price of gold

Stock Market Outlook Solid Based on Earnings and Valuation

By Wednesday, August 29, 2012

Stock Market Outlook Solid Based The stock market certainly isn’t going up because of stronger expectations for corporate earnings. But I think all the conservative forecasts by corporations will lead to another quarter of mostly outperformance this upcoming earnings season. Companies have consistently been able to generate good earnings, even with lackluster revenue growth. Cost cutting is paying off in terms of solid earnings results, and this is the reason why balance sheets are so … Read More

Gold Stocks Breaking Out of Their Correction

By Monday, August 27, 2012

Gold Stocks Breaking Out of Their CorrectionThe price of gold is going up, and it just crossed $1,660 an ounce. Silver crossed $30.00 an ounce. You might say that precious metals are back. You can plainly see the resurgence in gold stocks, which have really turned around from what was a considerable period of weakness. The majority of gold stocks have been trending lower all year, as the spot price has been consolidating.

Expectations for more … Read More

Gold Update: Precious Metal Stuck in the Short Term

By Thursday, August 2, 2012

Gold Update: Precious Metal Stuck in the Short TermIf you’re looking to make money playing the long side in gold, you may want to wait a bit unless you are willing to trade the range. The yellow metal is no longer in a bear market, but it is also not ready to rally much higher in the short term.

On the supportive side, we have the eurozone mess, slowing in China, and high overall market risk.

Since cash … Read More

China to Become World’s Biggest Buyer of Gold in 2012

By Friday, July 13, 2012

Gold bullion imports from Hong Kong into mainland China increased 600% in May 2012 when compared to May 2011! (Source: Bloomberg, July 9, 2012.)

China is set to take the lead from India as the largest purchaser of gold bullion in 2012. The World Gold Council estimates that China will buy at least 870 tons of gold bullion in 2012.

Just to give an idea of how large these purchases … Read More

Gold vs. the Bear Market; Will it End Happily Ever After?

By Thursday, May 17, 2012

 price of goldIn the classic nursery tale “Goldilocks and the Three Bears,” first put in written form by British author Robert Southey, Goldilocks ran when she came face to face with the bears. On the price charts, gold is also now facing a bear market; but will gold also run away and tank?

Looking at the chart of the June gold, the picture is extremely bearish following the recent break below $1,600 … Read More

Why the Pathetic New Consumer Confidence Reading Is Good News!

By Wednesday, October 26, 2011

The New York-based Conference Board’s household sentiment index has slumped to the lowest level since March of 2009… But hold on…don’t dismiss it as more bad news! It’s actually good news. Sure the U.S. unemployment rate has held at about nine percent for about 30 months now. Sure, 8.75 million jobs were lost in the recession that ended in June 2009. And, with only about two million jobs created since the recession ended, the unemployment picture is not looking good. How can consumer confidence not be taking a beating?

Precious Metals Mergers About to Take Off

By Friday, October 21, 2011

Gold bugs are feeling the pain, as precious metals continue with their slower-economic-growth correction. As well, the prospect of action on the Europe debt crisis is tempering the marketplace’s appetite for gold futures. My view is that gold and silver continue to represent some of the most attractive assets going forward over the next several years. We’re in a market where new trends take a long time to develop and we’ll likely see the spot price of gold trade around $1,600 an ounce for quite a while yet.

Strong Corporate Earnings and the
Bear Market: How it Will Play Out

By Thursday, October 20, 2011

Remember this summer when the Dow Jones Industrial Average had a couple of 400-point loss days and we heard so many stock advisors and analysts tell us we were headed straight into a second recession…that corporate earnings would plummet? Stocks fell 20% from their May 2, 2011, high and all of a sudden headlines started to appear saying that we were in a bear market.

That Gold Chart’s No Fluke

By Thursday, September 15, 2011

The precious yellow metal continues to hold up well on the price chart, as traders shift capital from the higher-risk equities to the safe-haven sanctuary of gold.

The Best Stocks Right Now?
The Ones That Pay Dividends

By Thursday, September 8, 2011

I think it’s very reasonable to say that the stock market is fairly valued at this time. A lot of news, risks and revised expectations are now priced into the market and share prices reflect all the current information. There’s good value in many stocks at this time, but the question is: how long will they remain good values? Another month or perhaps another year? Nobody knows the answer.