Hong Kong’s pension fund will reportedly be able to invest in additional gold ETFs as part of the government’s initiative to position the city as a global gold trading hub.
Either way, we segue to Gold’s weekly bars from one year ago-to-date, the red-dotted parabolic Short trend continuing to pound its way down. But “upon further review” price is significantly below...
Just when you thought it was safe to go back in the water, the Memorandum of Understanding fell apart, and they are back to bombing each other (Iran/US). Will the new hostilities last with yet another ceasefire? Or will this continue for whatever period of time?
Last quarter’s ongoing high prevailing gold prices combined with stable mining costs and rising production will fuel fat windfall profits. This will be gold miners’ 12th consecutive quarter of huge earnings growth.
Ira Epstein covers the current state of the metal markets, noting a slight pullback in metals after an update, while energy markets experienced a significant drop.
Epstein notes the impact of recent developments on the metal markets, observing that while prices have dropped, they are not at their lowest, suggesting market desensitization...
Those $4100-$3900 buys (gold, silver, and miners) are done and now investors can reasonably anticipate a well-deserved rally to the modest sell zone of $4800-$5000.
