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Market Updates

Gold Futures Reloaded

The coming gold-futures buying alone will push gold much higher. The euphoric AI stock-market bubble should soon roll over, which should also boost gold investment demand.

Gold Stocks: Bullish But No Buy Signal Yet

We make plays on NUGT, DUST, JNUG, UCO, and other key leveraged ETFs, as well as some individual stocks. Tight stop losses on every trade keep drawdowns in check.  

The PCE Report: A Rocket Launch For Gold

On this weekly line chart, gold is consolidating what appears to be a major breakout from a broadening formation. The top of the formation is the key $2000 price zone, making this breakout a very significant event.

Gold Still Looks to be Under Selling Pressure

When you're over an 18-week average and you come back often, the market will stall there figuring out what the next move is. When we look at the daily bar chart today, you had an outside day to the downside.

Keep Your Eye on EIA Petroleum Stock

You're looking at the $2027-2023 area and if you get over that high, you're no longer in the downtrend. Here's your battleground; the pros are probably selling against this $2039 level that we've talked about.

FOMC Minutes and NVIDIA Earnings After Market Close

The swing light is still down, with lower highs and lower lows, and lo and behold $2039.70 – the 18-day average. So, what I was looking for happened.

Gold SWOT: Palladium and Silver Are Doing Well

Bloomberg reported U.S. January retail sales and weekly jobs claims came in softer-than-expected and gold got a nice lift at the end of the week, but not enough to flip in a positive rise in price like the other precious metals.

Technical Scoop: Vibrant Inflation, Rising Oil, Possible Turn

Gold fell then bounced back and silver leaped. Gold needs to take out $2,050, $2,060, $2,080, and $2,100 to convince us we are moving higher.

Copper, This Dog Will Hunt

Historically, when the copper-gold ratio and the 10-year yield diverge, the 10-year tends to follow the ratio. For example in the third quarter of 2022, yields moved higher while the copper-gold ratio moved lower.

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