Gold has been in a state of flux for some time now. After reaching a 52-week high in October of last year, gold started another multi-month decline. Along the way, the world’s second-largest ETF, SPDR Gold Shares (GLD), has fallen right along with the spot price of gold (as we’d expect). Now, when looking at [...]
As the price of gold approaches its 200-day moving average, it’s time to decide what direction the precious metal is headed. You see, the 200-day average is a key technical level. It’s highly likely gold will take a clear directional path once it moves away from the mean. So, is the yellow metal – currently [...]
It’s been an intriguing year for commodities. Over the summer, corn and other grains dominated the headlines with record high prices due to a historically severe drought. Natural gas also has gotten a lot of attention after finally reversing its steep drop. But, no commodities are more widely followed than gold and oil. As you [...]
Let’s start with the obvious… there’s no way you’re getting an ounce of gold for $4. Instead, I offer you a way to invest in gold for just $4… something near and dear to penny stock investors everywhere. We’ll get back to that in just a minute. First you need to know why gold is [...]
For a while now, I’ve been writing about the possibility of a gold rally. Actually, it’s not just me. Lots of analysts are bullish about gold these days. There’s a general belief that gold is positioned for another run higher. So where’s the rally already? It’s been several weeks since the bullish gold talk started. [...]
Like many other analysts (and investors), I’ve been waiting for gold to make its move higher. After all, with all the global event risk out there, you’d think the world’s most popular safe-haven investment would be highly sought after. There’s the European debt crisis to contend with. Iran is rattling its sabers once again. China’s [...]
Last week was an encouraging one for stocks. In fact, it was the best week of the year for the Dow Jones Industrial Average, which climbed a solid 3.6%. No doubt investors breathed a deep sigh of relief, finally having a moderately bullish week. However, as heartening as the rally was in stocks, the more [...]
Gold has been in something of a funk recently. After reaching nearly $1,800 an ounce in February, the price has dropped all the way to just over $1,600. But the pullback in gold is about to reverse. In fact, we could be on the verge of a brand new rally in the yellow metal. Everyone’s [...]
Gold’s had an epic bull run over the past seven years. The precious metal rallied from just $400 an ounce, to reach a high of over $1,900 in September of 2011… a gain of over 380%! But to quote literary legend Robert Frost, “So dawn goes down to day. Nothing gold can stay.” And so [...]
Gold is once again in the spotlight this week. But this time it was the plunging price of the precious metal making the headlines. The yellow metal nosedived 5% yesterday, the biggest one day drop since September. And while gold’s still up 8% for the year, investors are certainly stinging from the fall. Silver got [...]
Gold is back. Well, it never really went away. The shiny metal just took a brief hiatus from the spotlight. But if the recent surge in price is any indication, gold is once again front and center in investors’ minds. So what’s going on with the precious metal anyways? I’ll get back to that in [...]
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