Gold News

Tinker, tailor, soldier, sailor, rich man, poor man, beggar man, thief… This old nursery rhyme, or counting game, dating back from the late 17th century, could be seen as a prediction of things to come. Many people, from various backgrounds, could soon realise that t
This week is shaping up to be pivotal. Wednesday's FOMC announcement will set the tone. Market participants will be looking for guidance concerning interest rates and balance sheet reductions. From a cyclical and technical perspective, metals and miners are in th
Last weeks trading saw Gold making lower lows for the recent correction into Thursday's session, with the metal dropping down to a bottom of 1275.30. From there, however, a sharp reversal to the upside was seen into Friday, here running all the way up to a peak of 1
What is a Goldbug? If we look at Wikipedia, they define it as “a person who is extremely bullish on the commodity gold as an investment and or a standard for measuring wealth …… goldbug can also be used as a pejorative”. Investopedia states that “A gold bug is an
Gold ended up forming the slightly more bearish pattern of an early-week high last week, with the index hitting a peak of 1296.60, made on a Monday time top. From there, lower prices were seen into later into late-week, with the metal dropping down to a Friday botto
In 2019 the investment world will start to realise that asset markets don’t grow to heaven as stocks, bonds and property start their long journey down which will eventually lead to declines of 75% to 95% in real terms. But the major risk is not just investment markets.
Last week's trading saw gold holding in a sideways-to-down consolidation, with the metal forming its low in Tuesday's session with the tag of the 1280.20 figure. From there, strength was seen into a Thursday high of 1298.00 - before backing off the same to end the w
Long term holders of gold have a different perspective of the world. They are not believers in instant gratification. Nor do they believe that a world based on money printing and debt can create sustainable wealth. They also know that the socialism which has spread like
Last week's trading saw the gold market making higher highs for the larger swing, with the metal pushing all the way up to a high of 1270.30 (February, 2019 contract), made in Thursday's session; from there, a mild consolidation to the downside was seen to end the w
As we approach the beginning of the biggest wealth destruction in history, it is timely to turn to the wisdom of one of the great philosophers. Plato (428-348 BC) stated: “The greatest wealth is to live content with little” And this is the lesson that most people