Gold Bears Not Letting Up; No Low In Site As Prices Remain Below $1,200
(Kitco News) – Bearish speculative investors continue to hold the gold market in a death grip and are in complete control of the price action, according to the latest trade data from the Commodity Futures Trading Commission (CFTC).
Read moreStandard: Look For More Exodus From Losing Gold ETP Positions
Money has flowed out of gold-backed exchange-traded products this month, and there may be more of this from losing positions before gold prices can finally stabilize, says Suki Cooper, precious-metals analyst with Standard Chartered
Read morePhysical Gold Demand Picking Up After Price Drop
There’s an old adage that says nothing helps commodity prices more than low commodity prices.
Read moreGold Prices Rebound On Upbeat China News
Gold prices are posting decent gains in early U.S. trading Monday, with silver also modestly up, as there is some positive economic news coming out of China, a major metals importer.
Read moreBitcoin Daily Chart Alert – Sideways Trading Favors Bulls – Aug 20
Read moreBeing ‘Used To Bad News’ Is Keeping Gold Down — Perth Mint
The world has been thrown in a whirlwind, with one bad news after the other making chaos the new normal and leaving gold prices without a life raft, said Australian Perth Mint.
Read moreHistoric Gold George Washington Coin Sells For $1.7 Million At Auction
The one of a kind George Washington gold coin, dating back to the 18th century, was sold for $1.7 million this week with all the proceeds going to charity, according to Heritage Auctions.
Read moreGold Is Playing The Long Game Here – Analysts
Gold had another tough week, breaching the $1,200 an ounce level and struggling to find its way back.
Read moreJim Wyckoff’s Gold Survival Guide
Contrary opinion in the trading business is defined as going (trading) against the popular or most widely held opinions in the marketplace.
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