Gold Market Update
It's Choppy - but Gold is holding...
...it is discipline, not swinging for the fences, that wins the day.
...it's really as simple as that.
Gold reacts to bank solvency issues in America.
The Dollar is Back.
...technically, Gold remains solid.
...slow and methodical, a goldilocks rally.
...sure looks like it.
does last weeks' charge need a pullback?
...the 'high tick' threat is evaporating.
...as the traders look for direction.
....to the new surroundings
....the technicals point to firmer prices
....breaks above $1803.
...can't break out, won't sell off.
...as we lay out the charts.
...is Gold getting ready to move higher?
...markers are there for a reason.
...breakout from the horizontal marker.
...as the month begins
...almost to the the Dollar.
...as the perma bulls scream "This is it!"... the short continues to work.
as Bulls go - this one didn't just charge; it defied gravity.
has the downside finished?
Things are looking up in the crude arena
...pending equity rout spurs liquidation across all sectors.
...no respite, as the Dollar works ever higher.
...for now at least.
Gold fails Friday's Challenge
...couldn't be clearer.
the market remains cautious - but crossing the 50-day m.a. helps confidence
...after a decent run.
...Gold is in a "do or die" position.
...the Euro rout has knocked Gold
...Gold is under pressure.
The half year close was a bad omen for Gold.
... a store of value, indeed.
Stocks Crash, US Dollar Rises and Gold Takes Off
...is all about the odds on this one.
...are we finally going to see some life?
...the bloodbath continues
...the "problems" are NOT going away.
... what have we learned in the past month?
..and the world careens into chaos.
...but has the carnage abated?
when stocks crash and cash is King - Gold counts.
yesterday's sharp rally retraces - but holds.
up, then down, then back to $1860.
...out third scalp got covered.
... and gaps higher
...as expected - the same 'ol action
...is it time to sell again?
...as a sell-off looms
...in our view - yes.
...the spec short worked...as the Goldbugs rage
...not even the spectre of war has caused Gold to move.
...as the International situation deteriorates.
...are we starting a rally or fading?
but can it maintain?
...in the run-up to the New Year
...now for the tough part.
the market sells off, but the horizontal holds.
...everything on hold waiting for the "Number"
...the Power Uptrend is holding for now.
Gold listless, while the turmoil rages.
late bounce takes us to the edge of the trend line.
...and what it's telling us.
...no sign of let up for the Bulls
...after yesterday's "surge and swoon".
...while equities collapse, and oil drills down, Gold cruises through the maelstrom.
...the market clears; and the USD rally picks up where it left off.
... this pattern will likely be repeated.
... the market remains unsettled and is best avoided.
no sign of let up in USD charge
Euro below 1.13
...after a momentous day.
...the metals soar, along with the US Dollar.
...we are at an interesting juncture.
...after the deluge...a new uptrend in development?
laying out the Silver stall
... is the longer term picture finally coming into view?
...the discipline pays off.
...after a near=perfect bounce
...in the face of an adverse formation
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.