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Wednesday
Sep102014

Precious Metals Record Losses as Dollar Rises

The US dollar is going strong, but as many gold bugs know, that isn’t great news for the gold price.

The yellow metal dropped below the $1,250-per-ounce mark today, with silverplatinum andpalladium all following the downward trend

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Tuesday
Sep092014

Goldcorp Inc CEO says gold price plunge to $900 would be an opportunity, not a disaster

The chief executive of Goldcorp Inc. is not fretting over lower gold prices this year and says he would view any price declines as an opportunity to buy assets.

In an interview with the Financial Post on Friday, Charles Jeannes, president and CEO of Goldcorp, spoke about the company's growth prospects in the next year.

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Monday
Sep082014

China gold demand picking up again?

The latest gold withdrawal figures from the SGE suggest that wholesale Chinese gold demand may be picking up again well after a run of several poor months.

Author: Lawrence Williams

LONDON (MINEWEB) - 

One of the depressing factors with regard to the gold price so far this year has been the reported fall-off in Chinese gold demand, although by world standards it remains pretty healthy. But there are now signs that it is beginning to pick up again.

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Thursday
Sep042014

Goldman Sachs: Gold will drop $200 by end of year

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery on Thursday continued to drift lower, trading at a near 3-month low.

In afternoon trade gold was changing hands for $1,266.00 an ounce, down more than $4 an ounce compared to yesterday's closing price.

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Tuesday
Sep022014

Will Gold Still Go to $5000?


Yes – to answer a lot of questions. We still see the future rally in gold reaching the $5,000 level. Keep in mind this requires an asset rally. Those who tout the German Hyperinflation omit the fact that ALL tangible assets rose not only gold and the replacement currency people accepted was backed by real estate not gold. So the rally in gold will be part of an asset rally – not gold by itself, which has never taken place even once in history.

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Tuesday
Sep022014

SKOT Makes 49.40% in 7 Days Trading SPY Call Options

On 18th August, stocks were well off their highs and headlines were riddled with concerns about Europe and the Ukraine. We bought March 2015 calls on the S&P 500 ETF SPY, with a strike price of $215 for $0.83.

Just 7 days later the stock market had soared to new highs and we sold the calls at $1.24, banking a profit of 49.40%!

Through careful timing and analysis of both the fundamental and technical factors at play, we were able identify what we believed was a prime trading opportunity where the risk reward dynamics were strongly in our favour.

In our update sent to the subscribers of SK OptionTrader that week we said;

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Monday
Sep012014

Gold: The thin end of the wedge

Background

Gold had a horrendous year in 2013 disappointing many of its supporters; however, 2014 started brightly bringing with it much hope for an attempt at achieving new record highs. Gold prices moved quickly from the $1200/oz level to flirt with $1400/oz by mid-March. The summer brought some confusion with gold rallying and falling without much in the way of conviction in either direction. As optimists we can argue that the summer doldrums arrived to take the steam out of the market and that better times lie ahead. The pessimists suggest that gold is struggling to gain some traction and will head lower in the near future, so we will take a brief look at some of the factors that affect gold’s movements.

Factors for consideration regarding the purchase gold: 

Back in June 2006 we

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Sunday
Aug312014

Gold at $2000?

QUESTION: Marty, do you think it is even possible for gold to close at $2,000 by year-end? This just seems to be the same story over and over again.

Thanks

SK

ANSWER: Sorry, no. Here is a chart of gold back to 1264. There is not even a pattern like that, which has EVER taken place. I am really at a loss why gold analysts keep proclaiming the same thing costing people their life savings.

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Thursday
Aug282014

German Finance Minister Tells EU Leaders: Free Money Party's Over

 

Angela Merkel

Has Germany had enough? Hot on the heels of Mario Draghi's 'demands' that EU leaders undertake "structural reforms" to boost competitiveness and overcome the legacy of Europe's debt crisis, German Finance Minister Wolfgang Schaeuble unleashed perhaps the most worrisome statement tonight for all the free-money-party-goers - the music is about to stop. In an interview with Bloomberg TV, Schaeuble blasted "Europe needs to find ways to foster growth,"

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Wednesday
Aug272014

Gold Shines Most in September on Seasonal Buys

By Nicholas Larkin

Gold investors hurting from prices within 1 percent of a two-month low can find solace from history showing the metal tends to perform best in September.

The CHART OF THE DAY shows bullion averaged gains of 3 percent each September over the past 20 years, beating next-best month November, when prices rose an average 1.8 percent. Gold reached $1,273.14 an ounce on Aug. 21, the lowest since June 18.

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