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Mark Mead Baillie

Market Analyst & Author

Mark Mead Baillie

Mark Mead Baillie has had an extensive business career beginning in banking and financial services for two years with Banque Nationale de Paris to corporate research for three years at Barclays Bank and then for six years as an analyst and corporate lender with Société Générale.
 
For the last 22 years he has expanded his financial expertise by creating his own financial services company, de Meadville International, which comprehensively follows his BEGOS complex of markets (Bond/Euro/Gold/Oil/S&P) and the trading of the futures therein. He is recognized within the financial community of demonstrating creative technical skills that surpass industry standards toward making highly informed market assessments and his work is featured in Merrill Lynch Wealth Management client presentations.  He has adapted such skills into becoming the popular author each week of the prolific “The Gold Update” and is known in the financial website community as “mmb” and “deMeadville”.
 
Mr. Baillie holds a BS in Business from the University of Southern California and an MBA in Finance from Golden Gate University.

Mark Mead Baillie Articles

Yes, per last week’s 700th missive, an All-Time High for Gold remains nigh, (i.e. above 2089).  Yet en route to said notion of nigh, we also penned our expectation for Gold to first recede into the 1900s, price indeed having traded this...
When we penned the first edition of the Gold Update 699 Saturdays ago on 21 November 2009 — for whom the sole recipient was one JGS (thank you, mate) — the price of Gold was 1151.  Since then, Gold rose to as high as 2089 (+81%) on 07...
This past Tuesday (04 April), Gold flew commensurate with affirmation of Finland having formally joined NATO. Indeed now that FIN is in, fast and furiously did Gold fly as is its wont upon implicitly negative geo-political alerts....
'Tis April 1st, but no foolin' from here: just fact. And it being week-end, month-end, and quarter-end, we begin with Gold leading the year's trend! For through 2023's 62 trading days-to-date, we've the BEGOS Markets' yellow metal with the...
As on occasion we do, let's start with stocks, in opening with one of our infamous pop quizzes: Ready?
We begin with this penned from two missives ago: "...two robust up weeks from here could end the Short trend with the 2000s then in the offing..." And that's exactly what Gold did unfold, price ascending from as low as 1813 two weeks ago...
Let's begin with this apologetic correction: we've oft-quipped that Federal Reserve Chair(man) Powell shall come to the aid of former FedChair now U.S. Secretary of the Treasury Janet "Old Yeller" Yellen upon her depository's default....
On the heels of last week's piece pointing to Gold (then 1818) as a "bargain", Gold-Getters have since come to the fore in pushing price to as high as 1864 towards settling yesterday (Friday) at 1863. That doesn't mean Gold has concluded...
With but two trading days remaining to complete this year's second month -- a year which finds Gold repeatedly being hyped to the heavens -- price is actually now -0.7% for 2023 in settling out this past week yesterday (Friday) at 1818,...
Yes, Gold's key weekly parabolic trend as anticipated has flipped to Short, but with underlying support for a safe haven port. We'll get to that, but we're really compelled to begin with this:

The first use of gold as money occurred around 700 B.C., when Lydian merchants (western Turkey) produced the first coins

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