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Market Updates

Precious Metals Update Video: Interest rates to fall post pandemic?

Post pandemic, the study shows that interest rates fall. Gold monthly chart is showing a want for a breakout, to either side. 

COT Gold, Silver & USDX Report - July 9, 2021

Positions as of Tuesday, July 6, 2021.

Precious Metals Update Video: Gold can't hold its gains

Gold was a terrible fail yesterday. It had so much going for it and it just couldn't hold its gains. Strong support in the $1,790's.

Oil Update: Target Reached

It is entirely possible the resistance can break and smart money will sell to dumb retail.

Precious Metals Update Video: Momentum and bias is up

FOMC minutes came out and negative real rates and helped gold. Gold has resistance near $1,838 and chartists taking note.

Precious Metals Update Video: Gold's momentum turning up

Gold being pulled to the 100 and 18 day moving averages.  200 day moving average near $1,840 is next.

Gold SWOT: Mining Companies Are Increasing Production

Gold continues to be sold by ETFs, with the Thursday trading sessions witnessing their largest redemptions for the week. On a year-to-date basis, gold ETFs have reduced their holdings by nearly 6%.

Is Gold in a Cyclical Bear Market?

In a recent article gold analyst “Plunger” made the case that gold is in a cyclical bear market. In cycle terms he’s saying the 8 year cycle has topped. However there are a few inconsistencies that make me hesitant to jump on the bear band wagon right now.

Asian Metals Market Update: Dissecting June to October's Trend for Gold and Silver

Just like gold, silver generally has had a lacklustre four months between June to October. Unlike precious five years, momentum for silver is very bullish.

Technical Scoop: Jobs grow, labour falls, stocks up, yields down, Dollar climbs, gold rises, oil diverges, West burns

It is noteworthy that the U.S. is still short 6.8 million jobs from a year ago February 2020. And the population has grown. Many have dropped out of the labour force.

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