News, analysis and commentary for gold traders and investors

The Higher the Debt Goes - The Higher Gold Goes.

Jim Sinclair 2007
Gold Market Wire...News, Analysis and Commentary for Gold Traders and Investors... Gold Market Wire
Gold Market Wire...News, Analysis and Commentary for Gold Traders and Investors... Gold Market Wire
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Silver Explodes Higher - Up 3% on the Day
Silver Explodes Higher - Up 3% on the Day
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First Half 2020 Gold ETF Inflows Hit Record of $40 Billion
First Half 2020 Gold ETF Inflows Hit Record of $40 Billion
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Central Bank Net Gold Purchases Totalled 39.8 tonnes in May - WGC
Central Bank Net Gold Purchases Totalled 39.8 tonnes in May - WGC
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Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
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Bank of Japan to Loan $1 Trillion into Economy
Bank of Japan to Loan $1 Trillion into Economy
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Trump Plans to Cut US Troops in Germany by Half... Calls German payments to NATO 'Delinquent'
Trump Plans to Cut US Troops in Germany by Half... Calls German payments to NATO 'Delinquent'
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*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Opening

Gold Feels the Heat

June 15, 2020 - (Gold Market Wire) - Gold has failed to clear the downtrend line which characterized so much of last weeks attempts to move higher. This European a.m. it has fallen firmly back into the downtrend, portending lower prices.

a bearish picture for Gold

This failed attempts have taken ahold of the market and there is little to stop a further sell-off. The 50-day Moving Average comes in at $1711, and will need to hold. If not, we can expect a further move towards the horizontal support at $1683, which has been our lower bound for some time now.

Silver has fared no better, with the downtrend accelerating this morning. The uptrend line has been broken. Lower prices await.

Silver turns Sour

Riots continue across America and spill over into Europe as well now. But none of this is adding to the precious metals' prices. That, in and of itself indicates a weak market. The continuing pressure on equity markets is not adding any support as a general market liquidation is gaining traction. Oil, stocks, bitcoin and the precious metals are all down over 2% this morning, as the US dollar finds strength. It's a heady mix that is making for a serious headwind for Gold and Silver.

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