Recent commentaries

In a last-minute agreement, the U.S. House of Representatives prevents its country from default. The deal is just that - a raise of the debt ceiling, not the reform of the deficit drivers. As such it its effects on the markets seem to be only temporary. This remains true for the precious metals market which finds itself in a rather unclear situation. What may ignite movement and which direction will the prices go? Among contrary signals, we aim to identify the most important ones.

Last week gold appreciated among the U.S. debt limit debate. As the rise was accompanied by bearish signs and tense situation in the currency markets, the outlook for precious metals is not crystal clear and we need to try to answer last week's question once again: "Is the breakout in gold confirmed?" This essay tries to untangle a knot of uncertainty that has been recently prevalent in the PM market.

By reaching the level of $1,610 gold has seemingly confirmed its breakout. However, bearish signs cloud the picture and rise questions. Is this breakout the real thing? Or is the price movement going to run out of steam, triggering declines? Our analysis strives to give you the answer during this hot period on the precious metals market.

As gold hits the psychological barrier of $1,600, questions arise whether the breakout has become fact. Are the mining stocks influenced? This essay discusses the implications of recent developments for the short-term price movements.

Is the short term rally in gold prices over? What do both fundamentals and technicals suggest about the long-term market direction for gold?