Gold News

The action last week saw gold dropping down to lower lows for the larger swing, with the metal forming its bottom on Tuesday with the tag of the 1238.80 figure (August, 2018 contract). From there, a decent bounce was seen into Thursday, here pushing up to a high of 1262

Whilst the US government worries about the military threat of Russia, and the trade deficit with China, they show no concern for the real problems. To understand what is really happening, all we need to do is to Follow the Money. The flows of real money reveal wher

As pointed out in my last article, gold was holding in a consolidation pattern - with several key price reversal levels holding the last try at strength. With that, the metal broke to the downside into late last week, with the mid-term cycles continuing to point sou

With the action seen last week, gold is holding in a consolidation pattern at the present time, with the same expected to give way to an eventual up-cycle phase into mid-to-late Summer. Having said that, no larger turn has been confirmed, putting us in 'wait-and-see