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 Starts to Press against the Downtrend

June 19, 2020 - (Gold Market Wire) - For eight sessions in a row, Gold has tried to bridge the downtrend line shown in our chart. It's been a slow undramatic fall off with neither side able to truly command the terrain of the market. The bears have a had a slight edge, but any true sell-off has been bought back. Have the altos brought us to a standstill? In the short term, maybe they have. But it is a situation that can't persist forever.

Right now Gold is making a small attempt, yet again, to break free. Getting over the line would be, at least, a first start in trying to set-up for a rally to challenge the horizontal resistance at $1748.

...still a system of lower highs, save for the very short term

Volume has been of no help as of late. It is listless. But a positive note is that investment demand for Gold, albeit in the form of ETFs, continues to grow. That means the public is still on board, and that is a decent back stop to the market.

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