Video: Gold Speculators Are Least Bullish in Years
Today we bring you two video interviews about the current state of the gold market:
Gold Speculators Are Least Bullish in Years and What If Gold Breaks $1200?
Are gold speculators really the least bullish that they have been in years?
In this video we look at what the charts are suggesting. While gold speculators are almost always long the charts are showing that they are the least long that they have been in a while. Historically, when this has happened, gold has rallied.
Are we on the verge of the next move higher for gold?
What if gold goes lower and breaks $1,200/oz?
Gold is technically still in an uptrend with higher lows still being achieved. The strong support level at $1,200 has been breached since this video was recorded.
So what is next for the price of gold? Are we going to see a further leg down in the price or will it rally from here?
Stephen Flood CEO of GoldCore.com talks to Carley Garner of DeCarleyTrading.com and gets her interpretation of what the charts are suggesting.
Watch these videos and more on our YouTube channel here
News and Commentary
Gold hits 1-wk high as dollar sags on Trump's Fed attack (Reuters.com)
U.S. Futures Slip on Trump Legal Woes; Euro Rises: Markets Wrap (Bloomberg.com)
S&P 500 touches record high, equals longest-ever bull run (Reuters.com)
S&P 500 sets record high, dollar slips after Trump attacks Fed (Reuters.com)
Source: Bloomberg.com
German Foreign Minister Calls For Global Payments System Free Of U.S. (GATA.com)
Banks Now Long Gold, Short Dollar. What Do They Know?(Zerohedge.com)
BOJ Issues "Red Hot" Warning: Stocks May Drop And We Won't Be There (Zerohedge.com)
Are We Entering an "Everything Bubble"? (ETFTrends.com)
Gold Prices (LBMA AM)
21 Aug: USD 1,194.10, GBP 931.28 & EUR 1,036.12 per ounce20 Aug: USD 1,188.75, GBP 933.29 & EUR 1,042.41 per ounce17 Aug: USD 1,176.70, GBP 925.59 & EUR 1,032.79 per ounce16 Aug: USD 1,179.65, GBP 928.38 & EUR 1,037.74 per ounce15 Aug: USD 1,186.70, GBP 933.10 & EUR 1,047.74 per ounce14 Aug: USD 1,195.30, GBP 935.32 & EUR 1,049.11 per ounce13 Aug: USD 1,204.40, GBP 944.85 & EUR 1,058.19 per ounce
Silver Prices (LBMA)
21 Aug: USD 14.78, GBP 11.52 & EUR 12.83 per ounce20 Aug: USD 14.76, GBP 11.57 & EUR 12.93 per ounce17 Aug: USD 14.66, GBP 11.54 & EUR 12.87 per ounce16 Aug: USD 14.61, GBP 11.51 & EUR 12.85 per ounce15 Aug: USD 14.83, GBP 11.66 & EUR 13.10 per ounce14 Aug: USD 15.04, GBP 11.77 & EUR 13.18 per ounce13 Aug: USD 15.18, GBP 11.91 & EUR 13.35 per ounce