If this latest market move celebrating the Fed's dovishness is a sustained uptrend, then there will be underlying support fairly fast.
The indices are gapping higher in the early going Thursday morning as the market continues to celebrate a dovish Fed.
A dovish Fed will weaken the dollar, which will weaken gold, and vice versa.
The long wait is over.
KL is off to the races with the pop in gold.
Antitrust is the big concern for the big cap technology names.
A weaker dollar would give the gold market a push.
Swans are graceful creatures. This one is going to gracefully place a minus sign in front of your P/L.
The action Thursday did little to change the big picture.
The charts suggest we could see a good trading move for the precious metal.
Right now my focus is reducing risk as the market figures out if it is going to shake off the trade war worries or correct further.
There is nothing the market likes better than a strong economy and a dovish Fed.
I see nothing I'm anxious to jump into right here.
Gold has been a bad investment for several years, but it's time to consider adding hard assets to your portfolio with a recession imminent.
While today's action isn't attractive, we were ripe for a little profit-taking.
The gold market hasn't made progress in either direction since experiencing a sharp selloff in 2013.
Strength in SA could be an important clue to what gold may do later in 2019.
Let's see if the charts are desirable.
Changes decades ago in how the government calculates inflation greatly understate its impact on your investments, so choose asset classes wisely.
Imagine how strong the charts might look if the U.S. dollar turned lower.
I think you should consider that gold prices and mining companies could be considerably higher later in 2019 and 2020.
Next week we'll be at the tail end of earnings season. It's been a blast, at least until this past week when we got some iffy news about trade.
So, if there's no inflation anywhere, why have gold prices rallied 11% in six months?
The market can still go higher, but the time has come for the slope of price discovery to normalize a bit.
We tend to be contrarians in the gold market, and we see a looming opportunity for the bears in the coming weeks.
China's central bank announced a bill swap mechanism late Thursday aimed at slowing down the nation's economic slowdown.
Consider buying these dirt cheap GLD puts.
The gold miner is a little stretched to the upside at the moment, but should present a buying opportunity on a modest pullback.
Let's see what's in store for TLT, WTIC and GLD early in the new year.
Risking below $22, traders could approach the long side of Kirkland Lake Gold look for gains to the upper $30s.