Tag Archive: dollar index

Gold Slightly Lower

The gold market is getting hit hard in action on Thursday following significant weakness in the overnight session. The primary drivers behind the selling include weak data out of China, a higher dollar index and some corrective trade after recent gains. An apparent stall in U.S./China trade talks is not doing the market any favors, either. Chinese Data The Chinese economy continues to show signs of slowing as industrial output came out lower than expected. According to MarketWatch, the latest reading on industrial output rose... Continue Reading

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$2000 Gold is on the Way

The recent breakout above the $1450 level could potentially set the stage for a run higher to previous all-time highs near $2000 per-ounce or far beyond. Although the market may be susceptible to a near-term pullback, such a correction is not only healthy but would be welcomed by eager buyers. The upside breakout in gold is gathering steam just as the stock market looks ready to fall through the floor. Recent volatility spikes in equities could be just the tip of the iceberg, and markets... Continue Reading

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The Market Has Spoken: It’s Time to Buy

The gold market has seen quite a run higher in recent action in what could be the beginning stages of a major and protracted bull market. The market recently hit 6-year high and strong fundamentals as well as an improving technical posture could keep the metal on the offensive. Markets do not typically go straight up or straight down, however, and now may be the ideal time to look at buying big on any dips. The gold market is benefiting from several key economic and... Continue Reading

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Key Divergences Point to Higher Gold

Following some recent declines, the gold market has not accomplished much thus far in 2019. Although many of the so-called “experts” may pounce on this fact, we see it as a significant positive for the market. Not only is it a positive, but it could potentially be indicative of a major rally on the horizon. Here’s why we can count on gold resilience: Gold has endured a stronger dollar: Typically, the dollar and gold have a negative correlation. That is to say that when the... Continue Reading

Make a Plan

As the year comes to a close, there is no better time to begin thinking about and planning for next year. Significant changes in the global economy and market dynamics necessitate that investors take an objective look at their portfolios to determine how to try to stay a step ahead. Given the current economic and geopolitical backdrop, there as perhaps never been a more important time to have a significant allocation in hard, physical assets like gold. If you are thinking about making some changes... Continue Reading

Markets Sharply Higher as Trade Tensions Ease

The highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping took place over the weekend at the G20 meetings in Argentina. The two leaders had an opportunity to discuss trade and a range of issues, and reportedly came to an important agreement. The two nations effectively called a cease-fire over further tariffs that were set to be initiated on January 1st, 2019. The agreement was certainly progress considering little headway has been made in recent months. Whether the two countries can... Continue Reading

Has the Dollar Gotten Ahead of Itself?

The latest meeting of the FOMC has now come and gone. As expected, the Fed continued on its recent course of policy normalization, hiking the Fed Funds rate by another 25 basis points. The central bank still expects to hike rates again before the end of the year, likely in December. There were some key changes in the policy statement, with the central bank electing to drop the term “accommodative” from its statement. Rate expectations going forward also changed as well, and it seems overall... Continue Reading

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Back to Business

With the Labor Day Holiday weekend now in the rear-view mirror, investors will likely look to get back down to business as the month of September gets under way. With increasing trade volumes may also come an increase in market volatility. Investors appear to have gotten quite complacent in recent months as stocks have treaded water not far from previous all-time highs. This complacency, however, could lead to a significant market decline if a bearish catalyst gets the ball rolling. A primary area of concern... Continue Reading

Now is the Time

Now is the perfect time to start making a significant in physical gold. Not only that, but now is the ideal time to make such an investment using an IRA account. With the yellow metal hovering around a one year low and over 40 percent off its all-time high, patient investors could potentially be rewarded handsomely. Gold prices have been in a downtrend for several months after breaking lower from an extended trading range. Although the market could be at or near a long-term bottom,... Continue Reading

The Hits Keep on Coming

The gold market has remained under some renewed pressure, as slow summer trading conditions as well as a lack of risk aversion continue to take a toll on the metal. With so many issues currently working against the market, it is not surprising that prices have thus far been unable to rally. The dollar index has played a huge role in gold’s lack of upside in recent months. The greenback is hovering around a 12-month high still, and has thus far not shown any real... Continue Reading