than any other commodity on the back of safe-haven demand generated by the turmoil in global financial markets [in January],” said analysts fro
  14. Gold Up, Hits 3-Month High, As Bulls Continue To Gain Momentum Monday February 01, 2016 13:27 (Kitco News) - Gold prices ended the U.S. day session higher and poked to a three-month high Monday. Continued safe-haven demand and technical buying interest are featured in the yellow metal so far this year. Some of the money flowing out of world stock markets early this year is moving into the safe-haven gold market. April Comex gold was last up $11.10 at $1,127.50 an ounce. March Comex silver was last up $0.072 at $14.315 an ounce. There was more downbeat economic data coming out of China Mo
  15. Gold Traders Take Notice as The Fed Sits Up Lazily And Speaks Wednesday January 27, 2016 18:07 One would think that for equities a temporary hold on Federal Reserve rate hikes would have produced at least a neutral if not positive resonance. Rather, equities markets chose to interpret the FOMC’s maintaining of the status quo as a statement that sketches the world economy as weakening, if not sliding toward recession. On that note, it is China that is generating those fears. Notably, the Fed said it is "closely monitoring global economic and financial developments and is ass
  16. I've got a safe-full and am adding to it weekly.
  17. Gold Traders To Monitor Equities, Crude Oil, U.S. Data For Clues On Price DirectionBy Allen Sykora of Kitco News Friday January 15, 2016 13:51 (Kitco News) - All eyes in the gold market will be on global equities and crude oil next week as traders watch to see if these markets continue to collapse, thereby lending a safe-haven bid to gold. Additionally, traders will keep monitoring U.S. economic data for clues on how much the Federal Open Market Committee will hike interest rates, as well as watching for any further geopolitical flare-ups. As of 1:43 p.m. EST, Comex February gold was at $1
  18. Gold Ends Firmer On Bargain Hunting, Short Covering Wednesday January 13, 2016 13:40 (Kitco News) - Gold prices at mid-morning moved up from moderate overnight losses to trade modestly higher, where they ended the U.S. day session. Some short covering and perceived bargain hunting were featured following the selling pressure seen earlier this week. The U.S. dollar index backed down from its daily high and crude oil prices were firmer today, which also encouraged some buying interest in the gold and silver markets. The gold bulls needed to step up and show some strength, in order to keep th
  19. Gold Ends Slightly Lower On Mild Profit Taking From Recent Gains Monday January 11, 2016 13:35 (Kitco News) - Gold prices ended the U.S. day session slightly down Monday, on a profit-taking and corrective technical pullback from recent gains that saw prices hit a two-month high late last week. The mild downside correction was not unexpected given the good advance in gold prices, which have rallied by about 4% so far in 2016. February Comex gold was last down $1.90 at $1,096.0 an ounce. Technically, gold bears still have the overall near-term technical advantage, but the bulls have gain
  20. Iraq might be taking a page out of other countries' playbook: Today: "we are not changing the exchange rate of our currency's value" Tomorrow: "our currency's exchange rate is now 1 dinar equals 10 cents to the dollar" It could happen...i'm hoping.
  21. Gold To Keep "Hugging" $1,100 Level; China & USD To Drive Pricesby Neils Christensen Friday January 08, 2016 14:22 (Kitco News) - Investors should continue to monitor the economic uncertainty in China and outside markets to determine if gold’s momentum will continue for another week, according to some analysts. The gold market is ending the first week of the new year on a strong note as February Comex gold futures ended Friday’s session at 1097.90 an ounce, up more than 3% on the week. This is the yellow metal’s best weekly performance since mid-August. While gold saw an impressive ral
  22. Gold Hits 2-Mo. High, Above $1,100, On Safe-Haven And Chart-Based Buying Thursday January 07, 2016 08:24 (Kitco News) - Gold prices are higher and hit a two-month high Thursday, on more safe-haven demand amid geopolitical tensions and plunging world stock markets. Importantly, the near-term technical posture for gold has improved markedly this week, which is prompting short covering in the futures market and fresh chart-based buying. February Comex gold was last up $11.40 at $1,103.20 an ounce. March Comex silver was last up $0.119 at $14.095 an ounce. World stock markets are under solid
  23. Gold Bounces on Safe-Haven Demand, Short Covering Monday January 04, 2016 14:00 (Kitco News) - Safe-haven buying amid keener uncertainty in world markets on Monday boosted gold prices. Unrest in the Middle East and weak Chinese economic data worked to lift gold to a three-week high, while putting downside pressure on stock markets worldwide. Gold and silver futures markets also saw some short-covering buying support. February Comex gold was last up $14.60 at $1,074.80 an ounce. March Comex silver was last up $0.067 at $13.87 an ounce. The precious metals did back down from their daily highs
  24. Turn-Around Year For Gold As Fundamentals, Low Interest Rates Support Market – GLD Marketing Agent By Neils Christensen of Kitco News Thursday December 31, 2015 11:02 (Kitco News) - The gold market is preparing to end the year close to its lowest point in six years; however, one market analyst is confident that prices should recover enough in 2016 to retest the top of its long-term range. George Milling-Stanley, head of gold investments at State Street Global Advisors, said in an interview with Kitco News that there are reason he is optimistic for the precious metal in 2016. State Str
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