Where Did That Gold Rally Go?
Last week at this time, most analysts expected that gold could rally to $1,400 an ounce on a surprise Trump victory. And, in the wee hours of Tuesday evening as it became apparent Trump was leading, gold delivered, jumping over 5%.
Read moreGold Bulls Couldn’t Withstand Trump Win; What Next?
(Kitco News) – Heading into the week, expectations were high that a surprise Trump win would be bullish for gold prices; that optimism has been dashed with gold prices ending the week at a five-month low.
Read moreGold Slammed To 5-Mo. Low On Rising Investor Optimism, Technical Selling
Gold prices ended a historic trading week sharply lower and careened to a five-month low Friday. A generally upbeat trader and investor psychology late this week (the “Trump rally”) worked against the safe-haven gold market.
Read moreWall Street, Main Street Mixed But Lean Toward Gold Bounce
That certainly didn’t go according to script.
Gold At 5-Month Lows – Why Aren’t Prices Up Following Trump’s Win?
(Kitco News) – Donald Trump’s surprise U.S. presidential victory has not been the apocalyptic event markets and analysts were predicting, which has caused a significant selloff in gold.
Market Update: Gold Slammed As 10-Year Yields Surge
Gold got slammed as a large commercial order of almost 8 metric tons was dumped on the market. The surging yield on the 10 year note continues to attract huge capital flows into the US$.
Read moreGold Hammered To 5-Mo. Low On Technical Selling, Improved Investor/Trader Optimism
Gold prices are sharply lower and have careened to a five-month low in late-morning trading Friday. Sell stop orders were triggered in the futures market when prices dropped below key support at the October low, to intensify the price downdraft.
Read moreVeterans Day: A Word From George Gero
On Veterans Day we honor all,
Who answered to a service call.
Soldiers young, and soldiers old,
Fought for freedom, brave and bold.
Some have lived, while others died,
And all of them deserve our pride
Gold Prices Down More Than 2% Following Strong Rise In UoM Sentiment Survey
(Kitco News) – Preliminary data showing positive U.S. consumer sentiment has pushed the gold market lower, with prices now down more than 2% on the day.
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