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Market Updates

Precious Metals Update Video: Gold Market Making a Stand Here

Gold weekly chart shows $1,857 weekly average support.  Daily gold chart shows over a month of drifting sideways. Daily chart narrowing in...

Gold SWOT: Nine Straight Months of Inflows Into Gold-Backed ETFs

Gold-backed ETFs saw a ninth-straight month of inflows in August, driven by growing appetite in Asia. Collectively, 39 tons of bullion, equivalent to $2.1 billion, were added to ETFs in August with 7 tons coming from Asia.

Counter Trend Moves Starting

Gold is churning sideways. Gold needs to start moving! Did the U.S. Dollar Index make its low? Intermediate cycle count-trend rally..

COT Gold, Silver & USDX Report - September 11, 2020

COT Gold Report - Positions as of Tuesday, September 8, 2020.

Big Gold-ETF Buying MIA

This gold bull’s precedent shows differential gold-ETF-share selling usually follows soon after big and fast holdings builds exhaust themselves.  Compounding these risks after gold’s recent parabolic upleg are the young traders who heavily drove it.  Their modus operandi is chasing upside momentum, and once that fails they are quick to abandon trades. 

Precious Metals Update Video: Gold caught in a sideways market

Gold is still caught in the sideways action. No trend. $1955 is the 18-day moving average. Bollinger Bands are tightening.

Gold And Silver Are Set Up For A Huge Move

Institutional investors have maybe 0.5% of their assets invested in the precious metals sector. At the peak of the gold/silver in 1980 institutions had 5% invested in the precious metals sector. Since then that allocation has not been above 1%. Eventually a monster move is coming in silver and the mining stocks, though no one can say when it will occur.

Market Update: Stocks, Gold, Dollar

Gold is bouncing back and forth from oversold to overbought. An entire month, we have gone absolutely nowhere.

Precious Metals Update Video: Gold spinning traders

Gold's 18 weekly closing average int he $1840's and rising. In the daily chart, price has not gone anywhere last month. Spinning traders around.

Precious Metals Update Video: Gold is Drifting

Dramatic shift in the markets the last 3 days.  In gold, no trend and drifting. The price is playing around these levels...

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