The Gold Forecast Videos
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For the first time in a while gold is sharply higher and gains are not based upon a weaker US dollar. Over the last couple of months, the majority of trading days contained a net change in gold that was the direct result of dollar strength or dollar weakness. As of 5:10 PM Eastern standard time gold futures, basis the most active... Read more |
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02/15/2019 |
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As of 5:30 PM Eastern standard time, gold futures basis the most active April contract is trading $.70 higher and currently fixed at $1315.30. Although gold futures are exhibiting extremely fractional gains on the day, there is over a $10 differential from the lows achieved last night. New York gold traders witnessed pricing trade to... Read more |
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02/14/2019 |
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Any hopes that the U.S. dollar would continue to trade lower after yesterday’s weakness was short-lived. In fact, all of yesterday’s price decline eroded in early evening trading as the dollar not only recouped but closed above yesterday’s opening price. Currently the dollar is up almost a half a percent, a 46-point gain, and fixed at... Read more |
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02/13/2019 |
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On January 31st, 2019 gold hit its highest value this year when on an intraday basis gold future traded to a high of $1330 per ounce. From there pricing began an extremely shallow retracement trading as low as $1306 on February 7th. This shallow retracement occurred in tandem with a rally in dollar strength which began on the very same... Read more |
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02/12/2019 |
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Once again it is dollar strength that is the primary force influencing current precious metals pricing. More importantly there are fundamental events that are quickly approaching that could greatly influence relative dollar strength or weakness and demand our attention. On the minds of many analysts today is the current trade war... Read more |
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02/11/2019 |
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Given that this recent correction is a reflection of gold prices surging $130, a very respectable rally, the price recovery over the last couple of trading days is clearly an indication of the resilience of current gold pricing and demand for the precious metal. This rally began in the middle of November last year when gold was... Read more |
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02/08/2019 |
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The Chinese markets might be closed this week, however concerns about the continuation of our looming trade war continues. Resulting in U.S equities closing sharply lower today and as of 4:30 PM Eastern standard time the Dow Jones industrial average is off by well over a full percentage point and currently trading down almost 290 points... Read more |
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02/07/2019 |
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Gold futures broke a key support level at $1312 today. As of 5:00 PM Eastern standard time April futures are trading at $1310.50 which is a net decline of $8.70 on the day. Spot gold is experiencing similar draw-downs, and are currently fixed at $1306 after factoring in a decline today of $8.80. According to the KGX, (Kitco gold index... Read more |
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02/06/2019 |
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A combination of dollar strength this week coupled with solid performance in U.S equities have created pressure in the safe haven class limiting any real upside move for gold pricing. In fact, the risk on market sentiment is not solely based in U.S equities but rather spread globally as world equities have reached a two-month high in... Read more |
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02/05/2019 |