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Market Updates

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..

Real Rates, Gold, & The Miners

The disappointing price action in gold (against the dollar) is mainly related to the perceived rise in real interest rates.

Precious Metals Update Video: Where might gold hit bottom?

Gold still having the same problem, but that will change.

Gold SWOT: Goldman Lowers Its Gold Price Forecast to $2,000, Down From $2,300

Fed Chairman Jerome Powell spoke on Tuesday and signaled the central bank will continue to support the economy and is nowhere close to unwinding its easy policy.

Gold update: More bells ringing that metals are close to a bottom

Commercials got rid a big chunk of their shorts. Signs that this long consolidation in Gold is over or close to a bottom. The bloodbath phase..

Technical Scoop: Funky economies, stock fuel, political shift, zombie companies, concerning interest, gold lag, corrective pose

Gold continues to struggle and $1,700 is now looming. But silver, platinum and copper are holding up and leading. That supports our belief that once this passes we could embark on another strong up move. But there are gold bears out there too.

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