Gold News
Detlev Schlichter, the author of Paper Money Collapse recently appeared as a guest on The Keiser Report. The entire interview as always is well worth a watch but it was Detlev’s comments on gold that caught our eye. whether the price of gold is manipulated on not is difficult to say, i don’t want to [...]
After the recent drop in gold and the rise in the FTSE (reaching its highest level in in 12 years no less) with thought it would be worth while to look again at this ratio and see where we stand. First off some historic perspective. The chart below looks at more than 75 year’s worth [...]
Last week we warned that if the 200 week moving average didn’t hold then it would be a quick trip down to the $1380 area: Currently the 200 week moving average is sitting at $1443 which is exactly where gold sold-off to today. We’ll have to wait and see to see if this level will [...]
Today we got the Bank of England’s Quarterly Inflation Report where the BoE ‘forecasts’ what it expects to happen with CPI inflation in the UK over the coming months and years. We put ‘forecast’ in inverted commas because as we showed here the BoE’s forecasting skills aren’t exactly what you’d expect from a premier central [...]
Whilst some bureaucratic pen-pusher in Whitehall might have been able to make the UK’s double-dip recession go away, he’s having a much harder time creating jobs and is absolutely failing miserably at producing any wage growth of any note in the UK. Today we got the release on the state of the Labour market in [...]
Hot on the heels of UKIP’s very successful local elections in the UK – basically confirming UKIP as the main third party in the UK after the Lib Dems were pushed into a very distant fourth – come’s its leader, Nigel Farage, with a mighty spring in his step, and a more serious tone than [...]
After the ‘fudge’ before Christmas, the one where the Bank of England arranged to send interest payments received FROM the government back TO the government, delayed the need for more immediate money printing, todays ‘hold’ decision by the BoE should come as no surprise to regular readers. It is all becoming rather clear that the [...]
Yesterday we cited the 200 week moving average as a decent level of support for gold. And that has proven to be the case with gold bouncing perfectly off the 200WMA at $1443 and rallying back to $1470 where the rally has fizzled. Gold $ (weekly): (click for sharper image) The break-out level for gold [...]
After falling as low as $1320 back on April 16th gold has rallied some 12% off those lows. For the past couple of weeks gold has firmly been trading in a range with $1480 marking the top and $1440 the bottom. Gold $ (2 hour): (click for sharper image) Back in the April we noted: [...]
After yesterday’s manufacturing report came out and showed that sector is still in contraction, we got the construction report today. And just like in manufacturing the construction sector is also contracting – for the sixth month in a row no less. From the report: Construction activity falls for sixth successive month Civil engineering remains weakest [...]
