Gary Savage
Gary Savage Articles
I think we can safely assume the Brexit vote is going to fail. This should be bullish for stocks and bearish for the dollar. A falling dollar should be good for gold. However, with stocks and oil moving higher it’s likely to take some...
I see traders everywhere worrying about how the Brexit vote will effect gold. Folks, forget about the Brexit. By this time next week the Brexit will already be fading into memory. Consequently, the market will go back to doing what it was...
Assuming gold continues to decouple as the dollar completes its final intermediate rally, we could see gold trend generally higher until fall. I would think a reasonable target by then to be be between 1450 and 1550.
The dollar is at an important crossroads. Its next move will have significant implications for the future price direction of the precious metals markets.
The voice of complacency says no pullback in gold. Anyone who took profits will not get a chance to reenter. Here is the chart. Clearly this analyst was expecting gold to soon take out the 2014 high. It’s forming a Bull Flag and Cup&...
I previously said one doesn’t need to chase the rally during the second leg, because any gains would not be sustainable and would subsequently be given back.
So far gold has done exactly as I predicted. The minute the dollar bottomed, gold topped. I think this is a good time for Old Turkeys to place a hedge on their metals positions.
I like the odds that Friday marked the bottom of the daily cycle and half intermediate cycle decline. The next daily cycle should be right translated as well and rally at least into the second week of June before the market starts to get...
As is always the case at these major turning points, the usual analysts are going to get it wrong again. The dollar is finishing an intermediate cycle decline, not starting one.
Regression to the mean. There is one universal law in this business and it never, never gets broken. Price always regresses to the mean. This one is like death and taxes. It is never violated. And the further price stretches in one...
