We took a look at the charts for Gold and Silver to see what we thought the future holds for these precious metals. Since Gold and Silver currently have no problem with demand, we turned to the technical charts to see where 2012 prices would land. GOLD 2012: $1,925 We give Gold a $1,925 price... Read more
Posts Tagged ‘GLD’
Gold Shows No Sign Of Slowing Down – Plenty Of Upside To Come
August 8 | Posted by Kevin Monaghan | Top Story Tags: GG, GLD, Gold, Gold Chart, IAU, Precious Metals, Silver, SLV, Stock Charts, Support & Resistance, Technical Trade
USD Hits 3 Yr. Low On Bernanke’s Speech – Markets Rally!
April 28 | Posted by Kevin Monaghan | Top Story Tags: Americans, Ben Bernanke, Commodities, EUR, Euro, Falling Dollar, Fed, GLD, Gold, Inflation, Interest Rates, Silver, SLV, US Dollar, USDThe Chairman of the Federal Reserve, Ben Bernanke, in yesterday’s press conference gave investors no sign that interest rate raises were coming sooner than expected. With lowered expectations for GDP and slower employment growth than expected, the Fed will continue to keep interest rates low. The reaction was simple for investors. With almost ZERO... Read more
US Dollar Falls – Earnings, Metals Fly!
April 22 | Posted by Kevin Monaghan | Inside Trader Highlights Tags: AAPL, Apple, Currency, Earnings, GLD, Gold, IBM, INTC, Intel, KFC, MCD, McDonalds, Shares, Silver, SLV, US Dollar, USD, YUM, Yum! BrandsIt’s no wonder Large Cap stocks have been beating earnings. The US Dollar has fallen against many other major currencies. This could be seen as a bad thing, but traders love it. Earnings from companies like IBM (IBM), Apple (AAPL), Intel (INTC), KFC’s Yum Brands (YUM), McDonald’s (MCD), and every other company with... Read more
Gold Breaks New Highs – Could Push $1,700 By Year End
April 6 | Posted by Kevin Monaghan | Top Story Tags: ETF, GLD, Gold, NG, NovaGold Resources, PHYS, Sprott Physical Gold Trust, Technical TradeIn a recent post, Gold Breakout Alert Set To Push New Highs we were convinced that Gold looked ready to break out, and yesterday that is exactly what happened as it closed above $1,450. As you’ll see in the chart below, Gold will now use the previous resistance line as its new support. ... Read more
Gold Breakout Alert! Set To Push New Highs?
March 22 | Posted by Kevin Monaghan | Top Story Tags: GLD, Gold, Income Stocks, NG, NovaGold Resources, Shares, Silver, SLV, Technical TradeWe’ve had our radar on Gold over the last few weeks now. Gold prices are setting up for another test to push new highs, and we like the trade as the fundamentals behind Gold are still very bullish. In addition, the US markets seem to be topping out, and with an end to... Read more
