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 Struggles to Break the Channel

June 12, 2020 - (Gold Market Wire) - Yesterday's sharp 5% fall in global equity prices has limited Gold's rise, and negated its brief move above the downtrending channel. In the European a.m. Gold is pressing against the downtrend, but is yet to clear it.

still trapped in the channel

Gold no longer has the power uptrend. That is not surprising as it was nearly vertical. But now the downtrend has to be cleared. Considering yesterday's stock market blowout to the downside, Gold has performed remarkably well - but still, it needs to clear the boundary. The challenge is fairly clear. If stocks come under pressure again, Gold may struggle to make a move higher. We had a brief move above yesterday which looked as if we were ready to resume the rally, but the stock market has held Gold back.

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