A foundational phrase throughout these many years of penning The Gold Update is "Being Short Gold is a bad idea." 'Cept that since 06 September 2011 when the price of Gold peaked at 1923, Short has materially been the side to court, or as...
Gold is doing pretty darn well following its 24-week up run having turned down two weeks ago (as measured by the weekly parabolic trend). The two supportive areas to which we've repeatedly referred -- The Whiny 1290s and The Box (1280-1240...
Cue Willie Nelson from back in '67 as we open straightaway with "Turn out the lights the party's over. They say that all good things must end..."Which is what Gold's 24-week parabolic Long trend just did, the nearly six-month ascent...
Mind you that Gold on this run has not recorded 24 consecutive up weeks: indeed seven of them have been down. But the overall weekly parabolic Long trend is now up for the 24th straight week. And as you regular readers know, that's sayin'...
'Twas almost as if listening to oneself on the radio, 'cept that 'twasn't oneself. With that tease, let's first roll back to this bit we penned last autumn when writing from across the pond at our favourite beach-side bistro. You may...
Upon there being nothing in your petrol tank, (or for you Tesla-types out there nothing in the form of ions in your anode), your vehicular conveyance stalls. As well this past week, Gold found itself fuel-less with nothing to give it go.
Now before all y'all get yer boxers in a bunch over "How can you say 'Ordinary' when the likes of Franco-Nevada gained 10.6% for January?", remember: here at The Gold Update we tell it like it is.
'Twas just one week ago wherein we bemoaned that a lifeless Gold had fallen out of bed. Today 'twould appear Gold's getting banged on the floor has brought some life back to price, and moreover, some volatility.
Opening note: with respect to the above Gold Scoreboard we've upgraded the line colours to make them more visibly distinct, the thrust of the overall picture rather cynically showing us that Gold's price these past few years hasn't...
Nearly five years ago came our 24 May 2014 piece entitled "Gold in Neverland" wherein we bemoaned that for "...26 of the last 28 trading days (better than a month), Gold has traded in the 1290s...", its never having been able to materially...