The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
USD Decline to Take Breather Before Breaching 75
Gold Prices Newsletter
(11/13/2009)
 Technical signals from the RSI, STO and MACD indicators suggest that the greenback’s decline will take a breather, for the next few trading sessions at least, before falling further to break a critical support at 75. This temporary strength in the USD provides a good opportunity to get short on the greenback or get long on gold at a small discount. Taking such a position should return gains in the short and intermediate term, as well as over the long haul. The USD has key support at 75, which it will break soon causing a sharp drop which will send gold towards $1200. Note on the chart below how sharply the USD broke down through 75 before in early 2008.  So if you haven't got long on gold yet, an optimum time to get long will be over the next few trading sessions. Once you have a long position, hold on tight because it's going to be a fast, knee-jerking ride and $1,200 will be upon us in no time!
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More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More >
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >