The Gold Forecast Videos
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The Latest FOMC meeting concluded with the expected rate cut. The Federal Reserve cut their Fed funds rates by a ¼% (25 basis points) to take the current spread to 175 bps. (1 ¾%) to 200 bps (2%). This action resulted in an increase of bullish sentiment in both stocks and gold. We reported that there was a high probability that the... Read more |
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11/04/2019 |
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Spoken over 200 years ago, Napoleon Bonaparte said, “China is a sleeping giant. Let her sleep, for when she wakes, she will move the world.” As a student of history Napoleon knew of the Chinese through his research. What is documented is that the quote above acknowledges China’s tremendous population as well as their respect for... Read more |
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11/01/2019 |
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Today it was announced by many new services that the Chinese officials have raised concerns about the impulsive nature of President Trump which has led them to believe that at this point in time it will be very difficult to a come to an amicable resolution to the trade war. Although the breaking news came across through multiple... Read more | 10/31/2019 |
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Today at the conclusion of this month’s FOMC meeting, the highly anticipated rate cut was announced and implemented. The Federal Reserve cut their Fed funds rates by a ¼% (25 basis points) to take the current spread to 175 bps. (1 ¾%) to 200 bps (2%). This action resulted in an increase of bullish sentiment in both stocks and gold. As... Read more |
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10/30/2019 |
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Gold futures now for the second day in a row have traded lower. Today the December futures contract closed down $5.90 (-0.39) and is currently fixed at $1489.90. There was neither strong tailwinds or headwinds provided by the dollar which closed off fractionally on the day. The current focus from market participants is the FOMC... Read more |
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10/29/2019 |
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After trading to a high of $1520.90 on Friday and closing just a few dollars above $1500, gold futures opened just above the resistance trendline created from the series of lower highs, and closed solidly lower breaking below $1500. Gold futures basis the most active December contract lost $10.50 in trading (-0.70%), and closed at $1494.... Read more |
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10/28/2019 |
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Today we saw fast market action with Gold breaking above $1500 per ounce, after closing above that price point for the first time in a week and a half. Gold traded to an intraday high today of $1520 before coming back down and testing the former resistance line which now appears to be the inevitable support line, we need to watch next... Read more |
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10/25/2019 |
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Gold continues to trade under pressure, closing lower on the day and in essence unchanged on the week. As of 4:45 PM EDT gold futures are trading off by $4.60 a net decline of - 0.31%, and fixed at $1493.70. At the same time the U.S. dollar is trading lower currently down - 0.35%, with the dollar index currently at 96.955. For the... Read more |
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10/18/2019 |
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A combination of geopolitical events has dampened earlier gains in gold futures. The precious yellow metal traded to a high of $1501 per ounce before softening on the close. As of 4:10 PM EDT gold futures are currently trading up $1.50 on the day and fixed at $1495.60. Today Turkey agreed to stop its military action in Syria for the... Read more |
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10/17/2019 |