Our Senior Market Strategist Phil Streible discusses the correlation between stocks and gold, and events for traders to watch this week. View a clip from TheStreet tv. He said investors interested in gold may want to keep “their powder dry” and consider buying gold, perhaps e-mini futures or otions, on a larger corrective move. Futures [...]
Gold took a big tumble on Friday, closing down 5.9 percent at $1,639.80 an ounce. It was gold’s worst one-day percentage loss since June 2006 as investors sold metals to raise cash. Where do you think gold’s headed next? Visit our Facebook page at www.facebook.com/mfglobal, “like us” and cast your vote in our new weekly [...]
Gold has fallen back from its all-time highs, trading down $31 an ounce at $1,784 in mid-morning action. According to CFTC data released Friday, September 16, speculators were exiting bullish precious metals positions across the board, and gold’s price has reflected this turn. Gold is down about 3.5 percent for the month of September. Our [...]
Gold futures are lower in early trade, down more than $20 an ounce, as the U.S. dollar strengthened. Our Senior Market Strategist Phil Streible said gold could head to $1,800 in the near-term as investors are taking profits after the metal’s recent run, and other assets, including stocks, are selling off. He said he’s still [...]
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 gained steam after the disappointing June employment data and could “easily” hit $1,600 an ounce, said our Senior Market Strategist Phil Streible. He said fears Italy might be the next domino to fall in the Eurozone could also fuel a continued metals flight to safety bid, adding to gold’s 4 percent gains last week. [...]
Our Senior Market Strategist Phil Streible said he thinks the political uncertainty in the U.S. and abroad should help gold break out to t he upside in the second half of 2011. View his interview with theStreet tv and find out why he’s bullish gold and silver. Futures trading involves substantial risk of loss and [...]
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 [...]
In an interview this morning on theStreet tv, our Senior Market Strategist Phil Streible said the near-term action in gold and silver could be a bit murky. He said the stronger dollar is adding some pressure but the trouble in the eurozone is not yet over and could spark more flight-to-quality buying. COMEX August gold [...]
Gold shot up after the weaker-than expected U.S. May employment report, with August COMEX futures up $9.70 to $1,542.40 an ounce. Lind-Waldock Senior Market Strategist Phil Streible said he thinks gold is headed to $1,550, and shares his outlook in this interview with TheStreet tv.
