Gold And Silver Step Over A Cliff
It was a long way down. Gold fell $43 per ounce in morning trade in New York, or more than 3.25%. Silver followed suit and then some. It fell more than 5.00%. The question now becomes whether physical buyers will take advantage of the plunge and step …
Read moreGold Sees Worst Day In Almost Three Years
(Kitco News) – Traders are closing the books on gold’s worst daily performance in almost three years and some analysts are warning investors that there could be more selling during the next few days.
What’s Behind The Gold Market’s Rout
I suggested this morning that the metals remained in a lower-drift mode, with gold possibly seeing the $1,300 area, with $1,285-90 level a significant support line.
Read moreGold’s Strong Losses Tuesday Somewhat Puzzling, Could Be Portent For Other Markets
The sharp losses in gold on Tuesday, in which prices were down around $40.00 an ounce and hit a 3.5-month low, are being blamed on a stronger U.S.
Read moreREFILE: Roubini Says Upside In Gold ‘Less Likely;’ Is He Right?
NEW YORK (Kitco News) – Although gold prices didn’t actually hit $1,000 as one famed economist predicted, he continues to remain bearish on the yellow metal.
Gold Hammered To 3.5-Mo. Low On Strong Dollar, Rate-Hike Worries
Gold and silver futures prices were sharply down and at a three-plus-month lows in late U.S. trading Tuesday.
Read moreGold Could Push Lower, But No Need To Panic – Fund Manager
(Kitco News) – Gold could continue to trend lower until the end of the year in anticipation of the Federal Reserve interest rate hike, but its bull market isn’t about to end anytime soon, according to one European hedge fund manager.
Gold Prices Break Below $1,300; What’s Next?
(Kitco News) – A stronger U.S. dollar Tuesday created some technical selling pressure in gold, which then led to some panic selling as prices were at one point down more than 2% on the day; however, analysts note that despite strong selling pressure, …
Read moreGold Extends Losses, Sharply Lower, Amid Stronger U.S. Dollar, Fed Speak, Chart-Based Selling
Gold futures prices have extended early solid losses to trade sharply lower and at a 3.5-month low in late-morning trading Tuesday.
Read moreIf Gold, Silver Break 200-Day Moving Averages The Bull Run Is Done – ABN AMRO
Gold prices are down more than 2.5% and silver prices are down more than 4% on Tuesday and one international bank is warning that prices could continue to push lower now that the selling flood gates have opened.
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