The proven combination of fundamentals and technicals should be applied to every stock you're eyeing, regardless of its sector, and regardless of media hype. 2010 09 09 15:52
NEW YORK (TheStreet) -- Jon Nadler, senior analyst at Kitco.com, is skeptical that gold can sustain their recent high prices and is looking for a catalyst to provide direction. 2010 09 09 11:22
NEW YORK (TheStreet) -- Jeffrey Christian, managing director of the CPM Group, reveals what India's gold buying season means for gold prices and how an investor can profit off of higher prices. 2010 09 09 08:00
NEW YORK (TheStreet) -- Philip Klapwijk, executive chairman of GFMS Research Group, breaks down growing gold jewelry demand in Brazil to see if it will be a game changer for gold prices. 2010 09 09 07:10
Global gold demand trends point to a divergence between investment and jewelry demand that could drive gold prices off their current highs. 2010 09 09 07:00
NEW YORK (TheStreet) -- Jim Cramer reveals whether he thinks gold or silver makes the best long term investment. Follow Jim on Twitter @JimCramer. 2010 09 08 11:03
NEW YORK (TheStreet) -- Will Rhind, head of U.S. operations for ETF Securities, says gold's record high price is good news for silver. 2010 09 08 10:47
In a recent piece, Nomura Group highlighted some of the more interesting gold ratios with the implication that gold is bumping up against some high historically levels: (Click to enlarge)
Since bottoming at the end of July, gold has rallied about $100/ounce.
As shown below, the metal is now trying to break through its June highs. Gold got within a dollar and change of that high Wednesday before pulling back about $7.
We have a classic technical setup in the gold chart (I am using the gold ETF since the commodity has a one-day delay in the charting software). Gold has retraced to come within smelling distance of all time highs. From here you either get a double top formation or a breakout.* Generally in a slower moving chart, such as this, the stock/commodity will not break through on the first try, but we'll see how it goes.
*technically there was a mini double top back in June which formed within a week, from...
So, traders came back from their summer escapes yesterday (well, a lot of traders, anyway; the trading floor population will likely not come to full force until after the High Holidays). Business, as a result, picked up for precious metals. Gold and silver both were bid up—though the reasons for the buying befuddled some market observers. From talk among the trade, buying was pretty much just something to do.
Silver’s performance has been outstanding recently, but it is not uncommon for the white metal to have extreme volatility both ways in its price moves. Let’s turn to the long-term silver chart to see what is in store for the white metal (charts courtesy by StockCharts.com.)
In recent months anxiety over the viability of the economic recovery has built gradually, with more and more bears seemingly emerging from hibernation with each underwhelming data release. And based on where the smart money seems to be flowing, perhaps there is major cause for concern; some of the most successful investors have established huge positions in gold ETFs, often viewed as a safe haven in difficult economic environments.
The SEC requires money managers who oversee more than $100 million in US equities to report their holdings on a Form 13F...
Reality is the great antidote of hope. Whenever my colleagues and friends ask me for my global economic outlook, by the time I’m done, they always provide a cheeky response about the depressing nature of my outlook. However, the outlook doesn’t have to be depressing at all for those willing to face reality and take a proactive stance. As a realist, if the outlook calls for great pessimism, then great pessimism is what I will necessarily convey, even if it is not what the people want to hear. Though I’m an optimist at heart (as any...
What a way to begin the week… The gold price just surged about $12 an ounce in a matter of minutes after trading began in New York while just about everything else (except, of course, the U.S. dollar and U.S. debt) is heading in the other direction.
The monthly ETF statistical bulletins have become somewhat predictable in recent months, as continued inflows into the ETF industry have been about as certain as death and taxes. So the latest figures from the NSX came as a bit of a shock; total ETF assets declined from about $835 million to $815 million during the month of August. And while much of that drop was attributable to falling asset values, the industry also saw cash outflows for only the second time this year.
Cash outflows in August totaled $1.9 billion, though that figure would have been positive...
By Chip Brian Shares of iShares COMEX Gold Trust (AMEX:IAU) are trading up 0.1% to $12.30 today on above average volume. Approximately 3.2 million shares have traded hands today vs. average 30-day ...
By Chip Brian iShares COMEX Gold Trust (AMEX:IAU) traded in a range yesterday that spanned from a low of $12.27 to a high of $12.32. Yesterday, the shares gained 0.82%, which took the trading ...
In recent months anxiety over the viability of the economic recovery has built gradually, with more and more bears seemingly emerging from hibernation with each underwhelming data release. And ...
By Don Dion 09/06/10 - 08:00 AM EDT NEW YORK (TheStreet) -- August's ETF fund flow data compiled by the National Stock Exchange (NSX) was released late last week. As usual, this data provided ...
The monthly ETF statistical bulletins have become somewhat predictable in recent months, as continued inflows into the ETF industry have been about as certain as death and taxes. So the latest ...
NEW YORK (Market Intellisearch) -- Shares of iShares COMEX Gold Trust closed above the 50-day moving average of $11.85. Technical analysts and investors who study trading patterns will view this ...
With housing markets in a tailspin, ongoing concerns over the fiscal health of developed markets, and no signs of meaningful job creation in the US, these are uncertain times. Conflicting data ...
By Business Wire 09/02/10 - 01:30 PM EDT BlackRock, Inc. (NYSE: BLK) today announced that the iShares Exchange Traded Funds (ETFs) business, the world's largest provider of ETFs, has made further ...
By Chip Brian iShares COMEX Gold Trust (AMEX:IAU) traded in a range yesterday that spanned from a low of $12.16 to a high of $12.23. Yesterday, the shares gained 0.99%, which took the trading ...
By Don Dion On the heels of Friday's lofty gains, today's sell-off still feels lousy. Even the most patient traders are starting to get edgy, and I completely understand the desire to cash out, go ...
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