first majestic silver

Gold In 60 Seconds

Market Analyst & Author
April 17, 2016

Greetings from sunny Santa Ana, which is about one-third the distance of the some 12,000-square mile seemingly endless slab of concrete that over the decades has been poured from Malibu to Mexico. The 18,000,000 population of the "greater" Los Angeles area alone is more than double that of the entire country of Switzerland. This is where you come to find sameness and disappear from the radar.

As mentioned in last week's missive, we have an abbreviated piece this time 'round. We are down here today to say a few words regarding the passing of an ardent reader of The Gold Update, who moreover was an ever-faithful, seasoned citizen friend these last 38 years.

So given that, and in the knowledge that you veteran readers are familiar with the most standard of our graphic displays, follows is our usual Golden eye-candy in its colourful array, through yesterday's (Friday's) settle at 1236.

Here are Gold's weekly bars -- and the still squeezing parabolic Long trend -- from a year ago to date:

Here are the pairing of Gold's daily bars (left) over the last three months, dotted with their "Baby Blues" of trend consistency, and the 10-day Market Profile (right):

Here are the same analytics for Sister Silver:

Here is the 21-day (month ago-to-date) comparison of the percentage changes in Gold versus the S&P 500, their "mirror-like" image having returned:

Here is the one-year view of the Economic Barometer along with the S&P. The "Beige Book" issued this past week by the Federal Reserve Bank notes that our economy continued to expand from late February to early April. You be the judge:

Here's the present state of The Gold Stack:

The Gold Stack
Gold's Value per Dollar Debasement, (from our opening "Scoreboard"): 2563
Gold’s All-Time High: 1923 (06 September 2011)
The Gateway to 2000: 1900+
Gold’s All-Time Closing High: 1900 (22 August 2011)
The Final Frontier: 1800-1900
The Northern Front: 1750-1800
On Maneuvers: 1579-1750
The Floor: 1466-1579
Le Sous-sol: Sub-1466
Base Camp: 1377
Neverland: The Whiny 1290s
Year-to-Date High: 1280
10-Session directional range: up to 1265 (from 1216) = +49 points or +4%
Trading Resistance: 1251 / 1257 / 1260
Resistance Band: 1240-1280
10-Session “volume-weighted” average price magnet: 1239
Gold Currently: 1236, (weighted-average trading range per day: 18 points)
Trading Support: 1232 / 1227 / 1220
The Weekly Parabolic Price to flip Short: 1210
The 300-Day Moving Average: 1159
Year-to-Date Low: 1061

And in closing...

Here's to Big Al: in our minds, you'll always be Eternally Golden. Rest in peace my dear friend!

Mark Mead Baillie

Mark Mead Baillie has had an extensive business career beginning in banking and financial services for two years with Banque Nationale de Paris to corporate research for three years at Barclays Bank and then for six years as an analyst and corporate lender with Société Générale.
For the last 22 years he has expanded his financial expertise by creating his own financial services company, de Meadville International, which comprehensively follows his BEGOS complex of markets (Bond/Euro/Gold/Oil/S&P) and the trading of the futures therein. He is recognized within the financial community of demonstrating creative technical skills that surpass industry standards toward making highly informed market assessments and his work is featured in Merrill Lynch Wealth Management client presentations.  He has adapted such skills into becoming the popular author each week of the prolific “The Gold Update” and is known in the financial website community as “mmb” and “deMeadville”.
Mr. Baillie holds a BS in Business from the University of Southern California and an MBA in Finance from Golden Gate University.

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