Buy the Dips

Stocks finished the day after Thanksgiving moderately lower. Gold, on the other hand, finished the day with strength, up nearly $9 per ounce on the session. Of course, lower stocks and higher gold could be due to a wide variety of reasons. The day could, however, be indicative of trends to come. The day’s upside in gold puts a little distance between the market and chart support in the $1450 area. Another dip towards $1450 could, however, see further buying interest and perhaps even a... Continue Reading

Category |

The Market Could Have Further to Fall Before Finding a Bottom

The gold market s lower again today as some surprising economic data has caught the markets off-guard. In recent trade, spot gold was down nearly $7 per ounce at $1454.60 for the day. The market has continued to hold above support in the $1450 area, but another test of this area could potentially lead to a fresh leg lower in value. The market could even look to test the $1400 region before finding more willing, long-term buying interest. And that is just fine… The market... Continue Reading

Category |

The Week Ahead

The gold market is off to a slow start this week as stocks and risk assets see a heavier bid as the new trading week gets going. Although the news and headlines may sound a bit rosier today, for the most part the news simply appears to be more of the same that has driven equity markets for several months now. Over the weekend, China released a document that in part discussed the importance of intellectual property rights. The report also noted that those rights... Continue Reading

Heard This Before

U.S. stocks are moderately higher in early Monday action to kick off the new trading week. Positive trade developments have been tagged as the primary catalyst for stronger equity markets this morning. Over the weekend, China reportedly released a document that discussed one of the major sticking points of trade talks-intellectual property rights-and called for more protection of those rights. In addition to that, comments from U.S. national security adviser Robert O’Brien also may be playing played a role. O’Brien reportedly stated that a phase... Continue Reading

Trade Talks Maybe Not Going So Well?

Wall St. has seen major stock indexes make fresh all-tine highs recently. Stocks have pulled back a bit in recent trade, however, and are lower again today. The primary reason for the lack of upside follow through could be a lack of progress in U.S./China trade negotiations. Recent headlines on trade have taken a slightly more mixed tone, while ongoing unrest in Hong Kong could also potentially upset things further The U.S. House of Representatives on Wednesday passed two bills that may have upset Beijing.... Continue Reading

Has Gold Found a Bottom?

It’s no secret that the gold market has struggled for several weeks now. Following a convincing upside breakout in price that took the market to over the $1500 level, the gold bulls have not seen the type of follow through that they are looking for. In fact, prices have been on the decline since finding a top with seemingly little to stop the recent descent. The gold market has possibly now found a bottom. Although it is too early to tell; recent price action could... Continue Reading

Category |

Markets May be Tied Too Close to the Fed

The Federal Reserve has signaled that it may be done cutting rates, for now at least. Of course, the central bank could change its mind, and quickly, if the economic data stream shows further deterioration or if a U.S./China trade deal appears to be a no-go. Thus far, the Fed appears to be trying to maintain its patience, and the central bank could also see good things ahead for the U.S. economy. The markets may be tied too close to the fed. Another matter could... Continue Reading

Category |

Forget Price. It’s Time to Buy 

The gold market continues to languish below the psychologically key $1500 level. The market, while having several long-term significant bullish catalysts, seems to be lacking a fresh, short-term bullish force that could take prices beyond the $1500 level to stay. Given the last few weeks and gold’s lack of follow through, many investors may currently be asking:  “What’s the problem?” In short, there does not appear to be any type of problem. Sometimes, good things simply take time. That’s all.  That is also why you... Continue Reading

Category |

How Quickly Things Can Change

After seeing some moderate selling in early trade today, the gold market has been clawing its way back to nearly the unchanged level for the session. At the heart of gold’s reversal could be commentary from President Donald Trump. The President recently suggested that the U.S. was not going to follow up on previous discussions phase out tariffs along with China as part of the Phase 1 trade agreement gets ready for signatures. Not surprisingly, the gold market’s rise today happens to coincide with stocks... Continue Reading

Category |

Big Picture Is Bullish

The gold market is working hard today to recover some of yesterday’s declines. Oddly enough, the yellow metal is stronger even as stocks are also moving mostly sideways today. Although this may come as a significant surprise to many, it really shouldn’t. The gold market could very well move higher along with stocks in the weeks and months ahead. The U.S. Fed recently suggested that it would not look to hike rates again until there is a pickup in inflationary pressures. The central bank has... Continue Reading

Category |