Today we bring you two video interviews about the current state of the gold market:
Are gold speculators really the least bullish that they have been in years?
In this video we look at what the charts are suggesting. While gold speculators are almost always long the charts are showing that they are the least long that they have been in a while. Historically, when this has happened, gold has rallied.
Are we on the verge of the next move higher for gold?
What if gold goes lower and breaks $1,200/oz?
Gold is technically still in an uptrend with higher lows still being achieved. The strong support level at $1,200 has been breached since this video was recorded.
So what is next for the price of gold? Are we going to see a further leg down in the price or will it rally from here?
Stephen Flood CEO of GoldCore.com talks to Carley Garner of DeCarleyTrading.com and gets her interpretation of what the charts are suggesting.
News and Commentary
Gold Prices (LBMA AM)
21 Aug: USD 1,194.10, GBP 931.28 & EUR 1,036.12 per ounce
20 Aug: USD 1,188.75, GBP 933.29 & EUR 1,042.41 per ounce
17 Aug: USD 1,176.70, GBP 925.59 & EUR 1,032.79 per ounce
16 Aug: USD 1,179.65, GBP 928.38 & EUR 1,037.74 per ounce
15 Aug: USD 1,186.70, GBP 933.10 & EUR 1,047.74 per ounce
14 Aug: USD 1,195.30, GBP 935.32 & EUR 1,049.11 per ounce
13 Aug: USD 1,204.40, GBP 944.85 & EUR 1,058.19 per ounce
Silver Prices (LBMA)
21 Aug: USD 14.78, GBP 11.52 & EUR 12.83 per ounce
20 Aug: USD 14.76, GBP 11.57 & EUR 12.93 per ounce
17 Aug: USD 14.66, GBP 11.54 & EUR 12.87 per ounce
16 Aug: USD 14.61, GBP 11.51 & EUR 12.85 per ounce
15 Aug: USD 14.83, GBP 11.66 & EUR 13.10 per ounce
14 Aug: USD 15.04, GBP 11.77 & EUR 13.18 per ounce
13 Aug: USD 15.18, GBP 11.91 & EUR 13.35 per ounce
Recent Market Updates
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