Previous Reports | The Gold Forecast

Previous Reports

Previous Reports

Daily Report: Mon, 05/05/2014 - 17:30

Safe-haven buying erupted today in the gold-buying market as the already tense situation in Ukraine boiled over and the country appeared to be on the brink of civil war.

The flash point has become Odessa. Odessa is important because it is Ukraine's port on the Black Sea and is at the heart of an ethnically mixed region composed of Ukrainians, Russians, Tartars and Georgians.

The Ukrainians are fighting for their country. The Russians are involved with a quest for false nationalism that leaders hope will mask its failed economic model. The Tartars will side against the Russians because... Read more

Weekly Report: Fri, 05/02/2014 - 17:12

After being cuffed around for much of the week, including early today, gold fought back with a vengeance. The reasons are contradictory and a little confusing.

Yes, indeed, there was renewed violence today in Ukraine, and the tensions seemed to be spreading and intensifying. Those facts alone can only explain some of the rise in gold.

It was the U.S. economy that first depressed gold, then launched it to a big gain as details of the texture of the stunning jobs report became clearer. The number of people who are not "looking for work" seems to be the sticking point.

"The market... Read more

Chart This: Fri, 05/02/2014 - 15:49

Gold prices were up on Friday, but is this a sustainable rally? Gary Wagner is on Kitco News to talk about the charts and where he sees the metal headed. "Everybody was eyeing the nonfarm payroll report that came out this morning," he says. "Last time we spoke, I was looking for the beginning of a sustained rally in terms of the gold market...to be honest, I've been disappointed." Wagner also comments on the silver market and shares some of his key technical trading tools with the viewers. Tune in now to learn more about trading, the gold market and more! Kitco News, May 2, 2014.

After The Show: Fri, 05/02/2014 - 06:37

After being cuffed around for much of the week, including early today, gold fought back with a vengeance. The reasons are contradictory and a little confusing.

Yes, indeed, there was renewed violence today in Ukraine, and the tensions seemed to be spreading and intensifying. Those facts alone can only explain some of the rise in gold.

It was the U.S. economy that first depressed gold, then launched it to a big gain as details of the texture of the stunning jobs report became clearer. The number of people who are not "looking for work" seems to be the sticking point.

"The market... Read more