Gold News

The action into last week witnessed the gold market forming its high in Thursday's session, here doing so with the tag of the 1522.30 figure (December, 2019 contract). From there, a quick spike lower was seen into Friday, where the metal formed its low at the 1478.0
There will in the next couple of years be a real Eureka moment in markets. But it is unlikely to be of the same satisfactory nature as in the case of Archimedes. The Greek mathematician and scientist reportedly said “Eureka, Eureka” (I found it) when he discovered t
Last week's trading saw gold forming its low in Tuesday's session, here doing so with the tag of the 1465.00 figure. From there, a sharp rally was seen into late-week, with the metal running all the way up to a Thursday peak of 1525.80 - before pulling back off the
There is something vaguely troubling when the unthinkable becomes routine” This is what Claudio Borio of the BIS (Bank for International Settlement) commented on the $17 trillion of debt with negative interest. He went on to say: “Even at the height of the Great Fina
The gold market saw the bearish pattern of an early-week high into resistance last week, with the index hitting a peak of 1543.30, made on a Tuesday time top. From there, lower prices were seen into late-week, here dropping down to a Friday bottom of 1493.30 - befor
The next explosive phase in the precious metals market has just started. As always is the case, the beginning is so slow that only the wealth preservationists and the gold bugs are seeing it. But since these are less than 1/2% of world financial assets, it means that vi
With the action seen last week, gold dropped to lower lows for the move into Wednesday's session, with the metal bottoming at the 1490.70 figure (December, 2019 contract). From there, a sharp rally was seen to end the week, here running up to a Friday high of 1524.8
Gold continued to push south into last week, with the metal hitting its low in Tuesday's session - doing so with the tag of the 1492.10 figure. From there, a quick spike to the upside was seen into early-Thursday, here running all the way up to a peak of 1532.20 - b
What is history’s greatest illusion? Is it the Indian Rope Trick or is it performed by Houdini or maybe David Copperfield. No, this is an illusion which is so big that the whole world has fallen for it. Virtually every individual in the Western world and also many i
Gold confirmed a new bull market in June 2019. The current cycle likely peaked last week after surging nearly $300 since May. Next, we should get a multi-week correction into October/November and perhaps a backtest of the breakout area surrounding $1380. Commitm