We have seen weakness in the gold price over the past two weeks, and if gold fails to break higher from its ongoing consolidation over the next 3-6 months, a significant culprit will selling amongst broad-based commodity funds. Below we zoom in on a detail of the CRB Commodity Index, which gold measures an average
Fed Rate Hike and Gold
The Federal Reserve increased short-term interest rates on Wednesday by 0.25%, the fourth rate hike of the current cycle which began in December 2015. Short-term rates now stand at 1.00% – 1.25%, which are still generally – low levels, yet now a full point higher than they were 18-months ago. The key from the
Gold Fails at Technical Trendline
The failed breakout and reversal back below the long-term declining trendline at $1,280 for gold this past week is a negative development for the entire precious metals complex. From a technical standpoint, it is exactly what we did not want to see as far as a market ready for a major advance. Even so, we
The US Bond Market – the 800-Pound Gorilla
The “800-pound gorilla” in the investment world is not the US stock market, nor yet the gold market – it is the US treasury bond market. The US bond market, at over $40 trillion in value, is much larger than the US stock market, which comes in at a little over $25 trillion. The longest-dated
Gold & Silver Price Updates
Gold closed higher by $14 or 1.2% to finish at $1,268 for the week. The precious metal is now close enough to its key long-term 2011-2017 downtrend that we can again call this advance another attempt to overcome the critical level. The last attempt to do so came on April 17 at $1,290 per ounce –