It is important for precious metals investors to periodically review longer-term perspectives for the market. Gold had a strong finish for the holiday-shortened week, rising 1.2% or nearly $16 to close at $1,298 as of the final trade on the New York COMEX on Friday afternoon. However, as discussed last […]
Tag: gold trend
Gold Trend
Gold to Silver Ratio At Multi-Decade High
The gold to silver ratio, or the number of ounces of silver required to purchase one ounce of gold, is within a window of approximately 6 to 9 months whereby it will either strongly confirm or strongly deny the arrival of a new bull market for both metals. One way […]
Gold Resistance Ahead… Bottom in 2019?
Gold continued to build on last week’s gains, adding nearly $7 per troy ounce or 0.5% as of the close on Friday on the New York COMEX futures exchange. The final print for the week was $1,229. Given the surge seen over the past two weeks, it is time to […]
Price of Gold is Rising
Price of Gold is Rising The seven-year bear market is ending, with the broad stock market crashing – the price of gold and the precious metals market will continue to soar. Investors have always seen gold as a safety net against economic and market risks. According to the International Monetary […]
Market Tremors – Gold and Silver Shine
The US and world markets were in a state of wild turbulence on Thursday and Friday of last week. This calls for both gold and silver addressing serious opposition in the near future. The most important takeaway from the recent action is that this comprises early confirmation of the chain […]