The track of Gold's weekly closes in the above Scoreboard tells quite the tale of the tape: that Gold thus far this year has been unfit to defeat the overhead resistance forces of The Northern Front (1750-1800).
Last Monday's mail bag brought with it the following question from an esteemed member of our Investors Roundtable with respect to Gold, especially given the recent leveraged strength amongst leading precious metals equities as we'd...
Gold just wrapped up its fifth trading month of 2020 in settling yesterday (Friday) at 1743, which by the "incoming" premium-heavy August contract was a weekly loss of 11 points and by the "outgoing" June contract was a loss of 4 points.
Oh say it ain't so, but is COVID already baked into the price of Gold? "Preposterous!" you say, as do we. Just look above right at the U.S. Dollar's debasement spree, the Gold line running a far distant second in trying to catch up to the...
So much for "Gold's Near-Term Trend Turns Negative", the title of last week's missive, proving once again that price moves ahead of that which technical analysis later behooves. Below in the left-hand panel across Gold's last 21 trading...
Not that this week's title came without warning per this end-of-day table presented in The Gold Update three weeks ago, Gold having closed back then on 17 April per the red box at 1695.
This week's title is a no-brainer given last week's was "Gold Battles for The Northern Front (1750-1800)". Simply stated, after Gold's multiple battles across the prior three weeks in attempting to take The Northern Front, this most recent...
A favourite expression of dear old Dad toward successfully achieving one's goal was to "be in there battling", enhanced with a few hand claps, before shuffling back into his library. And in settling out this past week yesterday (Friday) at...
The best, brightest -- and moreover duly accomplished -- Gold analysts these past few weeks quite understandably have been in full throat calling for "Gold 2000 by the end of April!" or "Gold 2500 by June!" So much so have they put Gold on...
In concert with Federal Reserve Chairman Jerome Powell's Thursday announcement of a $2.3 trillion monetary injection for the U.S. economy -- on top of the federal government's $2.2 trillion economic aid package and with even more trillions...