Long-Term Prospects Good for Gold Bugs
by Dan Pavilonis
Gold has rallied above $1,000 an ounce this month, and I think prospects look good for the bulls. The market could be forming a short-term top, however, and I see a correction likely to give investors an opportunity to purchase at lower levels. Heading into 2010, I think [...]
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 on September 11, 2009, [...]
Futures Market Outlook
by Blake Robben
Usually when the markets show hints of bubbling or topping action, the moves are parabolic and the angles we see on charts are very steep. While we clearly saw that in crude oil last year, I don’t see that pattern yet in gold. I think gold, crude oil and the S&P [...]
Gold and Silver Watching Stocks, Looking Bullish for Bugs
By Greg Perlin
Historically, gold has been viewed as a safe-haven investment and an inflation hedge, and has risen when the stock market and the dollar are bearish. However, we have seen a shift in that correlation as gold and silver have both been holding up well amid [...]
Head-and-Shoulders Pattern Forms in Gold
by Mike Marshall
After the recent uptrend, the gold market has met stiff resistance above $1,000 an ounce and has traded its way into a head-and-shoulders reversal pattern. With the top of the head around $1,010 and the neckline near $890, a head-and-shoulders reversal projects a move down to $770 in the [...]
Treasuries, stocks and commodities from soybeans to silver staged big breakouts after the Federal Reserve announced plans to buy $300 billion in Treasuries and $750 billion in mortgage-backed securities. April gold futures surged above $950 an ounce and crude oil rallied above $50 a barrel.
MF Global Research Analyst Nick Kalivas said the Fed’s [...]
Gold Bugs Back as Swiss franc Safe-Havens Unwind
By Richard Ilczyszyn and Phil Streible
The Swiss franc has taken a nosedive this morning, and at the same time, gold has sparked. It appears to us that some of the safe-haven buying in the franc is being unwound rapidly amid a Swiss interest rate cut and likely currency [...]
In case you missed it, you can now view an archive of yesterday’s “Friedman’s Futures Forecast” webinar. Lind Plus Senor Market Strategist Jeff Friedman shares his view of the major financial and commodity futures markets for March. In his view, major trends in place in February aren’t likely to shift just yet–namely stock market bearishness [...]
Gold futures pressed above $1,000 an ounce on Friday, February 200, 2009, but have stalled out a bit since. The April contract was last down $10.40 at $984.60. Lind Plus Senior Market Strategist Richard Ilczyszyn said the chart of April gold appears to be shaping into a bullish pennant, which could suggest an upside breakout [...]
