By: Adrian Ash, BullionVault London Gold Market Report THE PRICE OF GOLD dipped 0.5% Wednesday morning in London, slipping to $1,012.50 per ounce as Asian stocks closed the day lower but European…
Greg McCoach Sees $1,500 Gold This Fall
By: Greg McCoach, The Mining Speculator Post summer doldrums, we’re now beginning to see a nice fall run up in the price of gold—one that marks the beginning of a parabolic move,…
Thank the Fed For Your Lack of Purchasing Power
By: Richard Daughty, The Mogambo Guru – The Daily Reckoning In case you were wondering, there is no way to stop spending a debt-based currency once you start, which handily explains why…
International Forecaster September 2009 – Gold, Silver, Economy and More
By: Bob Chapman, The International Forecaster The following are some snippets from the most recent issue of the International Forecaster. For the full 28 page issue, please visit Bob Chapman’s The International Forecaster…
Gold Daily Technical Outlook
Comex Gold (GC) Gold’s choppy sideway trading continues and intraday outlook remains neutral for the moment. Some more consolidation could still be seen with risk of another fall to 983.2 support and…
Silver Daily Technical Outlook
Comex Silver (SI) Intraday bias in Silver remains neutral for the moment as consolidation from 17.69 is still in progress. Some more sideway trading might be seen but downside is expected to…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil’s fall from 73.16 resumes and is now back pressing 68.02 support. As discussed before, break of 68.02 will suggests that fall from 75.0 is resuming and…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Break of 3.90 resistance suggests that rise from 2.409 is resuming. Further rally should be seen to test on 4.162 key near term resistance. Break there will solidify…
Bearish Inventory Report Triggers Selloff in Energies
Petroleum inventories recorded huge increase last week, indicating persistence of gloomy demand/supply conditions in the sector. According to the US Energy Department, crude inventory rose +2.86 mmb, compared with market expectation of…
Crude Oil Dived Amid Stock Builds – Gold Was Neutral To FOMC’s Statement
Crude oil price fell to as low as 68.04 Wednesday after the US Energy Department reported huge builds in crude and gasoline inventory. The benchmark contract ended the day at 68.97, down…