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Student's Question: my screen shows a divergence of MACD AND a convergence of Stoch. while USDJPY makes a closing triangle near the high of a long period. What...

In recent writings, I have forecasted a consolidation or small correction in gold. It rebounded $300/oz while most markets sputtered. Yet, at $1,000/oz gold was overbought and meeting technical resistance while stock indices and commodities were in the process of bottoming. As predicted, the Fed’s monetization and “reflation” trade has thus far failed to lift gold past $1,000/oz. Money is moving into other markets at a time when gold is relatively extended, but extremely extended in relation to these other markets. Various sentiment data provide us with greater confirmation that the ancient metal of kings is in a period of consolidation. First let’s take a look at Mark Hulbert’s sentiment data based on the attitudes of analysts who “time” gold. The following is excerpted from Hulbert’s March 31 column:Complete Story »

Sales at Genco Resources increased by six per cent last year, the company has confirmed.It announced that sales rose to $6.6 million (£4.5 million) for the 12 months up to December 31st 2008.The company said the boost was helped by the rising price of commodities - with gold jumping to a level of over $900 per ounce during the year.Genco also revealed that it spent $11.2 million in the last 12 months on exploration, new equipment and new mine development.Overall the company made a gross loss of $708,115 for the fiscal year, which it stated was due to costs relating to the ongoing feasibility study for mine expansion at La Guitarra as well as other expenditures and delays.In February Genco announced that it will be retaining the services of Salman Partners as financial advisers as it looks at the potential for acquisitions and mergers."We continue to explore opportunities to add value for Genco's shareholders during this period of market turbulence and uncertainty for many min

An artist in the US is using ancient techniques to incorporate gold into his collection of work.Agustin Vargas of Phoenix is to exhibit his work at the Arizona State University Gammage show between April 15th and June 21st.Mr Vargas uses more traditional materials such as oil and watercolour paint as well as adding 24-c gold leaf to his designs."My work is created from a foundation of ancient techniques combined with themes that are current and contemporary," he said.He noted that he is influenced by the Italian Renaissance period as well as Venetian techniques.Those interested in viewing an exhibition involving gold may wish to visit the latest artefacts to be displayed at the Victoria and Albert Museum, London.Costumes woven with an almost solid gold thread and a gilded Mexican altarpiece form part of the opulent Baroque 1620-1800: Style in the Age of Magnificence exhibition at the museum this month.The news feeds on this site are independently provided by Adfero Limited &c

Consumers seeking a gold engagement ring have been offered a ten per cent reduction on their purchases by one jeweller.From April 2nd until April 15th, buyers of engagement rings from Secret Diamond will benefit from price reductions.Included in the jeweller's collection is a range of 18-k pieces in either yellow or white gold.Owner of the firm Jim Morris stated: "We believe in providing exceptional quality and unbeatable value to our customers," adding that consumers can choose from "a variety of high-quality engagement rings".Buyers can also opt for man's engagement ring or vintage-inspired items.Gold vintage jewellery enthusiasts may be interested in a new exhibition in Hong Kong.Pieces that are nearly 500 years old are on display celebrating the Renaissance period in Europe are on show to mark the launch of new products from watch and jewellery maker Chamuet, CCTV International reported.The news feeds on this site are independently provided by Adfero Limited &co