Gold Price Resources

Gold and Silver Fetch a Bid on Market Sell-off

Following weeks of low volatility, where the CBOE Gold Volatility Index fell to a decade low of 8.75, gold rallied $15 per ounce today to close at $1284. Simultaneously, the US dollar broke above heavy resistance (briefly) at 98. As the dollar goes, so go the metals.

Gold has been forming a long, rounded bottom since 2013, and the chart looks constructive. The bull case for gold technically is that the price has remained above the 200 day moving average for the entirety of 2019, and the 200 DMA is now turning up. Gold also pushed into overbought territory on the Relative Strength Index (RSI) earlier this year, and as not oversold, which indicates that gold still has positive momentum.

The bear case is that gold has struggled to push through the 38% Fibonacci retracement from the 2011 highs to the 2015 lows, and remains stuck in a multi-year triangle. Silver has also failed to confirm, as demonstrated in the chart below. Silver’s weakness seems coupled to the base metals sector, which has sold off as part of a global slowdown. Silver remains below its 200 day moving average, and while it fetched a bid today at trend line support, it still has some work to to do break out of the downward channel.


Charts Made with Optuma Software

The future for metals prices depends on the dollar index. A definitive breakthrough above 98 will likely put a ceiling on any intermediate rally.

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The Week Ahead In Gold – Aug 20, 2018

Written by Border Gold     Aug 20, 2018

The gold market is seeing a bit of a bounce in early action Monday to kick off the new trading week. Trading volumes remain subdued, however, as many investors wrap up late summer vacations. (more…)

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The Week Ahead In Gold – Aug 7, 2018

Written by Border Gold     Aug 7, 2018

The gold market continues to see selling pressure as the market searches for a bottom. Although the big, round $1200 per-ounce level is not far off, the market may need to do more work on the downside before it is able to build a long-term base. Low summer trading volumes and scant risk aversion are not doing the market any favors. (more…)

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The Week Ahead In Gold – Jul 30, 2018

Written by Border Gold     July 30, 2018

The bears have maintained a tight grip on the gold market, and prices continue to struggle to make any type of reversal to the upside. Higher stocks, a strong appetite for risk, a rising dollar and higher bond yields have all likely taken a toll on the yellow metal. That being said, the near-term does not seem to provide much reason to be bullish. (more…)

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The Week Ahead In Gold – July 24, 2018

Written by Border Gold     July 24, 2018

Just how low might prices go? That is likely the very question on the minds of gold investors right now. (more…)

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New Direction IRA to Offer Self-directed IRA Services at Texas Precious Metals Depository

Texas Precious Metals Depository announces the addition of New Direction IRA – a provider of self-directed IRAs, 401(k)s, health savings accounts (HSAs), and other such tax-advantaged savings vehicles – as a preferred custodian for self-directed IRA services at its new storage facility. In conjunction with New Direction, Texas Precious Metals Depository (TPMD) will complement the retail services provided by Texas Precious Metals to meet the needs of precious metals IRA investors. (more…)

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The Week Ahead In Gold – July 17, 2018

Written by Border Gold     July 17, 2018

The tough times for gold have continued as prices seem to be languishing around a 12-month low. (more…)

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The Week Ahead In Gold – July 5, 2018

Written by Border Gold     July 5, 2018

Markets appear headed for some more volatility this week as fears over global trade take a toll on sentiment. (more…)

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The Week Ahead In Gold – June 26, 2018

Written by Border Gold     June 26, 2018

Risk aversion seems to be the predominant theme as the new trading week gets off to a poor start. (more…)

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Written by Olivier Garret     June 21, 2018

The World Gold Council recently released an insightful report titled, Gold 2048: The Next 30 Years for Gold. This report looks at overarching demographic, technological, economic, political, and social trends around the world and their implications for the gold market. (more…)

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Introducing The Texas Precious Metals Depository.

Texas Precious Metals Depository is a state-of-the-art underground private storage facility for gold, silver, platinum and palladium (more…)

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Written by Olivier Garret     June 05, 2018

Two months ago, we hosted a conference featuring 25 world-famous asset managers, investment experts, and economists who discussed their economic outlook and predictions. (more…)

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