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Rosland Capital on Gold and Other Precious Metals

Surprise, Surprise: Gold Moves Higher

March 21, 2017

Surprise, surprise! Despite last week’s move by the U.S. Federal Reserve, America’s central bank, to tighten monetary policy a notch, gold prices surprised many observers of and participants in the gold scene, even those who had expected the quarter-point increase in short-term interest rates would be sufficient to knock the metal into a still-lower trading range under $1,200 an ounce.

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Interest Rates, Inflation, and Presidential Issues Point Up for Gold

February 16, 2017

Gold prices of late have been testing support just under the market, if you will, preparing for a healthy rally into higher territory.

As I see it, a relatively small group of hedge funds and institutional speculators have been calling the tune for gold, trading the recent range, buying on dips, selling on rallies, and gradually adding to their physical holdings – a behavioral pattern we expect will continue within a rising trading range – at least until a price well above the $1300 an ounce level is established.

Contributing to support under the market, price-sensitive Asian traders continue to bottom feed, accumulating bullion for the billions of gold-friendly households in their region with cash to spend.

Meanwhile, short-term hour-to-hour and day-to-day price action has been governed by the latest news with respect to interest rates, inflation, the dollar, and President Trump’s issues in the White House. 

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Rosland Gold Commentary – Take Comfort in the Long Term

January 4, 2017

Gold bulls, ourselves included, have suffered a disappointing year. Rather than ending 2016 on a strong note, the biggest surprise to many was the failure of gold to surge higher in the wake of Donald Trump’s election as the next president of the United States.

For a moment, as the polls closed on Election Day, we thought Trump’s victory would create the sort of uncertainty upon which gold typically thrives. Instead, contrary to expectations, Wall Street has since zoomed to new all-time highs and gold has disappointed fans of the yellow metal. 

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Gold Still Set to Soar

December 15, 2016

Contrary to our expectations and nearly everyone else’s who pays attention to the price of gold, the yellow metal has, since Election Day, shed nearly 15 percent of its value in U.S. dollars.

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