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    2 26 16 gold spot price 4

    As the U.S. markets have moved sideways in the past week, gold has been in consolidation mode. Today the gold spot price is around $1,223.20 - down $9.50.

    Gold traders have done some profit-taking as the gold price has bounced in a range between roughly $1,205 and $1,235 over the past trading week. But the gold spot price has stayed above the $1,200 level, which has helped to paint an increasingly bullish picture.

    Technically, we're getting an emerging pennant pattern that will have to resolve itself before long. Will that be to the upside or downside?

    Let's look at what will determine that direction...

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The Best Gold ETF to Buy in 2016 When Prices Rebound

Gold

Buying into a gold ETF is one of our top recommendations for 2016, as Money Morning experts remain extremely bullish on gold prices.

And now is a great time to buy into a gold ETF, as Money Morning Resource Investing Specialist Peter Krauth says gold prices are set to soar in 2016...

Why Today's Gold Price Is a Great Buying Opportunity

gold

Today's gold price hit a seven-week high as fresh geopolitical concerns sparked further safe-haven buying in the precious metal.

In early morning trading, today's gold price was up $14.20, or 1.32%, at $1,092.70 an ounce. Traders are closely watching to see if the precious metal can top $1,100, a level last seen on Nov. 4.

Even with the gains, today's gold prices provide a buying opportunity...

Rise in Gold Prices Today Can't Prevent Third Straight Yearly Loss

gold price

Gold prices today (Thursday) were mostly flat, meaning gold prices are now on pace to log their third consecutive annual loss.

In early morning trading of the last session of 2015, spot gold prices today were trading higher by $1.10, or 0.1%, to $1,062.10 an ounce. That followed an $8.20, or 0.8%, decline to $1,060.10 an ounce Wednesday.

Here's what investors can expect from gold prices today and in 2016...

Where the Spot Gold Price Is Headed Next

gold price

On Sunday, Nov. 15, I watched the NY spot gold market closely to look for its reaction in the wake of the terrible Paris attacks.

Right at the open, the gold price shot from $1,085 to $1,090 as traders bought gold as a safe haven in reaction to concerns about geopolitical instability. But that was short-lived.

Here's what investors can expect from the gold prices moving into 2016...

Gold/Silver Ratio Just Another Sign Prices Are Too Low

gold price chart

The gold/silver ratio is another indication that silver is grossly underpriced.

By 2014 average prices, the gold/silver ratio was 66-to-1. That number has only climbed in 2015. As of yesterday's closing spot gold price and spot silver price, the ratio was about 72-to-1. It's not just that the gold-silver ratio is five times its historical average that indicates that it's underpriced. It's also that its scarcity in relation to gold doesn't justify such a high ratio.

Here's what that says about the price of silver today...

Why Today's Gold Price Is Going Down – September 2014

why today's gold price is going down

Today (Thursday), gold fell to its lowest level since January. There are three reasons why today's gold price is going down...

Here they are, plus the current gold price, gold futures data, and more...

The Case for Higher Gold Prices

Gold prices had gold bugs giddy in the fall of 2011. In September, the luminous yellow metal touched an intraday high of $1,920 a troy ounce, putting the precious metal up roughly 35% for the year.

At the time it seemed like investors, traders and even the guy at the corner store were all buying, hoarding, and lusting for gold.

But the stellar gains were short lived, and by the end of the year gold prices had fallen by nearly 20%.

Part of the striking decline in gold was due to the fact that the "smart" money that had once been amongst gold's biggest cheerleaders, sold it.

Some booked profits, some sold it to reflect gains in portfolios, others were forced to sell to meet margin requirements, and others wanted to start the New Year with a clean slate.

Gold Prices in 2012

Enter 2012, and gold prices enjoyed a lustrous January, rising some 10%, helped in particular by Chinese New Year celebrations.

Gold has since languished as investors became more willing to take on added risk, delving more into equities. While gold prices foundered, the Dow rose 8% in the first quarter, the S&P 500 gained 12%, and the Nasdaq enjoyed a nearly 19% gain.

And more recently, not even gold's best friend, Federal Reserve Chairman Ben Bernanke, offered up much help.

Following the commencement of the two-day FOMC meeting last week, gold experienced a volatile day, but managed to end virtually flat from the previous trading session. The Fed left interest rates steady and extinguished hopes for immediate further monetary loosening measures.

Without a promise of more quantitative easing, long gold holders headed for the exits.

Nonetheless, many sophisticated gold traders are poised to pounce on gold with every dip.

Among them is the storied and accomplished commodities investor Jim Rogers.

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How to Hedge Gold

Gold prices have had a phenomenal run over the past year, but the distinguishing feature of the market in recent weeks has been extreme volatility - volatility that has many investors nervous about protecting the big profits they've rolled up and looking for ways to hedge gold.

Now, we don't advise jumping off the gold bull's back just yet - especially since Money Morning's leading gurus see a gold price climb to $5,000 possible over the long haul. But you may want to consider taking out a little short-term "insurance" on your precious metals profits.

In fact, we suggested readers do just that in the Aug. 22 issue of Money Morning Private Briefing. We even went a step further and issued step-by-step instructions for a gold-hedging strategy.

Just two days later, on Aug. 24, gold suffered its third-worst down day in history, plunging 5.6%.

Readers who took our advice reaped windfall profits as a result. And now we're giving you the same opportunity.

We're back today with another strategy to help "insure" your gold profits.

The Secret Way to Hedge Gold

The only thing you need to do to hedge gold is follow this simple options strategy.

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