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Market Updates

Dollar Rally Did Not Hold

What a day (Friday)! Gold rallied back after a big break. Gold on a weekly closing basis shows a new record high, but still in the resistance zone.

COT Gold, Silver & USDX Report - May5, 2023

Positions as of Tuesday, May 2, 2023

Still Lots of Time To Get on Board the Gold Train

Many are still on the sidelines, but it is not too late ... at all ... there is a lot of potential in the next 2-3 years when we enter into the bubble phase in gold. It may take 5-6 years to develop or it may happen quickly, 1.5-2 years:

Jobs Data Should Rule The Trade at 7:30AM Central

Gold is looking good, but I hate the pattern -- higher high and lower high. No trend after a strong $100 rise, daily price action over the Bollinger band. So caution short-term...

Jobs Data Friday Will be Next Market Mover

The markets are scared that another bank failure is coming. Lot to digest coming up for gold ...

What to Expect Ahead of the FOMC

Will the regional banks selling off trigger a gold move? Or is gold losing an opportunity in its daily cycle ...

Gold SWOT: Gold prices in India have soared to their highest ever

Investors are buying into platinum ETFs as power cuts in South Africa threaten the output of the world’s top producer. Holdings in funds backed by the metal surged..

Gold Shows its Colors by Hitting New Highs

Markets widely expecting a 25 basis point hike. Gold does not have a trend but bias is up. Upside resistance first seen near $2,042..

A Slapstick Comedy & Gold

It is a time to cheer that the price keeps rising.  All gold bugs should own substantial core positions… so they enjoy the rise!

GDP Will Go Negative As Market Reaches New All-Time Highs

I think it's quite clear to everyone that 4050SPX is a very important support right now. And, as long as the market only..

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