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Market Updates

Kansas City Fed May Manufacturing Composite Out at 10AM CT

The gold market pattern has changed today. Did you see yesterday's market action in the morning? The short covering spree. Trying to short gold here is a land mine..

Rally Time For Gold?

The global de-dollarization tidal wave is an issue separate from the US debt problem, but it will make the debt harder to expand and service, since there will be less demand for dollars.

Gold Price Update Video: Short covering zone for bears

Gold got a bit of bid while the dollar was firm and rates rising, gold finding some traction here. Gold's support at the $1,952 area... this is a short covering zone for bears.

Looking For The Next Shoe To Drop In The Market

As of this point in time, I cannot provide any clear guidance as to which path the market will take in the last half of 2023. I simply will have wait until the market provides clarity based upon the structure of the next decline towards 3700-3900SPX.

Gold & Silver Correction Before Macro Catalyst

A stronger stock market pushes out Fed rate cuts and leads to higher real interest rates in the short term. Furthermore, the US Dollar is rebounding. All of these factors could pressure precious metals into summer.

Gold Price Update Video: Markets Focused on a Pause..

Markets are not focused on much else except the coming pause in Fed rate rises. Gold is falling with a rising Dollar and could fall to the $1941.30 area and still be bullish...

Technical Scoop: 2022 losses, looming ceiling, inflation height, G7 lag, limited gains, hikes unlikely, golden aid, bottoming oil

A Financial Times article noted that collectively the world lost $23 trillion in 2022 in both stocks, bonds, housing. We still have the debt ceiling war looming over us.

Gold SWOT: Newmont has agreed to acquire Newcrest in a friendly all-share transaction

Bloomberg reports that copper is at the heart of the latest spending spree by miners, amid expectations that demand for the metal will rise as the world decarbonizes.

Trade the Trending Market: Gold

Most traders do not recognize a trend until it is matured and then buy into the trend right as it is about to have a severe correction or go sideways. I think gold is going to trend again strongly after...

Asian Metals Market Update: Will the US dollar Index continue to rise this week?

The question which I am asking myself is will be there new lows  in gold, silver and copper or will be they near/break the high price of the month of May?

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