Gold Prices

Today's "Gold Convergence" Is Your Best Buy Signal Yet

We've been recommending gold shares for months now, ever since prices collapsed in April. But timing's getting critical, because now the market is telling you gold is set to surge...
The first piece of evidence hit my radar on August 1st, moments after Barrick Gold released its $8.7 billion "news." (More on that in a minute.)
The Commitment of Traders report - perhaps the best leading indicator for gold prices - delivered the second piece of evidence: a staggering 70% spike in "red flag" futures trading. And the third and fourth pieces of evidence just arrived.
But before we look at each of these events in detail, here's what you need to know:
Any one of these indicators is bullish on its own. So when all four signals flash at once, please don't wait.
A "Gold Convergence" like this hasn't happened in 12 years...

Experts Predict 30-Day Window for Gold

We've been studying the resource markets - and gold in particular - for over 30 years. And have seen almost every cycle the yellow metal has gone through.
One thing is certain in our opinion: International investors, central banks and corporations are all looking to buy gold... And these slow summer months are likely providing the best price.
Asian investors, especially in China and India, are buying coins and bullion like mad. Sales are up 22% annually in China and 52% in India.
Gold analyst Jim Willie put it best when he said: "The migration of gold from West to East is the grand story of the decade." They know, as our dear friend Richard Russell recently reminded us, that gold and international power still go hand in hand.
Beyond the obvious demand, history is also on gold's side. Gold's movements are in line with historic trends, never mind what the no-nothing, hand-wringing Cassandras are saying.
In fact, we believe this is a unique moment in history to get gold on the cheap, and take advantage of before the end of summer.
Of course, the ongoing "tapering talk" from the Fed pushed gold down sharply. That's because if the Fed stops stimulating the economy, an inflationary outcome is unlikely, especially if it's combined with higher interest rates that boost the value of the dollar. That's bad for gold.
What's more, there may be darker forces at work as well. There's a distinct possibility the gold market was manipulated [Editor's Note: here's who did it].
Yet the bottom line is that nothing material changed to justify a $700 drop in gold prices from over $1,903 in 2011 to almost $1,200 earlier this month.
In fact, this 36% fall is clearly...
Read on to see the forecast for gold prices...

It's Time to Climb Aboard the Oil-by-Rail Boom

Rail transit is about to make you some big money...in oil.

That's why I'll be headed to Dallas in late August and Calgary mid-September for extensive meetings with all of the key players.

I can promise you, that in a hurry this is going to get a lot bigger.

As it happens, I'll be providing all of the details for average investors to profit from this monumental change.

Let me explain to you how all of this has suddenly come about...

Why Gold Prices Are Rising Now

gold price trends 2014

On Monday, gold enjoyed its biggest one day jump in more than a year. It hit a four-week high as the precious metal staged a rebound. Gold finally broke through the $1,300 an ounce technical resistance level and finished above $1,335 an ounce.

Short-covering by technically-oriented traders and the perception that the Fed will continue QE for the foreseeable future are the short-term answers as to why gold had such a strong day. But there are solid fundamental reasons as to why gold should and will recover in price in the months ahead.

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Stock Market Today: How Will Gold Follow Its Biggest Gain in a Year?

The stock market today is flat in morning trading with investors focused on earnings and gold this week.

Today's stock market follows a mild day Monday as investors awaited earnings from Netflix Inc. (Nasdaq: NFLX) after the close, and a flood of earnings later in the week. But the S&P 500 Index still managed to eke out another record close

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7 Reasons to be Bullish on Gold

Gold bars small

What's going on with gold prices?

With the price of the yellow metal near two-year lows through much of 2013, some investors wonder whether the price decline will continue.

Is this a bear market for gold or will it rebound?

A new report from analysts at Incrementum AG in Liechtenstein says there are good reasons to be bullish on gold, which was trading Wednesday at about $1,252 an ounce.

In fact, the report, titled "In Gold We Trust 2013," set a 12-month target for gold prices at $1,480 and a long-range target at $2,230.

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Why Gold is Down Today

Can a continued reaction from the Fed be why gold is down today - a week after the FOMC meeting?

Both gold and silver tumbled to near three-year lows in overnight trading.

"Actually, I think we've got multiple factors at work here," Money Morning resources expert Peter Krauth told us when we asked him to explain the 4.13% ($52.80) fall in gold prices today.

"First, it's an ongoing reaction to the Fed," said Krauth. Last week Team Bernanke sent stocks and gold tumbling on the idea that the Fed's quantitative easing measures could taper by year end.

"Second, rising interest rates create a bit more opportunity cost for owning gold," continued Krauth. "Third, we're in summer now, a seasonally weak period for gold, and finally, there's ongoing apathy for gold as official inflation remains tame."

Official government-reported inflation is 1.7%.... Although you probably would argue otherwise if you've been grocery shopping recently. That's still below the Fed's 2% target.

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Why Gold Prices Are Going Down Today

The answer to why gold prices are going down today isn't hard to find - it's a testament to the power behind Fed Chairman Ben Bernanke.

Comex August gold fell $76.50, or 5.56%, to 1,229.50 in early morning trading Thursday. The August contract traded as low as $1,285.00 in overnight trading as the U.S. dollar rose to the highest in more than a week against six major currencies.

Gold prices plunged Thursday to near three-year lows as precious metals investors took a "risk-off" stance following Wednesday's FOMC meeting. Bernanke announced that the current $85 billion worth of monthly bond purchases could slow near the end of this year, and end in 2014, if the economy keeps improving.

He said interest rates could increase "far in the future."

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