Markets Sink to New Recent Low
Global equity markets plummeted toward their worst week this year while the beating in commodities continued as data out of China showed manufacturing in the country was slowing at the fastest pace since the financial crisis in 2009.
Read moreGold Optimism Growing As Main Street, Wall Street Majority See Higher Prices Next Week
(Kitco News) – A late-week rally in gold is helping drive optimism in the marketplace as a strong majority among retail investors and market professionals expect to see higher prices next week, according to the weekly Kitco News Wall Street vs Main Street Gold Survey.
Global Stock Rout Supports Rise In Gold Mining Stocks This Week
(Kitco News) – Shares of gold- and silver-mining companies that trade in North America surged sharply higher this week, with many big mining stocks posting double-digit gains. Mining shares gained support as underlying gold prices skyrocketed to a fre…
Read moreConfessions of A Gold Analyst: Debunking The Manipulation Theory
In the past, I have asked market participants what has been manipulated more, the price of gold, or market participants following gold analysts?
Read moreU.S. Flash PMI Falls To 22 Month Low At 52.9
(Kitco News) – The U.S. manufacturing sector is once again under pressure as it continues to hover just above contraction level, according to the latest flash Purchasing Managers Index data.
Read moreGold Could See One More Dip Before Bigger Rally – Capital Economics
This week’s rally in gold has created renewed optimism in the marketplace; however, it might too early to call the bottom in gold as one research firm still expects the Federal Reserve to hike rates in September.
Gold Firmer, Hits 6-Wk High Overnight; World Market Place Anxiety Boosting the Safe-Haven Metal
Gold prices are modestly higher in early U.S. trading but scored a six-week high overnight.
Read moreWorld Marketplace Is Anxious Friday
Gold prices are slightly higher and hit a six-week high Overnight, as safe-haven demand has been keen for the yellow metal this week.
Read moreThe 6PM Recap With Gary Wagner: Look No Further Than Oil, The Fed, And Summer Malaise
Crude oil right now reminds us of those apocalyptic movies where an asteroid hurtles toward Earth and everyone watches as it grows bigger and bigger while a countdown to doomsday pops up on every television screen from Siberia to South Florida.
Read moreGold Sees Sharp Gains, Hits 5-Wk High, on Strong Safe-Haven Demand amid World Stock, Currency Mkts Turmoil
gold, silver, technical analysis, Wyckoff
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