Skip to main content

PM Complex Impulse Move: Where Is next Resistance ?

If the HUI has reached an area where it needs to rest for awhile and starts to build out a 3 to 6 week consolidation pattern, below is a rough idea of how it could happen based on the Chartology. First, there is no way to know right now what type of consolidation pattern could form.

Precious Metals Update Video: Gold's Rise - the "gorilla glue"

Gold's gorilla glue move: The bullish move higher:

Gold Price Crosses Over Historic $2,000 Per Ounce

They warned that the dollar would lose its value, and that gold would continue to increase in price. Which turned out to be exactly the case, and on Tuesday the gold price finally broke above the historic $2,000 per ounce level.

Asian Metals Market Update: August-6-2020, Good Gold Demand in India

There is good gold demand in India and in my view all over Asia today (considering historically high prices) as well as yesterday. People who did not buy gold at $1800 or $1950 were seen buying physical gold, physical silver and gold/silver jewelry.

Gold update we need to create the slingshot

Stops were triggered and buying accelerated. The gold market sentiment could turn 180 degrees? ​​​That will create the slingshot phase.

Metals Update Video: So much morning pouring into Gold

Gold's competition, the US Treasury yields at all time record lows. Silver is moving higher, not for industrial reasons

Asian Metals Market Update: August-5-2020, Gold is the only alternative

Current generation of new investors, obsessed with only stock market investment suddenly realizing the power of gold investment and silver investment.

Metals Update Video: Gold broke $2K, pulled back

Lots of Central Banks this week with updates. Gold's gold chart shows $2,009+ price Record overnight into Monday:

Gold SWOT: Real Yield on the 10-Year Treasury at a Record Low

The real yield on 10-year Treasuries closed at its lowest level ever of negative 0.9277 percent on Tuesday. This greatly boosts gold’s appeal since it does not offer interest like government bonds usually do.

Gold update: Rally getting long in the tooth

There is huge momentum in this market. There will be a flood of buyers into a dip-market:

Subscribe to Market Update