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Market Updates

Regression Events: A Good Tool to Have in Your Tool Box

Oil, Bitcoin, SPX, NASDAQ, Copper, Gold and Silver. Gold is getting late in the daily cycle low, we are due for a bottom any day now followed by a very big move to the upside.

Asian Metals Market Update: Let's Talk Gold

A weaker US dollar Index. Bond yield forming a long term top between March 2021 and May 2021 is also supporting gold price.

Precious Metals Update Video: Gold is holding its 200 d.m.a.

Lots of gold traders washed out. FOMC will have a lot of influence this week, bears remain in control short-term.

Technical Scoop: Gold and the precious metals appear to be coiling

Turmoil crises, inflation jump, bond rally, Fed taper, reverse repos, precious consolidation, oil high, fall wary

Gold SWOT: A Third of Emerging Market Central Banks Could Increase Gold Holdings

Demand should also be strong, as one in five central banks intend to increase reserves over the next year, according to the World Gold Council.

Gold update: Prepare to Buy the Undercut

The major attack on Friday was a pretty big clue that the cartel is not done.  The choppiness recently is evidence that they are having trouble taking gold down.  

Precious Metals Update Video: Gold is overbought and backing off

Weekly moving averages down near $1,790's. A fall down to even this price would not damage the weekly charts.

Time for Consolidation and Lower Volatility

The second half of the year could be the setup for the next leg higher in precious metals, which I anticipate could be one for the history books. There is time to prepare your portfolio, but some quality juniors have already started to move.

COT Gold, Silver & USDX Report - June 11, 2021

Positions as of Tuesday, June 8, 2021.

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