Today's FINVIZ 5 Minute Charts - (for other charts go to the bottom of this page)
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Showing posts with label gold price. Show all posts
Showing posts with label gold price. Show all posts
As FED Reserve Note climbs - Gold takes inverse move.
Market analysts still believe gold will be trading above 2000 in 2012.
Gold weakens on dollar rally after Fed decision
Gold investment shift leaves market vulnerable
A Gold Rush Wanes as Hedge Funds Sell
Gold weakens on dollar rally after Fed decision
Gold investment shift leaves market vulnerable
A Gold Rush Wanes as Hedge Funds Sell
P.M. Kitco Metals Roundup: Comex Gold Ends Sharply Lower
(Kitco News) - Comex December gold futures prices ended the U.S. day session sharply lower and near the daily low. Early safe-haven buying gave way to heavy selling pressure that was due to strong gains in the U.S. dollar index, sharp losses in crude oil and other commodity markets, profit-taking pressure and weak-handed long liquidation. Even though this week is starting out as a "risk off" trader and investor mentality in the market place, safe-haven gold could not benefit from it Monday. December gold last traded down $35.00 an ounce at $1,779.70 an ounce. Spot gold last traded down $35.60 an ounce at $1,777.50. December Comex silver last traded down $1.561 at $39.265 an ounce.
The U.S. dollar index traded sharply higher .... FULL STORY ON KITCO HERE
The U.S. dollar index traded sharply higher .... FULL STORY ON KITCO HERE
Gold heads for biggest weekly drop since May
TIME TO BACK UP THE TRUCK AND LOAD UP?
SINGAPORE, Sept 16 (Reuters) - Gold extended losses on Friday, heading for its biggest weekly drop since May, after stock markets gained and the euro rose as the world's major central banks moved to ease funding for European banks in a coordinated effort to solve Europe's debt crisis.
[...]
Full post on Reuters HERE
Charts from Aden Sisters post on Kitco here
Pheonix Capital on Forecasted Gold Pullback.
Commodities Tuesday: the One Chart Gold Bulls Should LOVE… But Don’t
Here it is:
http://www.gainspainscapital.com/
Here it is:
http://www.gainspainscapital.com/
Gold gains as euro zone debt concerns resurface -WSJ MW
SAN FRANCISCO (MarketWatch) — Gold futures advanced on Wednesday, making up for some of their weak showing on the previous session on resurfacing concern about the euro zone and continued geopolitical concern about the Middle East and Africa. FULL STORY
Cramer pitches Gold Stocks, should we sell now? No, just BTFD.
CNBC Cramer is pitching Gold again, expect an immediate pull back to around 1420, then BTFD. ;)
Hit or miss stock pumper Jim Cramer pumps gold and gold stocks (including mainstream GoldCorp: GG and the SPDR Gold Trust ETF: GLD mostly paper fund) and then walks his typically mindless fans through a half decent couple of charts, supporting a premise for 1550 gold spot.
The last few moments of the clip shows Jim steering one of his call-in "booo-ya" zipperhead groupies away from SLW (Silver Wheaton) and off to Gold Corp (is he selling his book again?). Cramer pitched Gold Corp saying that they do both Silver and Gold "two, two, two miners in one, and that's where I want you to be in". Snort! Nothing against GG, however clueless Cramer does not know SLW from the iShares ETF: SLV (paper silver).
Silver Wheaton is NOT an exploration or silver/gold mining company, but instead is a unique "streaming company" that has options with numerous producing mines to take dory and high quality ore to refine it into deliverable metal. Therefore SLW does not have the capital requirements, operating costs, or risks associated with a typical mining operation and as long as they get their feedstock and the price of silver remains above 20's they are doing quite well. Oh, and Jim ("two that's right, two, two miners in one"), SLW's current streaming forecast includes plans for 28,000 ounces of gold along with 23 million silver ounces. Booo-ya.
As he always says: "Listen to Cramer" -- then just belly laugh.
Joke: How can you tell if it's Jim Cramer on the side of road with a flat tire? Ans: He would be the one swapping the tires to see which one is flat.
VIDEO: Airtime Tues. Mar. 1 2011 - 6:15 PM ET http://www.cnbc.com/id/15840232?video=1825208335&play=1
VIDEO: Airtime Tues. Mar. 1 2011 - 6:15 PM ET http://www.cnbc.com/id/15840232?video=1825208335&play=1
Stock Charts from FINVIZ.com -- Advanced real-time financial visualizations for market watchers and the professional trader.
I do not currently hold shares of ANY of the above listed stocks, however if you are a stock investor, I highly recommend you consider doing some due diligence on SLW: http://www.silverwheaton.com/ If you have not read it already, SLW also posted the Silver Institute 2010 Silver Survey up on their site for free: http://www.silverinstitute.org/images/stories/silver/PDF/wss10sum.pdf
Yamana's Marrone Says Gold May Rise Above $2000
Feb. 24 (Bloomberg) -- Peter Marrone, chief executive officer at Yamana Gold Inc., talks about the outlook for gold prices. Marrone talks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart." (Source: Bloomberg
Interview video: http://www.youtube.com/watch?v=JOW3sNMyXpE
Interview video: http://www.youtube.com/watch?v=JOW3sNMyXpE
FMX Metals: TrendVol Alert: Gold to Reach $1550 within 8 weeks
Simply stated, if this week closes above 1416, there is a high likelihood of a 75 to 175 move higher in gold over the next 2 months. Although if the indicator hits, we'd expect the move to happen in a more compressed time. The signal does not usually waste time letting you know if it is right or wrong.
FULL STORY AND CHARTS:
http://www.fmxconnect.com/fmxmetalsconnect/post/2011/02/24/TrendVol-Alert-Gold-to-Reach-1550-within-8-weeks.aspx
Analysts Say Gold Gains Technical-Chart Momentum (KITCO)
http://www.kitco.com/reports/KitcoNewsMarketNuggets20110218.html
18 February 2011, 7:43 a.m.
By Kitco News
http://www.kitco.com/
(Kitco News) -- Gold has generated upward technical-chart momentum, analysts say. “Yesterday’s trade in gold saw confirmation of Wednesday’s marginal breakout above the 50-day (moving average), while (Comex March) silver broke out above the Jan 3rd high at $31.275,” says MF Global. “Markets typically follow through with such breakouts before falling back to retest them within 1-2 weeks.” Barclays looks for $1,400 gold in the not-too-distant future. “Above the latter would confirm our bullish view for gold and signal extension through the $1,432 all-time high,” Barclays says. “Our targets are in the $1,460/$1,485 area.” Barclays technicians look for spot silver to continue outperforming gold and are encouraged by the break above the $31.26 high, putting their next targets at $33 and $37. “The gold/silver mint ratio is on course to reach our initial target in the 41 area,” Barclays says.
By Allen Sykora of Kitco News; asykora@kitco.com
18 February 2011, 7:43 a.m.
By Kitco News
http://www.kitco.com/
(Kitco News) -- Gold has generated upward technical-chart momentum, analysts say. “Yesterday’s trade in gold saw confirmation of Wednesday’s marginal breakout above the 50-day (moving average), while (Comex March) silver broke out above the Jan 3rd high at $31.275,” says MF Global. “Markets typically follow through with such breakouts before falling back to retest them within 1-2 weeks.” Barclays looks for $1,400 gold in the not-too-distant future. “Above the latter would confirm our bullish view for gold and signal extension through the $1,432 all-time high,” Barclays says. “Our targets are in the $1,460/$1,485 area.” Barclays technicians look for spot silver to continue outperforming gold and are encouraged by the break above the $31.26 high, putting their next targets at $33 and $37. “The gold/silver mint ratio is on course to reach our initial target in the 41 area,” Barclays says.
By Allen Sykora of Kitco News; asykora@kitco.com
Guru Forecast or Book Talk? - Eric Sprott says Gold is about to move.
There has been a number of posts regarding Eric Sprott's recent golden Au forecasts. Sprott hasn't abandoned silver, but he say now that he believes the gold price is about to move in big ways:
Article and Related:
Gold Tsunami – By Eric Sprott (Guru Focus) http://www.gurufocus.com/news.php?id=122348
Disclaimer: I hold shares in both PHYS and PSLV.
Article and Related:
Gold Tsunami – By Eric Sprott (Guru Focus) http://www.gurufocus.com/news.php?id=122348
Eric Sprott On The Gold/Silver Ratio Reverting To The Historical Mean And Junk Silver (World of WallStreet) http://www.worldofwallstreet.us/2011/02/eric-sprott-on-the-goldsilver-ratio-reverting-to-the-historical-mean-and-junk-silver.html
Disclaimer: I hold shares in both PHYS and PSLV.
A Gold Bull and His Prediction: $10,000 an Ounce - WSJ
http://online.wsj.com/article/SB10001424052702304879604575582602233501196.html
'The World Does Not Need to End'
A Gold Bull and His Prediction: $10,000 an Ounce
FULL STORY ON WSJ
'The World Does Not Need to End'
A Gold Bull and His Prediction: $10,000 an Ounce
There are gold bulls. And then there is Shayne McGuire.
The 44-year-old pension-fund manager from Texas, who spoke recently at a gold conference in Berlin, caused a stir among the roomful of gold aficionados. His provocation: A book that predicts the price of the precious metal could soar to $10,000 an ounce, more than seven times its current price.
FULL STORY ON WSJ
Precious Metals and the Dollar’s Next Big Move
Chris Vermeulen
Precious Metals and the Dollar’s Next Big Move Part II
We have seen some exciting moves in the market and with the market sentiment so bullish it should make for a sharp selloff in the coming weeks. Meaning everyone is overly bullish and owns a lot of stocks and commodities; therefore the market should top and leave them holding the bag while the smart money runs for the door. The market will not bottom until all of these individuals holding the bag finally cannot take the pain of losing any more money and once we see them panic and sell them all at once only then will we be looking to go long again.
The past couple weeks I have been bombarded with emails asking if gold and silver have bottomed and if they should be buying more on these pullbacks. Those of you reading my work for the past few months know that my analysis clearly has shown how both gold and silver have been topping out. There have been strong distribution selling and price patterns on the charts are also clearly signaling a top was near.
A couple weeks ago I posted an important report covering gold, silver and the US Dollar and where the next big moves will be. Well it’s time for another update on Gold, Silver and the Dollar as they have come a long way from my last report.
Take a quick 15 second look at Part One charts:http://www.thegoldandoilguy.com/articles/precious-metals-and-the-dollar%E2%80%99s-next-big-move/
Ok let’s move on to today’s charts…
Silver Daily Chart
Silver has formed a very nice looking top and it is now trading under its key moving averages. It is also currently testing a key resistance level after Friday’s bounce on the back of fears in Egypt. Unless something happens internationally I figure silver sill continue its trend down.
Gold Daily Chart
Gold futures are doing the same as its little sister (silver). I feel the general public is still very bullish on metals and before we see higher prices (new highs) the market will have to shake the majority out of their positions first. At this time gold looks like it should test the $1285 level. Depending on how long it takes to get there and the price action it forms in the following days that outlook could change but expect sellers to step in at the $1350-1355 area.
US Dollar 2 Hour Chart
The dollar has been grinding lower the past two weeks forming a falling wedge reversal pattern. It’s also important to note that on the daily chart the dollar tested a key support level last week. This should be an interesting week for the dollar and the rest of the market simple simply because when the dollar makes sharp movements it pushes the price of stocks and commodities around in a big way.
I am looking for a multi week rally in the dollar possibly longer but with small pauses or corrections along the way.
Pre-Week Metals and Dollar Trend Analysis:
In short, I feel gold and silver are nearing a short term resistance level and will find selling pressure in the coming days only to continue on their journey down for a few weeks. The dollar on the other hand broke out of its falling wedge on Friday and could have a strong rally for 2-3 days. I feel most traders and investors have been shorting the dollar for two weeks straight, so once they realize it’s going higher there will be a ton of short covering and the dollar should rip higher.
This shift in the Dollar from down to up has a direct effect on the SP500 and subscribers of my newsletter are going to take full advantage of these next big moves in the market.
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Understanding Gold Selloff
Understanding Gold Selloff
NEW YORK (TheStreet) -- Will Rhind, head of U.S. operations for ETF Securities, reveals what is really behind gold's recent selloff.
NEW YORK (TheStreet) -- Will Rhind, head of U.S. operations for ETF Securities, reveals what is really behind gold's recent selloff.
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