Gold has benefited this year from investor safe-haven buying during numerous periods of economic and geopolitical uncertainty. In the past few months, however, gold has seen periods of heavy selling despite a lack of resolution of the debt and employment problems plaguing Europe and the U.S. Gold has declined about 13 percent since touching a [...]
Our Senior Market Strategist Phil Streible appeared on CNBC this morning and shared his insights on gold. He said he believes gold is likely headed to $2,000 an ounce, but may not come as fast as some bugs are predicting. He also discussed Venezuela’s gold mining nationalization plan and its impact on the market. In [...]
Gold has been hovering around $1,500 and waiting for news surrounding Greece for direction. Our Senior Market Strategist Phil Streible said gold’s next move is a “tough call” and will depend on whether or not Greece approves austerity measures to secure a 12 billion euro aid package. He said if gold’s safe-haven bids start to [...]
Our Sr. Market Strategist Phil Streible said although buying in gold has been a bit muted in the wake of global uncertainties, a flight-to-quality should push prices up to $1,650 by year-end. View his thoughts on this clip from theStreet.com tv.
Our Senior Strategist Phil Streible gives his insights on gold and silver in this interview with The Street tv. He says gold and silver may be overbought short-term, but still look bullish long-term.
by Tim Haberkorn A lot of investors are shaken by the volatility we’ve seen in the markets recently, particularly in metals. Year-to-date, gold is down 5 percent, silver is down 11 percent, and copper is down 2 percent. Trading commodity futures carries unique risks, and these volatile conditions create unique challenges to traders and investors. [...]
by Phil Streible Gold has backed off a bit after reaching new record highs above $1,400 an ounce this month, but I think the bullish trend for gold should remain intact in 2011. This temporary correction in metals offers a good opportunity to take advantage of the next potential move up with a savvy long-term [...]
by Phil Streible The recent pullback in gold to below $1,200 an ounce looks like a good opportunity for bullish investors who may have missed the move up to consider buying at cheaper levels. A bull call butterfly spread can be an appealing strategy for bullish investors looking for defined risk. Gold can be considered [...]
by Aaron Fennell It’s been a challenging few weeks for commodities traders. There has been a flight to the U.S. dollar, which has caused corrections in many commodities, particularly gold. The Canadian dollar has been pressing lower and futures broke support at 94c last week. However, I think there are reasons to be bullish both [...]
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 [...]
