Recent commentaries

Ongoing price-volume action for both gold and silver suggests that extreme caution is necessary while taking positions in precious metals. Summer months are traditionally known to be bearish for gold - is this year going to be any different?

The situation in currencies does not bode well for Gold and Silver Bulls presently. The risk of higher USD Index levels is quite significant and would impact the precious metals sector in a negative way. It appears that this is a factor that must be watched closely in the days ahead and caution is warranted with trade positions anywhere in the precious metals sector.

The correlation between gold and currency indices is a matter of interest among precious metal investors – no wonder these indices used to indicate the direction for both gold and silver many times in the past. We encourage you to read today’s essay as it describes the most recent events in both indices.

Backed by a (still!) bullish trend for the euro gold is expected to witness an upside in the short-term. The True Seasonal trends have provided an excellent roadmap for the precious metals sector so far in May. Therefore, it’s particularly interesting that a change in trend is expected towards end-May or early-June.

From a speculative point of view, it appears that the next move in gold market likely be to the upside – however, is the yellow metal likely to move to new highs in the following weeks?