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Gold Market Update
...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.
...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