Headlines get ahead of themselves In this headline driven market, sentiment can easily overreact to any news story that talks about perceived optimism, or pessimism. In regards to whether or not the United States government will be able to pass fiscal stimulus legislation prior to the presidential election on November 3rd, and traders are hanging […]
Year-end forecast – gold stocks to rally 60%, $2,300 gold price – Chris Vermeulen Gold stocks are showing short-term consolidation, but should they break resistance, another bullish leg could be sustained, pushing the VanEck Vectors Junior Gold Miners ETF (GDXJ) up to 60% higher in a few months, said Chris Vermeulen, chief market strategist of […]
Hurdles remain for a fiscal stimulus bill to pass Featuring views and opinions written by market professionals, not staff journalists. Commentaries & ViewsShare this article: Although the House, Senate and White House are working feverishly to come to an agreement and pass fiscal stimulus bill before the election, it seems that the differences are split […]
Sterling neutral as traders hope for Brexit trade deal LONDON, Oct 20 (Reuters) – Sterling traders kept the currency afloat on Tuesday as they searched for clues on how likely it was for Britain to reach a trade deal with the European Union by the end of the year. Price actions suggest investors lean towards […]
Gold price meltdown? 'I'm not selling in front of the crash' says Lobo Tiggre Fears of a vaccine pushing the gold price down are overplayed, said Lobo Tiggre of the Independent Speculator. “ think this is another one of these overblown things. Yes, we have seen gold move on vaccine headlines, I don’t deny that, […]
Election countdown – Sell U.S. dollar, buy silver, and other advice from analysts Gold prices have been stuck around the $1,900 an ounce for most of October due to the strength in the U.S. dollar, but analysts expect the gold price action to pick up in the next few weeks, producing a "lasting price upswing." dman […]
Markets addicted to stimulus' as anxiety builds – What to expect from gold price with election two weeks away Gold's stable position at the $1,900 an ounce level could be the calm before the storm as the U.S. presidential election is just two weeks away, and a lot of investors are choosing to stay on […]
Fed insider on Jerome Powell’s next moves, gold price expectations – Danielle DiMartino Booth With the Federal Reserve having expended almost all monetary tools now, the only major course of action left, short of directly buying ETFs, is more quantitative easing, said Danielle DiMartino Booth, CEO of Quill Intelligence. “If you’re at the zero bound, […]
Expect ‘seismic change’ and major markets sell-off after election – Mark Skousen Former Vice-President Joe Biden is currently leading in the polls, two weeks before the election, and should the Democrats win, major changes will happen to legislation that could seriously hurt investors, according to Mark Skousen, editor in chief of Forecasts & Strategies. “I […]
Gold trades sharply lower As the probability of the House and Senate agreeing upon a fiscal stimulus bill continues to diminish, traders and market participants were active sellers in both gold and silver today. Coupled with dollar strength spot gold lost approximately $30, while gold futures basis the most active December 2020 Comex contract lost […]