It’s been a long time since a full Gold Market update was posted on the site because frankly it has been too boring a market, but what happened last week looks highly significant ..
Gold is probably at a resistance where it take another hit. I doubt the cartel will let gold get through on the first try. Gold miners' bottom opportunity..
Any big deterioration in Afghanistan will positively impact gold price. In recent times geopolitics did not impact the gold price. But this is a big failure.
Monday’s ratio between the gold and stock ETFs was the lowest since September 2005, according to data compiled by Bloomberg. The ratio was down 44% from a March 2020 peak..
As of now, I maintain my long-held expectation to see the market in the 6000SPX region in the coming years, of course, unless the market tells us otherwise.
