Austria Considers Repatriating Its Gold

And just like that, the list of countries who want to repatriate their gold just increased by one more, because after Venezuela, Germany, the Netherlands and rumors of Belgium, we now can add Austria to those nations for whom the “6000 year old barbarous relic bubble” is more than just “tradition.” From Bloomberg: Austrian Central Bank…

Gold ETFs Getting Hotter

Gold prices are starting to climb. A funny thing happened on November 7. After hitting a low of $1,130.40 per ounce, the spot price of gold rebounded, ending the day at $1,178.70. On the previous day, November 6, spot gold closed at $1,141.30. Had gold finally “bottomed”? Between November 7, 2012 and the closing bell…

Never A Straighter Line

We all crave a market that trends persistently. Over the past six years, with all the insane interventions going on around the world, it’s tough to secure a trend (particularly on the short side) that lasts more than a couple of trading sessions. But stand back, everyone, and take note of what commodities have done consistently…

The Traps Of Support And Resistance

Online Trading Academy Article of the Week by Sam Evans, Online Trading Academy Coming up with the title and topic of this week’s article was a simple task for me this time around, as it was directly inspired by a question that I received from a regular reader of these articles. As you know I do…