Commodity Trade Mantra

Posts Tagged ‘Gold BUGS Index’

The Carnage in the Gold Sector Could Be Over

The rally in gold and silver has corrected hard which is not all that unusual for any bull market. The price of gold is approximately $200/oz lower than its June peak of $1375/oz. RSI is down to 20.63 which is the lowest it has been for some time. A reading below the ‘30’ level is considered to be oversold, so we can see that gold is extremely oversold and a bounce from here is not impossible.

Investors Return Big Time to Gold Miners Stocks - A Long-Abandoned Sector

Given the extraordinary market events of the first quarter of 2016, it’s an exceedingly important one to understand what’s going on with the gold miners fundamentally. Strong Q1’16 results prove their big gains are fundamentally justified. Investors wanting to multiply their wealth as this young new bull matures should take advantage of any weakness in this volatile sector to deploy capital.

Gold Will Soar by at Least 81% - Ross Beaty

Legendary resource investor Ross Beaty likes gold at today’s prices, down 42% from its all-time high. He says. “I like gold partly because I’m a contrarian & nobody else likes it now, always a great bottom indicator. Also because it’s a kind of refuge in the storm that’s blowing around the world financial markets today with unprecedented moves in currencies, energy prices, etc.”

Why a Strong Dollar is the Mortal Enemy of Gold and Oil

The strong dollar pushed bullion prices down 6% in Sept, historically gold’s strongest month. This move is unusual also because gold has had a monthly standard deviation of ±5.5% based on the last 10 years’ worth of data. Oil’s slump is a little more complicated to explain. In a way, American shale oil has become a victim of its own success.

follow us

markets snapshot


Market Quotes are powered by Investing.com India

live commodity prices


Commodities are powered by Investing.com India

our latest tweets

follow us on facebook