I’m just back from a two-week vacation from the gold market. In the interim much has changed – especially the metal’s price, which has fallen some $65 to $75 an ounce. That’s more than five percent – but no reason to despair!
While the price has weakened, the metal’s fundamentals, fundamentals we have discussed in past reports, have continued to improve, so much so that some bounce-back now seems likely – with bigger gains due later this year.Read more
Rosland Capital’s CEO, Marin Aleksov, recently appeared on TheStreet with Joe Deaux to discuss gold prices as they relate to the situation in the Ukraine. Marin told Mr. Deaux that the easing of tensions in that region reduces the fear trade for gold, which traders often buy during times of geopolitical uncertainties. Marin notes that the situation is not over, and that further fluctuations in gold prices could result as more events between Ukraine and Russia unfold.Read more
Rosland Capital participated in the New Directions for Veterans’ 4th Annual “Walk for Warriors” 5K this past Memorial Day with a team made up of more than 20 employees. Team Rosland Capital was the top fundraising group at the event, raising more than $10,000 in an effort to improve the quality of life of our nation’s veterans.Read more
Despite improved economic indicators and optimism among Fed policymakers, in all truth, the economy remains anemic – and will continue to underperform for a very long time to come, suffering from what some economists have labeled “secular stagnation.” The latest economic data show a bounce back from the harsh winter interruption in activity – not an improvement in the underlying fundamentals as wishful thinkers believe.Read more
The past few weeks have been trying times for gold investors. Just when it looked like gold was set to break out into higher territory, the market shifted into reverse, leaving many investors and analysts wondering what was going on. To put some numbers on it, gold has now dropped some eight percent from its March 17th six-month high and is now hovering just above the technically significant $1280 support level.Read more
I’ve been surprised by the recent decline in the price of gold. I expected a stronger finish to the first quarter with gold somewhat higher – possibly even breaking out above the $1,400 an ounce level by the end of March – but this will now have to wait.
Two recent developments shifted trader expectations and triggered the recent round of selling:Read more
Russian saber-rattling sent gold over $1,350 an ounce earlier this week, its highest price in four months. But, contrary to many press reports, it was neither safe-haven demand nor physical buying that fueled gold’s short-lived price advance.Read more
Jeffrey Nichols, Senior Economic Advisor to Rosland Capital, had the following comments on the current gold-market situation and outlook:
So far, 2014 has been a year of recovery for gold. Trading recently near $1,320 an ounce, the metal is already up some 10 percent from its 2013 year-end price of $1,201.50 in the London bullion market.
Gold’s improvement was apparently quite a surprise to many of the most prominent analysts and investors who, forecasting the price through a rear-view mirror, expected prices to head further south. With gold possibly on a sustainable upswing, they are now busy jacking up their gold-price targets.Read more
Jeffrey Nichols, Senior Economic Advisor to Rosland Capital, had the following comments on the current gold market situation and outlook:
Over the past few years, as the broad equity-market averages moved from one high to the next, institutional investors – seeking higher quarter-to-quarter returns – moved out of physical gold and into stocks – at least, that is, until very recently.Read more