Gold skyrocketed to new all-time highs amid rising concerns over tariffs. Stockpiling in New York led to shortages in London ahead of Saturday's announcement. Since the November election, traders have moved (repatriated) nearly 400 metric tons into New York.
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Gold is nearing its October high, and prices could move quickly towards $3,000. Silver is on the verge of a significant breakout, with the potential for a swift rally through $35.00. Gold miners have underperformed gold for years, but with prices still depressed, we...
With U.S. markets closed on Monday, January 20th, for Martin Luther King Jr. Day and Trump's inauguration, traders are positioning themselves ahead of the long weekend. Gold is experiencing a rally as investors hedge against potential market fluctuations.
Metals and miners saw a significant rally on Thursday, signaling the possibility of a cycle low. A strong close to the week would further support a bullish outlook.
In light of the recent market action, I wanted to post another update on the Gold cycles positioning - which are offering up a mixed picture, near-term.
Gold has had quite a run for 2024, up over 25% year to date as this article is going to press in late-December. Will the advance continue in 2025? Or will the new year see a reversal for gold prices after 2024’s strong performance?
Gold tested crucial resistance around $2,760 and then reversed sharply. Unless there’s a rapid shift, this likely signals the end of the current rebound. Silver stalled above $33.00 on Thursday, and the likelihood now leans towards a secondary decline towards $28.50...
With the most recent market action, I wanted to post a quick update on the Gold cycles, then to take a detailed look at the U.S. stock market.
As mentioned in my prior articles, Gold was in the range where a key peak was expected to form, and with that was due for a sharp correction, first with a tracked 72-day wave, but ideally also with a larger 310-day component. Having said that, a sharp, short-term...
