Mark Mead Baillie
Mark Mead Baillie Articles
Now don't take that title too negatively: 'tis nothing short of marvelous to finally find Gold well up and away from The Box (1280-1240) which had been its centerpiece trading area for the last six years, let alone just four weeks ago...
Greetings this time 'round from Squaw Valley, where -- as has Gold piled onto price throughout these past seven weeks -- the snow depth for skiing still is piled seven feet high at the 8,200-foot (2,500-metre) level. Skiing in July? Get it...
Two weeks ago Gold ~finally~ surpassed the long-sought level of Base Camp 1377: check off that milestone box! Then during this past week, Gold met (per the above opening Scoreboard) our "conservative" forecast high for this year of 1434:...
Welcome to The Gold Update No. 501 ... and one we've been anticipating given what Gold has just done.
Not to dwell upon today marking our 500th consecutive Saturday penning of this missive: such milestone is merely a function of the world's accepted mathematical practice of functioning in "base 10". (Were we instead oriented to the octal...
Gold just posted its best net weekly percentage gain (+2.6%) since that ending 13 April 2017, (and its best weekly points gain [+35] since that ending 29 April 2016).
To wit this bit from last week's missive: "...[Gold's] trend could well flip to Long within just a week's time simply through normal trading oscillation: the distance from present price (1284) to parabolic (1306) is 22 points; Gold's '...
Per the above Scoreboard, Gold year-to-date clearly is tracking with the least degree of comparative alacrity to the prior three years, the price plot plodding along with a wee downside bias as if 'twere all quiet on the financial front.
Gold's year-to-date track per the above Scoreboard is but a mild downward drift, quite akin to that which 'twas to this point in 2018, and certainly not as were the more robust upside progressions across the same stint in 2017 and 2016.
In a sense in sequel to that which we penned a week ago ("Gold Sits On Its Box Whilst The Herd Chase Stocks"), Gold remains lifeless as another week passes, although the balance of the herd finally is paying the price for overdosing on...
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