Gold Takes Bugs On A Roller Coaster Ride

Aibek Burabayev - INO.com Contributor - Metals


What is fear? It’s our emotion about something uncertain or unknown as it is natural for human beings to avoid risks. Someone said that to stop fearing it is good to face it as quite often it is only our mental illusion and has nothing common with reality. Another wise person advised looking at a larger perspective to cut the noise of the market to keep above the vanity.

I took both pieces of advice and combined them into a single weekly chart below.

Chart 1. Gold Weekly: Roller Coaster – Let’s Face The Maximum Fear

Weekly Gold Chart
Chart courtesy of tradingview.com

On the multi-year chart above, we can clearly see that the global map of the market didn’t change for the past 3 years and we are still at the levels seen in the three previous years. Almost a year ago at the end of November 2015, gold hit a new low and set the new edge of the range with a fresh downside at $1046 and the upside at $1434 (August 2013 maximum). Right now the price is almost at the center of the range. Continue reading "Gold Takes Bugs On A Roller Coaster Ride"

Think It's Time To Get Back Into Gold? Think Again

By: Adam Fischbaum of Street Authority

I love James Bond flicks, preferably from the Sean Connery era. "Goldfinger" is one of my favorites. I am often reminded by the classic scene in which a captive James Bond is seconds away from being charred by a laser.

James Bond: "Do you expect me to talk?"

Goldfinger: "No, Mr. Bond -- I expect you to die!"

Quintessential 007: Ridiculous stunts and jams, sports cars, beautiful women and a dastardly, almost clownish villain -- in this case, one whose plan was to poison the U.S. gold supply at Fort Knox to create global financial chaos. His endgame? Simply to drive up the value of his own gold holdings. Continue reading "Think It's Time To Get Back Into Gold? Think Again"

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