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Market Updates

Gold Summer Doldrums 5

The seasonal weakness tends to be compressed into early June, with gold and its miners’ stocks carving summer lows in mid-June on average.  From there gold and gold stocks..

Gold Update Video: Strong support just below $1,800

Gold is not showing itself to be an inflation hedge, bitcoin definitely not. Gold has strong support just below $1,800 today.

Gold Update Video: Sidelines during the holiday trade

I suggested for traders to cover shorts on gold here and go on sidelines during the holiday period. $1,834.90 needs to be taken out to break the negative view.

A Look at Energy and Gold

Energy stocks got too stretched, too far and needed to correct. I believe gold is going to hold the sub $1,800 lows and will defeat price dump attempts.

Gold Update Video: Another leg down to challenge $1,800?

That is what the gold market is trying to figure out here. In China, I do not believe what they are saying. Get ready for the seasonal covid wave coming, what does that mean?

Gold Update Video: Downside bias, below averages

Gold has been drifting here for weeks and weeks. Market has downside bias, below the averages..

Gold SWOT: Total Gold Held By ETFs Has Risen 7.4% So Far This Year
Total gold held by ETFs has risen 7.4% this year to 105.1 million ounces (net purchases to 7.27 million ounces).
Frank Holmes Mon, 06/27/2022 - 12:57
Your Bear Rally Road Map
The chart is intended to take some of the guesswork out of determining how high this presumably doomed stock-market rally is likely to go. Not very, would be my guess.
Rick Ackerman Mon, 06/27/2022 - 04:47
Gold Update Video: Still holding supports
Ending of an important quarter and holiday upcoming. Gold held up around $1,820's as expected and now we look where it goes next.
Ira Epstein Mon, 06/27/2022 - 01:58
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