Forecasts & Analysis | Gold, Page 1

Get ready for some incredible price moves in the metals markets and congrats to all the Gold and Silver bugs out there.  Our analysis says our patience and accumulation of physical metals will soon pay off in a big way.

Payrolls drop 701,000 for March

Gold prices built on Thursdays gains edging through resistance levels despite a rising dollar as the US yields edge higher. This came despite a much larger than expected decline in US non-farm payrolls. Despite the huge gain in payrolls and the large up move in the unemployment rate, the number

The gold markets but most of the week following below to the sub $1600 level, but then turned around to show signs of life again towards the end of the week, and now have formed a very bullish looking candlestick.

Gold markets initially pulled back slightly during the trading session on Friday but then turned around to rally in quiet trading overall after the Non-Farm Payroll figures came out much worse than anticipated.

I grew tired of the instability and blatant manipulation in precious metals, over the next few weeks, I’ll be switching to an Accumulative Metals Portfolio (AMP).

Two important things happened yesterday. And no, the ridiculous rally in crude oil wasn’t one of them.

See what to expect today and next week as we have some huge moves about to start up again.

Based on the early price action, the direction of the June Comex gold futures contract the rest of the session on Friday is likely to be determined by trader reaction to the short-term 50% level at $1637.00 and the downtrending Gann angle at $1631.80.

The rise comes despite a surging dollar