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
What? Apparently there was a major StateSide election just nine trading days ago? Are we sure about this? Did someone tell the world's most important markets? If one did not know, surely one would not think so. To wit the primary BEGOS...
That's callin' it right, baby! Cue the timeless Harry Caray: "Gold Wins! Gold Wins! Gold Wins!"
"But mmb, you also said the 'incumbent' would win..."
The notion inherit of our prior two missives remains intact: that a Team Red election victory is "priced into the market". Rather were the tilt be to Team Blue, as we'd penned "...Gold would by now have soared and the stock market by now...
Our sense is re-election of the StateSide presidential incumbent is now priced into the markets. Since posting our piece from a week ago, "Neither a Higher Gold Gear nor Pre-Election Fear Has Yet to Appear", still has neither the price of...
Gold's primary upside driver is currency Debasement, further enhanced by the other of the 3Ds: Debt and Derivatives. Thus axiomatically, Gold's primary downside driver is shrinkage of same. We don't see that happening anytime soon. Indeed...
'Tis been a curious pricing patch for Gold. It has just recorded back-to-back up weeks respectively of +2.1% and now +1.7%, for a combined two-week total of +3.9% (+72 points). 'Course as we oft quip, change is an illusion whereas price is...
With Gold settling out the week yesterday (Friday) at 1904, this tenth and final year of the century's second decade in measuring from StateSide Labor Day (07 September) finds Gold at present -1.9%. Hardly that about which to worry; but...
In each of our prior five weekly missives we've pointed to 1830 as a key structural price foothold should Gold be so sold. And this past week under a heavy selling load, Gold reached to as low as 1851, a level not seen in better than two...
Per the wording in this week's title, to fundamentally find anything "negative" for Gold these days is a fool's game. Certainly so since price unwound from having gotten ahead of itself nine years ago.
At this time of the year when all hell supposedly breaks loose across the spectrum of the BEGOS Markets (Bond / Euro / Gold / Oil / S&P) -- and therein Oil has been contributing its part, -12.7% through just these first eight trading...
