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 Update

Gold Recovers - but Stays in the Channel

June 16, 2020 - (Gold Market Wire) - Gold has staged a decent comeback this European a.m., but the downtrending channel remains intact. While there is underlying strength,  still the march of time points lower.

death by a thousand cuts?

There is no mystery about the chart. In fact it is quite simple. Every time we have touched the top of the channel we backed off and continued the slow journey lower. As it stands, there is little to alter that outlook, until the spell of the upper boundary can be broken and the pattern reversed.

The fx markets are providing little direction with the dollar essentially unchanged. Unless an exogenous event stirs the market, we should respect the channel and follow its dictates.

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