The Gold Forecast Videos | The Gold Forecast

The Gold Forecast Videos

Fiscal Stimulus, Fed Rate Cuts and Increased Asset Purchases Drive Gold Higher
Today the Congress passed a $2 trillion stimulus bill, after the Senate approved the bill yesterday, and was signed today by President Trump. This bill was passed to help support the economy in the United States, as well as American workers by allocating approximately $2 trillion. This bill even set aside $350 billion in forgivable loans... Read more 03/27/2020
COVID-19 continues to ravage the global economy
As of 5:07 PM EST gold futures basis the most active April contract is currently trading up $6.10 (+0.37%) and fixed at $1639.50. Although gold opened slightly above yesterday’s close, today’s close was below today’s opening price. Also noteworthy is gold continues to have an exaggerated price range, as today’s pricing created a lower... Read more 03/26/2020
Some Price Pull-Back is Healthy for Gold
Consider this, gold has had a price range from Friday’s low ($1457) to Tuesday’s high (1698.60) of $241. If you compare Friday’s opening price ($1470) to Tuesday’s close ($1660) Gold had gained a total of $190 over three trading days. Based on the rapid ascent of gold pricing today’s moderate selloff, I believe that is healthy. We... Read more 03/25/2020
Gold & U.S. Equities Rally as Fed Commits to Unlimited Quantitative Easing
The rally which began in gold yesterday continues, now in its second day with substantial gains. After yesterday’s $60 advance which took gold pricing from $1507-$1567 ignited the second stage thrusters as it achieved terminal velocity and entered the stratosphere on its journey to the stars and even higher pricing. As of 5:41 PM EST... Read more 03/24/2020
Lack of Fiscal Stimulus and Fed Actions Ignite Gold Pricing
Today gold pricing skyrocketed and broke strongly above Friday’s close. This incredibly strong move is based upon the release of a statement by the Federal Reserve at 8:00 AM EST, and the inability for the government to agree on a proper fiscal stimulus package. As of 5:20 PM EST gold futures are currently trading up by $78.20, which... Read more 03/23/2020
Could gold be at the conclusion of the current correction?
Over the last couple of weeks, the safe haven assets particularly gold have been selling off as part of a mass liquidation of all asset groups following the U.S. equities reaction to the coronavirus pandemic and actions being taken worldwide. Historically speaking when you look at other crisis this one stands alone with some major... Read more 03/20/2020
Dollar Strength Continues to Plague Precious Metals
Gold continues to fall in the presence of extreme dollar strength which is dictating most of the net change within the precious metals complex. As of 6:15 PM EST the dollar is currently up almost 2%, with the index currently fixed at 103.56. The last time we saw the U.S. dollar have this kind of strength was in January 2017 when it... Read more 03/19/2020
The Only Silver Lining is the Gold-Silver Ratio
When we look at the precious metals complex the only thing we see moving higher is not a specific precious metal, rather it is a ratio between two precious metals. This ratio is the only investment that is competing with recent dollar strength which hit a new high today of 101.26, after factoring in today’s gain of approximately 1 ½... Read more 03/18/2020
Gold and equities pivot to the upside as the Fed reenacts its funding program
Yesterday U.S. equities had their deepest and most brutal decline since black Monday which occurred on October 19, 1987. At the same time gold opened higher in Australia, and then began to selloff as it traded in New York. It traded to a low of approximately $1450 before recovering back above $1500. The one constant that we have seen... Read more 03/17/2020