My Gold Analysis Comment For August 7, 2014

Gold is moving, the direction is unsettled so far. International events have created some volatility which traders may appreciate and also fear.

I have gathered some recent opinions for you to review.

Gold Trades Above $1300 On Geopolitical Tensions, ECB Eyed http://www.oilngold.com Thu, 07 Aug 2014 07:45:24 GMT Precious-Gold traded above $1300 on Thursday, holding sharp overnight gains, as escalating geopolitical tensions in Ukraine lured safety demand on the metal. Russian President has banned all imports of agricultural ... Read more ...	Gold price falls 0.24 per cent in futures trade on weak global cues ... http://businesstoday.intoday.in  Mon, 04 Aug 2014 06:50:00 GMT Gold prices fell by 0.24 per cent to Rs 28153 per 10 grams in futures trading on Monday amid weak cues from global markets. Read more ...
Gold: Yellow metal trading higher this morning | GCI Forex News http://forexnews.gcitrading.com Wed, 06 Aug 2014 01:02:56 GMT Gold prices traded flat against the USD in the 24 hour period ending 23:00GMT, at 1289.10 per ounce, as increased expectations of a sooner-than-expected US interest rate hike curbed the gains arising from looming ... Read more ...	Gold and Silver Trading Alert: Silver's Significant Underperformance ... http://www.safehaven.comWed, 06 Aug 2014 14:00:26 GMT In our opinion no speculative positions in gold, silver and mining stocks are now justified from the risk/reward perspective. Read more ...
Is The Gold Rush On? - INO.com http://www.ino.com Wed, 06 Aug 2014 17:04:45 GMT For many traders, gold has been somewhat of a disappointment in 2014, even though it is plus some $70 for the year. Many gold bugs were expecting much higher levels by this time, given all of the uncertainties with the ... Read more ...
Gold Trading Levels Reference http://www.thetradingauthority.com/trading-room-trial/ Read more ...

My Gold Analysis comment January 11, 2014

Index rebalancing may be accounting for some of the upward pressure on Gold at this time. 

 The GSCI Index and UBS Commodity Index are resetting asset weightings and funds which follow these indices therefore have to rebalance as well.

Some people regard this as causing Gold to test 1,250.00 in the coming week.

The weak jobs data has given some impetus to Gold, there are a few more reports such as personal consumption expenses and the CPI, which if soft, will work to support Gold in a move higher.

The fear of rising interest rates has contributed to the decline in Gold, one mitigating factor may be the health of US Equity markets and the future policies of the Federal Reserve regarding the 'taper'.

We certainly can not be sure that Gold has bottomed, many experts see a price of $1,100.00 before trending much higher.

Update, January 26, 2016;

Here is a chart from today showing that Gold is just starting to move off the bottom, lower still than when this post was originally written.

How many times did the bulls promise that price would rapidly rise to the heights before it finally moved, two years later?

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