Gold Takes Bugs On A Roller Coaster Ride

Aibek Burabayev - Contributor - Metals

What is fear? It’s our emotion about something uncertain or unknown as it is natural for human beings to avoid risks. Someone said that to stop fearing it is good to face it as quite often it is only our mental illusion and has nothing common with reality. Another wise person advised looking at a larger perspective to cut the noise of the market to keep above the vanity.

I took both pieces of advice and combined them into a single weekly chart below.

Chart 1. Gold Weekly: Roller Coaster – Let’s Face The Maximum Fear

Weekly Gold Chart
Chart courtesy of

On the multi-year chart above, we can clearly see that the global map of the market didn’t change for the past 3 years and we are still at the levels seen in the three previous years. Almost a year ago at the end of November 2015, gold hit a new low and set the new edge of the range with a fresh downside at $1046 and the upside at $1434 (August 2013 maximum). Right now the price is almost at the center of the range. Continue reading "Gold Takes Bugs On A Roller Coaster Ride"

Three Reasons Why Gold's Best Days Are Ahead

The Gold Report: Sean, over the next two months, you'll be launching two different newsletters. The first one will be called Gold and Resource Trader. Why is now the right time to debut?

Sean Brodrick: It is a good idea because gold is generally hated right now. I like to look smart. One way to look smart is to buy things near a bottom and then hold onto them as they increase in value.

There is real value in the gold mining area. I ran a screen recently showing 25 miners trading on U.S. exchanges below book value. Some of them I wouldn't buy, but some I would. This shows that real value is there. We are closer to the bottom than we were to the top, so now is a good time to get in.

TGR: Tell us about the second newsletter you're going to launch in January? Continue reading "Three Reasons Why Gold's Best Days Are Ahead"

Gold Chart of The Week

Each Week will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report September 9th through September 13th

While the week ahead is light on economic data in the United States, the most important news that will affect global markets will still come out of the United States. Traders around the globe will look to trade any news from the White House on whether or not the US will go through with a strike on Syria.

After watching President Obama stumble through the G20 Summit last week, it will be interesting to see if the staff that writes the Presidents speeches can be convincing enough this week as Obama will look for support in the US. So far it appears that his only true International support is out of France where Socialist, Hollande stands firmly behind anything Obama says. Within the US borders, it also seems the Presidents support is drying up day after day. Continue reading "Gold Chart of The Week"

Gold Chart of The Week

Each Week will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report August 26th through August 30th

A late week recovery in equities was enough to keep markets guessing on a direction as we inch closer to the September 18th FOMC announcement.

In the first half of last week’s trade, US equities were under pressure as traders booked gains on long positions in anticipation of a taper from the FED. But by late week, the “buy the dip” mentality that has supported equities for months returned and stopped the bleeding.

Until global markets are finally given the FED’s final decision on their Quantitative Easing plans, I believe traders should expect similar market behavior to what we saw last week. In light volume Summer markets, we should expect decent volatility on any news in the US, and abroad. Lighter volume markets give investors and traders the ability to create exaggerated swings in price with larger lot orders. Continue reading "Gold Chart of The Week"

Today's Video Update: Gold and Oil Prices Swoon

Hello traders everywhere! Adam Hewison here, President of and Co-creator of MarketClub, with your mid-day market update for Friday, the 12th of April.

Gold (XAUUSDO) continues to come under pressure and is going to close out the week on a negative note. It would appear as though nobody wants to hold gold anymore. The gold market is close to a key area of support around the $1,500 area. A close below that area today does not auger too well for this market. Rumors that Cyprus is selling gold to improve its bank balances is also adding downside pressure on an already depressed market. We will be checking in on gold today and analyzing just how far this market can go from here. Continue reading "Today's Video Update: Gold and Oil Prices Swoon"