Gold the Metal of Kings has Been Used as Currency for Centuries ~ Precious Metals News. #Gold & #Silver Rally Huge as Central #Bankers & Analysts Flub. Gold & Silver Rally Huge as Central Bankers & Analysts Flub. Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up we’ll hear from Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors and author of the book The Goldwatcher: Demystifying Gold Investing. Frank has a bullish outlook for the metals and comments on what’s ahead for gold and silver after a very strong start to the year. Will we see a pullback as we head into the summer? Hear Frank’s answer to this question and many others, coming up right after this week’s market update. Central bankers took center stage this week as both the U.S. Fed chair Janet Yellen teased the possibility of a hike as soon as the next meeting in June. The dovish wing of the Fed got another reason to stay dovish on Thursday after the release of a dismal GDP number. The Bank of Japan on Thursday opted not to pursue any additional stimulus measures – such as expanding its bond buying program or driving rates deeper into negative territory.
Well, that analysis was dead wrong! Will #Gold Prices Finally Pull Back or Continue Marching Ahead? Will Gold Prices Finally Pull Back Or Continue Marching Ahead? This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others.
Download the Scutify iOS App, the Scutify Android App or visit Scutify.com. By Stefan Gleason, Originally Published on Money Metals Exchange Gold prices are up more than 11% since bottoming last December. Their gains last week took the gold market right up to its 50-week moving average. In 2015, attempted rallies reversed at the 50-week moving average. Either way, long-term gold bulls shouldn't sweat this particular technical level. Whether that starts happening this week, or later on at higher price levels, a downturn of some magnitude is inevitable. One indicator that may be pointing toward a pullback sooner rather than later is the negative divergence in gold mining stocks which are often leading indicators for the yellow metal. Higher highs and higher lows characterize a major bull market.
The Rush to #Gold: A New Respect Is Growing. The Rush to Gold: A New Respect Is Growing - Money Metals Exchange. You didn't come here today for bad news.
There's plenty of that everywhere you look, and even where you don't look. So here's the good news. A new rush to gold has begun. To see where we're headed, let's first see where we've been. Gold and silver owners in the first ten years of this new century were in for quite a ride, watching gold soar to $1,895 and silver to $49 by 2011.
Gold had bottomed at $255.95, Apr 2, 2001. The national debt in 2001 was $5.8 trillion, on its way to today's $20 trillion. “War on cash” was an unknown socio-economic term. Gold Rides an Escalator, while Silver Rides a Roller Coaster While the DOW and S&P languished in the agony of three crashes from March of 2000 through 2009, gold and silver got no respect from Wall Street or financial media. Thanks, in part, to the top-down manipulation of bullion bank price suppression, gold steadily fell 55% and silver 72% from 2011 through 2015. But no market goes up or down forever.