Gold eased off it’s record high Monday, with the December contract ending down $2 at $1,315.50 an ounce. Lind-Waldock Senior Market Strategist Phil Streible discusses the gold market and possible strategies for traders on thestreet.com tv.
Lind-Waldock Senior Market Strategist Phil Streible shares his views on gold and where it might be headed before and after this week’s Federal Open Market Committee Meeting. The Fed meeting statement is expected on 1:15 CT Tuesday. No change in the Fed’s benchmark short-term interest rate is expected, but market participants will be looking for [...]
Consumer Prices Drop, Sentiment Sours – Reuters Euro Falls From 2-Month High After Breaking $1.300 – Reuters U.S. Copper Ends at 2-Wk Low as Double-Dip Fears Bite – Reuters Crude Settles Nearly 1% Lower as Consumer Sentiment Drops – MarketWatch Gold Slides 1.7%, Lowest Closing Level Since May – MarketWatch Cocoa Prices Rise to 10-Week [...]
by Richard Ilczyszyn Gold has hit new record-highs above $1,240 an ounce, and while I think we could see further gains, the market could also see volatile corrections. If you have a position on now on either side of the market, I think it’s prudent to hedge. Given the volatility, I see gold as a [...]
Is Gold Nearing a Top? by James Barrett Gold has continued to break records, climbing above $1,200 an ounce on the first day of December. Despite the Dubai-inspired post-Thanksgiving correction, in my view a top hasn’t arrived. The technical setup isn’t there, and I see $1,240 as the next near-term target. Gold has been a [...]
Trading Gold, Silver and Coffee by John Caruso Gold continues to push to new record highs, and the chart of gold is looking parabolic. It looks tempting to come in and try to sell this market, but it’s been tough to pick a top. I think gold will continue its bull run into the new [...]
The Case for Buying Gold by Aaron Fennell Gold has staged a breakout, hitting a new record high this week above $1,045 an ounce. I think this run is far from over and there is a convincing argument to be made for further gains in the months ahead. The market had been hovering around $1,000 [...]
Gold and Natural Gas Corrective Moves by Carol Hurley Gold and natural gas are two commodities that have been making headlines recently—although they have been moving in different directions for different reasons. I think short-term corrective moves in both markets may be in order, and may have already begun. Gold Gold reached an 18-month high [...]
Dollar Weakness Good for Gold Bugs By Stuart Kaufman It’s been an exciting and volatile couple of weeks. Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson are now in front of Congress for three days of testimony, and I expect the $700 proposed bailout of the financial system will be approved rather quickly. [...]
