Cash, Bonds and Gold
Since the beginning of May when April US employment printed weaker than expected, gold has declined, stocks have gained and Fed tightening expectations have increased. It appears the marketplace is expecting May data to offset April.
Read moreGold Can’t Find Its Way While Yen Charges On as Safest Haven
Today’s figures and one international development added more fuel to the confusion fire. The outcome? We do not believe the FOMC will raise overnight rates come June 15, less than two weeks from now.
Gold May Be a “Sell” Now – RBC Wealth Management
(Kitco News) – Gold’s rally seems to be coming to halt with investors questioning whether or not the uptrend has turned the corner.
Owning Gold Is Not Optional, Every Investor Needs It – Strategist
The Federal Reserve seems to be pulling in the reins on gold’s 2016 rally as markets expect rate hikes as early as this summer.
Read moreGold Ends Weaker In Quieter Trading; U.S. Jobs Data On Deck
Gold ended a quieter session slightly lower Thursday, in another narrow, two-sided trading affair. Some fresh economic news Thursday failed to significantly move the precious metals markets.
Read moreGold Slips Below Unchanged as Outside Markets Turn Bearish
Gold prices are trading modestly lower in late-morning dealings Thursday, and have given up slight early gains.
Read moreOPEC Members Reach No Deal, so Oil Will Keep Flowing
OPEC members met in Vienna on Thursday but failed to reach a deal that caps production.
Read moreReliant Reports Deal To Sell 49% Interest In Borden Lake South Claims To Goldcorp
Reliant Gold Corp. (TSXV: REC) says it has reached an agreement to sell its 49% interest in the Borden Lake South mineral claims to Goldcorp Inc. (TSX: G, NYSE: GG).
Read moreGold Needs These Widely Watched Patterns to Fail
The good news about widely watched technical patterns is that once they hit the popular press, they often fail.
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