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Market Updates

Technical Scoop: Gold and the precious metals appear to be coiling

Turmoil crises, inflation jump, bond rally, Fed taper, reverse repos, precious consolidation, oil high, fall wary

Gold SWOT: A Third of Emerging Market Central Banks Could Increase Gold Holdings

Demand should also be strong, as one in five central banks intend to increase reserves over the next year, according to the World Gold Council.

Gold update: Prepare to Buy the Undercut

The major attack on Friday was a pretty big clue that the cartel is not done.  The choppiness recently is evidence that they are having trouble taking gold down.  

Precious Metals Update Video: Gold is overbought and backing off

Weekly moving averages down near $1,790's. A fall down to even this price would not damage the weekly charts.

Time for Consolidation and Lower Volatility

The second half of the year could be the setup for the next leg higher in precious metals, which I anticipate could be one for the history books. There is time to prepare your portfolio, but some quality juniors have already started to move.

COT Gold, Silver & USDX Report - June 11, 2021

Positions as of Tuesday, June 8, 2021.

Precious Metals Update Video: Another Sweet CPI Number

Interest rates are falling and this is bringing in bids into gold and silver. Gold's volatility bands narrowing, this can lead to volatility within the range.

Precious Metals Update Video: ECB meeting today

Gold has strong support on the daily Bollinger ban, near $1,867.

Precious Metals Update Video: Gold not in a trend short-term

Gold finding support around the moving averages.  Upside bias, momentum overbought..

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