Gold Prices Struggled This Week and Saw a Sell Off It was a tough week for metals after a positive week last week. Gold prices struggled and dropped under $1,300 as a huge sell-off took further toll on prices. Silver was down this week too, but posted gains on Thursday. Gold was struggling against a […]
Stock Market Has One of the Worst Weeks since 2008, But Gold Remains Quiet For Now Volatility was the word of the week. The Volatility Index went as high as 40 points Friday before closing around 30 (last week it was around 17). The volatility in the stock markets is becoming more pronounced, especially following last […]
After a Volatile Week for Stocks, Gold Set To Move Higher? It was a volatile week for stocks all week with Friday marking the worst day this year for the markets. Friday saw the Dow Jones plunge nearly 700 points and it marked the biggest loss in 2 years for the Nasdaq. It was overall […]
Tax Reform and D.C. Drama Made for a Wild Week for Gold and the Markets It was a wild week for gold and the markets. The Dow went from breaking above 24,000 to falling over 350 points Friday. Gold also fluctuated rising to just under $1,300 at the start of the week to dropping below […]
Complacency in the Markets Affecting Gold Negatively This Week The stock market continues to set new highs this week. As these records rack up, there is right now a great deal of complacency in the markets affecting gold. Gold fell slightly again this week under pressure from new stock market highs and interest rate talk. It […]
Gold Breaks Through $1,300 for the First Time in 2017 Gold had a volatile trading range of $1,283-$1,301 intraday on Friday, which was the first time this year that gold has broke the psychological resistance of $1,300. There has been some pull back since, as gold is currently sitting at around $1285 as of print. […]
Volatility Around North Korean Tension Spurred Gold This week, volatility around North Korean tension spurred gold into a rally. Gold opened the week at at $1257 and closed $30 higher. On Thursday it hit $1290. Silver also rallied, closing the week at $17.10. The news came out this week that North Korea has the capability […]
Shining Week for Gold as Dollar Index Is at Year Low The dollar index is at year low this week. The last time it was this low was June of last year, and it’s currently in a two week losing streak. Gold was up all week, and closed the week just shy of the $1,270 […]
DOES THE VIX STILL ACCURATELY MEASURE FEAR? OR IS IT NOW THE DOLLAR? The VIX does not seem to accurately measure fear anymore. The VIX – or volatility index – shows the markets’ 30-day forecast for volatility. It describes implied volatilities, is constructed partly from both calls and puts, is forward-looking, and referred to as […]