Positions as of 2 November, 2021
Gold market is not an easy market to make money in. Up a little, down a little. Almost impossible to make sustainable gains right now. Virtually impossible to time the tops and bottoms during this churning stage.
$1,756 area support for gold on pullbacks. Trend and bias down, not in an oversold condition.
Interest rate hike expectation by the Federal Reserve will be key theme for global financial markets till Easter of 2022.
US October private ADP jobs number (before FOMC meets today) can have a far bigger impact than taper in precious metals market.
Friday's action indicates that the market has inside information that the Fed is going to taper? The attack of gold on Friday was a warning sign..
But, if you are viewing markets from an intellectually honest perspective, then you would realize that it just doesn't matter.
Lower highs, lower lows -- that's a downtrend until the market gets above $1,812.70.
$6.2 billion in 2021, outpacing the 35% increase in the global nonferrous exploration budget.
The stock market's strong rally during the traditionally difficult month of October has left many wondering what it will take to pop the bubble.
