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Market Updates

Metal Markets Still in Corrective Mode but Seem to be Losing Downside Traction

By Ira Epstein

So far for the week, the gold market is down 3.2%. If the market were totally fall out of bed, it could go back to the $2141 level. That's not what I'm expecting.

How the Dollar Reacts this Week Should Determine What Gold Does

By Ira Epstein

Don't know if it'll last or not, but starting down 2.96% on the daily chart, you can see how much gold fell. So, the gold market today really got hit hard; higher high, lower low, it broke the uptrend.

Gold SWOT: The Sharp Rise in Gold Prices This Year Could Provide a Nice Bump to Miners’ Earnings

By Frank Holmes, U.S. Global Investors

Assuming bullion prices hold through the end of June, the rise in gold prices could provide a nice bump to miner earnings starting in the current quarter.

Technical Scoop: Topping Signs, Material Rise, Defensive Energy

By David Chapman, Enriched Investing

Gold rising despite rising long interest rates and a rising US$ Index is interesting, as it appears to indicate a shift in sentiment. Yes, we have the fear trade, but we also have inflation eroding all fiat currencies.

Gold Fit to Pull Back a Bit

By Mark Mead Baillie

Silver now leads the year-to-date percentage tracks at +19.6%, followed by Oil +16.7% and then closely by Gold +16.2%.  The S&P’s once-inane gain has now fizzled to just +4.1%.

Gold's Remarkable Breakout

By Adam Hamilton, Zeal Research

Gold’s breakout to many new records wasn’t fueled by normal sources, but mostly from central banks and Chinese investors. This powerful upleg looks far from over.

COT Gold, Silver & USDX Report - April 19, 2024

By COT Gold Report

Positions as of 16 April, 2024

No Major US Economic Data Due

By Ira Epstein

It's up here pushing, as you can see, on a closing basis: $2378, not the highest high but a closing basis high. I said that we're in a distribution pattern.

Test in Store for Key Support in Gold

By Ira Epstein

Gold is still up 0.66%, $15.5 for the week. When we look at the daily bar chart, we're in a distribution area again. It still has the pattern of higher lows that have been in place but suddenly you have a high here and a peak here, it has a lower high.

Metals: Geopolitics, if Iran Attacks Israel or Not Will be Market Mover

By Ira Epstein

Gold got up to $2429 and then gave that up, but forget that. The trend is up still – there's nothing here that isn't up higher lows, higher highs. You're well over the 18-week average of closes, which by the way, is moving to the tune each week of about $20. 

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