Gold and silver prices had a rough summer season. After trading to a high of $1365.40 on the continuous futures contract in April, selling in the gold market took the price of just over the $1160 level in mid-August when the dollar index reached its most recent peak at 96.865. Gold dropped to its … [Read more...] about Is it Time to Buy Silver when the Gold-to-Silver Ratio Gap Expands?
A Breakout Here Could Produce Another Gold Rush
Gold prices have chopped higher since bottoming in December 2015. The move has not been as exciting as precious metals bulls would like but its followed a trend of higher lows nonetheless. During the same time frame, Gold has tested the $1360 – $1375 price level on multiple occasions – see … [Read more...] about A Breakout Here Could Produce Another Gold Rush
China Prepares Death Blow to the Dollar
On March 26 China finally launched a yuan-dominated oil futures contract. Over the last decade there have been a number of “false-starts,” but this time the contract has gotten approval from China’s State Council. With that approval, the “petroyuan” will become real and China will set out to … [Read more...] about China Prepares Death Blow to the Dollar