Gold’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.
CME Group Hiking Margins On Comex Gold Futures As Of Friday Close
CME Group is raising margins on gold futures as of the end of business on Friday, the exchange operator reported.
Read moreFranco-Nevada Increases Previously Announced Financing To $800 Million
Franco-Nevada Corp. (TSX, NYSE: FNV) has increased a previously announced public offering to $800 million from the initially reported $550 million.
Read moreGold Sees Profit-Taking Pullback As Risk Aversion Recedes
Safe-haven asset gold saw prices decline a bit Friday, on some mild profit-taking from this week’s strong gains. Still, the precious metal is in strongly a bullish technical posture, which suggests there is more room to run on the upside.
Read moreThe 6PM Recap With Gary Wagner: Gold Triumphing As Multiple Markets Reach an Inflection Point
As this article explains, many of the oil companies up and down the production chain, based their valuations on oil that was $90 or higher. Then it was $65 per barrel… those chickens are coming home to roost and they have very sharp talons
Everyone Loves Gold…Including Shark Tank’s Mark Cuban?
(Kitco News) – When traders don’t know what to do, they go where people are flocking, explained billionaire Mark Cuban on CNBC’s Fast Money. In the interview Thursday, Cuban said he thinks that place is gold.
This Central Bank Sells More Of Its Gold, Bucking International Trends
(Kitco News) – While China is making headline for its insatiable appetite for gold, Canada is in the news for the exact opposite reason.
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