Sunday, November 2, 2014

Gold Analysis For November 2, 2014

Gold has suffered so much recently that many analysts have been inspired to contribute their findings.

I wanted to offer a collection of recent articles so that a reader could gather a consensus as to what may be coming as the markets open later today.

Does the investor buy or sell?


What Should Gold Investors Do Now? - Seeking Alpha 
 Sun, 02 Nov 2014 08:41:42 GMT
What Should Gold Investors Do Now?

Gold fell last week when the Fed cut QE and the Bank of Japan increased QE. The fundamentals right now are not relevant to gold as it is trading based on very negative sentiment. Investors ...

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Is the end of the Quantitative Easing going to help or hinder the price of Gold


The FOMC Pushes Down GLD (GLD) - Seeking Alpha 
 Sat, 01 Nov 2014 15:01:07 GMT
The FOMC Pushes Down GLD (GLD)

The allure of gold as an investment vehicle lies in its ability to store value in the event of inflation and especially so in a hyperinflationary environment. When ...

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Putting The Gold Selloff Into Perspective - Seeking Alpha 
Fri, 31 Oct 2014 17:32:52 GMT
Putting The Gold Selloff Into Perspective

 I happened upon the Seeking Alpha 'Top Market News' headline, 'Multiyear lows for precious metals.' I love reading the 'Top Market News' section of Seeking Alpha because it offe ...

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What about Peter Schiff sentiments on Gold?


Is Gold's Knockout Punch Coming? - Seeking Alpha 
 Thu, 30 Oct 2014 22:43:02 GMT
Is Gold's Knockout Punch Coming?

Having an entrenched view is a good recipe for failure. And perhaps, there's no better Wall Street case study than Peter Schiff, a precious metals permabull. Never mind his incorrect calls a ...


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This may point to a rebound.





This Fibonacci pattern is usually a sign of a reversal so we may have some positives to look forward to in the next few days. These patterns are not always to be relied upon, it will take the confirmation of price action to validate the pattern.

Here is the same pattern on the weekly chart which I would tend to think has a greater influence.





What about resistance to a rise in price?


Of course the recent decline has brought with it a resultant resistance to an upward move as shown by the Ichimoku Cloud. As you can see the cloud is fairly thick, resistance would appear to be formidable to a quick advance.





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