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Market Updates

Gold Fit to Pull Back a Bit

By Mark Mead Baillie

Silver now leads the year-to-date percentage tracks at +19.6%, followed by Oil +16.7% and then closely by Gold +16.2%.  The S&P’s once-inane gain has now fizzled to just +4.1%.

Gold's Remarkable Breakout

By Adam Hamilton, Zeal Research

Gold’s breakout to many new records wasn’t fueled by normal sources, but mostly from central banks and Chinese investors. This powerful upleg looks far from over.

COT Gold, Silver & USDX Report - April 19, 2024

By COT Gold Report

Positions as of 16 April, 2024

No Major US Economic Data Due

By Ira Epstein

It's up here pushing, as you can see, on a closing basis: $2378, not the highest high but a closing basis high. I said that we're in a distribution pattern.

Test in Store for Key Support in Gold

By Ira Epstein

Gold is still up 0.66%, $15.5 for the week. When we look at the daily bar chart, we're in a distribution area again. It still has the pattern of higher lows that have been in place but suddenly you have a high here and a peak here, it has a lower high.

Metals: Geopolitics, if Iran Attacks Israel or Not Will be Market Mover

By Ira Epstein

Gold got up to $2429 and then gave that up, but forget that. The trend is up still – there's nothing here that isn't up higher lows, higher highs. You're well over the 18-week average of closes, which by the way, is moving to the tune each week of about $20. 

Gold SWOT: Gold Continues to Set New Record Highs

By Frank Holmes, U.S. Global Investors

Bigger players have been moving into gold. Now that it is setting new all-time highs, this could spur retail buying if the tide shifts.

Metals: Israel's Military Issues Threat to Iran

By Ira Epstein

Until the recent low is taken out of $2340.20, I think that is the line in the sand now for the bulls and they're going to try to push on the market if they can.

Technical Scoop: Precious Record, Cut Question, Booming Commodities

By David Chapman, Enriched Investing

Gold is up 14.6% in 2024, silver up 17.6%, and copper up 9.5%. Gold’s safe-haven status was fully recognized, given the rush into gold this past week. Note how the volume leaped.

Gold Achieves Our Forecast High for This Year

By Mark Mead Baillie

"Are you forecasting a higher price for this year?" We shan’t, having already staked our claim.  Still, so as to keep eyebrows raised, let’s reprise what made the $2,375 call...

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