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Market Updates

Asian Metals Update August-24-2020: Volatility in Silver

Trade very carefully in silver and copper this week as there can be abrupt price moves.

COT Gold, Silver & USDX Report - August 21, 2020

COT Gold Report - Positions as of  Tuesday, August 18, 2020

Gold Correction or Consolidation?

Gold is late in its intermediate cycle move that one of two things will likely happen.

Precious Metals Update Video: Washout, Caution in Gold & Silver

Gold is not in a trend short-term. Below the 18-dma, biased down. Bollinger bands: $1915.60 and $1990 on the upper end. 

Gold Update: (video)

Final daily cycle low made a week ago? Price will roll-over and fall into October..

Precious Metals Update Video: Huge Breaks in Metals, Neutral Daily Gold Chart

Fed is still really 'covid19' concerned, the reaction not friendly to inflation comments. A change for a day, more than a correction?

Precious Metals Update Video: US Dollar Index Rally Fell Apart

Gold is caught in a mid-way range, trend is up.

Gold: $2000 Recaptured!

Gold has recaptured the $2000 price marker, and there’s already a noticeable pattern of higher highs and higher lows from the low of the reaction.  That’s bullish action!

Asian Metals Market Update: FOMC Minutes & Protectionism

Protectionism is something we have ignored in the past few months. Nations are trying to be self-independent in all possible ways. India’s policy of “Aaatmanirbhar bharat” (self sufficient India) is also a form of trade protectionism.

Gold SWOT: Warren Buffett Invests in Barrick

In a Bloomberg interview, Lu said there is still huge upside potential for gold prices and they “might hit $5,000 per ounce on a five-year horizon.” Due to rapid money printing, Lu is bullish on gold and said gold-related assets account for the biggest weight in his portfolio.

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