Is Gold Getting Precious Again? (GLD, GDX, GDXJ)
Since hitting a new high of more than $1,430 on December 7th, the price of gold has settled down again (sort of) to around $1,385. There appear to be several factors at…
Since hitting a new high of more than $1,430 on December 7th, the price of gold has settled down again (sort of) to around $1,385. There appear to be several factors at…
Goldman Sachs periodically updates its outlook on sectors and the economy with a one to two-year horizon. Yesterday’s upgrade of economic output in 2011 is accompanied by some interesting aspects for commodities…
Gold is hitting record highs now that we are seeing above $1,400.00 per ounce on COMEX. The translation to all gold producers is that production is that much more profitable. Exploration companies…
Earlier this week we wanted to look for some sort of implied value in shares of gold stocks that had either underperformed the sector and those which were actually at substantial discounts…
Whether we are in a bubble or not is still an outstanding issue, but many of the gold miners and producers are seeing their stocks now trading above what is the consensus…
Gold is a currency on fire. Currencies are losing their value against hard assets as it seems most nations are devaluing in a race to zero. Gold is now above $1,300.00 per…
Gold has effectively decoupled from everything. Markets rise, gold is up. Markets fall on uncertainty, gold is up. Dollar strength, gold is up. Euro strength, gold is up. Oil falls on demand,…
Over the past year, gold prices have jumped by about a third, from around $900/ounce to over $1,200/ounce. And while the ETFs that track gold bullion and gold miners are showing gains…
The US dollar and commodity prices are supposed to be inversely related, or so we saw during so much of the last 2009 gold rally. Quite simply, global commodity assets quoted in…
Gold was supposed to keep eroding, or so its chart was indicating, earlier this week. But the weakening dollar vs. euro trade coming back and variations of rumors that China was buying…
It has been hard to not notice the sideways trading action in gold of late. Sure, you have the potential decline of the Euro, the rising dollar, mixed economic data globally, China…
Gold has been on a tear and has performed better than stocks in recent years. But we have now seen a pullback and gold is back under $1,100.00 per ounce. While you…
Jim Cramer continued on his theme stock picks for 2010 on CNBC’s MAD MONEY tonight. We have already heard Cramer’s theme picks for homeland security, technology, ADRs, and for energy shortages. Tonight…
If there was a single trading event for investors, traders, and speculators from early October to early December, it was not stocks and was not bonds. It was not even the bet…