Both gold and silver extended their gains today, so I figured it was time to provide some analysis on the precious metals. People that follow me know I have been bullish these metals for a long time, and I continue to think more gains will be on the way, especially silver which looks relatively inexpensive […]
[Video] Gold and silver break further higher Read More »
It has been a while since I created a blog post like this, so wanted to quickly share some before/after charts of the long gold trade we posted in the Telegram group on Friday before the breakout, to give you an idea how to manage risk in a typical trade. Obviously every trade is different,
Trading is all about risk management Read More »
Gold has been printing constructive price action of late, pointing to a potential breakout. Investors have been buying the dips in gold mainly because of the view that long-term interest rates will remain very low thanks to the vast central bank stimulus. In addition, the metal has been supported by haven flows due to elevated
[Video] Gold: stage set for breakout Read More »
Gold broke down on Friday as stocks rallied on the back of the much-stronger US nonfarm jobs report, which further fuelled optimism about the recovery. The dollar index closed higher, ending a run of losses. However, at the start of this week, the precious metal has started higher again on the back of a mixed
Gold testing resistance Read More »
Gold has been stuck in an ugly range for several weeks now. But more recently, the pressure has been growing for a downside breakdown as stocks surged on lockdown easing hopes and amid central bank support. Today, the metal was testing a key support level, and traders were wondering whether support will hold given the
Will gold hold THIS pivotal level? Read More »
Thanks to record low rates and QE, not to mention increased haven demand, gold has managed to retain most of its recent gains. And now it may have formed a key technical signal that it wants to break new 2020 highs. Take a look at this daily chart of gold: On Thursday, gold may have
GOLD creates THIS bull signal ahead of NFP Read More »
Here is my latest analysis on gold – sorry about the background/kids noise, working from home!
[Video] Gold heading to $1703? Read More »
Some folks have attributed gold’s recent decline, in the face of collapsing equity prices and interest rates, to a stronger US dollar. This is not the case, as gold in euro terms have also fallen equally sharply. Investors are therefore abandoning the so-called safe-haven metal for other reasons, including because of concerns over physical demand
Gold getting heavier Read More »
After last week’s big drop, gold has staged a sharp rally and looks set to break to a new high for the year. Investors are ignoring concerns over physical demand for the precious metal and instead concentrating on its appeal as a safe-haven commodity. The metal has risen to a high so far of $1666,
Gold extends recovery as stocks, yields and dollar drop Read More »
Did the Fed just cut interest rates because of the economic impact of the coronavirus or because of the recent slump in equity prices? Whatever the reason, supporters of Trump will claim that his renewed criticism of the Fed has done the trick. But make no mistake about it, the President will continue to call
Fed surprises but is the 50 bp cut too early? Read More »
