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Market Updates

India & The PCE: Bull Signals For Gold

Gold reached my newest buy zone of $2385-$2365. Subscribers bought modestly and the price is already up $20/oz from the low.

Big Demand for 2-Year US Debt Supports Gold

Notice how we've been just hanging here at this $2424.10 level...l ultimately think we're going up to another level here because India lowered the tax on gold.

Gold SWOT: Gold Is Finding Momentum, Touching a New All-Time High of $2,470

The best-performing precious metal for the week was gold, but still down 0.80%. Total known ETF holdings of gold bottomed out at 80 million troy ounces on May 13, 2024.

Metals Maintain Short Term Trend Down

The gold market tested a prior triple top and stays above the 18-week average. Despite pullback from a high of $2488.40, support is likely at the 18-day average of closes.

Asian Metals Market Update for 23rd July 2024

Long-term investors and medium-term investors, do not worry an iota for gold, silver, and copper. A 'buy on dips' mentality is still evident in gold and silver. Short selling is done only by intraday traders.

Technical Scoop: Precious Cheapness, Cut Expectation, Oil Rest

It was not a very good week for gold. However, the other precious metals fared even worse. Gold fell 0.9% after once again making new all-time highs to $2,488.

Another Gold Pop n’ Flop

Despite Gold having taken a bit of a blow for the week, the fresh parabolic Long trend “ought” see yet another All-Time-High, shall we say, “sooner than later." 

Asian Metals Market Update for 19th July 2024

I am not calling this week’s fall in gold and silver a bearish trend. This is just a correction and nothing else. Sector-wise position squaring and rebuilding is there.

Gold Stock Bears: Should They Retire?

The bottom line: There will be bumps in the gold bull era road, but gold bugs in the West likely have 36 years of very happy times ahead.

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