We have still a huge gap until the 200 day moving average, near 97.39 on the USDX. Gold is now in a strongly trending environment. $1,900 is my final indication that...
Wild swings, 1K swings in the DOW left and right. The markets look like they want to still rally but we will need to see what Powell says today. Gold is hitting a brick wall at the upper Bollinger band..
Both charts look fabulous and both have price targets of about $2000, but in one scenario (the first chart) gold moves up from “about here”, and in the other there’s a pullback to the $1700-$1680 zone first.
The world’s second-largest consumer of the precious metal, almost all of which is purchased from abroad, has asked the Finance Ministry to consider reducing the tariff to about 10% from 12.5%...
Of course there will be a huge battle here. There will be corrections along a generally trending, climbing price action. This is an environment where you can make a lot of money.
When I was younger, I was taught that if you cannot say something nice, don't say anything at all. Well, when many of you have asked why I have not written about metals in quite some time, now you know the reason.
Getting ready for a very active week. CPI on Tuesday, FOMC and Wednesday. For the CPI, looking at the breakdown because on one hand you have had the energy price crash.
