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Market Updates

Gold SWOT: Gold’s Consolidation After Reaching Record Highs Could Be Positive In the Longer Term

According to Bloomberg, gold’s consolidation after climbing to a record high earlier this month should be positive for the metal in the longer term.

Technical Scoop: Rate News, Copper Lead, Magnificent Falter

Gold hit a record high this past week following the Fed’s hold-the-line announcement on interest rates. The Fed also suggested up to three rate cuts in 2024. This sparked gold to rally to new all-time highs at $2,225 as we cleared $2,200 for the first time.

As the Stars Align for Gold Stocks

Let’s take a look at gold stocks through the prism of their relationship to gold and gold’s relationship to other markets.

Gold’s Fresh Highs; Fed’s Cred Demise?

Our takeaway these many years — rather than watch all the FinMedia bilge — comes from simply reading the Statement, in which for 20 March are these three key sentences...

Gold Mid-Tiers’ Q4 2023 Fundamentals

These great fundamentals will eventually attract back investors, fueling a dramatic mean reversion higher in undervalued gold-stock prices.  More gold record highs will accelerate this process.

Markets Shook by Central Bank Cuts in Switzerland & Mexico

Gold went to $2225 yesterday. By the end of the day yesterday, it finished at $2184. So you had a $41 break from that peak. I'm looking for $2149.50 to hold as support.

Metals: Doveish FED Sends Metals & Stock Indices Higher

The Bollinger top of $2250 – let's call it $2245 in that zone could be. I didn't say it is, but it could be where the next resistance point is.

Yen & USD: Wet Noodles Versus Gold

The good news is that with gold poised to rally about 20% (from $2100 to $2400-$2600), the miners are likely poised for an 80%+ “surge to the stars!”

Metals: FED Statement and Dot Plot

When I take a look at the gold market, the gold market is pretty flat going in. The market is up one-tenth of a percent for the week.

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