Gold

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    There's a Big New Reason to Buy Gold Now

    By , Chief Investment Strategist, Money Morning • @ShahGilani_TW -

    The tension between the bulls and the bears is really strong right now.

    Stimulus hopes and fears, political chaos and certainty, coronavirus spikes and potential therapies - all of it is playing out in a huge battle royale that's had the VIX trading in a range between 27 and 29 all week.

    My experience tells me that, in the long run, the bulls will win out. All the ingredients - like a shrinking supply of stocks and easy monetary policy, to name just two - are there for the run higher to continue, likely for years to come.

    But for now, we've got to contend with volatility, and maximize every opportunity it offers. If you've been with me for a while, you'll know we're selective about where we invest in the calmest markets, but right now it's especially critical.

    That's why I'm going to share my thinking on the yellow metal right now, and show you an easy buying strategy...

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There's a Big New Reason to Buy Gold Now

By , Chief Investment Strategist, Money Morning • @ShahGilani_TW -

The tension between the bulls and the bears is really strong right now.

Stimulus hopes and fears, political chaos and certainty, coronavirus spikes and potential therapies - all of it is playing out in a huge battle royale that's had the VIX trading in a range between 27 and 29 all week.

My experience tells me that, in the long run, the bulls will win out. All the ingredients - like a shrinking supply of stocks and easy monetary policy, to name just two - are there for the run higher to continue, likely for years to come.

But for now, we've got to contend with volatility, and maximize every opportunity it offers. If you've been with me for a while, you'll know we're selective about where we invest in the calmest markets, but right now it's especially critical.

That's why I'm going to share my thinking on the yellow metal right now, and show you an easy buying strategy...

This Is the Key to Long- and Short-Term Gold and Silver Gains

By , Technical Trading Specialist, Money Morning • @DRBarton_Stocks -

Precious metals like silver and especially gold have had a stellar year, to put it mildly.

The physical bullion-backed SPDR Gold Trust ETF, probably the easiest way to invest in gold, is up more than 30% this year.

If you bought it at the March bottom, you'd be up even more, nearly 37% or so.

Since the last great gold bull market ended in 2011, this is the most movement (and most profit) gold investors have seen.

It's undeniably exciting.

Thanks to the bull run, gold seems to be everywhere; Wall Street is talking about it again, ads for gold are everywhere on television, and mobile app-based traders are piling in.

In the long term, they're absolutely right: Gold and silver will keep rising, and I'll show you why.

But do not join the crowd. At least not yet. What's unfolding right now will burn many overeager traders before it creates a big buying opportunity.

The real short-term opportunity I'll show you in a minute holds even bigger profit potential, and it won't be long in coming...

The Smart "Low-Risk, High-Profit" Way to Own and Trade Gold Right Now

By , Special Contributor, Money Morning -

Gold, the oldest protective play there is, is new again. Coronavirus is tightening its grip on the U.S. economy. Did you see the second-quarter GDP numbers? A record-breaking 32% contraction.

The third quarter should be at least a bit better, at least on paper, but with the pandemic no one I know is staking much on that.

No wonder the yellow stuff just hit an all-time high of $1,971 and change just this past Monday. That's a gain of a bit more than 27% for 2020, and 36% for the past year.

I don't think the run is over - not by a long shot. Some conservative analysts are saying gold could top $2,000 an ounce before the year is through. I think that's just like how it sounds: conservative.

At this rate, it's not out of the question to think it could top $2,000 way before Labor Day.

Every investor should have long gold positions right now. They'll be protected, sure, and they'll see some appreciation - even more as the toppy market rolls over and the dollar weakens further.

But here's the thing: For as many investors as are rushing in right now, I'd bet very few will realize how to play gold, let alone maximize their gold profits in this climate.

So, before you go out and by so much as a gram, make sure you read this, and make these exact moves...

My Favorite Way to Play Gold's 20% Upside Potential

By , Quantitative Specialist, Money Morning -

Gold is trading higher by about 15% year-to-date; a global pandemic and widespread economic destruction will tend to drive investors toward the safe havens.

And with no end date on COVID-19 and the increasing likelihood of a lurch down to March lows, there's plenty of headroom for more gold gains.

And that makes right now the perfect time to make this smart move.

For the past month or so, gold is trading around $1,700 and $1,775.

In fact, our Chris Johnson believes $1,700 is a technical floor, or a "launch pad" from which gold can rocket higher - 15% or even 20% from here.

So yes, this is the right time to own gold.

But you don't have to be content with those profits alone.

Make sure you're holding these gold shares before gold moves another cent higher...

How to Start Buying Gold to Hedge Your Portfolio

By , Associate Editor, Money Morning -

We've entered a bear season.

Securities have fallen 20% from recent highs.

And it seems the markets get more uncertain with each day COVID-19 is around.

The spread of coronavirus is called a "black swan event."

It's the word for an unpredictable scenario that creates a more erratic market than normal.

Well, the gloom of a word like "black swan" isn't lost on anybody right now.

The CBOE Volatility Index (VIX) is up above 60.

For perspective, the VIX has barely broken 30 in the last 10 years.

What this means is, unfortunately, most people don't know what's going on.

Or what's going to happen.

But let's not forget, even in times like these, there is a right way to handle your money.

Read more...

Why the Price of Gold Could Hit a Record High in 2020

By , Money Morning -

The price of gold is up by an impressive 20% since Thanksgiving last year.

That's even a bit better than the S&P 500, which has climbed about 19%.

I'm thinking gold could hit the $1,700 level in 2020 thanks to a catalyst we haven't seen since 1999.

But that's not the only thing driving gold prices.

Movement in the price of gold has largely been unnoticed by the average investor.

The big money, however, has been very active in the gold market.

Read more...

Why the Price of Gold Is Fighting Back

By , Money Morning -

Has gold finished correcting? That's the big question facing gold investors right now.

The price of gold was red-hot this summer, with 22% gains in just three months.

And while the gold price has since pulled back about 4%, it's looking especially resilient in the face of a robust dollar.

In fact, the U.S. dollar index is at two-year highs, while the gold prices have regained six-year highs.

Read more...

The Price of Gold Is Poised for Its Biggest Rally Yet in 2019

By , Money Morning -

With the price of gold finally hitting pullback mode, some pundits are calling for an end to its rally.

First, we'll show you why they're wrong.

Then I'm going to share some of my favorite gold stocks to ride the coming wave.

The gold price might be in a correction phase, but it's preparing to soar over the next few years.

And this ascension is coming sooner than you think.

Read more...

We Predicted This Gold Price Jump; Here's Where It's Going Next

By , Money Morning -

In last month’s update, I said I wouldn’t be surprised to see gold price at $1,500 before the year is up.

And it only took three weeks to get there.

Now, while there’s potential for some correction along the way, I have reason to believe the price of gold is aimed at $1,600.

But we’ll start with why gold is up $100 in the last month.

Read more...

Why the Price of Gold Could Reach a Five-Year High of $1,500

By , Money Morning -

Just 30 days ago, gold was still trading below $1,340, and yet gold bugs were enamored.

Today, there are many indications the price of gold is ready to soar well beyond the $1,400 mark.

Gold certainly could sense when the Fed was about to telegraph its potential return to easing through lower rates.

In the first half of June, the price of gold had already moved up by $60, or 4.7%, from $1,280 to $1,340.

Since then, gold has re-tested the $1,400 level as traders have been taking profits. What was once the ceiling for gold price is quickly becoming the floor.

Read more...

After a Six-Year-Long Hiatus Below $1,400, Gold Has Finally Reclaimed That Crucial Level

By , Money Morning -

Gold is finally back! In the past month, the metal is up $100, and it's up over 20% since its August lows of last summer.

Although the Fed's recent signal of a possible rate cut has helped drive gold higher, it's reacting the way it always has by attracting investors as they seek shelter from economic and geopolitical storms.

And today, Peter's going to show you the best way to play the metal of kings...