What a week for gold! Surprisingly (or not), the yellow metal has been on a tear as we enter into the heart heat of the summer months, and things certainly got a whole lot more interesting shortly after the most recent Fed FOMC meeting took place.
At the close of this week, the spot price of gold is now trading [continue reading…]
Being a contrarian isn’t easy at all… but these are the moment’s that you hope and pray for…
Gold just broke through $1,400/oz… FINALLY!!!
Hold above that level, and it’s game on…
BRIM NATION let’s go!!!
Yup, we are certainly getting there with the spot price of gold currently trading at $1,390/oz… The first “real” test? $1,400/oz of course. Now, will gold be able to get there and take it out in one [continue reading…]
Gold is getting awfully close to knocking on the door of $1,400/oz. Today, after the Fed FOMC meeting, gold started it’s next leg up breaking through heavy resistance around ~$1,350/oz range… Surprisingly (or not), the yellow metal managed to rise up and above $1,380/oz (briefly), but has since lost some steam and is cooling off a bit…
We’ll see what tomorrow brings, but like I’ve been saying, anytime [continue reading…]
Gold and silver have been ranged bound for so long, precious metals have become a rather boring sector to follow in recent years… And even though the gold/silver ratio is skewed like crazy right now, my own personal belief is that [continue reading…]
