Tag Archive: bottom

The Market Could Have Further to Fall Before Finding a Bottom

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… The market... Continue Reading

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Is Gold’s Future Looking Brighter?

Gold could very well be in the process of making a long-term bottom. Although the yellow metal has been on its heels in recent weeks, gold has held up quite well under numerous potentially bearish circumstances. A more hawkish Fed, higher stocks and strong appetite for risk have all played a role in recent weakness. The question, however, is will it last. Some believe that gold could be turning the corner. In a recent article from Kitco.com, analysts from Credit Suisse voiced a theory about... Continue Reading