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 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
Gold prices should have broken through $1,300 last week. It was only through abject market rigging that it didn’t. The single biggest market rig currently is for “someone” to slam the VIX lower to force risk parity funds to buy stocks. It’s fairly clear that the
Last week I wrote that I expected gold to give us a pull back to $1,275 or possibly even $1,260, before starting its next leg up above $1,300. Well, we got that pullback early in the week as gold dropped to $1,280 Monday through early Tuesday, before bouncing har
Gold prices had a solid week rising 2.4% on fears of a potential armed conflict between the United States and North Korea. The move brought the precious metal within spitting distance of its 2017 highs set in early June. As much as we like gold, this presents us