‘Don’t Stand In Front Of Gold’s Runaway Train’: TD Securities Adjusts Long Target To $1,590
(Kitco News) – There is still momentum behind gold’s massive rally, which pushed prices above the $1,500 an ounce for the first time since 2013, said TD Securities.
Read more‘No Better Alternative To Gold’: FXTM
(Kitco News) – Betting against gold is a losing strategy for this summer, writes TD Securities. “We’ve cautioned that standing in front of Gold’s Runaway Train is a fool’s game, as trading overshoots in gold as a combination of some 30 different mean-reversion signals would have been a losing strategy.
Better-Than-Expected U.S. Weekly Jobless Claims Keep Gold Prices Near Daily Lows
(Kitco News) – Gold prices edged down after the U.S. Labor Department showed that the initial weekly jobless claims declined to 209,000 in the week to Saturday.
Read moreGold Prices See Normal Corrective Pullback
(Kitco News) – Gold prices are lower in early U.S. trading Thursday, on some profit taking from the shorter-term futures traders and on a normal corrective pullback and consolidation after prices hit a six-year high Wednesday.
Read moreGlobal ETF Rises to Six-Year High In July
(Kitco News) – Surging market uncertainty is pushing investors into gold exchange-traded products at an unprecedented pace with holdings rising to a six-year high in July, according to the latest report from the World Gold Council (WGC)
Read moreBitcoin Daily Chart Alert – Bulls In Good Shape Thursday – Aug. 8
(Kitco News) – Bitcoin-U.S. dollar futures prices are modestly up in early U.S. trading Thursday. The recent turmoil in the marketplace is showing that Bitcoin is considered by many to be a safe-haven asset.
Read moreMosaic Idles Saskatchewan Mine, 350 Workers Laid Off
(Kitco News) – Due to very wet weather.
Read morePure Gold Secures $90 Million Construction Financing Package With Sprott
(Kitco News) – “We are very pleased with the financial commitments that Sprott have made towards the development of the Project.”
Read moreNames Of Yukon Plane Crash Victims Divulged
(Kitco News) – Yukon Premier Sandy Silver offered condolences.
Read moreWhy a $2,000 Gold Price is in the Cards
(Kitco News) – Why a $2,000 Gold Price is in the Cards
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