Commodity Trade Mantra

Posts Tagged ‘Gold Price Movements’

Gold Price Movements Indicate Levels of Fear & Uncertainty in Global Markets

At the top of the list of what the stock market hates is uncertainty, while gold typically rises when there is fear and uncertainty in stock markets. The price of gold (see above chart) has been rising & its volume spiking. Our advice would be to keep an eye on the gold market to measure just how much fear and uncertainty there is in global markets about our new President.

Gold Price Movements may not be Exciting in 2017 – But I just can’t be Bearish on Gold

Across the developed world, is civil tension, unrest and division going to bubble over, or is it going to simmer down in the coming years? There is every chance that the narrative of civil discontent, division and unrest continues to fester and worsen in the coming years, even if there are no big, catalytic votes coming up in the US and UK. That’s why I’m not particularly bearish about gold.

Timeline For Gold Price Movements & The Next Gold Price Rally

It’s possible that gold could trade as low as $1285 and back near its 50-day moving average before bottoming. This area has proven as support all year. Expect a renewed rally in August back to near, but likely not exceeding much, the highs of late June & early July. Something between $1370 – $1390. Another tumble in mid-late Sept & finally, a breakout to new 2016 highs in Oct and Nov.

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