Graham Summers

Graham Summers is Chief Market Strategist for Phoenix Capital Research, an independent investment research firm based in the Washington DC-metro area with clients in 56 countries around the world.

Graham’s clients include over 20,000 retail investors as well as strategists at some of the largest financial institutions in the world (Morgan Stanley, Merrill Lynch, Royal Bank of Scotland, UBS, and Raymond James to name a few). His views on business and investing has been featured in RollingStone magazine, The New York Post, CNN Money, Crain’s New York Business, the National Review, Thomson Reuters, the Glenn Beck Show and more.

Last week, I wrote: So while gold should definitively bottom this week, and is showing the potential for a significant bounce here, Gold Miners look like they could post a truly violent move. Put simply, gold’s next major move should see us rally to $1,300.
Last week we wrote: We remain very bullish gold into year-end, but it looks like we need a final flush to get rid of the momentum players. That final flush should complete this week. Sure enough, we got that final flush, with gold dropping nearly 1% last week
Last week we wrote: Gold now sits between two critical lines. The momentum of last week should carry through with a move to “kiss” $1,308 early this week. But after that is anyone’s guess. We could just as easily see a retrenchment to retest $1,300 OR we could
Last week we wrote: Our forecast for this week: Gold should finish the week higher. Any final flush of the weak hands will hit before Wednesday. And by Friday Gold should be up and well into its next big rally. The turn we’ve been waiting for is finally here.
Last week we wrote: Put simply gold is in a kind of “no man’s land.” It is unlikely it will sell off much more - and it is similarly unlikely it will roar higher. Consolidation/bottoming is the name of the game this week. Gold ended the week down 0.77%. Howe
Our last week’s forecast was half right and half wrong. We wrote: The precious metal might have another day or so of weakness early this week as a final “flush” off momentum traders. However, once Gold breaks above $1,300 with conviction (likely by Wednesday morn
Last week we forecast that the gold price would correct to $1,300 or so and form a bottom sometime after Wednesday. The primary reasons for this forecast concerned the fact that momentum had turned downwards after gold became sharply overbought and that the Fed
The gold correction we’ve forecast started last week. However, the ongoing geopolitical issues with North Korea have “muddied” the waters. Always remember that gold is a “sentiment” trade. The precious metal has virtually no industrial uses, so the economic
As we noted in last week’s forecast, gold prices had significant momentum and could overshoot to $1,340 before staging our expected pullback. Gold did overshoot, but instead moved to $1,350. The precious yellow metal is, after all, a sen
Our forecast from last week unfolded like clockwork with gold prices breaking above the all-important psychological level of $1,300 and following through to our upside target of $1,325. That was the easy money. This week is not nearly as clear. Gold has major res