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Gold prices continue to fall

After a short-lived breather, gold continues to sell off. So does crude oil, platinum, the euro. by J. Christoph Amberger Baltimore — (TFN): If goldbugs breathed a sigh of relief at gold’s close at $805 on Monday, they were premature. As the dollar rose despite news of increased wholesale inflation, gold, oil, and the euro continued [...]

The Speculative Downside of Gold

We may shortly be at the beginning of Jimmy Carter’s second presidency. After “windfall taxes” have made a populist return, will we see 14% inflation and record gold prices again? Click here to view… Read more

Gold prices close below $800 — and a bad deal on the Krügerrand 2008

Gold prices closed the week at $792 — just in time to make the recent Krügerrand 2008 promotion a really bad deal! by J. Christoph Amberger Baltimore — (TFN): Gold futures crashed and burned on Friday, closing below $800 an ounce for the first time in 2008. Gold for December delivery closed at $792.10 an ounce, [...]

A new high for gold prices?

"In typical fashion, gold and silver have not been playing to the script. A war breaks out between Russia and Georgia. You’d expect gold to rise. But the opposite happens: we get one of the most violent sell-offs in recent memory." — Dominic Frisby Blogger’s note: Gold prices have fallen through the floor this week. And [...]

Gold bubble continues to deflate

The gold bubble is continuing to deflate, right alongside the oil and euro bubble. Just how far? Jon Nadler provides perspective. by Jon Nadler, Kitco.com Baltimore — (TFN): Showing no signs that it has found a near-term bottom, gold continued to lose ground in overnight trading and erased its year-to-date gains, plunging to $801.90 per ounce and [...]

Demand destruction for gold?

Is demand destruction applicable to gold and silver? The big question now is how far both will fall. Gold was trading at around $660 an ounce a year ago and silver was at $11 an ounce. If they retrace and revert to the mean we could see these prices again relatively soon. by J. Christoph Amberger Baltimore [...]

Gold price plunge: Indian gold buyers on the sidelines, waiting for better prices

Plunging gold prices have the famed “Indian gld buyers” waiting on the sidelines, waiting for further drops. by J. Christoph Amberger Baltimore — (TFN):The currency exchange rate of the euro agains the dollar plunged below $1.50 in Asian trading this morning. Experts are now predicting a rate of $1.46 this week. If this comes to pass, gold [...]

Crude oil and gold prices plummet: This is the time to get cautious about Dollar Bears and Hard Money bulls

Crude oil prices have dropped below $115. Gold is down $130 in less than two weeks. For dollar bears and goldbugs, this is th time to exercise caution! by J. Christoph Amberger Baltimore — (TFN): “Bad news from the Baku-Tbilisi-Ceyhan pipeline - an installation that may not normally draw much of your attention,” writes Martin Vander Weyer [...]

Gold Price Plunges: You might as well hold stocks

Gold is behaving just like the speculative commodity it is. Just like oil — whose realistic and immediate upside is $150, $200, $500, depending on who you ask and which plummeted $30 in the last two weeks — gold is hitting the skids right now: Today, gold for December delivery fell to $895.50, down $12.40. by [...]

Outlook for gold: A TFN Smart Trading Video

Even with declining oil prices, gold prices seem to be holding steady. But will it last? Juan Munoz gives Smart Trading viewers his take. Watch the video now. Read more

Gold’s Next Rally Is Coming Soon

"Sometimes, however, there is a delayed reaction in gold, which happens more often than efficient market theorists would like to admit. Gold’s fundamentals are still bullish." — Ed Bugos by Ed Bugos Baltimore and Vancouver, British Columbia — (TFN):  Last week we saw a bounce in the stock market that threatened to send gold prices [...]

Gold Prices Peak, and Junior Mining Profits

“The juniors are set up to throw quite a party. Think back to your most memorable high school ‘extra curricular activity’ and let’s get ready for a replay. Toss in financial rewards as a bonus.” — Russell McDougal Blogger’s note: Gold prices have stabilized in the last couple of months. But just like [...]

Gold Prices Set to Rally Again

“While corn, soybeans, oil and other commodities were making either fresh contracts or all-time highs on a daily basis, precious metals simply consolidated.” — Nick Jones, Whiskey & Gunpowder by Nick Jones Baltimore and Minneapolis — (TFN): Precious metals have taken the back seat in the recent rally in commodities. While corn, soybeans, oil and other [...]

Are Gold Prices Seasonal?

“I have recently noticed a seasonal pattern that has me excited. Over the last six summers, there has been a trading opportunity that has presented itself over and over again.” — Rick Pendergraft by Rick Pendergraft Baltimore – (TFN): I have always been a little skeptical of seasonal trading patterns in anything [...]

Gold futures continue to slide to five-week low

Baltimore — (TFN): Gold futures continued to slide in morning trading, reaching their lowest level in five weeks as crude oil traded just slightly above $122. Gold for August delivery was down $5.80 at $878 per ounce on the New York Mercantile Exchange. It traded as low as $868 earlier in the day, the weakest intraday [...]

Gold futures down more than $1, marking second day of declines

Baltimore — (TFN): Gold futures dropped more than $1 an ounce Wednesday, marking a second day of declines. Gold for July delivery fell $1.70 to close at $879.90 per ounce on the New York Mercantile Exchange. In intraday trading, gold traded as low as $876 an ounce. Shares of gold-mining companies closed lower. Gold bugs blame a [...]

Gold Prices: Hedging your bets

“That key marker of investor anxiety, the gold price, fell 15 percent from its top of mid-March to the end of April. The preceding surge had taken gold bullion up from $650 per ounce in August to above $1,030 the day after Bear Stearns was sold to J.P. Morgan.” [...]

Gold Prices: Why the drop?

“Take, for example, the recent news stories regarding the Gold market. According to the in-crowd, three main coordinates will always point gold prices due NORTH.” — Nico Isaac Blogger’s note: Despite the dollar being down and other resources being up, gold has fallen in the last month. So what’s going on with the yellow [...]

Technical Analysis: “Gold’s uptrend ended on March 17!”

Blogger’s Note: There’s a surefire way to tell the approaching end of a bubble: The sellers of bubble commodities… Internet shooting stars and brokers, real estate brokers and developers, and, most recently, gold coin salesmen… splurge on television and newspaper advertising. Of course, there are more scientific methods: Elliott Wave analysis called for a steep [...]

Dollar Reversal: Is the commodities bubble ready to deflate?

by J. Christoph Amberger Baltimore — (TFN): Declining from an all-time low of almost $1.60 per euro in April, the dollar has risen on better-than-expected economic data. After unexpected (if only nominally) positive GDP growth in the first quarter, unexpected (if only nominally) positive job growth in April, the Commerce Department announced on May 1 that [...]

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