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Gold: You Better Hold Physical And Miners

Gold: You Better Hold Physical And Miners

Gold is trading near a one-year high. Bloomberg News reports that traders are pricing in only a 10% chance of an interest rate increase this month, and 50% odds of it happening by year end. As said last week, that is one of the most important drivers for gold, next to...
Why Is Gold “Suddenly” So Attractive?

Why Is Gold “Suddenly” So Attractive?

What a difference two months can makes in markets. In December, literally nobody was talking about gold. Meantime, everybody is bullish, lead by major financial institutions. Deutsche Bank is the latest major financial institution to become bullish take on gold. The...
Is Freeport-McMoRan A Buying Opportunity?

Is Freeport-McMoRan A Buying Opportunity?

The commodities complex is beaten down. Irrational exuberance is one of the words that pops up as we try to describe the scenario that is unfolding. But extreme readings offer opportunities. And we see a huge opportunity in one of the senior mining producers,...
Gold On The Move

Gold On The Move

Finally, gold is on the move. After the FOMC announcement on Wednesday, gold and bonds got a ‘safe haven’ bid. It appears investors were not really amused with the speech of Mrs. Yellen. From a long term perspective, gold did what it had to do: bounce from...
Silver Testing MAJOR Multi-Decade Support

Silver Testing MAJOR Multi-Decade Support

There are cool charts, there are incredible charts, and there is the silver chart. The long term silver chart is truly spectacular. The first chart below shows spot silver since the start of the bull market. The first peak in 2007 was quite incredible, but the second...
Gold: Great Start Of The Year 2016

Gold: Great Start Of The Year 2016

Markets welcomed the new year. Major stock markets lost between 6 and 10% in a matter of five trading days! Never seen before, the damage is huge. Gold, meantime, is making its comeback. The yellow metal went several percentages higher in all currencies. Throughout...
Fed Hikes Rates, Gold Goes Higher

Fed Hikes Rates, Gold Goes Higher

Gold and currencies reacted in a mixed way after the Fed’s announcement to hike interest rates with 25 basis points. Gold remains firm above its recent lows. It was not only gold, but also miners which reacted after the Fed’s announcement. As gold miners...