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Market Updates

A Number of Metals Spinning Their Wheels Right Now

Fed rate cuts are generally friendly to the metal markets...it appears to me that these cuts are meant to take place as you still have sticky inflation, and that doesn't hurt gold either.

Technical Scoop: Fifty Expectation, Recession Signs, Precious Disconnect

We remain optimistic that gold is going higher. Maybe we’ll see some resistance here at $2,600 but ultimately, we should be next headed for $2,700.

Asian Metals Market Update for 16th September 2024

If spot gold rises to $2850.00 or more in the next thirty days, then the chance of a big crash will be equally high.

Gold, USD, & Rates: Key Wave Counts

We expect higher prices in gold next week. We are now rallying in wave ^iii^, which could he heading to our next projected endpoint of: ^iii^ = 4.236^i^ = 2936.80! Active Positions: Long, with puts as stops! 

Fresh Gold Highs for Buyers Wise

The year-to-date buying participation in Gold is the best ’tis been since COVID kicked in back in 2020. 

Gold Pullback Risks Mount

A catalyst could spark major gold-futures selling which could quickly snowball, slamming gold into a larger pullback. But this doesn’t guarantee an imminent gold selloff. 

Up Up and Away!

The market has now got a pattern of higher lows and higher highs: bullish.

Silver & Gold Saw Lots of Short Covering This Week

I call the market stuck between $2570 down to this support near the $2500 level, caught in there, and we now have a pattern of lower highs and higher lows. 

Asian Metals Market Update for 12th September

The chance of gold price falling to $2100 and below and that for a few weeks to a few months (in the next sixty months) is zero as of date. 

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