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Market Updates

Technical Scoop: Money push, job rot, low inflation, positive conditions, oversold gold, shorts cut, OPEC cuts

Gold bull and bear markets is the theme of our opening piece this week. And what does all this money being pushed into the financial system mean? Hyperinflation as some are calling for? The U.S. job numbers were much better than expected. But were they? Underneath there is rot.

Gold Part 1…An Honest Look at Gold’s Chartolgy

As you well know the PM complex has been trading at a very important inflection point for the last month or so looking for the next important move either up or down.

Precious Metals Update Video: Gold is bouncing, Bears will test them

A bounce in an overall bearish market. $1,739.10 needed to break through to change the trend.

Asian Metals Market Update: Bond yields will pay a key role this week

Spot gold. View: Key support is at $1682.30. Key resistance is at $1717.10.

COT Gold, Silver & USDX Report - March 5, 2021

Positions as of Tuesday, March 2, 2021.

Gold’s Momentum Selloff

The good news is the gold-futures selling that ignited all this is finite, and is likely nearing exhaustion.  After that, gold should rally hard.

Precious Metals Update Video: Running the Bollinger Band

Gold needs to get above the swingline number of $1,739.10 to break the downtrend. $1,774.70 is the 18 day m.a.

Volatility Event

May be time to start scaling into metal positions.

Precious Metals Update Video: Stock market does not like higher rates

18 week moving average is at $1835.70.  $1,739.10 is key for bears today.

Precious Metals Update Video: Gold has some work to do

Most markets are waffling around. Gold a stepping ladder lower. In a bear trend. But these levels will shift the sentiment..

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