Commodity Trade Mantra

All posts under ‘Gold Trading’

Blockchain to Replicate the Reliability of Gold via a Cryptocurrency called GOLD

GoldMint has created a new cryptocurrency called GOLD, which will run on a Blockchain like many different cryptocurrencies in existence. GOLD is backed by both physical gold as well as gold exchange traded funds (ETFs.) The potential for this is endless and the element of trust in gold can be increased manifold. It has the potential to free gold from its limitations.

Fireworks in the Gold Market could start pretty soon

On Friday, we saw the match lit for the gold market. Traders pushed the price of gold above the key $1,300 mark, adding the spark needed to set off the next big trend. I’m expecting the price of gold to start moving higher this week, and to continue to move higher throughout the year. Now that gold looks to be breaking out above $1,300 my short-term profit target is a quick move to $1,500.

With Fundamentals in Place, a Breakout & Compelling Technicals - Watch Gold Take-Off

We think the breakout in gold is here, the fundamentals are in place, and the technicals are compelling. The technical situation, in the dollar, flips off to the technical situation with the gold extremely well right here. If you get above $1,300 here, then you’ve got $1,377, and beyond that, this is a new gigantic structure type of bull market going on where gold will be going to new all-time highs.

Blockchain Revolution is Gunning for the $27 Billion Gold Market Trading

About $27 billion of gold changes hands every day in over-the-counter markets where settlements can sometimes take days, leaving price risk for buyers & sellers. Using blockchain promises more transparency, security & speedier deals. It also could attract new participants at a time when investors are souring on gold-backed ETFs, a key source of growth in physical demand over the past decade.

Fed Minutes on Inflation, Debt Limit, Balance Sheet & the Effect on Gold

If the Fed minutes indicate that more Fed policymakers see the weak inflation as long-lasting, it could reduce the chances of an anticipated hike, thus the USD would drop. On the other hand, the corrective move in the US Dollar would gather pace if the policymakers blame low inflation on transitory factors. The Fed minutes due today would shed light on the future movements in gold.

Gold Prices Poised for an Upside Explosion after Paper Gold Bear Raids Failed

Gold seems poised to resume its march to $1,300 after the paper gold bear raids of late June. Fundamentals are stronger than ever for gold prices. A weak dollar is the Fed’s only chance for more inflation. And that means a higher dollar price for gold. Geopolitical risks are piling up from North Korea, to Syria, to the South China Sea. Get ready for an explosion to the upside in gold prices.

What are You going to put Greater Faith in Now - Stocks or Gold?

The world currently seems to believe more in companies and all the enterprise that comes with them than it does in gold. Have we reached a turning point here, with the S&P 500 at two times the price of an ounce of gold? That’s a question we all need to think about. What are you going to put greater faith in from current levels given the current state of the world – stocks or gold?

The Shine of Silver Or the Glitter of Gold - Brightest of the two in Years Ahead

Gold is the preeminent monetary metal & throughout history, has projected the most enduring images of wealth. Silver is in its shadows, but as an asset, it contains similar wealth-protecting qualities, perhaps with even greater return potential. Here’s why, silver, a quasi-industrial metal with a rich monetary history, may be about to step out of gold’s shadow & shine brightest in the years ahead.

Gold Prices have Beaten the Stock Market so far this Century

The price of gold has outperformed the S&P 500 Index so far this century, returning 86 percent more than the market if we index both asset classes at 100 on December 31, 1999. Over the past 17 years, the S&P 500 has undergone two major contractions, both of them resulting in a loss of around 40 percent. Gold, meanwhile, has held its value well, boosting its appeal as a portfolio diversifier.

Fundamental Change - Gold Scrap Slump will Tighten the Gold Market Supply

Normally, when the gold price increases, individuals take advantage by selling old jewelry or scrap into the market. This trend changed in 2017 as global gold scrap supply declined 20% to 563 mt, even as the gold price increased. This suggests that the market is now holding onto its gold rather than sell it into the market… even at higher prices. This is a very POSITIVE indicator for future gold prices.

Gold and Silver Demand would go Ballistic if People understand the need to Buy it Now

It’s taken a lot longer for us to reach “the promised land” of sustainably higher gold and silver prices than most anticipated. Gold and silver demand would go nuts if only the people could finally understand why they need to buy it right now. I think the dam of realization is coming very close to breaking & that there could be an outright flood of new, popular awareness & action.

Momentum in Gold Stocks Building for an Exceptionally Strong Season

Gold stocks exhibit strong seasonality as their price action mirrors that of their primary driver, gold. And since gold stocks have so seriously lagged gold in 2017, their upside potential in this year’s autumn rally is exceptional. That’s already begun in July, proving sentiment is starting to shift away from excessive bearishness. Momentum is building for a far-better-than-average strong season.

Why Cryptocurrencies Can Never Replace Physical Gold

Gold is rare enough to be a true store of value. There’s no danger of it becoming ubiquitous, even if a dozen super-high-grade deposits were discovered tomorrow. If ever the lights go out, due to an electromagnetic pulse, either as an act of war or through a strong solar flare, Bitcoin will vanish instantly. Physical gold, on the other hand, will still be there and ready to use as needed.

Potential Catalysts Forming a Great Scenario for Gold Prices

The continuous printing of money, a weak dollar and negative real interest rates – all make a great scenario for gold prices. Another potential catalyst for higher gold prices may be the theater surrounding the hiking of the debt ceiling in Washington. We’re also in the seasonal pattern for gold prices where it’s usually from here up to the Chinese New Year, a succession of higher highs.

Gold Prices to soon test Overhead Resistance for a Massive Breakout Beyond

Gold’s current trading range remains between $1,150 and $1,350. In the next 6-12 months, gold prices will be testing that overhead resistance around $1,350 area. If the resistance breaks, then gold prices could see a quick move up. That might well be enough to attract speculative money back into gold that has been absent since 2011-12.

Powerful Upleg in Gold and Silver Believed Imminent

The significant increase in Large Spec long positions this past week in gold and silver from a very low level might be cause of concern to some, since it of course increases the risk of a reaction in these metals. Also in the face of a continued albeit incremental rise in the prices of gold and silver, the Large Specs have suddenly realized their mistake & are scrambling to get back on board.

Dollar nowhere near Bottoming out, Gold nowhere near Topping out

Despite two rate hikes & impending balance sheet reduction, the 10-year yield has moved 15% lower since early March while USD has been weakening, both contrary to many forecasts. While USD has been falling, Gold has rallied over $200 since December 2015 to its current mark at 1,276.70. Now there are many potential catalysts to move make the 20%+ seen in Gold look small.

Gold Demand in India is Bound to Rise - Here Is Why

One of the major drivers for demand is the growing middle class & the popularity of gold jewelry during wedding seasons. Acceptability of gold in banking and financial transactions is also on the rise. Also, 60% of gold jewelry demand comes from weddings. We have 10 million weddings every year on average. And more than 60% of India’s people are below the age of 25.

When Gold And Silver Prices begin to Reflect Reality, Prices will no longer be in Control

Debt around the world is in the trillions & has never been higher in history. Financial Armageddon is waiting in the wings. At some point, it will be unable to be controlled & financial disaster will prevail around the world. At that point, the price of gold will no longer be in control, and it will become subservient to the value of both gold and silver. But, when will prices begin to reflect reality?

Are You a Real Contrarian Investor or Just a Fashion Contrarian?

Contrarian investing is based on taking a position that is opposite to that of the masses. Very few of today’s contrarians are true contrarians; Most fall into the category of fashion contrarians. Investing based on psychology amounts to not only taking a position against the masses but also against the fashion contrarians. Once sentiment has reached boiling point, one should go into cash.

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