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18hrs

To understand the potential move in gold FX_IDC:XAUUSD post-FOMC we need to take a look at this chart of FX_IDC:XAUCAD .

18hrs

Everybody throws up charts of FX_IDC:XAUUSD , so let's take a look at FX_IDC:XAUCAD . What do you see preFOMC? I see a solid uptrend.

18hrs

Take a look at this chart, what do you think? We've got a lot of bears out there right now, but they are forgetting that we have just entered September...a notoriously bullish month for FX_IDC:XAUUSD .

18hrs

Labour Day has ended signaling the unofficial end of summer as traders start to get back to their desks. We're still experiencing temperatures in the high +30c here in Toronto, but market activity will definitely pick up shortly. As I forecasted in the chat room last night, gold pushed through $1328 and cleared $1332 last night in Asian markets against a weaker...

18hrs

Golden Dawn Minerals GOM seems to be on the verge of a massive breakout as it is pushing against resistance of $0.40 which was last priced back in 2008. There has been a recent volume spike (open buying interest) since the company started jockeying for a piece land which is also of interest to powerhouse major Kinross Gold Corporation K . Since GOM is...

18hrs

MUX is run by the same person who founded GoldCorp GG, and he has a 25% stake in the company that bears his namesake. McEwen Mining also pays a dividend while you wait for the price of XAUUSD to rise, and that is a rarity for a junior miner. Full disclosure, I dollar-cost-averaged into this company at around $2.00/share. My feeling is that when gold breaks...

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LONG That's my opinion of the current XAUUSD market. I'm looking for increased action in the junior resource space next week after Labour Day.

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Looks like a lot of traders are going to get hacked to bits between the potential range of $1290 to $1325 because the Fed is doing what it does best, fear mongering about a rate hike. This is only helping the Fed play the longs into their hand by forcing them to give up their positions in gold. A close under $1308 after Friday’s Non Farm numbers will increase...

18hrs

Looks to me like we have some healthy consolidation on the chart for this equity. The fundamentals are strong as well, I've visited a number of their properties and they all seem well maintained and the clients appear to be happy with the customer service rendered.

18hrs

Gold is moving down on the premise that the US is the only central bank on the planet that is going to tighten its monetary policy. Keep in mind that this is a very thinly traded market in August, so although the path of least resistance is currently down. Things can change on a dime.