LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 


 

Reports


Archives






By: Clive Maund - 26 February, 2020

The market crash called for on the site on the 15th, right before it started, is now going full bore, and in this update we are going to consider the short-term outlook, especially insofar as it impacts upon our Tech sector puts, and also the grim longer-term outlook.

A full-on “in your face” catalyst for the crash has arrived in the form of the Covid-19 or coronavirus, which has already brought the Chinese economy to a virtual standstill, thus disrupting global supply chains, and now threatens to wreak havoc elsewhere, not least in the United States itself. The “everything bubble” had reached incredible extremes and this virus crisis catalyst was just what was required to burst it, and now it’s started no amount of Central Bank money pumping or wild promises will stop it. Full Story

By: Steve St. Angelo, SRSrocco Report - 26 February, 2020

As we can see, gold has broken above the important $1,550-$1,560 level, which will likely be the new support level. Several months ago, I thought we could see gold retrace back down to the $1,360 support area, but it looks like the market had other plans. No complaint here whatsoever.

The gold price could correct lower, or move sideways, but as the global supply chain contagion continues to spread, I believe we are going to see the price move higher. So, the next important level for gold is $1,800. But, when gold finally goes above the all-time high of $1,900, it’s OFF TO THE RACES. Full Story

By: Gary Savage - 26 February, 2020

We don't have the signs of an ultimate bubble top. What kind of behavior would show this? A mini bubble?

Gold is anticipating inflation in the years ahead. Gold mining stocks $GDX technical update / baby bull high:

Video Update Full Story

By: Stewart Thomson, Graceland Updates - 25 February, 2020

GDXJ is called a junior gold stocks ETF, but it’s mainly comprised of intermediate producers, making it an ideal investment vehicle for a lot of gold bugs.

A weekly close over $53 would target the $90 price zone. Short-term traders can play it with JNUG, and investors can buy the ETF and/or some of its component stocks.

Like GDX, GDXJ is crushing the Dow. A breakout over $53 would probably create a scenario where a GDXJ elephant is stomping on a rancid US stock market tomato… but really, that’s already happening now! Full Story

By: Ira Epstein - 25 February, 2020

Gold market's 18-DMA is under $1,600. 5 days in a row OVER the Bollinger band. Tomorrow it is likely try to get under the band, under $1,650..

Video Update Full Story

By: Chintan Karnani, Insignia Consultants - 25 February, 2020

Silver has not risen at all. Just trade in the technical in silver. Corrections in gold are healthy. There are lots of US economic data next week. US various February jobs report will be there next week. Correction or profit booking in gold and silver will be there. Corrections will be healthy to ensure that the current rally in gold is a sustainable one. A continued one way rise will imply a boom-bust scenario for gold. Full Story

By: Gary Savage - 24 February, 2020

General market updates on today's big down-move. This video update includes: $ES, $AAPL, $COMP

Video update Full Story

By: David Chapman - 24 February, 2020

Is “irrational exuberance” back? Records keep falling. Maybe this time it is different. But Friday steadied the market with a downdraft as some economic numbers came in on the low side. And COVID-19 cases are jumping outside China catching many by surprise. Now in 33 countries. Our recession indicator spread (page 18) is sliding again and the 3m-10 spread has turned negative. Capital flight has been driving the market pushing the U.S. dollar up and money flowing into U.S. bonds and the U.S. stock market. But money flowing into gold as well despite the jump in the U.S. dollar. Then on Friday the U.S. dollar dropped sharply and gold soared. Gold fast approaching our targets and could hit $1,700 this week. Too fast of a move has our fingers on the “take profits” button.

Our Chart of the Week (page 6) looks at a rather interesting case of possible symmetry in the markets. We look at the NASDAQ of 1998-2000 and compare it with the NASDAQ of 2018-present.

Could a top be in the markets given the sharp sell-off on Friday? Still needs confirmation but negative divergences abound as we note in a few charts. In addition to being designed to allocate to cash in the event of a sustained market decline, the Canadian Dividend Strategy provides downside protection with income-paying investments such as Granite Real Estate Investment Trust yielding a dividend of 3.89%.*

Oh and dare we mention President Trump wants another round of tax cuts and other stimulus with stock markets at record highs and unemployment at 50 year lows. Fuel for the fire. Full Story

By: Frank Holmes, US Funds - 24 February, 2020

Citigroup continues to update its bullish forecast for gold, reports CNBC. The firm said in a note on Wednesday that it believes market jitters will prompt invests to flee to safe haven assets, which could push gold prices to $1,700 an ounce in the next six to 12 months and $2,000 in the next 12 to 24 months. Ed Morse, lead analyst of the report, says “gold should perform as a convex macro asset market hedge, resilient during ongoing risk market rallies but a better hedge during sell-offs and volatility spikes.” Full Story

By: Clive Maund - 24 February, 2020

So what now? – think it’s gone too far, too fast? Certainly not – the 10-year chart for GDX shows that it hasn’t even broken out of its giant base pattern yet, so this thing is just getting started. Once GDX breaks above the upper boundary of the pattern, which is at about $31, i.e. a shade above where it is now, gold and silver stocks are going to soar, so if you haven’t boarded the train, you’d better get your act together PDQ. Full Story

Resources


Gold Bugs Index - HUI

Gold & Silver Index - XAU

COT Reports

COT Gold, Silver and US Dollar Index Report - February 21, 2020

COT Gold, Silver and US Dollar Index Report - February 14, 2020

View All COT Reports

 

- Above are the latest 10 precious metals market reports. Older articles can be found in our archives. -



Gold Headlines | Gold News Wire | Gold Price Charts | Gold Stocks | SilverSeek - Front Page 

© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.