Gold | The Gold Forecast

Up, Up and Away

Tuesday, October 21, 2014 - 15:52

In 1967 the group 5^th Dimension asked “Would you like to ride in my beautiful balloon?” in their song Up, Up and Away.

They Will Never Be Royals, but Large Speculators Add Gold

Monday, October 20, 2014 - 14:54

The way the Kansas City Royal slipped into the World Series with little prior heralding, large speculators have entered the gold market, adding the yellow precious metal to their positions. Strikingly, this includes a wide variety of managed funds across the board.

Friday's Indecision

Friday, October 17, 2014 - 17:11

Before bouncing off its low for the day, back to the high 1230s, we were stopped out of our trade.

It's better to take the profit, especially with the weekend on the horizon and the uncertainty in Europe hovering about for a few days.

Indecision Works Against Gold

Thursday, October 16, 2014 - 16:44

A recovery of the greenback has been inevitable for some time. Whether we're going to experience a full-blown reversal remains to be seen, however. Today, we saw the dollar rise but then back off of its gains.

In regular trading, conflicting cross-currents pushed and pulled on the minds of investors and traders.

Gimme Shelter

Wednesday, October 15, 2014 - 14:38

Today we witnessed a virtual meltdown in the US equities markets with the Dow Jones industrial average currently trading off about 300 points plus on the day. At the same time we are witnessing the US dollar under pressure.