Commodity Trade Mantra

Posts Tagged ‘Gold Trend’

A Government Shutdown Could Change The Picture For Gold

Near-term catalysts for a push lower in gold prices includes higher US interest rates, among a few others. But, if the US fails to reach a settlement on a government shutdown, gold could take flight and stocks might find gravity. The initial deadline is this Friday, and Goldman estimates only a one in four chance of a government shutdown occurring.

Prices of Gold, Platinum, and Silver Communicate Valuable Insights

Would you rather hold gold / silver bars or paper bonds yielding “negative interest” issued by an insolvent government that promised to repay you (if at all) in devalued currency units? Ignore the daily and weekly price gyrations, forget the self-serving pronouncements from Goldman, do not trust the paper-pushers at the Fed, and look at the big trends in the gold and silver price charts.

No Clear Trend In Gold and Gold Stocks Yet

Gold has surrendered the $1,350 short term bull/bear demarcation again, but a secondary level of support has held – At present, the bears still win as many battles as the bulls, but eventually a breakout from the recent area of congestion will occur.

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