Spot Prices and News Summary
Realtime Spot Charts
Market Brief: Stirrings of a multi-year bull market
07/27/2014 Gold sold off during the first 4 days of last week and recovered on the best volume of the week on Friday, auguring well for a rally ahead. We suggest that this is the time to buy and hold, regardless of market volatility rather than to try to trade a difficult market. Shortcovering will fuel the rally, and investors not on board now may end up chasing the market, then buying high and selling low. Silver is still lagging and so is the metal to accumulate on weakness. We will be holding a core balanced portfolio of miners and physical precious metals over the months ahead as prices rise.
Gold’s Strong Season Starts
“In the coming weeks Asians will once again start flooding into gold in droves, forcing its price higher.” — Adam Hamilton for Zeal. Read it.