To no surprise, the Fed noted it “may keep adding temporary money to markets for longer than policy makers had expected”… by Ryan McMaken of Mises Institute The Fed announced on […]
The post A Fearful Fed Keeps Pouring Money into the Repo Market appeared first on Silver Doctors.
What in the world are the Iranians thinking? After President Trump decided not to respond militarily, instead of Iran “standing down”… by Michael Snyder of The Economic Collapse Blog What in […]
The post Iranians Promising More Military Action Against U.S. Forces (And That Would Spark WWIII) appeared first on Silver Doctors.
Stocks finished the day after Thanksgiving moderately lower. Gold, on the other hand, finished the day with strength, up nearly $9 per ounce on the session. Of course, lower stocks and higher gold could be due to a wide variety of reasons. The day could, however, be indicative of trends to come.
The day’s upside in gold puts a little distance between the market and chart support in the $1450 area. Another dip towards $1450 could, however, see further buying interest and perhaps even a major reversal in gold’s recent trend lower. The yellow metal has been trending lower for the last several weeks now, after failing to revert to previous upside pressure that took prices well above the $1500 level, albeit briefly. For those paying attention, any significant dip in the price of gold could be very welcome opportunities to add more gold to their portfolios. There are several catalysts that could take the gold market sharply higher in the years ahead.
The end of the current equity bull market could lead to capital looking for alternatives. A Trump impeachment or election loss could lead to the same. The ongoing U.S./China trade war, if it continues, could also lead to risk aversion, lower equities and even recession.
Whatever the actual catalysts may be, the gold market could cover a lot of upside in the months and years ahead. As the only real form of money there is, gold could stand to see strong upside as further QE and borrowing reduces the value of fiat currencies. Not only that, but many governments could have little or no choice but to debase their currencies if debts rise further. Some might suggest that the writing is on the wall. It is up to you, therefore, to act.
Building a significant allocation in gold has never been easier, and perhaps never more important. Speak with an Advantage Gold account executive today about the potential benefits of gold ownership and to learn more about the key role it may play in the years and decades ahead. Our associates are here to answer any questions you may have and can even show you how simply it is to build a strong allocation in gold using an IRA account.
Don’t wait for the next major stock market collapse or for gold to take off without you before acting. Explore your options for gold ownership today. Call Advantage Gold at 1-800-341-8584 to get started now.
The post Buy the Dips appeared first on Advantage Gold.
The gold market s lower again today as some surprising economic data has caught the markets off-guard. In recent trade, spot gold was down nearly $7 per ounce at $1454.60 for the day. The market has continued to hold above support in the $1450 area, but another test of this area could potentially lead to a fresh leg lower in value. The market could even look to test the $1400 region before finding more willing, long-term buying interest.
And that is just fine…
Markets do not, however, typically go straight up or straight down. They tend to move in waves. These waves may be seen as trends higher followed by significant pullbacks followed by a resumption of the original trend. Put another way, the gold market may simply currently be in the pullback stage before resuming its trend higher. If that proves to be the case, the lower the market goes in the meantime, the better. A dip down to $1400 or so could potentially provide fresh buyers with a great value and could also provide them with a quick profit if prices stabilize and start to ascend again.
It should not be viewed as a short-term play or trade, but rather a position that you intend to hold for several years or even decades. Just as it has taken stocks a decade to get to current levels, it could take several years or longer for gold to reach $5,000, $10,000 or more per ounce. If it does, however, the patient investor stands to be handsomely rewarded.
Although no one can see the future, successful investing may involve an inclination of what may come around in the months and years ahead. Taking an objective look at modern financial markets and the global economy, it may be difficult to justify a vote against a major global recession, further central bank easing and a weaker dollar. These are three factors that could potentially exert a very bullish effect on the gold market and could potentially act as the major catalyst for sharply higher prices ahead.
The market could have further to fall before finding a bottom. The Chinese slowdown, the weaker U.S. data and a Fed that has reversed course in a short period of time-going from hawkish to dovish-could all point to economic and market challenges ahead. Given these warning signals, and the variety of economic and geopolitical issues currently being faced, now may be the ideal time to diversify with alternative asset classes. Physical gold should be at the top of your list.
Adding gold to your holdings has never been easier, and perhaps never more important. Just pick up the phone and speak with an Advantage Gold account executive today about the potential benefits of gold ownership and to learn more about the key role it may fill going forward. Our associates are here to answer any questions or concerns you may have and can even show you how simply you can build a significant allocation using an IRA account.
Don’t wait for the next official global recession to take stocks sharply lower before acting. Explore your options for gold ownership today. Call Advantage Gold at 1-800-341-8584 to get started now.
The post The Market Could Have Further to Fall Before Finding a Bottom appeared first on Advantage Gold.
The gold market is off to a slow start this week as stocks and risk assets see a heavier bid as the new trading week gets going. Although the news and headlines may sound a bit rosier today, for the most part the news simply appears to be more of the same that has driven equity markets for several months now.
The report also noted that those rights must be protected. Intellectual property rights have been a major sticking point in the ongoing U.S./Chinese trade negotiations for some time now, and an agreement could help pave the way for a phase 1 agreement being reached, possibly before the end of the year.
In addition to the Chinese document, Robert O’Brien, a U.S. national security advisor, said over the weekend that a phase 1 deal could potentially be reached before 2020. O’Brien did, however, also reiterate the notion that the U.S. would not be willing to turn a blind eye to other Chinese activities, including Hong Kong unrest and the South China Sea. His comments, combined with the Chinese paper, appear to be fueling appetite for risk as the new trading week gets under way. It is important to keep in mind, however, the fact that this is not the first, nor likely the last, time that positive commentary has driven market action. This has happened several times over the previous months, and each time the trade war has again weighed on stocks and overall investor sentiment. This time may prove to be no different for the week ahead.
Spot prices are slightly lower in mid-morning trade, falling by some $2.30 per ounce to $1458.80. Price action is fairly slow thus far today, however, and the market may trade sideways the rest of the session barring any other new developments on trade. The bulls have thus far been able to hold the $1450 region, but another test of that area could be seen this week. A breakdown below $1450, on a closing basis, could spell trouble ahead for the yellow metal as more bears could look to get into the market on further weakness. Another successful defense of that area, on the other hand, could potentially assist the bulls in taking prices back towards the $1500 area.
The gold market has been in a downtrend on the daily chart for several weeks now, and any significant rallies could be sold into. The bulls need to take prices back above the psychologically key $1500 level in order to attract further buying interest. The bears will look for a close below $1450 and then the $1400 area to confirm further downside.
The current state of range bound price action in gold could take some time to work itself out. Although stocks have been moving further into fresh all-time high territory as appetite for risk has increased, there are still several, major issues that could keep gold on the offensive in the months and years ahead.
The post The Week Ahead appeared first on Advantage Gold.