gold prices

It’s the time of year when foolish analysts and commentators try and predict various outcomes for the year ahead.  This foolish commentator is no exception and is about to put his price predictions for where the gold, silver, platinum and palladium prices will be at this time next year on record . . . .

Each of the last three years have begun with gold rallies of over 10%. The stage is set for another such move in 2018. Are you prepared? . . . .

Target picking is risky in an asset whose value is largely based on sentiment and prone to being "jawboned" into its proper place. But we believe for various reasons that if Gold does not pierce $1260 spot, its chances . . . .

Although gold has fallen below key resistance, one market analyst said that he sees some underlying strength in the marketplace as the metal holds above important support levels . . . .

“We believe that precious metals remain a relevant asset class in modern portfolios, despite their lack of yield,” said Goldman Sachs in a recent report on the dilemma of what investors should do about falling gold price . . . .

Gold held near its highest in more than a year on Friday as weak economic data lowered expectations of a December interest rate rise in the United States . . . .

The price of gold rose to a one-year peak on Thursday after the dollar tumbled on the back of weak U.S. jobs data and an unchanged growth and inflation outlook from the European Central Bank . . . .

Jim Rickards and Eric Sprott – neither are from the truly fanatical end of the gold bull community – both reckon gold is going to $10,000 an ounce – not in the short term, but over time, and they are probably right . . . .

Silver prices continued higher on Tuesday, reaching fresh 12-week highs as the dollar extended its downward spiral . . . .

2 million ounces of gold were dumped on the gold market in a minute on Friday, just ahead of Janet Yellen’s speech at Jackson Hole – and, apart from a brief downwards spike to below $1,280, the gold price rapidly climbed back to unchanged.  This has to be an incredibly bullish signal for gold in that even this amount of presumably paper gold thrown at it (62.2 tonnes) couldn’t keep the gold price down . . . .