Mark Mead Baillie
Mark Mead Baillie Articles
To date in 2020, Gold has been up as much as 6.1% (to 1613) from last year's close (of 1520), the brief spike coming on "nuthin' but GEOPEEE, baby!", such universally-now-known "sell the news" axiom in turn finding Gold now up only 2.5%...
Well, dear readers, again it has happened. Or, for those vacuum-bound wherein life is but Gold's week-to-week net closing price, nothing has happened, given it having settled yesterday (Friday) at 1563 to eke out a wee weekly gain of just...
With two 2020 trading days under our belt (and hopefully you can buckle yours post-holiday), we find Gold at 1555, up a swift 2.3%. To achieve the above Scoreboard's forecast high for this year of 1675, price en route shall have to find...
What a wonderful week for Gold! In settling yesterday (Friday) at 1516, 'twas Gold's best week by both percentage (+2.2%) and points (+33) since than ending 09 August. And it brought with it a terrific trifecta! Here we go!
Our five most recent missives have been championing Gold to: 1) not only stay buoyed by the 1454-1434 "support shelf" as we've seen, but moreover 2) rise into year-end, typically as it has done in the prior three per the above Scoreboard.
History doesn't already repeat itself -- and traders who blindly expect it to so do (i.e. sans subjective review) are oft flushed down the loo -- but 'tis the season to be jolly. For in looking per the above Scoreboard at Gold's weekly...
Following Gold's fall from the 1500s back on 05 November, our missives these past several weeks have found us fairly bulled-up throughout. Trusting the 1454-1434 "support shelf" as a pricing base has thus far been Gold's saving grace.
Gold settled out the week yesterday (Friday) at 1470 en route to its best up year -- at present +14.5% -- since 2010.
In looking from here into year's end, our best judgmental read is for higher Gold ahead. With Gold having settled out the week yesterday (Friday) at 1462, you may recall from a few missives back our having been asked at a Sunday Investors...
We've herein gone on now for nine weeks nearly ad nausea about the Gold pricing zone of 1454-1434 being an anticipated "support shelf". And indeed, now with nine weeks notched of parabolic Short trend, Gold's price finally has truly tested...
