Just ahead of the final FOMC meeting in 2022, Gold Futures briefly traded where they began the year above $1830 per ounce on Monday. But after the Federal Reserve increased their target interest rate by 50 basis points on Wednesday, while flagging a higher peak rate in 2023, the gold price slipped back below $1800 during the following Comex session...

After December began with an explosive move to the upside, Gold Futures are currently consolidating in a short-term consolidation triangle between the double top at $1825, down to the $1,780 floor that has been this week's range low. This also aligns to the trendline support that began with the November 3rd swing low. Yet, the silver price continues to bullishly show relative strength to gold...

After ending an unprecedented seven-month losing streak by rising over 7% in November, gold began December with its largest one-day gain in two years. And since its triple bottom at $1620 in late October, Gold Futures on Thursday closed just $17 from where it began 2022 at $1833, outperforming the stock market by a wide margin this year...

After an unprecedented run of seven consecutive monthly losses in Gold Futures, November has begun with a strong two-week upside reversal of $170 amid growing expectations that the Fed is edging closer to a potential “pivot” away from aggressive interest rate hikes. Gold hit approximately $1620 for the third time at the beginning of November, printing a “triple-bottom” which marked the...

In a sector where investor confidence has been extremely low for the past several months, mining companies have begun to re-kindle efforts to explore alliances and partnerships to bring promising projects online and share the risk between parties. While underground gold reserves held by major mining firms continue to be low and falling, new reserves are becoming increasingly...

On Wednesday, the Federal Open Market Committee (FOMC) announced it will raise rates by 75 basis-points as the markets had anticipated, which is the highest level since January 2008 at 3.75%-4%. This marks the fourth consecutive 75 bps raise as the Fed maintains a hawkish approach in its attempt to curb an inflation rate the central bank insisted was "transitory" until higher CPI readings...

Vizsla Silver (VZLA, VZLA.V) is a relatively new early-stage silver explorer that has recently up-listed to the NYSE AMEX. In 2019, Vizsla made a bold move to lock up a large portion of a historic mining district in Sinaloa State, Mexico. Although the area had seen active artisanal mining, this is the first time the entire district has been consolidated after seeing only sparse past exploration...

In August 2019, Discovery Silver (DSVSF, DSV.V) , then known as Discovery Metals, announced the acquisition of Levon Resources and became the 100% owner of the Cordero Project. Cordero is located on private land in one of Mexico’s premier porphyry and carbonate replacement deposit (CRD) districts in Chihuahua State, Mexico... 

With market focus having mostly been on the Federal Reserve in recent weeks, a banking crisis in Europe began to shake things up heading into quarter-end last week. The recent events surrounding the Bank of England (BoE) being forced to intervene to shore up its markets is bringing the realization that the trigger for the next recession could very well be abroad...

Gold has had a tumultuous year to say the least. The safe-haven metal soared above long-term resistance at $2000 per ounce briefly in March after Russia began its military occupation in Ukraine, then sank below long-term support at $1700 this week as the Fed toughened its approach to repressing the highest inflation experienced in over 40 years...

There were fortunes made by contrarian speculators that began to accumulate a basket of high-risk/reward quality precious metals junior stocks, just as significantly undervalued and oversold mining space situations appeared in 2001, 2008, and 2015. This seven-year pattern of bombed-out juniors creating significant bottoms is likely in the process of taking place here again in 2022....

With a blistering short-covering rally in the gold complex taking place heading into this week, the positive impact of less-hawkish Federal Reserve comments faded while investors waited for more signs on the data front. Gold prices rose 2.57% last week as markets firmed up the $1700 support level, while bullion ended above formerly significant resistance at $1780 on a monthly closing basis...

As telegraphed in this space last week, the gold complex was set up for a sharp move heading into this week’s Federal Open Market Committee (FOMC) meeting results. At the conclusion of the FOMC meeting on Wednesday, the Fed announced an expected second consecutive rate hike of 75 basis points (bps), bringing the Fed funds rate to a range of 2.25 to 2.5%...

The gold price has been trading sideways since mid-2020, frustrating both bulls and bears while building cause for the next breakout in either direction. After gold's sharp doubling in price from 2016 to 2020, the safe-haven metal has been in a prolonged pullback/consolidation phase to digest those out-sized gains. Gold's peak to trough correction ($2,089-$1,673) has been 20%, a textbook....

These are the times that try Gold Bugs' souls. As the gold price continues to be hammered in the face of a parabolic U.S. dollar, the entire precious metal's complex has reached the "get me out at any price" capitulation phase to begin the second half of 2022. With the "barbaric relic" being down 11 of the past 12 trading sessions before producing a weak...

The gold complex came under more pressure this week on the reiteration by the US, UK, and European central banks that they are willing to do whatever it takes to combat inflation at the Annual ECB Forum on Wednesday. This was followed by more selling into quarter-end on Thursday, despite U.S. 10-year Treasury yields moving below 3%...

The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation. The central bank also projected a slowing economy and rising unemployment in the months to come. The rate hike was the biggest announced by the U.S. central bank since 1994 and came six months after...

In a sector where investor confidence is extremely low, mining companies re-kindled efforts last year to explore alliances and partnerships to bring promising projects online and share the risk between parties. Depleting gold reserves and asset scarcity, along with market pressure to bulk up company valuations, sent larger miners out seeking deals to boost growth and...

With the Federal Reserve announcing its largest and most aggressive interest rate hiking cycle in 22 years earlier this month, the marketplace has been pricing in a likely upcoming recession. Although the Fed's planned quantitative tightening (QT) of its $9 trillion balance sheet has yet to begin as scheduled in June, the anticipation of the monetary punchbowl being taken away has already ushered in...

Recent moves by the Federal Reserve have swiftly brought fear into the marketplace of a major policy error that could alternately lead to a slowdown in economic growth, combined with unstoppable inflation. Although the precious metals junior sector carnage has been widespread and deep, due to being higher-risk, the entire marketplace has not been spared...

Aggressive central banks have replaced war concerns as the center of gold investor's attention recently, amid a soaring U.S. dollar and sharply rising U.S. Treasury yields. Heading into yet another all-important week of major central banker policy meeting's that began with FOMC meeting conclusions being announced mid-week, the gold price tested support at $1850 on Tuesday...

Panic selling has triggered margin calls in the marketplace over the past week, as investors have finally decided it is time to prepare for the worst-case scenario — a Federal Reserve-induced recession. As suspected in this space last week, the suddenly strong miner and silver relative weakness after a false miner breakout foretold heavy selling in...

As geopolitical uncertainty rises, along with the growing threat of stagflation and a potential recession, more investors are placing safe-haven capital into gold. The gold ETF’s tracked by Bloomberg registered inflows of nearly 16 tons last week, being the 13th consecutive week to show inflows. Since the beginning of the year, inflows have totaled over 273 tons making ETF investors a key driver of the...

With U.S. and European stocks posting their weakest quarter since the pandemic crash of 2020, Gold Futures gained 6.6% during a tumultuous Q1. The safe-haven metal traded within a $300 range and closed Q1 above $1950, which is an all-time quarterly closing high. The last time Comex Gold Futures gained more for a quarter was in Q2 2020 when the...

After drifting sideways in a tight $100 range for nearly a year, the month of March has seen gold volatility increase significantly with its price trading within a $185 range, driven mostly by the financial fallout from the crises in Ukraine. And once central bankers across the world ramped up the fight against rapidly surging inflation last week, gold has been attempting to create a new floor at the...

As the Russia-Ukraine war continues with no end in sight, investors shifted their attention mid-week to the Federal Reserve's expected move to end three years of a highly accommodative monetary policy. In anticipation of this historic event, the gold price came down to test critical support at $1900 this week while...

After the Western world began to wage a financial war against Russia last week, Gold Futures ran towards its record peak resistance at $2089 on Tuesday, coming just $20 short of this major milestone. But the safe-haven metal became extreme overbought in the short-term while doing so, ushering in a healthy consolidation of its...

Since its August 2020 high, gold has been exasperatingly difficult to call correctly because of the numerous false breakouts in both directions that have taken place in the last 18 months or so. Once the Federal Reserve turned hawkish in mid-June of last year, rallies were being sold and sell-offs...

The gold price rallied sharply on Wednesday evening as Russia initiated a full-blown military action in Ukraine. With financial markets entering panic mode, after the news of a war that Western politicians had incessantly warned being imminent, the safe-haven metal zoomed to the $1975 region into the early Thursday morning Comex trade...

In a flight to safety, as continued signs of escalation in the Ukraine-Russia conflict and some less-than-stellar economic data ushered in risk-off sentiment, the gold price reached strong overhead resistance at $1900 on Thursday. With 100% certainty of the Federal Reserve monetary punchbowl about to be emptied...

The key $1,800 area continues to be a magnet for gold. Rallies have been sold, and sell-offs have been bought with traders on both sides continuing to be whipsawed out of position. Since mid-2021, any advance, or decline, that bullion has made quickly ran out of steam and has returned to the $1,800 zone...

Since Gold Futures peaked at an all-time high of $2089 in August of 2020, the safe-haven metal has endured an extended and healthy correction of outsized gains. After bullion had doubled in price to $2089 per ounce last August, from its low of $1045 in late 2015, this necessary consolidation process has been...

With bearish gold headlines making the rounds as the new year came to a close last week, you would think bullion was down double-digits in 2021. But after gaining a stellar 18% in 2019, then another 24% in 2020, the gold price consolidated those huge gains as much as 20% by Q2/2021 and ended last year...