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Gold Market Update
The Friday Follow Through didn't happen - but the market is consolidating.
...but look likely to charge again.
...the dynamic is changing.
...the Commodity Complex is on Fire, and the Metals are finally catching up.
... mostly of the 'dead cat' variety
...just when the Bulls thought they were out of the Danger Zone
...as the long-term downtrend is touched.
...Is the US Dollar getting Ready to Run Higher?
once again, a fall in Precious Metals was an early warning for an equity rout.
...silver down almost 5% on the day.
... even solid rallies don't move a straight line
as Gold continues to languish.
The Horizontal has been crossed as the end of the month beckons.
...as the week ends.
while precious metals largely avoid damage.
....after all the drama...we're right back at $1800.
...so far, so good.
after clearing out the weak hands.
...and our assessment of the market
...US Jobs Report and Dollar Strength Combine to Send Metals Lower
volume drops...as the channel is maintained.
...but remains in the down channel.
...as another lackluster day gets chalked up
...in an otherwise dull market
...as the $1800 level comes under pressure.
...all over again?
but the Metals are unaffected.
...as the Ratio breaks long-term Resistance
...as Silver develops Power Trend
...summer shenanigans, or something more serious?
...a potential reversal at the end of the quarter.
...if we stay within the boundaries - we have some upside ahead.
... as the market moves back up.
...after the deluge
...and what it means in the present market.
after a month of meandering
...volatility crushed as market is becalmed.
...the threat of a reversal formation was too much for COT to resist.
...and a take on the near-term prognosis
The Metals Are Moving at the Whims of the Stock Market.
...so far Gold and Silver are hanging tough.
...breakout followed by a gap.
tighter labor conditions fuel fears of wage inflation.
...just when it looked like clear sailing was dead ahead.
...up and down we go; but is a trend emerging?
...just when the bears though they had it in their jaws.
...the moving averages are holding - for now.
Silver Takes Out both Moving Averages.
US Banks Will Be Prohibited from Buying Russian Sovereign Debt
...and why discipline pays
...now for the tough part.
...as the holiday weekend lifts the market.
as $1700 approaches.
...downtrend accelerates
...as NASDAQ swoons and Gold tries to hang tough.
...and the 50-day moving average sets the pace, again.
...a new uptrend develops, while fears of an equity pullback hamper higher prices.
...and a new strategic outlook.
... the Dollar bears are feeling the heat
...as the market settles down.
...as the bottom of the channel beckons
... as the Metals drift lower.
early days, but are we setting up?
Metals Marked Down...but the Ratio Stays Flat
Inflation Makes a Comeback...as energy prices lead the way
...after the mayhem - the return to reality.
...while EUR/USD goes flat.
as the US Dollar prepares for the next leg up.
...an inside rally develops.
...as the correlation trade gets smacked
.reflects an indecisive market.
...as Gold treads water.
Dollar Rally No Impediment to Gold's Advance
Too Many Dollar Bears Spoil the Golden Soup
...poking its head above the channel marker
the downtrend has been cleared and the 100-day Moving Average Surpassed.
like being 'early'...close doesn't cut it in trading
... its relevance and recent performance
is volatility getting ready to ramp up?
...we warned about the 'whipsaw'
...if you play 'follow the cheerleader'
an uninteresting Friday...as we get ready to scratch.
...50-Day moving average turns Gold away. But an opportunity takes shape.
..the slingshot takes shape.
Gold retraces back down after Friday's advance fails to hold.
the slingshot potential beat the buzzer...can it follow through?
...but can it hold for Friday's close?
...are we developing a 'slingshot' to the upside?
..the short covering went as planned
...right at $1810
...because you will lose money.
...at the month's end - a marker is reached.
...New York Opening Produces Bloodbath
...your ears and mind need to be open
...bottom falls out as Gold is routed properly.
failure to follow through is raising concerns for a sharp move down
...as we close the spec for small loss
...the passage of time is helping the chart position.
after a marginal close on Friday
...fends off the breakdown and mounts a spirited defense