Fear and Uncertainty Drive Gold
A constructive week for precious metals. After trading between $1,490 and $1,510 last week, gold jumped $30 Friday US time on tit for tat tariff increases from both the U...
29 August 2019
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‘Zero Has No meaning’
We saw some consolidation in precious metals prices this week with gold drifting back below US$1,500 and silver pulling back to $17.00 an ounce. It seems that short-term,...
22 August 2019
Cash Ban Coming
The gold price consolidated this week with trading bouncing off $1,500 but being capped at $1,525. There was one sell-off mid-week in reaction to better US CPI figures an...
15 August 2019
A Perfect Storm
Well, what a week! After consolidating during July between $1,380 and $1,450, this month, gold has made another break going above $1,500 (and holding) on more trade troub...
08 August 2019
Go, Aussie Debt, Go!
Just when you think gold prices are going to pull back and have a breather, Trump comes back into the spotlight with some fresh tariffs on Chinese imports, spiking gold t...
01 August 2019
Desperately Seeking Inflation
Gold pulled back to USD$1,417 this week on the back of a stronger US Dollar, with silver shining brightest at present, adding USD 10c since last week and trading at $16.4...
25 July 2019
Silver Spikes 7% - Here’s Why
We talked last week of gold consolidating in a range with a break up through $1,440 as potential indication of the next leg higher. We saw this on Thursday night with gol...
18 July 2019
Gold Gains on Powell Pronouncements
Gold spent most of the week under $1,400 even though China added 10 tonnes to its reserves and Poland reported a large acquisition of 100 tonnes.Wednesday gold moved deci...
11 July 2019
Gold as First Step on Property Ladder
A wild week to end the financial year as both ABC Bullion’s trading volumes and number of transactions were higher than any other week this year. After pulling back on Fr...
04 July 2019
Why Is Silver so Sluggish?
After such a sharp rally it only made sense for gold to consolidate somewhat, so we see a pullback to $1,405 this week with silver trading back to $15.25 per ounce. It ha...
28 June 2019
$2,000 Gold Achieved, What’s Next?
Patience is beginning to pay off for precious metals bulls, as gold has managed to break through a key resistance zone of the past few years. Once the level of $1,350-$1,...
20 June 2019
Gold Marches Higher on Oil Tanker Attack
Gold marched higher as news filtered through of two oil tankers being attacked by torpedoes in the Sea of Oman. Gold rallied to USD$1,345 and silver to $14.95; with the A...
13 June 2019
In Gold We Trust
A huge week for precious metals this week with gold rallying back up through the USD$1,300 level to $1,333 with silver following to USD$14.88. We warned investors in last...
06 June 2019
Westpac’s Call = $2,000 Gold
This week saw gold trading back above USD$1,290 and silver relatively unchanged at USD$14.50. After such a consolidation in price, it seems like gold has formed a base in...
30 May 2019
Sell Stocks in May and Go Away
Gold drifted lower this week before catching a bid Thursday night on the back of US stock markets selling off. We remain at the USD$1,280 level as per last week, with sil...
23 May 2019
Down Under Under-Employed
Precious metals had an up and down week this week with gold in USD trading back above $1,300 ever so briefly, before consolidating just above $1,280 per ounce. Silver sli...
17 May 2019
China Buys Gold as Trade Wars Escalate
Gold added $10 per ounce this week, rallying back above USD$1,280 and has managed to successfully hold above the trendline from September 2018. Silver is slightly higher...
09 May 2019
Risk On/Off, Gold Off/On
The gold price was under pressure the first half of this week, falling from $1,279.88 to $1,266.42 with silver breaking below $15 to get as low as $14.75. The $6 “slam” o...
25 April 2019
Gold Hits 2019 Bottom - What’s Up?
Gold failed to hold the recent support level of USD$1,280 this week so we saw some selling purely on the back of the technical setup, as news was fairly absent this week....
17 April 2019
Is the Lucky Country out of Luck?
Gold continued to dance around the USD$1,300 per ounce mark, before trading lower to the exact price of this time last week ($1,292 per ounce). Silver trades just below $...
12 April 2019
Fairy Tale Budget
Precious metals stabilised this week in USD after the sharp decline last Thursday night that would have triggered cascading stop losses, as gold failed to hold above $1,3...
05 April 2019
‘Trade of the Century’
The battle for US$1,300 continued this week with the bulls taking the win for now – gold traded higher at $1,309 per ounce and silver was up slightly to USD$15.14. Fed ch...
21 March 2019
Merger Mania and Free Money
After a week of consolidation, gold showed some strength this week moving up from the USD$1,280s and trading above the “13” handle briefly before encountering resistance...
15 March 2019
The Growing Trend of Chinese Corporate Defaults
Precious metals eased lower this week with gold retreating to USD$1,313 on the back of a stronger US GDP print, and silver dropped to USD$15.60 per ounce. Palladium looks...
28 February 2019
Gold Hits All Time High of $1,880
The rally continued this week with gold breaking out north of USD$1,320 and quickly running to a high of $1,346 per ounce, before retreating back to $1,327 currently. Sil...
21 February 2019
Australia’s House of Cards
Gold had a relatively uneventful week this week, pulling back slightly to USD$1,312 as did silver to $15.62 per ounce. After a terrible performance last week, the AUD/USD...
14 February 2019
Slow and Steady Wins the Race
Gold in USD terms has managed to crack through the $1,300 resistance level this week, trading at USD$1,320, with silver rallying up through USD$16.00 per ounce at time of...
01 February 2019