Here is today’s gold news for gold, silver and the mining stocks.
The Good News For Gold
September 9 (King World News) – Peter Schiff: Everything sold off the moment the government released record negative jobs revisions. It was a classic buy the rumor, sell the news trade. Of all the markets that sold off, the one that should rally back to hit new highs is gold. Bad news on jobs is good news for gold.
The Real Reason Gold Is Rising
Peter Schiff: The mainstream media has no idea why gold is rising. They attribute the gain to uncertainty, volatility, or rising geopolitical risks. They refuse to recognize that rising unemployment, swelling federal deficits, rate cuts, and a weakening dollar will lead to soaring inflation.
Gold Miners
Ole Hansen, Head of Commodity Strategy at SaxoBank: My non-scientific view on gold, based on the relationship between XAUUSD and its 200-day moving average, points to renewed upside after a four-month consolidation that allowed the 200-DMA to catch up and reduce overstretched conditions.
KING WORLD NEWS NOTE: XAU Gold Mining Index Surging Once Again After Breaking Out Of Consolidation Pattern
The lower chart shows the percentage gap between spot gold and its 200-DMA. Since 2006, a 20% gap has triggered a correction on six occasions, most recently in April when gold spiked to USD 3,500.
KING WORLD NEWS NOTE: Gold Price Has Room To Run On The Upside
Silver vs Gold
Graddhy out of Sweden: The Silver-to-Gold-Ratio (SGR) here, which is the reverse Gold/Silver Ratio (GSR), has a cleaner pattern than GSR. This chart now looks ready to deliver a historical up-move and lifetime opportunity.
KING WORLD NEWS NOTE: Silver Coiled To Skyrocket vs Gold
Awesome chart. Big bullish reversal at support last quarter. I think the time has come.
$10,000 Gold
To listen to Gerald Celente discuss his prediction for $10,000 gold CLICK HERE OR ON THE IMAGE BELOW.
Gold Blastoff!
To listen to Alasdair Macleod discuss $100,000 gold and the wild trading this week in gold, silver and the mining stocks CLICK HERE OR ON THE IMAGE BELOW.
© 2025 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
