Having invested in gold miners for quite some time, I have followed a lot of these sites. They vary from the slightly mad to the downright insane. I put King world news towards the 'insane' side! It's a good read, as is zero hedge where everything is a conspiracy theory. As long as you go in with a very jaundiced eye they can be quite enlightening, however.
Don't get me wrong, I believe that gold is likely to rise substantially over the coming years and I also believe that there is a good case for a sharp pull back, perhaps even to test the year lows. But you have to be somewhat sceptical of the media that follows gold as it attracts both ardent supporters and detractors!
I've found a report you may like to read "a timeline for the next rally in gold" by silver doctors.com 24th July 2016. King world news is enjoyable stuff and www.gold-eagle.com. Bullionvault has articles all the time, bullion desk too.There are lots of others. Of course we are in the holiday period at the moment so the gold price will drift and we are awaiting two pieces of news this week.
I noticed at 8pm tonight the gold price kissed just over $1333. The pivotal point at which good breaks higher or lower. At 10pm its dropped back a little. With a strong dollar that's a hell of a lot of support for gold. We'll have to see what happens.
actually,since the dolllar bounced off the low,93,gold a barely pulled back. US 10 year treasury yields also effect gold,the recent bounce off the low,asnt effected gold much either,but some would say it's just risen with the dollar. the US markets are looking very toppy tho,after nearly two weeks of rises,so can the dllar hold if the markets correct,doubtfull. interesting stuff uh. also,draghi is expected to announce some kinda stimulus or bank bailout/bond buying,whichever,so willl that push the euro up against the dollar? not to mention the next jap QE,$100 billion is rumoured.
Over the last few months gold has been both positively and negatively correlated to the dollar. The run up at the start of the year was broadly correlated to the strengthening Yen. I have followed a technical analyst who has been calling for a drop in gold to $1000ish based on a strengthening dollar based on sound technical analysis and he has so far been wrong. He may be right at some point but currently it doesn't feel like that.
Come on Deepsurvey1. Point us to some of these reports!
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