The 6PM Recap With Gary Wagner: Gold Is Tripped Up By Higher Oil and Stronger Equities
At 4:00 in New York West Texas Intermediate is up 10.45% while Brent North Sea is up 9.00%. The lightning strike is based upon continuing belief in the rumor instigated by the United Arab Emirates’ oil spokesperson that OPEC may have reached an agreement to cut production to shore up prices
Even If Gold Corrects Next Week, The Rally Isn’t Finished Say Analysts
Although gold prices may see some selling pressure at the start of the shorter trading week, analysts explain that improving market sentiment and continued uncertainty in global markets will bode well for prices in the near-term.
Read moreContinued Positive Sentiment Points To Further Gains In Gold Prices: Kitco Gold Survey
Sentiment in the gold market remains strong after prices hit a one-year high in a parabolic move and the majority of people surveyed expecting more gains in the near-term, according to this week’s Kitco News Wall Street vs. Main Street Gold Survey.
Will Silver Outperform Gold As Metals’ Rally Continues? – Analysts Debate
It’s been all about gold since the start of the year, but some analysts are turning their attention to silver.
NERD ALERT! Gold & Platinum May Be Proving Einstein’s Theory…100 Years Later
It took scientists a century to finally prove one of Einstein’s theories; and, they did it with gold and platinum.
Not All Equities Are Down; Gold-Mining Stocks Rise This Week
Gold-mining stocks certainly fared better than the broader equity market during the first four days of this week as mining shares that trade in North America surged on higher precious-metals prices.
Read moreGold’s Price Action “Impressive” But May Wane Ahead of Presidents Day – Gartman
Famed newsletter writer and market watcher Dennis Gartman says that gold’s past day’s action can be summed up simply as, “Wow!?.”
U.S. Advance Retail Sales Rise 0.2% In January
(Kitco News) – After a slower Christmas season, U.S. consumer ended up spending more money than expected at the start of the new year, according to the latest data from the U.S. Department of Commerce.
Read moreGold Sees Some Profit-Taking Pressure From Recent Strong Gains
Gold is seeing a corrective technical pullback, some chart consolidation and mild profit-taking from this week’s strong gains that drove prices to a 12-month high Thursday. April Comex gold was last down $7.10 at $1,240.60 an ounce. March Comex silver was last down $0.064 at $15.73 an ounce.
Credit Suisse: ‘Our Fundamental View On Gold Remains Constructive’
Credit Suiise analysts say “our fundamental view on gold remains constructive” although prices rose faster than they expected.