Gold Down On Hard Charging Dollar And Cooling Stocks
A 0.6% rise in U.S. retail sales for June, blew the 0.1% rise predicted by economists out of the water. It’s yet another reminder why economics is called “the dismal science.” The rise was the third straight monthly increase. Sales are up 2.7% from a year earlier.
Analysts Expect Gold Prices To Find Support Amidst Stronger Equities
The gold market is preparing to end the week in negative territory for the first time since mid-May, ending a six-week winning streak.
Read moreWin Streak Ends; Wall Street, Main Street Mixed On Gold
For five straight weeks, Main Street and Wall Street participants in the Kitco weekly gold survey accurately forecasted that gold would post a weekly gain.
Read moreWould The Turtle Traders Buy Gold Now?
Can you learn to be a good trader, or are successful traders simply born that way? That question was the essence of a legendary bet between Richard Dennis and William Eckhardt in the early 1980’s.
Read moreRBC Calling For $1,500 Gold For 2017, 2018
(Kitco News) – In a world of rising gold forecasts, RBC Capital Markets is setting itself apart from the herd as it releases one of the most aggressive updates, saying a new bull market is under way.
Read moreGold Correcting In Price – Gold Miners Correcting In Time
For almost 15 years I have been beholden to this wild and crazy precious metal miner sector that entailed two crashes and two huge run-ups.
Read moreCommerzbank: Silver ETF Holdings Hit Record High
Silver holdings in global exchange-traded funds have hit a record high, says Commerzbank. Silver ETF inflows amounted to 53 tonnes Thursday, which puts inflows since the beginning of the week at 202 tonnes, the bank reports.
Read moreNew York Fed Sees Sharp Decline In Manufacturing
(Kitco News) – The gold markets appears to be ignoring disappointing regional manufacturing data and instead putting more focusing on stronger than expected retail sales data.
Read moreGold Prices Slightly Weaker Following In Line Inflation Pressures
Kitco News reports on the U.S. Consumer Price Index for June.
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