News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Gold Market Wire... Gold Market Wire... Gold Market Wire
Gold Market Wire... Gold Market Wire... Gold Market Wire
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USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
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UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
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Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
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Covid-19 Cases Climb as Deaths Dwindle
Covid-19 Cases Climb as Deaths Dwindle
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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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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Gold Reclaims the Support Line

March 17, 2020 - (Gold Market Wire) - Gold prices have turned higher after the White House has unveiled plans for $850 billion dollar stimulus package that may target individual households.

Congressional approval should be nearly guaranteed. There is also news that the commercial paper market, essentially frozen by the Corona Virus epidemic, may be backstopped by the Federal Reserve.

Gold has reclaimed the trend line on the back of the news

back in the game... but can it hold on the close?

Wall Street got their bailout in 2008. Now Trump is going to hand one to the public, in an election year.

Soon, every SME, every individual in the USA as well as every foreign bank , will be on the "payroll" of the US Government and/or the Federal Reserve courtesy of their largesse.

A case for Gold?

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