Mark Mead Baillie
Market Analyst & Author
Mark Mead Baillie has had an extensive business career beginning in banking and financial services for two years with Banque Nationale de Paris to corporate research for three years at Barclays Bank and then for six years as an analyst and corporate lender with Société Générale.
For the last 22 years he has expanded his financial expertise by creating his own financial services company, de Meadville International, which comprehensively follows his BEGOS complex of markets (Bond/Euro/Gold/Oil/S&P) and the trading of the futures therein. He is recognized within the financial community of demonstrating creative technical skills that surpass industry standards toward making highly informed market assessments and his work is featured in Merrill Lynch Wealth Management client presentations. He has adapted such skills into becoming the popular author each week of the prolific “The Gold Update” and is known in the financial website community as “mmb” and “deMeadville”.
Mr. Baillie holds a BS in Business from the University of Southern California and an MBA in Finance from Golden Gate University.
Mark Mead Baillie Articles
As prior penned in "Gold's June Swoon", the technical and seasonal case was laid out for Gold to settle June "nearer to 1800" than to 1900. Thus far, that is the trend, albeit with 13 trading days remaining in June.
Per last week's piece, you know that Gold settled the month of May at 1904. We next see it settling this month of June nearer to 1800.
Let's start with Gold Great. 'Twas just 59 trading days ago on 08 March that Gold traded down to the year's low of 1673. But since then, yesterday's (Friday's) settle at 1904 marks a 231-point gain. Thus to again revisit our proportional...
Commensurate this weekend with the Grand Prix here, we also find Gold in top gear. For on a closing points basis from Gold's low of 1683 this past 30 March, price in settling yesterday (Friday) at 1882 has since driven 199 points (+11.8%)...
Welcome to our 600th consecutive Saturday Edition of The Gold Update. "Ain't missed a one, hon!" And to all of our valued readers, linkers, publishers and broadcasters across the past decade and 'round the world, our humble and heartfelt...
First things first: we were a week premature in writing off Gold re-attaining 1800 "near-term". For some two months, we'd anticipated 1800 Gold: and we (finally) got it, price settling yesterday (Friday) at 1832.
Let's admit it right off the top: Gold did not reach our anticipated near-term target of at least 1800. "Well the week's intra-day high of 1790 was pretty close, mmb..."
We begin by quoting the late Hervé Villechaize as Nick Nack in the film 'The Man with the Golden Gun' --[United Artists, '74]: "So near... and yet so far..."
There in the upper right panel it officially is: the U.S. Money Supply ("M2") this past week topped the $20 Trillion level, data courtesy of the Federal Reserve Bank of St. Louis as retrieved from the System's Board of Governors.
With respect to this week's title, in each of the prior three missives we've anticipatively penned: 20 March: "So clearly we see Gold as on the go through here: 1800 seems quite reasonable as an initial goal, however the 1800s in general...
